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Nonprofiteer
← TANNER ELECTRIC

Form 990 for tax year 2022

Filed by TANNER ELECTRIC.

Totals

Total revenue
$13,148,895
Total expenses
$12,188,094
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$12,938,861
Investment income
$61,972
Other revenue
$148,062
Total assets, end of year
$39,195,305
Total liabilities, end of year
$24,749,542
Net assets or fund balances, end of year
$14,445,763
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $12,719,687 · related or exempt $12,719,687

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $98,095 · related or exempt $98,095

  • 2c · Program service revenue: SERVICE FEES

    total $76,883 · related or exempt $76,883

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $44,196 · related or exempt $44,196

  • 3 · Investment income

    total $44,618 · unrelated business $38,223 · excluded $6,395

  • 7a · Gross sales of assets other than inventory

    other assets $17,354

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $17,354

  • 7d · Net gain or loss

    total $17,354 · related or exempt $17,354

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $114,070 · excluded $114,070

  • 11b · Other revenue: MISC. NON-OPERATING REVENUE

    total $33,992 · related or exempt $33,992

  • 11e · Other revenue, total

    $148,062

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $300,000

  • 5 · Compensation of officers, directors and key employees

    total $939,641

  • 7 · Other salaries and wages

    total $1,092,988

  • 8 · Pension plan contributions

    total $68,159

  • 9 · Other employee benefits

    total $145,240

  • 10 · Payroll taxes

    total $122,401

  • 20 · Interest

    total $956,346

  • 22 · Depreciation, depletion and amortization

    total $1,688,485

  • 24a · Other expenses: PURCHASED POWER

    total $4,157,890

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $1,045,480

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $879,057

  • 24d · Other expenses: TAXES

    total $639,662

  • 24e · All other expenses

    total $152,745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $546,655 · end of year $567,699

  • 4 · Accounts receivable

    beginning of year $3,241,860 · end of year $3,582,559

  • 8 · Inventories for sale or use

    beginning of year $633,500 · end of year $1,034,327

  • 9 · Prepaid expenses and deferred charges

    beginning of year $168,028 · end of year $90,174

  • 10a · Land, buildings and equipment: cost or other basis

    $56,892,706

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,350,565

  • 10c · Land, buildings and equipment, net

    beginning of year $32,822,397 · end of year $32,542,141

  • 13 · Investments: program-related

    beginning of year $1,162,840 · end of year $1,173,592

  • 15 · Other assets

    beginning of year $204,812 · end of year $204,813

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,473,770 · end of year $1,299,308

  • 21 · Escrow or custodial account liability

    beginning of year $4,403 · end of year $2,726

  • 23 · Secured mortgages and notes payable

    beginning of year $23,473,115 · end of year $22,752,747

  • 25 · Other liabilities

    beginning of year $359,041 · end of year $694,761

  • 29 · Capital stock, trust principal or current funds

    beginning of year $22,770 · end of year $23,290

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,446,993 · end of year $14,422,473

Mission and programs · 2022

Mission

THE MISSION OF TANNER ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, SUSTAINABLE ELECTRIC POWER AND RELATED SERVICES TO THE COMMUNITIES WE ARE PROUD TO SERVE.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 5,223 ACTIVE SERVICES AT YEAR END.

As filed on the 2022 return.

Listed in Part VII

  • Michael Hodge

    PRESIDENT

    Total calculated
    $11,900
    From this org
    $11,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Carol Paschal

    TREASURER

    Total calculated
    $5,450
    From this org
    $5,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.9

  • John Saatela

    DIRECTOR

    Total calculated
    $4,925
    From this org
    $4,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Steve Nicholes

    DIRECTOR

    Total calculated
    $3,275
    From this org
    $3,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Roger Guay

    VICE PRESIDENT

    Total calculated
    $4,175
    From this org
    $4,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.8

  • Susan Serrette-Egan

    SECRETARY

    Total calculated
    $4,100
    From this org
    $4,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David McGoldrick

    DIRECTOR

    Total calculated
    $2,350
    From this org
    $2,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • Paul Bay Jan-July

    TREASURER

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.3

  • Dutch Siedentopf

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • Kristina Michael Aug-Dec

    DIRECTOR

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Steve Walter

    CEO

    Total calculated
    $445,725
    From this org
    $254,452
    From related orgs
    $0
    Other
    $191,273
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $210,521
    Bonus
    $20,192
    Other
    $23,739
    Deferred
    $155,089
    Nontaxable benefits
    $36,184
    Filer's total
    $445,725

  • Kevin Burns

    DIRECTOR OF FINANCE

    Total calculated
    $196,075
    From this org
    $146,808
    From related orgs
    $0
    Other
    $49,267
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $145,124
    Bonus
    $1,460
    Other
    $224
    Deferred
    $28,626
    Nontaxable benefits
    $20,641
    Filer's total
    $196,075

  • Nick Himebauch

    MGR OF ENGINEERING & OPERATIONS

    Total calculated
    $253,366
    From this org
    $165,607
    From related orgs
    $0
    Other
    $87,759
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,819
    Bonus
    $1,306
    Other
    $482
    Deferred
    $57,849
    Nontaxable benefits
    $29,910
    Filer's total
    $253,366

  • Kye Refvem

    LINEMAN

    Total calculated
    $217,092
    From this org
    $184,325
    From related orgs
    $0
    Other
    $32,767
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $179,533
    Bonus
    $657
    Other
    $4,135
    Deferred
    $21,950
    Nontaxable benefits
    $10,817
    Filer's total
    $217,092

  • Chad Lohrey

    LEAD LINEMAN

    Total calculated
    $205,093
    From this org
    $173,657
    From related orgs
    $0
    Other
    $31,436
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $171,942
    Bonus
    $657
    Other
    $1,058
    Deferred
    $20,619
    Nontaxable benefits
    $10,817
    Filer's total
    $205,093

  • Rory Walter

    LINEMAN

    Total calculated
    $195,824
    From this org
    $169,373
    From related orgs
    $0
    Other
    $26,451
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $168,597
    Bonus
    $657
    Other
    $119
    Deferred
    $15,634
    Nontaxable benefits
    $10,817
    Filer's total
    $195,824

  • Blaine Barnard

    LINEMAN

    Total calculated
    $199,287
    From this org
    $169,158
    From related orgs
    $0
    Other
    $30,129
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $168,391
    Bonus
    $657
    Other
    $110
    Deferred
    $19,312
    Nontaxable benefits
    $10,817
    Filer's total
    $199,287

  • Justin Isackson

    FOREMAN

    Total calculated
    $222,915
    From this org
    $163,445
    From related orgs
    $0
    Other
    $59,470
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $162,578
    Bonus
    $657
    Other
    $210
    Deferred
    $29,622
    Nontaxable benefits
    $29,848
    Filer's total
    $222,915

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. STEVE WALTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 132,039 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 11,800 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,250 TOTAL REPORTED IN COLUMN C $ 155,089 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (132,039) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 49,626 EXPENSE TO THE COOPERATIVE $ 72,676 NICK HIMEBAUCH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,210 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 8,024 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,615 TOTAL REPORTED IN COLUMN C $ 57,849 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (42,210) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 33,716 EXPENSE TO THE COOPERATIVE $ 49,355 JUSTIN ISACKSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 23,799 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,823 TOTAL REPORTED IN COLUMN C $ 29,622 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (23,799) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,214 EXPENSE TO THE COOPERATIVE $ 31,947 KYE REFVEM: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 16,443 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,507 TOTAL REPORTED IN COLUMN C $ 21,950 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (16,443) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,878 EXPENSE TO THE COOPERATIVE $ 30,385 CHAD LOHREY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 14,894 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,725 TOTAL REPORTED IN COLUMN C $ 20,619 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (14,894) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,878 EXPENSE TO THE COOPERATIVE $ 30,603 BLAINE BARNARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,848 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,464 TOTAL REPORTED IN COLUMN C $ 19,312 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,848) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,878 EXPENSE TO THE COOPERATIVE $ 30,342 KEVIN BURNS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 15,569 EMPLOYER CONTRIBUTION TO 457(B) DEFERRED COMP. PLAN 7,080 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,977 TOTAL REPORTED IN COLUMN C $ 28,626 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (15,569) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 25,111 EXPENSE TO THE COOPERATIVE $ 38,168 RORY WALTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 10,145 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,489 TOTAL REPORTED IN COLUMN C $ 15,634 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (10,145) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,634 EXPENSE TO THE COOPERATIVE $ 29,123

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TANNER WIND ENERGY INC

    C · WIND ENERGY PRODUCTION · WA · 100% owned · share of income $349,560 · share of assets $801,688 · controlled entity

    Directly controlled by TANNER ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2022
Filed
25 October 2023
IRS schema version
2022v5.0
Source object
202333199349329808

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