Skip to content
Nonprofiteer
← KOOTENAI ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by KOOTENAI ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$73,756,106
Total expenses
$70,601,404
Contributions and grants received
$0
Grants paid
$21,122
Program service revenue
$70,583,668
Investment income
$348,789
Other revenue
$2,823,649
Total assets, end of year
$305,467,743
Total liabilities, end of year
$211,749,469
Net assets or fund balances, end of year
$93,718,274
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • WILLIAM SWICK

    CHAIRPERSON

    Total calculated
    $35,384
    From this org
    $35,384
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.6

  • TIM MEYER

    VICE CHAIRPERSON

    Total calculated
    $29,084
    From this org
    $29,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    12.7

  • ROGER TINKEY

    SECRETARY

    Total calculated
    $30,309
    From this org
    $30,309
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • DAVID BOBBITT

    DIRECTOR

    Total calculated
    $208,649
    From this org
    $196,236
    From related orgs
    $0
    Other
    $12,413
    Hours/week
    14.7

    Schedule J breakdown matched by us

    Base
    $16,496
    Bonus
    $0
    Other
    $179,740
    Deferred
    $12,413
    Nontaxable benefits
    $0
    Filer's total
    $208,649

  • JAMES ROBBINS

    DIRECTOR

    Total calculated
    $35,734
    From this org
    $35,734
    From related orgs
    $0
    Other
    $0
    Hours/week
    14

  • TODD HOFFMAN

    DIRECTOR

    Total calculated
    $27,509
    From this org
    $4,509
    From related orgs
    $0
    Other
    $23,000
    Hours/week
    6

  • CRYSTAL MUSSELMAN

    DIRECTOR

    Total calculated
    $30,659
    From this org
    $7,659
    From related orgs
    $0
    Other
    $23,000
    Hours/week
    5

  • DOUGLAS ELLIOTT

    GENERAL MANAGER/CEO

    Total calculated
    $601,619
    From this org
    $337,655
    From related orgs
    $0
    Other
    $263,964
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $333,734
    Bonus
    $0
    Other
    $3,921
    Deferred
    $211,474
    Nontaxable benefits
    $55,879
    Filer's total
    $605,008

  • REED CHRISTENSEN

    COO/CFO

    Total calculated
    $293,640
    From this org
    $217,650
    From related orgs
    $0
    Other
    $75,990
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $197,386
    Bonus
    $2,000
    Other
    $18,264
    Deferred
    $37,907
    Nontaxable benefits
    $40,444
    Filer's total
    $296,001

  • SCOTT DAVIS

    VP ENGINEERING & TECHNICAL SERVICES

    Total calculated
    $288,991
    From this org
    $198,094
    From related orgs
    $0
    Other
    $90,897
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $192,244
    Bonus
    $3,356
    Other
    $2,494
    Deferred
    $52,428
    Nontaxable benefits
    $40,860
    Filer's total
    $291,382

  • KEITH GEDNALSKE

    FOREMAN

    Total calculated
    $343,897
    From this org
    $211,084
    From related orgs
    $0
    Other
    $132,813
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $205,820
    Bonus
    $0
    Other
    $5,264
    Deferred
    $88,936
    Nontaxable benefits
    $45,707
    Filer's total
    $345,727

  • JULIE TURBIN

    VP OPS & OPS SERVICES

    Total calculated
    $414,877
    From this org
    $191,769
    From related orgs
    $0
    Other
    $223,108
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $179,794
    Bonus
    $3,667
    Other
    $8,308
    Deferred
    $180,702
    Nontaxable benefits
    $44,766
    Filer's total
    $417,237

  • RYAN VANDEWERKER

    ELECTROTECH

    Total calculated
    $266,024
    From this org
    $210,235
    From related orgs
    $0
    Other
    $55,789
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $207,407
    Bonus
    $0
    Other
    $2,828
    Deferred
    $30,866
    Nontaxable benefits
    $26,677
    Filer's total
    $267,778

  • BENJAMIN COOK

    LEAD LINEMAN

    Total calculated
    $262,588
    From this org
    $194,021
    From related orgs
    $0
    Other
    $68,567
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $183,804
    Bonus
    $0
    Other
    $10,217
    Deferred
    $37,856
    Nontaxable benefits
    $32,390
    Filer's total
    $264,267

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

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
KEC OFFERS GYM MEMBERSHIP REIMBURSEMENTS THROUGH PAYROLL. EMPLOYEES MAY ENROLL IN A MONTHLY INDIVIDUAL REIMBURSEMENT OR A FAMILY REIMBURSEMENT. THE INDIVIDUAL RATE IS UP TO $30/MONTH AND THE FAMILY RATE IS UP TO $50/MONTH.
PART I, LINE 1B
THERE IS NO FORMAL POLICY ON THE GYM MEMBERSHIP REIMBURSEMENTS. THE HUMAN RESOURCE DEPARTMENT AND GENERAL MANAGER ARE RESPONSIBLE FOR OFFERING THE BENEFIT AS A PART OF WELLNESS INCENTIVES OFFERED TO EMPLOYEES. THE HR DEPARTMENT REQUIRES PROOF OF THE EMPLOYEE'S MONTHLY GYM MEMBERSHIP COST, WHICH CAN BE SUBSTANTIATED WITH A RECEIPT OR A BANK STATEMENT. THIS DOCUMENTATION IS RETAINED WITH THE FORM THE EMPLOYEE FILLS OUT REQUESTING THE REIMBURSEMENT. SUBSTANTIATION IS ONLY REQUIRED WHEN FIRST SIGNING UP FOR THE REIMBURSEMENT AND THE EMPLOYEE IS REQUIRED TO INFORM KEC WHEN THEY TERMINATE THEIR GYM MEMBERSHIP. KEC CAN (AND HAS) AUDIT THE EMPLOYEE'S CLAIM FOR GYM MEMBERSHIP REIMBURSEMENT AT ANY TIME.
PART II, COLUMN C:
INCLUDED IN COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202503049349302610

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.