Skip to content
Nonprofiteer
← SUN RIVER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by SUN RIVER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$13,943,825
Total expenses
$13,943,825
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,183,354
Investment income
$65,599
Other revenue
$694,872
Total assets, end of year
$43,531,002
Total liabilities, end of year
$19,276,127
Net assets or fund balances, end of year
$24,254,875
Program services expenses (Part IX)
$12,496,216
Management and general expenses
$1,447,609
Fundraising expenses
$0
Program service expenses (Part III)
$12,496,216

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: SALE OF ELECTRICITY AND SERVICES

    total $13,183,354 · related or exempt $13,183,354

  • 3 · Investment income

    total $65,599 · excluded $65,599

  • 11a · Other revenue: G & T AND OTHER CAPITAL CREDITS

    total $678,472 · related or exempt $678,472

  • 11b · Other revenue: OTHER NONOPERATING INCOME

    total $16,400 · related or exempt $16,400

  • 11e · Other revenue, total

    $694,872

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,057,866 · program services $1,057,866

  • 5 · Compensation of officers, directors and key employees

    total $513,646 · management and general $513,646

  • 7 · Other salaries and wages

    total $370,686 · management and general $370,686

  • 9 · Other employee benefits

    total $51,395 · management and general $51,395

  • 11b · Fees: legal

    total $2,002 · management and general $2,002

  • 11c · Fees: accounting

    total $12,860 · management and general $12,860

  • 13 · Office expenses

    total $204,792 · management and general $204,792

  • 20 · Interest

    total $674,537 · program services $674,537

  • 22 · Depreciation, depletion and amortization

    total $1,560,216 · program services $1,560,216

  • 24a · Other expenses: COST OF POWER

    total $5,213,867 · program services $5,213,867

  • 24b · Other expenses: DISTRIBUTION - OPERATIO

    total $1,818,752 · program services $1,818,752

  • 24c · Other expenses: DISTRIBUTION - MAINTENA

    total $843,838 · program services $843,838

  • 24d · Other expenses: TAXES

    total $561,021 · program services $561,021

  • 24e · All other expenses

    total $1,058,347 · program services $766,119 · management and general $292,228

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $657,693 · end of year $573,814

  • 2 · Savings and temporary cash investments

    beginning of year $588,498 · end of year $664,874

  • 4 · Accounts receivable

    beginning of year $1,453,267 · end of year $1,630,260

  • 8 · Inventories for sale or use

    beginning of year $1,087,043 · end of year $1,171,373

  • 9 · Prepaid expenses and deferred charges

    beginning of year $204,300 · end of year $203,551

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

    $62,631,918

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

    $28,847,458

  • 10c · Land, buildings and equipment, net

    beginning of year $33,147,504 · end of year $33,784,460

  • 15 · Other assets

    beginning of year $5,343,086 · end of year $5,502,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,837,332 · end of year $1,856,896

  • 23 · Secured mortgages and notes payable

    beginning of year $16,048,567 · end of year $16,631,413

  • 25 · Other liabilities

    beginning of year $362,900 · end of year $787,818

  • 29 · Capital stock, trust principal or current funds

    beginning of year $10 · end of year $10

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

    beginning of year $2,613,613 · end of year $2,741,909

  • 31 · Retained earnings, endowment or other funds

    beginning of year $21,618,969 · end of year $21,512,956

Mission and programs · 2025

Mission

THE MISSION OF SUN RIVER ELECTRIC COOPERATIVE, INC. IS TO MAINTAIN A FINANCIALLY SOUND COOPERATIVE WITH SYSTEMATIC MAINTENANCE AND RATE STABILITY WHILE PROMOTING GROWTH, BOARD AND EMPLOYEE EDUCATION AND MAINTAINING GOOD CONSUMER RELATIONS.

Activities or mission (Part I)

ELECTRIC SERVICE TO OWNER-MEMBERS

  • RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL UTILITIES TO ITS MEMBERS LOCATED IN THE WEST-CENTRAL PORTION OF MONTANA.

    Expenses $12,496,216 · Revenue $13,878,226

As filed on the 2025 return.

Listed in Part VII

  • Robert Pasha

    PRESIDENT

    Total calculated
    $18,831
    From this org
    $18,831
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mitchell Johnson

    VICE-PRESIDENT

    Total calculated
    $25,553
    From this org
    $25,553
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chris Music

    SECRETARY/TREASURER

    Total calculated
    $36,703
    From this org
    $36,703
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Russell Bloom

    TRUSTEE

    Total calculated
    $39,178
    From this org
    $39,178
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • John Burgmaier

    TRUSTEE

    Total calculated
    $22,513
    From this org
    $22,513
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Leonard Sivumaki

    TRUSTEE (END 3/2025)

    Total calculated
    $4,269
    From this org
    $4,269
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Emelia Leonardson

    TRUSTEE (START 3/2025)

    Total calculated
    $13,415
    From this org
    $13,415
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Bryce Johns

    TRUSTEE

    Total calculated
    $33,018
    From this org
    $33,018
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Brad Bauman

    CEO

    Total calculated
    $320,166
    From this org
    $226,594
    From related orgs
    $0
    Other
    $93,572
    Hours/week
    56

    Schedule J breakdown matched by us

    Base
    $226,594
    Bonus
    $0
    Other
    $0
    Deferred
    $68,200
    Nontaxable benefits
    $25,372
    Filer's total
    $320,166

  • Robert Anderson

    MANAGER OF OPERATIONS

    Total calculated
    $230,795
    From this org
    $153,372
    From related orgs
    $0
    Other
    $77,423
    Hours/week
    56

    Schedule J breakdown matched by us

    Base
    $153,372
    Bonus
    $0
    Other
    $0
    Deferred
    $47,830
    Nontaxable benefits
    $29,593
    Filer's total
    $230,795

  • Trey Caffyn

    LINE FOREMAN

    Total calculated
    $198,350
    From this org
    $128,966
    From related orgs
    $0
    Other
    $69,384
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $128,966
    Bonus
    $0
    Other
    $0
    Deferred
    $37,195
    Nontaxable benefits
    $32,189
    Filer's total
    $198,350

  • Scott Schlosser

    LINEMAN

    Total calculated
    $204,573
    From this org
    $136,755
    From related orgs
    $0
    Other
    $67,818
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $136,755
    Bonus
    $0
    Other
    $0
    Deferred
    $35,820
    Nontaxable benefits
    $31,998
    Filer's total
    $204,573

  • Robbie Dockter

    LINE FOREMAN

    Total calculated
    $207,927
    From this org
    $129,847
    From related orgs
    $0
    Other
    $78,080
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $129,847
    Bonus
    $0
    Other
    $0
    Deferred
    $37,195
    Nontaxable benefits
    $40,885
    Filer's total
    $207,927

  • Mike Faith

    METERMAN

    Total calculated
    $207,701
    From this org
    $129,762
    From related orgs
    $0
    Other
    $77,939
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $129,762
    Bonus
    $0
    Other
    $0
    Deferred
    $37,168
    Nontaxable benefits
    $40,771
    Filer's total
    $207,701

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 · Written employment contract
  • 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

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.

Provenance

Return type
form_990
Tax year
2025
Filed
29 July 2026
IRS schema version
2025v4.2
Source object
202612189349302211

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.