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Nonprofiteer
← GUNNISON COUNTY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2024

Filed by GUNNISON COUNTY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$23,300,067
Total expenses
$23,392,260
Contributions and grants received
$21,433
Grants paid
$0
Program service revenue
$22,408,957
Investment income
$1,029,522
Other revenue
-$159,845
Total assets, end of year
$54,667,427
Total liabilities, end of year
$23,444,907
Net assets or fund balances, end of year
$31,222,520
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $21,433

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $22,262,906 · related or exempt $22,262,906

  • 2b · Program service revenue: OTHER OPERATING

    total $146,051 · related or exempt $146,051

  • 3 · Investment income

    total $1,005,325 · related or exempt $810,684 · excluded $194,641

  • 6a · Gross rents

    personal property $20,566

  • 6c · Rental income or loss

    personal property $20,566

  • 6d · Net rental income or loss

    total $20,566 · related or exempt $20,566

  • 7a · Gross sales of assets other than inventory

    other assets $24,197

  • 7c · Gain or loss

    other assets $24,197

  • 7d · Net gain or loss

    total $24,197 · related or exempt $24,197

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total -$180,411 · related or exempt -$180,411

  • 11e · Other revenue, total

    -$180,411

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,061,167

  • 5 · Compensation of officers, directors and key employees

    total $1,239,438

  • 7 · Other salaries and wages

    total $3,934,457

  • 8 · Pension plan contributions

    total $582,382

  • 9 · Other employee benefits

    total $923,007

  • 10 · Payroll taxes

    total $342,945

  • 11b · Fees: legal

    total $123,070

  • 11c · Fees: accounting

    total $48,352

  • 11g · Fees: other

    total $299,527

  • 12 · Advertising and promotion

    total $120,236

  • 13 · Office expenses

    total $243,298

  • 14 · Information technology

    total $240,738

  • 16 · Occupancy

    total $320,344

  • 17 · Travel

    total $122,273

  • 19 · Conferences, conventions and meetings

    total $89,543

  • 20 · Interest

    total $684,286

  • 22 · Depreciation, depletion and amortization

    total $1,735,031

  • 23 · Insurance

    total $11,497

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $10,411,896 · program services $10,411,896

  • 24b · Other expenses: TRANSPORTATION EXPENSES

    total $460,327 · program services $460,327

  • 24c · Other expenses: DUES AND FEES

    total $261,912 · program services $261,912

  • 24d · Other expenses: DISTR SUPPLIES & MISC EQUIP

    total $105,024 · program services $105,024

  • 24e · All other expenses

    total $31,510

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $999,113 · end of year $957,465

  • 2 · Savings and temporary cash investments

    beginning of year $734,758 · end of year $386,370

  • 4 · Accounts receivable

    beginning of year $3,010,078 · end of year $3,278,524

  • 7 · Other notes and loans receivable

    beginning of year $225,000 · end of year $792,500

  • 8 · Inventories for sale or use

    beginning of year $1,957,951 · end of year $1,965,675

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,311,411 · end of year $1,209,287

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

    $58,431,168

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

    $29,131,495

  • 10c · Land, buildings and equipment, net

    beginning of year $28,460,361 · end of year $29,299,673

  • 13 · Investments: program-related

    beginning of year $15,601,335 · end of year $16,322,340

  • 14 · Intangible assets

    beginning of year $425,245 · end of year $455,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,914,674 · end of year $3,285,829

  • 23 · Secured mortgages and notes payable

    beginning of year $14,997,149 · end of year $16,057,017

  • 25 · Other liabilities

    beginning of year $4,415,032 · end of year $4,102,061

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

    beginning of year $23,966,086 · end of year $24,350,022

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,432,311 · end of year $6,872,498

Mission and programs · 2024

Mission

OUR MISSION: SERVING MEMBERS BY PROVIDING SAFE, RELIABLE ENERGY WITH A STRONG COOPERATIVE TRADITION AND VISION FOR THE FUTURE. OUR VISION: COMMITTED TO BECOMING OUR COMMUNITYS MOST VALUED AND TRUSTED RESOURCE.

  • DISTRIBUTION OF ELECTRICITY

As filed on the 2024 return.

Listed in Part VII

  • Michael McBride

    CEO

    Total calculated
    $476,305
    From this org
    $314,987
    From related orgs
    $0
    Other
    $161,318
    Hours/week
    44.27

    Schedule J breakdown matched by us

    Base
    $300,791
    Bonus
    $477
    Other
    $13,719
    Deferred
    $119,925
    Nontaxable benefits
    $41,393
    Filer's total
    $476,305

  • John Stoeber

    COO

    Total calculated
    $359,366
    From this org
    $203,281
    From related orgs
    $0
    Other
    $156,085
    Hours/week
    43.7

    Schedule J breakdown matched by us

    Base
    $193,868
    Bonus
    $8,852
    Other
    $561
    Deferred
    $141,568
    Nontaxable benefits
    $14,517
    Filer's total
    $359,366

  • Mark Van Der Veer

    CFO

    Total calculated
    $283,992
    From this org
    $216,922
    From related orgs
    $0
    Other
    $67,070
    Hours/week
    43.01

    Schedule J breakdown matched by us

    Base
    $208,684
    Bonus
    $5,497
    Other
    $2,741
    Deferred
    $27,905
    Nontaxable benefits
    $39,165
    Filer's total
    $283,992

  • Jeff Hanggi

    WORKING FOREMAN

    Total calculated
    $229,281
    From this org
    $159,977
    From related orgs
    $0
    Other
    $69,304
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $141,581
    Bonus
    $16,860
    Other
    $1,536
    Deferred
    $51,514
    Nontaxable benefits
    $17,790
    Filer's total
    $229,281

  • Todd Fuller

    LINE SUPERINTENDENT

    Total calculated
    $217,368
    From this org
    $148,078
    From related orgs
    $0
    Other
    $69,290
    Hours/week
    40.21

    Schedule J breakdown matched by us

    Base
    $146,956
    Bonus
    $504
    Other
    $618
    Deferred
    $32,657
    Nontaxable benefits
    $36,633
    Filer's total
    $217,368

  • Matt Feier

    STRATEGY EXECUTION SPECIALIST

    Total calculated
    $202,506
    From this org
    $146,000
    From related orgs
    $0
    Other
    $56,506
    Hours/week
    40.18

    Schedule J breakdown matched by us

    Base
    $144,875
    Bonus
    $507
    Other
    $618
    Deferred
    $19,201
    Nontaxable benefits
    $37,305
    Filer's total
    $202,506

  • Dustin Cadwell

    WORKING FOREMAN

    Total calculated
    $190,522
    From this org
    $150,039
    From related orgs
    $0
    Other
    $40,483
    Hours/week
    42.67

    Schedule J breakdown matched by us

    Base
    $143,065
    Bonus
    $6,764
    Other
    $210
    Deferred
    $26,474
    Nontaxable benefits
    $14,009
    Filer's total
    $190,522

  • Shane McGuinness

    SYSTEM ADMINISTRATOR

    Total calculated
    $181,742
    From this org
    $146,767
    From related orgs
    $0
    Other
    $34,975
    Hours/week
    40.94

    Schedule J breakdown matched by us

    Base
    $146,041
    Bonus
    $503
    Other
    $223
    Deferred
    $17,164
    Nontaxable benefits
    $17,811
    Filer's total
    $181,742

  • Michelle Lehmann

    PRESIDENT

    Total calculated
    $20,650
    From this org
    $20,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.81

  • Thomas Carl

    DIRECTOR

    Total calculated
    $19,375
    From this org
    $19,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.32

  • Darcie Perkins

    ASST SEC-TREASJAN-JULSEC-TREAS

    Total calculated
    $17,750
    From this org
    $17,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.71

  • Polly Oberosler

    DIRECTOR

    Total calculated
    $16,400
    From this org
    $16,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.64

  • Morgan Weinberg

    SECR-TREAS JAN-JUNEVICE PRES

    Total calculated
    $16,025
    From this org
    $16,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.2

  • Greg Wiggins

    VICE PRESIDENTJAN-JUNEDIRECTOR

    Total calculated
    $12,200
    From this org
    $12,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.03

  • Frank Stern

    ASST SECRETARYTREASURERJULY-DEC

    Total calculated
    $11,275
    From this org
    $11,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.88

  • Mark Daily

    DIRECTOR JAN-JUNE

    Total calculated
    $6,100
    From this org
    $6,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.79

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 · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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
2024
Filed
13 August 2025
IRS schema version
2024v5.2
Source object
202522879349301877

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