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Nonprofiteer
← NORTH WEST RURAL ELECTRIC COOPERATIVE

Form 990 for tax year 2025

Filed by NORTH WEST RURAL ELECTRIC COOPERATIVE.

Totals

Total revenue
$66,653,437
Total expenses
$65,271,074
Contributions and grants received
$0
Grants paid
$53,725
Program service revenue
$66,258,037
Investment income
$314,946
Other revenue
$80,454
Total assets, end of year
$157,482,544
Total liabilities, end of year
$83,791,388
Net assets or fund balances, end of year
$73,691,156
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: SALE OF POWER

    total $63,257,740 · related or exempt $63,257,740

  • 2b · Program service revenue: CAPITAL CREDITS

    total $3,072,660 · related or exempt $3,072,660

  • 2c · Program service revenue: EQUITY EARNINGS

    total -$72,363 · related or exempt -$72,363

  • 3 · Investment income

    total $296,116 · excluded $296,116

  • 7a · Gross sales of assets other than inventory

    other assets $18,830

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

    other assets $0

  • 7c · Gain or loss

    other assets $18,830

  • 7d · Net gain or loss

    total $18,830 · excluded $18,830

  • 10a · Gross sales of inventory

    $374,201

  • 10b · Cost of goods sold

    $363,074

  • 10c · Net income from sales of inventory

    total $11,127 · related or exempt $11,127

  • 11a · Other revenue: MISC.NON-OP.REVENUE -

    total $69,739 · excluded $69,739

  • 11b · Other revenue: INCOME (LOSS) FROM LLC

    total -$412 · unrelated business -$412

  • 11e · Other revenue, total

    $69,327

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,725

  • 4 · Benefits paid to or for members

    total $3,100,000

  • 5 · Compensation of officers, directors and key employees

    total $690,737

  • 6 · Compensation of disqualified persons

    total $12,025

  • 7 · Other salaries and wages

    total $3,736,358

  • 8 · Pension plan contributions

    total $674,435

  • 10 · Payroll taxes

    total $314,357

  • 20 · Interest

    total $2,747,118

  • 22 · Depreciation, depletion and amortization

    total $3,553,754

  • 24a · Other expenses: COST OF POWER

    total $49,312,824

  • 24b · Other expenses: ADMIN & GENERAL

    total $1,915,100

  • 24c · Other expenses: DISTRIBUTION-MAINTENANC

    total $1,809,668

  • 24d · Other expenses: DISTRIBUTION-OPERATIONS

    total $1,688,890

  • 24e · All other expenses

    total -$4,337,917

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,327,901 · end of year $7,226,259

  • 4 · Accounts receivable

    beginning of year $8,455,653 · end of year $9,559,938

  • 7 · Other notes and loans receivable

    beginning of year $7,604,128 · end of year $7,496,709

  • 8 · Inventories for sale or use

    beginning of year $2,640,036 · end of year $1,938,629

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,791 · end of year $74,732

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

    $122,579,657

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

    $32,859,828

  • 10c · Land, buildings and equipment, net

    beginning of year $85,628,139 · end of year $89,719,829

  • 11 · Investments: publicly traded securities

    beginning of year $43,315 · end of year $43,180

  • 12 · Investments: other securities

    beginning of year $2,215,117 · end of year $2,617,754

  • 13 · Investments: program-related

    beginning of year $37,285,495 · end of year $38,703,782

  • 14 · Intangible assets

    beginning of year $51,013 · end of year $51,013

  • 15 · Other assets

    beginning of year $36,192 · end of year $50,719

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,623,114 · end of year $5,965,573

  • 23 · Secured mortgages and notes payable

    beginning of year $60,539,029 · end of year $64,517,624

  • 24 · Unsecured notes and loans payable

    beginning of year $5,000,000 · end of year $5,000,000

  • 25 · Other liabilities

    beginning of year $10,798,491 · end of year $8,308,191

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $70,400,146 · end of year $73,691,156

Mission and programs · 2025

Mission

WE WILL SAFELY AND EFFICIENTLY PROVIDE RELIABLE AND AFFORDABLE ELECTRIC SERVICE TO OUR MEMBERS.

Activities or mission (Part I)

PROVIDE ELECTRICITY TO ITS MEMBERS.

  • PURCHASE AND DISTRIBUTION OF ELECTRIC POWER TO MEMBERS. NORTH WEST REC SERVES 7,397 MEMBERS OVER 3,740 MILES OF LINE.

As filed on the 2025 return.

Listed in Part VII

  • Jeff Rehder

    PRESIDENT

    Total calculated
    $10,900
    From this org
    $10,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Dale Ullrich

    VICE PRESIDENT

    Total calculated
    $8,675
    From this org
    $8,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Steve Brown

    SECRETARY

    Total calculated
    $8,805
    From this org
    $8,805
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Tom Wagner

    TREASURER

    Total calculated
    $8,880
    From this org
    $8,880
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Shirley Schroeder

    ASSISTANT SECRETARY/TREASURER

    Total calculated
    $11,570
    From this org
    $11,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Steve Abma

    DIRECTOR

    Total calculated
    $9,205
    From this org
    $9,205
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Douglas Becker

    DIRECTOR (UNTIL MAR 2025)

    Total calculated
    $1,300
    From this org
    $1,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dave Bosma

    DIRECTOR

    Total calculated
    $8,295
    From this org
    $8,295
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Scott Feuerhelm

    DIRECTOR

    Total calculated
    $6,980
    From this org
    $6,980
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Dan Hoffman

    DIRECTOR

    Total calculated
    $8,655
    From this org
    $8,655
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Dan Van Beek

    DIRECTOR

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Bruggeman

    DIRECTOR (AS OD APR 2025)

    Total calculated
    $6,355
    From this org
    $6,355
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lyle D Korver

    CEO

    Total calculated
    $376,356
    From this org
    $310,395
    From related orgs
    $0
    Other
    $65,961
    Hours/week
    43.9

    Schedule J breakdown matched by us

    Base
    $296,700
    Bonus
    $0
    Other
    $13,695
    Deferred
    $45,867
    Nontaxable benefits
    $22,370
    Filer's total
    $378,632

  • Curtis F Ahrenholz

    FINANCE DIRECTOR

    Total calculated
    $192,656
    From this org
    $152,817
    From related orgs
    $0
    Other
    $39,839
    Hours/week
    41.3

    Schedule J breakdown matched by us

    Base
    $148,791
    Bonus
    $0
    Other
    $4,026
    Deferred
    $17,491
    Nontaxable benefits
    $23,664
    Filer's total
    $193,972

  • Douglas J Alons

    OPERATIONS DIRECTOR

    Total calculated
    $175,863
    From this org
    $143,342
    From related orgs
    $0
    Other
    $32,521
    Hours/week
    40.2

    Schedule J breakdown matched by us

    Base
    $141,919
    Bonus
    $0
    Other
    $1,423
    Deferred
    $8,080
    Nontaxable benefits
    $25,720
    Filer's total
    $177,142

  • Derrick W Haak

    ASSISTANT OPERATIONS DIRECTOR

    Total calculated
    $166,137
    From this org
    $132,204
    From related orgs
    $0
    Other
    $33,933
    Hours/week
    40.2

    Schedule J breakdown matched by us

    Base
    $131,790
    Bonus
    $0
    Other
    $414
    Deferred
    $6,069
    Nontaxable benefits
    $29,034
    Filer's total
    $167,307

  • Robert J Driesen

    MEMBER SERVICES DIRECTOR

    Total calculated
    $163,844
    From this org
    $129,538
    From related orgs
    $0
    Other
    $34,306
    Hours/week
    40.5

    Schedule J breakdown matched by us

    Base
    $127,806
    Bonus
    $0
    Other
    $1,732
    Deferred
    $6,622
    Nontaxable benefits
    $28,822
    Filer's total
    $164,982

  • Michael A Berkenpas

    OPERATIONS FIELD SUPERVISOR

    Total calculated
    $168,002
    From this org
    $135,723
    From related orgs
    $0
    Other
    $32,279
    Hours/week
    44.6

    Schedule J breakdown matched by us

    Base
    $135,486
    Bonus
    $0
    Other
    $237
    Deferred
    $5,381
    Nontaxable benefits
    $27,896
    Filer's total
    $169,000

  • Anthony J Rolfes

    LEAD LINEMAN

    Total calculated
    $159,402
    From this org
    $126,360
    From related orgs
    $0
    Other
    $33,042
    Hours/week
    43.9

    Schedule J breakdown matched by us

    Base
    $126,135
    Bonus
    $0
    Other
    $225
    Deferred
    $4,878
    Nontaxable benefits
    $29,113
    Filer's total
    $160,351

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)

SCHEDULE J, PART II, COLUMN C
PER THE INSTRUCTIONS FOR FORM 990, SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN RATHER THAN THE ACTUAL COST OF THE BENEFIT.

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

Provenance

Return type
form_990
Tax year
2025
Filed
8 June 2026
IRS schema version
2025v4.1
Source object
202641599349301139

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