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Nonprofiteer
← ROUGHRIDER ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by ROUGHRIDER ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$84,182,001
Total expenses
$84,182,001
Contributions and grants received
$0
Grants paid
$36,859
Program service revenue
$79,610,158
Investment income
$343,950
Other revenue
$4,227,893
Total assets, end of year
$323,177,927
Total liabilities, end of year
$186,586,841
Net assets or fund balances, end of year
$136,591,086
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: ELECTRIC SALES

    total $77,230,668 · related or exempt $77,230,668

  • 2b · Program service revenue: SOUTHWEST POWER POOL

    total $2,204,928 · related or exempt $2,204,928

  • 2c · Program service revenue: QUALIFIED POLE RENTALS

    total $174,562 · excluded $174,562

  • 3 · Investment income

    total $326,767 · excluded $326,767

  • 7a · Gross sales of assets other than inventory

    other assets $17,183

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

    other assets $0

  • 7c · Gain or loss

    other assets $17,183

  • 7d · Net gain or loss

    total $17,183 · related or exempt $17,183

  • 10a · Gross sales of inventory

    $4,061

  • 10b · Cost of goods sold

    $7,359

  • 10c · Net income from sales of inventory

    total -$3,298 · unrelated business -$3,298

  • 11a · Other revenue: CAPITAL CREDITS

    total $3,920,834 · related or exempt $3,920,834

  • 11b · Other revenue: OTHER

    total $375,744 · related or exempt $375,744

  • 11c · Other revenue: K-1 WDUS HOLDINGS

    total -$65,387 · unrelated business -$65,387

  • 11e · Other revenue, total

    $4,231,191

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,859

  • 4 · Benefits paid to or for members

    total $12,282,186

  • 5 · Compensation of officers, directors and key employees

    total $82,600

  • 7 · Other salaries and wages

    total $654,437

  • 8 · Pension plan contributions

    total $843,666

  • 11a · Fees: management

    total $465,583

  • 20 · Interest

    total $4,747,839

  • 22 · Depreciation, depletion and amortization

    total $7,209,811

  • 24a · Other expenses: COST OF POWER

    total $49,066,229

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $2,564,823

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $2,463,978

  • 24d · Other expenses: ADMINISTRATIVE AND GENE

    total $1,043,850

  • 24e · All other expenses

    total $2,720,140

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,866,438 · end of year $3,833,072

  • 2 · Savings and temporary cash investments

    beginning of year $7,852,804 · end of year $2,856,899

  • 4 · Accounts receivable

    beginning of year $8,333,507 · end of year $8,971,553

  • 7 · Other notes and loans receivable

    beginning of year $72,592 · end of year $39,258

  • 8 · Inventories for sale or use

    beginning of year $6,544,866 · end of year $10,618,302

  • 9 · Prepaid expenses and deferred charges

    beginning of year $417,545 · end of year $641,713

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

    $321,901,089

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

    $71,422,389

  • 10c · Land, buildings and equipment, net

    beginning of year $244,265,249 · end of year $250,478,700

  • 12 · Investments: other securities

    beginning of year $44,130,163 · end of year $45,738,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,602,169 · end of year $7,250,013

  • 23 · Secured mortgages and notes payable

    beginning of year $178,281,203 · end of year $176,711,419

  • 25 · Other liabilities

    beginning of year $2,595,343 · end of year $2,625,409

  • 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 $129,004,449 · end of year $136,591,086

Mission and programs · 2023

Mission

MEMBERSHIPWE WILL PLACE THE MEMBER FIRST IN DETERMINING POLICIES AND PROCEDURES.WE WILL STRIVE TO KEEP THE MEMBERSHIP INFORMED AND INVOLVED IN THEIR COOPERATIVE.SERVICEWE ARE COMMITTED AT EVERY LEVEL TO MAINTAIN AND PROVIDE THE HIGHEST STANDARD OF SERVICE.FINANCIAL WE ARE COMMITTED TO KEEPING THE COOPERATIVE FINANCIALLY STRONG THROUGH PRUDENT BUSINESS PRACTICES.GROWTHWE WILL REMAIN OPEN TO OPPORTUNITIES FOR GROWTH WHICH WILL BENEFIT THE MEMBERSHIP.EMPLOYEESWE RECOGNIZE OUR EMPLOYEES AS AN IMPORTANT ASSET OF THE COOPERATIVE.WE WILL PROVIDE AN ATMOSPHERE WHERE ALL EMPLOYEES CAN PERFORM AT THEIR MAXIMUM POTENTIAL AND ABILITY.BOARD AND MANAGEMENTTHE BOARD AND MANAGEMENT ARE COMMITTED TO BEING INNOVATIVE, INFORMED AND PROGRESSIVE IN THEIR ROLE AS LEADERS OF THE COOPERATIVE AND THE AREA IT SERVES. WE, THE BOARD OF DIRECTORS, MANAGEMENT AND EMPLOYEES, ARE COMMITTED IN A UNITED EFFORT TO CARRY OUT THIS MISSION.

Activities or mission (Part I)

THE ORGANIZATION DELIVERS ELECTRIC ENERGY TO MEMBERS.

  • THE COOPERATIVE IS A DISTRIBUTION ELECTRIC UTILITY SERVING CUSTOMERS IN SIX COUNTIES.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Steckler

    PRESIDENT

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Roger Kudrna

    VICE PRESIDENT

    Total calculated
    $12,300
    From this org
    $12,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • Troy Sailer

    SECRETARY

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.71

  • Bruce Darcy

    TREASURER

    Total calculated
    $7,650
    From this org
    $7,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4

  • Jesse Flath

    DIRECTOR

    Total calculated
    $7,600
    From this org
    $7,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.59

  • Callen Schoch

    DIRECTOR

    Total calculated
    $10,050
    From this org
    $10,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.71

  • Darell Herman

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.81

  • Dan Price

    DIRECTOR

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.31

  • Arnold Kainz

    DIRECTOR

    Total calculated
    $9,750
    From this org
    $9,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.25

  • Travis Kupper Iea

    CO-MANAGER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Jason Bentz Iea

    CO-MANAGER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Alex Craigmile Iea

    CFO

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Shawn Olson

    OPERATIONS MANAGER/ CHIEF OF STAFF

    Total calculated
    $236,014
    From this org
    $139,097
    From related orgs
    $0
    Other
    $96,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,097
    Bonus
    $0
    Other
    $0
    Deferred
    $65,308
    Nontaxable benefits
    $31,609
    Filer's total
    $236,014

  • Laurie Miller

    MAPPING/DATABASE ADMIN

    Total calculated
    $213,440
    From this org
    $132,716
    From related orgs
    $0
    Other
    $80,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,716
    Bonus
    $0
    Other
    $0
    Deferred
    $49,093
    Nontaxable benefits
    $31,631
    Filer's total
    $213,440

  • Leonard H Hibl

    DIRECTOR-MEMBER SERVICES

    Total calculated
    $212,234
    From this org
    $142,241
    From related orgs
    $0
    Other
    $69,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,241
    Bonus
    $0
    Other
    $0
    Deferred
    $50,830
    Nontaxable benefits
    $19,163
    Filer's total
    $212,234

  • Russel Walters

    JOURNEYMAN LINEMAN

    Total calculated
    $210,591
    From this org
    $116,445
    From related orgs
    $0
    Other
    $94,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,445
    Bonus
    $0
    Other
    $0
    Deferred
    $63,701
    Nontaxable benefits
    $30,445
    Filer's total
    $210,591

  • Brock Swensrud

    WORKING FOREMAN

    Total calculated
    $195,728
    From this org
    $135,039
    From related orgs
    $0
    Other
    $60,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,039
    Bonus
    $0
    Other
    $0
    Deferred
    $30,095
    Nontaxable benefits
    $30,594
    Filer's total
    $195,728

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

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WDUS HOLDINGS LLC

    UNRELATED · POWER LINE CONSTRUCTION AND MAINTENANCE · ND · 33.33% owned · share of income -$118,886 · share of assets $917,904 · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2024
IRS schema version
2023v5.1
Source object
202442209349300619

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