Civic Intelligence

Rushmore Electric Power Coop

EIN 46-0226551 • 501(c)12 • Rapid City, SD

View Organization Page

Profile

Wholesale power supplier to distribution company

PO Box 2414Rapid City, SD 57709

www.rushelec.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

8th percentile

0.13x

Higher debt load relative to assets than 8% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

0.93x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Net Margin

90th percentile

17%

Higher net margin than 90% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$353,416

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Asset Growth

53rd percentile

4.2%

Faster asset growth than 53% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-11%

Faster revenue growth than 7% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$79,206,939

Up $3,176,301 (+4.2%) from 2023

Liabilities

Up

$10,297,726

Up $1,308,983 (+15%) from 2023

Net Assets

Up

$68,909,213

Up $1,867,318 (+2.8%) from 2023

Operations
Liabilities / Revenue27th percentileNet Margin90th percentile

Revenue

Down

$11,018,366

Down $1,368,592 (-11%) from 2023

Expenses

Up

$9,151,048

Up $575,812 (+6.7%) from 2023

Net Income

Down

$1,867,318

Down $1,944,404 (-51%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth53rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $36,917,380Liabilities 2010: $5,900,974Net Assets 2010: $31,016,4062010Assets 2011: $37,362,597Liabilities 2011: $4,301,843Net Assets 2011: $33,060,7542011Assets 2012: $40,998,876Liabilities 2012: $5,805,483Net Assets 2012: $35,193,3932012Assets 2013: $46,207,430Liabilities 2013: $8,105,516Net Assets 2013: $38,101,9142013Assets 2014: $47,270,272Liabilities 2014: $7,147,095Net Assets 2014: $40,123,1772014Assets 2015: $49,054,242Liabilities 2015: $6,769,041Net Assets 2015: $42,285,2012015Assets 2016: $57,657,007Liabilities 2016: $9,005,999Net Assets 2016: $48,651,0082016Assets 2017: $58,449,042Liabilities 2017: $8,604,104Net Assets 2017: $49,844,9382017Assets 2018: $64,784,609Liabilities 2018: $7,561,353Net Assets 2018: $57,223,2562018Assets 2019: $64,320,597Liabilities 2019: $7,007,239Net Assets 2019: $57,313,3582019Assets 2020: $65,019,371Liabilities 2020: $6,708,229Net Assets 2020: $58,311,1422020Assets 2021: $66,615,714Liabilities 2021: $8,874,779Net Assets 2021: $57,740,9352021Assets 2022: $78,036,719Liabilities 2022: $14,806,546Net Assets 2022: $63,230,1732022Assets 2023: $76,030,638Liabilities 2023: $8,988,743Net Assets 2023: $67,041,8952023Assets 2024: $79,206,939Liabilities 2024: $10,297,726Net Assets 2024: $68,909,2132024

Highlighted filing

2024

Assets$79,206,939
Liabilities$10,297,726
Net Assets$68,909,213
Open 2024 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,232,4442010Expenses 2011: $3,524,2912011Expenses 2012: $4,037,8472012Revenue 2013: $6,745,177Expenses 2013: $3,836,656Net Income 2013: $2,908,5212013Revenue 2014: $6,729,144Expenses 2014: $4,707,881Net Income 2014: $2,021,2632014Revenue 2015: $6,729,674Expenses 2015: $4,567,650Net Income 2015: $2,162,0242015Revenue 2016: $11,119,658Expenses 2016: $4,753,851Net Income 2016: $6,365,8072016Revenue 2017: $8,419,600Expenses 2017: $7,225,670Net Income 2017: $1,193,9302017Revenue 2018: $15,095,084Expenses 2018: $7,716,766Net Income 2018: $7,378,3182018Revenue 2019: $8,122,958Expenses 2019: $8,032,856Net Income 2019: $90,1022019Revenue 2020: $8,774,347Expenses 2020: $7,776,563Net Income 2020: $997,7842020Revenue 2021: $7,530,453Expenses 2021: $8,100,660Net Income 2021: -$570,2072021Revenue 2022: $14,508,098Expenses 2022: $9,018,860Net Income 2022: $5,489,2382022Revenue 2023: $12,386,958Expenses 2023: $8,575,236Net Income 2023: $3,811,7222023Revenue 2024: $11,018,366Expenses 2024: $9,151,048Net Income 2024: $1,867,3182024

Highlighted filing

2024

Revenue$11,018,366
Expenses$9,151,048
Net Income$1,867,318
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$79,206,939
Liabilities
$10,297,726
Net assets
$68,909,213
Revenue
$11,018,366
Expenses
$9,151,048
Net income
$1,867,318
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$79.2$10.3$68.9$11.0$9.15$1.87
2023Detailed filing. Detailed filing data is available for this year.$76.0$8.99$67.0$12.4$8.58$3.81
2022Detailed filing. Detailed filing data is available for this year.$78.0$14.8$63.2$14.5$9.02$5.49
2021Detailed filing. Detailed filing data is available for this year.$66.6$8.87$57.7$7.53$8.10$0.57
2020Detailed filing. Detailed filing data is available for this year.$65.0$6.71$58.3$8.77$7.78$1.00
2019Detailed filing. Detailed filing data is available for this year.$64.3$7.01$57.3$8.12$8.03$0.09
2018Detailed filing. Detailed filing data is available for this year.$64.8$7.56$57.2$15.1$7.72$7.38
2017Detailed filing. Detailed filing data is available for this year.$58.4$8.60$49.8$8.42$7.23$1.19
2016Detailed filing. Detailed filing data is available for this year.$57.7$9.01$48.7$11.1$4.75$6.37
2015Detailed filing. Detailed filing data is available for this year.$49.1$6.77$42.3$6.73$4.57$2.16
2014Detailed filing. Detailed filing data is available for this year.$47.3$7.15$40.1$6.73$4.71$2.02
2013Detailed filing. Detailed filing data is available for this year.$46.2$8.11$38.1$6.75$3.84$2.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.0$5.81$35.2$4.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.4$4.30$33.1$3.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.9$5.90$31.0$3.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$84,801,328
Mission and Program Overview

Mission

Wholesale power supplier to distribution company

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$67,056,614$69,167,682▲ $2,111,068
Rtn Earn Endowment Incm Other Fnds$67,041,095$68,908,413▲ $1,867,318
Accounts Receivable$6,333,406$6,996,807▲ $663,401
Land, Buildings, and Equipment, Net$1,751,614$2,131,680▲ $380,066
Prepaid Expenses and Deferred Charges$313,632$332,965▲ $19,333
Other Notes and Loans Receivable, Net$216,797$318,470▲ $101,673
Savings and Temporary Cash Investments$358,575$259,335▼ $99,240
Cap Stk Tr Prin Current Funds$800$800→ $0
Total Assets$76,030,638$79,206,939▲ $3,176,301
Liabilities
Accounts Payable and Accrued Expenses$8,602,438$9,905,237▲ $1,302,799
Other Liabilities$240,995$247,179▲ $6,184
Mortgage Notes Payable Secured by Investment Property$145,310$145,310→ $0
Total Liabilities$8,988,743$10,297,726▲ $1,308,983
Net Assets / Fund Balance
Total Net Assets Fund Balance$67,041,895$68,909,213▲ $1,867,318
Total Liabilities and Net Assets / Fund Balance$76,030,638$79,206,939▲ $3,176,301

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,775,368$7,799,330$9,574,698
Buildings$150,851$848,867$999,718
Land$205,461-$205,461
Investment Program Related Org$350,816--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kory HammerbeckCEO/generalFT$257,530$95,886$353,416
Kory HammerbeckCEO/general Manager-$257,530$95,886$353,416
Cory TrappEngineeringFT$193,527$76,147$269,674
Cory TrappEngineering Manager-$193,527$76,147$269,674
Matt BrunnerCMOFT$165,536$66,444$231,980
Marccharles ZautkeCIOFT$152,861$64,158$217,019
Mark MillerCFOFT$128,031$62,715$190,746
Justin BricknerSecretary-$9,250-$9,250
Tom SchlackDirector-$8,000-$8,000
Dwight RossowPresident-$7,100-$7,100
Jamie LewisDirector-$7,000-$7,000
Kerry MclellanDirector-$7,000-$7,000
Dave LindblomVice Preside-$6,000-$6,000
Dan HefnerTreasurer-$5,500-$5,500
Mike McquistionDirector-$4,500-$4,500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,044,716
Investment Income
$204,925
Other Revenue
$4,768,725
Change in Net Assets
$1,867,318

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,415,857
Revenue Not Reported on Financial Statements
$602,509
Revenue Not Reported on Form 990
$73,808,762
Other Revenue Adjustments
$602,509
Total Revenue per Audited Statements
$84,224,619
Total Revenue per Form 990
$11,018,366
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,776,881
Other Expenses$2,514,403
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$2,859,764
Other Salaries and Wages---$2,412,326
Information Technology---$871,478
Pension Plan Contributions---$655,038
Depreciation Depletion---$513,251
Current Officers, Directors, Trustees, and Key Employees---$407,766
Payroll Taxes---$181,187
Advertising---$156,399
Conferences and Meetings---$134,172
Other Employee Benefits---$120,564
Occupancy---$119,737
Fees for Services Legal---$98,658
Travel---$84,369
Fees for Services Other---$70,553
Other Expenses---$49,937
Office Expenses---$47,424
Fees for Services Accounting---$23,576
Total Functional Expenses$0$0$0$9,151,048

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$79,497,537
Expenses Not Reported on Form 990$73,808,762
Total Expenses per Form 990$9,151,048
Expenses per Audited Statements$5,688,775
Expenses Not Reported on Financial Statements$3,462,273
Other Expense Adjustments$3,462,273
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Past Service Cost$247,179
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“There are eight member cooperatives, each of which has one representative that is a voting member of our board of directors.”

Form 990, Page 6, Part VI, Line 7A

“Each member cooperative elects one of their board of directors to be on the board of directors of rushmore electric power cooperative.”

Form 990, Page 6, Part VI, Line 11B

“Management has an outside cpa firm prepare the form 990. A copy is provided to the board of directors to review before filing. Management reviews and approves the form 990 before filing.”

Form 990, Page 6, Part VI, Line 12C

“The general manager and board of directors are responsible for monitoring and enforcing the conflict of interest policy at all committee and board meetings.”

Form 990, Page 6, Part VI, Line 15A

“A yearly compensation study is prepared by the national rural electric cooperative association. The study includes national, regional, state and local wage comparisons for each position in the cooperative. The board of directors reviews and approves the compensation of the general manager. Documentation of comparable data is maintained.”

Form 990, Page 6, Part VI, Line 15B

“The general manager also assumes the role of finance officer.”

Form 990, Page 6, Part VI, Line 19

“Upon written request the cooperative will mail out annual reports, rus reports and the articles of incorporation to non-members. Members can receive the articles of incorporation, bylaws, board policies, wholesale rate schedule, audit reports, management audits, power billing data, engineering studies, load studies, annual reports, rus reports and rate studies.”

Filing and Contact Details

Filer

Filer Name
Rushmore Electric Power Coop
EIN
46-0226551
Phone
6053424759
Address
PO BOX 2414, RAPID CITY, SD 57709

Signing Officer

Name
Kory Hammerbeck
Title
CEO/general Manager
Phone
6053424759
Signed
2025-11-17

Organization Details

Principal Officer
Kory Hammerbeck
Formed
1950
Legal Domicile
Sd
Voting Board Members
8
Independent Board Members
8
Employees
31

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Traci Hanson CPA
Phone
6053425630
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“At december 31, 2024, the cooperative believes no significant uncertain tax positions or liabilities exist.”

Schedule D, Page 4, Part XI, Line 2D

“Inter-company eliminating activity - engineering 25,800 cost of power 73,767,878 rci rent 15,084”

Schedule D, Page 4, Part XI, Line 4B

“Leased employees 313,705 admin fee 3,000 payroll reimburse-rci 285,804”

Schedule D, Page 4, Part XII, Line 2D

“Cost of power 73,767,878 inter-company eliminating activity - engineering 25,800 rci rent 15,084”

Schedule D, Page 4, Part XII, Line 4B

“Leased employees 313,705 admin fee 3,000 payroll reim-rci 285,804 retirement of capital credits 2,859,764”

Raw XML AppendixShowing 400 of 528 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt4CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
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IRS990/ProgramServiceRevenueGrp/Desc1ENGINEERING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER CAPITAL CREDITS
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt014560
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt067041095
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt068908413
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0358575
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0259335
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0150851
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0848867
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0999718
IRS990ScheduleD/EquipmentGrp/BookValueAmt01775368
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07799330
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09574698
IRS990ScheduleD/ExpensesNotReportedAmt073808762
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt03462273
IRS990ScheduleD/ExpensesSubtotalAmt05688775
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt14145552
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2386692
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3350816
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL CREDITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1BASIN ELECTRIC COMMERCIAL PAPER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CAPITAL TERM CERTS-OTHER COOPS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT IN RUSHMORE COMMUNICATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt0205461
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0205461
IRS990ScheduleD/OtherExpensesIncludedAmt073808762
IRS990ScheduleD/OtherExpensesNotIncludedAmt03462273
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0247179
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAST SERVICE COST
IRS990ScheduleD/OtherRevenueAmt073808762
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0602509
IRS990ScheduleD/RevenueNotReportedAmt073808762
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0602509
IRS990ScheduleD/RevenueSubtotalAmt010415857
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AT DECEMBER 31, 2024, THE COOPERATIVE BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTER-COMPANY ELIMINATING ACTIVITY - ENGINEERING 25,800 COST OF POWER 73,767,878 RCI RENT 15,084
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LEASED EMPLOYEES 313,705 ADMIN FEE 3,000 PAYROLL REIMBURSE-RCI 285,804
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3COST OF POWER 73,767,878 INTER-COMPANY ELIMINATING ACTIVITY - ENGINEERING 25,800 RCI RENT 15,084
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4LEASED EMPLOYEES 313,705 ADMIN FEE 3,000 PAYROLL REIM-RCI 285,804 RETIREMENT OF CAPITAL CREDITS 2,859,764
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalBookValueProgramRltdAmt069167682
IRS990ScheduleD/TotalExpensesPerForm990Amt09151048
IRS990ScheduleD/TotalLiabilityAmt0247179
IRS990ScheduleD/TotalRevenuePerForm990Amt011018366
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt430835
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt431880
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KORY HAMMERBECK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CORY TRAPP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MATT BRUNNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MARCCHARLES ZAUTKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4MARK MILLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ENGINEERING MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CMO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3CIO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4CFO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE EIGHT MEMBER COOPERATIVES, EACH OF WHICH HAS ONE REPRESENTATIVE THAT IS A VOTING MEMBER OF OUR BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER COOPERATIVE ELECTS ONE OF THEIR BOARD OF DIRECTORS TO BE ON THE BOARD OF DIRECTORS OF RUSHMORE ELECTRIC POWER COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT HAS AN OUTSIDE CPA FIRM PREPARE THE FORM 990. A COPY IS PROVIDED TO THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. MANAGEMENT REVIEWS AND APPROVES THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GENERAL MANAGER AND BOARD OF DIRECTORS ARE RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY AT ALL COMMITTEE AND BOARD MEETINGS.

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