Civic Intelligence

Dakota Energy Cooperative Inc

EIN 46-0434317 • 501(c)12 • Huron, SD

Profile

Service for your way of life

PO Box 830Huron, SD 57350

www.dakotaenergy.coop

Siviq Scores

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

Liabilities / Assets

68th percentile

0.57x

Higher debt load relative to assets than 68% of similar nonprofits.

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

Liabilities / Revenue

47th percentile

1.31x

Higher debt load relative to revenue than 47% of similar nonprofits.

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

Net Margin

74th percentile

6.1%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

51st percentile

$281,810

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

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

Asset Growth

46th percentile

3.4%

Faster asset growth than 46% of similar nonprofits.

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

Revenue Growth

41st percentile

2.4%

Faster revenue growth than 41% of similar nonprofits.

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

Assets

Up

$64,983,574

Up $2,113,194 (+3.4%) from 2023

Liabilities

Up

$37,050,216

Up $330,099 (+0.9%) from 2023

Net Assets

Up

$27,933,358

Up $1,783,095 (+6.8%) from 2023

Revenue

Up

$28,315,150

Up $655,509 (+2.4%) from 2023

Expenses

Up

$26,587,804

Up $1,252,847 (+4.9%) from 2023

Net Income

Down

$1,727,346

Down $597,338 (-26%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $32,755,478Liabilities 2010: $22,929,558Net Assets 2010: $9,825,9202010Assets 2011: $36,145,262Liabilities 2011: $26,016,070Net Assets 2011: $10,129,1922011Assets 2012: $33,619,222Liabilities 2012: $22,633,188Net Assets 2012: $10,986,0342012Assets 2013: $37,084,076Liabilities 2013: $25,246,757Net Assets 2013: $11,837,3192013Assets 2014: $39,239,172Liabilities 2014: $26,651,509Net Assets 2014: $12,587,6632014Assets 2015: $41,676,164Liabilities 2015: $28,474,452Net Assets 2015: $13,201,7122015Assets 2016: $44,227,832Liabilities 2016: $29,611,516Net Assets 2016: $14,616,3162016Assets 2017: $46,636,862Liabilities 2017: $30,507,399Net Assets 2017: $16,129,4632017Assets 2018: $50,317,903Liabilities 2018: $31,702,031Net Assets 2018: $18,615,8722018Assets 2019: $52,881,600Liabilities 2019: $33,131,094Net Assets 2019: $19,750,5062019Assets 2020: $54,873,317Liabilities 2020: $33,749,618Net Assets 2020: $21,123,6992020Assets 2021: $57,340,254Liabilities 2021: $35,255,126Net Assets 2021: $22,085,1282021Assets 2022: $60,692,155Liabilities 2022: $36,946,292Net Assets 2022: $23,745,8632022Assets 2023: $62,870,380Liabilities 2023: $36,720,117Net Assets 2023: $26,150,2632023Assets 2024: $64,983,574Liabilities 2024: $37,050,216Net Assets 2024: $27,933,3582024

Highlighted filing

2024

Assets$64,983,574
Liabilities$37,050,216
Net Assets$27,933,358

Operations Trend

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

$30M$20M$10M$0Expenses 2010: $11,885,2142010Expenses 2011: $15,069,9352011Revenue 2012: $17,653,893Expenses 2012: $17,638,242Net Income 2012: $15,6512012Revenue 2013: $19,703,030Expenses 2013: $19,671,677Net Income 2013: $31,3532013Revenue 2014: $20,330,394Expenses 2014: $20,330,394Net Income 2014: $02014Revenue 2015: $20,284,049Expenses 2015: $20,284,049Net Income 2015: $02015Revenue 2016: $23,164,305Expenses 2016: $23,164,304Net Income 2016: $12016Revenue 2017: $25,136,954Expenses 2017: $25,136,954Net Income 2017: $02017Revenue 2018: $26,940,536Expenses 2018: $26,940,536Net Income 2018: $02018Revenue 2019: $24,818,294Expenses 2019: $23,413,449Net Income 2019: $1,404,8452019Revenue 2020: $24,199,442Expenses 2020: $22,872,193Net Income 2020: $1,327,2492020Revenue 2021: $26,541,158Expenses 2021: $25,623,330Net Income 2021: $917,8282021Revenue 2022: $25,787,850Expenses 2022: $24,205,129Net Income 2022: $1,582,7212022Revenue 2023: $27,659,641Expenses 2023: $25,334,957Net Income 2023: $2,324,6842023Revenue 2024: $28,315,150Expenses 2024: $26,587,804Net Income 2024: $1,727,3462024

Highlighted filing

2024

Revenue$28,315,150
Expenses$26,587,804
Net Income$1,727,346

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$65.0$37.1$27.9$28.3$26.6$1.73
2023Detailed filing. Detailed filing data is available for this year.$62.9$36.7$26.2$27.7$25.3$2.32
2022Detailed filing. Detailed filing data is available for this year.$60.7$36.9$23.7$25.8$24.2$1.58
2021Detailed filing. Detailed filing data is available for this year.$57.3$35.3$22.1$26.5$25.6$0.92
2020Detailed filing. Detailed filing data is available for this year.$54.9$33.7$21.1$24.2$22.9$1.33
2019Detailed filing. Detailed filing data is available for this year.$52.9$33.1$19.8$24.8$23.4$1.40
2018Detailed filing. Detailed filing data is available for this year.$50.3$31.7$18.6$26.9$26.9$0.00
2017Detailed filing. Detailed filing data is available for this year.$46.6$30.5$16.1$25.1$25.1$0.00
2016Detailed filing. Detailed filing data is available for this year.$44.2$29.6$14.6$23.2$23.2$0.00
2015Detailed filing. Detailed filing data is available for this year.$41.7$28.5$13.2$20.3$20.3$0.00
2014Detailed filing. Detailed filing data is available for this year.$39.2$26.7$12.6$20.3$20.3$0.00
2013Detailed filing. Detailed filing data is available for this year.$37.1$25.2$11.8$19.7$19.7$0.03
2012Summary only. Only limited summary data is available for this year.$33.6$22.6$11.0$17.7$17.6$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.1$26.0$10.1$15.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.8$22.9$9.83$11.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 16, 2025
Return Version
2024v5.0
Gross Receipts
$29,515,006
Mission and Program Overview

Mission

Service for your way of life.

Service for your way of life

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,325,525$40,801,637▲ $1,476,112
Rtn Earn Endowment Incm Other Fnds$26,150,263$27,933,358▲ $1,783,095
Investments Program Related$16,989,951$17,883,780▲ $893,829
Accounts Receivable$2,578,775$2,658,232▲ $79,457
Inventories for Sale or Use$1,310,995$1,644,286▲ $333,291
Savings and Temporary Cash Investments$1,253,026$930,504▼ $322,522
Prepaid Expenses and Deferred Charges$862,144$615,179▼ $246,965
Other Notes and Loans Receivable, Net$549,964$449,956▼ $100,008
Total Assets$62,870,380$64,983,574▲ $2,113,194
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,194,142$32,008,131▲ $813,989
Accounts Payable and Accrued Expenses$2,493,622$2,552,767▲ $59,145
Other Liabilities$3,032,353$2,489,318▼ $543,035
Total Liabilities$36,720,117$37,050,216▲ $330,099
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,150,263$27,933,358▲ $1,783,095
Total Liabilities and Net Assets / Fund Balance$62,870,380$64,983,574▲ $2,113,194

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,765,004$18,390,202$57,155,206
Buildings$1,699,955$839,176$2,539,131
Other Land Buildings$308,141-$308,141
Land$28,537-$28,537
Investment Program Related Org$100--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad FeldermanGeneral ManaFT$164,778$117,032$281,810
Chad FeldermanGeneral Manager/CEO-$164,778$117,032$281,810
Matt ZomerManager of OFT$112,372$141,991$254,363
Matt ZomerManager of Operation-$112,372$141,991$254,363
Jodene DeckerManager of HFT$107,639$90,082$197,721
Jodene DeckerManager of Hr-$107,639$90,082$197,721
Brandon MooreJourneymanFT$102,371$79,264$181,635
Darrell RasckePresidentPT$14,507-$14,507
Nick NemecVice PresidePT$13,707-$13,707
Brian BaumDirector-$10,907-$10,907
Doug SchaefersDirector-$10,307-$10,307
Brian BonebrightTreasurer-$9,507-$9,507
Tommy BaruthSecretary-$7,307-$7,307
Daniel LangbehnDirector-$7,011-$7,011
Jd WangsnessDirector-$5,011-$5,011
Chad DearbornDirector-$4,297-$4,297
Chase BingerDirectorPT$3,697-$3,697
Joann MorfordDirector-$3,650-$3,650
Todd BushongDirector-$3,622-$3,622

Highest Paid Contractors

ContractorServicesLocationCompensation
Larson Digging INCConstruction601 LINCOLN AVE NW, Huron, SD 57350$277,820
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$28,128,806
Investment Income
$13,299
Other Revenue
$173,045
Change in Net Assets
$1,727,346

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,315,151
Revenue Not Reported on Financial Statements
$-1
Other Revenue Adjustments
$-1
Total Revenue per Audited Statements
$28,315,151
Total Revenue per Form 990
$28,315,150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,168,633
Salaries, Compensation, and Employee Benefits$3,863,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,101,141
Depreciation Depletion---$2,089,860
Interest---$1,319,590
Other Expenses---$690,601
Pension Plan Contributions---$678,539
Other Employee Benefits---$565,911
Benefits to Members---$555,306
Current Officers, Directors, Trustees, and Key Employees---$354,525
Payroll Taxes---$163,749
All Other Expenses---$-3,863,865
Total Functional Expenses$0$0$0$26,587,804

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$26,587,804
Expenses per Audited Statements$26,032,500
Total Expenses per Audited Statements$26,032,500
Expenses Not Reported on Financial Statements$555,304
Other Expense Adjustments$555,304
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
Deferred Credits$2,463,739
Customer Deposits$23,982
Accumulated Post-retirement Benefits$1,597
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Dakota energy cooperative has members.

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

The members vote annually on the board of directors who have three year terms.

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

Bylaw amendments need to be voted on by membership.

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

The ceo and the board of directors will review the form 990 at the regular monthly board meeting.

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

All employees and directors are covered by this policy. Determination of conflicts are made at the senior staff, ceo and director levels. Conflicts are reviewed by the ceo and the board of directors, along with the cooperative's legal counsel. The restrictions are imposed in a number of different ways. First, the conflict of interest policy prohibits conflicts. Second, if a conflict arises for an employee, the employee discipline policy is followed for restrictions. Third, if a conflict arises for a director, the by-laws are followed for discipline and/or restrictions.

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

An outside independent consultant was used and a market survey was performed. The process was last completed in 2022.

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

An outside independent consultant was used and a market survey was preformed. The process was last completed in 2022.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Dakota Energy Cooperative Inc
EIN
46-0434317
Phone
6053528591
Address
PO BOX 830, HURON, SD 57350

Signing Officer

Name
Chad Felderman
Title
General Manager/CEO
Phone
6053528591
Signed
2025-07-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Felderman
Formed
1995
Legal Domicile
Sd
Voting Board Members
12
Independent Board Members
12
Employees
28

Preparer

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

Additional Explanations

Form 990

The cooperative has included the patronage capital retired on part ix, line 4. The net margin for 2024 was properly allocated to members in accordance with cooperative by-laws.

Form 990, Part XI, Line 9

Change in other equities 55,749

Financial Statement Notes

Schedule D, Page 3, Part X

The cooperative is exempt from federal income tax under section 501(c)(12) of the internal revenue code. The cooperative has met the requirement that more than 85 percent of its revenue be from its members. The state of south dakota does not have an income tax law. At december 31, 2024, the cooperative believes no significant uncertain tax positions or liabilities exist.

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

ROUNDING -1

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

Retirement of capital credits 555,306 rounding -2

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IRS990/Form990PartVIISectionAGrp/TitleTxt0GENERAL MANA
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IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE HAS MET THE REQUIREMENT THAT MORE THAN 85 PERCENT OF ITS REVENUE BE FROM ITS MEMBERS. THE STATE OF SOUTH DAKOTA DOES NOT HAVE AN INCOME TAX LAW. AT DECEMBER 31, 2024, THE COOPERATIVE BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING -1
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RETIREMENT OF CAPITAL CREDITS 555,306 ROUNDING -2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3BRANDON MOORE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MANAGER OF OPERATION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2MANAGER OF HR
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