Civic Intelligence

Big Horn County Electric Cooperative Inc

990 • Fiscal year 2015 • EIN 81-0111221

Jan 01, 2015 to Dec 31, 2015 • Filed on May 06, 2016

PO Box 410Hardin, MT 59034-0410

(406) 665-2830

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.58x

Higher debt load relative to assets than 79% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

1.40x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Net Margin

18th percentile

-1.8%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

69th percentile

$143,116

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Asset Growth

85th percentile

8.9%

Faster asset growth than 85% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

50th percentile

1.5%

Faster revenue growth than 50% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$16,113,623

Up $1,314,010 (+8.9%) from 2014

Net Assets

Down

$6,762,806

Down $120,006 (-1.7%) from 2014

Liabilities

Up

$9,350,817

Up $1,434,016 (+18%) from 2014

Revenue

Up

$6,672,015

Up $96,147 (+1.5%) from 2014

Expenses

Up

$6,792,021

Up $20,124 (+0.3%) from 2014

Net Income

Up

-$120,006

Up $76,023 (+39%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $13,910,062Liabilities 2011: $6,672,039Net Assets 2011: $7,238,0232011Assets 2012: $14,204,588Liabilities 2012: $6,881,783Net Assets 2012: $7,322,8052012Assets 2013: $14,174,180Liabilities 2013: $7,095,339Net Assets 2013: $7,078,8412013Assets 2014: $14,799,613Liabilities 2014: $7,916,801Net Assets 2014: $6,882,8122014Assets 2015: $16,113,623Liabilities 2015: $9,350,817Net Assets 2015: $6,762,8062015Assets 2016: $15,222,649Liabilities 2016: $8,795,300Net Assets 2016: $6,427,3492016Assets 2017: $16,102,585Liabilities 2017: $8,983,432Net Assets 2017: $7,119,1532017Assets 2018: $16,684,573Liabilities 2018: $9,363,795Net Assets 2018: $7,320,7782018Assets 2019: $17,680,288Liabilities 2019: $9,831,068Net Assets 2019: $7,849,2202019Assets 2020: $18,493,308Liabilities 2020: $10,706,402Net Assets 2020: $7,786,9062020Assets 2021: $18,794,081Liabilities 2021: $10,525,759Net Assets 2021: $8,268,3222021Assets 2022: $19,846,077Liabilities 2022: $11,228,217Net Assets 2022: $8,617,8602022Assets 2023: $19,276,209Liabilities 2023: $10,917,765Net Assets 2023: $8,358,4442023Assets 2024: $19,393,940Liabilities 2024: $10,870,985Net Assets 2024: $8,522,9552024

Highlighted filing

2015

Assets$16,113,623
Liabilities$9,350,817
Net Assets$6,762,806

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $6,225,771Expenses 2011: $5,685,555Net Income 2011: $540,2162011Expenses 2012: $6,340,2132012Revenue 2013: $6,599,600Expenses 2013: $6,843,564Net Income 2013: -$243,9642013Revenue 2014: $6,575,868Expenses 2014: $6,771,897Net Income 2014: -$196,0292014Revenue 2015: $6,672,015Expenses 2015: $6,792,021Net Income 2015: -$120,0062015Revenue 2016: $6,975,093Expenses 2016: $7,310,550Net Income 2016: -$335,4572016Revenue 2017: $7,752,111Expenses 2017: $7,060,307Net Income 2017: $691,8042017Revenue 2018: $7,606,453Expenses 2018: $7,404,828Net Income 2018: $201,6252018Revenue 2019: $7,607,657Expenses 2019: $7,307,035Net Income 2019: $300,6222019Revenue 2020: $7,473,382Expenses 2020: $7,535,696Net Income 2020: -$62,3142020Revenue 2021: $8,393,907Expenses 2021: $7,912,368Net Income 2021: $481,5392021Revenue 2022: $8,340,373Expenses 2022: $8,064,490Net Income 2022: $275,8832022Revenue 2023: $8,174,795Expenses 2023: $8,444,812Net Income 2023: -$270,0172023Revenue 2024: $8,715,539Expenses 2024: $8,556,660Net Income 2024: $158,8792024

Highlighted filing

2015

Revenue$6,672,015
Expenses$6,792,021
Net Income-$120,006
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 6, 2016
Return Version
2015v2.1
Gross Receipts
$6,672,015
Mission and Program Overview

Mission

Rural electric cooperative established to provide electrical power and services to its members located in Portions of Big Horn County,Montana and Sheridan County, Wyoming.

Rural electric cooperative supplying electricity and services to its members located in rural montana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,505,837$11,940,221▲ $434,384
Rtn Earn Endowment Incm Other Fnds$6,712,386$6,574,712▼ $137,674
Cash and Non-Interest-Bearing Accounts$1,608,945$2,516,012▲ $907,067
Accounts Receivable$484,984$547,806▲ $62,822
Investments Program Related$435,312$449,462▲ $14,150
Savings and Temporary Cash Investments$434,737$435,100▲ $363
Pd in Cap Srpls Land Bldg Eqp Fund$170,426$188,094▲ $17,668
Inventories for Sale or Use$262,497$188,042▼ $74,455
Prepaid Expenses and Deferred Charges$26,309$23,346▼ $2,963
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$14,799,613$16,113,623▲ $1,314,010
Other Assets Total$40,992$13,634▼ $27,358
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,857,628$7,928,481▲ $1,070,853
Other Liabilities$632,191$1,033,719▲ $401,528
Accounts Payable and Accrued Expenses$426,982$388,617▼ $38,365
Total Liabilities$7,916,801$9,350,817▲ $1,434,016
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,882,812$6,762,806▼ $120,006
Total Liabilities and Net Assets / Fund Balance$14,799,613$16,113,623▲ $1,314,010

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,468,729$12,317,148$23,785,877
Equipment$302,149$1,365,753$1,667,902
Buildings$96,871$494,166$591,037
Land$72,472-$72,472
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Casey MunterGeneral MangerFT$104,991$38,125$143,116
Brenda Schock HuffmanControllerFT$56,432$27,362$83,794
Brett NedensPresident-$11,714-$11,714
Dennis DavisDirector-$10,622-$10,622
John MehlingDirector-$10,522-$10,522
Lila TaylorVice President-$10,522-$10,522
Lamont HermanDirector-$10,432-$10,432
John FowlerDirector-$10,422-$10,422
Edward WattSecretary-treasurer-$2,070-$2,070
Shirley SnivelyDirector-$1,900-$1,900
Ramona HoweDirector-$1,651-$1,651
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,613,801
Investment Income
$14,106
Other Revenue
$44,108
Change in Net Assets
$-120,006

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,672,015
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$233,338
Total Revenue per Audited Statements
$6,905,353
Total Revenue per Form 990
$6,672,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,069,708
Salaries, Compensation, and Employee Benefits$315,097
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$750,884$43,654-$794,538
All Other Expenses$281,246$133,644-$414,890
Benefits to Members$407,216--$407,216
Current Officers, Directors, Trustees, and Key Employees-$296,765-$296,765
Interest$272,334--$272,334
Other Expenses$166,181--$166,181
Office Expenses-$122,103-$122,103
Conferences and Meetings-$45,876-$45,876
Fees for Services Legal-$44,819-$44,819
Fees for Services Other-$42,993-$42,993
Other Salaries and Wages-$18,332-$18,332
Fees for Services Accounting-$9,900-$9,900
Advertising-$4,153-$4,153
Insurance-$2,591-$2,591
Fees for Services Lobbying-$1,100-$1,100
Total Functional Expenses$6,026,091$765,930$0$6,792,021

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,792,021
Expenses per Audited Statements$6,384,805
Total Expenses per Audited Statements$6,384,805
Expenses Not Reported on Financial Statements$407,216
Other Expense Adjustments$407,216
Expenses Not Reported on Form 990$0
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
Line of Credit$386,327
Consumer Deposits$248,033
Accrued Vacation & Benefits$198,406
Unclaimed Capital Credits$126,561
Accrued Property Taxes$54,024
Accrued Interest$17,128
Accrued Payroll Taxes$5,861
Tax Collections Payable$-2,621
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 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, Part VI, Section A, Line 6

The cooperative has 2,405 voting members at december 31, 2015.

Form 990, Part VI, Section A, Line 7A

The membership elects three board of directors to serve a three year term at the cooperative annual meeting held in march of each year.

Form 990, Part VI, Section A, Line 7B

All bylaw changes recommended by the board of directors are approved an ratified by the membership at the cooperative annual meeting.

Form 990, Part VI, Section B, Line 11

The form 990 is reviewed and approved by the general manager, the board president and secretary/treasurer prior to its filing.

Form 990, Part VI, Section B, Line 12C

All trustees must disclose to the board of directors any situation or transaction on which the trustee is involved which violates, or could appear to violate the intent of the conflict of interest policy. The board will then determine what action, if any, should be taken. Each trustees is responsible for ensuring that his or her actions and behavior are in accordance with this policy. The board president shall be responsible for ensuring that all trustees adhere to this policy.

Form 990, Part VI, Section B, Line 15

The cooperative linemen salaries are established by a signed collectively bargained union contract. The board of directors uses outside studies and guidelines used by other montana rural electric cooperatives in establishing the salaries of the non-union employees.

Form 990, Part VI, Section C, Line 19

All governing documents, policies, and financial reports - rus form 7 and form 990 are available upon request at the cooperative headquarters office located in hardin, montana. Also annual financial statements are provided to all members in february through first class mail attached to the annual meeting notice.

Filing and Contact Details

Filer

Filer Name
Big Horn County Electric Cooperativeinc
EIN
81-0111221
Phone
4066652830
Address
PO BOX 410, HARDIN, MT 59034-0410

Signing Officer

Name
Brett Nedens
Title
President
Phone
4066652830
Signed
2016-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reed Metzger
Formed
1939
Legal Domicile
Mt
Voting Board Members
9
Independent Board Members
9
Employees
20
Volunteers
0

Preparer

Firm
Summers Mcnea & Co Pc
Address
80 25TH STREET WEST, BILLINGS, MT 59102-4662
Preparer
Brian F Van Steeland
Phone
4066522320
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

There are no uncertain tax position existing at december 31, 2015.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Contribution in aid of construction received from members for plant construc

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Benefits paid to members-capital credit retirements

Schedule D Part VI Line 1E-other Property

Part vi-line 1e- other property- distribution plant including station equipment, poles, wires and meters totaling $19,610,587; transmission plant $3,358,818 and construction work in progress totaling $816,472.

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IRS990/InvestmentsProgramRelatedGrp/BOYAmt0435312
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0449462
IRS990/IRPDocumentCnt033
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014177067
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011505837
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011940221
IRS990/LandBldgEquipCostOrOtherBssAmt026117288
IRS990/LegalDomicileStateCd0MT
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt06775572
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE SOUTH EASTERN PORTION OF MONTANA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06857628
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07928481
IRS990/NetAssetsOrFundBalancesBOYAmt06882812
IRS990/NetAssetsOrFundBalancesEOYAmt06762806
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt012098
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt012098
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0122103
IRS990/OfficeExpensesGrp/TotalAmt0122103
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040992
IRS990/OtherAssetsTotalGrp/EOYAmt013634
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANC
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION OPERATIONS
IRS990/OtherExpensesGrp/Desc3CONSUMER ACCOUNT EXPENS
IRS990/OtherExpensesGrp/ProgramServicesAmt03095922
IRS990/OtherExpensesGrp/ProgramServicesAmt1703002
IRS990/OtherExpensesGrp/ProgramServicesAmt2349306
IRS990/OtherExpensesGrp/ProgramServicesAmt3166181
IRS990/OtherExpensesGrp/TotalAmt03095922
IRS990/OtherExpensesGrp/TotalAmt1703002
IRS990/OtherExpensesGrp/TotalAmt2349306
IRS990/OtherExpensesGrp/TotalAmt3166181
IRS990/OtherLiabilitiesGrp/BOYAmt0632191
IRS990/OtherLiabilitiesGrp/EOYAmt01033719
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE CAPITAL
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt032010
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt032010
IRS990/OtherRevenueTotalAmt032010
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt018332
IRS990/OtherSalariesAndWagesGrp/TotalAmt018332
IRS990/OtherSourcesGrossIncomeAmt0117683
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0170426
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0188094
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt026309
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023346
IRS990/PrincipalOfficerNm0REED METZGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0REVENUES FROM MEMBERS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06613801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06613801
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0357501
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt013783
IRS990/PYOtherExpensesAmt06097331
IRS990/PYOtherRevenueAmt037183
IRS990/PYProgramServiceRevenueAmt06524902
IRS990/PYRevenuesLessExpensesAmt0-196029
IRS990/PYSalariesCompEmpBnftPaidAmt0317065
IRS990/PYTotalExpensesAmt06771897
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06575868
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-120006
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt012098
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06659917
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06712386
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06574712
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0434737
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0435100
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt096871
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0494166
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0591037
IRS990ScheduleD/EquipmentGrp/BookValueAmt0302149
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01365753
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01667902
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0407216
IRS990ScheduleD/ExpensesSubtotalAmt06384805
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt072472
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt072472
IRS990ScheduleD/OtherExpensesNotIncludedAmt0407216
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011468729
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012317148
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023785877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0248033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt154024
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25861
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt317128
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4126561
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5198406
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt6-2621
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7386327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4UNCLAIMED CAPITAL CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5ACCRUED VACATION & BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6TAX COLLECTIONS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7LINE OF CREDIT
IRS990ScheduleD/OtherRevenueAmt0233338
IRS990ScheduleD/RevenueNotReportedAmt0233338
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06672015
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO UNCERTAIN TAX POSITION EXISTING AT DECEMBER 31, 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONTRIBUTION IN AID OF CONSTRUCTION RECEIVED FROM MEMBERS FOR PLANT CONSTRUC
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BENEFITS PAID TO MEMBERS-CAPITAL CREDIT RETIREMENTS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3PART VI-LINE 1E- OTHER PROPERTY- DISTRIBUTION PLANT INCLUDING STATION EQUIPMENT, POLES, WIRES AND METERS TOTALING $19,610,587; TRANSMISSION PLANT $3,358,818 AND CONSTRUCTION WORK IN PROGRESS TOTALING $816,472.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D PART VI LINE 1E-OTHER PROPERTY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011940221
IRS990ScheduleD/TotalExpensesPerForm990Amt06792021
IRS990ScheduleD/TotalLiabilityAmt01033719
IRS990ScheduleD/TotalRevenuePerForm990Amt06672015
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06905353
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06384805
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE HAS 2,405 VOTING MEMBERS AT DECEMBER 31, 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERSHIP ELECTS THREE BOARD OF DIRECTORS TO SERVE A THREE YEAR TERM AT THE COOPERATIVE ANNUAL MEETING HELD IN MARCH OF EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BYLAW CHANGES RECOMMENDED BY THE BOARD OF DIRECTORS ARE APPROVED AN RATIFIED BY THE MEMBERSHIP AT THE COOPERATIVE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS REVIEWED AND APPROVED BY THE GENERAL MANAGER, THE BOARD PRESIDENT AND SECRETARY/TREASURER PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL TRUSTEES MUST DISCLOSE TO THE BOARD OF DIRECTORS ANY SITUATION OR TRANSACTION ON WHICH THE TRUSTEE IS INVOLVED WHICH VIOLATES, OR COULD APPEAR TO VIOLATE THE INTENT OF THE CONFLICT OF INTEREST POLICY. THE BOARD WILL THEN DETERMINE WHAT ACTION, IF ANY, SHOULD BE TAKEN. EACH TRUSTEES IS RESPONSIBLE FOR ENSURING THAT HIS OR HER ACTIONS AND BEHAVIOR ARE IN ACCORDANCE WITH THIS POLICY. THE BOARD PRESIDENT SHALL BE RESPONSIBLE FOR ENSURING THAT ALL TRUSTEES ADHERE TO THIS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COOPERATIVE LINEMEN SALARIES ARE ESTABLISHED BY A SIGNED COLLECTIVELY BARGAINED UNION CONTRACT. THE BOARD OF DIRECTORS USES OUTSIDE STUDIES AND GUIDELINES USED BY OTHER MONTANA RURAL ELECTRIC COOPERATIVES IN ESTABLISHING THE SALARIES OF THE NON-UNION EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL REPORTS - RUS FORM 7 AND FORM 990 ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE HEADQUARTERS OFFICE LOCATED IN HARDIN, MONTANA. ALSO ANNUAL FINANCIAL STATEMENTS ARE PROVIDED TO ALL MEMBERS IN FEBRUARY THROUGH FIRST CLASS MAIL ATTACHED TO THE ANNUAL MEETING NOTICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014799613
IRS990/TotalAssetsEOYAmt016113623
IRS990/TotalAssetsGrp/BOYAmt014799613
IRS990/TotalAssetsGrp/EOYAmt016113623
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt020
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0765930
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06026091
IRS990/TotalFunctionalExpensesGrp/TotalAmt06792021
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07916801
IRS990/TotalLiabilitiesEOYAmt09350817
IRS990/TotalLiabilitiesGrp/BOYAmt07916801
IRS990/TotalLiabilitiesGrp/EOYAmt09350817
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06882812
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06762806
IRS990/TotalOtherCompensationAmt065487
IRS990/TotalProgramServiceExpensesAmt06026091

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.4$10.9$8.52$8.72$8.56$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.3$10.9$8.36$8.17$8.44$0.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.8$11.2$8.62$8.34$8.06$0.28
2021Detailed filing. Detailed filing data is available for this year.$18.8$10.5$8.27$8.39$7.91$0.48
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.5$10.7$7.79$7.47$7.54$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.7$9.83$7.85$7.61$7.31$0.30
2018Detailed filing. Detailed filing data is available for this year.$16.7$9.36$7.32$7.61$7.40$0.20
2017Detailed filing. Detailed filing data is available for this year.$16.1$8.98$7.12$7.75$7.06$0.69
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.2$8.80$6.43$6.98$7.31$0.34
2015Detailed filing. Detailed filing data is available for this year.$16.1$9.35$6.76$6.67$6.79$0.12
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$7.92$6.88$6.58$6.77$0.20
2013Detailed filing. Detailed filing data is available for this year.$14.2$7.10$7.08$6.60$6.84$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$6.88$7.32$6.34
2011Summary only. Only limited summary data is available for this year.$13.9$6.67$7.24$6.23$5.69$0.54