EAST RIVER ELECTRIC POWER COOPERATIVE INC

Address
211 S HARTH AVE
MADISON, SD 57042
Contact
Website: http://www.eastriver.coop
Phone: +1 (605) 256-4536
Nonprofit
NTEE: W80 - Public Utilities
EIN: 46-0225402

Mission

EAST RIVER ELECTRIC POWER COOPERATIVE EXISTS TO ENHANCE THE VALUE OF ITS MEMBERS.
 201620152014
Basic features of the organization
Year of formation1949
Subsection501(c)
Organization typeCorporation
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$1,321,950.00$1,279,778.00$1,312,653.00
Sum of reportable (W2/1099) compensation$1,928,874.00$1,833,704.00$1,911,387.00
Number of employees146141139
Number of people compensated >$100k81215
Number of volunteers000
Number of highly compensated contractors877
Personnel
Allen, David
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personDAVID ALLENDAVID ALLENDAVID ALLEN
Average hours per week working for org4.003.003.00
Reportable compensation from org$12,379.00$9,083.00$9,717.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Aug, Mark
Title DIRECTOR 
Name of key/compensated person MARK LARSON JAN - AUG 
Average hours per week working for org 5.00 
Reportable compensation from org $2,415.00 
Other comp, non-reportable, from org and related orgs $6,384.00 
Position Individual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Bachman, Gary
TitleDIRECTORDIRECTORDIRECTOR BEG. JULY 2014
Name of key/compensated personGARY BACHMANGARY BACHMANGARY BACHMAN
Average hours per week working for org5.504.006.00
Reportable compensation from org$17,847.00$13,565.00$8,287.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Boyko, Tom
TitleCHIEF EXEC OFFICER/GENERALCHIEF EXEC OFFICER/GENERAL MANAGERGENERAL MANAGER BEG. 02/01/2014
Name of key/compensated personTOM BOYKOTOM BOYKOTOM BOYKO
Average hours per week working for org43.0043.0042.00
Reportable compensation from org$407,255.00$366,724.00$288,672.00
Other comp, non-reportable, from org and related orgs$97,442.00$90,123.00$64,055.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Dailey, Richard
TitleDIRECTOR UNTIL 03/2016DIRECTORDIRECTOR
Name of key/compensated personRICHARD DAILEYRICHARD DAILEYRICHARD DAILEY
Average hours per week working for org4.004.003.00
Reportable compensation from org$2,833.00$12,951.00$9,526.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Dec, Alan
Title DIRECTOR 
Name of key/compensated person ALAN HINDERMAN MAY - DEC 
Average hours per week working for org 6.00 
Reportable compensation from org $10,737.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Dec, Ronald
Title DIRECTOR 
Name of key/compensated person RONALD JORGENSON SEPT - DEC 
Average hours per week working for org 6.00 
Reportable compensation from org $3,074.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Dekramer, Larry
TitleTRANSMISSION AND SUBSTATIOTRANSMISSION AND SUBSTATION MANAGERSUB/DISPATCH MANAGER
Name of key/compensated personLARRY DEKRAMERLARRY DEKRAMERLARRY DEKRAMER
Average hours per week working for org45.0046.0045.00
Reportable compensation from org$150,511.00$145,947.00$142,518.00
Other comp, non-reportable, from org and related orgs$62,273.00$59,819.00$54,923.00
PositionHighly compensated employeeHighly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Edwards, Jim
TitleCHIEF OPERATIONS OFFICERCHIEF OPERATIONS OFFICERASSIST. GM-OPERATIONS
Name of key/compensated personJIM EDWARDSJIM EDWARDSJIM EDWARDS
Average hours per week working for org44.0045.0044.00
Reportable compensation from org$213,541.00$213,312.00$209,762.00
Other comp, non-reportable, from org and related orgs$100,619.00$96,568.00$85,887.00
PositionKey employeeKey employeeKey employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Engebretson, Patrick
TitleCHIEF INFORMATION OFFICER  
Name of key/compensated personPATRICK ENGEBRETSON  
Average hours per week working for org48.00  
Reportable compensation from org$166,037.00  
Other comp, non-reportable, from org and related orgs$44,791.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Fink, Ervin
TitleSECRETARYSECRETARYSECRETARY
Name of key/compensated personERVIN FINKERVIN FINKERVIN FINK
Average hours per week working for org5.004.005.00
Reportable compensation from org$16,759.00$11,739.00$16,067.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Flakoll, Alden
Title  DIRECTOR UNTIL JULY 2014
Name of key/compensated person  ALDEN FLAKOLL
Average hours per week working for org  4.00
Reportable compensation from org  $4,780.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Gillaspie, Ken
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personKEN GILLASPIEKEN GILLASPIEKEN GILLASPIE
Average hours per week working for org5.006.006.00
Reportable compensation from org$16,892.00$18,867.00$17,611.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Grant, Galen
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personGALEN GRANTGALEN GRANTGALEN GRANT
Average hours per week working for org5.005.005.00
Reportable compensation from org$17,396.00$15,527.00$13,679.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Gross, Vic
TitleDIRECTOR UNTIL 08/2016  
Name of key/compensated personVIC GROSS  
Average hours per week working for org5.00  
Reportable compensation from org$9,980.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Gross, Victor
Title VICE-PRESIDENTVICE-PRESIDENT
Name of key/compensated person VICTOR GROSSVICTOR GROSS
Average hours per week working for org 4.004.00
Reportable compensation from org $12,572.00$11,859.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Hinderman, Alan
TitleDIRECTOR  
Name of key/compensated personALAN HINDERMAN  
Average hours per week working for org5.00  
Reportable compensation from org$15,718.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Hoffman, Mark
TitleENGINEERING SERVICES MANAGENGINEERING SERVICES MANAGERTRANS/ENG SERVICES MANAGER
Name of key/compensated personMARK HOFFMANMARK HOFFMANMARK HOFFMAN
Average hours per week working for org41.0042.0041.00
Reportable compensation from org$135,568.00$130,593.00$126,233.00
Other comp, non-reportable, from org and related orgs$40,881.00$36,994.00$31,593.00
PositionHighly compensated employeeHighly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Hoffman, Randy
Title BUDGET SERVICES MANAGERBUDGET SERVICES MANAGER
Name of key/compensated person RANDY HOFFMANRANDY HOFFMAN
Average hours per week working for org 41.0041.00
Reportable compensation from org $122,067.00$120,371.00
Other comp, non-reportable, from org and related orgs $79,815.00$74,078.00
Position Highly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Hollister, Greg
TitleCHIEF FINANCIAL OFFICERCHIEF FINANCIAL OFFICERASSIST. GM-ADMINISTRATION
Name of key/compensated personGREG HOLLISTERGREG HOLLISTERGREG HOLLISTER
Average hours per week working for org45.0044.0044.00
Reportable compensation from org$214,373.00$207,832.00$204,167.00
Other comp, non-reportable, from org and related orgs$154,700.00$167,018.00$155,041.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Homan, Pat
TitleVICE-PRESIDENTDIRECTORDIRECTOR
Name of key/compensated personPAT HOMANPAT HOMANPAT HOMAN
Average hours per week working for org5.005.005.00
Reportable compensation from org$15,402.00$16,009.00$16,257.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Jorgenson, Ron
TitleDIRECTOR  
Name of key/compensated personRON JORGENSON  
Average hours per week working for org4.00  
Reportable compensation from org$3,550.00  
Other comp, non-reportable, from org and related orgs$10,503.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Koupal, Richard
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRICHARD KOUPALRICHARD KOUPALRICHARD KOUPAL
Average hours per week working for org5.005.005.00
Reportable compensation from org$16,241.00$15,174.00$14,209.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Lamb, Verdon
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personVERDON LAMBVERDON LAMBVERDON LAMB
Average hours per week working for org4.005.004.00
Reportable compensation from org$11,862.00$11,530.00$11,495.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Larson, Mark
Title  DIRECTOR
Name of key/compensated person  MARK LARSON
Average hours per week working for org  4.00
Reportable compensation from org  $3,177.00
Other comp, non-reportable, from org and related orgs  $9,390.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
March, Lyle
Title DIRECTOR 
Name of key/compensated person LYLE WITTE JAN - MARCH 
Average hours per week working for org 4.00 
Reportable compensation from org $2,694.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Mehlhaff, Leslie
Title DIRECTORDIRECTOR
Name of key/compensated person LESLIE MEHLHAFFLESLIE MEHLHAFF
Average hours per week working for org 5.005.00
Reportable compensation from org $14,567.00$14,391.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Melhaff, Les
TitleDIRECTOR  
Name of key/compensated personLES MELHAFF  
Average hours per week working for org4.00  
Reportable compensation from org$14,321.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Mentzer, Roger
Title  DIRECTOR UNTIL MAY 2014
Name of key/compensated person  ROGER MENTZER
Average hours per week working for org  2.00
Reportable compensation from org  $1,863.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Nelson, Jeffrey
Title  GENERAL MANAGER UNTIL 02/28/2014
Name of key/compensated person  JEFFREY L NELSON
Average hours per week working for org  47.00
Reportable compensation from org  $186,490.00
Other comp, non-reportable, from org and related orgs  $6,393.00
Position  Officer
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Parsley, Scott
Title CHIEF MEMBER AND PUBLIC REL OFFICERASSIST. GM-MEMBER SERVICE
Name of key/compensated person SCOTT PARSLEYSCOTT PARSLEY
Average hours per week working for org 44.0043.00
Reportable compensation from org $191,755.00$187,278.00
Other comp, non-reportable, from org and related orgs $78,466.00$38,169.00
Position Highly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Pearson, Kermit
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personKERMIT PEARSONKERMIT PEARSONKERMIT PEARSON
Average hours per week working for org4.004.003.00
Reportable compensation from org$11,002.00$9,796.00$8,505.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Rogan, Mark
TitleDIRECTOR  
Name of key/compensated personMARK ROGAN  
Average hours per week working for org5.00  
Reportable compensation from org$16,331.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Rogen, Mark
Title DIRECTORDIRECTOR
Name of key/compensated person MARK ROGENMARK ROGEN
Average hours per week working for org 4.004.00
Reportable compensation from org $13,114.00$13,575.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Rogness, Bert
TitleTREASURERTREASURERTREASURER
Name of key/compensated personBERT ROGNESSBERT ROGNESSBERT ROGNESS
Average hours per week working for org6.005.004.00
Reportable compensation from org$18,658.00$16,367.00$16,077.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Ryken, James
TitlePRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personJAMES RYKENJAMES RYKENJAMES RYKEN
Average hours per week working for org7.007.007.00
Reportable compensation from org$17,440.00$16,609.00$15,887.00
Other comp, non-reportable, from org and related orgs$5,797.00$5,520.00$5,279.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Sahr, Robert
TitleGENERAL COUNSELGENERAL COUNSELGENERAL COUNSEL
Name of key/compensated personROBERT SAHRROBERT SAHRROBERT SAHR
Average hours per week working for org43.0043.0045.00
Reportable compensation from org$179,676.00$165,778.00$159,659.00
Other comp, non-reportable, from org and related orgs$65,098.00$58,260.00$51,302.00
PositionHighly compensated employeeHighly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Samuelson, Ron
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personRON SAMUELSONRON SAMUELSONRON SAMUELSON
Average hours per week working for org5.004.004.00
Reportable compensation from org$15,039.00$12,392.00$12,179.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Schurdevin, Don
TitleDIRECTOR FROM 04/2016  
Name of key/compensated personDON SCHURDEVIN  
Average hours per week working for org4.00  
Reportable compensation from org$10,591.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Strasser, Darren
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personDARREN STRASSERDARREN STRASSERDARREN STRASSER
Average hours per week working for org5.005.005.00
Reportable compensation from org$14,141.00$13,784.00$15,437.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Studer, Chris
TitleCHIEF MEMBER AND PUBLIC RELATIONS OFFICER  
Name of key/compensated personCHRIS STUDER  
Average hours per week working for org41.00  
Reportable compensation from org$144,156.00  
Other comp, non-reportable, from org and related orgs$34,743.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Sumption, Mark
TitleDIRECTOR FROM 09/2016  
Name of key/compensated personMARK SUMPTION  
Average hours per week working for org5.00  
Reportable compensation from org$6,346.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Trobaugh, Isabel
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personISABEL TROBAUGHISABEL TROBAUGHISABEL TROBAUGH
Average hours per week working for org4.004.005.00
Reportable compensation from org$13,360.00$10,556.00$14,629.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Vedvei, Alan
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personALAN VEDVEIALAN VEDVEIALAN VEDVEI
Average hours per week working for org3.004.003.00
Reportable compensation from org$9,906.00$11,622.00$10,821.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Witte, Lyle
Title  DIRECTOR
Name of key/compensated person  LYLE WITTE
Average hours per week working for org  5.00
Reportable compensation from org  $15,966.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Wolbrink, Duane
TitleDIRECTORDIRECTORDIRECTOR BEG. MAY 2014
Name of key/compensated personDUANE WOLBRINKDUANE WOLBRINKDUANE WOLBRINK
Average hours per week working for org4.005.006.00
Reportable compensation from org$13,763.00$14,952.00$10,243.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesACQUISITION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC POWER TO MEMBER SYSTEMS.ACQUISITION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC POWER TO MEMBER SYSTEMS.ACQUISITION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC POWER TO MEMBER SYSTEMS.
Programs, including revenue & expenses
EAST RIVER ELECTRIC POWER COOPERATIVE IS A WHOLESALE ELECTRIC POWER SUPPLY COOPERATIVE SERVING 24 RURAL ELECTRIC COOPERATIVES AND ONE MUNICIPALLY-OWNED ELECTRIC SYSTEM, WHICH IN TURN SERVE MORE THAN 92,000 HOMES AND BUSINESSES AND ABOUT 250,000 CONSUMERS. THE COOPERATIVE OPERATES AND MAINTAINS 3,011 MILES OF HIGH VOLTAGE TRANSMISSION LINE, 240 SUBSTATIONS AND RELATED FACILITIES TO SERVE AN AREA OF 40,000 SQUARE MILES THAT COVERS THE RURAL AREAS OF 41 COUNTIES IN EASTERN SOUTH DAKOTA AND 22 COUNTIES IN WESTERN MINNESOTA. EAST RIVER IS ALSO A TRANSMISSION OWNER IN THE SOUTHWEST POWER POOL.
Program descriptionEAST RIVER ELECTRIC POWER COOPERATIVE IS A WHOLESALE ELECTRIC POWER SUPPLY COOPERATIVE SERVING 24 RURAL ELECTRIC COOPERATIVES AND ONE MUNICIPALLY-OWNED ELECTRIC SYSTEM, WHICH IN TURN SERVE MORE THAN 92,000 HOMES AND BUSINESSES AND ABOUT 250,000 CONSUMERS. THE COOPERATIVE OPERATES AND MAINTAINS 3,011 MILES OF HIGH VOLTAGE TRANSMISSION LINE, 240 SUBSTATIONS AND RELATED FACILITIES TO SERVE AN AREA OF 40,000 SQUARE MILES THAT COVERS THE RURAL AREAS OF 41 COUNTIES IN EASTERN SOUTH DAKOTA AND 22 COUNTIES IN WESTERN MINNESOTA. EAST RIVER IS ALSO A TRANSMISSION OWNER IN THE SOUTHWEST POWER POOL.EAST RIVER ELECTRIC POWER COOPERATIVE IS A WHOLESALE ELECTRIC POWER SUPPLY COOPERATIVE SERVING 24 RURAL ELECTRIC COOPERATIVES AND ONE MUNICIPALLY-OWNED ELECTRIC SYSTEM, WHICH IN TURN SERVE MORE THAN 92,000 HOMES AND BUSINESSES AND ABOUT 250,000 CONSUMERS. THE COOPERATIVE OPERATES AND MAINTAINS 2,845 MILES OF HIGH VOLTAGE TRANSMISSION LINE, 228 SUBSTATIONS AND RELATED FACILITIES TO SERVE AN AREA OF 40,000 SQUARE MILES THAT COVERS THE RURAL AREAS OF 41 COUNTIES IN EASTERN SOUTH DAKOTA AND 22 COUNTIES IN WESTERN MINNESOTA. EAST RIVER IS ALSO A TRANSMISSION OWNER IN THE SOUTHWEST POWER POOL.EAST RIVER ELECTRIC POWER COOPERATIVE IS A WHOLESALE ELECTRIC POWER SUPPLY COOPERATIVE SERVING 24 RURAL ELECTRIC COOPERATIVES AND ONE MUNICIPALLY-OWNED ELECTRIC SYSTEM, WHICH IN TURN SERVE MORE THAN 92,000 HOMES AND BUSINESSES AND ABOUT 250,000 CONSUMERS. THE COOPERATIVE OPERATES AND MAINTAINS 2,845 MILES OF HIGH VOLTAGE TRANSMISSION LINE, 228 SUBSTATIONS AND RELATED FACILITIES TO SERVE AN AREA OF 40,000 SQUARE MILES THAT COVERS THE RURAL AREAS OF 41 COUNTIES IN EASTERN SOUTH DAKOTA AND 22 COUNTIES IN WESTERN MINNESOTA.
Financial data
Expense categories (totals)
Sum (total functional expenses)$272,082,625.00$225,566,902.00$231,586,590.00
Revenue
Total revenue$272,082,625.00$225,566,902.00$231,936,591.00
Program service revenue (total)$271,455,021.00$224,595,198.00$231,057,267.00
Revenue from contributions (total) $0.00$0.00
Investment income$430,514.00$308,988.00$58,417.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$197,090.00$662,716.00$820,907.00
Net unrelated business taxable revenue$0.00$0.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00
Gross receipts$272,103,353.00$225,570,222.00$232,210,412.00
Other types of revenue
Miscellaneous revenue (total)-$1,204.00-$403.00$268.00
Income from dividends, interest, and similar investments$285,170.00$302,792.00$332,238.00
Net rental income$198,294.00$663,119.00$820,639.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00
Assets and liabilities
Total assets$460,590,823.00$409,459,834.00$373,014,155.00
Total assets, beginning of year$409,459,834.00$373,014,155.00$348,530,031.00
Total liabilities$297,066,853.00$268,734,858.00$241,011,127.00
Total liabilities, beginning of year$268,734,858.00$241,011,127.00$225,454,395.00
Net assets$163,523,970.00$140,724,976.00$132,003,028.00
Net assets, beginning of year$140,724,976.00$132,003,028.00$123,075,636.00
Other liabilities$2,076,528.00$5,558,378.00$3,931,519.00
Investments: other securities$2,219,184.00$5,950,078.00$5,604,723.00
Investments: program-related$116,470,557.00$97,859,749.00$92,157,228.00
Inventories for sale or use$10,174,541.00$9,373,177.00$10,255,525.00
Other financial variables
Revenue less expenses$0.00$0.00$350,001.00
Savings & temp cash investment$7,374,295.00$685,560.00$1,960,546.00
Accounts receivable, net$26,711,989.00$24,248,953.00$23,625,945.00
Prepaid expenses & deferred charges$6,199,011.00$6,803,152.00$8,053,496.00
Accounts payable & accrued expenses$40,146,444.00$23,857,480.00$21,988,571.00
Unsecured notes & loans to unrelated parties$27,000,000.00$38,974,148.00$19,250,000.00
Secured mortgages and notes payable$227,843,881.00$200,344,852.00$195,841,037.00
Total net assets or fund balances$163,523,970.00$140,724,976.00$132,003,028.00
Depreciation, depletion, amortization$8,081,101.00$7,384,154.00$6,774,673.00
Governance and accountability
Number of voting members222222
Number of independent voting members222221
Financial sheets auditedTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-01
Tax year end date2016-12-312015-12-312014-12-31
Accounting methodAccrualAccrualAccrual
Indicators for schedules (selected)
Business transaction with entity owner  True
Grants to domestic org/gov't >$5kTrueTrueTrue
Metadata about the filing
E-return type990990990
Date e-filing submitted2017-12-282017-02-222016-02-08
IRS schema version2016v3.02015v2.12014v5.0
Filing identifier201743179349301924201613129349300406201543139349300629
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