SHERIDAN ELECTRIC CO-OP INC

Address
PO BOX 227
MEDICINE LAKE, MT 592470227
Contact
Website: http://www.sheridanelectric.coop
Phone: +1 (406) 789-2231
Nonprofit
NTEE: W80 - Public Utilities
EIN: 81-0216871

Mission

RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.
 20162015201420132012
Basic features of the organization
Year of formation1946
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$223,386.00$193,082.00$182,987.00 $35,949.00
Sum of reportable (W2/1099) compensation$223,386.00$193,082.00$182,987.00$34,305.00$35,949.00
Number of employees3434404736
Personnel
Danelson, Alan
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER  
Name of key/compensated personALAN DANELSONALAN DANELSONALAN DANELSON  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org5.005.005.00  
Reportable compensation from org$24,273.00$24,228.00$22,763.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Dethman, Andrew
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personANDREW DETHMANANDREW DETHMANANDREW DETHMANANDREW DETHMANANDREW DETHMAN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$25,064.00$23,819.00$21,763.00$3,200.00$800.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$19,544.00$3,073.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Deubner, Wayne
TitlePRESIDENTPRESIDENTPRESIDENT  
Name of key/compensated personWAYNE DEUBNERWAYNE DEUBNERWAYNE DEUBNER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org5.005.005.00  
Reportable compensation from org$21,767.00$17,191.00$16,678.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Hansen, Rick
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBERBOARD MEMBER
Name of key/compensated personRICK A HANSENRICK A HANSENRICK A HANSENRICK A HANSENRICK A HANSEN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$24,673.00$25,028.00$23,972.00$3,800.00$4,200.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$19,553.00$18,449.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Heppner, Kerrey
TitleTREASURERTREASURERTREASURER  
Name of key/compensated personKERREY HEPPNERKERREY HEPPNERKERREY HEPPNER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org5.005.005.00  
Reportable compensation from org$25,473.00$25,228.00$24,163.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Overgaard, Warren
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER  
Name of key/compensated personWARREN OVERGAARDWARREN OVERGAARDWARREN OVERGAARD  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org5.005.005.00  
Reportable compensation from org$32,356.00$3,568.00$3,194.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Rust, Robert
TitleSECRETARYSECRETARYSECRETARY  
Name of key/compensated personROBERT RUSTROBERT RUSTROBERT RUST  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org5.005.005.00  
Reportable compensation from org$24,873.00$24,228.00$23,172.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Skillingberg, Harlan
TitleBOARD MEMBERBOARD MEMBERBOARD MEMBER  
Name of key/compensated personHARLAN SKILLINGBERGHARLAN SKILLINGBERGHARLAN SKILLINGBERG  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org5.005.005.00  
Reportable compensation from org$20,312.00$23,964.00$22,110.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Smith, Rodney
TitleVICE PRESIDEVICE PRESIDEVICE PRESIDEVICE PRESIDEVICE PRESIDE
Name of key/compensated personRODNEY SMITHRODNEY SMITHRODNEY SMITHRODNEY SMITHRODNEY SMITH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$24,595.00$25,828.00$25,172.00$3,600.00$2,400.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$19,553.00$19,752.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesRURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.
Programs, including revenue & expenses
RURAL ELECTRIC COOPERATIVE PROVIDES SERVICES TO CONSUMERS.
Program descriptionRURAL ELECTRIC COOPERATIVE PROVIDES SERVICES TO CONSUMERS.RURAL ELECTRIC COOPERATIVE PROVIDES SERVICES TO CONSUMERS.RURAL ELECTRIC COOPERATIVE PROVIDES SERVICES TO CONSUMERS.RURAL ELECTRIC COOPERATIVE PROVIDES SERVICES TO CONSUMERS.RURAL ELECTRIC COOPERATIVE PROVIDES SERVICES TO CONSUMERS.
Financial data
Revenue
Total revenue$19,480,492.00$17,616,954.00$14,831,829.00$13,479,483.00$12,470,461.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$66,493.00$167,554.00$117,329.00$68,538.00$49,170.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$832,158.00$692,482.00$310,138.00$83,557.00$176,756.00
Program service revenue (total)$18,581,841.00$16,756,918.00$14,404,362.00$13,327,388.00$12,244,535.00
Gross receipts$19,480,492.00$17,616,954.00$14,831,829.00$13,479,483.00$12,470,461.00
Other types of revenue
Miscellaneous revenue (total)$832,158.00$692,482.00$310,138.00$83,557.00$176,756.00
Income from dividends, interest, and similar investments$66,493.00$167,554.00$117,329.00$68,538.00$49,170.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$15,781,959.00$16,112,319.00$14,607,360.00$12,841,153.00$11,418,325.00
Total functional expenses: program service $0.00$0.00$0.00$0.00$0.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$69,387,927.00$71,298,214.00$70,607,517.00$53,449,820.00$32,124,958.00
Total assets, beginning of year$71,298,214.00$70,607,517.00$53,449,820.00$32,124,958.00$27,907,468.00
Total liabilities$44,962,692.00$50,571,512.00$51,385,450.00$34,452,222.00$13,765,690.00
Total liabilities, beginning of year$50,571,512.00$51,385,450.00$34,452,222.00$13,765,690.00$10,816,920.00
Net assets$24,425,235.00$20,726,702.00$19,222,067.00$18,997,598.00$18,359,268.00
Net assets, beginning of year$20,726,702.00$19,222,067.00$18,997,598.00$18,359,268.00$17,090,548.00
Other liabilities$2,559,116.00$4,281,326.00$4,217,668.00$4,380,880.00$3,578,147.00
Other assets$214,253.00$231,237.00$248,797.00$224,605.00$102,366.00
Investments: other securities$5,510,365.00$4,847,413.00$4,659,735.00$4,500,689.00$4,085,376.00
Cash: non-interest bearing$3,150,339.00 $314.00$314.00$314.00
Cash: non-interest bearing, beginning of year $314.00$314.00$314.00$313.00
Inventories for sale or use$611,020.00$973,838.00$1,109,825.00$1,393,111.00$1,550,152.00
Other financial variables
Revenue less expenses$3,698,533.00$1,504,635.00$224,469.00$638,330.00$1,052,136.00
Savings & temp cash investment$525,502.00$1,629,726.00$2,724,842.00$1,417,638.00$2,607,470.00
Accounts receivable, net$2,608,710.00$2,777,955.00$1,786,424.00$2,956,552.00$2,494,319.00
Prepaid expenses & deferred charges$36,988.00$18,121.00$43,004.00$26,307.00$21,997.00
Accounts payable & accrued expenses$1,033,906.00$1,605,723.00$2,829,568.00$2,174,091.00$1,037,632.00
Secured mortgages and notes payable$41,369,670.00$44,684,463.00$44,338,214.00$27,897,251.00$9,149,911.00
Total net assets or fund balances$24,425,235.00$20,726,702.00$19,222,067.00$18,997,598.00$18,359,268.00
Depreciation, depletion, amortization$3,387,541.00$3,274,541.00$1,078,092.00$1,002,342.00$1,032,060.00
Governance and accountability
Number of voting members99186618649
Number of independent voting members99185718559
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-09-222016-12-282015-07-102014-10-242013-08-06
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.1
Filing identifier201731329349306618201631389349300543201511539349300516201411829349300146201311359349308791
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