2024-06-04T13:57:08-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 840215835 Grand Valley Rural Power Lines Inc GRAN PO Box 190 Grand Junction CO 815020190 Thomas Walch CEO 9702420040 2024-05-16 true Thomas Walch true George Lynch P00187596 9138311150 2024-06-04 0 00 AAL2 IAL1 2023 2023-04-26 12:10:37Z Thomas Walch 38939947 false X www.gvp.org X 1936 CO Distribution of safe and reliable electricity to all our consumers while following our cooperative principals. 9 9 49 0 0 0 36935764 38840444 99503 0 36935764 38939947 0 2142205 3139755 1296257 1407092 0 0 33517521 34393100 36955983 38939947 -20219 0 90946555 91968778 57071464 56194078 33875091 35774700 Distribution of safe and reliable electricity to all our consumers while following our cooperative principals. false false Distribution of electricity to retail customers on a cooperative basis. false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 22 0 true 49 true false false false false false false false false false false false false false false 41114155 590389 false false false X 9 9 false false false false true true false true false false false true true true true true true true true false X Thomas Walch 9702420040 PO Box 190 Grand Junction CO 815020190 Thomas Walch CEO 60.00 0.00 X X 318956 0 40537 Matthew Williams COO 50.00 0.00 X 193307 0 30175 Derek Elder CAO 50.00 0.00 X 163979 0 30390 Joseph Michlaewicz CFO 50.00 0.00 X 156310 0 27808 William Barlow Operations Manager 45.00 0.00 X 147206 0 23537 Karen Allen Manager of IT 45.00 0.00 X 144226 0 23162 Carolyn Sandeen-Hall Director 9.00 0.00 X 14600 0 0 Brian Woods Board SecretaryTreasury 6.00 0.00 X 12950 0 0 Joseph Burtard Director 2.00 0.00 X 11950 0 0 Gary DeYoung Director 5.00 0.00 X 11700 0 0 Kyle Coltrinari Director 3.00 0.00 X 11450 0 0 Janie VanWinkle Board President 3.00 0.00 X 11250 0 0 Jesse Mease Board Vice President 4.00 0.00 X 10950 0 0 William F Rooks Director 9.00 0.00 X 10950 0 0 Don McClaskey Director 3.00 0.00 X 7200 0 0 Joseph Landini Director 2.00 0.00 X 4500 0 0 1231484 0 175609 6 false true false Ward Electric Co Inc 9586 E I-25 Frontage Road Suite B Longmont CO 80504 Elect Line Contrac 1212045 IRELAND STAPLETON PRYOR PASCOE PC 461 Main Street Suite 201 Grand Junction CO 81501 Legal Services 179482 ASPLUNDH TREE EXPERT LLC 1700 Solutions Center Chicago IL 60677 Tree Trimming 556303 TRAFFIC CONTROL SPECIALISTS LLC 526 Perkins Court Grand Junction CO 81504 Traffic Control 459690 4 Sale of Energy 221000 38282970 38282970 Capital Credits 211110 393280 393280 Misc Service Revenue 211110 68900 68900 Joint Pole Use 211110 68063 68063 Other Service Revenue 211110 27231 27231 38840444 99503 99503 38939947 38745150 0 194797 X 3139755 1068961 338131 1858586 3130814 Purchased Power 19345813 19345813 Distribution Expense 4143775 4143775 Admin & General 2963470 2963470 Member Service 1764605 1764605 1186037 38939947 0 0 0 2557981 4167720 1500000 4987936 5043002 2759452 2525384 967300 114300549 36594570 75793618 77705979 2250945 2490596 129323 36097 90946555 91968778 2615525 3900592 1148892 1005770 48444014 46043001 4863033 5244715 57071464 56194078 X 136082 33739009 35774700 33875091 35774700 90946555 91968778 X 0 1899609 X false true X true false 2749420 2749420 9926190 2570356 7355834 101624939 34024214 67600725 77705979 Subordinated Certificates 459827 C Associated Organizations 2030769 C 2490596 Accrued Paid Time Off 697907 Accrued Taxes 766588 Customer Deposits 126477 Other Current Liabilities 279859 Patronage Capital Payable 401760 Postretirement Benefits Other Than 400555 Unclaimed Patronage Capital Refunds 962310 Underground Construction Deposits 1609259 5244715 X 38939947 38939947 38939947 38939947 38939947 38939947 Other expenses included on Form 990 (Part XII, line 4b) Expense Amounts Included on Return - Other Current Year Margins Assigned to Members $2,836,103 Footnote for uncertain tax position under FIN 48 (Part X) Footnote for uncertain tax position under FIN 48 (Part X)An evaluation of whether or not it has any uncertain tax positions isdetermined on an annual basis by the Association. While the Associationbelieves it has adequately provided for all tax positions, amounts assertedby taxing authorities could be different than the positions taken by theAssociation. The Association recognizes any interest and penaltiesassessed by taxing authorities in income tax expense, and with fewexceptions, is no longer subject to federal, state, or local income taxexaminations by taxing authorities for years before 2020. X X X false false false Joseph Michlaewicz CFO 156310 11938 15870 184118 Thomas Walch CEO 318956 22537 18000 359493 Matthew Williams COO 193307 14575 15600 223482 Derek Elder CAO 163979 12390 18000 194369 William Barlow Operations Manager 147206 10650 12887 170743 Karen Allen Manager of IT 144226 10275 12887 167388 Members or stockholder classes and rights Part VI line 6 New customers become members by opting in. Member election for additional members Part VI line 7a The business and affairs of the Cooperative are managed by a board of nine (9) directors. Each member of the Cooperative is entitled to vote in the election of directors on the Board of Directors either at a meeting held for such purpose or by mail. Directors are elected by a plurality vote of the members. Committee meeting documentation Part VI line 8b Minutes are taken at Board of Director Meetings and approved at the next board meeting Form 990 governing body review Part VI line 11 Form 990 is provided and presented to the Board of Directors for review, discussion, comment, and questions. Conflict of interest policy compliance Part VI line 12c A director or officer must immediately disclose to the Board of Directors his/her relationship or interest as to a conflicting interest transaction. After a director or officer has disclosed his/her relationship or interest as to a conflicting interest transaction, the disinterested directors will then vote on whether or not to apporve the conflicting interest transaction. The conflicting interest transaction may be approved by a vote of the majority of the disinterested directors. CEO executive director top management comp Part VI line 15a Compensation of the organizations top management officials was determined by the board of directors. The board established a salary range for the official using comparability data, and administers salary adjustments within the range based upon performance in achieving established goals and objectives. Other officer or key employee compensation Part VI line 15b Clerical, Engineering, Warehouse, and Production workers compensation is determined based on the Union contract with IBEW. All management with the exception of the Chief Executive Officer are classified into grades. The grades are arranged in ascending order according to the relative degree of responsibility, thought, skill, and effort required for each position. Annual performance evaluations are performed with the employees in order to strengthen the skills of the employess and to make them more efficient and effective in their respective job duties. Annually the Board of Directors, as a whole, evaluates the performance of the Chief Executive Officer. The Colorado Rural Electric Association, a statewide cooperative, provides comparative salary data of the Chief Executive Officers annual salary in the other cooperatives. The Board of Directors uses this information during the evaluation process. Governing documents etc available to public Part VI line 19 Governing document, policies, Audited Financial Statements, and the Form 990 are available to the general public upon request at the cooperatives headaquarters. Explanation of other changes in net assets or fund balances Part XI line 9 Current Year Margins Assigned to Members $3,139,755Capital Credit Retirements (1,035,212) Other Comprehensive Income Change ( 68,805) Other Changes ( 136,129) Total $1,899,609 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2022 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2022.