2023-07-11T12:33:28-07:00 2022-12-31 990 2022-01-01 840248168 LA PLATA ELECTRIC ASSOCIATION INC LAPL 9703823575 PO Box 2750 Durango CO 813022750 Jessica Matlock Chief Executive Officer 9703823576 2023-07-11 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Jessica Matlock PO Box 2750 Durango CO 81302 112139521 0 X www.lpea.coop X 1939 CO To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 12 12 130 0 71834 0 0 0 106943976 110374571 159606 345414 2547344 1397464 109650926 112117449 229639 293148 0 0 0 0 0 0 0 102185230 108234773 102414869 108527921 7236057 3589528 287521885 284945015 135949729 136195673 151572156 148749342 To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 0 0 108527921 112117449 LPEA is an electric distribution system; as of December 31, 2022, LPEA had 48,341 services in place and 3,772 miles of line. 0 0 0 108527921 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 56 0 0 130 1 0 0 0 0 0 109513910 2603539 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X Monica Rodriguez 9703823575 PO Box 2750 Durango CO 813022750 Jessica Matlock Chief Executive Officer 60 3 X 479894 0 82976 Dan Harms Executive VP of Grid Solutions & Special Projects 60 0 X 249932 0 65280 Karl Ramsey Vice President of Finance 50 0 X 216798 0 62375 Graham Smith General Counsel 50 0 X 222789 0 51873 Jerry Sutherlin Vice President of Operations 50 0 X 228940 0 45697 Jake Wills System Engineer 40 0 X 209368 0 53671 Drew Timmerman Vice President of Information Technology 50 0 X 178119 0 64207 Hillary Knox Vice President of Communications 50 0 X 197693 0 34834 John Hahn Dispatcher 40 0 X 173918 0 52456 Garrett Hammer District Manager - Pagosa Springs 50 0 X 161429 0 60645 Michael Messier Foreman 50 0 X 172679 0 40677 Jerry McKonly Dispatcher 50 0 X 161260 0 47884 Darrick Robinson Manager of System Operations 50 0 X 150918 0 53627 Elizabeth Howe VP of Administrative Services 50 0 X 131632 0 34908 Kohler McInnis Director 8 7 X 15869 20500 0 Holly Metzler Director 11 0 X 17935 0 0 Kirsten Skeehan Director 12 0 X 17729 0 0 Ted Compton Director 6 0 X 16950 0 0 Rachel Landis Director 6 0 X 16200 0 0 Joe Lewandowski Director 5 0 X 15950 0 0 Tim Wheeler Board Vice President 6 0 X 15700 0 0 Daniel K Huntington Secretary 6 0 X 15450 0 0 Sue McWilliams Treasurer 7 0 X 15388 0 0 Bob Lynch Director 5 0 X 14875 0 0 John Lee Director 8 0 X 14720 0 0 John Witchel Board President 6 0 X 14700 0 0 3126835 20500 751110 61 0 1 0 Ward Electric Company Inc 3690 Stagecoach Rd Longmont CO 80504 Construction Services 1003197 Forestry Specialists 4285 County Road 141 Durango CO 81303 Tree Trimming Services 921399 UAV RECON LLC PO BOX 367 GEORGE WEST TX 78022 Drone Line Patrol Service 557856 ESC Engineering Inc 3540 JFK PARKWAY FORT COLLINS CO 80525 Engineering Services 526902 Reliable Power Consultants 1001 A East Harmony Road 143 Fort Collins CO 80525 Consulting Services 489632 13 0 0 0 0 0 0 0 0 Electric Energy Revenue & Gross Sales 221122 109513910 109513910 0 0 Miscellaneous Revenue 221000 860661 860661 0 0 0 0 0 0 110374571 277464 0 0 277464 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 67950 0 0 0 67950 67950 0 67950 0 0 0 0 0 0 0 0 0 0 0 0 0 25956 22072 3884 0 3884 0 G&T and other capital credits 221000 1050130 1050130 0 0 Other Revenue 221000 232734 232734 0 0 Gain/Loss from Subsidiary 900003 110716 110716 0 0 0 0 0 0 1393580 112117449 111768151 71834 277464 124148 124148 169000 169000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250831 250831 0 0 71092 71092 0 0 0 0 0 0 0 0 0 0 0 0 305556 305556 0 0 54730 54730 0 0 314858 314858 0 0 1296106 1296106 0 0 0 0 0 0 0 0 0 0 130104 130104 0 0 0 0 0 0 244718 244718 0 0 4169384 4169384 0 0 0 0 0 0 9961768 9961768 0 0 1649158 1649158 Cost of Power 68506034 68506034 0 0 Transmission & Distribution 6605894 6605894 0 0 Maintenance of distribution plant 3234789 3234789 0 0 G&A and other Customer Expenses 8502022 8502022 0 0 2937729 2937729 0 0 108527921 108527921 0 0 11089425 11785851 4001980 0 0 0 11907531 12853177 0 0 0 0 0 0 1772136 2675455 581039 601808 319496354 154128281 165872231 165368073 0 0 87132295 86749808 0 0 0 0 5165248 4910843 287521885 284945015 6995149 7295196 0 0 11137861 15863418 0 0 0 0 0 0 111266324 106772345 0 0 6550395 6264714 135949729 136195673 X 0 0 0 0 151572156 148749342 151572156 148749342 287521885 284945015 X 3589528 0 0 0 0 -6412342 X 1 X 1 X 1 0 0 4308934 4308934 0 8827601 5421331 3406270 0 12102 6215 5887 0 15788318 12211494 3576824 0 290559399 136489241 154070158 165368073 0 0 Investment in Subsidiary Company 8681985 C Investment in Associated Organizations - Patronage Capital 76374374 C Investment in Associated Organizations - Other - Nongeneral Funds 1693449 C 86749808 0 Consumer Deposits 701346 Accrued Taxes 1648751 Accrued Expenses 3914617 6264714 112117449 0 0 0 0 0 112117449 0 0 0 112117449 108527921 0 0 0 0 0 108527921 0 0 0 108527921 1 Upper San Juan Library District Ruby Sisson Memorial Library 811 San Jun Street PO Box 849 Pagosa Springs CO 81147 841003889 25000 0 Cost Stem Grant DURANGO SCHOOL DISTRICT 9R 201 E 12TH ST DURANGO CO 81301 21000 0 COST 0 STEM GRANT FRIENDS OF THE IGNACIO LIBRARY PO BOX 125 IGNACIO CO 81137 5750 0 0 0 EDUCATIONAL DONATION 3 0 Scholarships 17 169000 0 Cost Schedule I, Part I, Line 2 Donations and grants are awarded through initial review of the LPEA Round Up Foundation Board. A second level of review and approval is performed by the LPEA Board. Records are maintained through Board minutes and electronic accounting records. X 1 1 X X 0 0 0 Jessica Matlock Chief Executive Officer 423636 0 56259 0 6678 0 49698 0 26599 0 562870 0 0 0 Dan Harms Executive VP of Grid Solutions & Special Projects 211076 0 16878 0 35254 0 25398 0 26606 0 315212 0 0 0 Karl Ramsey Vice President of Finance 200120 0 16678 0 7105 0 26421 0 28849 0 279173 0 0 0 Graham Smith General Counsel 206039 0 16750 0 5520 0 25425 0 20927 0 274661 0 0 0 Jerry Sutherlin Vice President of Operations 156226 0 8115 0 69829 0 18804 0 21663 0 274637 0 0 0 Drew Timmerman Vice President of Information Technology 163908 0 7639 0 23684 0 19689 0 27406 0 242326 0 0 0 Hillary Knox Vice President of Communications 190054 0 7639 0 2783 0 22029 0 10022 0 232527 0 0 0 Garrett Hammer District Manager - Pagosa Springs 130544 0 7230 0 38946 0 16198 0 29156 0 222074 0 0 0 Elizabeth Howe VP of Administrative Services 120552 0 6080 0 9354 0 15286 0 15268 0 166540 0 0 0 Jake Wills System Engineer 124355 0 7132 0 89801 0 15152 0 26599 0 263039 0 0 0 John Hahn Dispatcher 122889 0 0 0 71135 0 10427 0 21923 0 226374 0 0 0 Michael Messier Foreman 170678 0 0 0 7453 0 13159 0 22066 0 213356 0 0 0 Jerry McKonly Dispatcher 144442 0 0 0 24032 0 11533 0 29136 0 209143 0 0 0 Darrick Robinson Manager of System Operations 116284 0 4559 0 37304 0 14734 0 31664 0 204545 0 0 0 Schedule J, Part I, Line 1a As a benefit to all employees, LPEA will pay a portion of health club dues. Schedule J, Part I, Line 3 LPEA obtains salary compensation reports developed by an independent third party from data gathered from cooperatives with similar demographics nation-wide. All compensation changes are reviewed and approved by the Executive committee; the Board of Directors gives final approval. Annual contracts are signed, and documentation of the discussions is noted in the Board of Director minutes. Form 990, Part VI, Section A, Line 6 LPEA is a member-owned cooperative Form 990, Part VI, Section A, Line 7a All directors on the Board are elected by a majority vote of the cooperative's member-owners, by district. Form 990, Part VI, Section A, Line 7b Bylaw changes and major decisions are subject to a majority vote of the cooperative's member-owners. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the organization's top management official, top financial official, and other key employees before being finalized and submitted. Form 990, Part VI, Section B, Line 12c LPEA Board of Directors, officers and key staff disclose any conflict of interest. All employees notify their supervisor of any potential conflicts of interest. Form 990, Part VI, Section B, Line 15 LPEA obtains salary compensation reports developed by an independent third party from data gathered from cooperatives with similar demographics nation-wide. All compensation changes are reviewed and approved by the Officers and Key Staff. Annual contracts are signed, and documentation of the discussion is noted in the Board of Director minutes. This process is performed for all non-bargaining unit employees. This process is performed annually. Form 990, Part VI, Section C, Line 19 Certain documents are available on the LPEA website or LPEA SmartHub application. If not available on those sites, documents are available upon request. Form 990, Part XI, Line 9 2022 allocated margin returned to members FastTrack Communications 779 Tech Center Drive Unit 200 Durango CO 81301 841610295 Telecommunications for Business CO N/A C 0.7625 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 FastTrack Communications j 26351 Cost