2019-11-04T09:06:17-07:00 2018-12-31 990 2018-01-01 840248168 LA PLATA ELECTRIC ASSOCIATION INC LAPL 9703823576 PO Box 2750 Durango CO 813022750 Jessica Matlock Chief Executive Officer 9703823576 2019-11-04 206.123.221.94 2018 2020-04-17 16:48:07Z Jessica Matlock PO Box 2750 Durango CO 81301 111229210 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 12 118 0 0 0 0 0 106290901 106932915 513099 559458 4791637 3736837 111595637 111229210 273872 535871 0 0 0 0 0 0 0 104289262 106041981 104563134 106577852 7032503 4651358 308431574 299179864 165998341 157473784 142433233 141706080 To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 0 0 106577852 0 111229210 LPEA is an electric distribution system; as of December 31, 2018, LPEA had 45,866 services in place and 3,723 miles of line. 0 0 0 106577852 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 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 1 118 0 118 1 0 0 0 0 0 106513532 4715678 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Monica Rodriguez 9703823575 PO Box 2750 Durango CO 813022750 Bob Lynch President 8.37 2 X 18451 0 0 Britt Bassett Vice President 8.69 0 X 18080 0 0 Daniel K Huntington Secretary 9.65 0 X 18979 0 0 Tim Wheeler Treasurer 8.13 0 X 12620 0 0 Davin Montoya Director 5.31 0 X 16953 0 0 Doug Lyon Director 5.71 0 X 14860 0 0 Karen Barger Director 11.5 0 X 9399 0 0 Michael Alley Director 6.6 0 X 17048 0 0 Robert Formwalt Director 7.15 0 X 6806 0 0 Rachel Landis Director 9.67 0 X 18569 0 0 Kohler McInnis Director 11.46 2 X 20398 0 0 Jack Turner Director 11.4 0 X 23428 0 0 Guinn Unger Director 6 0 X 18457 0 0 Kirsten Skeehan Director 13.47 5.00 X 13237 11000 0 Michael Dreyspring Chief Executive Officer 60 5 X 258238 0 59656 Dennis Svanes Chief Financial Officer 50 0 X 189060 0 55054 Ron Meier Manager of Engineering 50 0 X 197111 0 54892 Daniel Harms Manager of Rates, Technology, and Energy 50 0 X 173749 0 57090 Justin Talbot Manager of Operations 50 0 X 153191 0 47718 Jerry B McKonly Dispatcher 40 0 X 134565 0 40636 Rachel Killinen Dispatcher 40 0 X 129467 0 41744 Nadine Ontiveros Manager of Human Resources 50 0 X 133484 0 46077 Aaron Renner Dispatcher 40 0 X 135936 0 35138 Jerry Wills Pagosa Springs District Manager 50 0 X 139108 0 49974 1871194 11000 487979 25 0 1 0 Forestry Specialists 4285 County Road 141 Durango CO 81303 Tree Trimming Services 910408 Ward Electric Company Inc 3690 Stagecoach Rd Longmont CO 80504 Construction Services 1201575 Jaco Construction Inc PO Box 1167 Ephrata WA 98823 Construction Services 927361 Reliable Power Consultants 1001 A East Harmony Road 143 Fort Collins CO 80525 Consulting Services 488187 Intermountain Electric Service Inc 701 South Federal Blvd Riverton WY 82501 Construction Services 1301247 12 0 0 0 0 0 0 0 0 Electric energy revenue and gross sale 221122 106513532 106513532 0 0 Miscellaneous Revenue 221000 419383 419383 0 0 0 0 0 0 106932915 559458 0 0 559458 0 0 0 0 0 0 0 0 0 0 0 0 0 G&T and other Capital Credits 221000 3016838 3016838 0 0 Non Operating Margins - Other Revenue 221000 58979 58979 0 0 Gain/Loss from Subsidiary 900003 661020 661020 0 0 0 0 0 0 3736837 111229210 110669752 0 559458 454871 81000 67722 4789906 9167202 Cost of power and goods sold 71065807 Transmission and distribution 8941614 Maintenance of Distribution Plant 3243071 G&A and Other Customer Expenses 8460584 306075 106577852 0 0 0 7774800 10539727 20637965 8102453 0 0 11877235 12323181 0 0 0 0 0 0 1395561 1572606 391597 765528 292552599 121665605 172816011 170886994 0 0 88469499 89747749 0 0 0 0 5068906 5241626 308431574 299179864 8135357 7627661 0 0 18922388 15646271 0 0 0 0 0 0 132158216 127133216 0 0 6782380 7066636 165998341 157473784 X 0 0 0 0 142433233 141706080 142433233 141706080 308431574 299179864 X 4651358 0 0 0 0 -5378511 X 0 1 X 1 0 0 3808284 3808284 0 8108601 4611214 3497387 0 0 0 0 0 15766946 10525558 5241388 0 264868768 106528833 158339935 170886994 0 0 Investment in Subsidiary Company 6610305 C Investment in Assoicated Organizations - Patronage Capital 81151632 C Investment in Associated Organizations - Other - Nongeneral Funds 1938949 C Other Investments 46863 C 89747749 Right of Way Easement 814039 Debt Prepayment Fee 4169864 Miscellaneous Contracts 177468 Other Deferred Debits 80255 5241626 0 Consumer Deposits 1306089 Accrued Taxes 1616567 Accrued Expenses 4143980 7066636 1 LPEA Round Up Foundation PO Box 2750 Durango CO 81302 841327921 501(c)(3) 101512 0 Cost n/a To support the LPEA Round Up Foundation mission Fort Lewis College 1000 Rim Drive Durango CO 81301 237122114 501(c)(3) 100000 Cost n/a To support the Fort Lewis College Foundation mission to build a new Geo-Sciences building. Upper San Juan Health Service District 95 S Pagosa Blvd Pagosa Springs CO 81147 840866061 501(c)(3) 10000 0 Cost n/a To support the Upper San Juan Health Service District mission. 4Core 10 Town Plaza PO Box 190 Durango CO 81301 262091859 501(c)(3) 12520 0 Cost n/a To support the 4Core mission. Community Foundation Serving SW Colorado PO Box 1673 Durango CO 81302 841474900 25000 0 Cost n/a 416 Fire relief fund. Durango Education Center 701 Camino Del Rio Suite 301 Durango CO 81301 841118878 501(c)(3) 6100 0 Cost n/a The support the Durango Education Center mission. Manna Soup Kitchen PO Box 1196 Durango CO 81301 841004473 501(c)(3) 19920 0 Cost n/a To support the Manna Soup Kitchen mission. Rise Above Violence PO Box 2913 Pagosa Springs CO 81147 311622803 501(c)(3) 12000 0 Cost n/a To support the Rise Above Violence mission. Mercy Health Foundation 1010 Three Springs Blvd Suite 108 Durango CO 81301 840902211 501(c)(3) 10000 0 Cost n/a To support the Mercy Health Foundation mission. iAM MUSIC Institute 1315 Main Ave Suite 207 Durango CO 81301 464504205 501(c)(3) 5217 0 Cost n/a To support the iAM MUSIC Institute mission. Boys & Girls Club of La Plata County 2750 Main Ave Durango CO 81301 205112759 501(c)(3) 8468 0 Cost n/a To support the Boys & Girls Club of La Plata County mission. Pagosa Peak Open School 7 Parelli Way Pagosa Springs CO 81147 814785292 501(c)(3) 25000 0 Cost n/a To support the Pagosa Peak Open School mission. Habitat for Humanity PO Box 2827 Pagosa Springs CO 81147 841284358 501(c)(3) 6500 0 Cost n/a To support the Habitat for Humanity mission. Justice Ministries of Pagosa 459 Lewis St Pagosa Springs CO 81147 272097342 501(c)(3) 12295 0 Cost n/a To support the Justice Ministries of Pagosa mission. Environmental Center - FLC 1000 Rim Drive Durango CO 81301 846000556 501(c)(3) 6500 0 Cost n/a To support the Environmental Center - FLC mission. 15 0 Scholarships 17 81000 0 Cost n/a 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 Michael Dreyspring Former Chief Executive Officer 247371 0 0 0 20648 0 26779 0 23096 0 317894 0 0 0 Dennis Svanes Chief Financial Officer 181500 0 3627 0 11285 0 20761 0 26941 0 244114 0 0 0 Ron Meier Manager of Engineering 181020 0 5804 0 18532 0 19656 0 26991 0 252003 0 0 0 Daniel Harms Manager of Rates, Technology, and Energy 165631 0 5804 0 14015 0 18399 0 26991 0 230840 0 0 0 Justin Talbot Manager of Operations 143056 0 4353 0 13216 0 15443 0 24841 0 200909 0 0 0 Rachel Killinen Dispatcher 129467 0 0 0 6501 0 8301 0 26941 0 171210 0 0 0 Jerry B McKonly Dispatcher 134565 0 0 0 6444 0 8301 0 25891 0 175201 0 0 0 Nadine Ontiveros Manager of Human Resources 130295 0 3189 0 10709 0 14882 0 20486 0 179561 0 0 0 Aaron Renner Dispatcher 135936 0 0 0 5221 0 8301 0 21616 0 171074 0 0 0 Jerry Wills Pagosa Springs District Manager 128685 0 3189 0 18331 0 13495 0 25381 0 189081 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 LPEA officers and key staff before being finalized and submitted. Form 990, Part VI, Section B, Line 12c LPEA Board of Directors, officers, and key staff disclose any conflicts 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. The Board of Directors give final approval. 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. The most recent reviews occurred in April 2018 and 2019. 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 2018 allocated margin adjustment FastTrack Communications 779 Tech Center Drive Unit 200 Durango CO 81301 841610295 Telecommunications for Business CO N/A C 661020 6610303 0.7625 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 FastTrack Communications o 0 Amounts involved were less than the IRS threshold of $50,000 and do not need to be reported. FastTrack Communications n 0 Amounts involved were less than the IRS threshold of $50,000 and do not need to be reported. FastTrack Communications r 0 Amounts involved were less than the IRS threshold of $50,000 and do not need to be reported. FastTrack Communications s 0 Amounts involved were less than the IRS threshold of $50,000 and do not need to be reported. Resignation of Chief Financial Officer.