2018-05-08T09:31:14-07:00 2017-12-31 990 2017-01-01 840248168 LA PLATA ELECTRIC ASSOCIATION INC LAPL 9703823584 PO Box 2750 Durango CO 813022750 Michael Dreyspring Chief Executive Officer 9703823584 2018-04-27 2017 2022-09-23 18:48:47Z Michael Dreyspring PO Box 2750 Durango CO 81302 111595637 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 12 124 0 0 0 0 0 103019899 106290901 473841 513099 2475731 4791637 105969471 111595637 287028 273872 0 0 0 0 0 0 0 99815387 104289262 100102415 104563134 5867056 7032503 302738376 308431574 163472781 165998341 139265595 142433233 To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 0 0 104563134 0 111595637 LPEA is an electric distribution system; as of December 31, 2017, LPEA had 45,361 services in place and 3,714 miles of line. 0 0 0 104563134 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 1 117 0 1 124 1 0 0 0 0 0 104789645 6805992 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 Rachel Gilman 9703823584 PO Box 2750 Durango CO 813022750 Davin Montoya President 4.77 0 X 16575 0 0 Bob Lynch Vice President 4.27 0 X 14875 0 0 Doug Lyon Treasurer 2.6 0 X 8925 0 0 Karen Barger Secretary 9 0 X 19200 0 0 Michael Alley Director 6.56 1.39 X 17525 0 0 Britt Bassett Director 4.79 0 X 14725 0 0 Robert Formwalt Director 5.79 0 X 16025 0 0 Daniel K Huntington Director 7.96 0 X 16850 0 0 Rachel Landis Director 7.31 0 X 10200 0 0 Kohler McInnis Director 13.88 1.2 X 20225 0 0 Jack Turner Director 8.25 0 X 17085 0 0 Guinn Unger Director 4.75 1.71 X 12150 0 0 Jeffrey A Berman Former Director 6.88 0 X 6725 0 0 Joseph Wheeling Former Director 4 0 X 5125 29518 0 Michael Dreyspring Chief Executive Officer 60 5 X 237904 0 58992 Dennis Svanes Chief Financial Officer 50 0 X 184630 0 54468 Ron Meier Manager of Engineering 50 0 X 186892 0 55462 Daniel Harms Manager of Rates, Technology, and Energy 50 0 X 170465 0 52084 Justin Talbot Manager of Operations 50 0 X 140942 0 47792 Linda Looman Former Manager of Customer Service and HR 50 0 X 137633 0 41814 John L Hahn Dispatcher 40 0 X 134425 0 37660 Jerry B McKonly Dispatcher 40 0 X 136547 0 40800 Terry P Fahrion Former Working Foreman 40 0 X 166224 0 19431 1691872 29518 408503 27 0 1 0 Forestry Specialists 4285 County Road 141 Durango CO 81303 Tree Trimming Services 903459 Ward Electric Company Inc 3690 Stagecoach Rd Longmont CO 80504 Construction Services 808509 Jaco Construction Inc PO Box 1167 Ephrata WA 98823 Construction Services 775560 Reliable Power Consultants 1001 A East Harmony Road 143 Fort Collins CO 80525 Consulting Services 548509 Intermountain Electric Service Inc 701 South Federal Blvd Riverton WY 82501 Construction Services 416071 9 0 0 0 0 0 0 0 0 Electric energy revenue and gross sales 221122 104789645 104789645 0 0 Miscellaneous Revenue 221000 1501256 1501256 0 0 0 0 0 0 106290901 513099 513099 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 G&T and other Capital Credits 221000 4088362 4088362 0 0 NonOperating Margins - Other Revenue 221000 48420 48420 0 0 Gain/Loss from Subsidiary 900003 654855 654855 0 0 0 0 0 0 4791637 111595637 111595637 0 0 191372 82500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65417 0 0 0 0 0 0 0 4806741 0 9102546 0 Cost of power and goods sold 71019852 Transmission and distribution 7646226 Maintenance of Distribution Plant 3485159 G&A and Other Customer Expenses 7933820 229501 104563134 0 0 0 9636811 7774800 14111228 20637965 0 0 14050957 11877235 0 0 0 0 0 0 1532448 1395561 509743 391597 294071651 121255640 177568387 172816011 0 0 85019273 88469499 0 0 0 0 309529 5068906 302738376 308431574 3555859 8135357 0 0 21173705 18922388 0 0 0 0 0 0 131991144 132158216 0 0 6752073 6782380 163472781 165998341 X 0 0 0 0 139265595 142433233 139265595 142433233 302738376 308431574 X 7032503 0 0 0 0 -3864865 X 0 1 X 1 0 3808284 0 3808284 8057059 0 4417449 3639610 0 0 0 0 19121060 0 14508256 4612804 263085248 0 102329935 160755313 172816011 0 C 0 C Investment in Subsidiary Company 5949283 C Investment in Associated Organizations - Patronage Capital 80513307 C Investment in Associated Organizations - Other - Nongeneral Funds 1938949 C Other Investments 67960 C 88469499 Right of Way Easement 530921 Debt Prepayment Fee 4317034 Miscellaneous Contracts 144620 Other Deferred Debits 76331 5068906 0 Consumer Deposits 1248987 Accrued Taxes 1554534 Accrued Expenses 3978859 6782380 111595637 0 0 0 0 0 111595637 0 0 0 111595637 104563134 0 0 0 0 0 104563134 0 0 0 104563134 1 LPEA Round Up Foundation PO Box 2750 Durango CO 81302 841327921 501(c)(3) 90270 0 Cost n/a To support the LPEA Round Up Foundation mission. Fort Lewis College Foundation 1000 Rim Drive Durango CO 81301 237122114 501(c)(3) 50000 0 Cost n/a To support the Fort Lewis College Foundation mission to build a new Geo-Sciences building. 30 0 Scholarships 17 82500 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 X 0 0 0 Michael Dreyspring Chief Executive Officer 237904 0 0 0 9400 0 26546 0 23046 0 296896 0 0 0 Dennis Svanes Chief Financial Officer 175110 0 5804 0 11101 0 20142 0 26941 0 239098 0 0 0 Ron Meier Manager of Engineering 171067 0 5804 0 19538 0 19004 0 26941 0 242354 0 0 0 Daniel Harms Manager of Rates, Technology, and Energy 160270 0 5804 0 11683 0 17851 0 26941 0 222549 0 0 0 Justin Talbot Manager of Operations 134865 0 0 0 13493 0 15035 0 25341 0 188734 0 0 0 Linda Looman Former Manager of Customer Service and HR 137633 0 0 0 6559 0 15619 0 19636 0 179447 0 0 0 John L Hahn Dispatcher 134425 0 0 0 9147 0 8067 0 20446 0 172085 0 0 0 Jerry B McKonly Dispatcher 136547 0 0 0 6892 0 8067 0 25841 0 177347 0 0 0 Terry P Fahrion Former Working Foreman 88734 0 0 0 81256 0 8655 0 7010 0 185655 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 An independent third party provides salary compensation reports from data gathered from other similar cooperatives nationwide. All compensation changes are reviewed and approved by the Executive committee; the Board of Directors give 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 An independent third party provides salary compensation reports 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 2017 and 2018. 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 2017 allocated margin adjustment FastTrack Communications 779 Tech Center Drive Unit 200 Durango CO 81301 841610295 Telecommunications for Business CO N/A C 654854 5949283 0.7625 0 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.