MISSOULA ELECTRIC COOPERATIVE INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MISSOULA ELECTRIC COOPERATIVE INC (EIN 81-0168065)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202533219349311603
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T12:53:30-05:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 475577310 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MADDAD Accounting and Tax Services | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7307 N DIVISION ST Ste 222 | AddressLine1Txt |
| City | Spokane | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99208 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810168065 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Missoula Electric Cooperative Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Mark Hayden | InCareOfNm |
| Business Name Control | MISS | BusinessNameControlTxt |
| Phone | 4065414433 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 W Broadway | AddressLine1Txt |
| City | Missoula | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59808 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK HAYDEN | PersonNm |
| Person Title | General Manager | PersonTitleTxt |
| Phone | 4065414433 | PhoneNum |
| Signature | 2025-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LOUIS BRANDLEY | PreparerPersonNm |
| PTIN | P03317786 | PTIN |
| Phone | 5092900106 | PhoneNum |
| Preparation | 2025-11-17 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $28,208,024 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.missoulaelectric.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | MT | LegalDomicileStateCd |
| Activity Or Mission | Missoula Electric Cooperative, Inc. strives to uphold a commitment to service excellence, while delivering safe, affordable and reliable electricty to its members. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 46 | TotalEmployeeCnt |
| Total Gross UBI | $1,073,824 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $833,270 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $24,414,484 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $26,480,461 | CYProgramServiceRevenueAmt |
| PY Investment Income | $421,231 | PYInvestmentIncomeAmt |
| CY Investment Income | $593,221 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,168,151 | PYOtherRevenueAmt |
| CY Other Revenue | $1,125,496 | CYOtherRevenueAmt |
| PY Total Revenue | $26,003,866 | PYTotalRevenueAmt |
| CY Total Revenue | $28,199,178 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $27,398 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,417,130 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,231,670 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,091,025 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,885,409 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,810,818 | PYOtherExpensesAmt |
| CY Other Expenses | $18,980,709 | CYOtherExpensesAmt |
| PY Total Expenses | $24,318,973 | PYTotalExpensesAmt |
| CY Total Expenses | $27,125,186 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,684,893 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,073,992 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $78,267,953 | TotalAssetsBOYAmt |
| Total Assets EOY | $81,628,275 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $41,453,999 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $43,740,329 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $36,813,954 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $37,887,946 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Missoula Electric Cooperative, Inc. strives to uphold a commitment to service excellence, while delivering safe, affordable and reliable electricty to its members. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | The Cooperative provides electric service to approximately 13,750 in Montana (six counties) and Idaho (one county). | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 38 | IRPDocumentCnt |
| IRP Document W2 G | 35 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 46 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $30,001,229 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,291,347 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MT | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Keelie Montalban | PersonNm |
| Phone | 4065414433 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 W Broadway | AddressLine1Txt |
| City | Missoula | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59808 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| Mark Hayden | ||||||||
| General Manager | 40.00 | 0.00 | Yes (X) | $343,381 | $0 | $131,429 | ||
| Keelie Montalban | ||||||||
| Assistant GM & CRO | 34.00 | 0.00 | Yes (X) | $163,617 | $0 | $88,206 | ||
| Nicholas Labbe | ||||||||
| Director of Operations | 40.00 | 0.00 | $162,723 | $0 | $81,817 | Yes (X) | ||
| Maxwell Bean | ||||||||
| Journeyman Lineman | 51.00 | 0.00 | $178,962 | $0 | $48,080 | Yes (X) | ||
| Seth Hill | ||||||||
| Journeyman Lineman | 48.00 | 0.00 | $172,883 | $0 | $50,957 | Yes (X) | ||
| Eric Nicoson | ||||||||
| Area Foreman | 45.00 | 0.00 | $160,654 | $0 | $52,346 | Yes (X) | ||
| Keven Kuhn | ||||||||
| CTO | 40.00 | 0.00 | Yes (X) | $166,576 | $0 | $46,338 | ||
| Steve Douglas | ||||||||
| Journeyman Lineman | 45.00 | 0.00 | $156,707 | $0 | $50,928 | Yes (X) | ||
| Peter Simonich | ||||||||
| Trustee | 5.00 | 0.00 | $28,530 | $0 | $0 | Yes (X) | ||
| Barrie Lewis | ||||||||
| Trustee | 4.00 | 0.50 | $25,580 | $2,250 | $0 | Yes (X) | ||
| Candace Jerke | ||||||||
| Secretary-Treasurer | 7.00 | 0.00 | $27,350 | $0 | $0 | Yes (X) | ||
| Guy Hanson | ||||||||
| Trustee | 5.00 | 0.00 | $25,710 | $0 | $0 | Yes (X) | ||
| Dena Hooker | ||||||||
| President | 4.00 | 0.00 | $24,990 | $0 | $0 | Yes (X) | ||
| Roy Handley | ||||||||
| Vice President | 5.00 | 0.50 | $23,975 | $750 | $0 | Yes (X) | ||
| Tom Alsaker | ||||||||
| Trustee | 3.00 | 0.50 | $23,975 | $750 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,685,613 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $3,750 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $550,101 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 28 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | CompensationCompensationAmt |
|---|---|---|---|---|
| Potelco | ||||
| PO Box 864396 | Dallas | TX | 75284 | $627,161 |
| RML | ||||
| 9900 Clay Flats Ln Ste E | Missoula | MT | 59808 | $551,703 |
| Hitchcock Tree Removal LLC | ||||
| 823 Indreland Rd | Missoula | MT | 59808 | $267,775 |
| Rocky Mountain Contractors | ||||
| PO BOX 8688 | Kalispell | MT | 59904 | $285,840 |
| Flathead Electric Coop | ||||
| 2510 US Hwy 2 E | Kalispell | MT | 59901 | $311,820 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Member power sales | 221000 | $26,291,505 | $26,291,505 |
| Other operating revenu | 221000 | $188,956 | $188,956 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $26,480,461 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $579,072 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $438,579 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $140,493 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $62,960 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $62,960 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $62,960 | TotalRevenueColumnAmt |
| Exclusion | $62,960 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,995 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $8,846 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $14,149 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,149 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $14,149 | RelatedOrExemptFuncIncomeAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| Equity in sub income | 221000 | $1,073,824 | $1,073,824 | |
| other non-op income | 221000 | -$11,288 | -$11,288 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,062,536 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,199,178 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $26,921,901 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,073,824 | UnrelatedBusinessRevenueAmt |
| Exclusion | $203,453 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,398 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,231,670 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,505,503 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,731,670 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,170,327 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $477,909 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,708 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,000 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,323 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,506 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,270 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,229 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,476 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,163 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,262,122 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,019,481 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,861 | TotalAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Cost of power | $12,236,764 | $12,236,764 |
| Distribution - operations | $3,432,227 | $3,432,227 |
| distribution - maintenance | $2,448,537 | $2,448,537 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$4,222,958 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,125,186 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $199,509 | BOYAmt |
| EOY | $190,753 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,656,395 | BOYAmt |
| EOY | $4,454,954 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,586,274 | BOYAmt |
| EOY | $3,323,047 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $801,188 | BOYAmt |
| EOY | $714,081 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $110,228,453 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $46,542,939 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,297,513 | BOYAmt |
| EOY | $63,685,514 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,030,985 | BOYAmt |
| EOY | $3,367,923 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,696,089 | BOYAmt |
| EOY | $5,892,003 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,267,953 | BOYAmt |
| EOY | $81,628,275 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,371,600 | BOYAmt |
| EOY | $4,556,026 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,550,098 | BOYAmt |
| EOY | $31,264,575 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $614,247 | BOYAmt |
| EOY | $3,051,889 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,918,054 | BOYAmt |
| EOY | $4,867,839 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,453,999 | BOYAmt |
| EOY | $43,740,329 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,399,048 | BOYAmt |
| EOY | $11,625,840 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,414,906 | BOYAmt |
| EOY | $26,262,106 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,813,954 | BOYAmt |
| EOY | $37,887,946 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,267,953 | BOYAmt |
| EOY | $81,628,275 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,073,992 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consol And Sep Basis Fincl Stmt | Yes (X) | ConsolAndSepBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $110,228,453 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $46,542,939 | DepreciationAmt |
| Book Value | $63,685,514 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $63,685,514 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Patronage capital credits | $1,580,328 | C |
| Capital term certificates | $569,904 | C |
| Investment in subsidiary | $3,705,762 | C |
| other investments in assoc orgs | $36,009 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $5,892,003 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Consumer prepayments | $349,851 |
| Deferred credits | $4,455,176 |
| operating lease liabilities | $62,812 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,867,839 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $28,204,299 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $28,204,299 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $28,204,299 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $25,893,516 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $25,893,516 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,231,670 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,231,670 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $27,125,186 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part XII, Line 4b-Other expenses not included on Sch D but on 990 | Retired Patronage capital credits totaling $1,231,670 |
| Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) | The Cooperative is a tax-exempt organization under the provisions of Section 501(c)(12) of the Internal Revenue Code. Accordingly, no provision for income taxes is recorded in the accompanying financial statements. However, the Cooperative is subject to tax on unrelated business income (see Note 4).The Cooperative has not identified any uncertain income tax positions that would jeopardize its tax-exempt status. The Cooperatives income tax returns are subject to review and examination by taxing authorities. With few possible exceptions, the tax returns essentially remain open for possible examination for a period of three years after the respective filing deadlines of those returns. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| Mark Hayden | ||||||
| General Manager | $310,590 | $20,000 | $12,791 | $109,359 | $22,070 | $474,810 |
| Keelie Montalban | ||||||
| Assistant GM & CRO | $146,517 | $17,000 | $100 | $57,328 | $30,878 | $251,823 |
| Nicholas Labbe | ||||||
| Director of Operations | $153,923 | $8,500 | $300 | $50,939 | $30,878 | $244,540 |
| Eric Nicoson | ||||||
| Area Foreman | $159,729 | $925 | $32,886 | $19,460 | $213,000 | |
| Keven Kuhn | ||||||
| CTO | $144,388 | $10,000 | $12,188 | $46,158 | $180 | $212,914 |
| Seth Hill | ||||||
| Journeyman Lineman | $172,006 | $877 | $31,497 | $19,460 | $223,840 | |
| Maxwell Bean | ||||||
| Journeyman Lineman | $178,560 | $402 | $28,620 | $19,460 | $227,042 | |
| Steve Douglas | ||||||
| Journeyman Lineman | $156,057 | $650 | $31,468 | $19,460 | $207,635 | |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | The Cooperative has 13,751 eligible voting members at December 31, 2024. Membersconsist of individuals and businesses that receive electric service from theCooperative. |
| Member election for additional members Part VI line 7a | Each year at the Cooperatives annual meeting, that is typically held in March, themembership elects two or three Directors to serve on the Board of Directors for athree-year term. |
| Governing body decisions Part VI line 7b | Changes to the Cooperatives bylaws require approval by its members. Each member isentitled to one vote for making changes to the Cooperatives bylaws. |
| Form 990 governing body review Part VI line 11 | After the Form 990 has been prepared by the independent accountants, management reviews the Form for accuracy and completeness. Once management believes the Form is complete and accurate, the Form is submitted to the Board for their review andapproval. Upon receiving their approval, the Form is signed by theSecretary/Treasurer prior to its filing. |
| Conflict of interest policy compliance Part VI line 12c | All trustees must disclose to the Board of Directors any situation or transaction on which the trustee is involved which violates, or could appear to violate the intent of the conflict of interest policy. The board will then determine what action, if any, should be taken. Each trustee is responsible for ensuring that his or her actions and behavior are in accordance with this policy. The Board President shall be responsible for ensuring that all trustees adhere of this policy; however, any trustee may bring to the attention of the Board any perceived violation of theconflict of interest policy. |
| CEO executive director top management comp Part VI line 15a | The National Rural Electric Association (NRECA) and Montana statewide organization - Montana Electric Cooperative Association (MECA) performs an annual salary survey by job classification. The Board of Directors makes use of these salary surveys from NRECA and MECA to determine the salary guidelines for the general manager salary. The general manager uses these salary surveys to determine the range of salaries for the exempt, non-union positions. The Cooperative lineman salaries are established by a signed collectively bargained union contract. |
| Other officer or key employee compensation Part VI line 15b | The National Rural Electric Association (NRECA) and Montana statewide organization - Montana Electric Cooperative Association (MECA) performs an annual salary survey by job classification. The Board of Directors makes use of these salary surveys from NRECA and MECA to determine the salary guidelines for the general manager salary. The general manager uses these salary surveys to determine the range of salaries for the exempt, non-union positions. The Cooperative lineman salaries are established by a signed collectively bargained union contract. |
| Governing documents etc available to public Part VI line 19 | All governing documents, policies, and financial reports - RUS Form 7 and Form 990 - are available upon request at the Cooperatives headquarter office. Also, bylaws and handbooks are given to every new member. Also, the Cooperatives statement of financial condition is disclosed annually to its membership with the annual meetingnotice. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Energy Parnters LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3050 Stockyard Rd | AddressLine1Txt |
| City | Missoula | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59808 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810535898 | EIN |
| Primary Activities | Sale of Propane and Propane Services | PrimaryActivitiesTxt |
| Legal Domicile State | MT | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEC owns 50 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Share Of Total Income | $898,713 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $9,856,690 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | false | DisproportionateAllocationsInd |
| General Or Managing Partner | Yes (true) | GeneralOrManagingPartnerInd |
| Ownership | 0.50000 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Missoula Electric Coop Educational | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1700 W Broadway | AddressLine1Txt |
| City | Missoula | CityNm |
| State Abbreviation | MT | StateAbbreviationCd |
| ZIP | 59808 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 276088993 | EIN |
| Primary Activities | Distribute funds for educational purposes | PrimaryActivitiesTxt |
| Legal Domicile State | MT | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | Trust | EntityTypeTxt |
| Share Of Total Income | $5,120 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $252,977 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (true) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Comments