2023-11-13T09:55:12-06:00 2022-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2022-01-01 840185658 DELTA MONTROSE ELECTRIC ASSOCIATION % GAYLE GOUKER CFO DELT 8776873632 11925 6300 ROAD MONTROSE CO 81401 JACK JOHNSTON JR CEO 9702494572 2023-11-06 true JACK JOHNSTON JR 999009999 AMBER SHERRILL P00748683 5013721040 2022 2023-04-26 12:10:37Z X JACK JOHNSTON JR 11925 6300 ROAD MONTROSE CO 81401 84491167 false X WWW.DMEA.COM X 1938 CO WE POWER AND UNITE COMMUNITIES 9 9 141 0 -154537 0 0 0 71968766 73497914 738172 1021280 9057081 -260257 81764019 74258937 22986 48968 4170529 10493605 10198783 9756326 0 0 0 60110745 60665320 74503043 80964219 7260976 -6705282 233268073 246172379 177606559 184661050 55661514 61511329 X WE ENERGIZE AND SERVE OUR COMMUNITIES BY ENSURING THE SAFETY OF MEMBERS AND EMPLOYEES; PROVIDING COMPETITIVE RATES WITH QUALITY SERVICE AND RELIABILITY; MAXIMIZING EFFICIENCIES; PROMOTING LOCAL ECONOMIC DEVELOPMENT; BEING NIMBLE AS WE INVESTIGATE AND PURSUE ENERGY OPTIONS. false false SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL, WITH 36,291 ACTIVE SERVICES AT YEAR END. false false false false false false false true false true false true true true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 43 0 true 141 true true true false false false false 72560834 6399338 false false false X 9 9 false false false false true true true true false false false true true true true true true true true false X X GAYLE GOUKER CFO 8776873632 11925 6300 ROAD MONTROSE CO 81401 X B KENT BLACKWELL INTERIM CEO 40.0 15.0 X 240700 0 57275 GAYLE GOUKER CHIEF FINANCIAL OFFICER 45.0 0.0 X 235165 0 60257 ALYSSA CLEMSEN ROBERTS CHIEF EXECUTIVE OFFICER 50.0 5.0 X 240704 0 45561 TIMOTHY VIGIL CHIEF OPERATIONS OFFICER 40.0 0.0 X 206377 0 33436 NATHAN PUDERBAUGH LINEMAN SERVICE TRUCK 44.0 0.0 X 136036 0 62863 CODY CARVER OPERATIONS SUPERVISOR 50.0 0.0 X 137636 0 53741 MATEUSZ PENA ENGINEERING & POWER MANAGER 46.0 0.0 X 167453 0 23675 MICHAEL KUTA JOURNEYMAN LINEMAN 63.0 0.0 X 142122 0 19174 BILL HUGHES LINE FOREMAN 43.0 0.0 X 133834 0 21027 DAMON LOCKHART DIRECTOR 6.8 1.7 X 23040 0 0 STACIA CANNON VICE PRESIDENT 6.0 1.5 X X 20120 0 0 JACOB GRAY DIRECTOR 6.4 1.6 X 18580 0 0 KYLE MARTINEZ PRESIDENT 12.0 3.0 X X 16340 0 0 JOHN FLEMING SECRETARY/TREASURER 12.0 3.0 X X 16290 0 0 WILLIAM PATTERSON DIRECTOR 5.6 1.4 X 16180 0 0 KEVIN WILLIAMS DIRECTOR 5.6 1.4 X 16100 0 0 ENNO HEUSCHER DIRECTOR 4.0 1.0 X 15960 0 0 KENNETH WATSON DIRECTOR 2.4 0.6 X 15720 0 0 1798357 0 377009 44 false true false LIGHTWORKS FIBER CONSULTING LLC PO BOX 193 HOTCHKISS CO 81419 FIBER CONSTR & INST 4483920 COHICK EXCAVATION LLC 20891 IRIS ROAD AUSTIN CO 81410 CONSTRUCTION 225924 MCCALL CONCRETE CONSTRUCTION LLC 61758 FALCON ROAD MONTROSE CO 81401 CONSTRUCTION 102740 3 X 0 SALES OF ELECTRICITY 623990 69858347 69858347 SERVICE FEES 623990 1914583 1914583 PATRONAGE DIVIDENDS 623990 993022 993022 RENEWABLE ENERGY CREDITS 623990 702544 702544 ELECTRIC WHEELING 623990 29418 29418 73497914 1017073 579538 437535 0 0 3246109 314850 10232230 -6986121 314850 -6671271 -7049307 378036 4207 4207 4207 4207 0 0 0 0 0 0 0 0 0 GRANTS FOR FIBER SUB 900099 5216145 5216145 MANAGEMENT FEES FROM DMEAUS 900099 765120 765120 DISPATCH SERVICES 900099 333967 333967 95782 95782 6411014 74258937 73497914 -154537 915560 48968 0 0 10493605 1277805 0 5761289 1343374 811041 562817 0 252737 47450 73747 0 0 0 49255 0 0 0 0 0 0 0 5147771 0 8437348 0 PURCHASED POWER 38852339 ADMIN & GENERAL EXPENSE 3231810 DISTRIBUTION EXPENSE 2465226 CONSUMER ACCOUNTS 546375 1561262 80964219 22402629 415075 1664116 2219774 0 0 13023517 11843504 0 0 0 0 14304098 14171239 4714530 6191844 3911031 217563 281648146 109824452 167167562 171823694 0 0 -4859357 0 4802608 24562734 0 0 6137339 14726952 233268073 246172379 8756849 12310145 0 0 0 10431729 0 0 1194779 1076054 0 0 143777805 138311459 0 0 23877126 22531663 177606559 184661050 X 0 0 0 0 55661514 61511329 55661514 61511329 233268073 246172379 X -6705282 12555097 X false true X true false false true X 4217792 4217792 9900262 5476707 4423555 253359809 104347745 149012064 14170283 14170283 171823694 INVESTMENTS - PROGRAM 24562734 F 24562734 DUE FROM AFFILIATES 11202700 ACCRUED INTEREST 13343 DEFERRED CHARGES 3510909 14726952 0 CONSUMER DEPOSITS 1389750 DEFERRED CREDITS 15546158 DUE TO AFFILIATES 5595755 22531663 79437953 11088111 11088111 68349842 5909095 5909095 74258937 70080895 70080895 10883324 10883324 80964219 FORM 990, SCHEDULE D, PART IV, LINE 2B PURSUANT TO THE BYLAWS OF THE COOPERATIVE, A PATRON IS DEEMED TO HAVE CONTRIBUTED HIS/HER/ITS PATRONAGE CAPITAL RETIREMENT IF THE RESPECTIVE CHECK OR OTHER FORM OF PAYMENT HAS BEEN UNCLAIMED FOR A PERIOD OF THREE YEARS, AND FOR WHICH PROPER NOTIFICATION TO THE PATRON HAS BEEN MADE. SUCH UNCLAIMED PATRONAGE CAPITAL RETIREMENTS ARE USED TO ESTABLISH A FUND FOR EDUCATIONAL, CHARITABLE, ALTERNATIVE OR ENERGY PURPOSES AND FOR OTHER ACTIVITIES APPROVED BY THE BOARD OF DIRECTORS THAT WILL BENEFIT THE COOPERATIVE'S SERVICE TERRITORY. THE APPLICABLE BOARD POLICY PROVIDES SPECIFIC GUIDANCE REGARDING THE ELIGIBLE GRANTS AND SCHOLARSHIPS. FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 2D EQUITY IN EARNINGS OF SUBSIDIARY $1,086,201 BOOK TO TAX DEPRECIATION DIFFERENCE $10,001,910 ------------------------------------------------------ TOTAL $11,088,111 FORM 990, SCHEDULE D, PART XI, LINE 4B SHARED SALARY EXPENSE 765,120 UBI GRANT INCOME 4,754,256 REVENUES IN EXPENSES PER AUDIT 389,719 ----------------------------------------------------- TOTAL $5,909,095 FORM 990, SCHEDULE D, PART XII, LINE 4B PATRONAGE CAPITAL ASSIGNED 10,493,605 REVENUE IN EXPENSE PER AUDIT 389,719 ---------------------------------------------------- TOTAL $10,883,324 X X X false false false ALYSSA CLEMSEN ROBERTS CHIEF EXECUTIVE OFFICER 184275 0 20000 0 36429 0 23005 0 22556 0 286265 0 0 0 B KENT BLACKWELL INTERIM CEO 231986 0 0 0 8714 0 29149 0 28126 0 297975 0 0 0 GAYLE GOUKER CHIEF FINANCIAL OFFICER 221419 0 10750 0 2996 0 27002 0 33255 0 295422 0 0 0 MATEUSZ PENA ENGINEERING & POWER MANAGER 159049 0 8000 0 404 0 19496 0 4179 0 191128 0 0 0 MICHAEL KUTA JOURNEYMAN LINEMAN 131029 0 0 0 11093 0 0 0 19174 0 161296 0 0 0 CODY CARVER OPERATIONS SUPERVISOR 119088 0 12101 0 6447 0 27901 0 25840 0 191377 0 0 0 NATHAN PUDERBAUGH LINEMAN SERVICE TRUCK 126785 0 0 0 9251 0 41892 0 20971 0 198899 0 0 0 BILL HUGHES LINE FOREMAN 124052 0 0 0 9782 0 0 0 21027 0 154861 0 0 0 TIMOTHY VIGIL CHIEF OPERATIONS OFFICER 194083 0 10750 0 1544 0 0 0 33436 0 239813 0 0 0 FORM 990, SCHEDULE J, PART II, COLUMN C INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. ALYSSA CLEMSEN ROBERTS TOTAL REPORTED IN COLUMN C 23,005 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 23,005 B. KENT BLACKWELL TOTAL REPORTED IN COLUMN C 29,149 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 29,149 GAYLE GOUKER TOTAL REPORTED IN COLUMN C 27,002 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 27,002 MATEUSZ PENA TOTAL REPORTED IN COLUMN C 19,496 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 19,496 MICHAEL KUTA TOTAL REPORTED IN COLUMN C 0 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 16,174 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 16,174 CODY CARVER TOTAL REPORTED IN COLUMN C 27,901 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 27,901 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 21,585 --------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 21,585 NATHAN PUDERBAUGH TOTAL REPORTED IN COLUMN C 41,892 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 41,892 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 18,316 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 18,316 BILL HUGHES TOTAL REPORTED IN COLUMN C 0 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 19,040 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 19,040 TIMOTHY VIGIL TOTAL REPORTED IN COLUMN C 0 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 ---------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 0 FORM 990, PART VI, SECTION A, LINE 6 SINGLE CLASS OF MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE ONE VOTE PER MEMBER TO ELECT THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE THE APPROVAL OF THE MEMBERS OF THE COOPERATIVE; DISSOLUTION OR LIQUIDATION OF THE COOPERATIVE; MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION; DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; AMENDEMENT TO THE ARTICLES OF INCORPRATION AND BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURNS WILL BE REVIEWED IN DETAIL BY THE CFO WITH A COMMITTEE OF THE BOARD, FOLLOWED BY A RECAP OF THE REVIEW TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS CONDUCT AN ANNUAL REVIEW OF THE CONFLICT OF INTEREST POLICY AND OBTAINS THE SIGNATURE OF EACH BOARD MEMBER ACKNOWLEDGING THE REVIEW OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR CEOS FROM COOPERATIVES LOCATED IN COLORADO AND THE NATION. THE MANAGEMENT COMPENSATION PLAN IS APPROVED BY THE BOARD OF DIRECTORS. A REVIEW WAS CONDUCTED BY THE BOARD WHEN THEY HIRED THE CEO IN DECEMBER 2022. FORM 990, PART VI, SECTION B, LINE 15B THE CEO USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S OTHER OFFICERS. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT COLORADO AND THE NATION. THE REVIEW WAS COMPLETED IN 2022 BY THE CHIEF RELATIONS OFFICER. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY TO ANY MEMBER MAKING SUCH A REQUEST, IN ACCORDANCE WITH BOARD POLICY. AUDITED AND INTERIM FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE AND THE MEMBER PORTAL. FORM 990, PART VIII, LINE 6D POLE RENTAL INCOME EXCLUDED FROM UNRELATED BUSINESS INCOME $367,490 FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL RETIRED (3,507,243) EQUITY IN EARNINGS OF SUBSIDIARY 1,086,201 BOOK TO TAX DEPRECIATION DIFFERENCE 10,001,910 UBI GRANT INCOME (4,754,256) SHARED SALARY EXPENSE (765,120) PATRONAGE CAPITAL ASSIGNED 10,493,605 ---------------------------------------------------- TOTAL 12,555,097 DMEA UTILITIES SERVICES LLC 11925 6300 ROAD SUITE 101 MONTROSE CO 81401 841556992 BROADBAND INVEST CO DMEA C-CORP 12602551 23875099 1.00000 true true false false true false false false false false false false false false true true false true false true DMEA UTILITIES SERVICES LLC A 3542687 FMV DMEA UTILITIES SERVICES LLC D 14115250 FMV DMEA UTILITIES SERVICES LLC O 765120 FMV DMEA UTILITIES SERVICES LLC S 482072 FMV