2023-10-03T14:14:34-04:00 2022-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2022-01-01 830154975 WHEATLAND RURAL ELECTRIC ASSOCIATION INC WHEA 3073222125 2154 SOUTH STREET WHEATLAND WY 82201 JASON WRIGHT OPERATIONS MANAGER 3073222125 2023-10-03 true JASON WRIGHT 999009999 false THOMAS F HANCOCK CPA P00501575 9138311150 2023-10-03 2022 2023-04-26 12:10:37Z DONALD E SMITH 18066597 false X WWW.WHEATLANDREA.COM X 1936 WY WHEATLAND REA WILL GIVE EXCELLENT SERVICE, PROVIDED BY A WELL-TRAINED PROFESSIONAL AND KNOWLEDGEABLE STAFF TO ALL OF OUR RATE CLASSES. WE REALIZED THE NECESSITY OF ATTRACTING AND RETAINING LARGE POWER CONSUMERS TO HELP CONTAIN THE COST OF POWER FOR ALL OUR CONSUMERS. TO THIS END, WHEATLAND REA ACTIVELY PURSUES NEW INNOVATIVE IDEAS AND PRACTICES TO HELP LARGE USERS STREAMLINE THEIR OPERATIONS AND POWER USAGE, AT THE SAME TIME WORKING TO IDENTIFY PROGRAMS TO HELP ALL RATE CLASSES. WE WILL MAINTAIN OUR EXCELLENT RECORD OF SERVICE AND RELIABILITY TO ALL RATE CLASSES. 5 5 23 0 0 16959786 17902509 114357 167954 38387 -37377 17112530 18033086 0 1551392 1177755 573348 598515 0 0 14987790 16256816 17112530 18033086 0 32258120 42959601 12258266 22303072 19999854 20656529 X WHEATLAND REA WILL GIVE EXCELLENT SERVICE, PROVIDED BY A WELL-TRAINED PROFESSIONAL AND KNOWLEDGEABLE STAFF TO ALL OF OUR RATE CLASSES. WE REALIZED THE NECESSITY OF ATTRACTING AND RETAINING LARGE POWER CONSUMERS TO HELP CONTAIN THE COST OF POWER FOR ALL OUR CONSUMERS. TO THIS END, WHEATLAND REA ACTIVELY PURSUES NEW INNOVATIVE IDEAS AND PRACTICES TO HELP LARGE USERS STREAMLINE THEIR OPERATIONS AND POWER USAGE, AT THE SAME TIME WORKING TO IDENTIFY PROGRAMS TO HELP ALL RATE CLASSES. WE WILL MAINTAIN OUR EXCELLENT RECORD OF SERVICE AND RELIABILITY TO ALL RATE CLASSES. false false WHEATLAND RURAL ELECTRIC ASSOCIATION, INC. IS A MEMBER OWNED ELECTRIC COOPERATIVE THAT PROVIDES 1,806 MILES OF LINE, AS WELL AS 4,290 DIFFERENT SERVICES TO AROUND 1,978 MEMBERS. false false false false false false false false false true false true false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 16 0 true 23 true false false false false false 18749969 655041 false false false X 5 5 false false false false true true true true true false false false true true true true true true true false X DONALD E SMITH 3073222125 2154 SOUTH STREET WHEATLAND WY 82201 DONALD E SMITH GENERAL MANA 40.00 X 184791 0 55919 JASON WRIGHT OPERATIONS M 40.00 X 145603 0 48813 RHONDA APODACA FINANCE MANA 40.00 X 111549 0 33024 SANDY HRANCHAK DIRECTOR 1.00 X 6800 0 0 ROBERT BROCKMAN DIRECTOR 1.00 X 2950 0 0 JACK FINNERTY DIRECTOR 1.00 X 2900 0 0 BRITT WILSON DIRECTOR 1.00 X 2500 0 0 AMY MILLER DIRECTOR 1.00 X 2250 0 0 CANDY GERINGER DIRECTOR 1.00 X 1376 0 0 460719 137756 3 false true false FRONT RANGE POWER LINE SVCS PO BOX 460 GLENROCK WY 82637 POWERLINE BUILD 387146 1 SALE OF ELECTRICITY 221000 17446507 17446507 CAPITAL CREDITS 221000 320116 320116 MISC ELECTRIC REVENUE 221000 135886 135886 17902509 142624 142624 3937 3937 3937 3937 58841 33511 25330 25330 25330 MISC NON ELECTRIC 900099 -41314 -41314 -41314 18033086 17886525 146561 X 1177755 404059 194456 809401 930074 COST OF POWER 11283565 DISTRIBUTION EXPENSE 1626838 ADMIN & GENERAL 1257393 MEMBER SERVICES 349545 18033086 0 0 0 510812 3431827 6000000 1479385 1525645 423935 541669 351737 261230 36751017 15516317 19729740 21234700 9763448 9937535 -937 26995 32258120 42959601 1448966 1167603 10644969 20977945 164331 157524 12258266 22303072 X 904386 909709 19095468 19746820 19999854 20656529 32258120 42959601 X 0 656675 X X false false 117637 117637 937684 480229 457455 35695696 15036088 20659608 21234700 INVESTMENT IN ASSOCIATED ORGAN 9665574 C SUBORDINATED CERTIFICATES 271961 C 9937535 OTHER CURRENT LIABILITIES 265924 POST RETIREMENT BENEFIT -108400 157524 X SCHEDULE D, PAGE 3, PART X AN EVALUATION OF WHETHER OR NOT IT HAS ANY UNCERTAIN TAX POSITIONS IS DETERMINED ON AN ANNUAL BASIS BY THE COOPERATIVE. WHILE THE COOPERATVIVE BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE COOPERATIVE. THE COOPERATIVE RECOGNIZES ANY INTEREST AND PENALTIES IN INCOME TAX EXPENSE AND, WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR THE YEARS BEFORE 2019. X X false false false DONALD E SMITH GENERAL MANAGER 184791 20384 35535 240710 JASON WRIGHT OPERATIONS MANAGER 145603 14204 34609 194416 FORM 990 - ORGANIZATION'S MISSION WHEATLAND REA WILL GIVE EXCELLENT SERVICE, PROVIDED BY A WELL-TRAINED PROFESSIONAL AND KNOWLEDGEABLE STAFF TO ALL OF OUR RATE CLASSES. WE REALIZED THE NECESSITY OF ATTRACTING AND RETAINING LARGE POWER CONSUMERS TO HELP CONTAIN THE COST OF POWER FOR ALL OUR CONSUMERS. TO THIS END, WHEATLAND REA ACTIVELY PURSUES NEW INNOVATIVE IDEAS AND PRACTICES TO HELP LARGE USERS STREAMLINE THEIR OPERATIONS AND POWER USAGE, AT THE SAME TIME WORKING TO IDENTIFY PROGRAMS TO HELP ALL RATE CLASSES. WE WILL MAINTAIN OUR EXCELLENT RECORD OF SERVICE AND RELIABILITY TO ALL RATE CLASSES. FORM 990, PAGE 6, PART VI, LINE 6 WHEATLAND RURAL ELECTRIC ASSOCIATION, INC. IS A NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION WHOSE MEMBERS HAVE IDENTICAL VOTING RIGHTS AND ARE ASSIGNED MARGINS IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7A ALL BOARD MEMBERS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B CHANGES TO THE BYLAWS ARE RATIFIED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS FIRST REVIEWED AND APPROVED BY UPPER MANAGEMENT BEFORE IT IS FILED; AND, IS MADE AVAILABLE UPON REQUEST TO THE BOARD AFTER IT IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION MONITORS THEIR CONFLICT OF INTEREST POLICY THROUGH A REVIEW WITH THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD REVIEWS MANAGER COMPARABILITY DATA WHEN GIVING FINAL APPROVAL ON THE GENERAL MANAGER SALARY. THE BOARD LOOKS AT MANAGER SURVEYS OF WYOMING STATEWIDE ASSOCIATION AND NRECA FOR COMPARISON PURPOSES PRIOR TO GIVING FINAL APPROVAL ON SALARIES. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD REVIEWS MANAGER COMPARABILITY DATA WHEN GIVING FINAL APPROVAL ON THE KEY EMPLOYEES SALARIES. THE BOARD LOOKS AT KEY EMPLOYEE SURVEYS OF WYOMING STATEWIDE ASSOCIATION AND NRECA FOR COMPARISON PURPOSES PRIOR TO GIVING FINAL APPROVAL ON SALARIES. FORM 990, PAGE 6, PART VI, LINE 19 BYLAWS ARE OFFERED TO ALL NEW MEMBERS; ALL OTHER DOCUMENTS ARE AVAILABLE AT ANYTIME UPON REQUEST. FORM 990, PART X FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2022 FORM 990 INDICATE THAT ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(12) SHOULD REPORT "PATRONAGE DIVIDENDS PAID" TO THEIR MEMBERS IN PART IX, LINE 4 OF THE FORM 990. THE COOPERATIVE HAS INTERPRETED THE WORDS "PATRONAGE DIVIDENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THE COOPERATIVE ASSIGNS THE NET MARGINS TO ITS MEMBERS EACH YEAR. THEREFORE, THE AMOUNT LISTED IN PART IX, LINE 4 REPRESENTS THE NET MARGINS ASSIGNABLE TO THE MEMBERS FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2022. FORM 990, PART XI, LINE 9 CURRENT YEAR MARGINS ASSIGNED TO MEMBERS 1,177,755 OTHER CHANGES 65,362 RETIREMENT OF CAPITAL CREDITS -555,789 CHANGES IN OCI -30,653 TOTAL 656,675 FORM 990, PART XII FORM 990, PART XII, LINE 2B WHEATLAND RUAL ELECTRIC ASSOCIATION, INC.'S FINANCIAL STATEMENT YEAR DIFFERS FROM ITS TAX YEAR-END. THE COOPERATIVE RECEIVES AUDITED FINANCIAL STATEMENTS ON AN ANNUAL BASIS FOR THE YEAR-ENDED MAY 31.