2023-05-04T12:40:41-05:00 2022-12-31 990 2022-01-01 460212565 H-D ELECTRIC COOPERATIVE INC % MATTHEW HOTZLER H-DE 6058742171 PO BOX 1007 CLEAR LAKE SD 57226 MATTHEW HOTZLER GENERAL MANAGER 6058742171 2023-05-04 MATTHEW HOTZLER 999009999 false 1 AAL2 IAL1 2022 2023-04-26 12:10:37Z MATTHEW A HOTZLER PO BOX 1007 CLEAR LAKE SD 57226 14570734 false X www.h-delectric.coop X 1947 SD PROVIDE SAFE RELIABLE HIGH QUALITY ELECTRIC SERVICE AT THE BEST VALUE POSSIBLE TO OUR MEMBERS 9 9 23 9083 7175 0 12619972 13788225 60505 83124 46477 64298 12726954 13935647 1000 1500 818153 1692660 1687162 1932660 0 0 10220639 10308827 12726954 13935647 0 42244168 45699973 29203833 31373784 13040335 14326189 COMMITTED TO SAFELY ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS, EMPLOYEES AND COMMUNITIES. false false PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,924 MEMBERS. CONNECTED 45 NEW SERVICES. CONSTRUCTED, RETIRED AND MAINTAINED OVERHEAD & UNDERGROUND ELECTRIC LINES. false false false false false false false false false false true true true false true true true 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 false false true 73 0 true 23 true true true false false false false 13525870 100976 false false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X X MATTHEW A HOTZLER 6058742171 PO BOX 1007 CLEAR LAKE SD 57226 X MATTHEW HOTZLER GENERAL MANAGER 48.00 X 166969 0 104166 TROY KWASNIEWSKI OPERATIONS MANAGER 42.00 X 124842 0 81354 ANNETTE ABERLE FINANCE ADMIN MGR 41.00 X 106620 0 70146 DALE WILLIAMS BOARD DIRECTOR 7.000 X 8865 0 0 KEVIN DEBOER BOARD DIRECTOR 4.000 X 5365 0 0 STEVEN HANSEN BOARD TREASURER 5.000 X 7365 0 0 CASPER NIEMANN BOARD DIRECTOR 4.000 X 6490 0 0 LAURIE SEEFELDT BOARD DIRECTOR 2.000 X 3240 0 0 TODD MORITZ BOARD DIRECTOR 3.000 X 4240 0 0 ROXANNE BASS BOARD SECRETARY 4.000 X 6740 0 0 TERRY STROHFUS BOARD VICE PRESIDENT 3.000 X 4115 0 0 BERT ROGNESS BOARD PRESIDENT 3.000 X 3240 0 0 KEVIN HOLIDA LEAD LINEMAN 47.00 X 118649 0 65091 JOSEPH RAML LEAD LINEMAN 46.00 X 109958 0 48581 THOMAS LUNDBERG MEMBER SERVICE MANAGER 45.00 X 100919 0 64476 DEREK BILLE LINEMAN 45.00 X 100953 0 24783 878570 458597 8 false true false SALE OF ELECTRICITY 221000 12752468 12752468 COOP CAPITAL CREDITS 221000 1035757 1035757 13788225 73803 73803 9321 9321 9321 9321 0 699385 635087 64298 55215 9083 13935647 13843440 9083 83124 X 1500 1692660 481046 535322 379383 396397 140512 9715 16459 68354 13769 75557 104902 1732 242689 735365 58598 1331005 COST OF PURCHASE POWER 7073835 MISC. OPERATING EXPENSES 282787 SD kWh TAXES 195348 UNRELATED BUS. INCOME TAX PD 1754 96958 13935647 0 0 0 21367 27081 1016096 1470373 1331532 1354042 1306803 1810851 559293 594633 47764522 18349803 27569901 29414719 2470260 2520078 7968916 8508196 42244168 45699973 1325008 1381217 25322359 27122362 2556466 2870205 29203833 31373784 X 786148 938540 12254187 13387649 13040335 14326189 42244168 45699973 X 0 1285854 X true X true X true false false false false false false false false 59378 59378 4818453 549906 4268547 42886691 17799897 25086794 29414719 MARGIN STABILIZATION FUND 2334132 C DEFERRED COMPENSATION PLAN 100497 C RURAL ELECTRIC ECONOMIC DEVELOPMENT 46450 C OTHER INVESTMENTSMEMBER LOANS 38999 C 2520078 INVESTMENTS ASSOC ORGANIZATIONS 8508196 C 8508196 MARGIN STABILIZATION FUND 2334132 DEFERRED CREDITSMETER ASSETS 269222 ACCUMULATED PROVISIONS FOR PENSIONS 100497 CONSUMER DEPOSITS PREPAYMENTS 125567 UNCLAIMED PROPERTYCAPITAL CREDITS 40787 2870205 X 13932205 13932205 3442 3442 13935647 12239545 12239545 1696102 1696102 13935647 Other PART X, LINE 1(4): ACCUMULATED PROVISONS FOR PENSIONS RELATED TO Other DEFERRED COMPENSATION PLAN FOR THE COOPERATIVE'S GENEARL MANAGER. Other THE PLAN IS FULLY FUNDED BY PLAN PARTICIPANT. P10, Ln 2 THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(c)(12) P10, Ln 2 OF THE INTERNAL REVENUE CODE AND IS ANNUALLY REQUIRED TO FILE A P10, Ln 2 RETURN OF ORGANIZATION EXEMPT INCOME FROM INCOME TAX (FORM 990) P10, Ln 2 WITH THE IRS. THE COOPERATIVE HAS EVALUATED WHETHER IT WAS NECESSARY P10, Ln 2 TO RECOGNIZE ANY BENEFIT FROM UNCERTAIN TAX POSITIONS IN CURRENTLY OPEN TAX P10, Ln 2 PERIODS AND DETERMINED THAT THERE ARE NO MATERIAL UNCERTAINTIES WITHIN ITS P10, Ln 2 FILED TAX RETURNS. AS OF DECEMBER 31, 2022 AND 2021, THE UNRECOGNIZED TAX P10, Ln 2 BENEFIT ACCRUAL WAS ZERO. THE COOPERATIVE WOULD RECOGNIZE FUTURE P10, Ln 2 ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS P10, Ln 2 IN INCOME TAX EXPENSE IF INCURRED. X true true X X false false false false false false false false false MATTHEW HOTZLER GENERAL MANAGER 157693 374 8902 104166 271135 TROY KWASNIEWSKI OPERATIONS MANAGER 113333 374 11135 81354 206196 ANNETTE ABERLE FINANCE ADMIN MGR 102557 374 3689 70146 176766 DALE WILLIAMS BOARD DIRECTOR 8865 8865 KEVIN DEBOER BOARD DIRECTOR 5365 5365 STEVEN HANSEN BOARD TREASURER 7365 7365 CASPER NIEMANN BOARD DIRECTOR 6490 6490 LAURIE SEEFELDT BOARD DIRECTOR 3240 3240 TODD MORITZ BOARD DIRECTOR 4240 4240 ROXANNE BASS BOARD SECRETARY 6740 6740 TERRY STROHFUS BOARD VICE PRESIDENT 4115 4115 BERT ROGNESS BOARD PRESIDENT 3240 3240 KEVIN HOLIDA LEAD LINEMAN 111162 374 7113 65091 183740 JOSEPH RAML LEAD LINEMAN 107260 374 2324 48581 158539 THOMAS LUNDBERG MEMBER SERVICE MANAGER 99270 374 1275 64476 165395 DEREK BILLE LINEMAN 100432 374 147 24783 125736 Part I, Line 1a THE COOPERATIVE HAS A POLICY THAT PROVIDES A WELLNESS BENEFIT WHICH OFFERS Part I, Line 1a A COST SHARE BENEFIT OF HEALTH CLUB FEES. THIS BENEFIT IS OFFERED TO ALL Part I, Line 1a EMPLOYEES. FEES ARE PAID DIRECTLY TO THE HEALTH CLUB OR IF PAID DIRECTLY Part I, Line 1a TO AN EMPLOYEE, THE EMPLOYEE MUST PROVIDE A RECEIPT WITH THEIR NAME ON IT. Part II COLUMN C: INCLUDED IN RETIREMENT AND DEFERRED COMPENSATION IS THE Part II ESTIMATED CURRENT YEAR INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED Part II BENEFIT PLAN. THIS DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE Part II PLAN, RATHER IT IS AN ESTIMATE OF THE INCREASE IN THE ACTUARIAL VALUE Part II OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. Part VI Line 6 H-D ELECTRIC IS A PRIVATE, NON-PROFIT ELECTRIC UTILITY OWNED BY THE MEMBERS Part VI Line 6 IT SERVES. EACH MEMBERSHIP HAS ONE VOTE. Part VI Line 7a H-D ELECTRIC HAS 9 DIRECTOR DISTRICTS WITH 3-YEAR TERMS. ALL MEMBERS Part VI Line 7a ARE ALLOWED ONE VOTE FOR EACH DIRECTOR DISTRICT. Part VI Line 7b THE COOPERATIVE'S BY-LAWS MAY BE ALTERED, AMENDED OR REPEALED BY THE Part VI Line 7b MEMBERS AT ANY REGULAR ANNUAL OR SPECIAL MEETING. Part VI Line 11b THE FORM 990 IS REVIEWED BY ALL DIRECTORS PRESENT AT THE REGULAR SCHDULED Part VI Line 11b BOARD MEETING PRIOR TO FILING. Part VI Line 12c EACH DIRECTOR AND MANAGMENT STAFF COMPLETES A CONFLICT OF INTEREST FORM Part VI Line 12c ANNUALLY & POLICIES ARE REVIEWED BY LEGAL COUNSEL. Part VI Line 15a or b H-D USES THE SDREA SALARY SURVEY ALONG WITH SD DEPT. OF LABOR REPORTS Part VI Line 15a or b IN DETERMINING COMPENSATION. BOARD APPROVES COMPENSATION ANNUALLY. Part VI Line 19 GOVERNING DOCUMENTS & POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL Part VI Line 19 STATEMENTS ARE POSTED IN COOP MAGAZINE ANNUALLY AND MAILED TO MEMBERS. Part XI Line 9 2022 NET MARGINS=$1,692,660 - LESS: 2022 CAPITAL CREDIT RETIREMENTS = Part XI Line 9 ($441,510) + PLUS: 2022 CAPITAL CREDIT RETAINED/DONATED = $34,704 Part VII Line 1a COLUMN F, OTHER COMPENSATION INCLUDES THE ESTIMATED CURRENT YEAR Part VII Line 1a INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN Part VII Line 1a AS CALCULATED BY THE PLAN ADMINISTRATOR. Part VII Line 1a THIS DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. Part IX Line 4 THE COOPERATIVE IS REPORTING PATRONAGE CAPITAL ALLOCATION TO OUR MEMBERS Part IX Line 4 OF 2022 NET MARGINS. THIS IS DIFFERENT FROM THE COOPERATIVE'S BOOK Part IX Line 4 REPORTING AS THE COOPERATTIVE'S FINANCIAL STATEMENTS CONFORM TO GENERALLY Part IX Line 4 ACCEPTED ACCOUNTING PRINCIPALS (GAAP). GAAP DOES NOT RECOGNIZE PATRONAGE Part IX Line 4 CAPITAL OR MARGINS ALLOCATED TO MEMBERS AS AN EXPENSE IN RELATION TO THE Part IX Line 4 STATEMENT OF OPERATIONS. THE COOPERATIVE'S BY-LAWS ALLOW FOR NON-OPERATING Part IX Line 4 MARGINS TO BE ALLOCATED TO MEMBERS OR MAY BE USED BY THE COOPERATIVE Part IX Line 4 AS PERMANENT, NON-ALLOCATED CAPITAL, DETERMINED ANNUALLY. Part IX Line 4 ALLOCATION OF THE 2022 MARGINS AS APPROVED BY THE BOARD OF DIRECTORS Part IX Line 4 WILL BE REPORTED TO MEMBERS IN 2023.