2024-10-11T11:29:22+00:00 2023-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2023-01-01 840185658 Delta Montrose Electric Association DELT 8776873632 11925 6300 ROAD MONTROSE CO 81401 JACK JOHNSTONJR CEO 2024-10-11 true Amber Sherrill P00748683 5013721040 2024-10-11 2023 2024-10-15 13:58:12Z JACK JOHNSTON JR 11925 6300 ROAD MONTROSE CO 81401 89092634 false X WWW.DMEA.COM X 1938 CO WE POWER AND UNITE COMMUNITIES 9 9 142 0 4515789 0 0 0 73497914 73014004 1021280 1614425 -260257 4352175 74258937 78980604 48968 200446 10493605 6867065 9756326 11426084 0 0 0 60665320 64073100 80964219 82566695 -6705282 -3586091 246172379 260962911 184661050 201064298 61511329 59898613 WE POWER AND UNITE COMMUNITIES. false false SALE OF ELECTRICITY POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL, WITH 36,691 ACTIVE SERVICES AT YEAR END. 0 false false false false false false true false true false false true true false false true false false false false false false false false false true false true false false false false false false false false false false false true true true false true 79 0 true 142 true true true false false false false 71663568 9888069 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 BOB FARMER INTERIM CFO 8776873632 11925 6300 ROAD MONTROSE CO 81401 Jacob Gray Assistant Secretary/Treasurer 5.6 1.4 X X 15185 6620 0 John Fleming VIce President 6.4 1.6 X X 17560 6275 0 Kevin Williams Secretary/Treasurer 6.4 1.6 X X 14845 6150 0 Kyle Martinez President 8.0 2.0 X X 8300 3165 0 Stacia Cannon President 8.0 2.0 X X 17965 6550 0 Damon Lockhart Director 9.2 2.3 X 23430 6550 0 Emily Sanchez Director 0.8 0.2 X 10810 4095 0 Enno Heuscher Director 3.2 0.8 X 16495 6550 0 Kenneth Watson Director 3.2 0.8 X 760 0 0 Steve Metheny Director 4.0 1.0 X 2445 0 0 William Patterson Director 7.2 1.8 X 16385 6370 0 Gayle Gouker Chief Financial Officer 45.0 0.0 X 218237 0 59989 Jack Johnston Chief Executive Officer 55.0 0.0 X 370379 0 79204 B Kent Blackwell Chief Technical Officer 55.0 0.0 X 247336 0 58381 Bob Farmer Chief Information Officer 45.0 0.0 X 222207 0 56278 Cody Carver Chief Operating Officer 50.0 0.0 X 172495 0 22674 Mateusz Pena Chief Engineering and Energy Resource Officer 46.0 0.0 X 187944 0 37610 Ivor Ayers Line Foreman 44.0 0.0 X 152878 0 47464 Lindsay Forepaugh Chief Relations Officer 45.0 0.0 X 172632 0 41636 Nathan Puderbaugh Lineman Service Truck 45.0 0.0 X 158598 0 51728 Steven Holst Line Foreman 45.0 0.0 X 157251 0 33485 Tiffany Stewart HR Manager 45.0 0.0 X 179079 0 43159 2383216 52325 531608 50 false true false LIGHTWORKS FIBER & CONSULTING LLC PO BOX 193 HOTCHKISS CO 81419 FIBER CONSTRUCTION 10399441 MCCALL CONCRETE CONSTRUCTION 61758 FALCON RD MONTROSE CO 81401 CONSTRUCTION 213636 COHICK EXCAVATION LLC 20891 IRIS ROAD AUSTIN CO 81401 CONSTRUCTION 175046 HOLLAND & HART ATTORNEYS PO BOX 17283 DENVER CO 802170283 LEGAL 110237 AVILA CONSTRUCTION LLC 6828-5825 ROAD OLATHE CO 81425 CONSTRUCTION 104845 5 0 Sale of Electricity 623990 68515613 68515613 Service Fees 623990 1809775 1809775 RENEWABLE ENERGY CREDITS 623990 1545054 1545054 Patronage Dividends 623990 1129850 1129850 Electric Wheeling 623990 13712 13712 0 0 0 0 73014004 1567937 684182 883755 3478830 358323 8094175 -4615345 358323 -4257022 -4682431 425409 2064343 2017855 0 46488 46488 46488 Grants for Fiber Sub 900999 5164819 5164819 MANAGEMENT FEES FROM DMEAUS 900999 3005233 3005233 Dispatch Services 900999 343986 343986 95159 0 0 95159 8609197 78980604 73014004 4515789 1450811 200446 6867065 1876914 6420121 1433612 1036265 659172 351088 85938 71511 0 70978 4988954 6627208 Purchased Power 39791458 Taxes 6149760 Admin & General Expense 3132069 Distribution Expense 2303477 500659 82566695 415075 10721023 2219774 1820666 11843504 11520806 0 0 0 14171239 13668562 6191844 5910601 217563 586221 312051812 118077323 171823694 193974489 0 3790000 24562734 2846320 14726952 16124223 246172379 260962911 12310145 15358847 10431729 15162948 1076054 853523 0 138311459 137666647 22531663 32022333 184661050 201064298 X 61511329 59898613 61511329 59898613 246172379 260962911 X -3586091 1973375 X false true X true false false true X 4217792 4217792 13877600 6807832 7069768 261937796 111269491 150668305 32018624 32018624 193974489 Due from Affiliates 12927647 Accrued Interest 13343 Deferred Charges 3183233 16124223 Consumer Deposits 1389750 Deferred Credits 23478921 Due to Affiliates 7124785 Famili Program 28877 32022333 79442388 8382761 8382761 71059627 7920977 7920977 78980604 77395615 2137414 2137414 75258201 7308494 7308494 82566695 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. Schedule D, Part IV, Line 2b Explanation of escrow agreement 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Equity in Earnings of Subsidiary - 562684 TAX DEPRECIATION ON FIBER ASSETS - 7820077 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements UBI Grant Income - 4474315 Revenue in Expense Per Audit - 441429 MANAGEMENT FEES FROM DMEAUS - 3005233 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 BOOK DEPRECIATION ON FIBER ASSETS - 2137414 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Patronage Capital Allocation - 6867065 Revenue in Expense Per Audit - 441429 true ENERGY OUTREACH COLORADO 303 E 17th Ave 405 Denver CO 80203 742543881 501(c)(3) 18146 0 n/a n/a Energy Assistance MONTROSE COMMUNITY FOUNDATION 15 S UNCOMPAHGRE AVE MONTROSE CO 81401 841128761 501(C)(3) 57300 0 N/A N/A SCHOLARSHIP FUND MASLOW ACADEMY OF APPLIED LEARNING 120 N HILLCREST DR MONTROSE CO 81401 452405358 501(C)(3) 30000 0 N/A N/A GENERAL SUPPORT HISPANIC AFFAIRS PROJECT 504 N 1ST ST MONTROSE CO 81401 271276653 501(C)(3) 30000 0 N/A N/A BUILDING RENOVATION NFRIA WSERC CONSERVATION CENTER INC PO BOX 1612 PAONIA CO 81428 840728032 501(C)(3) 25000 0 N/A N/A RIVER PARK PEER KINDNESS INC 207 S 4TH ST MONTROSE CO 81401 474651889 501(C)(3) 20000 0 N/A N/A GENERAL SUPPORT MONTROSE VETERANS MEMORIAL COALITION 4 HILLCREST PLAZA WAY MONTROSE CO 81401 920469866 501(C)(3) 20000 0 N/A N/A GENERAL SUPPORT 7 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. DMEA does not monitor the use of grant funds once awarded. X X X false false false Jack Johnston Chief Executive Officer 365591 0 0 0 4788 0 40625 0 38579 0 449583 0 0 0 Gayle Gouker Chief Financial Officer 211650 0 3486 0 3101 0 26875 0 33114 0 278226 0 0 0 B Kent Blackwell Chief Technical Officer 226954 0 18578 0 1804 0 28293 0 30088 0 305717 0 0 0 Bob Farmer Chief Information Officer 215363 0 3508 0 3336 0 26875 0 29403 0 278485 0 0 0 Mateusz Pena Chief Engineering and Energy Resource Officer 183941 0 3464 0 539 0 22444 0 15166 0 225554 0 0 0 Cody Carver Chief Operating Officer 163213 0 6592 0 2690 0 20289 0 2385 0 195169 0 0 0 Nathan Puderbaugh Lineman Service Truck 145528 0 0 0 13070 0 30643 0 21085 0 210326 0 0 0 Steven Holst Line Foreman 142197 0 0 0 15054 0 12343 0 21142 0 190736 0 0 0 Ivor Ayers Line Foreman 142053 0 0 0 10825 0 26322 0 21142 0 200342 0 0 0 Lindsay Forepaugh Chief Relations Officer 149570 0 0 0 23062 0 19433 0 22203 0 214268 0 0 0 Tiffany Stewart HR Manager 151719 0 3464 0 23896 0 15096 0 28063 0 222238 0 0 0 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. Schedule J, Part II, Column (C) JACK JOHNSTON TOTAL REPORTED IN COLUMN C 40,625 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 40,625 Schedule J, Part II, Column (C) GAYLE GOUKER TOTAL REPORTED IN COLUMN C 26,875 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 26,875 Schedule J, Part II, Column (C) B. KENT BLACKWELL TOTAL REPORTED IN COLUMN C 28,293 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 28,293 Schedule J, Part II, Column (C) BOB FARMER TOTAL REPORTED IN COLUMN C 26,875 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 26,875 Schedule J, Part II, Column (C) MATEUSZ PENA TOTAL REPORTED IN COLUMN C 22,444 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 22,444 Schedule J, Part II, Column (C) CODY CARVER TOTAL REPORTED IN COLUMN C 20,289 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 20,289 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 23,490 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 23,490 Schedule J, Part II, Column (C) NATHAN PUDERBAUGH TOTAL REPORTED IN COLUMN C 30,643 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 30,643 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 18,790 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 18,790 Schedule J, Part II, Column (C) STEVEN HOLST TOTAL REPORTED IN COLUMN C 12,343 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 12,343 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 19,532 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 19,532 Schedule J, Part II, Column (C) IVOR AYES TOTAL REPORTED IN COLUMN C 26,322 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 26,322 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 19,532 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 19,532 Form 990, Part VI, Line 6 Classes of members or stockholders SINGLE CLASS OF MEMBERS Form 990, Part VI, Line 7a Members or stockholders electing members of governing body MEMBERS HAVE ONE VOTE PER MEMBER TO ELECT THE BOARD OF DIRECTORS Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders 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. Form 990, Part VI, Line 11b Review of form 990 by governing body THE TAX RETURNS WILL BE REVIEWED IN DETAIL BY THE CFO. A COPY OF THE RETURNS WILL BE PROVIDED TO THE BOARD AND A SUMMARY REVIEW WILL BE CONDUCTED AT A REGULAR BOARD MEETING. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD OF DIRECTORS CONDUCTS 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, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS USES 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, Line 15b Process to establish compensation of other employees 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 2023 BY THE HUMAN RESOURCES MANAGER. Form 990, Part VI, Line 19 Required documents available to the public 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 = $358,323 Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Miscellaneous - Total Revenue: 95159, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 95159; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Equity in Earnings of Subsidary - 562684; Book to Tax Depreciation Difference - 5682663; UBI Grant Income - -4474315; Patronage Capital Allocation - 6867065; Patronage Capital Retired - -3659489; MANAGEMENT FEES FROM DMEAUS - -3005233; Schedule J, Part II, Column (C) LINDSAY FOREPAUGH TOTAL REPORTED IN COLUMN C 19,433 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 19,433 Schedule J, Part II, Column (C) TIFFANY STEWART TOTAL REPORTED IN COLUMN C 15,096 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 15,096 DMEA UTILITIES SERVICES LLC 11925 6300 ROAD SUITE 101 MONTROSE CO 814019998 841556992 BROADBAND CO DMEA C Corporation 13426122 24342376 1 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 3821828 FMV DMEA UTILITIES SERVICES LLC D 13621514 FMV DMEA UTILITIES SERVICES LLC S 493736 FMV DMEA Utilities Services LLC O 3005233 FMV