2024-04-26T11:03:10-04:00 2023-12-31 411562398 CARLSONSV LLP 5801 DULUTH STREET SUITE 360 GOLDEN VALLEY MN 55422 990 2023-01-01 410281425 GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION GOOD 5077325117 PO BOX 99 ZUMBROTA MN 55992 KELLY HOVEL GENERAL MANAGER 5077325117 2024-04-25 true KELLY HOVEL 999009999 false MATT GUYER CPA P00386499 7635429633 2024-04-18 X 2023 2023-04-26 12:10:37Z KELLY HOVEL PO BOX 99 ZUMBROTA MN 55992 14034549 false X WWW.GCCEA.COM X 1937 MN TO BE THE PROVIDER OF CHOICE FOR RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT BENEFIT THE COOPERATIVE MEMBERS. 9 9 20 65524 0 13653166 13965240 40897 69309 0 13694063 14034549 0 487207 883267 253186 264139 0 0 12910944 12817515 13651337 13964921 42726 69628 41973914 43160073 28250676 28892790 13723238 14267283 TO BE THE PROVIDER OF CHOICE FOR RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT BENEFIT THE COOPERATIVE MEMBERS. false false RURAL ELECTRIC COOPERATIVE PROVIDED ELECTRICAL POWER TO 5,270 RURAL MEMBERS DURING THE YEAR. false false false false false false false false false true false 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 true 21 0 20 true true true false false false false false false false false 13400696 431947 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 AMBER GESME 5077325117 1410 NORTHSTAR DRIVE ZUMBROTA MN 55992 TIMOTHY KROHN LINE SUPERIN 40.00 X 111020 0 82566 KENDALL BIGALK FOREMAN 40.00 X 107321 0 77795 KELLY HOVEL GENERAL MANA 40.00 X 136003 0 39608 ALLEN JANTZEN FOREMAN 40.00 X 117898 0 34330 RYNE MCNAMARA LINEMAN 40.00 X 105296 0 42160 KYLE LODERMEIER LINEMAN 40.00 X 103338 0 42084 AMBER GESME FINANCE MANA 40.00 X 92102 0 40760 GARY ESTERBY VICE PRESIDE 5.00 X X 4834 0 0 JIM DICKE SECRETARY 5.00 X X 4400 0 0 DONNELL BUCK DIRECTOR 5.00 X 4200 0 0 DARLA VIETHS DIRECTOR 5.00 X 4200 0 0 DAVID HERNKE PRESIDENT 5.00 X X 4100 0 0 EDWARD BAUMAN DIRECTOR 5.00 X 4000 0 0 GENE BANG DIRECTOR 5.00 X 3800 0 0 PAUL HUNEKE TREASURER 5.00 X X 3800 0 0 LARRY JENSEN DIRECTOR 5.00 X 2700 0 0 809012 359303 7 false true false MURPHY'S TREE SERVICE LLC 30256 OAK LANE CANNON FALLS MN 550094435 CONTRACTOR 146097 1 ELECTRIC 221000 13249819 13249819 G&T CAPITAL CREDITS 221000 501849 501849 OTHER CAPITAL CREDITS 221000 87427 87427 COMMISSION REVENUES 221000 65524 65524 OTHER 58509 58509 2112 2112 13965240 29904 29904 39405 39405 39405 39405 14034549 13937009 65524 32016 883267 264139 739071 1496050 COST OF POWER 7943388 DISTRIBUTION - MAINTENANC 932825 DISTRIBUTION - OPERATIONS 877981 ADMINISTRATIVE AND GENERA 680412 147788 13964921 0 0 0 961988 918381 2184142 2006112 402307 389796 809607 752573 47348289 15845855 30271689 31502434 7206002 7463175 138179 127602 41973914 43160073 2779519 2624554 25114901 25824392 356256 443844 28250676 28892790 X 13723238 14267283 13723238 14267283 41973914 43160073 X 69628 474417 X false true X true false 43802 43802 937728 624496 313232 46366759 15221359 31145400 31502434 GREAT RIVER ENERGY 6566047 C NRUCFC CERTIFICATES 359881 C RESCO 164603 C COBANK 130855 C OTHER INVESTMENTS IN ASSOCIATED COMP 127831 C FEDERATED RURAL ELECTRIC INSURANCE E 113958 C 7463175 DEFERRED CREDITS 443844 443844 X 13969344 13969344 65205 65205 14034549 13016449 13016449 948472 948472 13964921 SCHEDULE D, PAGE 3, PART X THE COMPANY ACCOUNTS FOR INCOME TAX PROVISIONS FOLLOWING ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS ANY UNCERTAIN TAX POSITIONS THE COMPANY HAS OR EXPECTS TO TAKE IN ITS INCOME TAX RETURNS. THE COMPANY'S POLICY IS TO INCLUDE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS/LIABILITIES IN INCOME TAX EXPENSE. THE COMPANY HAD NO UNRECOGNIZED TAX BENEFITS/LIABILITIES. THE COMPANY'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY TAXING AUTHORITIES. WITH FEW 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 D, PAGE 4, PART XI, LINE 4B RECLASSIFIED NON OPERATING EXPENSES 65,205 SCHEDULE D, PAGE 4, PART XII, LINE 4B RECLASSIFIED NON OPERATING EXPENSES 65,205 CAPITAL CREDITS ALLOCABLE TO PATRONS 883,267 X false false false TIMOTHY KROHN LINE SUPERINTENDENT 111020 48113 34453 193586 KENDALL BIGALK FOREMAN 107321 42306 35489 185116 KELLY HOVEL GENERAL MANAGER 136003 23851 15757 175611 ALLEN JANTZEN FOREMAN 117898 20553 13777 152228 FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION ONLY HAS ONE CLASS OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION HAS MEMBERS. ALL MEMBERS ARE THE SAME CLASS. FORM 990, PAGE 6, PART VI, LINE 7B A TRANSFER OF 25% OR MORE OF THE ORGANIZATIONS ASSETS MUST BE APPROVED BY A 2/3 VOTE OF THE TOTAL MEMBERSHIP. A MAJORITY VOTE BY THE MEMBERS PRESENT AT A MEMBERSHIP MEETING IS REQUIRED FOR PASSAGE OF BYLAW AMENDMENTS AND NEW BOARD MEMBER ELECTIONS. ALL MEMBERS HAVE THE SAME VOTING RIGHTS. FORM 990, PAGE 6, PART VI, LINE 11B THE GENERAL MANAGER AND FINANCE MANAGER WILL REVIEW THE RETURN. AFTER THEIR REVIEW, THE FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS AND DISCUSSED AT THE FOLLOWING BOARD MEETING. AFTER THE BOARD MEETING, IT WILL BE FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD THROUGH A VERBAL PROCESS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. COMPARISONS OF AREA AND SIMILAR SIZE COOPERATIVES ARE USED IN DETERMINING COMPENSATION PACKAGES. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. COMPARISONS OF AREA AND SIMILAR SIZE COOPERATIVES ARE USED IN DETERMINING COMPENSATION PACKAGES. FORM 990, PAGE 6, PART VI, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CAPITAL CREDITS ALLOCABLE 883,267 RETIREMENTS OF CAPITAL CREDITS -408,850 TOTAL 474,417