Tongue River Electric Cooperative Inc
- Assets
- $37.8m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 21
- Location
- Ashland, MT
- Founding
- 12/1954
- Data as of
- 12/2023
- EIN
- 81-0225169
Organization Overview
Tongue River Electric Cooperative Inc is located in Ashland, MT. The organization was established in 1954. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Tongue River Electric Cooperative Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tongue River Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Tongue River Electric Cooperative Inc generated $13.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $12.9m during the year ending 12/2023. While expenses have increased by 1.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICITY AND SERVICES TO ITS MEMBERS LOCATED IN RURAL MONTANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL POWER AND UTILITIES SERVICES TO APPROXIMATELY 2,641 MEMBERS IN THE SOUTHEASTERN PORTION OF MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dee Dee Isaacs Assistant Sec/treas | Trustee | 2.67 | $7,313 |
Jim Collins President | OfficerTrustee | 6.63 | $13,663 |
Vicky Tusler Director | Trustee | 2.6 | $4,875 |
Diana Mclean Northern Cheyenne Represen | Trustee | 2.83 | $6,825 |
Gary P Helm Secretary Treasurer | OfficerTrustee | 2.88 | $6,175 |
Craig Randall Director | Trustee | 1.5 | $3,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cei Electrical Contractors Electrical Line Contractor | 12/30/22 | $159,978 |
Alamon Inc Pole Testing | 12/30/22 | $121,072 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $12,963,360 |
| Investment income | $24,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,605,264 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $306,917 |
| Compensation of current officers, directors, key employees. | $456,034 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,545 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,403 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,862 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $1,146 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $81,982 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,494 |
| Interest | $850,164 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,381,388 |
| Insurance | $6,309 |
| All other expenses | $679,138 |
| Total functional expenses | $12,931,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,699 |
| Savings and temporary cash investments | $69,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $969,672 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,269,316 |
| Prepaid expenses and deferred charges | $129,402 |
| Net Land, buildings, and equipment | $30,608,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,076,543 |
| Intangible assets | $0 |
| Other assets | $531,875 |
| Total assets | $37,778,195 |
| Accounts payable and accrued expenses | $882,240 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,462,359 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $832,857 |
| Total liabilities | $23,177,456 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $26,750 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,745,320 |
| Retained earnings, endowment, accumulated income, or other funds | $10,828,669 |
| Total liabilities and net assets/fund balances | $37,778,195 |