2024-08-20T15:19:32-05:00 2023-12-31 911503183 DP&C PO BOX 1614 TACOMA WA 984011614 990 2023-01-01 910211390 ELMHURST MUTUAL POWER AND LIGHT COMPANY ELMH 2535314646 120 132ND STREET SOUTH TACOMA WA 98444 JOHN COSTANTI PRESIDENT 2535314646 2024-08-15 1 0 ED E RAMOS CPA P00601133 2535729922 2023 2024-08-08 14:25:15Z JOHN COSTANTI 120 132ND STREET SOUTH TACOMA WA 98444 21496208 0 X WWW.ELMHURSTMUTUAL.ORG X 1922 WA SAFELY DELIVER RELIABLE, COST-BASED POWER TO OUR MEMBERS. 5 5 24 0 0 0 0 0 20132287 21352850 54467 136802 6021 6556 20192775 21496208 0 0 0 0 3438879 3785786 0 0 0 17373636 15631016 20812515 19416802 -619740 2079406 30288641 33651192 4214905 5484110 26073736 28167082 TO PROVIDE RELIABLE, LOW COST POWER TO MEMBERS. 0 0 ELMHURST MUTUAL POWER & LIGHT WAS FOUNDED IN MARCH 1922 BY FIVE MEN WHOSE PURPOSE WAS TO FORM A MUTUAL COMPANY NOT FOR PROFIT THAT WOULD PROVIDE ELECTRICAL SERVICE TO ITS MEMBERS. FROM ITS HUMBLE BEGINNING OF FIVE METERS, ELMHURST HAS STEADILY GROWN TO OVER 16,000 METERS. THE ORGANIZATION HAS ONE OF THE MOST RELIABLE, LOW COST POWER RATES IN THE NATION. WE WILL CONTINUE TO HAVE LOW COST POWER FOR THE NEAR TERM THANKS TO THE REGIONAL DIALOGUE POWER SALES CONTRACT THAT IS CURRENTLY IN PLACE UNTIL 2028. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 24 1 0 0 0 0 0 0 0 21137439 354593 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 WA X BROOKE STEGMEIER 2535314646 120 132ND STREET SOUTH TACOMA WA 98444 LEO DREITH PRESIDENT 4.00 X X 14400 0 0 JOHN COSTANTI VICE PREISDENT 3.00 X X 14433 0 0 MERLE ANDERSON SECRETARY/TREASURER 2.00 X X 14400 0 0 JOHN D IRWIN DIRECTOR 2.00 X 16800 0 0 VICTORIA LINCOLN DIRECTOR 3.00 X 14400 0 0 BRIAN BERTACCHI GENERAL MANAGER 40.00 X 270009 0 77699 CHARITY STEGMEIER DIRECTOR OF FINANCE 40.00 X 137038 0 32771 TAYLOR GRIESS ASSISTANT LINE FORMAN 51.00 X 236790 0 30940 MARK CLINE OPERATIONS MANAGER 47.00 X 203174 0 58219 DAVID VALADES LINEMAN 46.00 X 193979 0 68846 MICHAEL VENTURA LINEMAN 48.00 X 184984 0 65475 COREY MCKENNY OPERATIONS SUPERVISOR 40.00 X 186114 0 69343 CHASE HANNAHS LINEMAN 48.00 X 189155 0 29239 1675676 0 432532 8 0 1 0 0 POWER SALES 221000 21137439 21137439 OTHER SERVICE REVENUE 221000 215411 215411 21352850 132330 132330 4472 0 4472 4472 4472 OTHER INCOME 900099 6556 6556 6556 21496208 21357322 0 138886 X 591950 2278003 635047 279801 985 150609 297834 131529 95901 1856356 37300 PURCHASED POWER 10631046 OTHER EXPENSES 1569417 CUSTOMER RECORDS AND CO 666434 TAXES 194590 19416802 4439231 4048670 3217675 8228476 2846331 3011145 1671227 2147505 156485 167529 45466822 29764542 17640724 15702280 316968 345587 30288641 33651192 1919461 3306290 2295444 2177820 4214905 5484110 X 506410 520350 0 0 25567326 27646732 26073736 28167082 30288641 33651192 X 2079406 13940 X X 0 1 X 1 0 579033 579033 1308365 702797 605568 4402810 2681880 1720930 39176614 26379865 12796749 15702280 21496208 0 21496208 0 21496208 19416802 0 19416802 0 19416802 X X X X 0 0 0 BRIAN BERTACCHI GENERAL MANAGER 270009 0 0 0 0 0 58073 0 19626 0 347708 0 0 0 TAYLOR GRIESS ASSISTANT LINE FORMAN 236790 0 0 0 0 0 16961 0 13979 0 267730 0 0 0 DAVID VALADES LINEMAN 193979 0 0 0 0 0 41490 0 27356 0 262825 0 0 0 MARK CLINE OPERATIONS MANAGER 203174 0 0 0 0 0 30863 0 27356 0 261393 0 0 0 COREY MCKENNY OPERATIONS SUPERVISOR 186114 0 0 0 0 0 41987 0 27356 0 255457 0 0 0 MICHAEL VENTURA LINEMAN 184984 0 0 0 0 0 38119 0 27356 0 250459 0 0 0 CHASE HANNAHS LINEMAN 189155 0 0 0 0 0 9613 0 19626 0 218394 0 0 0 CHARITY STEGMEIER DIRECTOR OF FINANCE 137038 0 0 0 0 0 21599 0 11172 0 169809 0 0 0 FORM 990, SCHEDULE J, PART II (C) THE COMPANY PARTICIPATES IN THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) RETIREMENT SECURITY PLAN (RS PLAN), A DEFINED BENEFIT PENSION PLAN QUALIFIED UNDER SECTION 401 AND TAX-EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. THE PLAN IS FULLY FUNDED AND VESTING IS 10% PER YEAR FOR FIRST 4 YEARS, WITH 100% VESTING AT BEGINNING OF 5TH YEAR OR AGE 55, WHICHEVER COMES FIRST. BENEFITS FROM EMPLOYEE CONTRIBUTIONS ARE FULLY VESTED. THE AMOUNTS REPORTED ARE DEFERRED COMPENSATION BENEFITS EARNED, BUT NOT PAID. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS A SINGLE CLASS OF MEMBERS. MEMBERS SHALL CONSIST OF ALL PERSONS AND OTHER LEGAL ENTITIES WHO APPLY FOR AND ARE ADMITTED TO MEMBERSHIP. EACH MEMBERSHIP SHALL BE ENTITLED TO ONE VOTE ON ALL MATTERS SUBMITTED TO A VOTE OF THE CORPORATION MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE POWER TO MAKE, ALTER, AMEND OR REPEAL DECISIONS ARE VESTED IN THE BOARD OF DIRECTORS, PROVIDED HOWEVER, THE BOARD OF DIRECTORS SHALL PROVIDE A MANNER IN WHICH MEMBERS MAY ALSO ADOPT CHANGES OR MAKE NEW LAWS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO THE BOARD AT THE MONTHLY MEETING TO BE REVIEWED BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DESIGNED TO HELP DIRECTORS, OFFICERS, AND EMPLOYEES OF THE ORGANIZATION IDENTIFY SITUATIONS THAT PRESENT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND TO PROVIDE THE COMPANY WITH PROCEDURES WHICH, IF OBSERVED, WILL ALLOW A TRANSACTION TO BE TREATED AS VALID AND BINDING EVEN THOUGH A DIRECTOR, OFFICER, OR EMPLOYEE HAS OR MAY HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTIONS. THIS POLICY IS ALSO INTENDED TO ASSIST THE ORGANIZATION AND ITS DIRECTORS, OFFICER, AND EMPLOYEES FROM ENGAGING IN IMPROPER TRANSACTIONS. EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THE POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO AND WILL COMPLY WITH THE TERMS OF THIS POLICY. EACH DIRECTOR AND THE GENERAL MANAGER SHALL ANNUALLY COMPLETE A DISCLOSURE FROM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE DIRECTOR OR GENERAL MANAGER IS INVOLVED THAT REASONABLY COULD CONTRIBUTE TO A CONFLICT OF INTEREST. PRIOR TO BOARD OR COMMITTEE ACTION OF A CONTRACT OR TRANSACTION OR OTHER CIRCUMSTANCE INVOLVING A CONFLICT A INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL THE FACTS THAT A REASONABLY PRUDENT PERSON WOULD BELIEVE MATERIAL TO THE CONFLICT OF INTEREST SITUATION. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND OR RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR DETERMINING THE SALARY OF THE ORGANIZATION'S CEO AND OTHER KEY EMPLOYEES. THIS REVIEW IS PERFORMED ON AN ANNUAL BASIS IN JANUARY AND INCLUDES A REVIEW AND SURVEY OF SALARY INFORMATION FROM OTHER SIMILAR ORGANIZATIONS IN OUR INDUSTRY. THE TOTAL COMPENSATION PACKAGES ARE NOTED AS APPROVED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX LINES 5, 7 AND 9 THE AMOUNTS FOR COMPENSATION AND EMPLOYEE BENEFITS IN THE STATEMENT OF FUNCTIONAL EXPENSES DO NOT INCLUDE ALL WAGES FOR THE COMPANY. THE AMOUNTS SHOWN ON THE STATEMENT OF FUNCTIONAL EXPENSES PERTAIN MAINLY TO GENERAL AND ADMINISTRATIVE WAGES. ALL OTHER WAGES ARE INTEGRATED THROUGHOUT ACCOUNTS THAT ARE RELATED TO THE REPAIR, MAINTENANCE, OR CAPITAL IMPROVEMENTS OF THE COMPANY'S UTILITY PLANT. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 13,940. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS STAND AS THE OVERSIGHT AND REVIEW COMMITTEE OF THE AUDITED FINANCIAL STATEMENTS.