2024-09-19T17:23:52-07:00 2023-12-31 990 2023-01-01 840248168 LA PLATA ELECTRIC ASSOCIATION INC LAPL 9703823575 PO Box 2750 Durango CO 813022750 Graham Smith Cheif Executive Officer 9703823576 2024-09-19 1 2023 2024-08-08 14:25:15Z Graham Smith 45 Stewart Street Durango CO 81301 114221272 0 X www.lpea.coop X 1939 CO To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 12 12 133 0 62753 0 0 0 110374571 112555013 345414 521073 1397464 1125286 112117449 114201372 293148 197780 0 0 0 13639931 0 0 0 108234773 96571776 108527921 110409487 3589528 3791885 284945015 285698499 136195673 135919924 148749342 149778575 To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 0 0 110409487 114201372 LPEA is an electric distribution system; as of December 31, 2023, LPEA had 48,912 services in place and 3,789 miles of line. 0 0 0 110409487 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 64 0 1 133 1 0 0 0 0 0 111613160 2588212 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X Monica Rodriguez 9703823575 PO Box 2750 Durango CO 813022750 Jessica Matlock Chief Executive Officer 60 1 X 544645 0 61746 Dan Harms Executive VP of Grid Solutions & Special Projects 60 0 X 286605 0 47642 Graham Smith General Counsel 50 0 X 245822 0 45896 Elizabeth Howe VP of Administrative Services 50 0 X 210920 0 43983 Drew Timmerman Vice President of Information Technology 50 0 X 192145 0 48635 Jerry Sutherlin Vice President of Operations 50 0 X 195717 0 43513 Stephen Lynch Substation Maintenance 40 0 X 192492 0 30295 Michael Messier Working Foreman, Lineman 40 0 X 187723 0 34912 Garrett Hammer District Manager - Pagosa Springs 50 0 X 160773 0 47332 Clinton Peak Working Foreman, Lineman 40 0 X 165116 0 40556 Alex Preszler Dispatcher 45 0 X 156927 0 20134 Karl Ramsey Vice President of Finance 50 0 X 135369 0 35090 Patrick Berry Vice President of Finance 50 0 X 71354 0 14765 Kohler McInnis Director 15.21 0 X 15316 27250 0 Kirsten Skeehan Board Vice President 11.29 0 X 20515 0 0 Holly Metzler Director 9.52 0 X 18627 0 0 Joe Lewandowski Director 4.19 0 X 17347 0 0 John Lee Board Secretary 6.13 0 X 16807 0 0 Ted Compton Board President 6.02 0 X 16500 0 0 Tim Wheeler Treasurer 7.03 0 X 16000 0 0 Rachel Landis Director 3.38 0 X 15877 0 0 Daniel K Huntington Director 5.38 0 X 15325 0 0 John Witchel Director 4.7 0 X 13475 0 0 David Luschen Director 4 0 X 10910 0 0 Nicole Pitcher Director 6.57 0 X 10482 0 0 Sue McWilliams Director 2.88 0 X 6650 0 0 Bob Lynch Director 1.46 0 X 4850 0 0 2944289 27250 514499 59 0 1 0 Ward Electric Company Inc 3690 Stagecoach Rd Longmont CO 80504 Construction Services 4976921 CIRCLE Z CONSTRUCTION LLC PO BOX 625 MANCOS CO 81328 Construction Services 1198972 KONISTO COMPANIES LLC 126 ROCKPOINT DR STE C DURANGO CO 81301 Engineering Services 1168406 Forestry Specialists 4285 County Road 141 Durango CO 81303 Tree Trimming Services 811648 Reliable Power Consultants 1001 A East Harmony Road 143 Fort Collins CO 80525 Consulting Services 463926 14 0 0 0 0 0 0 0 0 Electric Energy Revenue & Gross Sales 221122 111613160 111613160 0 0 Miscellaneous Revenue 221000 941853 941853 0 0 0 0 0 0 112555013 457769 0 0 457769 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 63304 0 0 0 63304 63304 0 63304 0 0 0 0 0 0 0 0 0 0 0 0 0 19349 19900 -551 0 -551 0 G&T and other capital credits 221000 915922 915922 0 0 Other Revenue 221000 60194 60194 0 0 Gain/Loss from Subsidiary 900003 149721 149721 0 0 0 0 0 0 1125837 114201372 113680850 62753 457769 60380 137400 0 0 1933314 0 7357693 1023204 2595863 729857 105894 87554 468232 46468 296801 142342 133132 0 363336 3861659 0 10199895 363336 Cost of Power 69019612 Transmission & Distribution 2513725 G&A and other Customer Expenses 3338827 Maintenance of distribution plant 957535 4673428 110409487 0 0 0 11785851 15951375 0 0 0 0 12853177 13016366 0 0 0 0 0 0 2675455 4197459 601808 561454 329336238 162899095 165368073 166437143 0 0 86749808 77427977 0 0 0 0 4910843 8106725 284945015 285698499 7295196 7568461 0 0 15863418 21714517 0 0 0 0 0 0 106772345 100482626 0 0 6264714 6154320 136195673 135919924 X 0 0 0 0 148749342 149778575 148749342 149778575 284945015 285698499 X 3791885 0 0 0 0 -2762652 X 1 X 1 X 1 0 0 4308934 4308934 0 8883522 5730243 3153279 0 12102 10117 1985 0 17415713 12932004 4483709 0 298715967 144226731 154489236 166437143 Investment in Associated Organizations - Patronage Capital 75734528 C Investment in Associated Organizations - Other - Nongeneral Funds 1693449 C 77427977 0 Consumer Depostis 620056 Accrued Taxes 1685389 Accrued Expnses 3848875 6154320 114201372 0 0 0 0 0 114201372 0 0 0 114201372 110409487 0 0 0 0 0 110409487 0 0 0 110409487 1 Scholarships 20 137400 0 Cost Schedule I, Part I, Line 2 Donations and grants are awarded through initial review of the LPEA Round Up Foundation Board. A second level of review and approval is performed by the LPEA Board. Records are maintained through Board minutes and electronic accounting records. X 1 1 X X 0 0 0 Jessica Matlock Chief Executive Officer 474020 0 70176 0 450 0 57547 0 26699 0 628892 0 0 0 Dan Harms Executive VP of Grid Solutions & Special Projects 221201 0 28416 0 36987 0 34510 0 26556 0 347670 0 0 0 Graham Smith General Counsel 217301 0 28071 0 450 0 45470 0 20357 0 311649 0 0 0 Elizabeth Howe VP of Administrative Services 192194 0 17436 0 1290 0 35440 0 20357 0 266717 0 0 0 Jerry Sutherlin Vice President of Operations 171204 0 11088 0 13424 0 21349 0 22163 0 239228 0 0 0 Stephen Lynch Substation Maintenance 109412 0 0 0 83080 0 8910 0 21384 0 222786 0 0 0 Drew Timmerman Vice President of Information Technology 176149 0 9702 0 6294 0 30192 0 27406 0 249743 0 0 0 Michael Messier Working Foreman, Lineman 182416 0 153 0 5154 0 14412 0 20500 0 222635 0 0 0 Clinton Peak Working Foreman, Lineman 164905 0 0 0 211 0 14457 0 26099 0 205672 0 0 0 Garrett Hammer District Manager - Pagosa Springs 139328 0 6107 0 15337 0 17876 0 29456 0 208104 0 0 0 Alex Preszler Dispatcher 156793 0 0 0 134 0 10112 0 10022 0 177061 0 0 0 Karl Ramsey Vice President of Finance 126122 0 0 0 9247 0 23804 0 18900 0 178073 0 0 0 Schedule J, Part I, Line 1a As a benefit to all employees, LPEA will pay a portion of health club dues. Schedule J, Part I, Line 3 LPEA obtains salary compensation reports developed by an independent third party from data gathered from cooperatives with similar demographics nation-wide. All compensation changes are reviewed and approved by the Executive committee; the Board of Directors gives final approval. Annual contracts are signed, and documentation of the discussions is noted in the Board of Director minutes. Form 990, Part VI, Section A, Line 6 LPEA is a member-owned cooperative Form 990, Part VI, Section A, Line 7a All directors on the Board are elected by a majority vote of the cooperative's member-owners, by district. Form 990, Part VI, Section A, Line 7b Bylaw changes and major decisions are subject to a majority vote of the cooperative's member-owners. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the organization's top management official, top financial official, and other key employees before being finalized and submitted. Form 990, Part VI, Section B, Line 12c LPEA Board of Directors, officers and key staff disclose any conflict of interest. All employees notify their supervisor of any potential conflicts of interest. Form 990, Part VI, Section B, Line 15 LPEA obtains salary compensation reports developed by an independent third party from data gathered from cooperatives with similar demographics nation-wide. All compensation changes are reviewed and approved by the Officers and Key Staff. CEO annual contracts are signed, and documentation of the discussion is noted in the Board of Director minutes. This process is performed for all non-bargaining unit employees. This process is performed annually. Form 990, Part VI, Section C, Line 19 Certain documents are available on the LPEA website or LPEA SmartHub application. If not available on those sites, documents are available upon request. Form 990, Part XI, Line 9 2023 allocated margin returned to members. FastTrack Communications 779 Tech Center Drive Unit 200 Durango CO 81301 841610295 Telecommunications for Business CO N/A C 0.7625 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 FastTrack Communications s 3355181 Cost