2024-05-23T10:45:03-05:00 2023-12-31 810386935 SUMMERS MCNEA & CO PC 15 AVANTA WAY SUITE 1 BILLINGS MT 59102 990 2023-01-01 810217772 BIG FLAT ELECTRIC COOPERATIVE INC BIGF 4066542040 PO BOX 229 MALTA MT 595380229 ALAN WASSON PRESIDENT 4066542040 2024-05-16 1 ALAN WASSON 999009999 0 BRIAN F VAN STEELAND P00481262 4066522320 2024-05-16 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z GRETCHEN BOARDMAN 333 S 7TH STREET EAST MALTA MT 59538 4133561 0 X BIGFLATELECTRIC.COM X 1946 MT RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICITY AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN RURAL MONTANA. 7 7 12 0 0 0 0 0 3993052 3829211 36979 93089 225463 211261 4255494 4133561 0 0 198852 203612 376188 398639 0 0 0 3249266 3150176 3824306 3752427 431188 381134 11537185 11756069 2053280 1891030 9483905 9865039 RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE NORTH CENTRAL PORTION OF MONTANA. 0 0 TO PROVIDE ELECTRICITY & UTILITY SERVICES TO MEMBERS AND PATRONS LOCATED IN THE NORTH CENTRAL AREA OF MONTANA. IT IS A RURAL ELECTRIC COOPERATIVE WHICH SERVES APPROXIMATELY 1,136 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 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 12 0 1 12 1 0 0 0 0 0 4006777 302546 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X KARI HAMMOND 4066542040 333 S 7TH STREET EAST MALTA MT 595380229 ROGER SOLBERG VICE PRESIDENT 4.00 X X 3825 0 0 PATTY QUISNO DIRECTOR 3.00 X 4350 0 0 ALAN WASSON PRESIDENT 5.00 X X 8770 0 0 BETTY CAMPBELL SECRETARY- TREASURER 3.00 X X 2525 0 0 DUANE KLINDWORTH DIRECTOR 4.00 X 5000 0 0 ALAN VAN VOAST DIRECTOR 4.00 X 4325 0 0 KEVIN KOSS DIRECTOR 4.00 X 8525 0 0 KARI HAMMOND OFFICE SUPERVISOR 40.00 X 87826 0 36419 GRETCHEN BOARDMAN GENERAL MANGER 40.00 X 145319 0 40079 DARREN DEMARAIS OPERATION SUPERVISOR 40.00 X 113701 0 0 JOE HOULD LINEMAN 40.00 X 103765 0 0 ROSS HASLER LINEMAN 40.00 X 101808 0 0 LEIF SORENSON LINEMAN 40.00 X 101801 0 0 NATHAN VEIT LINEMAN 40.00 X 101649 0 0 793189 0 76498 6 0 1 0 0 SALE OF ELECTRICITY 221000 3829211 3829211 3829211 93089 93089 1804 0 1804 1804 1804 PATRONAGE CAPITAL INCO 221000 209457 209457 209457 4133561 4131757 0 1804 203612 346960 47836 3843 13562 11500 576 573 26131 879 39566 40057 574983 9978 COST OF POWER 1076544 DISTRIBUTION OPERATIONS 562464 DISTRIBUTION MAINTENANC 396663 CONSUMER ACCOUNTS EXPEN 203240 193460 3752427 382185 236132 1770643 1922364 447645 347924 461344 402615 85177 91986 24300952 17118173 6918138 7182779 1425239 1516148 46814 56121 11537185 11756069 136131 84657 1066058 959874 851091 846499 2053280 1891030 X 0 0 5121073 5181158 4362832 4683881 9483905 9865039 11537185 11756069 381134 0 X X 0 1 X 1 0 85067 85067 363474 245899 117575 2511448 2029859 481589 21340963 14842415 6498548 7182779 INVESTMENT IN CFC TERM CERTIFICATES 199889 C PATRONAGE ALLOCATION CFC & CENTRAL 1306309 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 9950 C 1516148 CONSUMERS DEPOSITS 517509 ACCRUED PROPERTY TAXES 99409 ACCRUED INTEREST 6511 ACCRUED VACATION & SICK LEAVE 172899 CAPITAL CREDITS PAYABLE- EDUCATION FUND 21007 CONSUMER ENERGY PREPAYMENTS 29164 846499 X 4133561 0 4133561 0 4133561 3548814 0 3548814 203613 203613 3752427 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2023. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBERS- CAPITAL CREDIT RETIREMENTS 203,613. PART VI LINE 1E- OTHER PROPERTY PART V1- LINE 1E- OTHER PROPERTY- TRANSMISSION AND GENERATING PLANT INCLUDING POLES, WIRES AND STATION EQUIPMENT TOTALING $2,145,282; DISTRIBUTION PLANT INCLUDING POLES, WIRE, METERS AND TRANSFORMERS TOTALING $19,190,206; AND CONSTRUCTION WORK IN PROGRESS TOTALING $5,475. 1 X X 0 0 0 GRETCHEN BOARDMAN GENERAL MANGER 145319 0 0 0 0 0 17700 0 22379 0 185398 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 1,136 VOTING MEMBERS AT DECEMBER 31, 2023. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THREE BOARD OF DIRECTORS TO SERVE A THREE YEAR TERM AT THE COOPERATIVE ANNUAL MEETING HELD IN OCTOBER OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B ALL BYLAW CHANGES RECOMMENDED BY THE BOARD OF DIRECTORS ARE APPROVED AND RATIFIED BY THE MAJORITY OF MEMBERSHIP AT THE COOPERATIVE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE GENERAL MANAGER, THE BOARD PRESIDENT AND SECRETARY/TREASURER PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES MUST DISCLOSE TO THE BOARD OF DIRECTORS ANY SITUATION OR TRANSACTION IN WHICH THE TRUSTEE IS INVOLVED WHICH VIOLATES, OR COULD APPEAR TO VIOLATE THE INTENT OF THE CONFLICT OF INTEREST POLICY. THE BOARD WILL THEN DETERMINE WHAT ACTION, IF ANY, SHOULD BE TAKEN. EACH TRUSTEE IS RESPONSIBLE FOR ENSURING THAT HIS OR HER ACTIONS AND BEHAVIOR ARE IN ACCORDANCE WITH THIS POLICY. IF THE TRUSTEE DOES NOT COMPLY WITH THE POLICY, THE BOARD WILL SANCTION, DISQUALIFY AND/OR REMOVE THE TRUSTEE. FORM 990, PART VI, SECTION B, LINE 15 MONTANA STATEWIDE ORGANIZATION-MONTANA ELECTRIC COOPERATIVE ASSOCIATION -(MECA) - PERFORMS A ANNUAL SALARY SURVEY FOR ALL MONTANA TELEPHONE AND ELECTRIC COOPERATIVES BY JOB CLASSIFICATION. THE BOARD OF DIRECTORS AND THE GENERAL MANAGER USES THIS SURVEY TO ANNUALLY SET WAGES FOR FOR ITS GENERAL MANAGER AND INSIDE PERSONNEL. THE COOPERATIVE LINEMEN SALARIES ARE ESTABLISHED BY A SIGNED COLLECTIVELY BARGAINED UNION CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL REPORTS- CFC FORM 7- AND FORM 990- ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE HEADQUARTER OFFICE. IN ADDITION, EACH NEW MEMBER IS PROVIDED WITH A COPY OF BIG FLAT ELECTRIC COOP'S BY LAWS. ALSO, THE STATEMENT OF FINANCIAL CONDITION IS SENT OUT YEARLY TO ALL MEMBERS IN THE ANNUAL MEETING NOTICE PRIOR TO THE ANNUAL MEETING HELD IN OCTOBER OF EACH YEAR. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.