2024-04-25T13:39:01-05:00 2023-12-31 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2023-01-01 810218082 GLACIER ELECTRIC COOPERATIVE INC GLAC 4068735566 410 E MAIN ST CUT BANK MT 594272090 HUGO ANDERSON GENERAL MANAGER 4068735566 2024-04-23 1 HUGO ANDERSON 999009999 0 MELISSA H SOLDANO P01259603 4067614645 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z HUGO ANDERSON 410 E MAIN ST CUT BANK MT 59427 16811744 0 X WWW.GLACIERELECTRIC.COM X 1945 MT RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS 9 9 36 0 0 0 0 0 16845415 16479331 52267 63954 232939 268459 17130621 16811744 0 0 484045 1154697 1215693 995468 0 0 0 15430883 14661579 17130621 16811744 0 0 41135216 41969865 23133851 23743328 18001365 18226537 TRANSMISSION AND DISTRIBUTION OF ELECTRICITY TO ITS MEMBERS, PRIMARILY SERVING GLACIER COUNTY, MT 0 0 14413367 16747790 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE NORTHERN PORTION OF MONTANA 14413367 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 34 0 1 36 1 0 0 0 0 0 0 0 16479331 332413 0 0 0 X 9 9 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 4068735566 410 E MAIN ST CUT BANK MT 59427 COLLEEN GUSTAFSON PRESIDENT 1.25 X X 4950 0 0 JIM TAYLOR VICE PRESIDENT 2.71 X X 11200 0 0 DARROL BERKRAM SECRETARY/TREASURER 1.45 X X 6750 0 0 ZITA BREMNER TRUSTEE 1.34 X 5400 0 0 MILES LEWIS TRUSTEE 1.31 X 5200 0 0 TERRY TATSEY TRUSTEE 1.06 X 5200 0 0 WALTER BARRY TRUSTEE 1.21 X 5800 0 0 FRANK AUGARE JR TRUSTEE 0.00 X 3600 0 0 ROD CLINE TRUSTEE 1.02 X 4400 0 0 HUGO ANDERSON MANAGER 40.00 X 211280 0 96725 MICHAEL PYETTE OPERATIONS MANAGER 40.00 X 143434 0 30132 WALTER SHARP LINE FOREMAN 40.00 X 121717 0 56442 JORDAN RUNNINGWOLF FOREMAN 40.00 X 117555 0 42923 ERIN NELSON MANAGER OF FINANCE AND ADMIN 40.00 X 114983 0 65109 MICHAEL FUGLE JOURNEYMAN LINEMAN 40.00 X 114111 0 61780 875580 0 353111 6 0 1 0 0 SALE OF UTILITY SERVICE TO MEMBER 221000 16479331 16479331 16479331 63954 63954 OTHER NON-OPERATING INCOME 221000 181729 181729 CAPITAL CREDITS 221000 86730 86730 268459 16811744 16747790 0 63954 1154697 1154697 360505 360505 349677 349677 285286 285286 13813 13813 227963 227963 784039 784039 1980080 1980080 126978 126978 COST OF POWER 5812766 5812766 DISTRIBUTION EXPENSE 3159891 3159891 CONSUMER ACCOUNTS 814057 814057 TAXES 670233 670233 1071759 23791 1047968 16811744 14413367 2398377 0 1651520 2115830 1528899 1335965 696911 897872 97110 63848 73415056 37710558 35285825 35704498 1846528 1849385 28423 2467 41135216 41969865 2004113 1955277 19087536 19722933 2042202 2065118 23133851 23743328 X 18001365 18226537 0 0 0 0 18001365 18226537 41135216 41969865 X 0 225172 X 0 1 X 1 0 73415056 37710558 35704498 35704498 CUSTOMER DEPOSITS 175754 OTHER LIABILITIES & ACCRUALS 1889364 2065118 16811744 0 16811744 0 16811744 15657047 0 15657047 1154697 1154697 16811744 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2023 NET MARGINS 1,154,697. X X 0 0 0 HUGO ANDERSON MANAGER 211280 0 0 0 0 0 60700 0 36025 0 308005 0 0 0 MICHAEL PYETTE OPERATIONS MANAGER 143434 0 0 0 0 0 6367 0 23765 0 173566 0 0 0 WALTER SHARP LINE FOREMAN 121717 0 0 0 0 0 33550 0 22892 0 178159 0 0 0 JORDAN RUNNINGWOLF FOREMAN 117555 0 0 0 0 0 30174 0 12749 0 160478 0 0 0 ERIN NELSON MANAGER OF FINANCE AND ADMIN 114983 0 0 0 0 0 32019 0 33090 0 180092 0 0 0 MICHAEL FUGLE JOURNEYMAN LINEMAN 114111 0 0 0 0 0 29761 0 32019 0 175891 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 GLACIER ELECTRIC COOPERATIVE IS A MEMBERSHIP ORGANIZATION WHOSE MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS AND RECEIVE CAPITAL CREDITS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO ORGANIZATIONAL BY-LAWS AND SELLING A SUBSTANTIAL PORTION OF PROPERTY REQUIRES MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S INDEPENDENT CPA, REVIEWED BY MANAGEMENT FOR ANY CORRECTIONS, AND SENT TO THE BOARD FOR THEIR REVIEW AND QUESTIONS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE REVIEWED ANNUALLY BY ALL MEMBERS OF THE BOARD. MANAGEMENT MONITORS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE GENERAL MANAGER IS DETERMINED BY A COMMITTEE OF THE BOARD OF DIRECTORS AND APPROVED BY THE FULL BOARD. COMPARABLE DATA FROM OTHER COOPERATIVES AND PERFORMANCE REVIEWS ARE EVALUATED AS WELL. FORM 990, PART VI, SECTION C, LINE 19 ALL PUBLIC COOPERATIVE DOCUMENTS MAY BE REQUESTED FROM THE COOPERATIVE OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -966,445. INCREASE IN MEMBERSHIPS FROM PRIOR YEAR 670. ALLOCATION OF 2023 NET MARGINS 1,154,697. CHANGE IN OTHER EQUITIES 36,250.