2024-10-29T15:31:36-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 830154975 Wheatland Rural Electric Association Inc WHEA 2154 South Street Wheatland WY 82201 Jason Wright General Manager 3073222125 2024-10-29 true true George Lynch P00187596 9138311150 2024-10-29 2023 2024-10-15 13:58:12Z Jason Wright 18094138 false X www.wheatlandrea.com X 1936 WY See Schedule O 5 5 24 0 0 0 17902509 17411220 167954 604981 -37377 77937 18033086 18094138 0 1177755 1335282 598515 767313 0 0 16256816 15991543 18033086 18094138 0 42959601 41243205 22303072 20074678 20656529 21168527 X See Schedule O false false Wheatland Rural Electric Association, Inc. is a member owned electric cooperative that provides 1,806 miles of line, as well as 4,290 different services to around 1,978 members. false false false false false false false false false true false true false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 12 0 true 24 true false false false false false 17852941 978804 false false false X 5 5 false false false false true true true true true false false true true true true true true true true false X Rhonda Apodaca 3073222125 2154 South Street Wheatland WY 82201 Donald E Smith General Manager 40.00 0.00 X 196948 0 33188 Jason Wright General Manager 40.00 0.00 X 152912 0 59341 Rhonda Apodaca Office Manager 40.00 0.00 X 113249 0 38099 Levi Eaton Operations Manager 40.00 0.00 X 104668 0 35597 Sandra Hranchak Director 1.00 0.00 X 10218 0 0 Amy Miller Director 1.00 0.00 X 8610 0 0 Robert Brockman Director 1.00 0.00 X 5692 0 0 Jack Finnerty Director 1.00 0.00 X 4968 0 0 Doug Smialek Director 1.00 0.00 X 3823 0 0 601088 0 166225 4 true true false Front Range Power Line Services PO Box 460 Glenrock WY 82637 Powerline Build 423862 1 Sale of Electricity 221000 17123453 17123453 Capital Credits 221000 189056 189056 Other Operating 221000 98711 98711 17411220 604981 604981 3937 3937 3937 3937 Non Operating 900099 74000 74000 74000 18094138 17485220 0 608918 X 1335282 627048 140265 984638 983542 Cost of Power 10997914 10997914 Distribution Expense 1152626 1152626 Admin & General 1601121 1601121 Member Services 247368 247368 24334 18094138 0 0 0 3431827 1892311 6000000 3685244 1525645 1553014 541669 508205 261230 289511 39773344 16141450 21234700 23631894 9937535 9683026 26995 42959601 41243205 1167603 1159308 20977945 18935635 157524 -20265 22303072 20074678 X 909709 915486 19746820 20253041 20656529 21168527 42959601 41243205 X 0 511998 X X false false 117637 117637 969931 499562 470369 38685776 15641888 23043888 23631894 Investment in Associated Organizati 9411119 C Subordinated Certificates 271907 C 9683026 Other Current Liabilities 305107 Post Retirement Benefit -325372 -20265 X Footnote for uncertain tax position under FIN 48 (Part X) The Association has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Association. While the Association believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Association. The Association recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state and local tax examinations for years prior to 2020. X X false false false Donald E Smith General Manager 196948 9440 23748 230136 Rhonda Apodaca Office Manager 113249 11272 26827 151348 Jason Wright General Manager 152912 14851 44490 212253 Members or stockholder classes and rights Part VI line 6 Wheatland Rural Electric Association, Inc. is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the Cooperatives bylaws. Member election for additional members Part VI line 7a All Board members are elected by the membership. Governing body decisions Part VI line 7b Changes to the bylaws are ratified by the membership. Form 990 governing body review Part VI line 11 The Form 990 is first reviewed and approved by upper management before it is filed; and, is made available upon request to the Board after it is filed. Conflict of interest policy compliance Part VI line 12c The organization monitors their conflict of interest policy through a review with the Board of Directors. CEO executive director top management comp Part VI line 15a The Board reviews manager comparability data when giving final approval on the General Manager salary. The Board looks at manager surveys of Wyoming Statewide Association and NRECA for comparison purposes prior to giving final approval on salaries. Other officer or key employee compensation Part VI line 15b The Board reviews manager comparability data when giving final approval on the Key Employees salaries. The Board looks at key employee surveys of Wyoming Statewide Association and NRECA for comparison purposes prior to giving final approval on salaries. Governing documents etc available to public Part VI line 19 Bylaws are offered to all new members; all other documents are available at anytime upon request. Explanation of other changes in net assets or fund balances Part XI line 9 Current Year Margins Assigned to Members $ 1,335,282Other Changes $ -219,152Retirement of Capital Credits $ -613,897Changes in OCI $ 9,765 Total $ 511,998 Part III response or note to any other line in Part III Part III, Line 1 - Organizations MissionWheatland REA will give excellent service, provided by a well-trained professional and knowledgeable staff to all of our rate classes. We realized the necessity of attracting and retaining large power consumers to help contain the cost of power for all our consumers. To this end, Wheatland REA actively pursues new innovative ideas and practices to help large users streamline their operations and power usage, at the same time working to identify programs to help all rate classes. We will maintain our excellent record of service and reliability to all rate classes. Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2023 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2023. Part XII Response or note to any line in Part XII Form 990, Part XII, Line 2bWheatland Rual Electric Association, Inc.s financial statement year differs from its tax year-end. The Cooperative receives audited financial statements on an annual basis for the year-ended May 31.