2024-11-01T09:39:46-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 840147605 SOUTHEAST COLORADO POWER ASSOCIATION SOUT 7193842551 PO BOX 521 LA JUNTA CO 81050 KEVIN BRANDON CEO 7193842551 2024-10-31 1 1 LAURIE HANSON CPA P00851848 6053391999 2024-10-31 2023 2024-10-15 13:58:12Z KEVIN BRANDON PO BOX 521 LA JUNTA CO 81050 36944352 0 X WWW.SECPA.COM X 1939 CO PROVIDE ELECTRIC SERVICE TO MEMBERS ON A NOT-FOR-PROFIT BASIS. 7 7 59 0 598745 59841 0 0 37815328 36015176 378424 283786 543566 645390 38737318 36944352 39740 56181 3602402 1844504 1176764 1197533 0 0 0 34336289 32945995 39155195 36044213 -417877 900139 110977117 114069584 45582577 46616270 65394540 67453314 X OUR PRIMARY MISSION IS TO PROVIDE HIGH QUALITY, RELIABLE, ELECTRIC SERVICE AT A REASONABLE COST TO OUR MEMBERS, IMPROVE THEIR QUALITY OF LIFE THROUGH NEW TECHNOLOGIES AND SERVICES, BE A VISIBLE AND ACTIVE MEMBER OF THE COMMUNITY, AND SERVE OUR MEMBERS WITH RESPECT, COURTESY AND RESPONSIVENESS. 0 0 SOLD AND DISTRIBUTED ELECTRICITY TO RURAL MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 71 0 1 59 1 1 1 0 0 0 0 0 0 36485424 1076734 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X AARON JOHNSON 7193842551 PO BOX 521 LA JUNTA CO 81050 TRUMAN WRIGHT PRESIDENT 1.20 0.80 X X 6750 0 0 CLINT ANDERSON VICE PRESIDENT 0.90 0.80 X X 6750 0 0 MERLIN RUSHTON SECRETARY 1.90 0.80 X X 6150 0 0 KEVIN KARNEY DIRECTOR (UNTIL APRIL 2023) 0.30 0.80 X 2000 0 0 RANDY PHILLIPS DIRECTOR 1.10 0.80 X 6300 0 0 BRAD BUCK DIRECTOR 0.90 0.80 X 6150 0 0 LAWRENCE BRASE DIRECTOR 1.00 0.80 X 6900 0 0 MICHELLE GARDNER DIRECTOR (BEG SEPT 2023) 0.40 0.80 X 2000 0 0 CRAIG MCBRAIN CFO (UNTIL NOV 2023) 40.00 0.00 X 131481 0 28959 KEVIN BRANDON CHIEF EXECUTIVE OFFICER 40.00 0.00 X 189005 0 112170 MARK HALL CHIEF OPERATING OFFICER 40.00 0.00 X 169482 0 63036 CLINT ARBUTHNOT WORKING FOREMAN 40.00 0.00 X 142100 0 44298 MIKE TRUMBLE LINE SUPERINTENDENT 40.00 0.00 X 146750 0 85258 GARRETT WERTZ WORKING FOREMAN 40.00 0.00 X 147748 0 42203 JOHN JACKSON WORKING FOREMAN 40.00 0.00 X 153125 0 18323 1122691 0 394247 23 0 1 0 STAMPEDE POWER LINE SERVICES 35074 COUNTY RD SS WILEY CO 81092 CONSTRUCTION 2298872 1 SALE OF ELECTRICITY 221000 35079926 35079926 CAPITAL CREDITS 221000 449026 449026 RENTAL REVENUE 221000 244200 244200 EQUITY EARNINGS/(LOSSES) 221000 216149 216149 POLE RENTAL REVENUE 221000 25875 25875 36015176 270620 235931 23131 11558 13166 0 13166 13166 13166 MISCELLANEOUS REVENUE 221000 645390 251258 331414 62718 645390 36944352 36258165 598745 87442 X 44181 12000 1844504 480002 717531 1301003 4214950 FEDERAL INCOME TAXES 88681 COST OF POWER PURCHASED 19691118 DISTRIBUTION MAINTENANC 2990391 DISTRIBUTION OPERATIONS 2539643 2120209 36044213 1451879 1298866 2770643 2620342 147000 80000 1771533 1838888 6417202 5902649 135021233 61013535 70369354 74007698 8694613 8910771 18619764 18701426 735129 708944 110977117 114069584 2875438 3208198 135941 111473 40314344 40196840 1557922 2449670 698932 650089 45582577 46616270 X 0 0 0 0 65394540 67453314 65394540 67453314 110977117 114069584 X 900139 1158635 X 0 1 X 1 0 625927 625927 9429477 1442584 7986893 6791422 5091787 1699635 118174407 54479164 63695243 74007698 INVESTMENT IN SECOM 8910771 C 8910771 FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE PATRONAGE CAPITAL 394226 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE PATRONAGE CAPITAL 179126 C NRUCFC 743420 C OTHER 22489 C WESTERN UNITED ELECTRIC SUPPLY 1251616 C INVESTMENT IN TRI-STATE G&T COOPERATIVE 16110549 C 18701426 DUE TO AFFILIATED COMPANY 8281 CONSUMER DEPOSITS 578187 DEFERRED CREDITS 63621 650089 X 36464737 0 36464737 479615 479615 36944352 33720094 0 33720094 2324119 2324119 36044213 PART X, LINE 2: THE ASSOCIATION IS ORGANIZED UNDER THE COOPERATIVE LAWS OF THE STATE OF COLORADO AND HAS OBTAINED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER CODE SECTION 501(C)(12). PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY LABOR 51,919. RECLASSIFY EXPENSES OUT OF REVENUE 427,696. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF MEMBER BENEFIT 1,844,504. INTERCOMPANY LABOR 51,919. RECLASSIFY EXPENSES OUT OF REVENUE 427,696. 1 TOWN OF GRANADA PO BOX 258 GRANADA CO 81041 846000672 GOVERNMENT 0 23927 COST LABOR AND MATERIALS TO BUILD SERVICE TO HOUSING DEVELOPMENT COMMUNITY SERVICE 1 SCHOLARSHIPS 12 12000 PART I, LINE 2: SCHOLARSHIP PAYMENTS ARE MADE PAYABLE TO THE SCHOOL AND THE RECIPIENT. THE SCHOOL WILL PROVIDE CONFIRMATION THAT THE PAYMENT WAS USED FOR TUITION IF REQUESTED BY THE COOPERATIVE. OTHER SUPPORT IS GIVEN AS NEED ARISES, FOLLOWING COMMUNICATION AMONG TOP MANAGEMENT OFFICIALS. X X 0 0 0 KEVIN BRANDON CHIEF EXECUTIVE OFFICER 177366 0 0 0 11639 0 84625 0 29868 0 303498 0 0 0 MARK HALL CHIEF OPERATING OFFICER 167980 0 0 0 1502 0 40873 0 24106 0 234461 0 0 0 MIKE TRUMBLE LINE SUPERINTENDENT 143624 0 0 0 3126 0 56794 0 30246 0 233790 0 0 0 GARRETT WERTZ WORKING FOREMAN 134919 0 0 0 12829 0 13397 0 30110 0 191255 0 0 0 CLINT ARBUTHNOT WORKING FOREMAN 130775 0 0 0 11325 0 17767 0 27839 0 187706 0 0 0 JOHN JACKSON WORKING FOREMAN 141828 0 0 0 11297 0 6080 0 13462 0 172667 0 0 0 CRAIG MCBRAIN CFO (UNTIL NOV 2023) 130828 0 0 0 653 0 4128 0 26424 0 162033 0 0 0 SCHEDULE J, PART II, COLUMN C COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KEVIN BRANDON $79,059 - MIKE TRUMBLE $52,216 - MARK HALL $35,750 - GARRET WERTZ $9,649 - CLINT ARBUTHNOT $14,029 - JOHN JACKSON $2,259 - CRAIG MCBRAIN $0 THE ACTUAL EXPENSE OF THE ASSOCIATION FOR DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KEVIN BRANDON $35,683 - MIKE TRUMBLE $28,797 - MARK HALL $32,256 - GARRET WERTZ $22,017 - CLINT ARBUTHNOT $22,017 - JOHN JACKSON $11,768 - CRAIG MCBRAIN $14,848 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS INDIVIDUAL, JOINT, AND BUSINESS MEMBERS. EACH MEMBERSHIP IS ALLOWED ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE SHALL BE ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. THE BOARD CONSISTS OF 7 DIRECTORS WHO ARE ELECTED BY THE MEMBERSHIP TO SERVE MEMBERS BY RESPONDING TO AND SUPPORTING MEMBER NEEDS. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS NEEDED FOR ACTIONS RELATED TO CAPITAL CREDITS AND SIGNIFICANT PROPERTY DISPOSITIONS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT AND PAID PREPARER REVIEW DRAFTS OF FORM 990 PRIOR TO FILING. A COPY OF THE 990 IS PROVIDED TO BOARD MEMBERS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: BOARD MEMBERS AND EMPLOYEES ARE COVERED BY THE CONFLICT OF INTEREST POLICY. POTENTIAL CONFLICTS WITH BOARD MEMBERS ARE TAKEN TO THE CEO AND/OR THE BOARD OF DIRECTORS FOR REVIEW. IF A TRANSACTION IS DETERMINED TO BE IN THE BEST INTEREST OF THE ORGANIZATION, A VOTE IS TAKEN TO APPROVE THE TRANSACTION. IF A BOARD MEMBER IS DETERMINED TO HAVE A CONFLICT OF INTEREST, THE BOARD MEMBER IS REQUIRED TO ABSTAIN FROM DISCUSSION AND VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS A SALARY SURVEY FOR COOPERATIVE CEOS, ASSESSING THE CEO PERFORMANCE AND EVALUATING COMPENSATION. FOR OFFICERS' SALARIES, THE HR DEPARTMENT UTILIZES AN INDUSTRY-SPECIFIC SALARY SURVEY TO ASSIST IN EVALUATING ANNUAL SALARY ADJUSTMENTS. THE SALARIES OF BOTH THE CEO AND CFO ARE REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS, RATES, TERMS OF SERVICE, AND TAX RETURNS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. AUDITED AND INTERIM FINANCIAL INFORMATION IS PROVIDED TO COOPERATIVE MEMBERS UPON REQUEST. FORM 990, PART IX, LINE 24E CUSTOMER ACCOUNTS & SERVICE 808,006. ALL OTHER EXPENSES 698,648. ADMIN AND GENERAL EXPENSES 602,242. GENERAL TAXES 11,313. FORM 990, PART XI, LINE 9: UNCLAIMED RETIRED CAPITAL CREDITS 614,976. RETIREMENT OF CAPITAL CREDITS -1,300,845. ALLOCATION OF MEMBER BENEFIT 1,844,504. SECOM INC 27850 HARRIS ROAD LA JUNTA CO 81050 480707018 TELECOMMUNICATION CO SOUTHEAST COLORADO POWER ASSOCIATION C 14159881 24112236 1.00000 1 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 SECOM INC A 267331 BOOK BASIS SECOM INC L 331415 BOOK BASIS SECOM INC Q 76920 BOOK BASIS SECOM INC S 63360 BOOK BASIS