2025-06-05T20:34:16-05:00 2024-12-31 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2024-01-01 810218082 GLACIER ELECTRIC COOPERATIVE INC GLAC 4068735566 410 E MAIN ST CUT BANK MT 594272090 HUGO ANDERSON GENERAL MANAGER 4068735566 2025-05-19 1 1 MELISSA H SOLDANO P01259603 4067614645 2024 2025-03-06 01:10:19Z HUGO ANDERSON 410 E MAIN ST CUT BANK MT 59427 17427520 0 X WWW.GLACIERELECTRIC.COM X 1945 MT RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS 9 9 39 0 0 0 0 0 16479331 17214871 63954 69604 268459 143045 16811744 17427520 0 0 1154697 612103 995468 1074111 0 0 0 14661579 15741306 16811744 17427520 0 0 41969865 41855907 23743328 23953575 18226537 17902332 TRANSMISSION AND DISTRIBUTION OF ELECTRICITY TO ITS MEMBERS, PRIMARILY SERVING GLACIER COUNTY, MT 0 0 14994259 17357916 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE NORTHERN PORTION OF MONTANA 14994259 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 33 0 1 39 1 0 0 0 0 0 0 0 17214871 212649 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 JIM TAYLOR PRESIDENT 2.46 X X 11200 0 0 TERRY TATSEY VICE PRESIDENT 0.92 X X 5250 0 0 ROD CLINE SEC/TREASURER 1.19 X X 7400 0 0 DARROL BERKRAM TRUSTEE 1.89 X 9850 0 0 FRANK AUGARE JR TRUSTEE 0.38 X 2800 0 0 ZITA BREMNER TRUSTEE 1.54 X 6650 0 0 COLLEEN GUSTAFSON TRUSTEE 1.37 X 6000 0 0 MILES LEWIS TRUSTEE 1.48 X 5600 0 0 WALTER BARRY TRUSTEE 1.43 X 5850 0 0 HUGO ANDERSON MANAGER 40.00 X 199991 0 101530 MICHAEL PYETTE OPERATIONS MANAGER 40.00 X 146688 0 30761 ERIN NELSON MANAGER OF FINANCE AND ADM 40.00 X 111912 0 68261 WALTER SHARP LINE FOREMAN 40.00 X 125619 0 57864 MICHAEL FUGLE JOURNEYMAN LINEMAN 40.00 X 113954 0 63059 LES COSTEL JR JOURNEYMAN LINEMAN 40.00 X 121599 0 63139 880363 0 384614 12 0 1 0 0 SALE OF UTILITY SERVICE TO MEMBER 221000 17214871 17214871 17214871 69604 69604 OTHER NON-OPERATING INCOME 221000 93061 93061 CAPITAL CREDITS 221000 49984 49984 143045 17427520 17357916 0 69604 612103 612103 362121 362121 409243 409243 302747 302747 16120 16120 244061 244061 842511 842511 2008211 2008211 140812 140812 COST OF POWER 6498071 6498071 DISTRIBUTION EXPENSE 3359281 3359281 CONSUMER ACCOUNTS 957303 957303 TAXES 626531 626531 1048405 74128 974277 17427520 14994259 2433261 0 2115830 2614287 1335965 1338746 897872 800822 63848 64677 74715277 39517379 35704498 35197898 1849385 1839477 2467 41969865 41855907 1955277 1605292 19722933 20259767 2065118 2088516 23743328 23953575 X 18226537 17902332 0 0 0 0 18226537 17902332 41969865 41855907 X 0 -324205 X 0 1 X 1 0 74715277 39517379 35197898 35197898 CUSTOMER DEPOSITS 164494 OTHER LIABILITIES & ACCRUALS 1924022 2088516 17427520 0 17427520 0 17427520 16815417 0 16815417 612103 612103 17427520 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2024 NET MARGINS 612,103. X X 0 0 0 HUGO ANDERSON MANAGER 199991 0 0 0 0 0 64952 0 36578 0 301521 0 0 0 MICHAEL PYETTE OPERATIONS MANAGER 146688 0 0 0 0 0 6638 0 24123 0 177449 0 0 0 ERIN NELSON MANAGER OF FINANCE AND ADM 111912 0 0 0 0 0 34712 0 33549 0 180173 0 0 0 WALTER SHARP LINE FOREMAN 125619 0 0 0 0 0 34520 0 23344 0 183483 0 0 0 MICHAEL FUGLE JOURNEYMAN LINEMAN 113954 0 0 0 0 0 30571 0 32488 0 177013 0 0 0 LES COSTEL JR JOURNEYMAN LINEMAN 121599 0 0 0 0 0 30651 0 32488 0 184738 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 -975,293. DECREASE IN MEMBERSHIPS FROM PRIOR YEAR -202. ALLOCATION OF 2024 NET MARGINS 612,103. CHANGE IN OTHER EQUITIES 39,187.