2025-09-14T13:02:48-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 920069167 CORDOVA ELECTRIC COOPERATIVE INC CORD 9074245555 PO BOX 20 CORDOVA AK 99574 CLAY KOPLIN CEO 9074245555 2025-09-03 1 0 EMINA O CRESSWELL CPA P01217304 5032421447 2025-09-03 2024 2025-03-06 01:10:19Z CLAY KOPLIN PO BOX 20 CORDOVA AK 99574 7846192 0 X CORDOVAELECTRIC.COM X 1978 AK SERVE RESIDENTIAL, COMMERCIAL, AND GOVERNMENTAL CONSUMERS WITH ELECTRIC UTILITY IN THE AREA OF CORDOVA, ALASKA. 7 7 18 9 0 0 0 0 8393937 7782298 337324 56324 18023 4363 8749284 7842985 11122 11125 624266 206870 734359 917354 0 0 0 7379537 6707636 8749284 7842985 0 0 38943748 37535123 19587035 18273757 19356713 19261366 TO SERVE RESIDENTIAL, COMMERCIAL, AND GOVERNMENTAL CONSUMERS WITH ELECTRIC UTILITY IN THE AREA OF CORDOVA, ALASKA. 0 0 REVENUES FROM THE SALE OF ELECTRIC ENERGY COVERS THE COST OF PRODUCING ELECTRICITY AND MANAGING THE COOPERATIVE IN ORDER TO PROVIDE ELECTRIC UTILITY SERVICE TO THE RESIDENTS AND BUSINESSES IN CORDOVA, ALASKA. PATRONAGE REVENUES ARE USED TO PROVIDE FOR THE PAYMENT OF THE COSTS ASSOCIATED WITH FINANCING OPERATIONS. 0 0 0 0 0 0 0 0 0 1 0 0 1 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 11 0 1 18 1 0 0 0 0 0 7458421 312807 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X EMMA MERRITT CFO 9074245555 PO BOX 20 CORDOVA AK 99574 JOE COOK CHAIR 4.00 X X 0 0 10 STEVEN PHILLIPS VICE CHAIR 1.00 X X 0 0 10 STEVE RANNEY SECRETARY/TREASURER 1.00 X X 0 0 10 SCOTT PEGAU DIRECTOR THRU 03/2024 1.00 X 0 0 10 ROB CAMPBELL DIRECTOR 1.00 X 0 0 10 ANDREW SMALLWOOD DIRECTOR 1.00 X 0 0 10 JEREMY BOTZ DIRECTOR THRU 03/2024 1.00 X 0 0 10 NATASHA CASCIANO DIRECTOR SINCE 03/2024 1.00 X 0 0 10 LYNETTE LOHSE WRIGHT DIRECTOR SINCE 03/2024 1.00 X 0 0 10 CLAY KOPLIN CEO 46.00 X 234912 0 158742 EMMA MERRITT CFO 41.00 X 129463 0 99372 RUSS GOSS MGR - GENERATION 47.00 X 165708 0 129067 TREVER KUDRNA TECHNOLOGY MANAGER 42.00 X 202507 0 160306 JEFFREY FIELD LINEMAN FOREMAN 42.00 X 182154 0 50250 BRIAN WAGNER GENERATION FOREMAN 42.00 X 114932 0 49604 BEN SIMPLER LINEMAN 42.00 X 155003 0 50468 GARRETT COLLINS GENERATION OPERATOR 42.00 X 113693 0 49693 1298372 0 747592 8 0 1 0 MC MILLEN LLC 1401 W SHORELINE DRIVE SUITE 100 BOISE ID 83702 ENGINEERING SERVICES 205053 1 ELECTRIC ENERGY REV. 221000 7458421 7458421 PATRONAGE 221000 323877 323877 7782298 53893 53893 5638 3207 2431 2431 2431 NET CONTRACT REVENUE 900099 4363 4363 4363 7842985 7786661 0 56324 11125 206870 917354 28498 49974 22716 13390 168713 126535 755219 1288125 416979 POWER PROD. & FUEL 2292583 DISTRIBUTION 638201 EXTRAORDINARY DEDUCTION 514145 CONSUMER ACCOUNTS 275953 116605 7842985 82404 92709 2368178 911419 621737 555945 1043637 1080317 610278 372284 53144712 22496984 30458106 30647728 3759408 3874721 38943748 37535123 860291 769103 18253429 16949798 473315 554856 19587035 18273757 X 0 0 744053 836335 18612660 18425031 19356713 19261366 38943748 37535123 X 0 -95347 X 0 1 X 0 0 651258 651258 14120235 4299237 9820998 3028630 1825318 1203312 33397964 16369315 17028649 1946625 3114 1943511 30647728 INVESTMENT IN ASSOCIATED ORGANIZATIONS 3522874 OPERATING LEASE ASSET 351847 3874721 CONSUMER DEPOSITS 51999 OPERATING LEASE LIABILITY 318537 REGULATORY LIABILITY 184320 554856 X 7850344 11722 11722 7838622 4363 4363 7842985 7643474 11722 11722 7631752 211233 211233 7842985 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL AND STATE TAXES ON INCOME BY PROVISION OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE COOPERATIVE APPLIES THE PROVISIONS OF TOPIC 740 OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE COOPERATIVE ANNUALLY REVIEWS ITS TAX RETURN AND POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS. THE COOPERATIVE BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE DISCLOSURE OR ADJUSTMENT IN THESE FINANCIAL STATEMENTS. THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRACT REVENUES - NETTED WITH EXPENSES FOR 990 PRESENTATION 11,722. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISCELLANEOUS REVENUE 4,363. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONTRACT REVENUES - NETTED WITH EXPENSES FOR 990 PRESENTATION 11,722. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS PAID (ASSIGNABLE) 206,870. MISCELLANEOUS REVENUE 4,363. X X X 0 0 0 CLAY KOPLIN CEO 233400 0 0 0 1512 0 116638 0 42104 0 393654 0 0 0 TREVER KUDRNA TECHNOLOGY MANAGER 202507 0 0 0 0 0 114655 0 45651 0 362813 0 0 0 RUSS GOSS MGR - GENERATION 165708 0 0 0 0 0 82561 0 46506 0 294775 0 0 0 JEFFREY FIELD LINEMAN FOREMAN 182154 0 0 0 0 0 23993 0 26257 0 232404 0 0 0 EMMA MERRITT CFO 129463 0 0 0 0 0 54265 0 45107 0 228835 0 0 0 BEN SIMPLER LINEMAN 155003 0 0 0 0 0 24211 0 26257 0 205471 0 0 0 BRIAN WAGNER GENERATION FOREMAN 114932 0 0 0 0 0 23347 0 26257 0 164536 0 0 0 GARRETT COLLINS GENERATION OPERATOR 113693 0 0 0 0 0 23436 0 26257 0 163386 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A UTILITY COOPERATIVE SERVING ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY ANNUALLY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY BYLAW CHANGES AND MUST VOTE ON THE DISPOSITION OF ANY SUBSTANTIAL PORTION OF COOPERATIVE PROPERTY. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY REVIEWS AND APPROVES THE AUDIT REPORT AND ITS UNDERLYING DATA USED FOR THE PREPARATION OF FORM 990. FORM 990 IS NOT DISTRIBUTED TO MEMBERS BUT IS MADE AVAILABLE UPON REQUEST. THE COMPLETED FORM 990 IS REVIEWED AND DISCUSSED BY THE MANAGER OF ADMINISTRATION AND FINANCE, CPA, AND CEO BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD INTERPRETS AND ENFORCES THE CONFLICT OF INTEREST POLICY. THE POLICY IDENTIFIES THE CLASSES OF INDIVIDUALS WITHIN THE ORGANIZATION COVERED BY THE POLICY, FACILITATES DISCLOSURE OF INFORMATION THAT CAN HELP IDENTIFY CONFLICTS OF INTEREST, AND SPECIFIC PROCEDURES TO BE FOLLOWED IN MANAGING CONFLICTS OF INTEREST. THE MINUTES OF ALL BOARD MEETINGS SHOULD RECORD ALL DISCLOSURES, VOTES, AUTHORIZATIONS, AND OTHER ACTIONS TAKEN UNDER THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 EVERY OTHER YEAR, MANAGEMENT REVIEWS AND ADJUSTS THE COMPENSATION PLAN AS APPROPRIATE BASED ON CHANGES IN JOB RESPONSIBILITIES AND CHANGES IN THE LABOR MARKET THAT IMPACT THE EXTERNAL EQUITY OF THE PLAN. A COMPENSATION MODEL IS ALSO USED TO CREATE A RANGE OF PAY RATES FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES. THE BOARD THEN APPROVES THE SALARY STRUCTURE FOR THE CEO AND THE CEO'S COMPENSATION, AND THE CEO APPROVES THE SALARY STRUCTURE FOR ALL REMAINING OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION AND THEIR COMPENSATION. THE BOARD'S APPROVAL OF THE CEO'S COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTED AT THE BOARD MEETINGS. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 FOR THE LAST THREE YEARS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9: PATRONAGE DIVIDENDS PAID (ASSIGNABLE) 206,870. PATRONAGE CAPITAL RETURNED -394,499. GAINS FROM PATRONAGE CAPITAL 5,846. UNCLAIMED PROPERTY 86,436.