2025-10-10T11:32:00-05:00 2024-12-31 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 462045108 990 2024-01-01 351274565 WABASH VALLEY POWER ASSOCIATION INC WABA 3174812800 6702 INTECH BLVD INDIANAPOLIS IN 46278 THERESA YOUNG COO 3174812800 2025-10-10 1 1 JEFFREY FRANK P00287234 3174648600 2024 2025-03-06 01:10:19Z WABASH VALLEY POWER ALLIANCE JEFFREY A CONRAD 6702 INTECH BLVD INDIANAPOLIS IN 46278 806299039 0 X WWW.WVPA.COM X 1963 IN WABASH VALLEY POWER ASSOCIATION, INC. IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE WHICH EXISTS TO MEET THE COLLECTIVE NEEDS OF OUR MEMBER-OWNERS AND PROVIDE RELIABLE, STABLE, AND RESPONSIBLE ENERGY SOLUTIONS. 23 23 125 0 0 0 0 0 776732641 799500402 10919984 6121107 10683 10382 787663308 805631891 0 0 0 0 11939552 12847509 0 0 0 745799165 758759062 757738717 771606571 29924591 34025320 1562139754 1704142884 1259336826 1369839966 302802928 334302918 WABASH VALLEY POWER ASSOCIATION, INC. IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE WHICH EXISTS TO MEET THE COLLECTIVE NEEDS OF OUR MEMBER-OWNERS AND PROVIDE RELIABLE, STABLE, AND RESPONSIBLE ENERGY SOLUTIONS. 0 0 THE EXEMPT PURPOSE OF WABASH VALLEY POWER ASSOCIATION, INC. IS TO PROVIDE ELECTRICITY TO ITS MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 12 0 1 125 1 0 0 0 0 0 168318000 -24480000 0 0 0 X 23 23 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 1 1 1 1 0 CA GA IN X THERESA YOUNG COO 3174812800 6702 INTECH BLVD INDIANAPOLIS IN 46278 DENNIS BURTON DIRECTOR/CHAIRMAN 6.00 0.00 X X 33575 0 0 DOUGLAS H BURNWORTH DIRECTOR/SECRETARY & TREASURER 7.00 0.00 X X 30900 0 0 KENNETH D DENTON DIRECTOR 6.00 0.00 X 26950 0 0 BART NESIUS DIRECTOR/VICE CHAIRMAN 4.00 0.00 X X 25100 0 0 TINA DAVIS DIRECTOR 3.00 0.00 X 21550 0 0 DAVID JANNEY DIRECTOR 6.00 0.00 X 21250 0 0 PHILIP M HAYES DIRECTOR 3.00 0.00 X 19150 0 0 SHANE RASLER DIRECTOR 5.00 0.00 X 19050 0 0 NOEL KENDALL DIRECTOR 3.00 0.00 X 17150 0 0 ANTHONY FLEMING DIRECTOR 3.00 0.00 X 16700 0 0 FRANK KOBILSEK DIRECTOR 5.00 0.00 X 16450 0 0 ALAN SCHLAGENHAUF DIRECTOR 4.00 0.00 X 15350 0 0 LARRY JACK DIRECTOR 6.00 0.00 X 15350 0 0 CHARLES HUEBENER DIRECTOR 4.00 0.00 X 14750 0 0 RICK RISLEY DIRECTOR 3.00 0.00 X 14400 0 0 JON RETTINGER DIRECTOR 4.00 0.00 X 13500 0 0 MATT HESSION DIRECTOR 3.00 0.00 X 12500 0 0 JIM SAVAGE DIRECTOR 2.00 0.00 X 10500 0 0 JEFFREY W CLEM DIRECTOR (BEG 1/24) 2.00 0.00 X 10500 0 0 CLAYTON DANIEL GARD JR DIRECTOR 1.00 0.00 X 10000 0 0 RODNEY SCHERER DIRECTOR 2.00 0.00 X 8850 0 0 KEVIN COX DIRECTOR 1.00 0.00 X 8550 0 0 KIRK ALTER DIRECTOR 1.00 0.00 X 4600 0 0 MICHAEL P CONNER DIRECTOR (THRU 1/24) 2.00 0.00 X 0 0 0 JEFF CONRAD PRESIDENT AND CEO 40.00 0.00 X 777791 0 114263 THERESA YOUNG COO 40.00 0.00 X 348232 0 34646 MATTHEW MOORE EXEC. VP, POWER SUPPLY 40.00 0.00 X 340473 0 40639 CURTIS TAYLOR EXEC. VP, TECHNOLOGY SERVICES 40.00 0.00 X 306700 0 34257 JEFF HUME VP, STRAT. ELEC. & MEM. RELATIONS 40.00 0.00 X 305577 0 33612 VICKI GARDNER VP, MARKETING, COMM., & ADVOCACY 40.00 0.00 X 201518 0 37824 ALBERT TAYLOR VP, GENERATION 40.00 0.00 X 219624 0 18164 RICHARD MULLEN DIRECTOR, FIELD OPERATIONS 40.00 0.00 X 218355 0 35869 SPENCER HOUSE DIRECTOR OF SYSTEM OPERATIONS 40.00 0.00 X 200242 0 40237 JOAN SOLLER DIRECTOR, RISK MGMT. & REG. AFFAIRS 40.00 0.00 X 188043 0 34435 CHRIS DANIELS EXEC. DIRECTOR OF ENGINEERING 40.00 0.00 X 184633 0 37396 NISHA HARKE SR. MGR., FINANCE & LENDER RELATIONS 40.00 0.00 X 173703 0 38238 3851566 0 499580 54 0 1 0 BURNS MCDONNELL ENGINEERING COMPANY 9400 WARD PARKWAY KANSAS CITY MO 64114 CONSTRUCTION SERVICES 19602007 DUKE ENERGY INDIANA LLC 1000 EAST MAIN ST PLAINFIELD IN 46168 MANAGEMENT FEES 14358659 ANIXTER INC PO BOX 842584 DALLAS TX 75284 MANAGEMENT FEES 7620411 EDWARDS-RIGDON CONSTRUCTION 105 COMMERCE DR STE A DANVILLE IN 46122 CONSTRUCTION SERVICES 4093588 LINETEC SERVICES LLC PO BOX 13650 ALEXANDRIA LA 71315 CONSTRUCTION SERVICES 4088485 87 SALES OF ELECTRICITY 221000 754471112 754471112 SALES OF TRANS. & DIST 221000 23739821 23739821 EMISSION ALLOW. SALE 221000 15418780 15418780 5870689 5870689 799500402 6788255 6788255 10382 0 10382 10382 10382 667148 -667148 -667148 -667148 805631891 798833254 0 6798637 3199995 6122886 2927215 597413 4137800 192633 1098024 752064 5160664 462661 191529 361141 46812088 63431442 PURCHASED POWER EXPENSE 503164094 OP. & MAIN. EXPENSE 72159955 FUEL EXPENSE 59002403 1832564 771606571 129438166 187175498 87557242 110594780 1696945 1462015 23837666 24839974 226086286 237511896 1833737554 716286365 1069730965 1117451189 21698536 22951326 2093948 2156206 1562139754 1704142884 207782843 222381319 178026795 226480163 25750000 23750000 846017651 895316078 1759537 1912406 1259336826 1369839966 X 0 0 30000000 34000000 272802928 300302918 302802928 334302918 1562139754 1704142884 X 34025320 -2525330 X 0 1 X 1 0 18000 0 18000 18000 1 INDIANA FORE 11805 N PENNSYLVANIA ST CARMEL IN 46032 351998087 18000 PART I-A, LINE 1: MADE A PAYMENT TO IEC FOR A POLITICAL CONTRIBUTION TO INDIANA FORE (FRIENDS OF RURAL ELECTRIFICATION). 26005517 26005517 26652064 12648780 14003284 1684375826 694095522 990280304 96704147 9542063 87162084 1117451189 OPERATING LEASE LIABILITIES 1912406 1912406 X PART X, LINE 2: THE COMPANY HAS ADOPTED GUIDANCE GOVERNING UNCERTAIN INCOME TAX POSITIONS THAT SETS FORTH RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION. THE GUIDANCE DID NOT RESULT IN THE RECORDING OF ANY UNCERTAIN TAX POSITION LIABILITIES AS OF DECEMBER 31, 2024 AND 2023. TAX YEARS 2021 THROUGH 2024 REMAIN OPEN AND COULD BE SUBJECT TO AUDIT BY THE IRS. X X X X X 0 1 0 JEFF CONRAD PRESIDENT AND CEO 726685 0 0 0 51106 0 83983 0 30280 0 892054 0 0 0 THERESA YOUNG COO 304165 0 1417 0 42650 0 6845 0 27801 0 382878 0 0 0 MATTHEW MOORE EXEC. VP, POWER SUPPLY 323085 0 8694 0 8694 0 6479 0 34160 0 381112 0 0 0 CURTIS TAYLOR EXEC. VP, TECHNOLOGY SERVICES 244382 0 8694 0 53624 0 6003 0 28254 0 340957 0 0 0 JEFF HUME VP, STRAT. ELEC. & MEM. RELATIONS 282051 0 8694 0 14832 0 5511 0 28101 0 339189 0 0 0 RICHARD MULLEN DIRECTOR, FIELD OPERATIONS 200967 0 1645 0 15743 0 4191 0 31678 0 254224 0 0 0 SPENCER HOUSE DIRECTOR OF SYSTEM OPERATIONS 196249 0 1393 0 2600 0 4111 0 36126 0 240479 0 0 0 VICKI GARDNER VP, MARKETING, COMM., & ADVOCACY 182695 0 8694 0 10129 0 3976 0 33848 0 239342 0 0 0 ALBERT TAYLOR VP, GENERATION 212816 0 1399 0 5409 0 4275 0 13889 0 237788 0 0 0 JOAN SOLLER DIRECTOR, RISK MGMT. & REG. AFFAIRS 184029 0 1393 0 2621 0 3893 0 30542 0 222478 0 0 0 CHRIS DANIELS EXEC. DIRECTOR OF ENGINEERING 182716 0 1381 0 536 0 3828 0 33568 0 222029 0 0 0 NISHA HARKE SR. MGR., FINANCE & LENDER RELATIONS 169830 0 1608 0 2265 0 3530 0 34708 0 211941 0 0 0 PART I, LINE 4B ELIGIBLE EMPLOYEES PARTICIPATE IN A NONQUALIFIED DEFERRED COMPENSATION PLAN ORGANIZED UNDER CODE SECTION 457(F). ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EMPLOYEE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO SUPPLEMENTAL NONQUALIFIED PLAN PAYMENTS WERE MADE DURING THE YEAR TO ANY LISTED PERSONS IN PART VII. A INDIANA FINANCE AUTHORITY 351602316 000000000 2010-12-17 40000000 CAPITAL IMPROVEMENT IN VIGO COUNTY INDIANA 0 0 0 A 16250000 40000000 300000 39700000 2011 0 0 1 1 A 0 1 0 0 1 0 0 A 0 0 1 0 1 0 0 0 0 A 0 PART III, LINE 4 AND LINE 7: ALL OF THE PROCEEDS OF THE BONDS WERE USED FOR PRIVATE ACTIVITY PURPOSES. THESE BONDS ARE MIDWESTERN DISASTER AREA BONDS, WHICH ARE EXEMPT FACILITY BONDS UNDER IRC 142 AS PROVIDED BY SECTION 702 OF THE HEARTLAND DISASTER TAX RELIEF ACT OF 2008. SUCH BONDS, WHILE EXPECTED TO HAVE 100% PRIVATE BUSINESS USE AND TO MEET THE PRIVATE SECURITY OR PAYMENT TEST, ARE QUALIFIED BY STATUTE. PART IV, LINE 7: THE ASSOCIATION HAS NOT ESTABLISHED WRITTEN PROCEDURES WITH RESPECT TO ARBITRAGE MATTERS, BECAUSE (A) THIS IS THE ASSOCIATION'S ONLY ISSUE OF TAX-EXEMPT BONDS, AND (B) WE HAVE DETERMINED ALONG WITH BOND COUNSEL THAT THIS ISSUE QUALIFIES FOR THE SIX-MONTH SPENDING EXCEPTION TO REBATE. FORM 990, PART VI, SECTION A, LINE 6 WABASH VALLEY POWER ASSOCIATION, INC. IS AN ELECTRIC GENERATION AND TRANSMISSION COMPANY THAT HAD 23 DISTRIBUTION COOPERATIVE MEMBERS AS OF DECEMBER 31, 2024. FORM 990, PART VI, SECTION A, LINE 7A WABASH VALLEY POWER ASSOCIATION, INC. HAS A BOARD CONSISTING OF 23 DIRECTORS, ONE REPRESENTATIVE ELECTED FROM EACH MEMBER DISTRIBUTION COOPERATIVE. THE BOARD IS RESPONSIBLE FOR SELECTING THE PRESIDENT AND CEO, LEGAL COUNSEL AND THE EXECUTIVE BOARD WHICH INCLUDES A CHAIRMAN, VICE-CHAIRMAN, 2ND VICE CHAIRMAN, SECRETARY-TREASURER AND TWO EXECUTIVE COMMITTEEMEN. FORM 990, PART VI, SECTION A, LINE 7B ALL BUSINESS AFFAIRS OF THE CORPORATION ARE GOVERNED BY THE BOARD OF DIRECTORS, WHICH EXERCISES ALL THE POWERS OF THE CORPORATION WITH THE PROVISIONS OF THE CORPORATE BY-LAWS, ARTICLES OF INCORPORATION AND CORPORATE POLICIES. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS ELECTS THREE DIRECTORS, ALONG WITH THE SECRETARY-TREASURER AND AN INDEPENDENT MEMBER TO SERVE AS THE AUDIT COMMITTEE WHOSE PRIMARY FUNCTION IS TO ASSIST THE BOARD IN FINANCIAL OVERSIGHT RESPONSIBILITIES. THE FORM 990 RETURN IS REVIEWED BY THE AUDIT COMMITTEE PRIOR TO FILING AND MADE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12B: THE BOARD OF WABASH VALLEY POWER ASSOCIATION, INC. HAS ADOPTED A POLICY ON DIRECTOR DUTIES, ETHICS AND STANDARDS OF CONDUCT WHICH REQUIRES DIRECTORS TO AVOID ACTIVITIES, PRACTICES OR ACTS THAT CREATE A CONFLICT OF INTEREST. ADDITIONALLY, EACH MEMBER OF THE BOARD AND KEY MANAGEMENT EMPLOYEES MUST ANNUALLY DISCLOSE ANY INTER-LOCKING DIRECTORSHIPS AS REQUIRED BY FEDERAL ENERGY REGULATORY COMMISSION REGULATIONS. FORM 990, PART VI, SECTION B, LINE 12C: WABASH VALLEY POWER ASSOCIATION, INC. HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT IS APPLICABLE TO ALL EMPLOYEES. THIS POLICY IS COMMUNICATED IN THE EMPLOYEE HANDBOOK ALONG WITH AN EXPLANATION OF THE PROCEDURE FOR CLARIFICATION OF POTENTIAL SITUATIONS THAT COULD LEAD TO CONFLICT. ON AN ANNUAL BASIS, EACH EMPLOYEE IS REQUIRED TO REVIEW AND SIGN THIS HANDBOOK. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S EXECUTIVE BOARD WORKED WITH AN INDEPENDENT CONSULTING FIRM TO ESTABLISH THE CEO'S COMPENSATION PHILOSOPHY AND SALARY GUIDELINES BASED ON COMPARABILITY DATA FROM SEVERAL DIFFERENT ENERGY INDUSTRY SOURCES. THE CEO REVIEW PROCESS INCLUDES ON-LINE PERFORMANCE SURVEYS THAT ARE COMPLETED BY THE FULL BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICERS OF EACH DISTRIBUTION COOPERATIVE. ALL FINAL PERFORMANCE STATISTICS AND COMPENSATION RECOMMENDATIONS ARE BROUGHT BEFORE THE FULL WABASH VALLEY BOARD OF DIRECTORS FOR FINAL DETERMINATION ON PERFORMANCE AND MERIT INCREASES. AN INDEPENDENT CONSULTING FIRM ALSO DEVELOPED A PERFORMANCE-BASED COMPENSATION SYSTEM FOR ALL WABASH VALLEY MANAGEMENT AND EMPLOYEES. THE ANNUAL REVIEW PROCESS INCLUDES SALARY TABLES AND GUIDELINES FOR EACH POSITION WITHIN THE ORGANIZATION BASED ON ENERGY INDUSTRY DATA. FORM 990, PART VI, SECTION C, LINE 19 WABASH VALLEY POWER ASSOCIATION, INC. PROVIDES ANY DOCUMENT OPEN TO PUBLIC INSPECTION UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS - WVEM 78,050. PATRONAGE CAPITAL RETIREMENT -2,500,000. EQUITY IN EARNINGS - ACES POWER MARKETING -103,370. ROUNDING -10. WABASH VALLEY ENERGY MARKETING INC 6702 INTECH BLVD INDIANAPOLIS IN 46278 203938637 POWER MARKETING IN WABASH VALLEY POWER ASSOCIATION INC C 1197189 7374924 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WABASH VALLEY ENERGY MARKETING INC A 109315 FMV