2025-10-06T12:41:27+00:00 2024-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2024-01-01 840185658 Delta Montrose Electric Association DELT 8776873632 11925 6300 ROAD MONTROSE CO 81401 JACK JOHNSTONJR CEO 2025-10-06 true true Amber Sherrill P00748683 5013721040 2025-10-06 2024 2025-03-06 01:10:19Z JACK JOHNSTON JR 11925 6300 ROAD MONTROSE CO 81401 105749684 false X WWW.DMEA.COM X 1938 CO WE POWER AND UNITE COMMUNITIES 9 9 152 0 833523 0 0 0 73014004 76669737 1614425 1363697 4352175 546912 78980604 78580346 200446 200163 6867065 6319057 11426084 12914083 0 0 64073100 58531286 82566695 77964589 -3586091 615757 260962911 270648519 201064298 201025437 59898613 69623082 WE POWER AND UNITE COMMUNITIES. false false SALE OF ELECTRICITY POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL, WITH 37,070 ACTIVE SERVICES AT YEAR END. 0 false false false false false false false false true false true false false false true false false true false false false false false false false false false true false true false false false false false false false false false false false false false false false true true true false false true 96 0 true 152 true true true false false false false 75714051 10311990 false false false X 9 9 false false false false true true true true false false false false true true true true true true true true false false X X BOB FARMER CFO 8776873632 11925 6300 ROAD MONTROSE CO 81401 Jacob Gray Assistant Secretary/Treasurer 3.3 0.8 X X 14710 5655 0 John Fleming VIce President 2.9 0.7 X X 13400 5515 0 Kevin Williams Secretary/Treasurer 7.7 0.8 X X 13980 5515 0 Stacia Cannon President 8.8 1.8 X X 18625 5725 0 Damon Lockhart Director 7.5 1.2 X 20035 5865 0 Emily Sanchez Director 2.5 0.2 X 12555 5390 0 Enno Heuscher Director 3.1 0.5 X 14775 5670 0 Ryan Sedgeley Director (JUN-DEC) 4.8 0.7 X 6975 3115 0 Steve Metheny Director 6.0 1.0 X 17510 5765 0 William Patterson Director (JAN-MAY) 5.5 2.6 X 7250 2400 0 Bob Farmer Chief Information Officer (JAN-APR) / Chief Financial Officer (NOV-DEC) 48.0 0.0 X 227611 0 57904 Gayle Gouker Chief Financial Officer (JAN-APR) / Senior Advisor to CFO (MAY-DEC) 45.0 0.0 X 185534 0 50712 Jack Johnston Chief Executive Officer 59.0 0.0 X 430751 0 82847 B Kent Blackwell Chief Technical Officer (JAN-AUG) / Chief Administrative Officer (SEP-DEC) 55.0 0.0 X 277158 0 49354 Cody Carver Chief Operating Officer 50.0 0.0 X 218886 0 71604 Jason Suckey Chief Information Officer 50.0 0.0 X 172142 0 52307 Mateusz Pena Chief Engineering and Energy Resource Officer 46.0 0.0 X 214903 0 53811 Isaac Chacon Line Foreman 49.0 0.0 X 186872 0 26653 Mark Kurtz Director of Broadband Operations 45.0 0.0 X 168505 0 48272 Nathan Puderbaugh Lineman Service Truck 47.0 0.0 X 173341 0 71693 Terrel Wells Line Foreman 47.0 0.0 X 177979 0 37312 Tim Brandon Line Foreman 47.0 0.0 X 174761 0 37312 2748258 50615 639781 63 false true false LIGHTWORKS FIBER & CONSULTING LLC PO BOX 193 HOTCHKISS CO 81419 FIBER CONSTRUCTION 11302035 MCCALL CONCRETE CONSTRUCTION 61758 FALCON RD MONTROSE CO 81401 CONSTRUCTION 196922 COHICK EXCAVATION LLC 20891 IRIS ROAD AUSTIN CO 81410 CONSTRUCTION 173899 HOLLAND & HART ATTORNEYS PO BOX 17283 DENVER CO 802170283 LEGAL 111975 4 0 0 0 0 0 0 0 0 SALE OF ELECTRICITY 623990 73774133 73774133 0 0 SERVICE FEES 623990 1773398 1773398 0 0 PATRONAGE DIVIDENDS 623990 1111724 1111724 0 0 ELECTRIC WHEELING 623990 10482 10482 0 0 0 0 0 0 0 0 0 76669737 1260910 0 794381 466529 0 0 0 0 0 0 0 0 4030618 375381 20810624 0 -16780006 375381 -16404625 0 -16845067 440442 0 6461501 0 6358714 0 102787 102787 0 0 102787 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GRANTS FOR FIBER SUB 900999 12989548 0 12989548 0 MANAGEMENT FEES FROM DMEAUS 900999 3538636 0 3538636 0 DISPATCH SERVICES 900999 356025 0 356025 0 67328 0 0 67328 16951537 78580346 76669737 833523 1077086 200163 6319057 1170193 8475812 1050668 1482429 734981 312118 82959 84621 0 55483 1902844 5017530 6766247 PURCHASED POWER 38002583 ADMIN & GENERAL EXPENS 3141656 DISTRIBUTION EXPENSE 2648074 CONSUMER ACCOUNTS 46797 470374 77964589 10721023 5807865 1820666 1711081 0 0 11520806 11726555 0 0 0 0 13668562 18543741 5910601 6531516 586221 808199 337235071 122454465 193974489 214780606 0 0 3790000 2846320 3717534 0 0 16124223 7021422 260962911 270648519 15358847 15883071 0 0 15162948 26835350 0 0 853523 659664 0 0 137666647 136660149 0 0 32022333 20987203 201064298 201025437 0 0 0 0 X 0 0 0 0 59898613 69623082 59898613 69623082 260962911 270648519 X 615757 9108712 X false true true true true false true X 0 6876256 6876256 0 12802659 2663435 10139224 0 0 0 0 0 299143117 119791030 179352087 0 18413039 0 18413039 214780606 Federal Income Taxes CONSUMER DEPOSITS 589750 DEFERRED CREDITS 19154118 DUE TO AFFILIATES 1211964 FAMLI PROGRAM 31371 20987203 86886814 24129543 24129543 62757271 15823075 15823075 78580346 73688305 2646350 2646350 71041955 6922634 6922634 77964589 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part IV, Line 2b Explanation of escrow agreement PURSUANT TO THE BYLAWS OF THE COOPERATIVE, A PATRON IS DEEMED TO HAVE CONTRIBUTED HIS/HER/ITS PATRONAGE CAPITAL RETIREMENT IF THE RESPECTIVE CHECK OR OTHER FORM OF PAYMENT HAS BEEN UNCLAIMED FOR A PERIOD OF THREE YEARS, AND FOR WHICH PROPER NOTIFICATION TO THE PATRON HAS BEEN MADE. SUCH UNCLAIMED PATRONAGE CAPITAL RETIREMENTS ARE USED TO ESTABLISH A FUND FOR EDUCATIONAL, CHARITABLE, ALTERNATIVE OR ENERGY PURPOSES AND FOR OTHER ACTIVITIES APPROVED BY THE BOARD OF DIRECTORS THAT WILL BENEFIT THE COOPERATIVE'S SERVICE TERRITORY. THE APPLICABLE BOARD POLICY PROVIDES SPECIFIC GUIDANCE REGARDING THE ELIGIBLE GRANTS AND SCHOLARSHIPS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 EQUITY IN EARNING OS SUBSIDIARY - 243834 TAX DEPRECIATION ON FIBER ASSETS - 20501786 PROVISION FOR INCOME TAXES - 3383923 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements MANAGEMENT FEES FROM DMEAUS - 3538636 UBI GRANT INCOME - 11680862 EXPENSE IN REVENUE PER AUDIT - 603577 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 BOOK DEPRECIATION ON FIBER ASSETS - 2646350 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements EXPENSE IN REVENUE PER AUDIT - 603577 PATRONAGE CAPITAL ALLOCATION - 6319057 true MONTROSE COMMUNITY FOUNDATION PO Box 3020 Montrose CO 814023020 841128761 501(c)3 57150 0 N/A N/A GENERAL SUPPORT MAGIC CIRCLE PLAYERS PO Box 1897 Montrose CO 81402 846037362 501(c)3 25000 0 N/A N/A GENERAL SUPPORT DELTA COUNTY SCHOOL DISTRICT #50 7655 2075 Rd Delta CO 81416 846002820 N/A 21750 0 N/A N/A GENERAL SUPPORT GRAND MESA NORDIC COUNCIL INC PO Box 4034 Grand Junction CO 81502 841138899 501(c)3 20000 0 N/A N/A GENRAL SUPPORT ENERGY OUTREACH COLORADO 303 E 17th Avenue Suite 405 Denver CO 80203 742543881 501(c)3 18365 0 N/A N/A GENERAL SUPPORT NORTH FORK AMBULANCE AUXILLARY 193 W Hotchkiss Ave hotchkiss CO 81419 840619123 501(c)3 7500 0 n/a n/a GENERAL SUPPORT MONTROSE COUNTY FAIR 001 N 2nd St MONTROSE CO 81401 N/A 10123 0 N/A N/A GENERAL SUPPORT DELTA COUNTY FAIR 403 Fair Grounds HOTCHKISS CO 81419 N/A 11366 0 N/A N/A GENERAL SUPPORT 5 3 Schedule I, Part II, Line 2 All grant funded costs are monitored by the Director of Broadband Operations and the Chief Administrative Officer. Construction contracts are agreed upon before construction begins. Once construction invoices are submitted, the Director of Broadband Operations and the Chief Administrative Officer review them for accuracy and to make sure the charges are in agreement with the contract. In the case of the Reconnect 2 grant and the Reconnect 3 grant, DMEA also has outside project managers for each grant who reviews each invoice and compares them to the construction contracts before the Director of Broadband Operations and the Chief Administrative Officer reviews them for payment. The material inventory costs are monitored through DMEA's purchasing agent and warehouse personnel. The purchasing agent secures inventory based on the needs of each grant zone, which is purchased into inventory. Each grant has an inventory pick list and the warehouse personnel charge the material to the appropriate grant work orders based on those pick lists. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds DMEA does not monitor the use of grant funds once awarded. X X X false false false Jack Johnston Chief Executive Officer 375280 0 50000 0 5471 0 43125 0 39722 0 513598 0 0 0 Bob Farmer Chief Information Officer (JAN-APR) / Chief Financial Officer (NOV-DEC) 226200 0 0 0 1411 0 28250 0 29654 0 285515 0 0 0 Gayle Gouker Chief Financial Officer (JAN-APR) / Senior Advisor to CFO (MAY-DEC) 151606 0 0 0 33928 0 20551 0 30161 0 236246 0 0 0 B Kent Blackwell Chief Technical Officer (JAN-AUG) / Chief Administrative Officer (SEP-DEC) 238233 0 28263 0 10662 0 29255 0 20099 0 326512 0 0 0 Cody Carver Chief Operating Officer 207000 0 0 0 11886 0 47426 0 24178 0 290490 0 0 0 Mateusz Pena Chief Engineering and Energy Resource Officer 214340 0 0 0 563 0 26500 0 27311 0 268714 0 0 0 Jason Suckey Chief Information Officer 169828 0 0 0 2314 0 21972 0 30335 0 224449 0 0 0 Nathan Puderbaugh Lineman Service Truck 167669 0 0 0 5672 0 51485 0 20208 0 245034 0 0 0 Mark Kurtz Director of Broadband Operations 133185 0 25835 0 9485 0 17576 0 30696 0 216777 0 0 0 Terrel Wells Line Foreman 177360 0 0 0 619 0 16944 0 20368 0 215291 0 0 0 Isaac Chacon Line Foreman 186619 0 0 0 253 0 6396 0 20257 0 213525 0 0 0 Tim Brandon Line Foreman 173626 0 0 0 1135 0 16944 0 20368 0 212073 0 0 0 Schedule J, Part II, Column (C) INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. Schedule J, Part II, Column (C) JACK JOHNSTON TOTAL REPORTED IN COLUMN C 43,125 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 43,125 Schedule J, Part II, Column (C) GAYLE GOUKER TOTAL REPORTED IN COLUMN C 20,551 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 20,551 Schedule J, Part II, Column (C) B. KENT BLACKWELL TOTAL REPORTED IN COLUMN C 29,255 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 29,255 Schedule J, Part II, Column (C) BOB FARMER TOTAL REPORTED IN COLUMN C 28,250 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 28,250 Schedule J, Part II, Column (C) MATEUSZ PENA TOTAL REPORTED IN COLUMN C 26,500 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 26,500 Schedule J, Part II, Column (C) CODY CARVER TOTAL REPORTED IN COLUMN C 47,426 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 47,426 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 36,992 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 36,992 Schedule J, Part II, Column (C) NATHAN PUDERBAUGH TOTAL REPORTED IN COLUMN C 51,485 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 51,485 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 23,892 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 23,892 Schedule J, Part II, Column (C) JASON SUCKEY TOTAL REPORTED IN COLUMN C 21,972 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 21,972 Schedule J, Part II, Column (C) MARK KURTZ TOTAL REPORTED IN COLUMN C 17,576 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 17,576 Form 990, Part VI, Line 6 Classes of members or stockholders SINGLE CLASS OF MEMBERS Form 990, Part VI, Line 7a Members or stockholders electing members of governing body MEMBERS HAVE ONE VOTE PER MEMBER TO ELECT THE BOARD OF DIRECTORS Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE FOLLOWING ACTS REQUIRE THE APPROVAL OF THE MEMBERS OF THE COOPERATIVE; DISSOLUTION OR LIQUIDATION OF THE COOPERATIVE; MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION; DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; AMENDEMENT TO THE ARTICLES OF INCORPRATION. Form 990, Part VI, Line 11b Review of form 990 by governing body THE TAX RETURNS WILL BE REVIEWED IN DETAIL BY THE CFO. A COPY OF THE RETURNS WILL BE PROVIDED TO THE BOARD AND A SUMMARY REVIEW WILL BE CONDUCTED AT A REGULAR BOARD MEETING. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD OF DIRECTORS CONDUCTS AN ANNUAL REVIEW OF THE CONFLICT OF INTEREST POLICY AND OBTAINS THE SIGNATURE OF EACH BOARD MEMBER ACKNOWLEDGING THE REVIEW OF THE POLICY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR CEOS FROM COOPERATIVES LOCATED IN COLORADO AND THE NATION. THE MANAGEMENT COMPENSATION PLAN IS APPROVED BY THE BOARD OF DIRECTORS. A REVIEW WAS CONDUCTED BY THE BOARD WHEN THEY EVALUATED THE CEO IN 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE ORGANIZATION USES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE ORGANIZATION'S OTHER OFFICERS. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT COLORADO AND THE NATION. THE REVIEW WAS LAST COMPLETED IN 2023 BY THE HUMAN RESOURCES MANAGER. Form 990, Part VI, Line 19 Required documents available to the public THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY TO ANY MEMBER MAKING SUCH A REQUEST, IN ACCORDANCE WITH BOARD POLICY. AUDITED AND INTERIM FINANCIAL STATEMENTS ARE AVAILABLE ON THE WEBSITE AND THE MEMBER PORTAL. Form 990, Part VIII, Line 6d POLE RENTAL INCOME EXCLUDED FROM UNRELATED BUSINESS INCOME = $375,381 Form 990, Part VIII, Line 11d Other Miscellaneous Revenue MISCELLANEOUS REVENUE - Total Revenue: 67328, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 67328; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Equity in Earnings of Subsidary - 243834; Book to Tax Depreciation Difference - 17855436; UBI Grant Income - -11680862; Patronage Capital Allocation - 6319057; Patronage Capital Retired - -3474040; MANAGEMENT FEES FROM DMEAUS - -3538636; INCOME TAX PROVISION - 3383923; Schedule J, Part II, Column (C) TERREL WELLS TOTAL REPORTED IN COLUMN C 16,944 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 16,944 Schedule J, Part II, Column (C) ISAAC CHACON TOTAL REPORTED IN COLUMN C 6,396 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 6,396 Schedule J, Part II, Column (C) TIM BRANDON TOTAL REPORTED IN COLUMN C 16,944 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 0 ADD: CASH CONTRIBUTED TO DEFINED BENEFIT PLAN 0 -------------------------------------------------------------------------------------------- EXPENSE TO THE COOPERATIVE 16,944 DMEA UTILITIES SERVICES LLC 11925 6300 ROAD SUITE 101 MONTROSE CO 814019998 841556992 BROADBAND CO DMEA C Corporation 14980143 23812691 1 true true false false true false false false false false false false false false true true false true false true DMEA UTILITIES SERVICES LLC A 4772363 FMV DMEA UTILITIES SERVICES LLC D 24249325 FMV DMEA UTILITIES SERVICES LLC O 3538636 FMV DMEA UTILITIES SERVICES LLC S 914024 FMV