2025-10-14T17:32:19-04:00 2024-12-31 481290482 LARSON PA PO BOX 1029 AFTON WY 83110 990 2024-01-01 840219342 GUNNISON COUNTY ELECTRIC ASSOCIATION % MICHAEL MCBRIDE GUNN 9706413520 37250 US HWY 50 GUNNISON CO 81230 MICHAEL MCBRIDE CEO 9706413520 2025-08-13 true true DAVID LARSON P00283073 3078854272 2025-10-14 2024 2025-03-06 01:10:19Z MICHAEL MCBRIDE 37250 US HWY 50 GUNNISON CO 81230 23300067 false X WWW.GCEA.COOP X 1938 CO OUR MISSION: SERVING MEMBERS BY PROVIDING SAFE, RELIABLE ENERGY WITH A STRONG COOPERATIVE TRADITION AND VISION FOR THE FUTURE. OUR VISION: COMMITTED TO BECOMING OUR COMMUNITYS MOST VALUED AND TRUSTED RESOURCE. 7 7 50 0 0 21067 21433 21322069 22408957 371598 1029522 19253 -159845 21733987 23300067 0 1302502 1061167 5759616 7022229 0 0 14637036 15308864 21699154 23392260 34833 -92193 52725252 54667427 22326855 23444907 30398397 31222520 OUR MISSION: SERVING MEMBERS BY PROVIDING SAFE, RELIABLE ENERGY WITH A STRONG COOPERATIVE TRADITION AND VISION FOR THE FUTURE. OUR VISION: COMMITTED TO BECOMING OUR COMMUNITYS MOST VALUED AND TRUSTED RESOURCE. false false DISTRIBUTION OF ELECTRICITY false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false true false false true false false false false false false false false true 30 0 true 50 true false false false false true true 23412202 681826 false false false X 7 7 false false false false true true true true true false false true true true true true true true true true true X MARK VAN DER VEER 9706413520 37250 US HWY 50 GUNNISON CO 81230 MICHAEL MCBRIDE CEO 44.27 0.00 X 314987 0 161318 JOHN STOEBER COO 43.70 0.00 X 203281 0 156085 MARK VAN DER VEER CFO 43.01 0.00 X 216922 0 67070 JEFF HANGGI WORKING FOREMAN 43.00 0.00 X 159977 0 69304 TODD FULLER LINE SUPERINTENDENT 40.21 0.00 X 148078 0 69290 MATT FEIER STRATEGY EXECUTION SPECIALIST 40.18 0.00 X 146000 0 56506 DUSTIN CADWELL WORKING FOREMAN 42.67 0.00 X 150039 0 40483 SHANE MCGUINNESS SYSTEM ADMINISTRATOR 40.94 0.00 X 146767 0 34975 MICHELLE LEHMANN PRESIDENT 6.81 0.00 X X 20650 0 0 THOMAS CARL DIRECTOR 8.32 0.00 X 19375 0 0 DARCIE PERKINS ASST SEC-TREASJAN-JULSEC-TREAS 6.71 0.00 X X 17750 0 0 POLLY OBEROSLER DIRECTOR 4.64 0.00 X 16400 0 0 MORGAN WEINBERG SECR-TREAS JAN-JUNEVICE PRES 5.20 0.00 X X 16025 0 0 GREG WIGGINS VICE PRESIDENTJAN-JUNEDIRECTOR 3.03 0.00 X X 12200 0 0 FRANK STERN ASST SECRETARYTREASURERJULY-DEC 5.88 0.00 X X 11275 0 0 MARK DAILY DIRECTOR JAN-JUNE 4.79 0.00 X 6100 0 0 1605826 0 655031 26 false true false COR LEGAL LLC 125 W VIRGINIA UNIT 144 GUNNISON CO 81230 LEGAL 108000 1 21433 21433 SALES OF ELECTRICITY 221000 22262906 22262906 OTHER OPERATING 221000 146051 146051 22408957 1005325 810684 194641 20566 20566 20566 20566 24197 24197 24197 24197 0 MISCELLANEOUS 221000 -180411 -180411 -180411 23300067 23083993 0 194641 1061167 1239438 3934457 582382 923007 342945 123070 48352 299527 120236 243298 240738 320344 122273 89543 684286 1735031 11497 COST OF PURCHASED POWER 10411896 10411896 TRANSPORTATION EXPENSES 460327 460327 DUES AND FEES 261912 261912 DISTR SUPPLIES & MISC EQUIP 105024 105024 31510 23392260 0 0 0 999113 957465 734758 386370 3010078 3278524 225000 792500 1957951 1965675 1311411 1209287 58431168 29131495 28460361 29299673 15601335 16322340 425245 455593 52725252 54667427 2914674 3285829 14997149 16057017 4415032 4102061 22326855 23444907 X 23966086 24350022 6432311 6872498 30398397 31222520 52725252 54667427 X -92193 916316 X false true X true false 1047591 1047591 5611145 2342724 3268421 6270884 4284437 1986447 45501548 22504334 22997214 29299673 INVESTMENTS IN ASSOC ORGANIZATION 13838299 C OTHER INVESTMENTS 274041 C CFC TERM NOTES 2210000 C 16322340 CONSUMER DEPOSITS 689623 DEFERRED CREDITS 3412438 4102061 X 23696674 396607 396607 23300067 23300067 22179041 22179041 1213219 1213219 23392260 Part XI, Line 2d-Other revenue included on Sch D but not on 990 OTHER REVENUE IS DEFERRED REVENUE OF $334,000. DIFFENCE BETWEEN BOOK AND TAX OF $62,607. Part XII, Line 4b-Other expenses not included on Sch D but on 990 OTHER EXPENSES TOTALING $1,213,219. IS PATRONAGE CAPITAL TO BE ALLOCATED OF $1,061,167 AND ACTUARIAL CHANGE IN PENSION FOR OFFICERS THAT EXCEED ACTUAL COST BY $152,052. Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) THE ASSOCIATION IS A TAX-EXEMPT ORGANIZATION UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISIONS FOR INCOME TAX IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. HOWEVER, THE ASSOCIATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, IF ANY. THE ASSOCIATION HAD NO UNRELATED BUSINESS INCOME DURING 2024 AND 2023. THE ASSOCIATION HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX PROVISIONS THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ASSOCIATIONS TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY TAXING AUTHORITIES. WITH FEW EXCEPTIONS, THE TAX RETURN ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE RESPECTIVE FILING DEADLINES OF THOSE RETURNS. X true true X X false false false MICHAEL MCBRIDE CEO 300791 477 13719 119925 41393 476305 JOHN STOEBER COO 193868 8852 561 141568 14517 359366 JEFF HANGGI WORKING FOREMAN 141581 16860 1536 51514 17790 229281 SHANE MCGUINNESS SYSTEM ADMINISTRATOR 146041 503 223 17164 17811 181742 TODD FULLER LINE SUPERINTENDENT 146956 504 618 32657 36633 217368 MATT FEIER STRATEGY EXECUTION SPECIALIST 144875 507 618 19201 37305 202506 DUSTIN CADWELL WORKING FOREMAN 143065 6764 210 26474 14009 190522 MARK VAN DER VEER CFO 208684 5497 2741 27905 39165 283992 JACK PERKINS SON OF DIRECTOR DARCIE PERKINS 1000 SCHOLARSHIP EDUCATION M DAILYM WEINBERG TRI-STATE DIRECTOR 10383390 PURCHASE OF POWER false M DAILYM WEINBERG TRI-STATE DIRECTOR 150574 PATRONAGE CAPITAL PAID true THOMAS CARL WUESCO DIRECTOR 1055594 EQUIPMENT PURCHASED false THOMAS CARL WUESCO DIRECTOR 37274 PATRONAGE DIVIDENDS true Members or stockholder classes and rights Part VI line 6 GCEA IS A MEMBER OWNED COOPERATIVE. THE BOARD CONSISTS OF 7 DIRECTORS WHO ARE ELECTED BY THE MEMBERSHIP. Member election for additional members Part VI line 7a EACH DIRECTOR ELECTED TO THE BOARD REPRESENTS A DISTRICT OR AREA THAT THE COOPERATIVE SERVES, WITH 6 DISTRICTS BEING SPECIFIC AREAS AND ONE DISTRICT BEING AT LARGE OR ENCOMPASSING THE TOTAL SERVICE AREA. Governing body decisions Part VI line 7b EACH MEMBER OF THE ASSOCIATION SHALL BE ENTITLED TO VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS. THE NOMINATING, VOTING AND ELECTION PROCEDURES ARE DESCRIBED IN DETAIL IN THE ASSOCIATIONS BYLAWS WHICH CAN BE FOUND ON OUR WEBSITE AT WWW.GCEA. COOP. Form 990 governing body review Part VI line 11 THE CHIEF FINANCIAL OFFICER DISTRIBUTES COPIES OF THE FORM 990 TO EACH MEMBER OF THE BOARD FOR REVIEW. Conflict of interest policy compliance Part VI line 12c OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A FORM DISCLOSING ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. CEO executive director top management comp Part VI line 15a THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO INCLUDES PROVIDING THE BOARD WITH DATA FROM A WAGE SURVEY COMPLETED ON ALL COLORADO ELECTRIC COOPERATIVES BY AN INDEPENDENT COMPANY AS WELL AS ECONOMIC AND CONSUMER PRICE INDEX FACTORS. THE BOARD OF DIRECTORS REVIEWS THIS INFORMATION AND MAKES A DETERMINATION ON HOW MUCH THE COMPENSATION FOR THE CEO SHOULD BE. Other officer or key employee compensation Part VI line 15b THE PROCESS FOR DETERMINING COMPENSATION FOR THE CHIEF OPERATION OFFICER AND CHIEF FINANCIAL OFFICER INCLUDES PROVIDING THE CEO WITH THE DATA FROM A WAGE SURVEY ON ALL COLORADO ELECTRIC COOPERATIVES FROM AN INDEPENDENT COMPANY AS WELL AS ECONOMIC AND CONSUMER PRICE INDEX FACTORS. THE CEO REVIEWS THE INFORMATION AND MAKES A DETERMINATION ON SAID COMPENSATION. Governing documents etc available to public Part VI line 19 GCEA MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. A SUMMARY OF THE ASSOCIATIONS FINANCIAL STATMENENTS ARE MAILED TO EACH MEMBER IN THE ANNUAL REPORT. Explanation of other changes in net assets or fund balances Part XI line 9 OTHER CHANGES TOTAL $916,316. THE TOTAL COMES FROM OTHER EQUITY CHANGE OF $256,885, PATRON CAPITAL TO BE ALLOCATED OF $1,061,167, RETIREMENT OF PATRONAGE CAPITAL CREDIT OF $(951,937), OTHER ACTIVITY OF $1,542, DERERRED REVENUE OF $334,000, BOOK AND TAX DIFFERENCE ON TAYLOR RIVER HYDRO LLC OF $62,607, AND $152,052 IN ACTURIAL VALUE CHANGE IN PENSION FOR OFFICERS DIFFERENCE OVER ACTUAL COST.