2025-11-06T10:22:14-05:00 2024-12-31 475577310 MADDAD Accounting and Tax Services 7307 N Division St Ste 222 Spokane WA 99208 990 2024-01-01 830129756 Lower Valley Energy Inc % James R Webb LOWE 3078853175 PO Box 188 Afton WY 83110 JAMES R WEBB PresidentChief Executive Officer 3078853175 2025-11-06 false true MARK BURTON P03306227 3072480425 2025-11-06 2024 2025-03-06 01:10:19Z James R Webb PO Box 188 Afton WY 83110 80234390 false X www.lvenergy.com X 1936 WY The organization provides electricity and natural gas to rural members on a not-for-profit cooperative basis. 7 7 98 0 0 0 77003663 79570837 796197 567579 96196 95974 77896056 80234390 0 2451861 2187138 13108115 14206664 0 0 57552373 57516178 73112349 73909980 4783707 6324410 325927439 318743205 214881730 200194931 111045709 118548274 The organization provides electricity and natural gas to rural members on a not-for-profit cooperative basis. false false 73909980 80234390 During the year, the cooperative provided electricity and natural gas utility service to its members. 73909980 false false false false false false false false false true false false true true false true false false false false false false false false false false false false true false false false true false false false false false false false false false false true 31 0 98 true false false false false false 78202702 2031688 false false false X 7 7 false false false false true true true true true false false true true true true true true false false false X James R Webb 3078853175 PO Box 188 Afton WY 83110 James R Webb PresidentChief Executive Officer 50.00 0.00 X 440280 0 53886 Richard Knori Director of Engineering 50.00 0.00 X 274506 0 44631 Craig Coles Director of Gas Operations 50.00 0.00 X 190924 0 90820 Mallory Winters Electric Foreman 50.00 0.00 X 186984 0 87370 Jon Hougland Staff Assistant 50.00 0.00 X 196285 0 49303 Preston Conte Journeyman Lineman 50.00 0.00 X 167720 0 74986 Larry Bowlin Foreman 50.00 0.00 X 165727 0 50719 Anna Helm Finance Manager 50.00 0.00 X 123170 0 74986 Ray Elser SecretaryTreasurerDirector 10.00 0.00 X X 29775 0 0 Nancy Winters Director 5.00 0.00 X 24500 0 0 Max Moran Director 5.00 0.00 X 24350 0 0 Bob McLaurin Director 5.00 0.00 X 23900 0 0 Dan Dockstader ChairmanDirector 10.00 0.00 X X 21200 0 0 Fred Brog Director 5.00 0.00 X 21100 0 0 Ted Ladd Vice-ChairDirector 5.00 0.00 X X 18300 0 0 1908721 0 526701 50 false true false Mountainside Power LLC PO Box 638 Afton WY 83110 Construction 1418360 Western Wyoming Timber Services LLC 2886 St Hwy 241 Afton WY 83110 Trucking 185165 Iron Peak Excavation LLC 7707 S 1800 W Rexburg ID 83440 Construction 258190 Vista Tree Care LLC 1000 Crow Creek Rd Afton WY 83110 Construction 391094 Wilkes Excavation PO Box 1698 Afton WY 83110 Construction 1880174 6 Retail Sales of Energy 221000 74212227 74212227 Service Related Revenue 221000 221960 221960 Patronage Capital 221000 221173 221173 Rental Income 221000 3975853 3799346 176507 Other Non-Operating 221000 645309 645309 294315 294315 79570837 567579 567579 0 Gain on Disp of Propert 221000 95974 95974 95974 80234390 79490304 0 744086 2187138 1101033 8810723 1814279 1660938 819691 90342 48570 7262025 7483404 633536 Purchased Power & Gas 36330798 36330798 Transmission O&M 4181600 4181600 Distribution O&M 1981822 1981822 Administrative & General 2339919 2339919 -2835838 73909980 0 0 0 X 2436454 2467984 594217 580957 7911570 9697056 984370 1083649 10973343 13945793 69457694 56650419 287231210 144668427 140018612 142562783 8968290 9107635 84582889 82646929 325927439 318743205 7437382 5905449 184463433 170048016 22980915 24241466 214881730 200194931 X 111045709 118548274 111045709 118548274 325927439 318743205 X 6324410 1178155 X false true X true false 287231210 144668427 142562783 142562783 Unbilled Sales 4572007 Other Current Assets 304958 Net Inv-Sales Type Lease - Curr 1087506 Net Inv-Sales Type Lease - Non-Cur 76682458 82646929 Member Deposits 1082966 Other Current Liabilities 4766229 Member Prepaid Accounts 466180 Horse Butte Payment 1543272 Reserve for Uncollectible Cons Loan 50000 Hooper Springs Gain on Lease 4322835 Hooper Springs Operation Obligation 2540000 Hooper Springs Admin Obligation 2095000 Revolving Loan Funds 549082 Other Deferred Credits 6825902 24241466 80234390 80234390 80234390 71722843 71722843 2187137 2187137 73909980 Part XII, Line 4b-Other expenses not included on Sch D but on 990 Discount on retirement of patronage $ 2,187,138Rounding (1) X true true X X false false false JAMES R WEBB PresidentChief Executive Officer 300979 135000 4301 27357 26529 494166 RICHARD KNORI Director of Engineering 199215 70000 5291 18354 26277 319137 JON HOUGLAND Staff Assistant 175675 17000 3610 35726 13577 245588 MALLORY WINTERS Electric Foreman 166893 16000 4091 61199 26171 274354 LARRY BOWLIN Foreman 158736 5000 1991 48849 1870 216446 CRAIG COLES Director of Gas Operations 167181 22000 1743 57868 32952 281744 ANNA HELM Finance Manager 109772 11000 2398 42357 32629 198156 PRESTON CONTE Journeyman Lineman 163111 2211 2398 42357 32629 242706 Dan Dockstader Director 7347 Advertising false Members or stockholder classes and rights Part VI line 6 The organization operates as a cooperative. All of its customers are members of the cooperative and receive patronage capital allocations. Member election for additional members Part VI line 7a Every member of the board is elected by the membership of the cooperative, which as stated above, constitutes the cooperatives customer base. Governing body decisions Part VI line 7b The board cannot sell a major portion of the assets of the cooperative without approval of 2/3 of the membership. Form 990 governing body review Part VI line 11 The completed Form 990 is made available for board members to review in an online portal. Board members may contact management with any review comments they have prior to filing the 990. Conflict of interest policy compliance Part VI line 12c The policy is reviewed annually with officers, directors and key employees. They are required to disclose potential conflicts of interest annually and excuse themselves from discussions and decisions where the potential for a conflict arises. They are also required to disclose new conflicts that arise during the year. CEO executive director top management comp Part VI line 15a The organization uses the NRECA Wage Study to establish compensation ranges for all employees. Other officer or key employee compensation Part VI line 15b The cooperative periodically seeks the input of an independent consultant in setting wages and salaries of all employees; but this is not done every year. An independent consultant was not hired in 2024 to review the President/CEO compensation. Each year the cooperative does rely on compensation data gathered by the NRECA in setting wages and salary levels of all employees. The results are presented to the board for review and approval. The study and action are documented. Governing documents etc available to public Part VI line 19 Bylaws are available on the Cooperatives website. New members are directed to the website at the time they sign up for service. They can also be requested by phone, email, or in the office. Financial statements are mailed annually to all members. They can also be requested by phone, email, or in the office. The conflict of interest policy (along with all policies) is available upon request as well. Explanation of other changes in net assets or fund balances Part XI line 9 Discounts on early retirements: $1,178,155 Balance Sheet Part X Lines 9 and 23 - IN 2013, the cooperative borrowed $153,210,462 to prepay a portion of its power bill to the Bonneville Power Administration. By prepaying, the cooperative will receive a discount on its future power bills. This transaction resulted in a significant increase in the balance of prepaid expenses and long-term debt. The overall transaction will benefit the members through lower power costs. General explanation attachment The cooperative is a 50% owner of Swift Creek Hydro Electric Company, LLC (EIN 61-1686955). Swift Creek Hydro Electric provided the cooperative a final K-1 without any revenues, expenses, or balance sheet items as Swift Creek Hydro Electric Company was closed on January 1, 2024. Any share of residual earnings or expenses, if any, after closing have been recorded as revenues or expenses of the cooperative.