2025-08-17T16:24:37-04:00 2024-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2024-01-01 830154975 Wheatland Rural Electric Association Inc % Jason Wright WHEA 3073222125 2154 South Street Wheatland WY 82201 JASON WRIGHT General Manager 3073222125 2025-08-11 false true GEORGE LYNCH P00187596 9138311150 2025-08-17 2024 2025-03-06 01:10:19Z Jason Wright 2154 South Street Wheatland WY 82201 20406636 false X www.wheatlandrea.com X 1936 WY See Schedule O 5 5 25 0 0 0 17411220 19980625 604981 404516 77937 21495 18094138 20406636 0 1335282 2806284 767313 619746 0 0 15991543 16980606 18094138 20406636 0 41243205 43168834 20074678 19922306 21168527 23246528 X See Schedule O false false Wheatland Rural Electric Association, Inc. is a member owned electric cooperative that provides 1,815 miles of line, as well as 4,291 different services to around 1,978 members. false false false false false false false false false true false true false true true false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 13 0 true 25 true false false false false false 19625342 987244 false false false X 5 5 false false false false true true true true true false false true true true true true true true true false X Rhonda Apodaca 3073222125 2154 South Street Wheatland WY 82201 Jason Wright General Manager 40.00 0.00 X 190041 0 68896 Levi Eaton Operations Manager 40.00 0.00 X 114013 0 54455 Rhonda Apodaca Finance - Office Manager 40.00 0.00 X 125342 0 42687 Sandra Hranchak Director 1.00 0.00 X 9158 0 0 Amy Johnston Miller Director 1.00 0.00 X 4331 0 0 Doug Smialek Director 1.00 0.00 X 3773 0 0 Robert Brockman Director 1.00 0.00 X 3469 0 0 Jack Finnerty Director 1.00 0.00 X 3104 0 0 Jason Goertz Director 1.00 0.00 X 477 0 0 453708 0 166038 3 false true false Front Range Power Line Services PO Box 460 Glenrock WY 82637 Powerline Build 411305 1 Sale of Electricity 221000 18903544 18903544 Capital Credits 221000 960510 960510 Other Operating 221000 116571 116571 19980625 404516 404516 303 303 303 303 0 Non Operating 900099 21192 21192 21192 20406636 20001817 0 404819 X 2806284 451278 168468 890385 1074845 Cost of Power 12309685 12309685 Distribution Expense 1446869 1446869 Admin & General 1047931 1047931 Member Services 210891 210891 20406636 0 0 0 1892311 2752567 3685244 2741718 1553014 1578325 508205 519072 289511 345661 41507933 16714107 23631894 24793826 9683026 10437665 41243205 43168834 1159308 1398669 18935635 18191655 -20265 331982 20074678 19922306 X 915486 1014557 20253041 22231971 21168527 23246528 41243205 43168834 X 0 2078001 X X false false 117637 117637 1955787 535377 1420410 39434509 16178730 23255779 24793826 Investment in Associated Organizati 10165814 C Subordinated Certificates 271851 C 10437665 Consumer Deposits 45590 Post Retirement Benefit -477570 Capital Leases 186112 Deferred Credits 577850 331982 X Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) The Association has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Association. While the Association believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Association. The Association recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state and local tax examinations for years prior to 2021. X X false false false LEVI EATON Operations Manager 114013 11843 42612 168468 RHONDA APODACA Finance Office Manager 125342 13160 29527 168029 JASON WRIGHT General Manager 190041 20334 48562 258937 Members or stockholder classes and rights Part VI line 6 Wheatland Rural Electric Association, Inc. is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the Cooperatives bylaws. Member election for additional members Part VI line 7a All Board members are elected by the membership. Governing body decisions Part VI line 7b Changes to the bylaws are ratified by the membership. Form 990 governing body review Part VI line 11 The Form 990 is first reviewed and approved by upper management before it is filed; and, is made available upon request to the Board after it is filed. Conflict of interest policy compliance Part VI line 12c The organization monitors their conflict of interest policy through a review with the Board of Directors. CEO executive director top management comp Part VI line 15a The Board reviews manager comparability data when giving final approval on the General Manager salary. The Board looks at manager surveys of Wyoming Statewide Association and NRECA for comparison purposes prior to giving final approval on salaries. Other officer or key employee compensation Part VI line 15b The Board reviews manager comparability data when giving final approval on the Key Employees salaries. The Board looks at key employee surveys of Wyoming Statewide Association and NRECA for comparison purposes prior to giving final approval on salaries. Governing documents etc available to public Part VI line 19 Bylaws are offered to all new members; all other documents are available at anytime upon request. Explanation of other changes in net assets or fund balances Part XI line 9 Current Year Margins Assigned to Members $ 2,806,284 Other Changes $ - 17,414 Retirement of Capital Credits $ -710,869 Total $ 2,078,001 Part III response or note to any other line in Part III Part III, Line 1 - Organizations Mission Wheatland REA will give excellent service, provided by a well-trained professional and knowledgeable staff to all of our rate classes. We realized the necessity of attracting and retaining large power consumers to help contain the cost of power for all our consumers. To this end, Wheatland REA actively pursues new innovative ideas and practices to help large users streamline their operations and power usage, at the same time working to identify programs to help all rate classes. We will maintain our excellent record of service and reliability to all rate classes. Part IX response or note to any line in Part IX Form 990, Part IX, Line 4 The instructions to the 2024 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2024. Part XII Response or note to any line in Part XII Form 990, Part XII, Line 2b Wheatland Rual Electric Association, Inc.s financial statement year differs from its tax year-end. The Cooperative receives audited financial statements on an annual basis for the year-ended May 31.