2026-09-24T08:52:47-06:00 2025-12-31 475577310 MADDAD Accounting and Tax Services 7307 N Division St Ste 222 Spokane WA 99208 990 2025-01-01 840219342 GUNNISON COUNTY ELECTRIC ASSOCIATION % MICHAEL MCBRIDE GUNN 9706413520 37250 US HWY 50 GUNNISON CO 81230 MICHAEL MCBRIDE CEO 9706413520 2026-09-21 false MARK BURTON P03306227 3072480425 2026-09-24 2025 MICHAEL MCBRIDE 37250 US HWY 50 GUNNISON CO 81230 24321816 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 51 0 0 21433 21434 22408957 23510221 1029522 655206 -159845 134955 23300067 24321816 0 1061167 1080964 7022229 7246123 0 0 15308864 15815064 23392260 24142151 -92193 179665 54667427 60783648 23444907 29157945 31222520 31625703 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 38 0 true 51 true false false false false true true 24967297 570875 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 X MICHAEL MCBRIDE CEO 45.73 0.00 X 345039 0 184580 JOHN STOEBER COO 44.42 0.00 X 212946 0 204052 MARK VAN DER VEER CFO 42.57 0.00 X 230102 0 88993 JEFF HANGGI WORKING FOREMAN 45.42 0.00 X 180622 0 87061 JOE GORNIK ENGINEERING MANAGER 43.76 0.00 X 205537 0 36721 LOGAN RHODES WORKING FOREMAN 43.24 0.00 X 156014 0 57874 DUSTIN CADWELL WORKING FOREMAN 42.38 0.00 X 156366 0 54572 SHANE MCGUINNESS SYSTEM ADMINISTRATOR 41.29 0.00 X 159930 0 37390 DARCIE PERKINS SECRETARYTREASURER JAN-DEC 6.78 0.00 X X 20353 0 0 THOMAS CARL DIRECTOR 10.26 0.00 X 20143 0 0 MORGAN WEINBERG VPJAN-JUNEPRESIDENTJUL-DEC 4.36 0.00 X X 16118 0 0 FRANK STERN ASST SECTREASJAN-JUNVPJUL-DEC 4.55 0.00 X X 14541 0 0 POLLY OBEROSLER DIRECTOR 4.64 0.00 X 14303 0 0 MICHELLE LEHMANN PRESJAN-JUNEASST SECTREASJUL-D 3.64 0.00 X X 14191 0 0 GREG WIGGINS DIRECTOR 3.37 0.00 X 13501 0 0 1759706 0 751243 29 false true false COR LEGAL LLC 125 W VIRGINIA UNIT 144 GUNNISON CO 81230 LEGAL 129600 JOE SCHULTHEIS EXCAVATION 203 S WISCONSIN ST Gunnison CO 81230 CONSTRUCTION 153925 2 21434 21434 SALES OF ELECTRICITY 221000 23357848 23357848 OTHER OPERATING 221000 152373 152373 23510221 650695 470766 179929 20587 20587 20587 20587 4511 4511 4511 4511 0 MISCELLANEOUS 221000 114368 114368 114368 24321816 24120453 0 179929 1080964 901237 4222233 766633 982400 373620 129824 16185 273356 68653 163360 239036 339114 98979 89356 925004 1738160 136377 COST OF PURCHASED POWER 10620377 10620377 TRANSPORTATION EXPENSES 503093 503093 DUES AND FEES 286464 286464 DISTR SUPPLIES & MISC EQUIP 178170 178170 9556 24142151 0 0 0 957465 1809725 386370 287668 3278524 3090073 792500 943749 1965675 2144718 1209287 1482256 65588292 30606305 29299673 34981987 2069133 16322340 13583121 455593 391218 54667427 60783648 3285829 3463708 2400000 16057017 21375683 4102061 1918554 23444907 29157945 X 24350022 24520669 6872498 7105034 31222520 31625703 54667427 60783648 X 179665 223518 X false true X true false 1047591 1047591 5611145 2500668 3110477 8014448 5672783 2341665 50915108 22432854 28482254 34981987 INVESTMENTS IN ASSOC ORGANIZATION 13583121 C 13583121 CONSUMER DEPOSITS 726023 OTHER DEFERRED CREDITS 1192531 1918554 X 24181239 24181239 140577 140577 24321816 23061187 23061187 1080964 1080964 24142151 Part XI, Line 4b-Other revenue not included on Sch D but on 990 REVENUE DEFERRED TO FUTURE PERIODS $ 140,577 Part XII, Line 4b-Other expenses not included on Sch D but on 990 ALLOCATED PATRONAGE CAPITAL $ 1,080,964 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) THE ASSOCIATION HAD NO UNRELATED BUSINESS INCOME DURING 2025 AND 2024. THE ASSOCIATION HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. X true true X X false false false MICHAEL MCBRIDE CEO 330536 420 14083 151333 33247 529619 JOHN STOEBER COO 207091 4917 938 184898 19154 416998 JEFF HANGGI WORKING FOREMAN 160724 18219 1679 68988 18073 267683 SHANE MCGUINNESS SYSTEM ADMINISTRATOR 158199 1459 272 22388 15002 197320 JOE GORNIK ENGINEERING MANAGER 186025 4117 15395 12848 23873 242258 LOGAN RHODES WORKING FOREMAN 142459 13375 180 18492 39382 213888 DUSTIN CADWELL WORKING FOREMAN 148024 8113 229 36732 17840 210938 MARK VAN DER VEER CFO 223117 4023 2962 50402 38591 319095 EBBETT WEINBERG SON OF DIRECTOR MORGAN WEINBERG 1000 SCHOLARSHIP EDUCATION JACK PERKINS SON OF DIRECTOR DARCIE PERKINS 1000 SCHOLARSHIP EDUCATION MEGAN VANDERVEER CHILD OF CFO MARK VANDERVEER 500 SCHOLARSHIP EDUCATION MORGAN WEINBERG TRISTATE DIRECTOR 10620377 PURCHASE OF POWER false THOMAS CARL WUESCO DIRECTOR 2098884 EQUIPMENT PURCHASED false THOMAS CARL WUESCO DIRECTOR 88811 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 ALLOCATED PATRONAGE CAPITAL $ 1,080,964 RETIREMENT OF CAPITAL CREDITS (826,939) REVENUE DEFERRED (140,577) CHANGE IN SCHOLARSHIP FUNDS 42,903 UNCLAIMED CAPITAL CREDITS 1,048 GAIN ON EARLY RETIREMENTS 66,119 TOTAL 223,518 Part VII response or note to any other line in Part VII FORM 990, PART VII, SECTION A, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (C)-DEFINED BENEFIT PENSION: AMOUNTS REPORTED AS OTHER COMPENSATION/RETIREMENT AND OTHER DEFERRED COMPENSATION INCLUDE THE ESTIMATED ANNUAL INCREASE OR DECREASE IN THE ACTUARIAL PRESENT VALUE OF ACCRUED BENEFITS UNDER THE COOPERATIVES NRECA-SPONSORED DEFINED BENEFIT RETIREMENT PLAN. THESE AMOUNTS ARE NONCASH ESTIMATES DETERMINED UNDER APPLICABLE PLAN ACTUARIAL ASSUMPTIONS AND DO NOT REPRESENT CASH PAYMENTS MADE TO THE LISTED INDIVIDUALS DURING THE YEAR. EMPLOYER CONTRIBUTIONS TO THE PENSION PLAN ARE MADE AT THE COOPERATIVE LEVEL AND MAY DIFFER FROM THE INDIVIDUAL ACTUARIAL AMOUNTS REPORTED.