Nonprofit · EIN 46-0212565
H-D ELECTRIC COOPERATIVE INC
Tax-exempt · CLEAR LAKE, SD 57226
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $17,602,359 | $17,602,359 | $0 | $52,410,510 | $34,654,641 | $17,755,869 |
| December 31, 2024 | 990 | $15,320,505 | $15,320,505 | $0 | $50,313,314 | $33,800,580 | $16,512,734 |
| December 31, 2023 | 990 | $14,079,105 | $14,079,105 | $0 | $48,931,326 | $33,521,342 | $15,409,984 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,348,827
- Investment income
- $105,240
- Net gain from sales of assets
- $700
- Net income from sales of inventory
- $148,292
- Other revenue
- $148,292
Expenses
- Grants and similar amounts paid
- $1,500
- Benefits paid to members
- $1,669,958
- Compensation of officers, directors and key employees
- $855,378
- Other salaries and wages
- $121,221
- Salaries, compensation and benefits (total)
- $2,155,463
- Professional fundraising fees
- $0
- Legal fees
- $11,583
- Accounting fees
- $23,140
- Occupancy
- $1,841
- Travel
- $237,580
- Depreciation
- $1,589,403
Balance sheet and other
- Total assets, start of year
- $50,313,314
- Total assets, end of year
- $52,410,510
- Total liabilities, end of year
- $34,654,641
- Net assets, end of year
- $17,755,869
- Land, buildings and equipment
- $34,717,108
- Gross unrelated business income
- $27,265
- Gross receipts
- $18,379,057
- Employees
- 29
- Volunteers
- 0
- Year formed
- 1947
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW HOTZLER | GENERAL MANAGER Officer | 49 | $200,217 | $126,951 |
| TROY KWASNIEWSKI | OPERATIONS MANAGER Key employee | 40 | $159,926 | $110,122 |
| ANNETTE ABERLE | FINANCE ADMIN MANAGER Officer | 40 | $147,768 | $96,319 |
| TODD SPRANG | LINE FOREMAN Highest-paid employee | 40 | $106,145 | $91,836 |
| KEVIN HOLIDA | LEAD LINEMAN Highest-paid employee | 41 | $117,759 | $74,410 |
| THOMAS LUNDBERG | MEMBER SERVICE MANAGER Highest-paid employee | 42 | $115,215 | $72,076 |
| PATRICK KIRBY | OPERATIONS SUPPORT Highest-paid employee | 42 | $116,212 | $59,221 |
| ROGER CUTSHAW | ENGINEER Highest-paid employee | 40 | $114,419 | $34,280 |
| STEVEN HANSEN | DIRECTOR-TREASURER Trustee or director | 7 | $11,450 | $0 |
| CASPER NIEMAN | DIRECTOR Trustee or director | 6 | $11,000 | $0 |
| KEVIN DEBOER | DIRECTOR Trustee or director | 4 | $9,800 | $0 |
| CALVIN MUSCH | DIRECTOR Trustee or director | 5 | $9,650 | $0 |
| DALE WILLIAMS | DIRECTOR Trustee or director | 5 | $8,550 | $0 |
| TODD MORITZ | DIRECTOR-SECRETARY Trustee or director | 4 | $7,950 | $0 |
| BERT ROGNESS | DIRECTOR-PRESIDENT Trustee or director | 5 | $7,200 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY STROHFUS | DIRECTOR-VICE PRESIDENT Trustee or director | 3 | $6,050 |
| SHERWIN DEKAM | DIRECTOR-APRIL to DECEMBER Trustee or director | 2 | $4,350 |
| ROXANNE BASS | DIRECTOR-JANUARY to MARCH Trustee or director | 1 | $1,100 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW HOTZLER | GENERAL MANAGER Officer | 49 | $191,119 | $107,567 |
| TROY KWASNIEWSKI | OPERATIONS MANAGER Key employee | 40 | $155,110 | $91,024 |
| ANNETTE ABERLE | FINANCE ADMIN MANAGER Officer | 40 | $140,955 | $80,165 |
| TODD SPRANG | LINE FOREMAN Highest-paid employee | 41 | $110,031 | $78,294 |
| THOMAS LUNDBERG | MEMBER SERVICE MANAGER Highest-paid employee | 46 | $115,563 | $62,344 |
| KEVIN HOLIDA | LEAD LINEMAN Highest-paid employee | 41 | $112,539 | $63,212 |
| JOSEPH RAML | LEAD LINEMAN Highest-paid employee | 42 | $109,988 | $45,448 |
| ROGER CUTSHAW | ENGINEER Highest-paid employee | 40 | $108,199 | $26,517 |
| CASPER NIEMANN | DIRECTOR Trustee or director | 7 | $12,350 | $0 |
| CALVIN MUSCH | DIRECTOR Trustee or director | 6 | $11,700 | $0 |
| STEVE HANSEN | DIRECTOR-TREASURER Trustee or director | 6 | $11,550 | $0 |
| KEVIN DEBOER | DIRECTOR Trustee or director | 6 | $11,350 | $0 |
| TODD MORITZ | DIRECTOR Trustee or director | 5 | $9,900 | $0 |
| DALE WILLIAMS | DIRECTOR Trustee or director | 5 | $9,500 | $0 |
| TERRY STROHFUS | DIRECTOR-VICE PRESIDENT Trustee or director | 4 | $8,200 | $0 |
| ROXANNE BASS | DIRECTOR-SECRETARY Trustee or director | 4 | $7,350 | $0 |
| BERT ROGNESS | DIRECTOR-PRESIDENT Trustee or director | 4 | $6,700 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATTHEW HOTZLER | GENERAL MANAGER Officer | 46 | $181,994 | $84,944 |
| TROY KWASNIEWSKI | OPERATIONS MANAGER Highest-paid employee | 40 | $139,379 | $72,749 |
| ANNETTE ABERLE | FINANCE ADMIN MANAGER Officer | 40 | $121,948 | $63,179 |
| THOMAS LUNDBERG | MEMBER SERVICE MANAGER Highest-paid employee | 46 | $111,259 | $58,843 |
| KEVIN HOLIDA | LEAD LINEMAN Highest-paid employee | 43 | $109,655 | $57,469 |
| JOSEPH RAML | LEAD LINEMAN Highest-paid employee | 43 | $105,287 | $42,597 |
| ROGER CUTSHAW | ENGINEER Highest-paid employee | 40 | $101,871 | $23,493 |
| CASPER NIEMANN | DIRECTOR Trustee or director | 7 | $12,020 | $0 |
| KEVIN DEBOER | DIRECTOR Trustee or director | 5 | $9,370 | $0 |
| STEVEN HANSEN | DIRECTOR-TREASURER Trustee or director | 4 | $8,520 | $0 |
| DALE WILLIAMS | DIRECTOR Trustee or director | 5 | $7,745 | $0 |
| TODD MORITZ | DIRECTOR Trustee or director | 4 | $7,570 | $0 |
| ROXANNE BASS | DIRECTOR-SECRETARY Trustee or director | 3 | $5,820 | $0 |
| CALVIN MUSCH | DIRECTOR Mar-Dec 2023 Trustee or director | 3 | $5,360 | $0 |
| BERT ROGNESS | DIRECTOR-PRESIDENT Trustee or director | 3 | $5,270 | $0 |
| TERRY STROHFUS | DIRECTOR-VIDE PRESIDENT Trustee or director | 2 | $3,720 | $0 |
| LAURIE SEEFELDT | DIRECTOR Jan-Feb 2023 Trustee or director | 1 | $810 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1007, CLEAR LAKE, SD 57226-1007
- In care of
- % MATTHEW HOTZLER
- Principal officer (990 for 2025)
- MATTHEW HOTZLER, PO BOX 1007, CLEAR LAKE, SD 572261007
- Signed the 990
- ANNIE ABERLE, FINANCE & ADMINISTRATION MGR.
- Phone
- (605) 874-2171
- Website
- www.h-delectric.coop
Mission
COMMITTED TO SAFELY ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS EMPLOYEES AND COMMUNITIES.
Program accomplishments
- PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,975 MEMBERS. CONNECTED 58 NEW SERVICES. CONSTRUCTED RETIRED AND MAINTAINED OVERHEAD & UNDERGROUND ELECTRIC DISTRIBUTIONS LINES.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0212565
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1949
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $52,410,510
- Income (IRS master file)
- $18,379,057
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $17,602,359 | $17,602,359 | $52,410,510 | IRS |
| 990 | December 2024 | $15,320,505 | $15,320,505 | $50,313,314 | XML |
| 990 | December 2023 | $14,079,105 | $14,079,105 | $48,931,326 | XML |
| 990 | December 2022 | $13,935,647 | $13,935,647 | $45,699,973 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0212565).
Questions about H-D ELECTRIC COOPERATIVE INC
- What is the EIN of H-D ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of H-D ELECTRIC COOPERATIVE INC is 46-0212565.
- Is H-D ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1949.
- Are donations to H-D ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does H-D ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of H-D ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did H-D ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of H-D ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names MATTHEW HOTZLER.
- Who are the officers and directors of H-D ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 18 people; 18 received compensation from the organization, the highest $200,217 (MATTHEW HOTZLER, GENERAL MANAGER).
- How much revenue does H-D ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $17,602,359, expenses of $17,602,359 and total assets of $52,410,510 at year end.
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