Nonprofit · EIN 47-0348046
PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION
Tax-exempt · ALLIANCE, NE 69301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,412,349 | $15,766,919 | $3,645,430 | $43,154,598 | $19,759,431 | $23,395,167 |
| December 31, 2023 | 990 | $15,144,678 | $14,535,395 | $609,283 | $42,352,486 | $22,724,806 | $19,627,680 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $18,681,772
- Investment income
- $710,330
- Net gain from sales of assets
- $8,150
- Other revenue
- $20,247
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $326,361
- Compensation of officers, directors and key employees
- $228,251
- Other salaries and wages
- $1,827,707
- Salaries, compensation and benefits (total)
- $3,193,754
- Professional fundraising fees
- $0
- Legal fees
- $17,418
- Accounting fees
- $7,500
- Occupancy
- $252,400
- Depreciation
- $1,108,549
Balance sheet and other
- Total assets, start of year
- $42,352,486
- Total assets, end of year
- $43,154,598
- Total liabilities, end of year
- $19,759,431
- Net assets, end of year
- $23,395,167
- Land, buildings and equipment
- $30,279,355
- Gross receipts
- $19,412,349
- Employees
- 28
- Year formed
- 1945
- State of legal domicile
- NE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Zac Bryant | General Manager Officer | 40 | $158,581 | $31,686 |
| Boone Manion | Operations Manager Highest-paid employee | 40 | $118,855 | $65,712 |
| Doug Hickox | Alliance Foreman Highest-paid employee | 48 | $123,258 | $57,967 |
| Anthony Burton | Hyannis Foreman Highest-paid employee | 46 | $118,584 | $52,050 |
| Tyler Trout | Lineman Highest-paid employee | 49 | $108,159 | $46,330 |
| Dale Knapp | Staking Engineer Highest-paid employee | 40 | $120,770 | $27,159 |
| RD Sutphen | President Trustee or director, Officer | 1 | $9,800 | $1,080 |
| Bryan Monahan | Secretary - Treasurer Trustee or director, Officer | 1 | $6,300 | $2,442 |
| Wayne Crawford | Director Trustee or director | 1 | $3,500 | $268 |
| Marty Larsen | Director Trustee or director | 1 | $2,800 | $965 |
| Michael Collins | Director Trustee or director | 1 | $3,500 | $161 |
| Phil Zochol | Vice President Trustee or director, Officer | 1 | $3,150 | $181 |
| Chris Cullan | Director Trustee or director | 1 | $2,450 | $169 |
| Dale Berndt | Director Former | 1 | $1,050 | $169 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Zac Bryant | General Manager Officer | 40 | $148,421 | $12,800 |
| Dale Knapp | Staking Engineer | 40 | $107,339 | $25,587 |
| Boone Manion | Ops Manager | 40 | $101,932 | $27,034 |
| Bryan Monahan | Sec-Treasurer Trustee or director, Officer | 1 | $12,244 | $46 |
| RD Sutphen | President Trustee or director, Officer | 1 | $10,764 | $46 |
| Dale Berndt | Director Trustee or director | 1 | $8,060 | $46 |
| Martin Larsen | Director Trustee or director | 1 | $5,117 | $46 |
| Phil Zochol | Vice President Trustee or director, Officer | 1 | $4,435 | $46 |
| Wayne Crawford | Director Trustee or director | 1 | $4,414 | $46 |
| Michael Collins | Director Trustee or director | 1 | $3,997 | $46 |
Address and contacts
- Address (IRS master file)
- PO BOX 677, ALLIANCE, NE 69301-0677
- In care of
- % ZAC BRYANT
- Principal officer (990 for 2024)
- Zac Bryant, PO Box 677, Alliance, NE 69301
- Signed the 990
- ZAC BRYANT, General Manager
- Phone
- (308) 762-1311
- Website
- www.prema.coop
- Return prepared by
- MADDAD Accounting and Tax Services
Mission
To provide safe, reliable, efficient, and reasonably priced electricity and services to its members to improve the quality of their lives
Program accomplishments
- Provided electric utility service to its members.
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 | Not 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
- 47-0348046
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $43,154,598
- Income (IRS master file)
- $19,412,349
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,412,349 | $15,766,919 | $43,154,598 | XML |
| 990 | December 2023 | $15,144,678 | $14,535,395 | $42,352,486 | XML |
| 990 | December 2022 | $15,889,292 | $15,779,014 | $42,450,631 | 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 47-0348046).
Questions about PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION
- What is the EIN of PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION?
- The employer identification number (EIN) of PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION is 47-0348046.
- Is PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1957.
- Are donations to PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION 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 PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION?
- The 990 for the year ended December 31, 2024 names Zac Bryant.
- Who are the officers and directors of PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $158,581 (Zac Bryant, General Manager).
- How much revenue does PANHANDLE RURAL ELECTRIC MEMBERSHIP ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,412,349, expenses of $15,766,919 and total assets of $43,154,598 at year end.
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