Nonprofit · EIN 84-0271515
MORGAN COUNTY RURAL ELECTRIC ASSOCIATION
Tax-exempt · FORT MORGAN, CO 80701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $64,559,004 | $64,559,004 | $0 | $123,737,752 | $62,707,807 | $61,029,945 |
| December 31, 2024 | 990 | $57,383,448 | $57,383,448 | $0 | $110,380,377 | $54,068,500 | $56,311,877 |
| December 31, 2023 | 990 | $45,406,447 | $45,406,447 | $0 | $110,805,368 | $59,712,557 | $51,092,811 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $63,843,520
- Investment income
- $693,783
- Net gain from sales of assets
- $346,124
- Net income from sales of inventory
- $21,701
- Other revenue
- $21,701
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $9,021,567
- Compensation of officers, directors and key employees
- $901,664
- Other salaries and wages
- $3,914,274
- Salaries, compensation and benefits (total)
- $5,376,995
- Professional fundraising fees
- $0
- Legal fees
- $19,071
- Accounting fees
- $15,900
- Depreciation
- $2,284,944
- Program services (functional)
- $64,559,004
Balance sheet and other
- Total assets, start of year
- $110,380,377
- Total assets, end of year
- $123,737,752
- Total liabilities, end of year
- $62,707,807
- Net assets, end of year
- $61,029,945
- Land, buildings and equipment
- $75,246,379
- Gross receipts
- $64,582,837
- Employees
- 47
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- CO
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 |
|---|---|---|---|---|
| David Frick | General Manager Officer | 45 | $287,554 | $109,064 |
| Robb Shaver | CFO Officer | 45 | $179,509 | $77,605 |
| Alan Mason | Manager of Operations Highest-paid employee | 45 | $164,345 | $73,778 |
| Rodney Rhoades | Lineman Highest-paid employee | 40 | $158,387 | $66,627 |
| Robert Baranowski | Manager of Engineering Highest-paid employee | 45 | $144,288 | $69,202 |
| Roger Wunsch | Lineman Highest-paid employee | 40 | $146,510 | $48,012 |
| Ryan Dunker | Lineman Highest-paid employee | 40 | $153,616 | $35,477 |
| Timothy A Peggram | Director Trustee or director | 5 | $38,061 | $0 |
| Terry Tormohlen | Director Trustee or director | 5 | $37,543 | $0 |
| J Brian Pabst | Director Trustee or director, Officer | 5 | $34,861 | $0 |
| David E Arndt | Director Trustee or director | 5 | $32,961 | $0 |
| Larry Hoozee | Director Trustee or director | 5 | $32,361 | $0 |
| Cary Wickstrom | Director Trustee or director | 5 | $18,549 | $0 |
| Terry Linker | Director Trustee or director, Officer | 5 | $18,332 | $0 |
| Jim Bostron | Director Trustee or director, Officer | 5 | $18,032 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kyle Eiring | Director Trustee or director, Officer | 5 | $17,232 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Frick | General Manager Officer | 45 | $243,434 | $98,606 |
| Steve Sundet | Manager of Engineering Highest-paid employee | 45 | $160,331 | $73,975 |
| Robb Shaver | Manager of Office Services Officer | 45 | $152,663 | $71,887 |
| Alan Mason | Manager of Operations Highest-paid employee | 45 | $142,690 | $68,204 |
| Rodney Rhoades | Lineman Highest-paid employee | 40 | $147,702 | $61,596 |
| Robert Baranowski | Manager of Member Services Highest-paid employee | 45 | $124,585 | $62,249 |
| Roger Wunsch | Lineman Highest-paid employee | 40 | $141,925 | $41,834 |
| David E Arndt | Director Trustee or director | 5 | $35,673 | $0 |
| Timothy A Peggram | Director Trustee or director | 5 | $35,473 | $0 |
| Terry Tormohlen | Director Trustee or director, Officer | 5 | $33,455 | $0 |
| J Brian Pabst | Director Trustee or director, Officer | 5 | $33,073 | $0 |
| Larry Hoozee | Director Trustee or director | 5 | $32,473 | $0 |
| Cary Wickstrom | Director Trustee or director, Officer | 5 | $21,422 | $0 |
| Jim Bostron | Director Trustee or director | 5 | $17,632 | $0 |
| Kyle Eiring | Director Trustee or director | 5 | $17,235 | $0 |
| Terry Linker | Director Trustee or director, Officer | 5 | $16,932 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Frick | General Manager Officer | 45 | $226,803 | $93,890 |
| Steve Sundet | Manager of Engineering Highest-paid employee | 45 | $154,471 | $69,522 |
| Robb Shaver | Manager of Office Services Officer | 45 | $143,485 | $67,047 |
| Rodney Rhoades | Lineman Highest-paid employee | 40 | $142,640 | $58,079 |
| Alan Mason | Manager of Operations Highest-paid employee | 45 | $133,366 | $60,862 |
| Robert Baranowski | Manager of Member Services Highest-paid employee | 45 | $114,290 | $57,896 |
| Brad Boppre | Lineman Highest-paid employee | 40 | $113,928 | $39,900 |
| David E Arndt | Director Trustee or director | 6 | $34,651 | $0 |
| Timothy A Peggram | Director Trustee or director | 5 | $34,651 | $0 |
| Terry Tormohlen | Director Trustee or director, Officer | 5 | $34,033 | $0 |
| Larry Hoozee | Director Trustee or director | 4 | $31,251 | $0 |
| Cary Wickstrom | Director Trustee or director, Officer | 5 | $31,151 | $0 |
| J Brian Pabst | Director Trustee or director, Officer | 5 | $31,151 | $0 |
| Randolph D Graff | Director Trustee or director | 3 | $25,424 | $0 |
| Jim Bostron | Director Trustee or director | 2 | $18,632 | $0 |
| Terry Linker | Director Trustee or director, Officer | 5 | $18,232 | $0 |
| Kyle Eiring | Director Trustee or director | 2 | $2,600 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 738, FORT MORGAN, CO 80701-0738
- In care of
- % DAVID P FRICK
- Principal officer (990 for 2025)
- David P Frick, PO BOX 738, FORT MORGAN, CO 807010738
- Signed the 990
- Robb Shaver, CFO
- Phone
- (970) 867-5688
- Website
- www.mcrea.org
Mission
Morgan County Rural Electric Association is a cooperative that provides distribution and sales of electric energy on a retail basis to the rural areas of six counties in Colorado.
Program accomplishments
- Provided electrical power to 9,778 meters and delivered and sold 562,956,109 kWh to our member-owners.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
- 84-0271515
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $123,737,752
- Income (IRS master file)
- $64,582,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $64,559,004 | $64,559,004 | $123,737,752 | IRS |
| 990 | December 2024 | $57,383,448 | $57,383,448 | $110,380,377 | IRS |
| 990 | December 2023 | $45,406,447 | $45,406,447 | $110,805,368 | XML |
| 990 | December 2022 | $44,792,828 | $44,792,828 | $110,605,529 | 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 84-0271515).
Questions about MORGAN COUNTY RURAL ELECTRIC ASSOCIATION
- What is the EIN of MORGAN COUNTY RURAL ELECTRIC ASSOCIATION?
- The employer identification number (EIN) of MORGAN COUNTY RURAL ELECTRIC ASSOCIATION is 84-0271515.
- Is MORGAN COUNTY RURAL ELECTRIC ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to MORGAN COUNTY RURAL ELECTRIC ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MORGAN COUNTY RURAL ELECTRIC 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 MORGAN COUNTY RURAL ELECTRIC ASSOCIATION 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 MORGAN COUNTY RURAL ELECTRIC ASSOCIATION 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 MORGAN COUNTY RURAL ELECTRIC ASSOCIATION?
- The 990 for the year ended December 31, 2025 names David P Frick.
- Who are the officers and directors of MORGAN COUNTY RURAL ELECTRIC ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $287,554 (David Frick, General Manager).
- How much revenue does MORGAN COUNTY RURAL ELECTRIC ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $64,559,004, expenses of $64,559,004 and total assets of $123,737,752 at year end.
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