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Whetstone Valley Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$11.5M (2023)

Expenses
$11.4M (2023)

Total Assets
$42.8M (2023)

Total Liabilities
$28.5M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,531,166
Expenses
$11,425,521
Net Income
$105,645
Net Assets
$14,339,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,442,111
99.2%
Investment Income $40,848
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $48,207
0.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $305,181
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,662,038
14.5%
Assets/Debt
Total Assets $42,802,909
Total Liabilities $28,463,591
Net Assets $14,339,318
Club or Co-Op Income
Income From Members $11,972,842
Income From Other Sources $608,077
Compensation
Key Employees and Officers Compensation Related Other
David Page (General Manager) $148,254 $0 $102,602
Mark Weber (Employee) $107,488 $0 $43,768
Jonathan Christensen (Employee) $106,047 $0 $54,001
Bridget Anderson (Employee) $105,284 $0 $15,722
Joel Adler (Vice President) $11,795 $0 $0
Bill Tostenson (President) $11,024 $0 $0
Matt Cameron (Director (April Dec)) $9,840 $0 $0
David Behrns (Director) $9,552 $0 $0
Krista Atyeo Gortmaker (Treasurer) $8,693 $0 $0
Tom Berens (Director) $7,622 $0 $0
Paul Nelson (Director) $6,840 $0 $0
Scott Niedert (Director) $5,442 $0 $0
Dale Jensen (Director (Jan Mar)) $4,893 $0 $0
Darren Strasser (Secretary) $4,608 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,362,354
Expenses
$11,267,152
Net Income
$95,202
Net Assets
$13,885,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,245,061
99.0%
Investment Income $22,091
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $95,202
0.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $260,028
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,643,053
14.6%
Assets/Debt
Total Assets $39,780,870
Total Liabilities $25,895,093
Net Assets $13,885,777
Club or Co-Op Income
Income From Members $11,893,076
Income From Other Sources $663,063
Compensation
Key Employees and Officers Compensation Related Other
David Page (General Manager) $138,724 $0 $108,477
Bill Tostenson (President) $8,424 $0 $0
Dale Jensen (Vice President) $8,118 $0 $0
David Behrns (Director) $7,560 $0 $0
Krista Atyeo Gortmaker (Treasurer) $7,403 $0 $0
Joel Adler (Director) $5,985 $0 $0
Paul Nelson (Director) $5,828 $0 $0
Scott Niedert (Director) $5,355 $0 $0
Tom Berens (Director) $4,192 $0 $0
Darren Strasser (Secretary) $3,780 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,833,876
Expenses
$10,816,116
Net Income
$17,760
Net Assets
$13,219,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,798,018
99.7%
Investment Income $18,097
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $17,761
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $243,491
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,496,843
13.8%
Assets/Debt
Total Assets $39,339,784
Total Liabilities $26,120,391
Net Assets $13,219,393
Club or Co-Op Income
Income From Members $11,482,691
Income From Other Sources $249,627
Compensation
Key Employees and Officers Compensation Related Other
David Page (General Manager) $130,485 $0 $156,673
Bill Tostenson (President) $8,155 $0 $0
Joel Adler (Director) $7,830 $0 $0
Krista Atyeo Gortmaker (Treasurer) $6,300 $0 $0
Tom Berens (Director) $5,229 $0 $0
Dale Jensen (Vice President) $5,220 $0 $0
David Behrns (Director) $5,220 $0 $0
Paul Nelson (Director) $4,805 $0 $0
Scott Niedert (Director) $4,617 $0 $0
Darren Strasser (Secretary) $3,843 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,849,181
Expenses
$10,808,899
Net Income
$40,282
Net Assets
$12,802,207
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,783,985
99.4%
Investment Income $24,917
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $40,279
0.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $245,491
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,420,951
13.1%
Assets/Debt
Total Assets $36,982,921
Total Liabilities $24,180,714
Net Assets $12,802,207
Club or Co-Op Income
Income From Members $11,176,497
Income From Other Sources $283,033
Compensation
Key Employees and Officers Compensation Related Other
David Page (General Manager) $127,040 $0 $137,099
Bill Tostenson (President) $8,108 $0 $0
Krista Atyeo Gortmaker (Treasurer) $7,777 $0 $0
Dale Jensen (Vice President) $6,831 $0 $0
Tom Berens (Director) $6,831 $0 $0
Joel Adler (Director) $6,386 $0 $0
Darren Strasser (Secretary) $6,089 $0 $0
David Behrns (Director) $5,495 $0 $0
Paul Nelson (Director) $5,346 $0 $0
Scott Niedert (Director) $5,346 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,229,333
Expenses
$11,191,835
Net Income
$37,498
Net Assets
$12,383,382
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,179,994
99.6%
Investment Income $11,848
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $37,491
0.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $260,262
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,293,069
11.6%
Assets/Debt
Total Assets $35,575,936
Total Liabilities $23,192,554
Net Assets $12,383,382
Club or Co-Op Income
Income From Members $11,429,179
Income From Other Sources $269,964
Compensation
Key Employees and Officers Compensation Related Other
David Page (General Manager) $123,359 $0 $113,031
Bill Tostenson (President) $8,306 $0 $0
Krista Atyeo Gortmaker (Treasurer) $8,028 $0 $0
Joel Adler (Director) $6,628 $0 $0
Dale Jensen (Vice President) $6,230 $0 $0
David Behrns (Director From 02/2019) $5,750 $0 $0
Tom Berens (Director) $5,747 $0 $0
Darren Strasser (Secretary) $5,608 $0 $0
Paul Nelson (Director) $5,109 $0 $0
Scott Niedert (Director) $3,940 $0 $0
Jodi Hook (Director Until 02/2019) $834 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,758,836
Expenses
$11,759,492
Net Income
-$656
Net Assets
$11,678,978
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,748,068
99.9%
Investment Income $11,423
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$655
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $233,290
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,255,725
10.7%
Assets/Debt
Total Assets $33,741,748
Total Liabilities $22,062,770
Net Assets $11,678,978
Club or Co-Op Income
Income From Members $11,351,012
Income From Other Sources $246,154
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
David Page (General Manager) $120,791 $0 $108,828
Bill Tostenson (President) $8,775 $0 $0
Krista Atyeo Gortmaker (Treasurer) $7,560 $0 $0
Joel Adler (Director) $6,618 $0 $0
Tom Berens (Director) $6,615 $0 $0
Jodi Hook (Director) $6,210 $0 $0
Paul Nelson (Director) $5,940 $0 $0
Dale Jensen (Vice President) $5,400 $0 $0
Scott Niedert (Director) $5,130 $0 $0
Darren Strasser (Secretary) $4,995 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,087,763
Expenses
$11,050,719
Net Income
$37,044
Net Assets
$10,470,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,808,766
97.5%
Investment Income $9,567
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $269,430
2.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $219,446
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,281,185
11.6%
Assets/Debt
Total Assets $32,580,911
Total Liabilities $22,110,571
Net Assets $10,470,340
Club or Co-Op Income
Income From Members $11,175,881
Income From Other Sources $256,704
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
David Page (General Manager) $115,463 $0 $96,449
Bill Tostenson (President) $6,797 $0 $0
Jodi Hook (Director) $6,670 $0 $0
Tom Berens (Director) $5,705 $0 $0
Darren Strasser (Secretary) $5,530 $0 $0
Krista Atyeo Gortmaker (Treasurer) $5,157 $0 $0
Scott Niedert (Director) $4,895 $0 $0
Paul Nelson (Director) $4,764 $0 $0
Dale Jensen (Vice President) $4,482 $0 $0
Joel Adler (Director) $4,367 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,272,615
Expenses
$10,271,756
Net Income
$859
Net Assets
$9,872,900
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,080,384
98.1%
Investment Income $13,901
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $178,330
1.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $229,006
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,256,453
12.2%
Assets/Debt
Total Assets $29,857,467
Total Liabilities $19,984,567
Net Assets $9,872,900
Club or Co-Op Income
Income From Members $9,936,255
Income From Other Sources $217,907
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
David Page (General Manager) $99,273 $0 $94,254
Bill Tostenson (President) $7,112 $0 $0
Jodi Hook (Director) $6,858 $0 $0
Krista Atyeo Gortmaker (Treasurer) $5,969 $0 $0
Paul Nelson (Director) $5,080 $0 $0
Scott Niedert (Director) $4,699 $0 $0
Tom Berens (Director) $4,572 $0 $0
Darren Strasser (Secretary) $4,191 $0 $0
Dale Jensen (Vice President) $4,064 $0 $0
Joel Adler (Director) $2,540 $0 $0
Nancy Johnson (Director) $1,397 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,404,695
Expenses
$9,374,163
Net Income
$30,532
Net Assets
$9,008,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,370,627
99.6%
Investment Income $3,535
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $30,533
0.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $214,384
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,156,451
12.3%
Assets/Debt
Total Assets $28,373,849
Total Liabilities $19,365,071
Net Assets $9,008,778
Club or Co-Op Income
Income From Members $9,740,927
Income From Other Sources $166,870
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Steven T Ahles (General Manager) $112,961 $0 $51,584
Dale Jensen (Vice President) $9,280 $0 $0
Paul Nelson (Director) $7,205 $0 $0
Krista Atyeo Gortmaker (Treasurer) $5,956 $0 $0
Nancy Johnson (Director) $5,593 $0 $0
Tom Berens (Director) $5,469 $0 $0
Scott Niedert (Director) $5,346 $0 $0
Bill Tostenson (President) $5,339 $0 $0
Darren Strasser (Secretary) $4,707 $0 $0
Jodi Hook (Director) $3,589 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,614,168
Expenses
$9,561,190
Net Income
$52,978
Net Assets
$8,563,328
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,559,078
99.4%
Investment Income $2,115
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $52,975
0.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $197,242
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,101,060
11.5%
Assets/Debt
Total Assets $26,676,140
Total Liabilities $18,112,812
Net Assets $8,563,328
Club or Co-Op Income
Income From Members $10,048,396
Income From Other Sources $178,637
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Steven T Ahles (General Manager) $104,932 $0 $24,107
Krista Atyeo Gortmaker (Director/Treasurer) $7,222 $0 $0
Tom Berens (Director) $7,083 $0 $0
Bill Tostenson (President) $6,951 $0 $0
Jodi Hook (Director) $5,669 $0 $0
Scott Niedert (Director) $5,665 $0 $0
Nancy Johnson (Director) $4,796 $0 $0
Paul Nelson (Director) $4,689 $0 $0
Darren Strasser (Secretary) $3,964 $0 $0
Dale Jensen (Vice President) $3,725 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,367,995
Expenses
$9,314,631
Net Income
$53,364
Net Assets
$8,146,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,303,758
99.3%
Investment Income $10,874
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $53,363
0.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $195,413
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,040,107
11.2%
Assets/Debt
Total Assets $26,061,521
Total Liabilities $17,915,521
Net Assets $8,146,000
Club or Co-Op Income
Income From Members $9,573,262
Income From Other Sources $188,070
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Steven T Ahles (General Manager) $102,666 $0 $81,233
Krista Atyeo Gortmaker (Director/Treasurer) $7,079 $0 $0
Tom Berens (Director) $6,882 $0 $0
Jodi Hook (Director) $5,735 $0 $0
Bill Tostenson (President) $5,628 $0 $0
Scott Niedert (Director) $5,150 $0 $0
Dale Jensen (Vice President) $4,439 $0 $0
Darren Strasser (Secretary) $4,337 $0 $0
Nancy Johnson (Director (Began March 21, 2013)) $3,543 $0 $0
Paul Nelson (Director (Began March 21, 2013)) $2,067 $0 $0
Harlan Loeschke (Director (Until March 21, 2013)) $1,362 $0 $0
Donald Devoe (Treasurer (Until March 21, 2013)) $681 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,256,437
Expenses
$8,221,876
Net Income
$34,561
Net Assets
$7,589,727
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,214,998
99.5%
Investment Income $6,879
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $34,560
0.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $188,083
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $987,692
12.0%
Assets/Debt
Total Assets $24,683,542
Total Liabilities $17,093,815
Net Assets $7,589,727
Club or Co-Op Income
Income From Members $8,441,388
Income From Other Sources $218,873

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,924,024
Expenses
$7,903,962
Net Income
$20,062
Net Assets
$7,140,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,919,283
99.9%
Investment Income $4,741
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $134,637
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $971,581
12.3%
Assets/Debt
Total Assets $23,679,927
Total Liabilities $16,539,133
Net Assets $7,140,794
Club or Co-Op Income
Income From Members $8,099,055
Income From Other Sources $197,483

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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