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Rushmore Electric Power 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
$14.5M (2022)

Expenses
$9.02M (2022)

Total Assets
$78M (2022)

Total Liabilities
$14.8M (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,508,098
Expenses
$9,018,860
Net Income
$5,489,238
Net Assets
$63,230,173
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,061,905
69.4%
Investment Income $128,619
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $16,960
0.1%
Net Fundraising $0
Sales of Assets $959
0.0%
Net Inventory Sales $3,605,195
24.8%
Other Revenue $694,460
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $323,916
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,803,812
20.0%
Assets/Debt
Total Assets $78,036,719
Total Liabilities $14,806,546
Net Assets $63,230,173
Club or Co-Op Income
Income From Members $83,551,145
Income From Other Sources $1,085,248
Compensation
Key Employees and Officers Compensation Related Other
Kory Hammerbeck (Ceo/General) $225,087 $0 $58,429
Cory Trapp (Engineering) $177,582 $0 $61,421
Marc Charles Zautke (Cio) $136,579 $0 $52,583
Mark Miller (Cfo) $117,894 $0 $50,402
Justin Brickner (Secretary) $7,800 $0 $0
Paul Lawrence (Director) $7,000 $0 $0
Dwight Rossow (President) $5,400 $0 $0
Tom Schlack (Director) $5,400 $0 $0
Jerry Hammerquist (Director) $5,000 $0 $0
Dan Hefner (Treasurer) $3,400 $0 $0
Dave Lindblom (Vice Preside) $3,400 $0 $0
Mike Mcquistion (Director) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,530,453
Expenses
$8,100,660
Net Income
-$570,207
Net Assets
$57,740,935
Notable Sources of Revenue Percent of Total Revenue
Contributions $408,460
5.4%
Program Services $3,555,133
47.2%
Investment Income -$134
Bond Proceeds $0
Royalties $0
Rental Property Income $35,660
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,830,069
37.6%
Other Revenue $701,265
9.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $368,884
4.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,565,505
19.3%
Assets/Debt
Total Assets $66,615,714
Total Liabilities $8,874,779
Net Assets $57,740,935
Club or Co-Op Income
Income From Members $75,985,936
Income From Other Sources $1,113,312
Compensation
Key Employees and Officers Compensation Related Other
Victor Simmons (General Man) $231,284 $0 $77,000
Cory Trapp (Engineer) $151,473 $0 $57,204
Todd Eliason (Asst General) $149,150 $0 $38,642
Kory Hammerbeck (Operations M) $126,913 $0 $54,343
Marc Charles Zautke (Network Anal) $115,492 $0 $49,206
Justin Brickner (Director) $9,400 $0 $0
Dwight Rossow (Treasurer) $9,200 $0 $0
Jerry Hammerquist (President) $8,800 $0 $0
Paul Lawrence (Director) $8,000 $0 $0
Dave Lindblom (Secretary) $7,400 $0 $0
Tom Schlack (Director) $7,000 $0 $0
Dan Hefner (Vice Preside) $5,800 $0 $0
Mike Mcquistion (Director) $5,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,774,347
Expenses
$7,776,563
Net Income
$997,784
Net Assets
$58,311,142
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,293,864
48.9%
Investment Income $185,568
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $41,593
0.5%
Net Fundraising $0
Sales of Assets $21,000
0.2%
Net Inventory Sales $3,531,637
40.2%
Other Revenue $700,685
8.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $313,288
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,636,934
21.0%
Assets/Debt
Total Assets $65,019,371
Total Liabilities $6,708,229
Net Assets $58,311,142
Club or Co-Op Income
Income From Members $75,130,870
Income From Other Sources $1,286,921
Compensation
Key Employees and Officers Compensation Related Other
Victor Simmons (General Man) $218,455 $0 $68,332
Todd Eliason (Asst General) $145,008 $0 $38,767
Cory Trapp (Engineer) $143,104 $0 $58,301
Kory Hammerbeck (Operations M) $121,605 $0 $55,631
Tom Schlack (Director) $4,800 $0 $0
Dwight Rossow (Treasurer) $4,500 $0 $0
Justin Brickner (Director) $4,400 $0 $0
Paul Lawrence (Director) $3,400 $0 $0
Jerry Hammerquist (President) $2,600 $0 $0
Dan Hefner (Vice Preside) $2,400 $0 $0
Dave Lindblom (Secretary) $2,400 $0 $0
Mike Mcquistion (Director) $2,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,122,958
Expenses
$8,032,856
Net Income
$90,102
Net Assets
$57,313,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,852,590
47.4%
Investment Income $42,935
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $45,510
0.6%
Net Fundraising $0
Sales of Assets $12,000
0.1%
Net Inventory Sales $3,493,051
43.0%
Other Revenue $676,872
8.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $327,556
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,729,883
21.5%
Assets/Debt
Total Assets $64,320,597
Total Liabilities $7,007,239
Net Assets $57,313,358
Club or Co-Op Income
Income From Members $76,479,806
Income From Other Sources $1,095,894
Compensation
Key Employees and Officers Compensation Related Other
Victor Simmons (Gen Manager) $212,598 $0 $65,159
Michael Bowers (Engin. Mgr) $154,995 $0 $54,766
Todd Eliason (Asst General) $141,421 $0 $35,881
Cory Trapp (Engineer) $130,695 $0 $47,831
Justin Brickner (Director) $10,600 $0 $0
Tom Schlack (Director) $6,600 $0 $0
Jerry Hammerquist (President) $6,400 $0 $0
Dwight Rossow (Treasurer) $6,400 $0 $0
Paul Lawrence (Director) $6,200 $0 $0
Dave Lindblom (Secretary) $6,000 $0 $0
Dan Hefner (Vice Preside) $4,400 $0 $0
Mike Mcquistion (Director) $3,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$15,095,084
Expenses
$7,716,766
Net Income
$7,378,318
Net Assets
$57,223,256
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,223,266
74.4%
Investment Income $20,416
0.1%
Net Fundraising $0
Sales of Assets $161
0.0%
Net Inventory Sales $3,150,778
20.9%
Other Revenue $655,553
4.3%
Assets/Debt
Total Assets $64,784,609
Total Liabilities $7,561,353
Net Assets $57,223,256
Club or Co-Op Income
Income From Members $76,198,761
Income From Other Sources $1,129,435
Compensation
Key Employees and Officers Compensation Other
Victor Simmons (Gen Manager) $204,226 $66,458
Michael Bowers (Engin. Mgr) $149,605 $55,754
Todd Eliason (Asst General) $136,309 $52,982
Kory Hammerbeck (Operations M) $117,817 $49,031
Cory Trapp (Engineer) $117,626 $47,900
Marc Charles Zautke (Network Anal) $106,379 $39,908
Tom Schlack (Director) $10,200 $0
Jerry Hammerquist (President) $9,000 $0
Dwight Rossow (Treasurer) $7,000 $0
Justin Brickner (Director) $6,600 $0
Paul Lawrence (Director) $6,200 $0
Dan Hefner (Vice Preside) $5,800 $0
Mike Mcquistion (Director) $4,600 $0
Dave Lindblom (Secretary) $4,600 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,419,600
Expenses
$7,225,670
Net Income
$1,193,930
Net Assets
$49,844,938
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,539,189
53.9%
Investment Income $33,450
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $44,310
0.5%
Net Fundraising $0
Sales of Assets $350
0.0%
Net Inventory Sales $3,158,900
37.5%
Other Revenue $643,401
7.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $304,589
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,658,009
22.9%
Assets/Debt
Total Assets $58,449,042
Total Liabilities $8,604,104
Net Assets $49,844,938
Club or Co-Op Income
Income From Members $76,769,025
Income From Other Sources $1,044,814
Compensation
Key Employees and Officers Compensation Related Other
Victor Simmons (Gen Manager) $197,557 $0 $58,167
Michael Bowers (Engin. Mgr) $141,961 $0 $47,352
Todd Eliason (Asst General) $129,419 $0 $48,345
Kory Hammerbeck (Operations M) $116,894 $0 $47,989
Cory Trapp (Engineer) $112,253 $0 $46,736
Marc Charles Zautke (Network Anal) $108,173 $0 $28,465
Jerry Hammerquist (President) $9,763 $0 $0
Paul Lawrence (Director) $7,538 $0 $0
Dwight Rossow (Treasurer) $6,663 $0 $0
Dave Lindblom (Secretary) $5,563 $0 $0
Tom Schlack (Director) $5,400 $0 $0
Dan Hefner (Vice Preside) $5,188 $0 $0
Mike Mcquistion (Director) $4,175 $0 $0
Richard Schneider (Treasurer) $3,775 $0 $0
Justin Brickner (Vice Preside) $800 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,119,658
Expenses
$4,753,851
Net Income
$6,365,807
Net Assets
$48,651,008
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,606,666
68.4%
Investment Income $36,090
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $45,010
0.4%
Net Fundraising $0
Sales of Assets $3,100
0.0%
Net Inventory Sales $2,806,486
25.2%
Other Revenue $622,306
5.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $305,766
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,559,356
32.8%
Assets/Debt
Total Assets $57,657,007
Total Liabilities $9,005,999
Net Assets $48,651,008
Club or Co-Op Income
Income From Members $69,461,035
Income From Other Sources $1,127,596
Compensation
Key Employees and Officers Compensation Related Other
Victor Simmons (Gen Manager) $197,441 $0 $60,750
Michael Bowers (Engin. Mgr) $137,181 $0 $44,941
Todd Eliason (Asst General) $127,411 $0 $44,987
Kory Hammerbeck (Operations M) $111,602 $0 $42,376
Tom Schlack (Director) $8,438 $0 $0
Paul Lawrence (Director) $7,688 $0 $0
Richard Schneider (Treasurer) $7,312 $0 $0
Jerry Hammerquist (President) $7,263 $0 $0
Dwight Rossow (Director) $4,687 $0 $0
Mike Mcquistion (Director) $4,312 $0 $0
Dave Lindblom (Secretary) $4,312 $0 $0
Dan Hefner (Vice Preside) $3,563 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,729,674
Expenses
$4,567,650
Net Income
$2,162,024
Net Assets
$42,285,201
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,248,649
48.3%
Investment Income $31,046
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $39,692
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,836,438
42.1%
Other Revenue $573,849
8.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $290,335
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,412,403
30.9%
Assets/Debt
Total Assets $49,054,242
Total Liabilities $6,769,041
Net Assets $42,285,201
Club or Co-Op Income
Income From Members $61,867,223
Income From Other Sources $983,178
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Victor Simmons (Gen Manager) $184,957 $0 $61,090
Michael Bowers (Engin. Mgr) $134,092 $0 $43,212
Todd Eliason (Asst General) $124,220 $0 $43,052
Jerry Hammerquist (President) $7,350 $0 $0
Richard Schneider (Treasurer) $6,750 $0 $0
Paul Lawrence (Director) $6,375 $0 $0
Dan Hefner (Vice Preside) $5,625 $0 $0
Dwight Rossow (Director) $4,500 $0 $0
Tom Schlack (Director) $4,125 $0 $0
Dave Lindblom (Secretary) $3,563 $0 $0
Mike Mcquistion (Director) $3,375 $0 $0
John Van Beek (Vice Preside) $1,500 $0 $0
Roy Ireland (Director) $1,125 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,729,144
Expenses
$4,707,881
Net Income
$2,021,263
Net Assets
$40,123,177
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,386,918
50.3%
Investment Income $23,381
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $43,734
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,694,196
40.0%
Other Revenue $580,915
8.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $295,538
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,299,383
27.6%
Assets/Debt
Total Assets $47,270,272
Total Liabilities $7,147,095
Net Assets $40,123,177
Club or Co-Op Income
Income From Members $65,755,719
Income From Other Sources $1,448,128
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Victor Simmons (Gen Manager) $173,162 $0 $62,713
Michael Bowers (Engin. Mgr) $131,377 $0 $40,614
Todd Eliason (Asst General) $121,313 $0 $44,987
John Van Beek (Vice Preside) $11,813 $0 $0
Jerry Hammerquist (President) $9,225 $0 $0
Richard Schneider (Treasurer) $7,312 $0 $0
Roy Ireland (Director) $6,563 $0 $0
Dan Hefner (Secretary) $6,375 $0 $0
Alan Johnson (Secretary) $5,250 $0 $0
Dave Lindblom (Director) $5,250 $0 $0
Mike Mcquistion (Director) $3,937 $0 $0
Paul Lawrence (Director) $2,625 $0 $0
Glen Reaser (Treasurer) $1,313 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,745,177
Expenses
$3,836,656
Net Income
$2,908,521
Net Assets
$38,101,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,742,473
55.5%
Investment Income $43,385
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $37,190
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,395,741
35.5%
Other Revenue $526,388
7.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $259,914
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,214,402
31.7%
Assets/Debt
Total Assets $46,207,430
Total Liabilities $8,105,516
Net Assets $38,101,914
Club or Co-Op Income
Income From Members $64,730,810
Income From Other Sources $757,093
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Victor Simmons (Gen Manager) $162,854 $0 $54,646
Michael Bowers (Engin. Mgr) $129,354 $0 $47,267
Todd Eliason (Asst General) $118,139 $0 $40,515
Alan Johnson (Secretary) $7,313 $0 $0
John Van Beek (Vice Preside) $7,150 $0 $0
Jerry Hammerquist (President) $6,338 $0 $0
Roy Ireland (Director) $5,688 $0 $0
Glen Reaser (Treasurer) $4,550 $0 $0
Mike Mcquistion (Director) $4,225 $0 $0
Richard Schneider (Director) $3,900 $0 $0
Dan Hefner (Director) $3,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,170,486
Expenses
$4,037,847
Net Income
$2,132,639
Net Assets
$35,193,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,079,374
49.9%
Investment Income $45,870
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $43,064
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,480,660
40.2%
Other Revenue $521,518
8.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $254,837
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,232,483
30.5%
Assets/Debt
Total Assets $40,998,876
Total Liabilities $5,805,483
Net Assets $35,193,393
Club or Co-Op Income
Income From Members $58,484,250
Income From Other Sources $631,217

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,568,639
Expenses
$3,524,291
Net Income
$2,044,348
Net Assets
$33,060,754
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,871,790
51.6%
Investment Income $74,827
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $40,761
0.7%
Net Fundraising $0
Sales of Assets $7,700
0.1%
Net Inventory Sales $2,079,972
37.4%
Other Revenue $493,589
8.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $241,106
6.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,161,163
32.9%
Assets/Debt
Total Assets $37,362,597
Total Liabilities $4,301,843
Net Assets $33,060,754
Club or Co-Op Income
Income From Members $52,198,673
Income From Other Sources $571,484

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

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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