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Lost River 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
$6.69M (2023)

Expenses
$5.6M (2023)

Total Assets
$12.3M (2023)

Total Liabilities
$2.05M (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
$6,686,471
Expenses
$5,603,221
Net Income
$1,083,250
Net Assets
$10,212,045
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,615,279
98.9%
Investment Income $71,192
1.1%
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 $113,380
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,240,643
22.1%
Assets/Debt
Total Assets $12,259,794
Total Liabilities $2,047,749
Net Assets $10,212,045
Club or Co-Op Income
Income From Members $6,417,905
Income From Other Sources $268,566
Compensation
Key Employees and Officers Compensation Related Other
Brad Gamett (Ceo) $165,994 $0 $102,450
Donald Betzer (Operations Manager) $129,419 $0 $85,253
Patrick Seefried (Head Lineman) $115,251 $0 $78,591
Linda Kimball (Controller) $114,945 $0 $78,447
Joshua Haroldsen (Lineman) $111,166 $0 $76,670
Randy R Purser (President) $13,200 $0 $0
Maddie Mocettini Hansen (Secretary) $13,040 $0 $0
James D Mckelvey (Director) $12,940 $0 $0
Bret L Zollinger (Director) $12,680 $0 $0
Stacy Moorman (Director) $12,680 $0 $0
Susan M Harris (Vice President) $12,580 $0 $0
Trent Brownlee (Director) $12,360 $0 $0
Travis Buckwalter (Director) $12,000 $0 $0
Lynn O Rothwell (Director) $11,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,197,518
Expenses
$6,119,795
Net Income
$1,077,723
Net Assets
$9,608,181
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,159,240
99.5%
Investment Income $38,278
0.5%
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 $118,119
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,160,779
19.0%
Assets/Debt
Total Assets $11,694,914
Total Liabilities $2,086,733
Net Assets $9,608,181
Club or Co-Op Income
Income From Members $7,117,439
Income From Other Sources $80,079
Compensation
Key Employees and Officers Compensation Related Other
Brad Gamett (Ceo) $155,040 $0 $95,118
Donald Betzer (Operations Manager) $121,701 $0 $79,818
Linda Kimball (Controller) $110,631 $0 $74,729
Patrick Seefried (Head Lineman) $108,695 $0 $73,660
Joshua Haroldsen (Lineman) $104,445 $0 $71,792
James D Mckelvey (Director) $14,223 $0 $0
Maddie Mocettini Hansen (Director) $14,174 $0 $0
Trent Brownlee (Director) $14,174 $0 $0
Susan M Harris (Vice President) $13,411 $0 $0
Randy R Purser (President) $13,318 $0 $0
Stacy Moorman (Director) $12,922 $0 $0
Bret L Zollinger (Secretary/Treas) $12,000 $0 $0
Lynn O Rothwell (Director) $12,000 $0 $0
Merlin A Waddoups (Director) $8,897 $0 $0
Travis Buckwalter (Director) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,381,964
Expenses
$6,168,270
Net Income
$1,213,694
Net Assets
$8,978,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,350,789
99.6%
Investment Income $31,175
0.4%
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 $476,366
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $712,119
11.5%
Assets/Debt
Total Assets $11,076,384
Total Liabilities $2,097,962
Net Assets $8,978,422
Club or Co-Op Income
Income From Members $7,286,439
Income From Other Sources $95,525
Compensation
Key Employees and Officers Compensation Related Other
Brad Gamett (Ceo) $140,482 $0 $61,517
Donald E Betzer (Operations Manager) $117,891 $0 $51,624
Linda Kimball (Controller) $108,748 $0 $46,309
Randy R Purser (President) $13,258 $0 $0
Susan M Harris (Vice President) $13,071 $0 $0
Maddie Mocettini Hansen (Director) $12,984 $0 $0
James D Mckelvey (Director) $12,000 $0 $0
Merlin A Waddoups (Director) $12,000 $0 $0
Bret L Zollinger (Secretary/Treas) $11,987 $0 $0
Lynn O Rothwell (Director) $11,987 $0 $0
Chad H Angell (Director) $8,900 $0 $0
Stacy Moorman (Director) $7,000 $0 $0
Dean Myler (Director) $3,058 $0 $0
Trent Brownlee (Director) $3,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,010,717
Expenses
$6,296,419
Net Income
$714,298
Net Assets
$8,225,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,981,768
99.6%
Investment Income $28,949
0.4%
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 $431,388
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,398,992
Total Liabilities $2,173,107
Net Assets $8,225,885
Club or Co-Op Income
Income From Members $6,957,003
Income From Other Sources $53,714
Compensation
Key Employees and Officers Compensation Related Other
Brad Gamett (General Manager) $118,998 $0 $42,838
Donald E Betzer (Operations Manager) $112,389 $0 $42,211
Randy R Purser (President) $13,944 $0 $0
Maddie Mocettini Hansen (Director) $12,744 $0 $0
Bret L Zollinger (Secretary/Treas) $12,744 $0 $0
Chad H Angell (Director) $12,744 $0 $0
James D Mckelvey (Director) $12,744 $0 $0
Lynn O Rothwell (Director) $12,744 $0 $0
Merlin A Waddoups (Director) $12,744 $0 $0
Susan M Harris (Vice President) $12,644 $0 $0
Dean Myler (Director) $11,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,306,286
Expenses
$5,669,508
Net Income
$636,778
Net Assets
$7,999,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,275,375
99.5%
Investment Income $30,911
0.5%
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 $531,418
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,759,639
Total Liabilities $2,759,647
Net Assets $7,999,992
Club or Co-Op Income
Income From Members $6,247,275
Income From Other Sources $59,011
Compensation
Key Employees and Officers Compensation Related Other
Richard Reynolds (Former General Manager) $259,935 $0 $0
Donald E Betzer (Operations Manager) $106,231 $0 $47,100
Randy R Purser (President) $14,280 $0 $0
Merlin A Waddoups (Director) $13,916 $0 $0
Bret L Zollinger (Secretary/Treas) $13,580 $0 $0
Dean Myler (Director) $13,320 $0 $0
Susan M Harris (Vice President) $13,264 $0 $0
James D Mckelvey (Director) $12,948 $0 $0
Lynn O Rothwell (Director) $12,948 $0 $0
Chad H Angell (Director) $12,000 $0 $0
Maddie Mocettini Hansen (Director) $11,896 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,131,795
Expenses
$5,570,032
Net Income
$561,763
Net Assets
$7,964,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,108,456
99.6%
Investment Income $23,339
0.4%
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 $510,846
9.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,696,212
Total Liabilities $2,731,813
Net Assets $7,964,399
Club or Co-Op Income
Income From Members $6,047,650
Income From Other Sources $84,146
Compensation
Key Employees and Officers Compensation Related Other
Richard Reynolds (Manager/Ceo) $155,451 $0 $85,680
Donald E Betzer (Operations Manager) $109,733 $0 $65,490
Brad J Gamett (President) $13,820 $0 $0
James D Mckelvey (Director) $13,605 $0 $0
Bret L Zollinger (Secretary/Treas) $12,620 $0 $0
Merlin A Waddoups (Director) $12,620 $0 $0
Randy R Purser (Director) $12,620 $0 $0
Susan M Harris (Vice President) $12,520 $0 $0
Dean Myler (Director) $12,520 $0 $0
Lynn O Rothwell (Director) $12,365 $0 $0
Chad H Angell (Director) $12,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,737,427
Expenses
$5,480,853
Net Income
$256,574
Net Assets
$7,588,699
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,716,575
99.6%
Investment Income $20,852
0.4%
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 $303,084
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,613,067
Total Liabilities $3,024,368
Net Assets $7,588,699
Club or Co-Op Income
Income From Members $5,696,626
Income From Other Sources $40,801
Compensation
Key Employees and Officers Compensation Related Other
Richard Reynolds (Manager/Ceo) $136,403 $0 $37,590
Brad J Gamett (President) $15,651 $0 $0
James D Mckelvey (Director) $15,417 $0 $0
Randy R Purser (Director) $14,397 $0 $0
Susan M Harris (Vice President) $14,343 $0 $0
Dean Myler (Director) $14,343 $0 $0
Bret L Zollinger (Secretary/Treas) $13,735 $0 $0
Chad H Angell (Director) $13,735 $0 $0
Lynn O Rothwell (Director) $13,735 $0 $0
Merlin A Waddoups (Director) $13,735 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,653,686
Expenses
$5,801,834
Net Income
-$148,148
Net Assets
$7,167,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,632,141
99.6%
Investment Income $21,545
0.4%
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 $283,027
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,179,620
Total Liabilities $3,012,294
Net Assets $7,167,326
Club or Co-Op Income
Income From Members $5,586,744
Income From Other Sources $66,942
Compensation
Key Employees and Officers Compensation Related Other
Richard Reynolds (Manager/Ceo) $153,286 $0 $0
Lynn O Rothwell (Director) $15,233 $0 $0
Brad J Gamett (President) $15,188 $0 $0
James D Mckelvey (Director) $14,935 $0 $0
Susan M Harris (Vice President) $14,637 $0 $0
Merlin A Waddoups (Director) $14,392 $0 $0
Bret L Zollinger (Secretary/Treas) $13,988 $0 $0
Chad H Angell (Director) $13,988 $0 $0
Randy R Purser (Director) $13,988 $0 $0
Wiley F Smith (Director) $10,057 $0 $0
Dean Myler (Director) $3,335 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,612,917
Expenses
$5,348,869
Net Income
$264,048
Net Assets
$7,480,000
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,593,249
99.6%
Investment Income $19,668
0.4%
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 $270,156
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,226,344
Total Liabilities $2,746,344
Net Assets $7,480,000
Club or Co-Op Income
Income From Members $5,566,150
Income From Other Sources $46,767
Compensation
Key Employees and Officers Compensation Related Other
Richard Reynolds (Manager/Ceo) $146,499 $0 $0
Brad J Gamett (President) $14,841 $0 $0
Bret L Zollinger (Secretary/Treas) $14,517 $0 $0
Lynn O Rothwell (Director) $14,517 $0 $0
James D Mckelvey (Director) $13,641 $0 $0
Merlin A Waddoups (Director) $13,641 $0 $0
Randy R Purser (Director) $13,641 $0 $0
Susan M Harris (Vice President) $13,641 $0 $0
Chad H Angell (Director) $12,609 $0 $0
Wiley F Smith (Director) $12,609 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,793,024
Expenses
$5,006,675
Net Income
$786,349
Net Assets
$7,581,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,772,622
99.6%
Investment Income $20,402
0.4%
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 $262,869
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,208,954
Total Liabilities $2,627,430
Net Assets $7,581,524
Club or Co-Op Income
Income From Members $5,680,030
Income From Other Sources $112,994
Compensation
Key Employees and Officers Compensation Related Other
Richard Reynolds (Manager/Ceo) $141,753 $0 $0
James D Mckelvey (Director) $14,503 $0 $0
Brad J Gamett (President) $14,457 $0 $0
Lynn O Rothwell (Director) $13,982 $0 $0
Bret L Zollinger (Secretary/Treas) $13,543 $0 $0
Chad H Angell (Director) $13,155 $0 $0
Merlin A Waddoups (Director) $13,155 $0 $0
Susan M Harris (Vice President) $13,155 $0 $0
Randy R Purser (Director) $12,583 $0 $0
Wiley F Smith (Director) $12,583 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,385,294
Expenses
$5,162,115
Net Income
$1,223,179
Net Assets
$7,399,343
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,364,269
99.7%
Investment Income $21,025
0.3%
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 $256,119
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $506,037
9.8%
Assets/Debt
Total Assets $9,930,908
Total Liabilities $2,531,565
Net Assets $7,399,343
Club or Co-Op Income
Income From Members $5,852,032
Income From Other Sources $533,262

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,594,057
Expenses
$4,699,603
Net Income
$894,454
Net Assets
$6,974,543
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,574,584
99.7%
Investment Income $19,473
0.3%
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 $235,932
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $672,585
14.3%
Assets/Debt
Total Assets $9,403,265
Total Liabilities $2,428,722
Net Assets $6,974,543
Club or Co-Op Income
Income From Members $5,574,584
Income From Other Sources $19,473

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,235,224
Expenses
$4,491,275
Net Income
$743,949
Net Assets
$6,999,720
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,202,798
99.4%
Investment Income $32,426
0.6%
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 $226,093
5.0%
Professional Fundraising Fees $0
Other Salaries and Wages $652,382
14.5%
Assets/Debt
Total Assets $9,334,958
Total Liabilities $2,335,238
Net Assets $6,999,720
Club or Co-Op Income
Income From Members $5,235,224
Income From Other Sources $32,426

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.
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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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