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Morgan County Rural Electric Association

  • Fort Morgan, CO
  • Tax-exempt since Aug. 1938
  • EIN: 84-0271515

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
$45.4M (2023)

Expenses
$45.4M (2023)

Total Assets
$111M (2023)

Total Liabilities
$59.7M (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
$45,406,447
Expenses
$45,406,447
Net Income
$0
Net Assets
$51,092,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,633,664
98.3%
Investment Income $698,990
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,123
0.0%
Net Inventory Sales $68,670
0.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $793,019
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,362,217
7.4%
Assets/Debt
Total Assets $110,805,368
Total Liabilities $59,712,557
Net Assets $51,092,811
Club or Co-Op Income
Income From Members $43,600,559
Income From Other Sources $1,805,888
Compensation
Key Employees and Officers Compensation Related Other
David Frick (General Manager) $226,803 $0 $93,890
Steve Sundet (Manager Of Engineering) $154,471 $0 $69,522
Robb Shaver (Manager Of Office Services) $143,485 $0 $67,047
Rodney Rhoades (Lineman) $142,640 $0 $58,079
Alan Mason (Manager Of Operations) $133,366 $0 $60,862
Robert Baranowski (Manager Of Member Services) $114,290 $0 $57,896
Brad Boppre (Lineman) $113,928 $0 $39,900
David E Arndt (Director) $34,651 $0 $0
Timothy A Peggram (Director) $34,651 $0 $0
Terry Tormohlen (Director) $34,033 $0 $0
Larry Hoozee (Director) $31,251 $0 $0
Cary Wickstrom (Director) $31,151 $0 $0
J Brian Pabst (Director) $31,151 $0 $0
Randolph D Graff (Director) $25,424 $0 $0
Jim Bostron (Director) $18,632 $0 $0
Terry Linker (Director) $18,232 $0 $0
Kyle Eiring (Director) $2,600 $0 $0
+ View more people

Document Links

990
Filed on May 7, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,792,828
Expenses
$44,792,828
Net Income
$0
Net Assets
$49,848,650
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,472,240
99.3%
Investment Income $323,001
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,705
0.0%
Net Inventory Sales -$10,118
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $756,151
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,213,398
7.2%
Assets/Debt
Total Assets $110,605,529
Total Liabilities $60,756,879
Net Assets $49,848,650
Club or Co-Op Income
Income From Members $43,962,413
Income From Other Sources $830,414
Compensation
Key Employees and Officers Compensation Related Other
David Frick (General Manager) $213,558 $0 $88,003
Bobby Brenton (Manager Of Operations) $142,184 $0 $54,822
Steve Sundet (Manager Of Engineering) $140,273 $0 $65,751
Robb Shaver (Manager Of Office Services) $128,111 $0 $62,309
Rodney Rhoades (Lineman) $119,527 $0 $55,306
Alan Mason (Line Superintendant) $112,039 $0 $56,936
Robert Baranowski (Manager Of Member Services) $102,005 $0 $54,392
David E Arndt (Director) $36,118 $0 $0
Timothy A Peggram (Director) $33,718 $0 $0
Terry Tormohlen (Director) $32,500 $0 $0
Larry Hoozee (Director) $32,118 $0 $0
Cary Wickstrom (Director) $31,918 $0 $0
J Brian Pabst (Director) $31,318 $0 $0
Randolph D Graff (Director) $29,318 $0 $0
Jim Bostron (Director) $19,732 $0 $0
Terry Linker (Director) $17,432 $0 $0
+ View more people

Document Links

990
Filed on May 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,102,816
Expenses
$45,102,816
Net Income
$0
Net Assets
$48,633,609
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,842,575
99.4%
Investment Income $159,116
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $100,326
0.2%
Net Inventory Sales $799
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $713,872
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,094,488
6.9%
Assets/Debt
Total Assets $104,279,755
Total Liabilities $55,646,146
Net Assets $48,633,609
Club or Co-Op Income
Income From Members $43,420,198
Income From Other Sources $1,682,618
Compensation
Key Employees and Officers Compensation Related Other
David Frick (General Manager) $203,619 $0 $83,545
Steve Sundet (Manager Of Engineering) $134,668 $0 $63,262
Bobby Brenton (Manager Of Operations) $122,550 $0 $58,645
Robb Shaver (Manager Of Office Services) $121,249 $0 $59,557
Rodney Rhoades (Lineman) $117,302 $0 $52,887
Brad Boppre (Lineman) $111,211 $0 $54,449
Alan Mason (Line Superintendant) $104,320 $0 $53,284
David E Arndt (Director) $33,765 $0 $0
Terry Tormohlen (Director) $31,647 $0 $0
Timothy A Peggram (Director) $30,865 $0 $0
Larry Hoozee (Director) $28,465 $0 $0
Randolph D Graff (Director) $28,365 $0 $0
Cary Wickstrom (Director) $28,165 $0 $0
J Brian Pabst (Director) $27,365 $0 $0
Jim Bostron (Director) $19,732 $0 $0
Terry Linker (Director) $17,532 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,952,841
Expenses
$44,952,841
Net Income
$0
Net Assets
$47,007,405
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,671,164
99.4%
Investment Income $263,279
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,620
0.0%
Net Inventory Sales $6,778
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $702,468
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,070,446
6.8%
Assets/Debt
Total Assets $105,337,294
Total Liabilities $58,329,889
Net Assets $47,007,405
Club or Co-Op Income
Income From Members $43,173,652
Income From Other Sources $1,779,189
Compensation
Key Employees and Officers Compensation Related Other
David Frick (General Manager) $198,215 $0 $81,719
Steve Sundet (Manager Of Engineering) $132,227 $0 $61,847
Rodney Rhoades (Lineman) $127,878 $0 $51,103
Bobby Brenton (Manager Of Operations) $120,354 $0 $57,379
Brandon Ryff (Lineman) $119,303 $0 $26,692
Robb Shaver (Manager Of Office Services) $116,893 $0 $58,082
Brad Boppre (Lineman) $114,106 $0 $52,580
David E Arndt (Director) $32,465 $0 $0
Timothy A Peggram (Director) $30,665 $0 $0
J Brian Pabst (Director) $29,965 $0 $0
Terry Tormohlen (Director) $29,747 $0 $0
Cary Wickstrom (Director) $28,765 $0 $0
Randolph D Graff (Director) $28,665 $0 $0
Larry Hoozee (Director) $28,065 $0 $0
Terry Linker (Director) $19,232 $0 $0
Brian D Schlagel (Director) $15,183 $0 $0
Jim Bostron (Director) $4,808 $0 $0
+ View more people

Document Links

990
Filed on May 7, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,473,667
Expenses
$45,473,667
Net Income
$0
Net Assets
$45,747,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,655,117
98.2%
Investment Income $343,786
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $461,665
1.0%
Net Inventory Sales $13,099
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $694,829
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,049,757
6.7%
Assets/Debt
Total Assets $94,981,913
Total Liabilities $49,234,473
Net Assets $45,747,440
Club or Co-Op Income
Income From Members $42,763,317
Income From Other Sources $2,710,350
Compensation
Key Employees and Officers Compensation Related Other
David P Frick (General Manager) $191,076 $0 $72,729
Stephan T Sundet (Manager Of Engineering) $127,038 $0 $59,193
Bobby J Brenton (Manager Of Operations) $116,917 $0 $54,923
David E Henderson (Director Of External Affairs) $115,835 $0 $55,312
Robb Shaver (Manager Of Office Services) $112,875 $0 $54,947
Rodney Rhoades (Lineman) $110,157 $0 $48,080
Brad Boppre (Lineman) $108,568 $0 $49,465
David E Arndt (Director) $33,536 $0 $0
Timothy A Peggram (Director) $33,336 $0 $0
Randolph D Graff (Director) $32,536 $0 $0
Brian D Schlagel (Director) $31,336 $0 $0
Terry Tormohlen (Director) $29,218 $0 $0
Cary Wickstrom (Director) $28,936 $0 $0
Larry Hoozee (Director) $28,736 $0 $0
J Brian Pabst (Director) $28,036 $0 $0
Terry Linker (Director) $17,532 $0 $0
+ View more people

Document Links

990
Filed on Dec. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,264,987
Expenses
$43,264,987
Net Income
$0
Net Assets
$42,947,826
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $42,863,323
99.1%
Investment Income $364,149
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,000
0.0%
Net Inventory Sales $24,515
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $647,841
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,030,953
7.0%
Assets/Debt
Total Assets $92,141,833
Total Liabilities $49,194,007
Net Assets $42,947,826
Club or Co-Op Income
Income From Members $41,487,541
Income From Other Sources $1,777,446

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,938,788
Expenses
$39,938,788
Net Income
$0
Net Assets
$39,798,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,657,091
99.3%
Investment Income $238,435
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $34,907
0.1%
Net Inventory Sales $8,355
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $590,265
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,932,939
7.3%
Assets/Debt
Total Assets $81,919,466
Total Liabilities $42,120,762
Net Assets $39,798,704
Club or Co-Op Income
Income From Members $37,999,114
Income From Other Sources $1,939,674

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,026,958
Expenses
$37,026,958
Net Income
$0
Net Assets
$36,817,930
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,805,275
99.4%
Investment Income $202,286
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $19,397
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $601,703
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,805,319
7.6%
Assets/Debt
Total Assets $75,110,169
Total Liabilities $38,292,239
Net Assets $36,817,930
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,681,260
Expenses
$31,681,260
Net Income
$0
Net Assets
$33,629,423
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,458,058
99.3%
Investment Income $181,854
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $21,160
0.1%
Net Inventory Sales $20,188
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $69,748,679
Total Liabilities $36,119,256
Net Assets $33,629,423
Club or Co-Op Income
Income From Members $30,282,996
Income From Other Sources $1,381,066

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,633,390
Expenses
$27,633,390
Net Income
$0
Net Assets
$28,117,415
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,455,333
99.4%
Investment Income $158,188
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $16,750
0.1%
Net Inventory Sales $3,119
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $66,246,181
Total Liabilities $38,128,766
Net Assets $28,117,415
Club or Co-Op Income
Income From Members $26,376,778
Income From Other Sources $1,366,415

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,977,648
Expenses
$26,977,648
Net Income
$0
Net Assets
$26,732,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,836,543
99.5%
Investment Income $141,105
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $63,494,414
Total Liabilities $36,761,629
Net Assets $26,732,785
Club or Co-Op Income
Income From Members $25,659,062
Income From Other Sources $1,177,481

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,266,248
Expenses
$26,266,248
Net Income
$0
Net Assets
$24,283,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,131,116
99.5%
Investment Income $126,956
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,176
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $59,751,693
Total Liabilities $35,468,390
Net Assets $24,283,303
Club or Co-Op Income
Income From Members $25,240,212
Income From Other Sources $890,904

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,230,802
Expenses
$25,230,802
Net Income
$0
Net Assets
$23,301,132
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,129,823
99.6%
Investment Income $100,929
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $50
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $59,100,324
Total Liabilities $35,799,192
Net Assets $23,301,132
Club or Co-Op Income
Income From Members $24,032,536
Income From Other Sources $1,198,266

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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