Wells Rural Electric Co

Wells, NV
Tax-exempt since April 1966
EIN: 88-0086059

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$45.3M (2022)

Expenses

$45.3M (2022)

Total Assets

$65.7M (2022)

Total Liabilities

$37.4M (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

Revenue

$45,338,751

Expenses

$45,284,881

Net Income

$53,870

Net Assets

$28,330,306

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,185,922	99.7%
Investment Income	$108,859	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$43,970	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,700,955	3.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,443,364	5.4%

Assets/Debt
Total Assets	$65,706,155
Total Liabilities	$37,375,849
Net Assets	$28,330,306

Club or Co-Op Income
Income From Members	$45,648,905
Income From Other Sources	$801,025

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Chief Executive Officer)	$306,687	$0	$123,729
Jacob Manning (Line Foreman)	$152,872	$0	$82,519
Kyle Murphy (Line Foreman)	$152,792	$0	$73,416
Zane Peters (Journeyman Lineman)	$151,367	$0	$71,401
Colton Rasmussen (Journeyman Lineman)	$144,768	$0	$32,594
James Wines (Line Foreman)	$142,808	$0	$47,614
Jeffery R Cromie (Director Of Strategy & Development)	$138,682	$0	$110,938
Ryan Brodsho (Director Of Operations)	$138,540	$0	$100,072
Thad Ballard (Director Of Admin & Power Supply)	$131,179	$0	$158,529
Cynthia Good (Director Of Acct, Finance, Hr)	$105,163	$0	$105,114
Scott Egbert (President)	$44,828	$0	$0
Gerald Anderson (Director)	$38,215	$0	$0
Lois Nannini (Director)	$34,423	$0	$0
M Jonathan Dahl (Vice President)	$23,800	$0	$0
Robert Wilcox (Director)	$23,231	$0	$0
Ouida Madison (Director)	$21,250	$0	$0
Tony Macias (Director)	$20,750	$0	$0
Bruce Widmer (Director)	$20,025	$0	$0
Kirk Dahl (Director)	$18,600	$0	$0
Alfred Montes De Oca (Director)	$18,600	$0	$0
Jim Whited (Secretary/Treasurer)	$18,600	$0	$0

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990

Filed on Nov. 6, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$46,093,733

Expenses

$45,197,497

Net Income

$896,236

Net Assets

$24,441,412

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,122,468	97.9%
Investment Income	$42,833	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$928,432	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,641,997	3.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,327,644	5.1%

Assets/Debt
Total Assets	$65,645,854
Total Liabilities	$41,204,442
Net Assets	$24,441,412

Club or Co-Op Income
Income From Members	$45,623,422
Income From Other Sources	$137,845

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$299,029	$0	$120,849
Jeffery R Cromie (Director Member Services)	$142,889	$0	$119,515
Kyle Murphy (Line Foreman)	$138,752	$0	$68,411
Zane Peters (Lineman)	$134,616	$0	$71,108
Jacob Manning (Line Foreman)	$130,869	$0	$50,952
James Wines (Line Foreman)	$130,837	$0	$42,682
Ryan Brodsho (Director Of Operations)	$129,563	$0	$112,221
Joseph Payne (Lineman)	$126,931	$0	$52,124
Thad Ballard (Director Of Admin & Power Supply)	$126,097	$0	$171,803
Cynthia Good (Director Of Accounting, Fin, & Hr)	$99,356	$0	$72,554
Scott Egbert (President)	$43,194	$0	$0
Gerald Anderson (Director)	$36,086	$0	$0
Lois Nannini (Director)	$26,056	$0	$0
Orlin Kidner (Director)	$24,108	$0	$0
Robert Wilcox (Director)	$19,645	$0	$0
M Jonathan Dahl (Vice President)	$17,625	$0	$0
Ouida Madison (Director)	$15,607	$0	$0
Kirk Dahl (Director)	$15,400	$0	$0
Alfred Montes De Oca (Director)	$15,400	$0	$0
Jim Whited (Secretary/Treasurer)	$15,400	$0	$0
Bruce Widmer (Director)	$15,400	$0	$0
Tony Macias (Director (Sept Dec))	$4,200	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$45,000,714

Expenses

$45,091,659

Net Income

-$90,945

Net Assets

$22,664,318

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$44,916,476	99.8%
Investment Income	$60,127	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$24,111	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,470,055	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,981,296	4.4%

Assets/Debt
Total Assets	$72,687,996
Total Liabilities	$50,023,678
Net Assets	$22,664,318

Club or Co-Op Income
Income From Members	$57,587,848
Income From Other Sources	$241,652

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$271,155	$0	$112,671
Zane Peters (Journeyman Lineman)	$145,149	$0	$67,638
Kyle Murphy (Line Foreman)	$143,783	$0	$61,094
Jeffery R Cromie (Coo)	$136,526	$0	$96,539
James Wines (Line Foreman)	$135,860	$0	$43,046
Michael P Cromie (Cso)	$133,395	$0	$94,213
Jacob Manning (Line Foreman)	$132,740	$0	$71,780
Ryan Brodsho (Line Superintendent)	$124,850	$0	$95,178
Thad Ballard (Director Of Corporate Services)	$114,475	$0	$130,663
Cynthia Good (Director Of Accounting & Finance)	$89,307	$0	$62,924
Scott Egbert (President)	$35,368	$0	$0
Lois Nannini (Director)	$31,112	$0	$0
Gerald Anderson (Vice President)	$29,876	$0	$0
Robert Wilcox (Director)	$29,437	$0	$0
Orlin Kidner (Director)	$29,221	$0	$0
Kirk Dahl (Director)	$16,800	$0	$0
Jim Whited (Director)	$16,800	$0	$0
Fred Montes De Oca (Director)	$15,811	$0	$0
M Jonathan Dahl (Secretary/Treasurer)	$13,952	$0	$0
Ouida Madison (Director)	$5,260	$0	$0
Bruce Widmer (Director)	$4,550	$0	$0

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990

Filed on Nov. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$43,966,550

Expenses

$43,842,865

Net Income

$123,685

Net Assets

$20,431,228

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,810,468	99.6%
Investment Income	$139,602	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$16,480	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,079,864	2.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,799,804	6.4%

Assets/Debt
Total Assets	$55,127,135
Total Liabilities	$34,695,907
Net Assets	$20,431,228

Club or Co-Op Income
Income From Members	$45,414,003
Income From Other Sources	$253,728

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$265,588	$0	$102,955
Richard James (Mgr Corp Services)	$176,308	$0	$68,449
Michael P Cromie (Cso)	$160,997	$0	$83,390
Kyle Murphy (Line Foreman)	$140,756	$0	$52,126
James Wines (Line Foreman)	$137,142	$0	$36,273
Jeffery R Cromie (Coo)	$135,745	$0	$55,761
Jacob Manning (Line Foreman)	$132,775	$0	$56,205
Zane Peters (Journeyman Lineman)	$102,737	$0	$57,793
Scott Egbert (President)	$46,987	$0	$0
Gerald Anderson (Vice President)	$38,148	$0	$0
Robert Wilcox (Director)	$34,798	$0	$0
Lois Nannini (Director)	$32,760	$0	$0
Orlin Kidner (Director)	$29,847	$0	$0
Kirk Dahl (Director)	$23,425	$0	$0
Jim Whited (Director)	$20,825	$0	$0
M Jonathan Dahl (Secretary/Treasurer)	$18,072	$0	$0
Fred Montes De Oca (Director)	$17,331	$0	$0
Ouida Madison (Director)	$8,110	$0	$0
Bruce Widmer (Director)	$5,125	$0	$0

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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$45,364,476

Expenses

$45,239,451

Net Income

$125,025

Net Assets

$20,421,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,222,102	99.7%
Investment Income	$126,770	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,604	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,280,364	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,760,059	6.1%

Assets/Debt
Total Assets	$51,655,587
Total Liabilities	$31,233,947
Net Assets	$20,421,640

Club or Co-Op Income
Income From Members	$45,425,806
Income From Other Sources	$256,653

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$264,953	$0	$102,715
Hank James (Mgr Corp Services)	$171,658	$0	$68,538
Zane Peters (Journeyman Lineman)	$167,420	$0	$59,611
Michael P Cromie (Cso)	$154,435	$0	$83,746
Jeffery R Cromie (Coo)	$146,532	$0	$68,652
Jake Wines (Journeyman Lineman)	$135,073	$0	$33,711
Kyle Murphy (Line Foreman)	$133,714	$0	$55,804
Jacob Manning (Line Foreman)	$129,573	$0	$55,455
William R Welsh (Cfo)	$107,322	$0	$91,031
Scott Egbert (President)	$44,760	$0	$0
Gerald Anderson (Vice President)	$37,007	$0	$0
Lois Nannini (Director)	$34,100	$0	$0
Robert Wilcox (Director)	$31,836	$0	$0
Orlin Kidner (Director)	$25,736	$0	$0
M Jonathan Dahl (Secretary/Treasurer)	$20,325	$0	$0
Kirk Dahl (Director)	$19,725	$0	$0
Jim Whited (Director)	$19,100	$0	$0
Fred Montes De Oca (Director)	$18,462	$0	$0
Bruce Widmer (Director)	$6,425	$0	$0
Howard Wright (Director (Jan Sep))	$2,902	$0	$0
Ouida Madison (Director)	$600	$0	$0

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990

Filed on Nov. 7, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$43,921,911

Expenses

$43,829,619

Net Income

$92,292

Net Assets

$19,735,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,818,661	99.8%
Investment Income	$88,751	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$14,499	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,318,710	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,849,064	6.5%

Assets/Debt
Total Assets	$52,187,486
Total Liabilities	$32,451,515
Net Assets	$19,735,971

Club or Co-Op Income
Income From Members	$43,870,093
Income From Other Sources	$275,845

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$254,411	$0	$92,398
Zane Peters (Journeyman Lineman)	$166,368	$0	$58,653
William R Welsh (Cfo)	$160,266	$0	$79,512
Richard H James (Statewide)	$154,944	$0	$62,691
Michael P Cromie (Cso)	$148,780	$0	$81,506
Jacob Manning (Line Foreman)	$140,784	$0	$49,275
Jeffery R Cromie (Coo)	$131,686	$0	$62,519
Kyle Murphy (Line Foreman)	$130,892	$0	$50,116
William Collins (Journeyman Lineman)	$125,518	$0	$51,679
Scott Egbert (President)	$42,294	$0	$0
Lois Nannini (Director)	$36,594	$0	$0
Gerald Anderson (Vice President)	$34,967	$0	$0
Robert Wilcox (Director)	$34,119	$0	$0
Howard Wright (Director)	$29,485	$0	$0
Orlin Kidner (Director)	$27,453	$0	$0
Fred Montes De Oca (Director)	$24,473	$0	$0
Kirk Dahl (Director)	$24,275	$0	$0
M Jonathan Dahl (Secretary/Treasurer)	$21,497	$0	$0
Jim Whited (Director)	$20,975	$0	$0
Bruce Widmer (Director)	$11,500	$0	$0

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990

Filed on Nov. 13, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$42,879,636

Expenses

$42,812,896

Net Income

$66,740

Net Assets

$19,684,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$42,802,165	99.8%
Investment Income	$63,172	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$14,299	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,183,558	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,935,169	6.9%

Assets/Debt
Total Assets	$49,313,839
Total Liabilities	$29,628,941
Net Assets	$19,684,898

Club or Co-Op Income
Income From Members	$43,595,820
Income From Other Sources	$184,376

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$247,981	$0	$202,517
Zane Peters (General Foreman)	$165,411	$0	$52,156
Richard H James (Statewide)	$140,419	$0	$59,683
William R Welsh (Cfo)	$137,575	$0	$73,160
Michael P Cromie (Coo)	$137,260	$0	$74,986
Jeffery R Cromie (Manager Of Office Service)	$129,435	$0	$48,086
Kyle Murphy (Line Foreman)	$127,981	$0	$44,486
Jacob Manning (Line Foreman)	$127,474	$0	$44,088
Scott Egbert (President)	$42,377	$0	$0
Robert Wilcox (Director)	$37,999	$0	$0
Gerald Anderson (Vice President)	$35,988	$0	$0
Lois Nannini (Director)	$35,814	$0	$0
Howard Wright (Director)	$31,263	$0	$0
Orlin Kidner (Director)	$27,202	$0	$0
M Jonathan Dahl (Secretary/Treasurer)	$25,075	$0	$0
Fred Montes De Oca (Director)	$23,975	$0	$0
Kirk Dahl (Director)	$21,511	$0	$0
Jim Whited (Director)	$17,975	$0	$0
Mary Wright (Retired Director)	$15,751	$0	$0
Bruce Widmer (Director)	$10,900	$0	$0

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990

Filed on Oct. 9, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$41,769,469

Expenses

$41,713,986

Net Income

$55,483

Net Assets

$19,492,645

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$41,709,302	99.9%
Investment Income	$42,250	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,917	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,408,520	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,271,489	5.4%

Assets/Debt
Total Assets	$47,881,528
Total Liabilities	$28,388,883
Net Assets	$19,492,645

Club or Co-Op Income
Income From Members	$41,719,947
Income From Other Sources	$142,137

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$248,647	$0	$237,547
Zane Peters (General Foreman)	$163,076	$0	$50,621
William R Welsh (Cfo)	$134,170	$0	$72,661
Michael P Cromie (Coo)	$132,185	$0	$71,995
Richard H James (Cio)	$132,049	$0	$58,490
Kyle Murphy (Line Foreman)	$123,496	$0	$41,854
Ryan Brodsho (Line Foreman)	$122,026	$0	$54,937
William Collins (Line Foreman)	$120,528	$0	$81,541
Jeffery R Cromie (Director Of Marketing)	$117,018	$0	$46,134
Scott Egbert (President)	$46,387	$0	$0
Lois Nannini (Director)	$35,333	$0	$0
Howard Wright (Director)	$34,276	$0	$0
Gerald Anderson (Vice President)	$32,916	$0	$0
Mary Wright (Director (1/2015 9/2015))	$30,773	$0	$0
M Jonathan Dahl (Secretary/Treasurer)	$28,552	$0	$0
Orlin Kidner (Asst Secretary/Treasurer)	$27,114	$0	$0
Fred Montes De Oca (Director)	$26,525	$0	$0
Kirk Dahl (Director)	$24,200	$0	$0
Jim Whited (Director)	$20,900	$0	$0
Bruce Widmer (Director)	$7,725	$0	$0
Robert Wilcox (Director (10/2015 12/2015))	$6,075	$0	$0

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990

Filed on July 28, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$41,840,003

Expenses

$41,810,983

Net Income

$29,020

Net Assets

$21,371,908

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$41,759,263	99.8%
Investment Income	$28,559	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$51,749	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$432	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,291,092	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,310,058	5.5%

Assets/Debt
Total Assets	$47,980,138
Total Liabilities	$26,608,230
Net Assets	$21,371,908

Club or Co-Op Income
Income From Members	$43,457,437
Income From Other Sources	$132,375

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$222,469	$0	$150,284
Zane Peters (General Foreman)	$163,248	$0	$44,707
William R Welsh (Cfo)	$124,029	$0	$66,176
Michael P Cromie (Coo)	$122,453	$0	$114,321
William Collins (Line Foreman)	$122,039	$0	$75,444
Ryan Brodsho (Line Foreman)	$119,979	$0	$46,411
Kyle Murphy (Journeyman)	$119,640	$0	$34,435
Richard H James (Cio)	$117,382	$0	$50,918
Jeffery R Cromie (Director Of Marketing)	$110,527	$0	$48,690
Jerry Parkin (Retired Director)	$83,126	$0	$0
Scott Egbert (President)	$45,875	$0	$0
M Jonathan Dahl (Director)	$41,975	$0	$0
Gerald Anderson (Vice President)	$36,501	$0	$0
Howard Wright (Director)	$34,306	$0	$0
Lois Nannini (Director)	$33,583	$0	$0
Mary A Wright (Secretary/Treasurer)	$29,725	$0	$0
Orlin Kidner (Director)	$29,382	$0	$0
Fred Montes De Oca (Director)	$23,125	$0	$0
D Vernon Dalton (Director (1/2014 9/2014))	$20,613	$0	$0
Jim Whited (Director)	$19,525	$0	$0
Bruce Widmer (Asst Secretary/Treasurer)	$8,450	$0	$0
Kirk Dahl (Director (10/2014 12/2014))	$0	$0	$0

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990

Filed on Nov. 11, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$40,594,808

Expenses

$40,548,894

Net Income

$45,914

Net Assets

$18,708,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$40,486,422	99.7%
Investment Income	$42,629	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$65,325	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$432	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,074,719	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,375,689	5.9%

Assets/Debt
Total Assets	$49,522,133
Total Liabilities	$30,813,203
Net Assets	$18,708,930

Club or Co-Op Income
Income From Members	$40,914,577
Income From Other Sources	$114,224

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clay R Fitch (Ceo)	$200,666	$0	$152,590
Zane Peters (General Foreman)	$128,279	$0	$47,115
William R Welsh (Cfo)	$122,946	$0	$59,642
Edward Hatanpaa (Line Foreman)	$121,046	$0	$34,875
Michael P Cromie (Coo)	$120,410	$0	$110,675
William Collins (Line Foreman)	$115,283	$0	$77,423
Ryan Brodsho (Line Foreman)	$112,123	$0	$49,996
Kyle Murphy (Journeyman)	$111,762	$0	$34,616
Scott Egbert (President)	$47,993	$0	$0
Howard Wright (Director)	$36,269	$0	$0
Gerald Anderson (Director)	$35,859	$0	$0
Mary A Wright (Secretary/Treasurer)	$33,995	$0	$0
Lois Nannini (Director)	$32,411	$0	$0
Orlin Kidner (Director)	$29,366	$0	$0
D Vernon Dalton (Vice President)	$25,425	$0	$0
Fred Montes De Oca (Director)	$24,000	$0	$0
Jerry Parkin (Director (1/13 9/13))	$18,191	$0	$0
Bruce Widmer (Director)	$10,725	$0	$0
M Jonathan Dahl (Director (10/13 12/13))	$10,081	$0	$0
Jim Whited (Director (10/13 12/13))	$3,475	$0	$0

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990

Filed on Nov. 4, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$39,042,040

Expenses

$39,052,177

Net Income

-$10,137

Net Assets

$18,286,305

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$38,828,620	99.5%
Investment Income	$44,551	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$31,276	0.1%
Net Fundraising	$0
Sales of Assets	-$62,244
Net Inventory Sales	$0
Other Revenue	$199,837	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,034,445	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,157,135	5.5%

Assets/Debt
Total Assets	$47,840,745
Total Liabilities	$29,554,440
Net Assets	$18,286,305

Club or Co-Op Income
Income From Members	$38,969,771
Income From Other Sources	$278,496

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$36,208,406

Expenses

$36,143,419

Net Income

$64,987

Net Assets

$17,605,908

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$35,984,654	99.4%
Investment Income	$22,443	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$29,518	0.1%
Net Fundraising	$0
Sales of Assets	-$95,511
Net Inventory Sales	$0
Other Revenue	$267,302	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$959,198	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,492,318	6.9%

Assets/Debt
Total Assets	$48,028,794
Total Liabilities	$30,422,886
Net Assets	$17,605,908

Club or Co-Op Income
Income From Members	$35,924,333
Income From Other Sources	$382,780

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 »

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.

Updated December 2, 2024

Wells Rural Electric Co

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $45.3M (2022)

Expenses $45.3M (2022)

Total Assets $65.7M (2022)

Total Liabilities $37.4M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$45.3M (2022)

Expenses

$45.3M (2022)

Total Assets

$65.7M (2022)

Total Liabilities

$37.4M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004