2022-09-15T10:18:35-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2021-01-01 840294734 POUDRE VALLEY REA INC POUD 9702261234 7649 REA PARKWAY FORT COLLINS CO 80528 JEFFREY WADSWORTH PRESIDENT & CEO 9702261234 2022-09-08 1 JEFFREY WADSWORTH 999009999 KATHERINE LUTZKE CPA P01760889 5072802300 2022-09-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JEFFREY WADSWORTH 7649 REA PARKWAY FORT COLLINS CO 80528 140582834 0 X WWW.PVREA.COOP X 1939 CO COMMITTED TO PROVIDING SAFE, RELIABLE, EFFICIENT ENERGY SOLUTIONS TO OUR MEMBERS. 9 9 100 0 0 0 0 0 138435613 140457475 182447 125359 0 0 138618060 140582834 0 0 3741409 4072145 9330309 9621327 0 0 0 123383399 124338773 136455117 138032245 2162943 2550589 294330752 298239792 161036727 162410119 133294025 135829673 WE ARE COMMITTED TO PROVIDING SAFE, RELIABLE, EFFICIENT ENERGY SOLUTIONS WITH EXCEPTIONAL SERVICE TO OUR MEMBERS. 0 0 SOLD ELECTRICITY TO RURAL MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 1 219 0 1 100 1 0 0 0 0 0 136594516 3988317 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 X AMY MAHON 9702261234 7649 REA PARKWAY FORT COLLINS CO 80528 STEVE ANDERSON DIRECTOR, CHAIR 5.00 0.00 X X 19683 0 0 RICK JOHNSON DIRECTOR, VICE CHAIR 8.00 0.00 X X 26883 0 0 JIM FENDER DIRECTOR THRU 4/1/2022 10.00 0.00 X 5433 0 0 JAN PETERSON DIRECTOR 5.00 0.00 X 20933 0 0 BRYAN EHRLICH DIRECTOR 7.00 0.00 X 22583 0 0 PETER HYLAND DIRECTOR, SECRETARY 5.00 0.00 X X 19083 0 0 THAINE MICHIE DIRECTOR 5.00 0.00 X 18783 0 0 JACK SCHNEIDER DIRECTOR 4.00 0.00 X 24633 0 0 RON SUTHERLAND DIRECTOR 6.00 0.00 X 14983 0 0 SHERYL DRYER HENDERSON DIRECTOR 4.00 0.00 X 13700 0 0 JEFFREY C WADSWORTH PRESIDENT & CEO 50.00 0.00 X 437856 0 145431 LISA E WRIGHT VP & CFO 50.00 0.00 X 221788 0 125124 JOSHUA A NOEL VP & IT/STRATEGY 50.00 0.00 X 219648 0 90552 JOHN BOWERFIND VP & COO 50.00 0.00 X 219365 0 106229 AMY TAHHAN VP & MEMBER AND GOVERNMENT RELATIONS THRU 11/2021 50.00 0.00 X 196441 0 108239 BENJAMIN JAMES LUDINGTON MR VP & SAFETY/HUMAN RESOURCES 50.00 0.00 X 157680 0 87931 TROY EVERETT RICHTER ENGINEERING DIRECTOR 50.00 0.00 X 154759 0 76455 1794234 0 739961 41 0 1 0 FOOTHILLS ENERGY SERVICES INC PO BOX 603 FRANKTOWN CO 80116 UTILITY CONTRACTOR 7976468 MASTEC NORTH AMERICA INC 700 COMMERCE DRIVE SUITE 235 WOODBURY MN 55125 INFRASTRUCTURE CONTRACTOR 1395101 WARREN SCOTT CUMINGS 37035 SOARING EAGLE CIRCLE SEVERANCE CO 80550 INSTALLATION CONTRACTOR 824700 FOOTHILLS TREE EXPERTS INC 3600 CANADIAN PARKWAY FORT COLLINS CO 80524 TREE TRIMMING CONTRACTOR 761960 PRIMO UTILITY LOCATING SERVICES PO BOX 661 WINDSOR CO 80550 UTILITY LOCATING SERVICE 571900 22 SALE OF ELECTRICITY 221000 136594516 136594516 CAPITAL CREDITS 221000 3162429 3162429 CONNECTIONS REVENUE 221000 263850 263850 POLE RENTAL REVENUE 221000 209247 209247 LATE FEES 221000 206134 206134 21299 21299 140457475 108714 108714 16645 0 16645 16645 16645 140582834 140457475 0 125359 4072145 1116899 8504428 218068 3274846 7213516 COST OF POWER 104376712 DISTRIBUTION - OPS 3516556 OTHER DEDUCTIONS 2175247 CONSUMER ACCOUNTS 1799103 1764725 138032245 1069373 2566718 14556281 15664009 2385027 2482620 523017 742423 253295001 69825193 182144201 183469808 92150775 92121473 1502078 1192741 294330752 298239792 15608350 15421216 121727347 123542885 23701030 23446018 161036727 162410119 X 0 0 0 0 133294025 135829673 133294025 135829673 294330752 298239792 X 2550589 -14941 X X 0 1 X 1 1 1 COLORADO ADVOCATES FOR RURAL ELECTRIFICATION 5400 WASHINGTON STREET DENVER CO 80216 743106451 2267420 2267420 8857541 4191705 4665836 217340703 53823732 163516971 24829337 11809756 13019581 183469808 TRI STATE G&T - PATRONAGE CAPITAL 83679739 C WESTERN UNITED - PATRONAGE CAPITAL 4191053 C NRUCFC - PATRONAGE CAPITAL 957839 C FEDERATED R/E INSURANCE - PATRONAGE CAPITAL 375513 C OTHER INVESTMENTS IN ASSOCIATED ORGS 517674 C OTHER INVESTMENTS 225375 C SUBORDINATED CERTIFICATES 2174280 C 92121473 POWER COST REVENUE DEFERRAL - CUMULATIVE 17800000 ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS 3860571 OTHER DEFERRED CREDITS 1114246 CUSTOMERS' PREPAYMENTS 671201 23446018 X PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)12 OF THE INTERNAL REVENUE CODE (IRC). THE ASSOCIATION HAS A LETTER OF EXEMPTION FROM FEDERAL INCOME TAX, ISSUED BY THE INTERNAL REVENUE SERVICE (IRS). AN EVALUATION OF WHETHER OR NOT THE ASSOCIATION AND THE SUBSIDIARY HAVE ANY UNCERTAIN TAX POSITIONS IS DETERMINED ON AN ANNUAL BASIS. WHILE THE ASSOCIATION AND SUBSIDIARY BELIEVE THEY HAVE ADEQUATELY PROVIDED FOR ALL TAX POSITIONS AND BELIEVE THAT THEY HAVE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY BOTH ENTITIES. X X X X 0 0 0 JEFFREY C WADSWORTH PRESIDENT & CEO 356487 0 60000 0 21369 0 113952 0 31479 0 583287 0 0 0 LISA E WRIGHT VP & CFO 202133 0 9703 0 9952 0 98578 0 26546 0 346912 0 0 0 JOHN BOWERFIND VP & COO 196758 0 9703 0 12904 0 74572 0 31657 0 325594 0 0 0 JOSHUA A NOEL VP & IT/STRATEGY 195330 0 17224 0 7094 0 58619 0 31933 0 310200 0 0 0 AMY TAHHAN VP & MEMBER AND GOVERNMENT RELATIONS 184398 0 9716 0 2327 0 72583 0 35656 0 304680 0 0 0 BENJAMIN JAMES LUDINGTON MR VP & SAFETY/HUMAN RESOURCES 135965 0 12216 0 9499 0 49288 0 38643 0 245611 0 0 0 TROY EVERETT RICHTER ENGINEERING DIRECTOR 146886 0 6695 0 1178 0 42225 0 34230 0 231214 0 0 0 TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION INC COMMON BOARD MEMBER 101256471 PURCH PWR 0 WESTERN UNITED ELECTRIC SUPPLY CORPORATION COMMON BOARD MEMBER 10962840 MAT PURCH 0 COLORADO RURAL ELECTRIC ASSOCIATION COMMON BOARD MEMBER 295568 MBR SERV 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION IS A MEMBER OWNED COOPERATIVE AND HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD CONSISTS OF NINE DIRECTORS WHO ARE ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE GOVERNING BODY DID NOT DELEGATE BROAD AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE OR SIMILAR COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. THE RETURN IS THEN REVIEWED BY THE MANAGEMENT TEAM PRIOR TO FILING. BOARD MEMBERS HAVE ACCESS TO REVIEW THE FORM AFTER FILING, UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS ALL EMPLOYEES AND DIRECTORS OF THE BOARD. THE GENERAL RULE IS THAT EMPLOYEES AND DIRECTORS OF THE BOARD OF THE ASSOCIATION ARE OBLIGATED TO AVOID AND DISCLOSE ETHICAL, LEGAL, FINANCIAL, OR OTHER CONFLICTS OF INTEREST INVOLVING PROCUREMENT AND CONTRACT ADMINISTRATION FOR THE ASSOCIATION, AND REMOVE THEMSELVES FROM A POSITION OF DECISIONMAKING AUTHORITY WITH RESPECT TO ANY PROCUREMENT OR CONTRACT ADMINISTRATION CONFLICT SITUATION. ALL POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED BY THE PRESIDENT AND CEO. POTENTIAL CONFLICTS OF INTEREST WITH THE PRESIDENT AND CEO, OR A DIRECTOR OF THE BOARD ARE REVIEWED BY THE ASSOCIATION'S CORPORATE ATTORNEY. IF AN EMPLOYEE OR DIRECTOR OF THE BOARD IS DETERMINED TO HAVE A REAL OR APPARENT CONFLICT OF INTEREST, THE ASSOCIATION WILL DISQUALIFY THE EMPLOYEE OR DIRECTOR FROM ACTING ON ANY PROCUREMENT OR CONTRACT ADMINISTRATION MATTER OR PARTICIPATING IN ANY PROCUREMENT OR CONTRACT ADMINISTRATION DECISION(S) THAT COULD BE IMPACTED BY THE CONFLICT. ANY CONFLICTS OF INTERESTS AND RELATED RESOLUTIONS AND ACTIONS AT THE BOARD LEVEL WILL BE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION IS THE SAME FOR TOP MANAGMENT OFFICIALS, OFFICERS, AND HIGHLY COMPENSATED INDIVIDUALS. DATA IS COLLECTED AND REVIEWED FROM THE FOLLOWING SURVEYS: NRECA NATIONAL COMPENSATION SURVEY, ECONOMIC RESEARCH INSTITUTE'S SALARY SURVEY, EMPLOYER'S COUNCIL STATE SALARY SURVEY, AND ELECO SOLUTIONS A THIRD PARTY CONSULTANT IS RETAINED TO PREPARE AN ANALYSIS AND WORK WITH POUDRE VALLEY REA'S SENIOR MANAGEMENT TEAM TO RECOMMEND THE COMPENSATION PLAN FOR BOARD APPROVAL. THIS PROCESS LAST OCCURRED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON WEBSITE OR UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER EQUITIES -14,941. FORM 990, PART XII, LINE 2C THE PROCESS FOR SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. POUDRE VALLEY ASSOCIATED SERVICES INC PO BOX 272550 FORT COLLINS CO 80528 841079476 SOLAR FARM CO POUDRE VALLEY REA INC C 223475 1907434 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 POUDRE VALLEY ASSOCIATED SERVICES D 267102 BOOK AMT POUDRE VALLEY ASSOCIATED SERVICES M 223475 INVOICED AMT