2025-04-17T14:33:29-07:00 2024-12-31 990 2024-01-01 450172533 NODAK ELECTRIC COOPERATIVE INC NODA 7017464461 4000 32nd Ave S Grand Forks ND 58201 Nodak Electric Cooperative Inc Acctg and finance mgr 7017464461 2025-04-14 1 2024 2025-03-06 01:10:19Z Thomas Edwards 4000 32nd Ave S Grand Forks ND 58201 140044567 0 X www.nodakelectric.com X 1939 ND Rural Electric Cooperative serving 20,000+ accounts in Northeastern ND. 9 9 73 0 0 0 0 0 134448412 138126786 1067287 1051936 2118230 791863 137633929 139970585 0 0 3970602 3221599 0 0 0 0 0 131320541 135032461 135291143 138254060 2342786 1716525 171041522 177299391 100143341 104537723 70898181 72761668 Rural Electric Cooperative serving 20000+ accounts in Northeastern ND 0 0 117435287 139970585 Power cost expense to provide electricity to 20,000 accounts 5003680 139970585 Depreciation expense to provide electric service to 20,000 accounts 2307973 139970585 Interest expense to provide electric service to 20,000 accounts 13507120 139970585 Other program services to provide electric service to 20,000 accounts. 13507120 0 139970585 138254060 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 48 0 73 1 0 0 0 0 0 138126786 1843799 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 ND X Nodak Electric Cooperative Inc 7017464461 4000 32nd Ave S Grand Forks ND 58201 Mylo Einarson President/CEO 50 0 X 323112 0 90321 Tom Edwards Accounting and Finance Manager 40 0 X 160706 0 76628 Blaine Rekken Customer and Energy Services Manager 40 0 X 149752 0 73293 Dan Schaefer Line Superintendant 40 0 X 158279 0 63080 Cole Johnson Engineering Manager 40 0 X 135921 0 51947 David Brag Secretary Treasurer 4 0 X X 17400 0 0 Luther Meberg Chairman 12 0 X X 17400 0 0 Pete Naastad Director 4 0 X 15000 0 0 David Hagert Director 3 0 X 14250 0 0 Cheryl Osowski Director 10 0 X 13650 0 0 Steve Smaaladen Director 4 0 X 13200 0 0 Ryan Benson Director 17 0 X 12600 0 0 David Kent Director 10 0 X 12250 0 0 Les Windjue Vice Chairman 5 0 X X 12150 0 0 1055670 0 355269 5 0 1 0 North Plains Utility PO Box 299 Carrington ND 58421 Utility Contractor 744118 Arrow E Tree LLC 1006 Bremner Ave Bismarck ND 58503 Tree Contractor 341103 Ace Utility Services 228 2nd St Lamoure ND 58458 Utility Contractor 224820 Dakota Tree Service PO Box 195 Devils Lake ND 58301 Tree Contractor 113910 4 0 Electric Revenue 221122 137096575 137096575 0 0 AFB Revenue 900099 1030211 1030211 0 0 0 0 0 0 138126786 1051936 1051936 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 147005 73982 73023 73023 0 0 Other Capital Credits 221000 718840 718840 0 0 0 0 0 0 718840 139970585 139970585 0 0 0 0 0 0 0 0 3221599 3221599 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2307973 2307973 0 0 117435287 117435287 0 0 5003680 5003680 0 0 0 0 0 0 10285521 10285521 0 0 138254060 138254060 0 0 10047568 9170575 13863000 15171499 0 0 11435230 13667423 0 0 0 0 552231 472222 5373302 7339958 0 0 191743840 78192845 111823880 113550995 0 0 0 0 17561393 17570620 0 0 384918 356099 171041522 177299391 10212495 10831570 0 0 0 0 0 0 0 0 0 0 79526144 82263041 0 0 10404702 11443112 100143341 104537723 X 0 0 0 0 70898181 72761668 70898181 72761668 171041522 177299391 1716525 0 0 0 146962 0 X 1 X 1 X 1 0 0 1006979 1006979 0 5211740 3253625 1958115 0 0 0 0 0 0 0 0 0 185525121 74939220 110585901 113550995 Minnkota Power Cooperative 14255909 F Various Patronage Allocations 3314711 F 17570620 Customer Deposits 1297581 Accrued Taxes 2226291 Other Accrued Liabilities 682630 Deferred Credits 7236610 11443112 X 139970585 0 0 0 0 0 139970585 0 0 0 139970585 138254060 0 0 0 0 0 138254060 0 0 0 138254060 Schedule D, Part X, Line 1 Deferred credits consist of customer energy prepayments, settlement processed and customer advances for construction. Schedule D, Part X, Line 2 Other accrued liabilities consists of payroll related liability, accrued interest, accrued vacation and PTO. Schedule D, Part XI, Line 1 A $50,000 grant was received from The Alliance for Sustainable Energy. This grant was not classified as revenue and was used for cybersecurity updates to our network - which are capitalized assets for our corporation. 0 0 0 Mylo Einarson President/CEO 323112 0 0 0 0 0 67171 0 23150 0 413433 0 0 0 Cole Johnson Engineering Manager 135921 0 0 0 0 0 30329 0 21618 0 187868 0 0 0 Tom Edwards Accounting and Finance Manager 160706 0 0 0 0 0 54926 0 21702 0 237334 0 0 0 Blaine Rekken Customer and Energy Services Manager 149752 0 0 0 0 0 51522 0 21771 0 223045 0 0 0 Dan Schaefer Line Superintendant 158279 0 0 0 0 0 51504 0 11576 0 221359 0 0 0 Form 990, Part VI, Section A, Line 6 The cooperative has voting members Form 990, Part VI, Section A, Line 7a The cooperative currently has 15,291 voting members. Form 990, Part VI, Section A, Line 7b The members of the cooperative elect the governing body in the form of a director for each district; who serves a three year term. Form 990, Part VI, Section B, Line 11b A copy of the form 990 is made available to all directors. Questions are then answered concerning its completion. Form 990, Part VI, Section B, Line 12c Cooperative has a regular scheduled monthly meeting to review practices and policies along with an all member annual meeting. Form 990, Part VI, Section B, Line 15 NRECA salary survey used as a compensation tool. Form 990, Part VI, Section C, Line 19 Governing documents are available upon request, conflict of interest policies are reviewed annually and financial statements are provided on our annual report to the members. Nodak Electric Trust PO Box 13000 Grand Forks ND 58201 Charitable Trust ND 501C3 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 Nodak Electric Trust s 56288 Amount received through donations.