Southern Montana Electric G & T Cooperative Inc is located in Billings, MT. As of 12/2016, Southern Montana Electric G & T Cooperative Inc employed 3 individuals. Southern Montana Electric G & T Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2016, Southern Montana Electric G & T Cooperative Inc generated $21.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $16.3m during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRICAL POWER TO FOUR RURAL ELECTRIC UTILITY COOPERATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRICAL POWER TO THREE RURAL ELECTRIC UTILITY COOPERATIVES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Troy Dahlgren Power Scheduler/engineer Until June | 40 | $129,756 | |
Scott Sweeney General Manager | Officer | 10 | $24,000 |
David Dover President | OfficerTrustee | 5 | $0 |
Deedee Isaacs Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Jim Decock Vice President | OfficerTrustee | 4 | $0 |
Lee Howard Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Bingham Mccutchen Llp Legal Fees | 12/30/14 | $941,729 |
Alvarez And Marsal Financial Advisor Fees | 12/30/14 | $803,159 |
Mcguirewoods Llp Legal Fees | 12/30/14 | $354,109 |
Horowitz And Burnett Pc Legal Fees | 12/30/14 | $245,473 |
Goodrich Law Firm Pc Legal Fees | 12/30/14 | $199,713 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $21,642,516 |
Investment income | $38 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$7,591 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $21,696,842 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $24,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $228,778 |
Pension plan accruals and contributions | $3,960 |
Other employee benefits | $65,403 |
Payroll taxes | $18,887 |
Fees for services: Management | $0 |
Fees for services: Legal | $172,044 |
Fees for services: Accounting | $26,350 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $15,148 |
Advertising and promotion | $0 |
Office expenses | $8,367 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $23,340 |
Travel | $5,052 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,351 |
Insurance | $7,983 |
All other expenses | $280,554 |
Total functional expenses | $16,250,474 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $827,075 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,179,617 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $54,085 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $7,700 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,068,477 |
Accounts payable and accrued expenses | $1,531,470 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,531,470 |
Unrestricted restricted net Assets | $0 |
Temporarily restricted net Assets | $0 |
Permanently restricted net Assets or current funds | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total net assets or fund balances | $1,537,007 |
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