Barron Electric Cooperative FY2020 filing

Not tax-deductible

Barron, WIMutual-benefit / member-servingSince 1937Mutual / membership EIN 39-0150875Revenue $38.5M in FY2020Latest return filed May 7, 2026

On file with the IRSbarronelectric.comBarron, WITax-exempt since Dec 1937

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Barron Electric Cooperative is a member-owned business that safely provides energy, products, and services to improve the quality of life in the area we serve.

$607K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average deficit $0 a year · under 1% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$607K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $18.8M in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $18.8M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$41.5M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38.5M
Spent
$38.5M
Net assets
$39.6M
By yearFY2020–FY2025
Revenue
$38.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$38.5M
FY2021$40.8M
FY2022$40.9M
FY2023$42.9M
FY2024$43.6M
FY2025$47.3M
Expenses
$38.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$38.5M
FY2021$40.8M
FY2022$40.9M
FY2023$42.9M
FY2024$43.6M
FY2025$47.3M
Net assets
$39.6M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$39.6M
FY2021$43.9M
FY2022$44.5M
FY2023$46.8M
FY2024$49.5M
FY2025$53.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1937.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

14 people listed on the 990; $607K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$199,187Pt VII · Sec A
Line Superintendent
$111,834Pt VII · Sec A
Director of Operations
$103,394Pt VII · Sec A
Director of Finance
$100,997Pt VII · Sec A
President
$14,060Pt VII · Sec A
$10,629Pt VII · Sec A
Director
$10,320Pt VII · Sec A
$10,101Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Aaron Torud$202,664$193,303$183,151$174,761$67,544—
Dallas Sloan————$87,115$199,187
Logan Sanborn$140,092—————
Trenton Thole$133,278—————
Nathan Steines$130,751$127,235$120,733$114,282$109,168—
Timothy Engel$127,797$128,906$121,128———
Jeffrey Nelson—$127,526$122,698$118,500$115,019$111,834
Mandy Straw$126,015$121,141$114,841$109,792$105,648$100,997

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Barron Electric Cooperative executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supplies reliable electricity and services to members through cooperative principles.

Questions for Barron Electric Cooperative

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Your first name shows with your question. Barron Electric Cooperative answers here, for everyone.

1 program · in their own filed words · FY2020
01

The cooperative sold 325,103,181 KWH of electricity to members during 2020. In connection with the cooperative's mission, the cooperative continues to provide reliable, competitively priced energy and related services to customers on a not-for-profit basis and maximum values to members consistent with the wise use of resources and…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2020 · $954K federal money spent
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Through State of Wisconsin Dept of Military Affairs, Div of Emergency Mgmt$954K

The auditor reported no findings.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$38.5M
Ln 12
Fees for servicesLn 2g$37.2M
Other incomeLn 4–11$1.2M
Investment incomeLn 3$39K
Money outPt IX
$38.5M
Ln 25
Owns and owesPt X
$39.6M
net assets · Ln 32
Cash and savingsLn 1–2$211K
Total assetsLn 16$81.1M
LiabilitiesLn 26$41.5M
PeoplePt VI, VII
14
listed · VII A
PaidVII A14
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$37.2M
Investment incomeLn 3$39K
Other incomeLn 4–11$1.2M
Gains on assetsLn 7$5K
Total revenueLn 12$38.5M
Assets in detailPt X, end of year
CashLn 1$210K
SavingsLn 2$531
Cash and savings togetherLn 1–2$211K
Accounts receivableLn 4$3.0M
Notes and loans receivableLn 7$229K
Inventories for sale or useLn 8$401K
Prepaid expenses and deferred chargesLn 9$166K
Land, buildings, equipmentLn 10c$57.6M
InvestmentsLn 11–13$18.8M
Other assetsLn 15$644K
Total assetsLn 16$81.1M
LiabilitiesLn 26$41.5M
Net assetsLn 32$39.6M
OperationsPt I, VI
EmployeesI 546
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$243K$211K
InvestmentsLn 11–13$18.6M$18.8M
Land, buildings, equipmentLn 10c$55.3M$57.6M
Total assetsLn 16$79.8M$81.1M
LiabilitiesLn 26$40.9M$41.5M
Net assetsLn 32$38.9M$39.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$2.0M
Pay of current officers, directors and key staffLn 5$393K
InterestLn 20$1.4M
Depreciation, depletion and amortizationLn 22$3.2M
Other expenses (24a–d)Ln 24$30.3M
All other expensesLn 24e$1.2M
Total functional expensesLn 25$38.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 7, 2026 $47.3M$47.3M$0$53.3M 990 PDF
FY2024Filed with the IRS May 9, 2025 $43.6M$43.6M$0$49.5M 990 PDF
FY2023Filed with the IRS Apr 23, 2024 $42.9M$42.9M$0$46.8M 990 PDF
FY2022Filed with the IRS Sep 25, 2023 $40.9M$40.9M$0$44.5M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $40.8M$40.8M$0$43.9M 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $38.5M$38.5M−$2$39.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $38,460,149 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $39,225,240$37,175,128
I-10 Investment incomePrior year $39,854$39,112
I-11 Other revenuePrior year $1,213,748$1,245,909
I-12 Total revenuePrior year $40,478,842$38,460,149
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $2,436,232$1,979,251
I-15 Salaries and benefitsPrior year $441,924$393,005
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $37,600,686$36,087,895
I-18 Total expensesPrior year $40,478,842$38,460,151
I-19 Revenue less expensesPrior year $0−$2
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $38,460,149 across 6 lines filed
Lines not itemized here account for $1,626 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $37,175,128$37,175,128
VIII-3 Investment incomeExcluded from tax $33,962$33,962
VIII-6 Net rental income or lossExcluded from tax $27,307$27,307
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,150$5,150
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,216,976$1,216,976
VIII-12 Total revenueRelated to mission $38,392,104 · Unrelated business $1,626 · Excluded from tax $66,419$38,460,149
Part IX · Statement of functional expenses $38,460,151 across 6 lines filed
IX-4 Benefits paid to or for members$1,979,251
IX-5 Pay of current officers, directors and key staff$393,005
IX-20 Interest$1,390,631
IX-22 Depreciation, depletion and amortization$3,175,322
IX-24 Other expenses (24a–d)$30,292,597
IX-24e All other expenses$1,229,345
IX-25 Total functional expenses$38,460,151
Part X · Balance sheet $81,123,237 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $242,556$210,289
X-2 Savings and temporary cash investmentsStart of year $785$531
X-4 Accounts receivableStart of year $4,044,947$3,022,965
X-7 Notes and loans receivableStart of year $385,014$229,352
X-8 Inventories for sale or useStart of year $286,678$401,071
X-9 Prepaid expenses and deferred chargesStart of year $172,864$165,533
X-10c Land, buildings and equipment, netStart of year $55,334,226$57,621,262
X-13 Program-related investmentsStart of year $18,640,659$18,828,444
X-15 Other assetsStart of year $721,849$643,790
X-16 Total assetsStart of year $79,829,578$81,123,237
X-17 Accounts payable and accrued expensesStart of year $2,673,005$2,498,880
X-23 Secured mortgages and notes payableStart of year $34,302,197$35,170,720
X-25 Other liabilitiesStart of year $3,921,416$3,823,518
X-26 Total liabilitiesStart of year $40,896,618$41,493,118
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $38,932,960$39,630,119
X-32 Total net assets or fund balancesStart of year $38,932,960$39,630,119
X-33 Total liabilities and net assetsStart of year $79,829,578$81,123,237
Part XI · Reconciliation of net assets $39,630,119 net assets at year end
XI-1 Total revenue$38,460,149
XI-2 Total expenses$38,460,151
XI-3 Revenue less expenses−$2
XI-4 Net assets at start of year$38,932,960
XI-9 Other changes in net assets$697,161
XI-10 Net assets at end of year$39,630,119

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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