Mountrail-Williams Electric Cooperative Inc
- Assets
- $729.4m
- Revenue
- $319.6m
- Investments
- $500.0
- Employees
- 133
- Location
- Williston, ND
- Founding
- 09/1949
- Data as of
- 12/2021
- EIN
- 45-0216732
Organization Overview
Mountrail-Williams Electric Cooperative Inc is located in Williston, ND. The organization was established in 1949. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Mountrail-Williams Electric Cooperative Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountrail-Williams Electric 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 12/2021, Mountrail-Williams Electric Cooperative Inc generated $319.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $319.4m during the year ending 12/2021. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEET THE CHANGING NEEDS OF MEMBERS, PROVIDE EXCELLENT ELECTRIC SERVICE & IMPROVE THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 8,174 MEMBERS SERVICING 21,055 METERS AND 5,396 MILES OF LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale L Haugen General Manager | Officer | 44.8 | $1,012,927 |
Jay P Lux CFO | Officer | 44.2 | $216,566 |
Alexios Vournas COO | 47.9 | $207,096 | |
Jerry Rehak Special Projects Manager | 40.6 | $187,200 | |
Chris Brostuen Key Accounts Manager | 43.9 | $183,634 | |
Leah Jonson Ellis In-House Legal Counsel | 43 | $179,654 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anderson & Wood Construction Electric Substation & Transmission Const | 12/30/21 | $8,941,093 |
J Grubl Excavating Electric Distribution Construction | 12/30/21 | $6,015,671 |
Keller Construction Llc Electric Distribution Construction | 12/30/21 | $2,452,755 |
Jrg Power Llc Electric Distribution Construction | 12/30/21 | $973,199 |
Hdr Engineering Inc Electrical Engineering | 12/30/21 | $1,795,672 |
Financial Statements
| 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 | $319,287,161 |
| Investment income | $169,548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,280 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$79,555 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,591,434 |
| 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 | $37,037,026 |
| Compensation of current officers, directors, key employees. | $1,622,886 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $172,702 |
| Other salaries and wages | $12,608,513 |
| Pension plan accruals and contributions | $3,065,479 |
| Other employee benefits | $0 |
| Payroll taxes | $1,003,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,665,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,895,395 |
| Insurance | $0 |
| All other expenses | -$12,644,345 |
| Total functional expenses | $319,421,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,153,072 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,070,233 |
| Loans from Officers, Directors, or Controlling Persons | $345 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,192,905 |
| Prepaid expenses and deferred charges | $37,991,324 |
| Net Land, buildings, and equipment | $534,972,982 |
| Investments—publicly traded securities | $733,793 |
| Investments—other securities | $500 |
| Investments—program-related | $114,279,346 |
| Intangible assets | $0 |
| Other assets | $8,633 |
| Total assets | $729,403,133 |
| Accounts payable and accrued expenses | $26,296,914 |
| Grants payable | $0 |
| Deferred revenue | $12,820,595 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,452 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $350,472,891 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,239,066 |
| Total liabilities | $418,830,918 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $13,584,993 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $296,987,222 |
| Total liabilities and net assets/fund balances | $729,403,133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upper Missouri G & T Electric Cooperative Inc Sidney, MT | $346,340,988 | $649,145,791 |
Minnkota Power Cooperative Inc Grand Forks, ND | $1,140,468,068 | $406,680,982 |
Mckenzie Electric Cooperative Inc Watford City, ND | $422,129,232 | $371,972,199 |
Mountrail-Williams Electric Cooperative Inc Williston, ND | $729,403,133 | $319,591,434 |
East River Electric Power Cooperative Inc Madison, SD | $750,935,062 | $299,322,334 |
Dakota Electric Association Farmington, MN | $386,937,429 | $228,776,645 |
Central Power Electric Coop Inc Minot, ND | $419,743,548 | $167,780,988 |
Cass County Electric Cooperative Inc Fargo, ND | $311,989,434 | $149,157,181 |
Flathead Electric Cooperative Inc Kalispell, MT | $284,506,383 | $127,930,773 |
Nodak Electric Cooperative Inc Grand Forks, ND | $162,149,817 | $119,843,322 |
Wright-Hennepin Cooperative Electric Association Rockford, MN | $233,547,306 | $112,957,716 |
Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |