Vigilante Electric Cooperative Inc
- Assets
- $51.8m
- Revenue
- $15.8m
- Investments
- $1.4m
- Employees
- 24
- Location
- Dillon, MT
- Founding
- 03/1942
- Data as of
- 12/2021
- EIN
- 81-0152585
Organization Overview
Vigilante Electric Cooperative Inc is located in Dillon, MT. The organization was established in 1942. 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, Vigilante Electric Cooperative Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vigilante 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, Vigilante Electric Cooperative Inc generated $15.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $15.0m during the year ending 12/2021. While expenses have increased by 2.7% 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
TO PROVIDE ELECTRICAL SERVICES AND UTILITIES TO APPROXIMATELY 6,084 MEMBERS AND PATRONS LOCATED IN THE SOUTHWESTERN PORTION OF MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE ACTIVITES ARE DIRECTLY RELATED TO THE TRANSMISSION AND DISTRIBUTION OF ELECTRICAL SERVICES AND UTILITIES TO APPROXIMATELY 6,348 MEMBERS AND PATRONS LOCATED IN SOUTHWESTERN MONTANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rollie Miller General Manager | Officer | 40 | $200,787 |
John J Moos Lineman | 40 | $125,940 | |
Justin H Bair Line Superintendent | 40 | $122,871 | |
Gary Ferris Manager Of Engineering | 40 | $122,313 | |
Charles Romerio Lineman | 40 | $116,533 | |
Charles D Wharton Lineman | 40 | $115,574 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Information Solutions Cooperati Computer Information Services | 12/30/21 | $144,764 |
Western Line Builders Construction Plant | 12/30/21 | $1,366,011 |
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 | $14,785,233 |
| Investment income | $85,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,467 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,835,191 |
| 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 | $787,379 |
| Compensation of current officers, directors, key employees. | $706,545 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,379 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,466 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $1,474 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,978 |
| Advertising and promotion | $5,330 |
| Office expenses | $33,225 |
| Information technology | $64,134 |
| 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 | $17,622 |
| Interest | $663,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,644,271 |
| Insurance | $15,180 |
| All other expenses | $1,050,216 |
| Total functional expenses | $14,973,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,939 |
| Savings and temporary cash investments | $14,793,907 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783,487 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,083,663 |
| Prepaid expenses and deferred charges | $1,025 |
| Net Land, buildings, and equipment | $31,247,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,361,048 |
| Investments—program-related | $986,838 |
| Intangible assets | $0 |
| Other assets | $286,720 |
| Total assets | $51,763,273 |
| Accounts payable and accrued expenses | $1,127,425 |
| 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 | $25,580,497 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,685,501 |
| Total liabilities | $29,393,423 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $10,737,530 |
| Retained earnings, endowment, accumulated income, or other funds | $11,632,320 |
| Total liabilities and net assets/fund balances | $51,763,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Electric Cooperative Inc Bismarck, ND | $133,692,620 | $42,124,624 |
Northern Plains Electric Cooperative Carrington, ND | $137,367,234 | $41,884,973 |
West River Electric Association Inc Wall, SD | $136,764,788 | $38,874,089 |
Yellowstone Valley Electric Cooperative Inc Huntley, MT | $80,881,351 | $39,379,515 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Northern Electric Cooperative Incorporated Bath, SD | $94,862,392 | $30,596,748 |
Lower Yellowstone Rural Electric Association Inc Sidney, MT | $85,844,658 | $30,782,801 |
Slope Electric Cooperative Inc New England, ND | $117,902,274 | $28,340,971 |
Dakota Energy Cooperative Inc Huron, SD | $57,340,254 | $26,541,158 |
Fergus Electric Cooperative Inc Lewistown, MT | $53,583,115 | $31,455,586 |
North Central Electric Cooperative Inc Bottineau, ND | $91,530,446 | $24,381,675 |
Missoula Electric Cooperative Inc Missoula, MT | $70,319,487 | $24,430,918 |