Vigilante Electric Cooperative Inc
- Assets
- $50.8m
- Revenue
- $17.3m
- Investments
- $1.6m
- Employees
- 26
- Location
- Dillon, MT
- Founding
- 03/1942
- Data as of
- 12/2022
- 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 12/2022, Vigilante Electric Cooperative Inc employed 26 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 12/2022, Vigilante Electric Cooperative Inc generated $17.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $16.3m during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRICAL SERVICES AND UTILITIES TO APPROXIMATELY 6,541 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 6,541 MEMBERS AND PATRONS LOCATED IN SOUTHWESTERN MONTANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Martinell Director | Trustee | 3.85 | $23,711 |
Andy Johnson Vice President | OfficerTrustee | 2.19 | $31,244 |
Colt High Director | Trustee | 2.5 | $16,388 |
Tom Helm Director | Trustee | 4.31 | $30,994 |
Norman E Tebay Director | Trustee | 2.67 | $21,040 |
Dean Hanson Director | Trustee | 3.1 | $31,994 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Western Line Builders Construction Plant | 12/30/22 | $1,237,414 |
National Information Solutions Cooperati Computer Information Services | 12/30/22 | $136,131 |
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 | $15,805,520 |
| Investment income | $147,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,108 |
| 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 | $17,268,406 |
| 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 | $761,539 |
| Compensation of current officers, directors, key employees. | $711,763 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,849 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,045 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,750 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $1,529 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,339 |
| Advertising and promotion | $5,323 |
| Office expenses | $31,684 |
| Information technology | $69,975 |
| 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 | $20,639 |
| Interest | $686,526 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,681,701 |
| Insurance | $15,622 |
| All other expenses | $1,043,687 |
| Total functional expenses | $16,335,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $297,612 |
| Savings and temporary cash investments | $10,800,110 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,394,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,660,710 |
| Prepaid expenses and deferred charges | $1,313 |
| Net Land, buildings, and equipment | $32,759,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,611,048 |
| Investments—program-related | $1,000,391 |
| Intangible assets | $0 |
| Other assets | $250,183 |
| Total assets | $50,775,311 |
| Accounts payable and accrued expenses | $792,249 |
| 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 | $24,544,838 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,135,210 |
| Total liabilities | $27,472,297 |
| 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 | $11,403,184 |
| Retained earnings, endowment, accumulated income, or other funds | $11,899,830 |
| Total liabilities and net assets/fund balances | $50,775,311 |