Sun River Electric Cooperative Inc
- Assets
- $36.6m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Fairfield, MT
- Founding
- 08/1943
- Data as of
- 12/2021
- EIN
- 81-0199536
Organization Overview
Sun River Electric Cooperative Inc is located in Fairfield, MT. The organization was established in 1943. 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, Sun River Electric Cooperative Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun River 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, Sun River Electric Cooperative Inc generated $12.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $12.9m 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
ELECTRIC SERVICE TO OWNER-MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL UTILITIES TO ITS MEMBERS LOCATED IN THE WEST-CENTRAL PORTION OF MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Bauman CEO | Officer | 56 | $157,080 |
Robert Anderson Manager Of Operations | 56 | $125,515 | |
Joseph Irvin Line Foreman | 42 | $107,586 | |
Mike Faith Meterman | 42 | $106,099 | |
Trey Caffyn Line Foreman | 42 | $105,510 | |
Scott Schlosser Lineman | 42 | $104,350 |
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 | $12,111,113 |
| Investment income | $47,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $12,939,289 |
| 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 | $1,817,117 |
| Compensation of current officers, directors, key employees. | $396,902 |
| Compensation of current officers, directors, key employees. | $396,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,281 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,788 |
| Fees for services: Accounting | $10,260 |
| 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 | $121,806 |
| 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 | $403,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,488,201 |
| Insurance | $0 |
| All other expenses | $1,023,493 |
| Total functional expenses | $12,939,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,213,754 |
| Savings and temporary cash investments | $563,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,495,480 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $783,860 |
| Prepaid expenses and deferred charges | $399,605 |
| Net Land, buildings, and equipment | $27,787,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,374,354 |
| Total assets | $36,618,375 |
| Accounts payable and accrued expenses | $1,738,918 |
| 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 | $12,317,570 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $289,172 |
| Total liabilities | $14,345,660 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,490,260 |
| Retained earnings, endowment, accumulated income, or other funds | $19,782,445 |
| Total liabilities and net assets/fund balances | $36,618,375 |
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 |