Hill County Electric Cooperative Inc

Organization Overview

Hill County Electric Cooperative Inc is located in Havre, MT. 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 12/2023, Hill County Electric Cooperative Inc employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hill County 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 12/2023, Hill County Electric Cooperative Inc generated $19.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $19.0m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELECTRICITY TO RURAL AREAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HILL COUNTY ELECTRIC PROVIDES OUR MEMBERS AND CUSTOMERS WITH HIGH QUALITY, RELIABLE AND SAFE ELECTRIC SERVICES, AND ASSOCIATED PRODUCTS AT COMPETITIVE PRICES, NOW AND IN THE FUTURE. USING ADVANCED TECHNOLOGY WHEN AVAILABLE AND COST-EFFECTIVE, WE STRIVE TO EXCEED THE EXPECTATIONS OF OUR CUSTOMERS BY GIVING UNCOMPROMISING CUSTOMER SERVICE BASED ON CORE PRINCIPLES OF COOPERATION, MUTUAL RESPECT, AND APPRECIATION FOR THEIR PATRONAGE. HCE PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,362 MEMBERS AND ADDED/REPLACED 10.3 MILES OF LINE.


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Board, Officers & Key Employees

Name (title)Compensation
Shane Barrett
President
$15,125
Leslie Smith
Secretary/treasurer
$18,033
Nick Siebrasse
Vice President
$19,931
Gerald Rutledge
Trustee
$16,925
Trevor Standing Rock
Trustee
$14,875
Craig Gates
General Manager/ceo
$139,017

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$18,236,530
Investment income $155,504
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $539,733
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 $48,240
Miscellaneous Revenue$0
Total Revenue $18,980,007

Peer Organizations

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Raft River Rural Electric Cooperative Inc
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Lewis And Clark Rural Water System Inc
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Lake Region Electric Association Inc
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Hill County Electric Cooperative Inc
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$18,980,007
Ravalli County Electric Cooperative Inc
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$18,569,745
Wheatland Rural Electric Association
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West Central Electric Cooperative Incorporated
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Mclean Electric Cooperative Inc
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