Hill County Electric Cooperative Inc
- Assets
- $40.8m
- Revenue
- $18.0m
- Investments
- $896.9k
- Employees
- 136
- Location
- Havre, MT
- Founding
- 05/1949
- Data as of
- 12/2021
- EIN
- 81-0218593
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 12/2021, Hill County Electric Cooperative Inc employed 136 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 12/2021, Hill County Electric Cooperative Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $18.0m during the year ending 12/2021. While expenses have increased by 3.7% 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 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 2,361 MEMBERS AND ADDED/REPLACED 11.67 MILES OF LINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Sands Vice President Of Electric | 40 | $161,026 | |
Craig Gates General Manager/ceo | Officer | 14 | $120,682 |
Russell Gregoire Electric Lineman | 40 | $113,730 | |
Mark Magelssen Electric Lineman | 40 | $105,528 | |
Joshua Pulse Electric Lineman | 40 | $105,073 | |
Jacob Ingram Journeyman Lineman | 40 | $103,825 |
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 | $17,587,637 |
| Investment income | $59,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $419,373 |
| 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 | -$32,734 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,033,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,815 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,340,357 |
| Compensation of current officers, directors, key employees. | $298,220 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,149,004 |
| Pension plan accruals and contributions | $441,654 |
| Other employee benefits | $0 |
| Payroll taxes | $174,329 |
| 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 | $452,674 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,515,845 |
| Insurance | $0 |
| All other expenses | -$1,908,644 |
| Total functional expenses | $18,033,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,351,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,892,402 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $636,652 |
| Inventories for sale or use | $681,670 |
| Prepaid expenses and deferred charges | $278,235 |
| Net Land, buildings, and equipment | $30,431,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $896,935 |
| Investments—program-related | $639,037 |
| Intangible assets | $0 |
| Other assets | $7,157 |
| Total assets | $40,815,029 |
| Accounts payable and accrued expenses | $3,264,921 |
| 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 | $17,656,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,478 |
| Total liabilities | $21,087,770 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $19,727,259 |
| Total liabilities and net assets/fund balances | $40,815,029 |
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 |