Raft River Rural Electric Cooperative Inc

Organization Overview

Raft River Rural Electric Cooperative Inc is located in Malta, ID. The organization was established in 1965. 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, Raft River Rural Electric Cooperative Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raft River Rural 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, Raft River Rural Electric Cooperative Inc generated $21.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $20.9m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 4 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE LIVES OF OUR MEMBERS AND COMMUNITIES BY PROVIDING SAFE, RELIABLE, COST-EFFECTIVE ENERGY AND EXCEPTIONAL MEMBER SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOPERATIVE PURCHASES AND PROVIDES ELECTRIC ENERGY TO ITS MEMBERS.


THE COOPERATIVE PURCHASES AND PROVIDES ELECTRIC ENERGY TO ITS MEMBERS.


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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$20,897,399
Investment income $46,270
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $111,031
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $21,069,285

Peer Organizations

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Midstate Electric Cooperative Inc
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Fall River Rural Electric Cooperative Inc
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$38,331,466
Columbia Rural Electric Association Inc
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$37,725,658
Orcas Power & Light Cooperative
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Lower Yellowstone Rural Electric Association Inc
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$35,074,052
Salem Electric
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Garkane Energy Cooperative Inc
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$30,678,665
Lane Electric Cooperative Inc
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Peak Reliability
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$48,178
Missoula Electric Cooperative Inc
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$26,435,058
Fergus Electric Cooperative Inc
Lewistown, MT
$29,316,943
Clearwater Power Company
Lewiston, ID
$24,119,097
United Electric Co-Op Inc
Heyburn, ID
$22,126,425
Raft River Rural Electric Cooperative Inc
Malta, ID
$21,069,285
Douglas Electric Cooperative Inc
Roseburg, OR
$24,661,438
Elmhurst Mutual Power And Light Co
Tacoma, WA
$21,496,208
Hill County Electric Cooperative Inc
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$18,980,007
Ravalli County Electric Cooperative Inc
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$18,569,745

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