Salmon River Electric Cooperative Inc
- Assets
- $21.5m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Challis, ID
- Founding
- 08/1955
- Data as of
- 12/2022
- EIN
- 82-0205289
Organization Overview
Salmon River Electric Cooperative Inc is located in Challis, ID. The organization was established in 1955. 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, Salmon River Electric Cooperative Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salmon 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 12/2022, Salmon River Electric Cooperative Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $7.2m during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 6 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
PROVIDE ELECTRIC DISTRIBUTION AND TRANSMISSION SERVICES TO ITS MEMBERS IN PARTS OF CUSTER, BLAINE, AND LEMHI COUNTIES IN IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PURCHASES AND PROVIDES ELECTRIC ENERGY TO ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Dizes General Manager | Officer | 41 | $205,201 |
Dennis Swindell Operations Manager | 45 | $123,441 | |
Kip Erickson Line Foreman | 43 | $111,301 | |
Joseph Runnels Journeyman Lineman | 44 | $108,055 | |
Jamie Kestler Journeyman Lineman | 44 | $109,053 | |
Steve Sidlo Director Of Finance | Officer | 42 | $98,683 |
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 | $7,169,194 |
| Investment income | $248,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,000 |
| Net Gain/Loss on Asset Sales | $20,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,462,144 |
| 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 | $342,718 |
| Compensation of current officers, directors, key employees. | $492,851 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $971,353 |
| Pension plan accruals and contributions | $261,375 |
| Other employee benefits | $130,512 |
| Payroll taxes | $95,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $805 |
| Fees for services: Accounting | $9,500 |
| 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 | $3,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,314 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $300,759 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $715,761 |
| Insurance | $33,751 |
| All other expenses | -$1,517,705 |
| Total functional expenses | $7,193,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $739,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $698,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,424,821 |
| Inventories for sale or use | $668,445 |
| Prepaid expenses and deferred charges | $37,982 |
| Net Land, buildings, and equipment | $12,792,640 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,141,542 |
| Total assets | $21,503,931 |
| Accounts payable and accrued expenses | $280,132 |
| 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 | $7,601,135 |
| Unsecured mortgages and notes payable | $400,000 |
| Other liabilities | $446,105 |
| Total liabilities | $8,727,372 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $21,930 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,513,904 |
| Retained earnings, endowment, accumulated income, or other funds | $6,240,725 |
| Total liabilities and net assets/fund balances | $21,503,931 |