Big Horn Rural Electric Company
- Assets
- $41.3m
- Revenue
- $16.4m
- Investments
- $226.1k
- Employees
- 16
- Location
- Basin, WY
- Founding
- 01/1938
- Data as of
- 12/2023
- EIN
- 83-0105430
Organization Overview
Big Horn Rural Electric Company is located in Basin, WY. The organization was established in 1938. 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, Big Horn Rural Electric Company employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Horn Rural Electric Company 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, Big Horn Rural Electric Company generated $16.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $16.1m during the year ending 12/2023. While expenses have increased by 1.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BIG HORN RURAL ELECTRIC COMPANY EXISTS TO ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS BY PROVIDING SAFE, RELIABLE AND COMPETITIVELY PRICED ELECTRICITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF ELECTRIC ENERGY TO RURAL CUSTOMERS IN SPARSELY POPULATED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Umphlett General Manager | Officer | 40 | $192,230 |
Joseph T Herman Lineman | 45 | $134,382 | |
Clinton Getzfreid Line Foreman | 47 | $127,158 | |
Russell Burden Lineman | 44 | $111,310 | |
Gregory Tharp Lineman | 45 | $105,035 | |
Anthony Nelson Lineman | 45 | $104,641 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sunbelt Solomon Services Transformers | 12/30/23 | $103,072 |
Asplundh Tree Expert Llc Tree Removal | 12/30/23 | $120,084 |
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 | $16,075,760 |
| Investment income | $274,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,115 |
| Net Gain/Loss on Asset Sales | $8,921 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,378,759 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $339,638 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,800 |
| Pension plan accruals and contributions | $527,065 |
| Other employee benefits | $356,525 |
| Payroll taxes | $114,273 |
| Fees for services: Management | $10,437 |
| Fees for services: Legal | $7,757 |
| Fees for services: Accounting | $11,075 |
| 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 | $54,957 |
| Information technology | $137,091 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,686 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $851,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,292,881 |
| Insurance | $71,058 |
| All other expenses | $538,496 |
| Total functional expenses | $16,059,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,199 |
| Savings and temporary cash investments | $2,157,636 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,311,498 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $950,427 |
| Prepaid expenses and deferred charges | $33,313 |
| Net Land, buildings, and equipment | $24,690,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $226,089 |
| Investments—program-related | $10,689,560 |
| Intangible assets | $0 |
| Other assets | $838,538 |
| Total assets | $41,317,939 |
| Accounts payable and accrued expenses | $6,802,929 |
| 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 | $18,044,946 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $24,847,875 |
| 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 | $16,470,064 |
| Total liabilities and net assets/fund balances | $41,317,939 |