Big Horn Rural Electric Company
- Assets
- $40.9m
- Revenue
- $16.0m
- Investments
- $226.1k
- Employees
- 16
- Location
- Basin, WY
- Founding
- 01/1938
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Big Horn Rural Electric Company generated $16.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $15.5m during the year ending 12/2021. While expenses have increased by 1.0% 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
BIG HORN RURAL ELECTRIC 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 | 50 | $203,799 |
Arthur W Dahlke Line Supt. | 41.5 | $116,887 | |
Clinton Getzfreid Lineman | 46.6 | $106,308 | |
William Hill Line Foreman | 43.6 | $102,499 | |
John Joyce President | OfficerTrustee | 7 | $23,700 |
John Fernandez Director | OfficerTrustee | 4.5 | $16,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intermountain Electric Electrical Contractor | 12/30/21 | $298,681 |
Black Mountain Tree Service Tree Removal | 12/30/21 | $160,700 |
Hdr Engineering Engineering Services | 12/30/21 | $144,800 |
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 | $15,590,449 |
| Investment income | $370,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,115 |
| Net Gain/Loss on Asset Sales | $30,377 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,016,362 |
| 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. | $332,049 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,644 |
| Pension plan accruals and contributions | $317,536 |
| Other employee benefits | $282,862 |
| Payroll taxes | $99,377 |
| Fees for services: Management | $66,942 |
| Fees for services: Legal | $13,357 |
| Fees for services: Accounting | $12,251 |
| 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 | $67,402 |
| Information technology | $60,023 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $674,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,156,337 |
| Insurance | $65,350 |
| All other expenses | $473,144 |
| Total functional expenses | $15,470,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,542 |
| Savings and temporary cash investments | $4,497,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,259,854 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $984,525 |
| Prepaid expenses and deferred charges | $5,309 |
| Net Land, buildings, and equipment | $22,361,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $226,089 |
| Investments—program-related | $10,847,857 |
| Intangible assets | $0 |
| Other assets | $445,183 |
| Total assets | $40,876,204 |
| Accounts payable and accrued expenses | $6,455,639 |
| 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 | $17,530,249 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,985,888 |
| 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 | $16,890,316 |
| Total liabilities and net assets/fund balances | $40,876,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Y W Electric Association Inc Colorado Rea 38 Akron, CO | $130,403,627 | $47,254,335 |
Dixie Escalante Rural Beryl, UT | $171,660,221 | $52,285,597 |
Morgan County Rural Electric Association Fort Morgan, CO | $104,279,755 | $45,102,816 |
San Luis Valley Rural Electric Cooperative Inc Monte Vista, CO | $146,227,571 | $40,584,660 |
Mountain Parks Electric Inc Granby, CO | $112,547,054 | $41,154,955 |
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 |
Southeast Colorado Power Association La Junta, CO | $108,651,331 | $38,826,688 |
Grand Valley Rural Power Lines Inc Grand Junction, CO | $88,238,396 | $34,734,443 |
San Miguel Power Association Inc Nucla, CO | $92,922,592 | $33,342,574 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Midwest Electric Cooperative Corporation Grant, NE | $80,947,030 | $30,806,010 |