Lower Valley Energy Inc
- Assets
- $325.9m
- Revenue
- $77.9m
- Investments
- $9.0m
- Employees
- 87
- Location
- Afton, WY
- Founding
- 12/1937
- Data as of
- 12/2023
- EIN
- 83-0129756
Organization Overview
Lower Valley Energy Inc is located in Afton, WY. The organization was established in 1937. 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, Lower Valley Energy Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lower Valley Energy 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 12/2023, Lower Valley Energy Inc generated $77.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $73.1m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 8 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
THE ORGANIZATION PROVIDES ELECTRICITY AND NATURAL GAS TO RURAL MEMBERS ON A NOT-FOR-PROFIT COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR, THE COOPERATIVE PROVIDED ELECTRICITY AND NATURAL GAS UTILITY SERVICE 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 |
|---|---|---|---|
James R Webb Presidentchief Executive Off | Officer | 50 | $477,767 |
Richard Knori Director Of Engineering | 50 | $307,003 | |
Mallory Winters Electric Foreman | 50 | $262,019 | |
Craig Coles Director Of Gas Operations | 50 | $252,749 | |
Jon Hougland Staff Assistant | 50 | $231,805 | |
Kyle Thurston Lineman | 50 | $218,229 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Williams Field Services Co Llc Construction | 12/30/23 | $17,512,228 |
Vista Tree Care Llc Construction | 12/30/23 | $1,962,327 |
Wilkes Excavation Construction | 12/30/23 | $1,628,784 |
Mountainside Power Llc Construction | 12/30/23 | $1,069,039 |
Save The Ranch Trucking Llc Trucking | 12/30/23 | $239,724 |
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 | $77,003,663 |
| Investment income | $796,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,896,056 |
| 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 | $2,451,861 |
| Compensation of current officers, directors, key employees. | $1,021,494 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,036,618 |
| Pension plan accruals and contributions | $1,630,326 |
| Other employee benefits | $1,705,003 |
| Payroll taxes | $714,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,750 |
| Fees for services: Accounting | $20,757 |
| 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 | $7,090,411 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,734,891 |
| Insurance | $491,651 |
| All other expenses | -$2,685,802 |
| Total functional expenses | $73,112,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,436,454 |
| Savings and temporary cash investments | $594,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,911,570 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $984,370 |
| Inventories for sale or use | $10,973,343 |
| Prepaid expenses and deferred charges | $69,457,694 |
| Net Land, buildings, and equipment | $140,018,612 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,968,290 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,582,889 |
| Total assets | $325,927,439 |
| Accounts payable and accrued expenses | $7,437,382 |
| 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 | $184,463,433 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,980,915 |
| Total liabilities | $214,881,730 |
| 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 | $111,045,709 |
| Total liabilities and net assets/fund balances | $325,927,439 |