High West Energy Inc
- Assets
- $158.1m
- Revenue
- $68.2m
- Investments
- $106.5k
- Employees
- 101
- Location
- Pine Bluffs, WY
- Founding
- 02/1943
- Data as of
- 12/2022
- EIN
- 83-0143525
Organization Overview
High West Energy Inc is located in Pine Bluffs, WY. The organization was established in 1943. 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, High West Energy Inc employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High West 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 12/2022, High West Energy Inc generated $68.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $68.2m during the year ending 12/2022. While expenses have increased by 6.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 10,890 ACTIVE METERS AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Smith Treasurer | OfficerTrustee | 8 | $24,298 |
Kevin Thomas President | OfficerTrustee | 10 | $25,100 |
Damon Birkhofer Director | Trustee | 5 | $24,050 |
Ed Prosser Vice President | OfficerTrustee | 5 | $24,050 |
Jerry Burnett Director | Trustee | 8 | $24,050 |
Michael Lerwick Secretary | OfficerTrustee | 8 | $24,050 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ward Trenching Underground Line Construction | 12/30/22 | $476,674 |
High West Digital Solutions Computer Support | 12/30/22 | $649,653 |
Esc Engineering Inc Engineering Services | 12/30/22 | $513,644 |
Joaquin Mfg Corp Substation Contractor | 12/30/22 | $487,737 |
Ward Electric Company Inc Line Construction | 12/30/22 | $1,716,158 |
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 | $66,532,478 |
| Investment income | $666,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $39,955 |
| Net Gain/Loss on Asset Sales | $79,927 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $812,296 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,151,624 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,598 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $9,137,639 |
| Compensation of current officers, directors, key employees. | $613,909 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,531,428 |
| Pension plan accruals and contributions | $327,814 |
| Other employee benefits | $919,529 |
| Payroll taxes | $272,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $2,555,398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,547,468 |
| Insurance | $0 |
| All other expenses | $1,033,258 |
| Total functional expenses | $68,153,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,064,197 |
| Savings and temporary cash investments | $5,888,442 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,737,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,102,570 |
| Inventories for sale or use | $9,191,187 |
| Prepaid expenses and deferred charges | $627,971 |
| Net Land, buildings, and equipment | $99,738,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $106,463 |
| Investments—program-related | $25,603,279 |
| Intangible assets | $0 |
| Other assets | $14,487 |
| Total assets | $158,074,959 |
| Accounts payable and accrued expenses | $4,724,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $35,039 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $86,137,324 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,622,724 |
| Total liabilities | $107,519,224 |
| 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 | $50,555,735 |
| Total liabilities and net assets/fund balances | $158,074,959 |