Wheatland Rural Electric Association
- Assets
- $41.2m
- Revenue
- $18.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Wheatland, WY
- Founding
- 01/1938
- Data as of
- 12/2023
- EIN
- 83-0154975
Organization Overview
Wheatland Rural Electric Association is located in Wheatland, 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, Wheatland Rural Electric Association employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheatland Rural Electric Association 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, Wheatland Rural Electric Association generated $18.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $18.1m during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 9 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHEATLAND RURAL ELECTRIC ASSOCIATION, INC. IS A MEMBER OWNED ELECTRIC COOPERATIVE THAT PROVIDES 1,806 MILES OF LINE, AS WELL AS 4,290 DIFFERENT SERVICES TO AROUND 1,978 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald E Smith General Manager | 40 | $196,948 | |
Jason Wright General Manager | Officer | 40 | $152,912 |
Rhonda Apodaca Office Manager | Officer | 40 | $113,249 |
Levi Eaton Operations Manager | 40 | $104,668 | |
Sandra Hranchak Director | Trustee | 1 | $10,218 |
Amy Miller Director | Trustee | 1 | $8,610 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Altitude Energy Llc Contractor | 12/30/21 | $486,652 |
Stella Jones Corporation Purch Poles | 12/30/21 | $349,175 |
Western United Electric Supply Materials | 12/30/21 | $308,540 |
Exponential Engineering Engineering Svc | 12/30/21 | $185,454 |
Front Range Power Line Svcs Powerline Build | 12/30/21 | $251,175 |
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 | $17,411,220 |
| Investment income | $604,981 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,937 |
| 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 | $18,094,138 |
| 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 | $1,335,282 |
| Compensation of current officers, directors, key employees. | $627,048 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,265 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $984,638 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $983,542 |
| Insurance | $0 |
| All other expenses | $24,334 |
| Total functional expenses | $18,094,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,892,311 |
| Savings and temporary cash investments | $3,685,244 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,553,014 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $508,205 |
| Prepaid expenses and deferred charges | $289,511 |
| Net Land, buildings, and equipment | $23,631,894 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,683,026 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,243,205 |
| Accounts payable and accrued expenses | $1,159,308 |
| 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 | $18,935,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$20,265 |
| Total liabilities | $20,074,678 |
| 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 | $915,486 |
| Retained earnings, endowment, accumulated income, or other funds | $20,253,041 |
| Total liabilities and net assets/fund balances | $41,243,205 |