Wheatland Rural Electric Association
- Assets
- $32.3m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Wheatland, WY
- Founding
- 01/1938
- Data as of
- 12/2021
- 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 12/2021, Wheatland Rural Electric Association employed 25 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 12/2021, Wheatland Rural Electric Association generated $17.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $17.1m during the year ending 12/2021. While expenses have increased by 3.7% 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
WHEATLAND REA WILL GIVE EXCELLENT SERVICE, PROVIDED BY A WELL-TRAINED PROFESSIONAL AND KNOWLEDGEABLE STAFF TO ALL OF OUR RATE CLASSES. WE REALIZED THE NECESSITY OF ATTRACTING AND RETAINING LARGE POWER CONSUMERS TO HELP CONTAIN THE COST OF POWER FOR ALL OUR CONSUMERS. TO THIS END, WHEATLAND REA ACTIVELY PURSUES NEW INNOVATIVE IDEAS AND PRACTICES TO HELP LARGE USERS STREAMLINE THEIR OPERATIONS AND POWER USAGE, AT THE SAME TIME WORKING TO IDENTIFY PROGRAMS TO HELP ALL RATE CLASSES. WE WILL MAINTAIN OUR EXCELLENT RECORD OF SERVICE AND RELIABILITY TO ALL RATE CLASSES.
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 4,195 DIFFERENT SERVICES TO AROUND 1,978 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald E Smith General Mana | Officer | 40 | $170,951 |
Jason Wright Operations M | 40 | $140,795 | |
Rhonda Apodaca Finance Mana | Officer | 40 | $107,398 |
Sandy Hranchak Director | Trustee | 2 | $5,775 |
Candy Geringer Director | Trustee | 2 | $2,800 |
Jack Finnerty Director | Trustee | 2 | $2,625 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Altitude Energy Llc Contractor | 12/30/21 | $486,652 |
Western United Electric Supply Materials | 12/30/21 | $308,540 |
Stella Jones Corporation Purch Poles | 12/30/21 | $349,175 |
Front Range Power Line Svcs Powerline Build | 12/30/21 | $251,175 |
Exponential Engineering Engineering Svc | 12/30/21 | $185,454 |
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 | $16,959,786 |
| Investment income | $114,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,720 |
| 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 | $17,112,530 |
| 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 | $1,551,392 |
| Compensation of current officers, directors, key employees. | $384,527 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,821 |
| 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 | $474,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $882,926 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $17,112,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $510,812 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,479,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $423,935 |
| Prepaid expenses and deferred charges | $351,737 |
| Net Land, buildings, and equipment | $19,729,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,763,448 |
| Intangible assets | $0 |
| Other assets | -$937 |
| Total assets | $32,258,120 |
| Accounts payable and accrued expenses | $1,448,966 |
| 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 | $10,644,969 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $164,331 |
| Total liabilities | $12,258,266 |
| 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 | $904,386 |
| Retained earnings, endowment, accumulated income, or other funds | $19,095,468 |
| Total liabilities and net assets/fund balances | $32,258,120 |
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 |