Gunnison County Electric Association Inc
- Assets
- $52.7m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 49
- Location
- Gunnison, CO
- Founding
- 04/1942
- Data as of
- 12/2023
- EIN
- 84-0219342
Organization Overview
Gunnison County Electric Association Inc is located in Gunnison, CO. The organization was established in 1942. 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, Gunnison County Electric Association Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gunnison County Electric Association 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, Gunnison County Electric Association Inc generated $21.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $21.7m during the year ending 12/2023. While expenses have increased by 2.8% 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
OUR MISSION: SERVING MEMBERS BY PROVIDING SAFE, RELIABLE ENERGY WITH A STRONG COOPERATIVE TRADITION AND VISION FOR THE FUTURE. OUR VISION: COMMITTED TO BECOMING OUR COMMUNITYS MOST VALUED AND TRUSTED RESOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRICITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcbride CEO | Officer | 44.19 | $283,679 |
John Stoeber COO | Officer | 43.1 | $177,495 |
Paula Maclennan CFO Jan 15th - May 15th | Officer | 46.06 | $128,275 |
Jeff Hanggi Working Foreman | 44.07 | $147,216 | |
Todd Fuller Line Superintendent | 41.14 | $126,110 | |
Matt Feier Strategy Execution Specialist | 40.28 | $130,165 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,067 |
| 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 | $21,067 |
| Total Program Service Revenue | $21,322,069 |
| Investment income | $349,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,862 |
| Net Gain/Loss on Asset Sales | $21,660 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,733,987 |
| 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 | $1,302,502 |
| Compensation of current officers, directors, key employees. | $1,190,453 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,164,771 |
| Pension plan accruals and contributions | $522,517 |
| Other employee benefits | $587,181 |
| Payroll taxes | $294,694 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $109,345 |
| Fees for services: Accounting | $34,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $254,994 |
| Advertising and promotion | $102,685 |
| Office expenses | $256,116 |
| Information technology | $206,834 |
| Royalties | $0 |
| Occupancy | $304,355 |
| Travel | $94,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,798 |
| Interest | $552,159 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,682,489 |
| Insurance | $11,497 |
| All other expenses | $38,435 |
| Total functional expenses | $21,699,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $999,113 |
| Savings and temporary cash investments | $734,758 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,010,078 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,000 |
| Inventories for sale or use | $1,957,951 |
| Prepaid expenses and deferred charges | $1,311,411 |
| Net Land, buildings, and equipment | $28,460,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,601,335 |
| Intangible assets | $425,245 |
| Other assets | $0 |
| Total assets | $52,725,252 |
| Accounts payable and accrued expenses | $2,914,674 |
| 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 | $14,997,149 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,415,032 |
| Total liabilities | $22,326,855 |
| 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 | $23,966,086 |
| Retained earnings, endowment, accumulated income, or other funds | $6,432,311 |
| Total liabilities and net assets/fund balances | $52,725,252 |