Gunnison County Electric Association Inc
- Assets
- $50.5m
- Revenue
- $21.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Gunnison, CO
- Founding
- 04/1942
- Data as of
- 12/2021
- 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 12/2021, Gunnison County Electric Association Inc employed 42 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 12/2021, Gunnison County Electric Association Inc generated $21.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $20.1m during the year ending 12/2021. While expenses have increased by 2.5% 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
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 | 43.59 | $248,941 |
Marcia Wireman CFO | Officer | 41.59 | $172,374 |
Roger Grogg COO Jan-Aug | Officer | 41.2 | $148,322 |
John Stoeber Line Superintjan-Augcoose | Officer | 43.08 | $128,528 |
Jeff Hanggi Working Foreman | 41.84 | $123,331 | |
Bruce Stephens Staff Engineer | 40.01 | $116,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $979,163 |
| 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 | $979,163 |
| Total Program Service Revenue | $19,542,941 |
| Investment income | $397,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,482 |
| Net Gain/Loss on Asset Sales | $3,150 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,972,326 |
| 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 | $901,590 |
| Compensation of current officers, directors, key employees. | $1,184,445 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,640,401 |
| Pension plan accruals and contributions | $595,692 |
| Other employee benefits | $509,447 |
| Payroll taxes | $236,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,692 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318,654 |
| Advertising and promotion | $62,535 |
| Office expenses | $155,423 |
| Information technology | $190,573 |
| Royalties | $0 |
| Occupancy | $328,801 |
| Travel | $26,372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,393 |
| Interest | $587,898 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,609,796 |
| Insurance | $10,393 |
| All other expenses | $40,745 |
| Total functional expenses | $20,100,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,968 |
| Savings and temporary cash investments | $572,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,834,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,000 |
| Inventories for sale or use | $1,337,466 |
| Prepaid expenses and deferred charges | $1,851,465 |
| Net Land, buildings, and equipment | $28,724,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,996,135 |
| Intangible assets | $500,813 |
| Other assets | $0 |
| Total assets | $50,492,281 |
| Accounts payable and accrued expenses | $3,801,225 |
| 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 | $13,060,983 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,495,275 |
| Total liabilities | $20,357,483 |
| 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 | $25,198,524 |
| Retained earnings, endowment, accumulated income, or other funds | $4,936,274 |
| Total liabilities and net assets/fund balances | $50,492,281 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jemez Mountains Electric Cooperative Inc Espanola, NM | $130,164,432 | $49,848,005 |
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 |
Rural Electric Co Op Inc Lindsay, OK | $94,050,768 | $47,989,459 |
Kiamichi Electric Cooperative Inc Wilburton, OK | $118,158,279 | $46,432,215 |
Morgan County Rural Electric Association Fort Morgan, CO | $104,279,755 | $45,102,816 |
Western Cooperative Electric Association Inc Wakeeney, KS | $116,000,475 | $44,441,643 |
Freestate Electric Cooperative Inc Topeka, KS | $115,006,207 | $43,505,372 |
Red River Valley Rural Electric Association Marietta, OK | $87,688,171 | $43,444,812 |
Farmers Electric Cooperative Inc Of New Mexico Clovis, NM | $139,799,971 | $42,708,107 |
Southeastern Electric Cooperative Inc Durant, OK | $83,173,851 | $40,665,061 |
San Luis Valley Rural Electric Cooperative Inc Monte Vista, CO | $146,227,571 | $40,584,660 |