Highline Electric Association
- Assets
- $120.4m
- Revenue
- $52.5m
- Investments
- $0.0
- Employees
- 63
- Location
- Holyoke, CO
- Founding
- 09/1951
- Data as of
- 12/2021
- EIN
- 84-0226805
Organization Overview
Highline Electric Association is located in Holyoke, CO. The organization was established in 1951. 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, Highline Electric Association employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highline 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, Highline Electric Association generated $52.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $52.5m during the year ending 12/2021. While expenses have increased by 0.6% 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
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO THE MEMBERS AT THE BEST COST AND CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELECTRICITY TO THE COMPANYS MEMBERS WITHIN ITS SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Herman CEO | Officer | 43.1 | $216,326 |
Jim Jackson CFO | Officer | 41.5 | $153,884 |
Rance Ferguson Operations Manager | 43 | $153,229 | |
Alex Astley Engineering Manager | 41.3 | $145,177 | |
James Ziebarth System Engineer | 41.5 | $128,363 | |
Jason Depperschmidt System Engineer | 40.1 | $128,318 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
West Plains Engineering Facility Construct | 12/30/21 | $272,475 |
C C Tree Service Tree Trimming | 12/30/21 | $153,955 |
Altitude Energy Energy Services | 12/30/21 | $652,309 |
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 | $52,410,670 |
| Investment income | $74,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $190 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,509,823 |
| 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 | $1,602,847 |
| Compensation of current officers, directors, key employees. | $766,209 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,264,499 |
| Pension plan accruals and contributions | $909,572 |
| Other employee benefits | $717,935 |
| Payroll taxes | $357,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,082 |
| Fees for services: Accounting | $14,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,102 |
| Office expenses | $277,332 |
| 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 | $1,695,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,459,779 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $52,509,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,775,840 |
| Savings and temporary cash investments | $2,130,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,343,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,090,252 |
| Prepaid expenses and deferred charges | $2,054,112 |
| Net Land, buildings, and equipment | $68,472,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $41,537,442 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $120,404,773 |
| Accounts payable and accrued expenses | $4,638,511 |
| Grants payable | $0 |
| Deferred revenue | $2,400,000 |
| 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 | $56,219,505 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $462,842 |
| Total liabilities | $63,720,858 |
| 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 | $53,615,105 |
| Retained earnings, endowment, accumulated income, or other funds | $3,068,810 |
| Total liabilities and net assets/fund balances | $120,404,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sulphur Springs Valley Electric Cooperative Inc Willcox, AZ | $321,892,538 | $124,995,046 |
Trico Electric Cooperative Inc Marana, AZ | $268,045,549 | $107,861,208 |
La Plata Electric Association Inc Durango, CO | $287,521,885 | $109,650,926 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |
Pioneer Electric Cooperative Inc Ulysses, KS | $284,468,248 | $104,061,245 |
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
Prairie Land Electric Cooperative Inc Norton, KS | $193,607,034 | $87,385,850 |
Victory Electric Cooperative Association Inc Dodge City, KS | $181,839,680 | $85,802,968 |
Northeast Oklahoma Electric Cooperative Inc Vinita, OK | $249,522,381 | $85,761,419 |
Moon Lake Electric Association Inc Roosevelt, UT | $157,473,371 | $84,270,268 |
Mohave Electric Cooperative Inc Bullhead City, AZ | $252,184,313 | $80,080,972 |
Verdigris Valley Electric Cooperative Incorporated Collinsville, OK | $207,857,115 | $78,783,085 |