Intermountain Rural Electric Association
- Assets
- $1.2b
- Revenue
- $331.3m
- Investments
- $0.0
- Employees
- 321
- Location
- Sedalia, CO
- Founding
- 08/1939
- Data as of
- 12/2021
- EIN
- 84-0235244
Organization Overview
Intermountain Rural Electric Association is located in Sedalia, CO. The organization was established in 1939. 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, Intermountain Rural Electric Association employed 321 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intermountain 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, Intermountain Rural Electric Association generated $331.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $331.3m during the year ending 12/2021. While expenses have increased by 2.2% 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
THE ASSOCIATION WAS ESTABLISHED AS A RURAL ELECTRIC DISTRIBUTION COOPERATIVE TO PROVIDE ELECTRIC UTILITY SERVICE WITHIN ITS SERVICE TERRITORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION DISTRIBUTED ELECTRICITY TO 169,454 ACTIVE SERVICE LOCATIONS IN 11 COLORADO COUNTIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Baudier CEO | Officer | 40 | $671,337 |
Pamela Feuerstein COO | Officer | 40 | $420,880 |
Dierdre P Jones CFO | Officer | 40 | $406,188 |
Amanda Lesher Cmeo | Officer | 40 | $308,747 |
Mark Jurgemeyer Engineering Director | Officer | 40 | $255,400 |
Kathleen Solano Cao | Officer | 40 | $239,808 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Powell Electric Systems Inc Utility Construction | 12/30/21 | $2,416,614 |
Hdr Engineering Inc Engineering Consulting | 12/30/21 | $2,305,219 |
Ward Electric Company Utility Construction | 12/30/21 | $4,651,816 |
Colorado Powerline Inc Utility Construction | 12/30/21 | $31,692,569 |
S E Incorporated Utility Construction | 12/30/21 | $4,399,165 |
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 | $330,794,090 |
| Investment income | $132,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,355 |
| Net Gain/Loss on Asset Sales | $374,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,307,918 |
| 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 | $16,320,159 |
| Compensation of current officers, directors, key employees. | $4,149,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,638,440 |
| Pension plan accruals and contributions | $3,612,118 |
| Other employee benefits | $4,424,901 |
| Payroll taxes | $1,521,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,074,599 |
| Fees for services: Accounting | $97,237 |
| Fees for services: Lobbying | $75,252 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,329,567 |
| Advertising and promotion | $0 |
| Office expenses | $4,020,372 |
| 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 | $31,882 |
| Interest | $40,196,714 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,471,905 |
| Insurance | $1,014,917 |
| All other expenses | $1,763,051 |
| Total functional expenses | $331,307,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,168,390 |
| Savings and temporary cash investments | $632,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,625,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,373,034 |
| Prepaid expenses and deferred charges | $23,572,366 |
| Net Land, buildings, and equipment | $1,109,937,262 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,708,121 |
| Intangible assets | $0 |
| Other assets | $32,622 |
| Total assets | $1,228,049,117 |
| Accounts payable and accrued expenses | $61,335,944 |
| 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 | $767,258,665 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,492,162 |
| Total liabilities | $864,086,771 |
| 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 | $760,345 |
| Retained earnings, endowment, accumulated income, or other funds | $363,202,001 |
| Total liabilities and net assets/fund balances | $1,228,049,117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Rural Electric Association Sedalia, CO | $1,228,049,117 | $331,307,918 |
United Power Inc Brighton, CO | $596,297,380 | $312,195,991 |
Midwest Energy Inc Hays, KS | $627,319,066 | $242,109,196 |
Nebraska Electric Generation And Transmission Cooperative Inc Columbus, NE | $24,698,351 | $237,875,387 |
Powder River Energy Corporation Sundance, WY | $476,284,680 | $160,024,088 |
Kansas Electric Power Cooperative Inc Topeka, KS | $324,892,215 | $155,298,946 |
Holy Cross Electric Assoc Inc Glenwood Springs, CO | $346,769,060 | $143,962,151 |
Poudre Valley Rural Electric Association Inc Fort Collins, CO | $294,330,752 | $138,618,060 |
Mountain View Electric Assoc Inc Limon, CO | $390,883,600 | $130,263,584 |
Wheatland Electric Cooperative Inc Scott City, KS | $396,291,837 | $135,504,562 |
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 |