Mountain View Electric Assoc Inc
- Assets
- $390.9m
- Revenue
- $130.3m
- Investments
- $0.0
- Employees
- 176
- Location
- Limon, CO
- Founding
- 11/1959
- Data as of
- 12/2021
- EIN
- 84-0275175
Organization Overview
Mountain View Electric Assoc Inc is located in Limon, CO. The organization was established in 1959. 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, Mountain View Electric Assoc Inc employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain View Electric Assoc 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, Mountain View Electric Assoc Inc generated $130.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $130.3m during the year ending 12/2021. While expenses have increased by 3.5% 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
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 59,406 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Herron CEO | Officer | 51 | $288,955 |
David Waldner Engineering Manager | Officer | 45 | $191,809 |
Randy Penn Finance Manager | Officer | 42 | $178,718 |
Terryl Jensen Operations Manager | 45 | $173,026 | |
David Williams Operations Supervisor | 54 | $157,292 | |
Leslie Ulfers System Eng I | 46 | $152,811 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atwell Llc Engineering Contractor And Fiber Install | 12/30/21 | $1,004,211 |
Foothills Energy Services Distribution Plant Construction | 12/30/21 | $6,753,710 |
Asplundh Tree Expert Company Inc Tree Trimming | 12/30/21 | $710,983 |
Usic Locating Services Llc Line Locating | 12/30/21 | $676,648 |
Wrb Engineering And Construction Engineering Contractor | 12/30/21 | $308,413 |
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 | $129,908,593 |
| Investment income | $118,497 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $177,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,075 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,263,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,216 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $10,087,026 |
| Compensation of current officers, directors, key employees. | $1,159,672 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,507,104 |
| Pension plan accruals and contributions | $1,388,100 |
| Other employee benefits | $1,471,637 |
| Payroll taxes | $585,631 |
| 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 | $6,361,872 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,820,064 |
| Insurance | $0 |
| All other expenses | $509,486 |
| Total functional expenses | $130,263,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,383,512 |
| Savings and temporary cash investments | $31,925,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,307,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,244,518 |
| Prepaid expenses and deferred charges | $2,634,640 |
| Net Land, buildings, and equipment | $256,430,477 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $71,804,400 |
| Intangible assets | $0 |
| Other assets | $9,154,003 |
| Total assets | $390,883,600 |
| Accounts payable and accrued expenses | $16,417,654 |
| 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 | $218,762,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,936,178 |
| Total liabilities | $248,115,884 |
| 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 | $4,358,398 |
| Retained earnings, endowment, accumulated income, or other funds | $138,409,318 |
| Total liabilities and net assets/fund balances | $390,883,600 |
Grants Awarded
Over the last fiscal year, Mountain View Electric Assoc Inc has awarded $17,716 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: 2021 DONATION TO HOME ENERGY ASSISTANCE PROGRAM | $12,714 |
Dulles, VA PURPOSE: INTEGRITY FUND CONTRIBUTION | $5,002 |
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 |