White River Elec Assoc Inc
- Assets
- $92.7m
- Revenue
- $46.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Meeker, CO
- Founding
- 06/1963
- Data as of
- 12/2021
- EIN
- 84-0372091
Organization Overview
White River Elec Assoc Inc is located in Meeker, CO. The organization was established in 1963. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2021, White River Elec Assoc Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. White River Elec 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, White River Elec Assoc Inc generated $46.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $46.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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
WHITE RIVER ELECTRIC ASSOCIATION, INC. STRIVES TO PROVIDE ITS MEMBERS/CONSUMERS WITH SAFE, RELIABLE AND REASONABLE ELECTRIC ENERGY AND OTHER SERVICES AT THE MOST REASONABLE COSTS POSSIBLE WHILE REMAINING COMMITTED TO CUSTOMER AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHITE RIVER ELECTRIC ASSOCIATION, INC. IS A RURAL ELECTRIC DISTRIBUTION COOPERATIVE SERVING PARTS OF RIO BLANCO, MOFFAT, AND GARFIELD COUNTIES IN COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan J Michalewicz CEO | Officer | 40 | $309,314 |
Dale K Dunbar CFO | Officer | 40 | $214,811 |
Trina K Zagar-Brown Mbr Svc Mgr/ | Officer | 40 | $197,052 |
Frank L Sampson Mrg Of Opera | Officer | 40 | $175,454 |
Christopher Reidinger Staff Engine | 40 | $131,959 | |
Brett Dearman Director | Trustee | 4 | $23,369 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cypress Creek Fund 15 Tenant Llc Solar Farm | 12/30/21 | $470,072 |
High Rise Tree Care Llc Tree Trimming | 12/30/21 | $112,055 |
Valcom Salt Lake City Llc Software/it Sup | 12/30/21 | $108,839 |
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 | $46,370,098 |
| Investment income | $58,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,584 |
| Net Gain/Loss on Asset Sales | -$13,581 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,934,364 |
| 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 | $801,088 |
| Compensation of current officers, directors, key employees. | $1,513,715 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,103 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $435,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,147,608 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,934,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,639,715 |
| Savings and temporary cash investments | $950,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,051,714 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,903,394 |
| Prepaid expenses and deferred charges | $1,272,281 |
| Net Land, buildings, and equipment | $32,108,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $48,348,176 |
| Intangible assets | $0 |
| Other assets | $395,534 |
| Total assets | $92,669,800 |
| Accounts payable and accrued expenses | $3,496,033 |
| Grants payable | $0 |
| Deferred revenue | $1,371,565 |
| 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 | $13,095,804 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,971,284 |
| Total liabilities | $27,934,686 |
| 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 | -$473,176 |
| Retained earnings, endowment, accumulated income, or other funds | $65,208,290 |
| Total liabilities and net assets/fund balances | $92,669,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marine Preservation Association Phoenix, AZ | $66,284,056 | $96,138,954 |
White River Elec Assoc Inc Meeker, CO | $92,669,800 | $46,934,364 |
Zion Natural History Association Springdale, UT | $10,760,153 | $8,652,786 |
New Mexico Association Of Soil And Water Conservation Districts Carlsbad, NM | $948,917 | $5,349,942 |
Fontenelle Forest Bellevue, NE | $17,818,631 | $3,401,483 |
Arizona Association Of Conservation Districts Inc Phoenix, AZ | $430,842 | $1,671,787 |
Oklahoma Association Of Conservation Districts Incorporate Oklahoma City, OK | $148,116 | $646,037 |
Associated Landscape Contractors Of Colorado Inc Denver, CO | $1,087,861 | $845,826 |
Weed Science Society Of America Westminster, CO | $2,570,547 | $693,791 |
Rocky Mountain Propane Association Ogden, UT | $468,227 | $669,764 |
Pacific Coast Society Of Orthodontists Lenexa, KS | $2,469,774 | $872,313 |
Land Title Association Of Colorado Littleton, CO | $661,978 | $435,877 |