Mountain Parks Electric Inc
- Assets
- $112.5m
- Revenue
- $41.2m
- Investments
- $355.7k
- Employees
- 79
- Location
- Granby, CO
- Founding
- 06/1959
- Data as of
- 12/2021
- EIN
- 84-0401033
Organization Overview
Mountain Parks Electric Inc is located in Granby, 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 Parks Electric Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Parks Electric 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 Parks Electric Inc generated $41.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $40.6m during the year ending 12/2021. While expenses have increased by 1.9% 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
SALE OF ELECTRICITY TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLD AND DISTRIBUTED ELECTRICITY TO RURAL MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 21,624 ACTIVE SERVICES AT YEAR END.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Johnston General Manager | Officer | 50 | $237,383 |
Dennis Simmons Manager Of Engineering/asst Gm | Officer | 40 | $168,834 |
Stacie Dellamano Manager Of Fin & Acct/asst Gm | Officer | 50 | $168,538 |
Richard Trostel Manager Of Operations | 0 | $154,524 | |
Joseph S Palmer Manager Of It | 45 | $149,153 | |
Donald Finn Manager Of Operations | 50 | $148,476 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Adb Companies Inc Fiber Installation | 12/30/21 | $513,676 |
Altitude Energy Llc Line Construction | 12/30/21 | $481,402 |
Asplundh Tree Expert Co Tree Trimming | 12/30/21 | $434,315 |
Perdue Specialties Llc Line Construction | 12/30/21 | $260,988 |
Conroy Excavating Inc Line Construction | 12/30/21 | $229,537 |
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 | $40,854,057 |
| Investment income | $122,038 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,232 |
| Net Gain/Loss on Asset Sales | $2,325 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,390 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,154,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,190 |
| Grants and other assistance to domestic individuals. | $435 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,862,940 |
| Compensation of current officers, directors, key employees. | $825,884 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,577,789 |
| Pension plan accruals and contributions | $358,514 |
| Other employee benefits | $996,070 |
| Payroll taxes | $385,031 |
| 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 | $1,295,301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,082,281 |
| Insurance | $0 |
| All other expenses | $471,445 |
| Total functional expenses | $40,582,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,925,882 |
| Savings and temporary cash investments | $138,814 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,235,115 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $178,047 |
| Inventories for sale or use | $4,046,442 |
| Prepaid expenses and deferred charges | $317,154 |
| Net Land, buildings, and equipment | $61,960,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $355,698 |
| Investments—program-related | $24,982,102 |
| Intangible assets | $0 |
| Other assets | $4,406,840 |
| Total assets | $112,547,054 |
| Accounts payable and accrued expenses | $4,623,093 |
| 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 | $41,729,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,666,022 |
| Total liabilities | $54,018,691 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $58,528,363 |
| Total liabilities and net assets/fund balances | $112,547,054 |
Grants Awarded
Over the last fiscal year, Mountain Parks Electric Inc has awarded $41,931 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Granby, CO PURPOSE: GENERAL CONTRIBUTIONS & SHARE THE SUCCESS CONTRIBUTION | $19,750 |
Denver, CO PURPOSE: ANNUAL SUPPORT | $8,931 |
Winter Park, CO PURPOSE: CORPORATE SPONSORSHIP | $8,000 |
Estes Park, CO PURPOSE: ANNUAL SUPPORT | $5,250 |
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 |