High Plains Power Inc
- Assets
- $152.1m
- Revenue
- $80.4m
- Investments
- $0.0
- Employees
- 54
- Location
- Riverton, WY
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 84-1414521
Organization Overview
High Plains Power Inc is located in Riverton, WY. The organization was established in 1998. 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 12/2022, High Plains Power Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Plains Power 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 12/2022, High Plains Power Inc generated $80.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $80.3m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE THE MEMBER/OWNERS UNDER THE COOPERATIVE PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS PURPOSE IS TO PROVIDE RELIABLE, AFFORDABLE ELECTRIC SERVICE TO ITS MEMBERS WITHIN ITS SERVICE TERRITORY IN RURAL NORTH CENTRAL WYOMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darick Eisenbraun CEO | Officer | 40 | $163,524 |
Michael Harmon COO | Officer | 40 | $142,198 |
Cj Caress Line Superintendent | 40 | $128,581 | |
Jon Mayes CFO | Officer | 40 | $117,124 |
Brian Heiner Line Foreman | 44 | $114,323 | |
Eric Mcdonald Meter Foreman | 44 | $112,870 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Power Pole Inspections Pole Inspections | 12/30/22 | $113,413 |
Mccarter English Llp Legal | 12/30/22 | $150,610 |
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 | $79,949,093 |
| Investment income | $360,447 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,362,207 |
| 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 | $1,598,478 |
| Compensation of current officers, directors, key employees. | $624,022 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,614,995 |
| Pension plan accruals and contributions | $473,399 |
| Other employee benefits | $487,304 |
| Payroll taxes | $23,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $193,694 |
| Fees for services: Accounting | $14,810 |
| 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 | $406,176 |
| 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 | $1,720,277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,034,106 |
| Insurance | $0 |
| All other expenses | $537,227 |
| Total functional expenses | $80,267,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,399,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,238,221 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,238,914 |
| Prepaid expenses and deferred charges | $565,325 |
| Net Land, buildings, and equipment | $71,450,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $70,210,986 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $152,103,280 |
| Accounts payable and accrued expenses | $9,307,114 |
| 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 | $37,041,524 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,000,000 |
| Total liabilities | $52,348,638 |
| 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 | $12,302,495 |
| Retained earnings, endowment, accumulated income, or other funds | $87,452,147 |
| Total liabilities and net assets/fund balances | $152,103,280 |