Navopache Electric Cooperative Incorporated
- Assets
- $154.9m
- Revenue
- $59.8m
- Investments
- $0.0
- Employees
- 110
- Location
- Lakeside, AZ
- Founding
- 08/1951
- Data as of
- 12/2021
- EIN
- 86-0079371
Organization Overview
Navopache Electric Cooperative Incorporated is located in Lakeside, AZ. The organization was established in 1951. 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, Navopache Electric Cooperative Incorporated employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navopache Electric Cooperative Incorporated 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, Navopache Electric Cooperative Incorporated generated $59.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $59.6m during the year ending 12/2021. While expenses have increased by 1.1% 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 SAFE, RELIABLE, COST EFFECTIVE ELECTRIC SERVICE TO OUR MEMBER-OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAVOPACHE ELECTRIC COOPERATIVE'S MAIN SERVICE IS TO DISTRIBUTE ELECTRIC ENERGY TO APPROXIMATELY 43,000 SERVICES ON A PATRONAGE CAPITAL BASIS. REVENUE AGREES TO PART VIII, AND EXPENSES TO PART IX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles R Moore CEO | Officer | 47 | $439,044 |
Gayle Gouker Manager Of Financial Services | Officer | 42 | $143,136 |
Garth Turley Manager Of Engineering | Officer | 40 | $140,269 |
Mike Martinez Manager Of Operations | 42 | $139,307 | |
Anthony Lindsey Manager Of Information Technology | Officer | 40 | $129,648 |
Craig Blackburn Area Representative | 51 | $129,235 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
E W Parker Enterprises Llc Electric Distribution Construction | 12/30/21 | $1,532,915 |
Snell & Wilmer Legal | 12/30/21 | $261,099 |
Western Grade Llc Grading | 12/30/21 | $219,329 |
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 | $59,169,283 |
| Investment income | $64,819 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,454 |
| Net Gain/Loss on Asset Sales | $13,764 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $159,392 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,797,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $13,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,704,517 |
| Compensation of current officers, directors, key employees. | $911,283 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,426,870 |
| Pension plan accruals and contributions | $2,405,489 |
| Other employee benefits | $1,439,431 |
| Payroll taxes | $602,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $354,123 |
| Fees for services: Accounting | $18,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,910 |
| Advertising and promotion | $28,937 |
| Office expenses | $517,171 |
| Information technology | $609,482 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $650,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $127,781 |
| Interest | $3,102,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,310,567 |
| Insurance | $244,809 |
| All other expenses | $535,543 |
| Total functional expenses | $59,559,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $694,368 |
| Savings and temporary cash investments | $364,614 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,937,528 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $556 |
| Inventories for sale or use | $4,474,177 |
| Prepaid expenses and deferred charges | $579,026 |
| Net Land, buildings, and equipment | $129,600,818 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,171,179 |
| Intangible assets | $0 |
| Other assets | $12,051,676 |
| Total assets | $154,873,942 |
| Accounts payable and accrued expenses | $4,111,494 |
| 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 | $101,337,335 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,038,047 |
| Total liabilities | $111,486,876 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $179,805 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,096,551 |
| Retained earnings, endowment, accumulated income, or other funds | $41,110,710 |
| Total liabilities and net assets/fund balances | $154,873,942 |
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 |
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
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 |
Delta-Montrose Electric Association Montrose, CO | $233,268,073 | $81,764,019 |
Yampa Valley Electric Association Inc Steamboat Springs, CO | $179,531,578 | $73,016,013 |
Central Valley Electric Cooperative Inc Artesia, NM | $226,227,506 | $68,455,177 |
Continental Divide Electric Cooperative Inc Grants, NM | $145,895,673 | $62,421,523 |
Navopache Electric Cooperative Incorporated Lakeside, AZ | $154,873,942 | $59,797,465 |
San Isabel Electric Association Inc Pueblo, CO | $183,301,456 | $59,570,758 |