Navopache Electric Cooperative Incorporated
- Assets
- $166.2m
- Revenue
- $68.9m
- Investments
- $0.0
- Employees
- 118
- Location
- Lakeside, AZ
- Founding
- 08/1951
- Data as of
- 12/2022
- 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 12/2022, Navopache Electric Cooperative Incorporated employed 118 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 12/2022, Navopache Electric Cooperative Incorporated generated $68.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $68.8m during the year ending 12/2022. While expenses have increased by 5.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, RELIABLE, COST EFFECTIVE ELECTRIC SERVICE TO OUR MEMBERS/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 Moore CEO | Officer | 47.05 | $465,971 |
Garth Turley Manager Of Engineering | Officer | 40.6 | $150,000 |
Anthony Lindsey Manager Of Information Technology | Officer | 40.63 | $139,373 |
Craig Blackburn Area Representative | 51.38 | $137,265 | |
Brian Brownlow Manager Of Operations | 43.93 | $130,100 | |
Natalie Groeneveld Manager Of Human Resources | 40.42 | $123,428 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
E W Parker Enterprises Electric Distribution Construc | 12/30/22 | $344,243 |
Snell & Willmer Llp Legal | 12/30/22 | $240,267 |
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 | $67,813,590 |
| Investment income | $79,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $662,500 |
| Net Gain/Loss on Asset Sales | $12,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $21,406 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68,911,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,227,195 |
| Compensation of current officers, directors, key employees. | $1,409,611 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,348,142 |
| Pension plan accruals and contributions | $2,018,105 |
| Other employee benefits | $1,577,574 |
| Payroll taxes | $589,853 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $297,007 |
| Fees for services: Accounting | $21,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,824 |
| Advertising and promotion | $26,659 |
| Office expenses | $506,384 |
| Information technology | $586,998 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $943,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $273,643 |
| Interest | $3,499,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,712,919 |
| Insurance | $258,656 |
| All other expenses | $764,987 |
| Total functional expenses | $68,798,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,097,637 |
| Savings and temporary cash investments | $81,678 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,694,626 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,719,882 |
| Prepaid expenses and deferred charges | $592,807 |
| Net Land, buildings, and equipment | $137,282,653 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,633,182 |
| Intangible assets | $0 |
| Other assets | $14,109,246 |
| Total assets | $166,211,711 |
| Accounts payable and accrued expenses | $4,837,706 |
| 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 | $109,504,125 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,028,896 |
| Total liabilities | $119,370,727 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $182,491 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,494,176 |
| Retained earnings, endowment, accumulated income, or other funds | $43,164,317 |
| Total liabilities and net assets/fund balances | $166,211,711 |