Trico Electric Cooperative Inc
- Assets
- $268.0m
- Revenue
- $107.9m
- Investments
- $0.0
- Employees
- 142
- Location
- Marana, AZ
- Founding
- 03/1953
- Data as of
- 12/2021
- EIN
- 86-0082366
Organization Overview
Trico Electric Cooperative Inc is located in Marana, AZ. The organization was established in 1953. 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, Trico Electric Cooperative Inc employed 142 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trico Electric Cooperative 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, Trico Electric Cooperative Inc generated $107.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $107.9m during the year ending 12/2021. While expenses have increased by 2.8% 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.
Since 2014, Trico Electric Cooperative Inc has awarded 22 individual grants totaling $885,358. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 51,133 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Cathers Jan-Aug Chief Operating Officer | Officer | 60 | $456,955 |
Vincent Nitido Jan-Feb Chief Executive Officer/gm | Officer | 60 | $292,719 |
Brian Heithoff Chief Executive Officer/gm | Officer | 55 | $243,607 |
Eric Hawkins Chief Operating Officer | Officer | 50 | $182,549 |
Janice Rast Jan-Apr Chief Information Officer | Officer | 60 | $181,947 |
Gary Kelly Manager Of Engineering | 50 | $149,264 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Information Solutions Coop Software And Other Services | 12/30/21 | $763,102 |
Powerline Contractors West Inc Powerline Maintenance Contractor | 12/30/21 | $468,901 |
March Counsel Llc Legal | 12/30/21 | $306,043 |
One Call Locators Ltd Outage Location Services | 12/30/21 | $304,211 |
Diversified Design & Construction Construction Contractor | 12/30/21 | $291,593 |
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 | $107,332,062 |
| Investment income | $46,912 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,861,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,845 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $12,451,159 |
| Compensation of current officers, directors, key employees. | $1,826,299 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,233,707 |
| Pension plan accruals and contributions | $1,795,820 |
| Other employee benefits | $954,015 |
| Payroll taxes | $611,579 |
| 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 | $3,938,565 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,904,314 |
| Insurance | $0 |
| All other expenses | $352,121 |
| Total functional expenses | $107,878,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,009,639 |
| Savings and temporary cash investments | $9,000,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,936,376 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,040,578 |
| Prepaid expenses and deferred charges | $2,504,222 |
| Net Land, buildings, and equipment | $188,594,796 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $52,186,484 |
| Intangible assets | $0 |
| Other assets | $2,773,454 |
| Total assets | $268,045,549 |
| Accounts payable and accrued expenses | $8,240,915 |
| 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 | $116,945,236 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,519,827 |
| Total liabilities | $130,705,978 |
| 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 | $7,127,856 |
| Retained earnings, endowment, accumulated income, or other funds | $130,211,715 |
| Total liabilities and net assets/fund balances | $268,045,549 |
Grants Awarded
Over the last fiscal year, Trico Electric Cooperative Inc has awarded $72,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Phoenix, AZ PURPOSE: POWER GRANTS 2021 | $50,000 |
ALTAR VALLEY SCHOOL DISTRICT PURPOSE: POWER GRANTS 2021 | $8,500 |
Tucson, AZ PURPOSE: POWER GRANTS 2021 | $8,500 |
Arivaca, AZ PURPOSE: POWER GRANTS 2021 | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Rural Electric Association Sedalia, CO | $1,228,049,117 | $331,307,918 |
United Power Inc Brighton, CO | $596,297,380 | $312,195,991 |
Holy Cross Electric Assoc Inc Glenwood Springs, CO | $346,769,060 | $143,962,151 |
Poudre Valley Rural Electric Association Inc Fort Collins, CO | $294,330,752 | $138,618,060 |
Mountain View Electric Assoc Inc Limon, CO | $390,883,600 | $130,263,584 |
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 |