Moon Lake Electric Association Inc
- Assets
- $158.8m
- Revenue
- $95.6m
- Investments
- $0.0
- Employees
- 110
- Location
- Roosevelt, UT
- Founding
- 11/1942
- Data as of
- 12/2023
- EIN
- 87-0154903
Organization Overview
Moon Lake Electric Association Inc is located in Roosevelt, UT. The organization was established in 1942. 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 12/2023, Moon Lake Electric Association Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moon Lake Electric Association 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 12/2023, Moon Lake Electric Association Inc generated $95.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $85.3m during the year ending 12/2023. While expenses have increased by 32.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A SAFE AND EFFICIENT ELECTRICAL SYSTEM TO DELIVER POWER TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A SAFE AND EFFICIENT ELECTRICAL SYSTEM TO DELIVER POWER TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yankton A Johnson General Manager/ceo | Officer | 40 | $302,877 |
Michael J Griffiths Manager - Engineering | Officer | 40 | $202,148 |
Curtis F Miles Manager - Operations | Officer | 40 | $189,746 |
Nathan D Goodrich Manager Of Information Technology | Officer | 40 | $172,534 |
John Zilles Manager Of Finance/cfo | Officer | 40 | $158,233 |
Dean Sellers Manager - Legal & Hr | Officer | 40 | $132,465 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Power Systems Diagnostics Substation Inspection & Repairs | 12/30/23 | $287,238 |
David K Servic Co Inc Tree Trimming Services | 12/30/23 | $167,200 |
Electrical Consultants Inc Engineering Services | 12/30/23 | $297,419 |
Pole Position Llc Pole Inspections | 12/30/23 | $108,457 |
High Voltage Inc Construction Services | 12/30/23 | $108,390 |
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 | $93,492,747 |
| Investment income | $1,976,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $65,320 |
| Net Gain/Loss on Asset Sales | $110,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $95,645,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,012 |
| Grants and other assistance to domestic individuals. | $26,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $16,800 |
| Compensation of current officers, directors, key employees. | $1,259,066 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,554,205 |
| Pension plan accruals and contributions | $1,615,891 |
| Other employee benefits | $1,514,814 |
| Payroll taxes | $531,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,800 |
| 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 | $1,389,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,522,383 |
| Insurance | $0 |
| All other expenses | $682,412 |
| Total functional expenses | $85,255,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950 |
| Savings and temporary cash investments | $9,594,189 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,937,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,847,575 |
| Inventories for sale or use | $7,912,564 |
| Prepaid expenses and deferred charges | $690,292 |
| Net Land, buildings, and equipment | $82,595,360 |
| Investments—publicly traded securities | $37,746,283 |
| Investments—other securities | $0 |
| Investments—program-related | $1,390,832 |
| Intangible assets | $0 |
| Other assets | $4,044,466 |
| Total assets | $158,759,790 |
| Accounts payable and accrued expenses | $12,205,693 |
| 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 | $31,525,025 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,255,809 |
| Total liabilities | $51,986,527 |
| 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 | $96,383,345 |
| Retained earnings, endowment, accumulated income, or other funds | $10,389,918 |
| Total liabilities and net assets/fund balances | $158,759,790 |