Moon Lake Electric Association Inc
- Assets
- $157.5m
- Revenue
- $84.3m
- Investments
- $0.0
- Employees
- 110
- Location
- Roosevelt, UT
- Founding
- 11/1942
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Moon Lake Electric Association Inc generated $84.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $80.8m during the year ending 12/2022. While expenses have increased by 20.7% per year over the past 8 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant J Earl General Manager/ceo - Retired | Officer | 40 | $242,828 |
Yankton Johnson General Manager/ceo | Officer | 40 | $213,814 |
Michael J Griffiths Manager - Engineering | Officer | 40 | $193,799 |
Robert Uresk Manager - Operations - Retired | Officer | 40 | $173,103 |
John Zilles Cfo/manager Of Finance | Officer | 40 | $145,329 |
Curtis F Miles Manager - Operations | 40 | $144,752 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Straight Shot Oilfield Services Line Contractor | 12/30/22 | $558,388 |
Pole Position Llc Pole Inspections | 12/30/22 | $493,000 |
Power Systems Diagnostics Substation Inspection & Repairs | 12/30/22 | $303,270 |
S&s Enterprises Of Moab Inc Construction Services | 12/30/22 | $346,608 |
Electrical Consultants Inc Engineering Services | 12/30/22 | $251,901 |
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 | $83,401,526 |
| Investment income | $780,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,146 |
| Net Gain/Loss on Asset Sales | $19,743 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,270,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,397 |
| Grants and other assistance to domestic individuals. | $24,382 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $13,695 |
| Compensation of current officers, directors, key employees. | $838,955 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,462,494 |
| Pension plan accruals and contributions | $1,181,538 |
| Other employee benefits | $1,711,334 |
| Payroll taxes | $490,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,996 |
| Fees for services: Accounting | $14,438 |
| 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 | $1,032,645 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,420,093 |
| Insurance | $0 |
| All other expenses | $736,222 |
| Total functional expenses | $80,826,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950 |
| Savings and temporary cash investments | $7,578,183 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,307,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,408 |
| Inventories for sale or use | $5,317,228 |
| Prepaid expenses and deferred charges | $596,675 |
| Net Land, buildings, and equipment | $87,478,402 |
| Investments—publicly traded securities | $41,277,824 |
| Investments—other securities | $0 |
| Investments—program-related | $1,390,832 |
| Intangible assets | $0 |
| Other assets | $4,524,739 |
| Total assets | $157,473,371 |
| Accounts payable and accrued expenses | $12,260,671 |
| 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 | $32,641,174 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,188,258 |
| Total liabilities | $52,090,103 |
| 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 | $101,939,724 |
| Retained earnings, endowment, accumulated income, or other funds | $3,443,544 |
| Total liabilities and net assets/fund balances | $157,473,371 |
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 |
Powder River Energy Corporation Sundance, WY | $476,284,680 | $160,024,088 |
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 |