Mt Wheeler Power Inc
- Assets
- $63.6m
- Revenue
- $42.7m
- Investments
- $0.0
- Employees
- 44
- Location
- Ely, NV
- Founding
- 05/1972
- Data as of
- 12/2023
- EIN
- 88-0106922
Organization Overview
Mt Wheeler Power Inc is located in Ely, NV. The organization was established in 1972. 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, Mt Wheeler Power Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Wheeler Power 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, Mt Wheeler Power Inc generated $42.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $42.7m during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 7,605 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerald Anderson Secretary | OfficerTrustee | 11.5 | $16,470 |
Rick Hendrix President | OfficerTrustee | 14 | $17,220 |
Mary Kerner Treasurer | OfficerTrustee | 2.3 | $11,720 |
Ronald Miller Secretary (jan-May) | OfficerTrustee | 2.2 | $4,456 |
Ron Niman Vice President | OfficerTrustee | 2.3 | $10,720 |
Cody Odgers Director | Trustee | 2.3 | $10,970 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Intermountain Consumer Prof Engineers Engineering Services | 12/30/23 | $242,310 |
Cache Valley Electric Company Line Construction | 12/30/23 | $241,942 |
Professional Computer Solutions Software Fees And Maintenance | 12/30/23 | $195,653 |
Chavira Tree Trimming Tree Trimming Services | 12/30/23 | $138,270 |
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 | $42,231,355 |
| Investment income | $148,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,500 |
| Net Gain/Loss on Asset Sales | $18,650 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,658,040 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,614 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $838,741 |
| Compensation of current officers, directors, key employees. | $997,309 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,106,878 |
| Pension plan accruals and contributions | $323,034 |
| Other employee benefits | $647,476 |
| Payroll taxes | $247,139 |
| 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 | $879,465 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,520,177 |
| Insurance | $0 |
| All other expenses | $666,306 |
| Total functional expenses | $42,727,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,059 |
| Savings and temporary cash investments | $2,334,001 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,736,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,153,941 |
| Prepaid expenses and deferred charges | $941,568 |
| Net Land, buildings, and equipment | $46,636,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,011,813 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,550,937 |
| Accounts payable and accrued expenses | $4,518,742 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,031,604 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,765,848 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,978,942 |
| Total liabilities | $27,295,136 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $23,860 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $36,231,941 |
| Total liabilities and net assets/fund balances | $63,550,937 |