Consumers Power Inc
- Assets
- $143.9m
- Revenue
- $44.1m
- Investments
- $0.0
- Employees
- 74
- Location
- Philomath, OR
- Founding
- 03/1940
- Data as of
- 12/2021
- EIN
- 93-0122793
Organization Overview
Consumers Power Inc is located in Philomath, OR. The organization was established in 1940. 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, Consumers Power Inc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consumers 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 12/2021, Consumers Power Inc generated $44.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $41.8m during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES ELECTRIC SERVICE TO THE ORGANIZATION'S MEMBER-CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE, TRANSMIT AND SELL ELECTRIC ENERGY, AND FOR THIS PURPOSE, OPERATE AND MAINTAIN TRANSMISSION AND DISTRIBUTION LINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roman E Gillen President/ceo | Officer | 40 | $271,856 |
Billy H Terry Chief Operating Officer | Officer | 40 | $217,079 |
Thomas Oliver Director Of Engineering | 40 | $214,701 | |
Aric T Williamson Foreman | 53 | $201,252 | |
Brad A Jarmain Foreman | 54 | $194,637 | |
Cody M Collier Journeyman Lineman | 56 | $191,161 |
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 | $43,422,716 |
| Investment income | $495,350 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $192,560 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,110,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,037,795 |
| Compensation of current officers, directors, key employees. | $737,741 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,523,334 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $2,887,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,738,275 |
| Insurance | $0 |
| All other expenses | $1,326,097 |
| Total functional expenses | $41,794,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,394,512 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,177,733 |
| Prepaid expenses and deferred charges | $912,855 |
| Net Land, buildings, and equipment | $113,688,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,702,973 |
| Intangible assets | $0 |
| Other assets | $2,078,155 |
| Total assets | $143,908,796 |
| Accounts payable and accrued expenses | $2,903,873 |
| 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 | $75,899,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,681,278 |
| Total liabilities | $83,485,031 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $18,420 |
| Paid-in or capital surplus, or land, building, or equipment fund | $13,929,758 |
| Retained earnings, endowment, accumulated income, or other funds | $46,475,587 |
| Total liabilities and net assets/fund balances | $143,908,796 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Breakthrough Energy Foundation Kirkland, WA | $272,263,093 | $53,009,802 |
Central Electric Cooperative Inc Redmond, OR | $242,542,165 | $105,052,324 |
Oregon Trail Electric Consumers Cooperative Inc Baker City, OR | $131,875,952 | $59,383,158 |
Peninsula Light Company Inc Gig Harbor, WA | $206,412,044 | $64,241,054 |
Kootenai Electric Cooperative Inc Hayden, ID | $200,587,122 | $58,518,255 |
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
Big Bend Electric Cooperative Inc Ritzville, WA | $77,547,194 | $40,611,913 |
Coos-Curry Electric Cooperative Inc Port Orford, OR | $114,567,418 | $40,713,862 |
Mt Wheeler Power Inc Ely, NV | $62,442,226 | $39,954,685 |