Consumers Power Inc
- Assets
- $154.4m
- Revenue
- $47.2m
- Investments
- $0.0
- Employees
- 83
- Location
- Philomath, OR
- Founding
- 03/1940
- Data as of
- 12/2022
- 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 12/2022, Consumers Power Inc employed 83 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 12/2022, Consumers Power Inc generated $47.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $46.5m during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 4 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
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 | $283,718 |
James Ramseyer Assistant General Manager | 40 | $203,121 | |
Billy H Terry Chief Operating Officer | Officer | 40 | $231,612 |
Scott A Muller Treasurer/cfo | Officer | 40 | $192,776 |
Aric T Williamson Foreman | 43 | $200,963 | |
Shawn Foultner Meter/relay Technician | 48 | $190,479 |
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 | $46,634,874 |
| Investment income | $587,348 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,355 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,215,867 |
| 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 | $1,035,559 |
| Compensation of current officers, directors, key employees. | $793,606 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,760,374 |
| 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 | $3,057,089 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,071,436 |
| Insurance | $0 |
| All other expenses | $1,419,621 |
| Total functional expenses | $46,459,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,028,699 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,538,867 |
| Prepaid expenses and deferred charges | $1,187,550 |
| Net Land, buildings, and equipment | $116,742,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $17,345,095 |
| Intangible assets | $0 |
| Other assets | $1,934,681 |
| Total assets | $154,350,718 |
| Accounts payable and accrued expenses | $2,579,385 |
| 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 | $84,485,707 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,100,094 |
| Total liabilities | $92,165,186 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $18,714 |
| Paid-in or capital surplus, or land, building, or equipment fund | $15,307,129 |
| Retained earnings, endowment, accumulated income, or other funds | $46,859,689 |
| Total liabilities and net assets/fund balances | $154,350,718 |