Wasco Electric Cooperative Inc
- Assets
- $33.4m
- Revenue
- $13.1m
- Investments
- $0.0
- Employees
- 21
- Location
- The Dalles, OR
- Founding
- 12/1941
- Data as of
- 12/2021
- EIN
- 93-0306737
Organization Overview
Wasco Electric Cooperative Inc is located in The Dalles, OR. The organization was established in 1941. 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, Wasco Electric Cooperative Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wasco Electric Cooperative 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, Wasco Electric Cooperative Inc generated $13.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $11.7m during the year ending 12/2021. While expenses have increased by 2.3% 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
WASCO ELECTRIC COOPERATIVE, INC. WILL PROVIDE ITS MEMBERS WITH COMPETITIVELY PRICED, RELIABLE ENERGY AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASCO ELECTRIC COOPERATIVE, INC WILL PROVIDE ITS MEMBERS WITH COMPETITIVELY PRICED, RELIABLE ENERGY AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Davis General Manager | Officer | 41 | $256,553 |
Frank Roeder Line Foreman | 53 | $194,951 | |
Brian Vosburgh Manager Of Operations | 42 | $170,492 | |
Brandon Ayres Journeyman | 47 | $167,015 | |
Wesley Woods Line Foreman | 49 | $164,905 | |
Gabriel Red Cloud Line Foreman | 48 | $158,595 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Global Network Support Inc I.t. Support | 12/30/21 | $155,134 |
Osmose Utilities Services Inc Pole Testing | 12/30/21 | $259,579 |
Trees Inc Right Of Way Clearing | 12/30/21 | $590,824 |
Magnum Power Llc Construction | 12/30/21 | $1,398,574 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $464,418 |
| 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 | $464,418 |
| Total Program Service Revenue | $11,729,332 |
| Investment income | $43,938 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,089,823 |
| 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 | $548,357 |
| Compensation of current officers, directors, key employees. | $1,232,762 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,517,057 |
| Pension plan accruals and contributions | $525,944 |
| Other employee benefits | $444,231 |
| Payroll taxes | $172,539 |
| 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 | $8,341 |
| Office expenses | $280,818 |
| Information technology | $171,699 |
| 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 | $507,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,202,169 |
| Insurance | $61,842 |
| All other expenses | -$1,005,363 |
| Total functional expenses | $11,674,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $300 |
| Savings and temporary cash investments | $1,544,010 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $147,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $568,909 |
| Prepaid expenses and deferred charges | $200,222 |
| Net Land, buildings, and equipment | $29,620,701 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,349,287 |
| Total assets | $33,431,100 |
| Accounts payable and accrued expenses | $537,500 |
| 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 | $12,647,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,327,600 |
| Total liabilities | $14,512,675 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,305 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $18,903,120 |
| Total liabilities and net assets/fund balances | $33,431,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Midstate Electric Cooperative Inc La Pine, OR | $76,704,845 | $36,643,813 |
Orcas Power & Light Cooperative Eastsound, WA | $113,042,035 | $35,371,006 |
Columbia Rural Electric Association Inc Walla Walla, WA | $105,545,364 | $36,917,429 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Salem Electric Salem, OR | $70,962,090 | $31,105,436 |
Plumas-Sierra Rural Electric Cooperative Inc Portola, CA | $104,014,958 | $28,694,760 |