Harney Electric Cooperative Inc
- Assets
- $32.2m
- Revenue
- $16.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Hines, OR
- Founding
- 10/1959
- Data as of
- 12/2021
- EIN
- 93-0454456
Organization Overview
Harney Electric Cooperative Inc is located in Hines, OR. The organization was established in 1959. 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, Harney Electric Cooperative Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harney 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, Harney Electric Cooperative Inc generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $16.1m during the year ending 12/2021. While expenses have increased by 4.0% 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
TO PROVIDE LOW COST ELECTRICITY TO OUR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARNEY ELECTRIC COOPERATIVE, INC., IS A RURAL ELECTRIC COOPERATIVE PROVIDING ELECTRIC SERVICES TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Flippence General Manager | Officer | 40 | $211,886 |
Jason Hill Operations Mngr | 40 | $156,421 | |
Michael Estrada Foreman | 46 | $133,158 | |
Jason Radinovich Line Super | 40 | $129,955 | |
Shane Sweet Engineer | 40 | $129,183 | |
Charles Knox Foreman | 44 | $125,021 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Probst Electric Inc Line Construction | 12/30/18 | $2,960,447 |
Brown & Kysar Inc Project Planning | 12/30/18 | $158,388 |
National Information Solutions Software & Implement | 12/30/18 | $119,983 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $446,249 |
| 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 | $446,249 |
| Total Program Service Revenue | $15,582,279 |
| Investment income | $8,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,318 |
| Net Gain/Loss on Asset Sales | $11,152 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,091,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,971,111 |
| Compensation of current officers, directors, key employees. | $477,367 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,006,814 |
| Pension plan accruals and contributions | $246,945 |
| Other employee benefits | $515,301 |
| Payroll taxes | $175,636 |
| 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 | $338,143 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,429,543 |
| Insurance | $0 |
| All other expenses | -$3,037,501 |
| Total functional expenses | $16,091,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,786,940 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $791,104 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $787,348 |
| Prepaid expenses and deferred charges | $53,032 |
| Net Land, buildings, and equipment | $22,461,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $274,308 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,154,008 |
| Accounts payable and accrued expenses | $1,322,355 |
| 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 | $9,904,285 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,204,284 |
| Total liabilities | $12,430,924 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $12,420 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,096,869 |
| Retained earnings, endowment, accumulated income, or other funds | $18,613,795 |
| Total liabilities and net assets/fund balances | $32,154,008 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Harney Electric Cooperative Inc has recieved totaling $184,476.
| Awarding Organization | Amount |
|---|---|
National Fish And Wildlife Foundation Washington, DC PURPOSE: CONSERVATION PROJECTS | $184,476 |
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 |