Pacific Northwest Generating Cooperative
- Assets
- $53.0m
- Revenue
- $164.7m
- Investments
- $23.7m
- Employees
- 19
- Location
- Clackamas, OR
- Founding
- 07/2000
- Data as of
- 09/2021
- EIN
- 93-1192140
Organization Overview
Pacific Northwest Generating Cooperative is located in Clackamas, OR. The organization was established in 2000. 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 09/2021, Pacific Northwest Generating Cooperative employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Northwest Generating Cooperative 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 09/2021, Pacific Northwest Generating Cooperative generated $164.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $163.3m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. 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
THE COOPERATIVE IS RESPONSIBLE FOR MEETING THE ELECTRIC POWER AND TRANSMISSION REQUIREMENTS OF ITS DISTRIBUTION COOPERATIVE MEMBER-OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETING THE ELECTRIC POWER AND TRANSMISSION REQUIREMENTS OF ITS DISTRIBUTION COOPERATIVE MEMBER-OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Gray President & CEO | Officer | 40 | $428,853 |
Christopher Hill General Counsel | Officer | 40 | $218,779 |
Jon R Wissler VP & CFO | Officer | 40 | $196,495 |
Gregory Mendonca VP Power Supply | Officer | 40 | $156,359 |
Teresa J Skreen VP Administration | Officer | 40 | $155,205 |
Steven L King Generation Resources Mgr | 40 | $148,019 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Wright Tremaine Llp Legal Consultation | 9/29/21 | $153,194 |
Eversheds Sutherland Legal Consultation | 9/29/21 | $118,417 |
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 | $164,167,320 |
| Investment income | $327,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $235,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,730,545 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $1,749,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $883,798 |
| Pension plan accruals and contributions | $341,760 |
| Other employee benefits | $241,341 |
| Payroll taxes | $189,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $246,033 |
| Fees for services: Accounting | $43,800 |
| Fees for services: Lobbying | $18,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,751 |
| Advertising and promotion | $0 |
| Office expenses | $168,145 |
| Information technology | $308,635 |
| Royalties | $0 |
| Occupancy | $174,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,171 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $644,913 |
| Insurance | $218,660 |
| All other expenses | $95 |
| Total functional expenses | $163,344,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,551 |
| Savings and temporary cash investments | $8,253,688 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,107,388 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,831 |
| Prepaid expenses and deferred charges | $282,897 |
| Net Land, buildings, and equipment | $7,679,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $23,695,427 |
| Investments—program-related | $93,624 |
| Intangible assets | $10,000 |
| Other assets | $661,688 |
| Total assets | $52,953,667 |
| Accounts payable and accrued expenses | $14,928,028 |
| 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 | $703,125 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,535,893 |
| Total liabilities | $28,167,046 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $166,818 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $24,619,803 |
| Total liabilities and net assets/fund balances | $52,953,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Umatilla Electric Cooperative Association Hermiston, OR | $344,848,374 | $277,344,342 |
Pacific Northwest Generating Cooperative Clackamas, OR | $52,953,667 | $164,730,545 |
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 |