Mountrail-Williams Electric Cooperative Inc is located in Williston, ND. The organization was established in 1949. 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, Mountrail-Williams Electric Cooperative Inc employed 133 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountrail-Williams 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, Mountrail-Williams Electric Cooperative Inc generated $319.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $319.4m during the year ending 12/2021. While expenses have increased by 5.5% 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
MEET THE CHANGING NEEDS OF MEMBERS, PROVIDE EXCELLENT ELECTRIC SERVICE & IMPROVE THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 8,174 MEMBERS SERVICING 21,055 METERS AND 5,396 MILES OF LINE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dale L Haugen General Manager | Officer | 44.8 | $1,012,927 |
Jay P Lux CFO | Officer | 44.2 | $216,566 |
Alexios Vournas COO | 47.9 | $207,096 | |
Jerry Rehak Special Projects Manager | 40.6 | $187,200 | |
Chris Brostuen Key Accounts Manager | 43.9 | $183,634 | |
Leah Jonson Ellis In-House Legal Counsel | 43 | $179,654 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Anderson & Wood Construction Electric Substation & Transmission Const | 12/30/21 | $8,941,093 |
Jrg Power Llc Electric Distribution Construction | 12/30/21 | $973,199 |
Hdr Engineering Inc Electrical Engineering | 12/30/21 | $1,795,672 |
J Grubl Excavating Electric Distribution Construction | 12/30/21 | $6,015,671 |
Keller Construction Llc Electric Distribution Construction | 12/30/21 | $2,452,755 |
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 | $319,287,161 |
Investment income | $169,548 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $214,280 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$79,555 |
Miscellaneous Revenue | $0 |
Total Revenue | $319,591,434 |
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 | $37,037,026 |
Compensation of current officers, directors, key employees. | $1,622,886 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $172,702 |
Other salaries and wages | $12,608,513 |
Pension plan accruals and contributions | $3,065,479 |
Other employee benefits | $0 |
Payroll taxes | $1,003,247 |
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 | $15,665,107 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $20,895,395 |
Insurance | $0 |
All other expenses | -$12,644,345 |
Total functional expenses | $319,421,884 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $11,153,072 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $17,070,233 |
Loans from Officers, Directors, or Controlling Persons | $345 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $13,192,905 |
Prepaid expenses and deferred charges | $37,991,324 |
Net Land, buildings, and equipment | $534,972,982 |
Investments—publicly traded securities | $733,793 |
Investments—other securities | $500 |
Investments—program-related | $114,279,346 |
Intangible assets | $0 |
Other assets | $8,633 |
Total assets | $729,403,133 |
Accounts payable and accrued expenses | $26,296,914 |
Grants payable | $0 |
Deferred revenue | $12,820,595 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $1,452 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $350,472,891 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $29,239,066 |
Total liabilities | $418,830,918 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $13,584,993 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $296,987,222 |
Total liabilities and net assets/fund balances | $729,403,133 |
Organization Name | Assets | Revenue |
---|---|---|
Upper Missouri G & T Electric Cooperative Inc Sidney, MT | $346,340,988 | $649,145,791 |
Minnkota Power Cooperative Inc Grand Forks, ND | $1,140,468,068 | $406,680,982 |
Mckenzie Electric Cooperative Inc Watford City, ND | $422,129,232 | $371,972,199 |
Mountrail-Williams Electric Cooperative Inc Williston, ND | $729,403,133 | $319,591,434 |
East River Electric Power Cooperative Inc Madison, SD | $750,935,062 | $299,322,334 |
Dakota Electric Association Farmington, MN | $386,937,429 | $228,776,645 |
Central Power Electric Coop Inc Minot, ND | $419,743,548 | $167,780,988 |
Cass County Electric Cooperative Inc Fargo, ND | $311,989,434 | $149,157,181 |
Flathead Electric Cooperative Inc Kalispell, MT | $284,506,383 | $127,930,773 |
Nodak Electric Cooperative Inc Grand Forks, ND | $162,149,817 | $119,843,322 |
Wright-Hennepin Cooperative Electric Association Rockford, MN | $233,547,306 | $112,957,716 |
Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |