Mountrail-Williams Electric Cooperative Inc
- Assets
- $893.3m
- Revenue
- $463.6m
- Investments
- $500.0
- Employees
- 143
- Location
- Williston, ND
- Founding
- 09/1949
- Data as of
- 12/2023
- EIN
- 45-0216732
Organization Overview
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 12/2023, Mountrail-Williams Electric Cooperative Inc employed 143 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 12/2023, Mountrail-Williams Electric Cooperative Inc generated $463.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $461.4m during the year ending 12/2023. While expenses have increased by 8.6% per year over the past 9 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
2023
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 8,442 MEMBERS SERVICING 5,446 MILES OF LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Grant Chairperson | OfficerTrustee | 9.4 | $28,273 |
Blaine Jorgenson Secretary | OfficerTrustee | 7.8 | $16,393 |
Garrett Lalim Vice Chairperson | OfficerTrustee | 6.1 | $16,195 |
Kyle Detienne Treasurer | OfficerTrustee | 6.8 | $23,055 |
Charlene Aubol Director | Trustee | 9.3 | $29,371 |
Jennifer Wade Director | Trustee | 8.3 | $19,418 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anderson & Wood Construction Electric Substation & Transmission Const | 12/30/23 | $9,937,448 |
J Grubl Excavating Electric Distribution Construction | 12/30/23 | $8,071,023 |
Keller Construction Llc Electric Distribution Construction | 12/30/23 | $3,524,806 |
Hdr Engineering Inc Electrical Engineering | 12/30/23 | $2,308,139 |
Jrg Power Llc Electric Distribution Construction | 12/30/23 | $1,260,301 |
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 | $461,375,148 |
| Investment income | $2,126,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,604 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $76,109 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $463,576,484 |
| 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 | $52,848,618 |
| Compensation of current officers, directors, key employees. | $1,083,276 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,412,245 |
| Pension plan accruals and contributions | $3,424,737 |
| Other employee benefits | $0 |
| Payroll taxes | $1,121,631 |
| 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 | $16,767,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,200,560 |
| Insurance | $0 |
| All other expenses | -$13,481,254 |
| Total functional expenses | $461,449,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,971,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,100,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,524,298 |
| Prepaid expenses and deferred charges | $52,496,759 |
| Net Land, buildings, and equipment | $581,875,453 |
| Investments—publicly traded securities | $809,654 |
| Investments—other securities | $500 |
| Investments—program-related | $164,385,964 |
| Intangible assets | $0 |
| Other assets | $99,500 |
| Total assets | $893,263,831 |
| Accounts payable and accrued expenses | $46,256,044 |
| Grants payable | $0 |
| Deferred revenue | $20,890,439 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,458 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $397,518,587 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,299,903 |
| Total liabilities | $503,966,431 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,785,704 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $373,511,696 |
| Total liabilities and net assets/fund balances | $893,263,831 |