H-D Electric Cooperative Inc

Organization Overview

H-D Electric Cooperative Inc is located in Clear Lake, SD. 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, H-D Electric Cooperative Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H-D 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, H-D Electric Cooperative Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $12.7m during the year ending 12/2021. While expenses have increased by 3.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SAFE RELIABLE HIGH QUALITY ELECTRIC SERVICE AT THE BEST VALUE POSSIBLE TO OUR MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,876 MEMBERS AND MAINTAINED AND ADDED OR REPLACED VARIOUS ELECTRICAL LINES.


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Board, Officers & Key Employees

Name (title)Compensation
Matthew Hotzler
General Manager
$157,944
Troy Kwasniewski
Operations Manager
$117,947
Annette Aberle
Finance Admin Mgr
$101,969
Dale Williams
Board Director
$6,865
Kevin Deboer
Board Director
$6,490
Steven Hansen
Board Treasurer
$5,615

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$12,619,972
Investment income $57,914
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,591
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $46,477
Miscellaneous Revenue$0
Total Revenue $12,726,954

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