Missoula Electric Cooperative Inc
- Assets
- $70.3m
- Revenue
- $24.4m
- Investments
- $1.2m
- Employees
- 42
- Location
- Missoula, MT
- Founding
- 09/1944
- Data as of
- 12/2021
- EIN
- 81-0168065
Organization Overview
Missoula Electric Cooperative Inc is located in Missoula, MT. The organization was established in 1944. 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, Missoula Electric Cooperative Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missoula 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, Missoula Electric Cooperative Inc generated $24.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $23.4m during the year ending 12/2021. While expenses have increased by 2.0% 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
MISSOULA ELECTRIC COOPERATIVE, INC. STRIVES TO UPHOLD A COMMITMENT TO SERVICE EXCELLENCE, WHILE DELIVERING SAFE, AFFORDABLE AND RELIABLE ELECTRICIY TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO APPROXIMATELY 12,700 MEMBERS IN MONTANA (SIX COUNTIES) AND IDAHO (ONE COUNTY).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Hayden General Manager | Officer | 40 | $262,736 |
Joseph Smith COO | Officer | 40 | $162,043 |
Mitchell Dupree Foreman | 40 | $146,657 | |
Keven Kuhn Cto | 40 | $142,654 | |
Keelie Montalban CFO | Officer | 40 | $139,331 |
Erik Langaunet Engineering Manage | 40 | $134,410 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jordan Transformer Llc Transformer Repair, Test | 12/30/21 | $427,469 |
Asplundh Tree Expert Co Right Of Way Tree Cl | 12/30/21 | $264,186 |
Rml Inc Line Contractor | 12/30/21 | $364,375 |
Rocky Mountain Contractors Inc Line Contractor | 12/30/21 | $2,108,787 |
Altec Industries Inc Truck Repair And Sales | 12/30/21 | $304,975 |
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 | $23,102,174 |
| Investment income | $322,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $63,260 |
| Net Gain/Loss on Asset Sales | $97,545 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,430,918 |
| 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 | $1,616,128 |
| Compensation of current officers, directors, key employees. | $952,184 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,369,166 |
| Pension plan accruals and contributions | $738,040 |
| Other employee benefits | $748,356 |
| Payroll taxes | $361,834 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,326 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $2,607 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,441 |
| Advertising and promotion | $231,855 |
| Office expenses | $65,622 |
| Information technology | $265,484 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,957 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $110,573 |
| Interest | $1,130,732 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,419,475 |
| Insurance | $147,665 |
| All other expenses | -$5,911,621 |
| Total functional expenses | $23,427,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $712,140 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,079,589 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,886,236 |
| Prepaid expenses and deferred charges | $1,079,983 |
| Net Land, buildings, and equipment | $57,603,916 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,226,512 |
| Investments—program-related | $4,731,111 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $70,319,487 |
| Accounts payable and accrued expenses | $4,637,545 |
| 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 | $29,228,151 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,526,608 |
| Total liabilities | $36,392,304 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $8,401,876 |
| Retained earnings, endowment, accumulated income, or other funds | $25,525,307 |
| Total liabilities and net assets/fund balances | $70,319,487 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Missoula Electric Cooperative Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Seeley Lake Community Foundation Seeley Lake, MT PURPOSE: EDUCATION | $10,000 |
Seeley Lake Community Foundation Seeley Lake, MT PURPOSE: EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Electric Cooperative Inc Bismarck, ND | $133,692,620 | $42,124,624 |
Northern Plains Electric Cooperative Carrington, ND | $137,367,234 | $41,884,973 |
West River Electric Association Inc Wall, SD | $136,764,788 | $38,874,089 |
Yellowstone Valley Electric Cooperative Inc Huntley, MT | $80,881,351 | $39,379,515 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Northern Electric Cooperative Incorporated Bath, SD | $94,862,392 | $30,596,748 |
Lower Yellowstone Rural Electric Association Inc Sidney, MT | $85,844,658 | $30,782,801 |
Slope Electric Cooperative Inc New England, ND | $117,902,274 | $28,340,971 |
Dakota Energy Cooperative Inc Huron, SD | $57,340,254 | $26,541,158 |
Fergus Electric Cooperative Inc Lewistown, MT | $53,583,115 | $31,455,586 |
North Central Electric Cooperative Inc Bottineau, ND | $91,530,446 | $24,381,675 |
Missoula Electric Cooperative Inc Missoula, MT | $70,319,487 | $24,430,918 |