Ravalli County Electric Cooperative Inc
- Assets
- $46.1m
- Revenue
- $18.6m
- Investments
- $35.9k
- Employees
- 38
- Location
- Victor, MT
- Founding
- 10/1938
- Data as of
- 12/2023
- EIN
- 81-0186335
Organization Overview
Ravalli County Electric Cooperative Inc is located in Victor, MT. The organization was established in 1938. 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, Ravalli County Electric Cooperative Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ravalli County 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, Ravalli County Electric Cooperative Inc generated $18.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $18.5m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 8 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
RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE SOUTHWESTERN PORTION OF MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOPERATIVE RESOURCES AND ACTIVITIES ARE RELATED TO PROVIDING DISTRIBUTION OF ELECTRICAL POWER AND SERVICES TO MEMBERS AND PATRONS LOCATED IN SOUTHWEST MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Grotbo General Manager | Officer | 47.5 | $343,894 |
Kyle Kearns Mgr Of Ops | 46.6 | $162,448 | |
Daniel Kratofil Service Lineman | 46.8 | $143,622 | |
Todd Irwin Apparataus Lineman | 44.1 | $130,122 | |
Kenneth Buhler Lineman | 43.5 | $127,788 | |
Matthew Olson Lineman | 46.5 | $137,685 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J5 Consruction Construction | 12/30/23 | $189,500 |
Montana Electric Coop Association Membership Association | 12/30/23 | $179,800 |
Rocky Mountain Line Inc Line Construction | 12/30/23 | $143,455 |
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 | $17,955,347 |
| Investment income | $193,975 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,106 |
| Net Gain/Loss on Asset Sales | $249,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,569,745 |
| 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 | $705,868 |
| Compensation of current officers, directors, key employees. | $834,357 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,956,884 |
| Pension plan accruals and contributions | $458,287 |
| Other employee benefits | $540,516 |
| Payroll taxes | $333,664 |
| Fees for services: Management | $37,350 |
| Fees for services: Legal | $24,912 |
| Fees for services: Accounting | $22,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,239 |
| Office expenses | $13,772 |
| Information technology | $79,688 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $123,899 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,122 |
| Interest | $978,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,067,789 |
| Insurance | $122,029 |
| All other expenses | -$2,119,319 |
| Total functional expenses | $18,496,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,707 |
| Savings and temporary cash investments | $432,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,748,198 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,812,378 |
| Prepaid expenses and deferred charges | $339,601 |
| Net Land, buildings, and equipment | $38,632,206 |
| Investments—publicly traded securities | $580,503 |
| Investments—other securities | $35,909 |
| Investments—program-related | $1,368,501 |
| Intangible assets | $86,030 |
| Other assets | $0 |
| Total assets | $46,106,621 |
| Accounts payable and accrued expenses | $2,601,817 |
| 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 | $22,161,169 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,637,084 |
| Total liabilities | $28,400,070 |
| 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 | $2,828,464 |
| Retained earnings, endowment, accumulated income, or other funds | $14,878,087 |
| Total liabilities and net assets/fund balances | $46,106,621 |