Mountain View Electric Assoc Inc
- Assets
- $455.3m
- Revenue
- $131.4m
- Investments
- $0.0
- Employees
- 184
- Location
- Limon, CO
- Founding
- 11/1959
- Data as of
- 12/2023
- EIN
- 84-0275175
Organization Overview
Mountain View Electric Assoc Inc is located in Limon, CO. The organization was established in 1959. 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, Mountain View Electric Assoc Inc employed 184 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain View Electric Assoc 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, Mountain View Electric Assoc Inc generated $131.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $131.4m during the year ending 12/2023. While expenses have increased by 2.8% 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
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 63,377 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Gordon Director | Trustee | 4.4 | $13,500 |
Edward Hertneky Director | Trustee | 3.9 | $9,300 |
Joseph Martin President | OfficerTrustee | 4.4 | $14,700 |
Milton Mathis Director | Trustee | 5.3 | $12,600 |
Kevin Paddock Secretary/treasurer | OfficerTrustee | 9.9 | $27,900 |
James Riggins Assistant Secretary | OfficerTrustee | 8.5 | $24,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foothills Energy Services Inc Distribution Plant Construction | 12/30/23 | $9,112,993 |
Benton Technical Services Inc Fiber Construction Contractor | 12/30/23 | $5,744,323 |
Ervin Cable Construction Llc Fiber Construction Contractor | 12/30/23 | $3,232,475 |
Gray Hawk Land Solutions Llc Fiber Right Of Way Services | 12/30/23 | $1,758,932 |
Altitude Energy Llc High-voltage Power Line Contractor | 12/30/23 | $1,458,917 |
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 | $129,419,736 |
| Investment income | $196,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,128,056 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,788 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $131,383,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,193 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,071,887 |
| Compensation of current officers, directors, key employees. | $1,865,520 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,144,068 |
| Pension plan accruals and contributions | $1,329,953 |
| Other employee benefits | $1,386,434 |
| Payroll taxes | $810,908 |
| 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 | $8,275,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,558,443 |
| Insurance | $0 |
| All other expenses | $936,658 |
| Total functional expenses | $131,383,562 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,194,975 |
| Savings and temporary cash investments | $2,013,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,078,898 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $23,170,557 |
| Prepaid expenses and deferred charges | $1,319,476 |
| Net Land, buildings, and equipment | $334,231,381 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $73,443,925 |
| Intangible assets | $0 |
| Other assets | $8,892,682 |
| Total assets | $455,344,894 |
| Accounts payable and accrued expenses | $18,845,074 |
| 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 | $272,622,767 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,136,778 |
| Total liabilities | $304,604,619 |
| 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 | $5,579,569 |
| Retained earnings, endowment, accumulated income, or other funds | $145,160,706 |
| Total liabilities and net assets/fund balances | $455,344,894 |
Grants Awarded
Over the last fiscal year, Mountain View Electric Assoc Inc has awarded $17,716 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ENERGY OUTREACH COLOARADO PURPOSE: 2021 DONATION TO HOME ENERGY ASSISTANCE PROGRAM | $12,714 |
COOPERATIVE FINANCE CORPORATION PURPOSE: INTEGRITY FUND CONTRIBUTION | $5,002 |