High Plains Power Inc
- Assets
- $149.7m
- Revenue
- $74.8m
- Investments
- $0.0
- Employees
- 54
- Location
- Riverton, WY
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 84-1414521
Organization Overview
High Plains Power Inc is located in Riverton, WY. The organization was established in 1998. 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, High Plains Power Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Plains Power 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, High Plains Power Inc generated $74.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $74.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 7 years. 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
SERVE THE MEMBER/OWNERS UNDER THE COOPERATIVE PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS PURPOSE IS TO PROVIDE RELIABLE, AFFORDABLE ELECTRIC SERVICE TO ITS MEMBERS WITHIN ITS SERVICE TERRITORY IN RURAL NORTH CENTRAL WYOMING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darick Eisenbraun CEO | Officer | 40 | $161,570 |
Cj Caress COO January - June | Officer | 40 | $124,387 |
Brian Heiner Line Foreman | 47 | $113,726 | |
Eric Mcdonald Meter Foreman | 43 | $107,400 | |
Gabe Bouse Line Foreman | 45 | $106,789 | |
JD Watson Foreman | 43 | $105,739 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wright Tree Service Inc Tree Trimming | 12/30/20 | $416,399 |
Advanced Line Systems Llc Boring | 12/30/20 | $206,783 |
T-y Excavation Inc Boring | 12/30/20 | $186,260 |
Power Pole Inspections Pole Inspections | 12/30/20 | $108,453 |
The Locators Llc Locating Lines | 12/30/20 | $123,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,030,200 |
| 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 | $1,030,200 |
| Total Program Service Revenue | $72,085,990 |
| Investment income | $1,643,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,809,988 |
| 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 | $4,058,781 |
| Compensation of current officers, directors, key employees. | $656,652 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,559,397 |
| Pension plan accruals and contributions | $233,841 |
| Other employee benefits | $308,468 |
| Payroll taxes | $165,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,914 |
| Fees for services: Accounting | $14,350 |
| 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 | $261,551 |
| 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 | $1,774,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,799,228 |
| Insurance | $0 |
| All other expenses | $680,051 |
| Total functional expenses | $74,751,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $766,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,798,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,201,385 |
| Prepaid expenses and deferred charges | $502,433 |
| Net Land, buildings, and equipment | $69,200,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $72,235,629 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $149,704,644 |
| Accounts payable and accrued expenses | $8,620,884 |
| 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 | $38,694,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000,000 |
| Total liabilities | $49,315,420 |
| 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 | $12,046,672 |
| Retained earnings, endowment, accumulated income, or other funds | $88,342,552 |
| Total liabilities and net assets/fund balances | $149,704,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Plata Electric Association Inc Durango, CO | $287,521,885 | $109,650,926 |
Sioux Valley-Southwestern Electric Cooperative Inc Colman, SD | $299,619,509 | $95,033,427 |
Moon Lake Electric Association Inc Roosevelt, UT | $157,473,371 | $84,270,268 |
High Plains Power Inc Riverton, WY | $149,704,644 | $74,809,988 |
Delta-Montrose Electric Association Montrose, CO | $233,268,073 | $81,764,019 |
Yampa Valley Electric Association Inc Steamboat Springs, CO | $179,531,578 | $73,016,013 |
Lower Valley Energy Inc Afton, WY | $312,114,980 | $67,991,433 |
San Isabel Electric Association Inc Pueblo, CO | $183,301,456 | $59,570,758 |
High West Energy Inc Pine Bluffs, WY | $157,339,453 | $55,691,852 |
Kootenai Electric Cooperative Inc Hayden, ID | $200,587,122 | $58,518,255 |
Empire Electric Association Inc Cortez, CO | $122,070,999 | $55,026,165 |
Highline Electric Association Holyoke, CO | $120,404,773 | $52,509,823 |