Empire Electric Association Inc
- Assets
- $126.0m
- Revenue
- $61.3m
- Investments
- $32.0k
- Employees
- 65
- Location
- Cortez, CO
- Founding
- 03/1950
- Data as of
- 12/2023
- EIN
- 84-6035888
Organization Overview
Empire Electric Association Inc is located in Cortez, CO. The organization was established in 1950. 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, Empire Electric Association Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empire Electric Association 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, Empire Electric Association Inc generated $61.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $61.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR PRIMARY MISSION IS TO SAFELY, RESPONSIBLY, AND RELIABLY MEET THE ELECTRICAL ENERGY NEEDS OF OUR MEMBER-OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRIC ENERGY TO CUSTOMERS LOCATED WITHIN OUR 3,410 SQUARE MILE CERTIFICATED AREA IN SOUTHWESTERN COLORADO AND SOUTHEASTERN UTAH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Dellinger General Manager | Officer | 41 | $280,921 |
Kenneth Tarr Operations Manager | Officer | 43 | $183,404 |
Christopher Snyder Business Services Admin | 40.5 | $145,709 | |
Scott Twilley Line Superintendent | 40 | $129,098 | |
Billy Branson System Technician | 42.5 | $129,526 | |
Dwight Sanders Working Foreman | 42 | $126,836 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ward Electric Company Contractor | 12/30/23 | $255,535 |
Asplundh Tree Expert Tree Trimming Serv | 12/30/23 | $441,528 |
National Information Solutions Coop Software Lic & Sup | 12/30/23 | $283,681 |
Mr Concrete And Construction Contractor | 12/30/23 | $230,954 |
Integrity Tree Services Llc Tree Trimming Serv | 12/30/23 | $204,570 |
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 | $58,941,434 |
| Investment income | $411,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,310 |
| Net Gain/Loss on Asset Sales | $1,838,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,345,793 |
| 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 | $4,515,672 |
| Compensation of current officers, directors, key employees. | $860,530 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $1,564,504 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,235,214 |
| Insurance | $0 |
| All other expenses | $620,031 |
| Total functional expenses | $61,446,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,360 |
| Savings and temporary cash investments | $9,487,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,980,685 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,039,138 |
| Prepaid expenses and deferred charges | $252,537 |
| Net Land, buildings, and equipment | $59,655,792 |
| Investments—publicly traded securities | $1,012,805 |
| Investments—other securities | $31,963 |
| Investments—program-related | $48,515,984 |
| Intangible assets | $0 |
| Other assets | $9,970 |
| Total assets | $125,990,099 |
| Accounts payable and accrued expenses | $8,442,555 |
| 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 | $39,157,031 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,244,599 |
| Total liabilities | $51,844,185 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $74,145,914 |
| Total liabilities and net assets/fund balances | $125,990,099 |