Graham County Electric Cooperative Inc
- Assets
- $54.4m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 51
- Location
- Pima, AZ
- Founding
- 08/1947
- Data as of
- 12/2021
- EIN
- 86-0079733
Organization Overview
Graham County Electric Cooperative Inc is located in Pima, AZ. The organization was established in 1947. 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, Graham County Electric Cooperative Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Graham 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 12/2021, Graham County Electric Cooperative Inc generated $15.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $15.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.2%) 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
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 8,122 ACTIVE SERVICES, 953 MILES OF ELECTRIC DISTRIBUTION LINES AND 85 MILES OF TRANSMISSION LINES AT YEAR END.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Cook CEO | Officer | 50 | $155,904 |
Rusty Sherman Operations Manager | 50 | $120,098 | |
Juan Carreon Welder Journeyman | 51 | $112,984 | |
Manuel Talavera Foreman | 46 | $109,910 | |
Francisco Macario Lineman Journeyman | 49 | $107,508 | |
Than Ashby CFO | Officer | 50 | $104,123 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bowman Consulting Water System Engineering | 12/30/21 | $207,103 |
Osborn Maledon Legal Fees And Services | 12/30/21 | $122,760 |
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 | $13,913,862 |
| Investment income | $126,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,202 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,258,294 |
| 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 | $2,212,096 |
| Compensation of current officers, directors, key employees. | $383,944 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,347,110 |
| Pension plan accruals and contributions | $519,083 |
| Other employee benefits | $411,974 |
| Payroll taxes | $147,661 |
| 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 | $869,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,599,314 |
| Insurance | $0 |
| All other expenses | $34,163 |
| Total functional expenses | $15,078,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,694 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,442,713 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $626,203 |
| Inventories for sale or use | $1,152,024 |
| Prepaid expenses and deferred charges | $562,385 |
| Net Land, buildings, and equipment | $28,763,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,906,670 |
| Intangible assets | $0 |
| Other assets | $3,866,344 |
| Total assets | $54,360,204 |
| Accounts payable and accrued expenses | $2,748,522 |
| 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 | $16,318,121 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,555,015 |
| Total liabilities | $25,621,658 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $28,490 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,457 |
| Retained earnings, endowment, accumulated income, or other funds | $28,703,599 |
| Total liabilities and net assets/fund balances | $54,360,204 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Graham County Electric Cooperative Inc has recieved totaling $11,554.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND - TERRITORY THREAT | $11,554 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jemez Mountains Electric Cooperative Inc Espanola, NM | $130,164,432 | $49,848,005 |
Y W Electric Association Inc Colorado Rea 38 Akron, CO | $130,403,627 | $47,254,335 |
Dixie Escalante Rural Beryl, UT | $171,660,221 | $52,285,597 |
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
Morgan County Rural Electric Association Fort Morgan, CO | $104,279,755 | $45,102,816 |
Farmers Electric Cooperative Inc Of New Mexico Clovis, NM | $139,799,971 | $42,708,107 |
San Luis Valley Rural Electric Cooperative Inc Monte Vista, CO | $146,227,571 | $40,584,660 |
Mountain Parks Electric Inc Granby, CO | $112,547,054 | $41,154,955 |
Mt Wheeler Power Inc Ely, NV | $62,442,226 | $39,954,685 |
Central New Mexico Electric Cooperative Incorporated Mountainair, NM | $106,523,991 | $37,969,143 |
Southeast Colorado Power Association La Junta, CO | $108,651,331 | $38,826,688 |
Otero County Electric Cooperative Inc Cloudcroft, NM | $129,151,752 | $35,378,271 |