Mohave Electric Cooperative Inc
- Assets
- $252.2m
- Revenue
- $80.1m
- Investments
- $0.0
- Employees
- 102
- Location
- Bullhead City, AZ
- Founding
- 09/1955
- Data as of
- 12/2021
- EIN
- 86-0079750
Organization Overview
Mohave Electric Cooperative Inc is located in Bullhead City, AZ. The organization was established in 1955. 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, Mohave Electric Cooperative Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mohave 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, Mohave Electric Cooperative Inc generated $80.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $79.3m during the year ending 12/2021. While expenses have increased by 2.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOHAVE ELECTRIC IS A LOCALLY-BASED, NOT-FOR-PROFIT DISTRIBUTION COOPERATIVE, PROVIDING ELECTRICITY TO MORE THAN 47,000 METERS WITH OVER 1,500 MILES OF LINE IN THE COMMUNITIES OF BULLHEAD CITY, FORT MOHAVE, MOHAVE VALLEY, WILIEUP, HACKBERRY, AND PEACH SPRINGS.
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 |
|---|---|---|---|
J Tyler Carlson CEO | Officer | 40 | $658,030 |
Arden Lauxman CFO | Officer | 40 | $179,775 |
Richard Campos COO | Officer | 40 | $159,954 |
Heath Barker Cio | Officer | 40 | $141,797 |
Raymond Fleck Journeyman L | 48 | $139,929 | |
Jerry Hardy Mgr. Enginee | 40 | $125,287 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Four States Electric Inc Constructioin | 12/30/21 | $824,210 |
Hool Coury Law Plc Consultant - Le | 12/30/21 | $407,454 |
Asplundh Tree Expert Co Tree Trimmer Co | 12/30/21 | $360,714 |
Ch Guernsey & Company Engineering | 12/30/21 | $284,341 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,824,050 |
| 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 | $1,824,050 |
| Total Program Service Revenue | $76,990,078 |
| Investment income | $819,713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $273,728 |
| Net Gain/Loss on Asset Sales | -$61,794 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $80,080,972 |
| 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 | $4,439,723 |
| Compensation of current officers, directors, key employees. | $1,773,775 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $741,893 |
| 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 | $2,685,932 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,332,839 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $79,275,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,309 |
| Savings and temporary cash investments | $414,763 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,009,348 |
| Loans from Officers, Directors, or Controlling Persons | $12,892 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,000 |
| Inventories for sale or use | $1,633,620 |
| Prepaid expenses and deferred charges | $47,810,883 |
| Net Land, buildings, and equipment | $94,126,996 |
| Investments—publicly traded securities | $25,021,377 |
| Investments—other securities | $0 |
| Investments—program-related | $60,732,125 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $252,184,313 |
| Accounts payable and accrued expenses | $45,691,759 |
| Grants payable | $0 |
| Deferred revenue | $5,327,891 |
| 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 | $72,309,321 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,352,909 |
| Total liabilities | $137,681,880 |
| 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 | $114,502,433 |
| Total liabilities and net assets/fund balances | $252,184,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Rural Electric Association Sedalia, CO | $1,228,049,117 | $331,307,918 |
United Power Inc Brighton, CO | $596,297,380 | $312,195,991 |
Holy Cross Electric Assoc Inc Glenwood Springs, CO | $346,769,060 | $143,962,151 |
Poudre Valley Rural Electric Association Inc Fort Collins, CO | $294,330,752 | $138,618,060 |
Mountain View Electric Assoc Inc Limon, CO | $390,883,600 | $130,263,584 |
Sulphur Springs Valley Electric Cooperative Inc Willcox, AZ | $321,892,538 | $124,995,046 |
Trico Electric Cooperative Inc Marana, AZ | $268,045,549 | $107,861,208 |
La Plata Electric Association Inc Durango, CO | $287,521,885 | $109,650,926 |
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
Moon Lake Electric Association Inc Roosevelt, UT | $157,473,371 | $84,270,268 |
Mohave Electric Cooperative Inc Bullhead City, AZ | $252,184,313 | $80,080,972 |
Delta-Montrose Electric Association Montrose, CO | $233,268,073 | $81,764,019 |