Arizona Electric Power Cooperative Inc
- Assets
- $458.4m
- Revenue
- $235.3m
- Investments
- $10.8m
- Employees
- 236
- Location
- Benson, AZ
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 86-0176697
Organization Overview
Arizona Electric Power Cooperative Inc is located in Benson, AZ. The organization was established in 2001. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Arizona Electric Power Cooperative Inc employed 236 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arizona Electric Power 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, Arizona Electric Power Cooperative Inc generated $235.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $225.6m during the year ending 12/2021. While expenses have increased by 4.9% 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
SALE OF ELECTRIC POWER
Describe the Organization's Program Activity:
Part 3 - Line 4a
AEPCO IS A GENERATION COOPERATIVE THAT PROVIDES THE POWER NEEDS OF ITS MEMBER-OWNED DISTRIBUTION COOPERATIVES, PROVIDING ELECTRICITY TO MORE THAN 147,000 METERS.
TRANSMISSION COOPERATIVE THAT BRINGS LOCAL SUPPLY OF ELECTRICITY TO CUSTOMERS TO ENSURE RELIABLE AND ADEQUATE SUPPLY.
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 |
|---|---|---|---|
Patrick Ledger Current Chief Executive Of | Officer | 45 | $758,546 |
Jon Martell Key Employee | Officer | 45 | $291,289 |
Peter Scott Chief Financial Officer | Officer | 39.5 | $290,280 |
Benjamin Engelby General Counsel | Officer | 40 | $249,214 |
Mike Nelson Key Employee | Officer | 66 | $245,787 |
Barry Brown Key Employee | Officer | 45 | $244,402 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sms Construction Llc Construction Expenses | 12/30/21 | $1,537,204 |
Alliance For Cooperative Energy Services Power Trading Services | 12/30/21 | $3,737,152 |
D & M Well Service Llc Construction Expenses | 12/30/21 | $359,764 |
Davison Van Cleve Pc Legal Expenses | 12/30/21 | $300,721 |
Eversheds Sutherland (V#103205) Legal Expenses | 12/30/21 | $258,791 |
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 | $202,315,282 |
| Investment income | $446,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $175,840 |
| 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 | $235,277,760 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $2,493,044 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,335,791 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,091,530 |
| Payroll taxes | $1,405,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,400,100 |
| 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 | $1,220,806 |
| Advertising and promotion | $135,879 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $236,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,629,176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,753,782 |
| Insurance | $1,495,919 |
| All other expenses | $0 |
| Total functional expenses | $225,627,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,034,648 |
| Savings and temporary cash investments | $20,366,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,516,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $46,218,128 |
| Prepaid expenses and deferred charges | $29,204,742 |
| Net Land, buildings, and equipment | $318,266,088 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,827,986 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $458,434,453 |
| Accounts payable and accrued expenses | $25,214,481 |
| 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 | $146,173,123 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $110,600,163 |
| Total liabilities | $281,987,767 |
| 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 | $830 |
| Retained earnings, endowment, accumulated income, or other funds | $176,445,856 |
| Total liabilities and net assets/fund balances | $458,434,453 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Longshrmns & Warehsmn Union-Paci Mrtm Assoc Welfare Fund San Francisco, CA | $214,629,772 | $811,138,825 |
Teamsters Western Region And New Jersey Health Care Fund Phoenix, AZ | $2,785,434,314 | $1,104,803,734 |
United Food & Commercial Workers Unions & Food Employers Ben Fund Cypress, CA | $452,524,162 | $626,269,371 |
Ufcw & Employers Benefit Trust Fund Concord, CA | $525,821,847 | $559,658,551 |
Shell Medical Plan Phoenix, AZ | $59,819,611 | $509,542,348 |
Deseret Healthcare Employee Benefits Trust Salt Lake City, UT | $421,476,421 | $495,688,366 |
Carpenters Health And Welfare Trust Oakland, CA | $807,414,321 | $508,465,069 |
Sag-Aftra Health Fund Burbank, CA | $492,690,562 | $490,645,649 |
Laborers Health And Welfare Trust Fund For Northern California Pleasanton, CA | $444,442,259 | $419,401,531 |
Southwest Carpenters Health And Welfare Trust Los Angeles, CA | $651,095,092 | $444,803,961 |
Northern California General Teamsters Security Fund Stockton, CA | $557,118,545 | $415,457,679 |
Teamster Benefit Trust Fremont, CA | $647,016,311 | $360,030,062 |