Arizona Electric Power Cooperative Inc
- Assets
- $540.8m
- Revenue
- $291.8m
- Investments
- $11.0m
- Employees
- 239
- Location
- Benson, AZ
- Founding
- 03/2001
- Data as of
- 12/2022
- 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 12/2022, Arizona Electric Power Cooperative Inc employed 239 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 12/2022, Arizona Electric Power Cooperative Inc generated $291.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $288.6m during the year ending 12/2022. While expenses have increased by 7.8% 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karthryn J Thatcher Director (president) | Trustee | 4 | $24,500 |
Reuben B Mcbride Director(vice President) | Trustee | 10 | $27,500 |
Judy Mckinley Director(treasurer) | Trustee | 15 | $24,500 |
J Tyler Carlson Director(secretary) | Trustee | 14 | $33,000 |
Gene R Larson Director | Trustee | 2 | $28,000 |
Harrold Burdick Director | Trustee | 6 | $32,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alternative Repair & Machining (V#104388 Plant Repair & Maintenance | 12/30/22 | $2,674,771 |
Alliance For Cooperative Energy Services Power Trading Services | 12/30/22 | $3,404,461 |
Sms Construction Llc (V#104455) Construction Expenses | 12/30/22 | $607,680 |
Eversheds Sutherland (V#103205) Legal Expenses | 12/30/22 | $449,892 |
Burns & Mcdonnel Engineering (V#100131) Engineering Services | 12/30/22 | $359,764 |
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 | $258,836,682 |
| Investment income | $781,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$36,929 |
| 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 | $291,757,317 |
| 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. | $2,757,824 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,144,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,488,605 |
| Payroll taxes | $1,452,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,406,628 |
| 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 | $1,341,709 |
| Advertising and promotion | $152,876 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $380,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,332,753 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,631,148 |
| Insurance | $1,493,700 |
| All other expenses | $0 |
| Total functional expenses | $288,610,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,614,900 |
| Savings and temporary cash investments | $28,382,665 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,622,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,586,008 |
| Prepaid expenses and deferred charges | $40,904,071 |
| Net Land, buildings, and equipment | $331,677,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,996,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $540,784,153 |
| Accounts payable and accrued expenses | $55,654,508 |
| 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 | $157,421,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $148,114,007 |
| Total liabilities | $361,190,335 |
| 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 | $179,592,988 |
| Total liabilities and net assets/fund balances | $540,784,153 |