Valley Electric Association Inc

Valley Electric Association Inc Overview

Valley Electric Association Inc is located in Pahrump, NV. As of 12/2019, Valley Electric Association Inc employed 181 individuals.

For the year ending 12/2019, Valley Electric Association Inc generated $84.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $89.3m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY AND RELIABLE ELECTRIC AND INTERNET 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 23,065 ACTIVE SERVICES AT YEAR END.


PRIOR TO THE MEMBERSHIP APPROVED BYLAW AMENDMENTS IN 2018, THE COOPERATIVE PROVIDED INTERNET/BROADBAND SERVICES TO ALL SUBSCRIBERS ON A NON-PATRONAGE AND UNRELATED BUSINESS INCOME BASIS. ONE OF THE MEMBERSHIP APPROVED BYLAW AMENDMENTS IS TO PROVIDE INTERNET/BROADBAND SERVICES TO MEMBERS ON A PATRONAGE, NONPROFIT BASIS. THEREFORE, THE COOPERATIVE HAS EXPANDED ITS EXEMPT PURPOSES TO INCLUDE THE PROVISION OF INTERNET/BROADBAND SERVICES TO MEMBERS ON A PATRONAGE BASIS. SUCH SERVICES CONTINUE TO BE PROVIDED TO NON-MEMBERS ON A NON-PATRONAGE BASIS. APPROXIMATELY 10,154 MEMBERS PURCHASED INTERNET/BROADBAND SERVICES DURING 2019.


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Valley Electric Association Inc Board, Officers & Key Employees

Name (title)Compensation
Richard Peck
CEO
$313,521
Angela Evans
CEO (jan-July)
$309,330
Bart Thurgood
Evp Human Resources
$292,317
Tom Husted
CEO (jan)
$287,508
Steve Morrison
CFO
$244,405
Nathan Johnson
Evp Broadband
$241,946

Valley Electric Association Inc Vendors

Vendor Name (Service)Compensation
Par Electrical Contractors Inc
Line Construction
$1,432,576
Pride Communications Inc
Fiber Installation
$298,982
Davison Van Cleve Pc
Attorney Fees
$581,003
Jaco Construction Inc
Line Construction
$856,558
Hdr
Engineering Services
$267,063
View All Vendors

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$84,813,768
Investment income $175,870
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $344,479
Net Gain/Loss on Asset Sales -$931,514
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$82,823
Miscellaneous Revenue$0
Total Revenue $84,469,530

Valley Electric Association Inc Grants Recieved

Over the last fiscal year, we have identified 1 grants that Valley Electric Association Inc has recieved totaling $2,000.

Awarding OrganizationAmount
Fengzheng Cultural Foundation

Frankfort, KY

PURPOSE: EDUCATION

$2,000
View Grant Recipient Profile

Valley Electric Association Inc Peer Organizations

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$885,904,645
Scl Health - Front Range Inc
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$897,584,146
Asante
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$928,596,728

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