Mt Wheeler Power Inc
- Assets
- $62.4m
- Revenue
- $40.0m
- Investments
- $0.0
- Employees
- 38
- Location
- Ely, NV
- Founding
- 05/1972
- Data as of
- 12/2021
- EIN
- 88-0106922
Organization Overview
Mt Wheeler Power Inc is located in Ely, NV. The organization was established in 1972. 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, Mt Wheeler Power Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mt Wheeler Power 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, Mt Wheeler Power Inc generated $40.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $39.9m during the year ending 12/2021. While expenses have increased by 2.1% 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 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 7,548 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Robison CEO | Officer | 55 | $231,457 |
Shellie Watts Member Services Manager/hr | 40 | $140,418 | |
William Ricci Operations Manager | 40 | $139,905 | |
Patricia Stanton Accounting Manager | Officer | 40 | $137,480 |
Bevan Hardy Foreman Lineman | 44 | $123,692 | |
Philip Heckethorn Foreman Lineman | 43 | $120,268 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Energy Erectors Substation Rebuild | 12/30/21 | $203,922 |
Cache Valley Electric Company Line Construction | 12/30/21 | $172,233 |
Professional Computer Solutions Software Fees And Maintenance | 12/30/21 | $158,079 |
Reck Brothers Landscaping/paving Services | 12/30/21 | $118,315 |
Chavira Tree Trimming Tree Trimming | 12/30/21 | $103,675 |
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 | $39,635,593 |
| Investment income | $33,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,500 |
| Net Gain/Loss on Asset Sales | $42,602 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,644 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,954,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,980 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,936,084 |
| Compensation of current officers, directors, key employees. | $690,738 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,564,195 |
| Pension plan accruals and contributions | $292,941 |
| Other employee benefits | $640,556 |
| Payroll taxes | $199,811 |
| 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 | $795,626 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,402,534 |
| Insurance | $0 |
| All other expenses | $603,134 |
| Total functional expenses | $39,895,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,370,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,504,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,285,070 |
| Prepaid expenses and deferred charges | $870,443 |
| Net Land, buildings, and equipment | $46,303,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,108,135 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $62,442,226 |
| Accounts payable and accrued expenses | $4,008,561 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $881,964 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,418,776 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,787,506 |
| Total liabilities | $25,096,807 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,247,531 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $36,097,888 |
| Total liabilities and net assets/fund balances | $62,442,226 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Central Electric Cooperative Inc Redmond, OR | $242,542,165 | $105,052,324 |
Navopache Electric Cooperative Incorporated Lakeside, AZ | $154,873,942 | $59,797,465 |
Oregon Trail Electric Consumers Cooperative Inc Baker City, OR | $131,875,952 | $59,383,158 |
Kootenai Electric Cooperative Inc Hayden, ID | $200,587,122 | $58,518,255 |
Dixie Escalante Rural Beryl, UT | $171,660,221 | $52,285,597 |
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
Coos-Curry Electric Cooperative Inc Port Orford, OR | $114,567,418 | $40,713,862 |