Big Bend Electric Cooperative Inc
- Assets
- $87.6m
- Revenue
- $43.6m
- Investments
- $0.0
- Employees
- 45
- Location
- Ritzville, WA
- Founding
- 03/1941
- Data as of
- 12/2023
- EIN
- 91-0145523
Organization Overview
Big Bend Electric Cooperative Inc is located in Ritzville, WA. The organization was established in 1941. 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 12/2023, Big Bend Electric Cooperative Inc employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Bend 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 12/2023, Big Bend Electric Cooperative Inc generated $43.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $42.9m during the year ending 12/2023. While expenses have increased by 3.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF ELECTRIC ENERGY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLY OF ELECTRIC ENERGY TO RURAL CUSTOMERS IN SPARSELY POPULATED AREAS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Armstrong Gen. Mgr./ceo | Officer | 50 | $292,956 |
John Francisco Assistant Gm | 50 | $225,729 | |
Duane Johnson Operations Mgr | 50 | $190,119 | |
Mark Hay Engineering Mgr | 50 | $196,978 | |
Thomas Ramirez Serviceman | 50 | $182,538 | |
Shannon Phillips CFO | 50 | $202,094 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Basin Tree Service Tree Trimming And Removal | 12/30/23 | $430,605 |
Riverline Power Line Construction | 12/30/23 | $995,963 |
Djs Electrical Line Construction | 12/30/23 | $1,464,086 |
Nisc Software Support | 12/30/23 | $145,846 |
Magnum Power Line Construction | 12/30/23 | $113,036 |
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 | $42,749,498 |
| Investment income | $623,948 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,660 |
| Net Gain/Loss on Asset Sales | $78,640 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,592,746 |
| 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 | $5,573,587 |
| Compensation of current officers, directors, key employees. | $553,125 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,071,763 |
| Pension plan accruals and contributions | $1,308,811 |
| Other employee benefits | $1,381,361 |
| Payroll taxes | $386,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,274 |
| Fees for services: Accounting | $11,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,295 |
| Office expenses | $55,927 |
| Information technology | $156,329 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $112,678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $184,246 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,912,478 |
| Insurance | $166,136 |
| All other expenses | -$6,841,215 |
| Total functional expenses | $42,890,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $778,081 |
| Savings and temporary cash investments | $8,777,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,561,266 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,403,831 |
| Prepaid expenses and deferred charges | $397,647 |
| Net Land, buildings, and equipment | $63,507,782 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,223,687 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $87,649,795 |
| Accounts payable and accrued expenses | $4,743,939 |
| Grants payable | $0 |
| Deferred revenue | $391,080 |
| 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 | $5,582,609 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,156,297 |
| Total liabilities | $22,873,925 |
| 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 | $897 |
| Retained earnings, endowment, accumulated income, or other funds | $64,774,973 |
| Total liabilities and net assets/fund balances | $87,649,795 |