Big Bend Electric Cooperative Inc
- Assets
- $77.5m
- Revenue
- $40.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Ritzville, WA
- Founding
- 03/1941
- Data as of
- 12/2021
- 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 12/2021, Big Bend Electric Cooperative Inc employed 41 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 12/2021, Big Bend Electric Cooperative Inc generated $40.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $40.3m during the year ending 12/2021. While expenses have increased by 2.6% 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 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 | $252,012 |
Shannon Phillips | 50 | $195,345 | |
Duane Johnson | 50 | $176,360 | |
Mark Hay | 50 | $174,076 | |
Rob Yager | 50 | $170,479 | |
Thomas Ramirez | 50 | $164,534 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Riverline Power Line Construction | 12/30/21 | $910,565 |
Nisc Software Support | 12/30/21 | $166,779 |
Schweitzer Engineering Laboratories Inc Engineering | 12/30/21 | $164,668 |
Djs Electrical Inc Line Construction | 12/30/21 | $1,837,497 |
Basin Tree Service Tree Trimming And Removal | 12/30/21 | $263,112 |
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 | $40,172,540 |
| Investment income | $118,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $141,100 |
| Net Gain/Loss on Asset Sales | $179,975 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,611,913 |
| 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 | $5,274,952 |
| Compensation of current officers, directors, key employees. | $479,151 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,369,523 |
| Pension plan accruals and contributions | $1,129,744 |
| Other employee benefits | $1,303,092 |
| Payroll taxes | $333,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,534 |
| Fees for services: Accounting | $11,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,441 |
| Office expenses | $43,290 |
| Information technology | $33,833 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,916 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,621,468 |
| Insurance | $147,559 |
| All other expenses | -$5,801,153 |
| Total functional expenses | $40,313,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $637,481 |
| Savings and temporary cash investments | $14,347,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,478,665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,476,659 |
| Prepaid expenses and deferred charges | $469,022 |
| Net Land, buildings, and equipment | $49,727,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,410,188 |
| Total assets | $77,547,194 |
| Accounts payable and accrued expenses | $5,533,678 |
| Grants payable | $0 |
| Deferred revenue | $441,105 |
| 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 | $6,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,924,487 |
| Total liabilities | $20,899,270 |
| 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 | $56,647,027 |
| Total liabilities and net assets/fund balances | $77,547,194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homer Electric Association Inc Homer, AK | $266,114,703 | $113,967,382 |
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Breakthrough Energy Foundation Kirkland, WA | $272,263,093 | $53,009,802 |
Central Electric Cooperative Inc Redmond, OR | $242,542,165 | $105,052,324 |
Oregon Trail Electric Consumers Cooperative Inc Baker City, OR | $131,875,952 | $59,383,158 |
Peninsula Light Company Inc Gig Harbor, WA | $206,412,044 | $64,241,054 |
Alaska Village Electric Cooperative Inc Anchorage, AK | $149,755,137 | $62,136,237 |
Kootenai Electric Cooperative Inc Hayden, ID | $200,587,122 | $58,518,255 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
Big Bend Electric Cooperative Inc Ritzville, WA | $77,547,194 | $40,611,913 |
Coos-Curry Electric Cooperative Inc Port Orford, OR | $114,567,418 | $40,713,862 |