Hood River Electric Cooperative
- Assets
- $17.1m
- Revenue
- $11.1m
- Investments
- $1.6m
- Employees
- 19
- Location
- Odell, OR
- Founding
- 03/1948
- Data as of
- 12/2020
- EIN
- 93-0333988
Organization Overview
Hood River Electric Cooperative is located in Odell, OR. The organization was established in 1948. 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 12/2020, Hood River Electric Cooperative employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hood River Electric Cooperative 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 12/2020, Hood River Electric Cooperative generated $11.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $10.2m during the year ending 12/2020. While expenses have increased by 5.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ELECTRICAL ENERGY AND FIBER OPTIC/INTERNET SERVCES TO THE HOOD RIVER VALLEY IN OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CO-OP PROVIDES ELECTRICAL ENERGY AND FIBER OPTIC/INTERNET SERVICES TO ITS MEMBERS AND OTHER CUSTOMERS. IN 2020 A TOTAL OF 122,728,264 KWH OF ELECTRICITY WAS PROVIDED. TOTAL CUSTOMERS WERE 3,934.
THE CO-OP PROVIDES ELECTRICAL ENERGY AND FIBER OPTIC/INTERNET SERVICES TO ITS MEMBERS AND OTHER CUSTOMERS. IN 2020 A TOTAL OF 122,728,264 KWH OF ELECTRICITY WAS PROVIDED. TOTAL CUSTOMERS WERE 3,934.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Calnon General Mana | 40 | $159,393 | |
Clinton Curtis Operations M | 40 | $138,322 | |
David Porter Serviceman | 40 | $128,886 | |
Douglas Balzer Foreman | 40 | $122,741 | |
Brenda Lewis Office Manag | 40 | $120,751 | |
Roger Nelson Treasurer | OfficerTrustee | 0.63 | $550 |
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 | $10,794,381 |
| Investment income | $228,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $11,050,044 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $122,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,906,015 |
| Total functional expenses | $10,188,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,577,190 |
| Savings and temporary cash investments | $6,400,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $629,680 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $397,772 |
| Prepaid expenses and deferred charges | $18,987 |
| Net Land, buildings, and equipment | $6,102,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,589,342 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $381,561 |
| Total assets | $17,097,516 |
| Accounts payable and accrued expenses | $144,828 |
| 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 | $440,760 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,372,647 |
| Total liabilities | $6,958,235 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $24,485 |
| Paid-in or capital surplus, or land, building, or equipment fund | $846 |
| Retained earnings, endowment, accumulated income, or other funds | $10,113,950 |
| Total liabilities and net assets/fund balances | $17,097,516 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hood River Electric Cooperative has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Providence Health & Services Oregon Renton, WA PURPOSE: SPONSORSHIP | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
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 |
Mt Wheeler Power Inc Ely, NV | $62,442,226 | $39,954,685 |
Midstate Electric Cooperative Inc La Pine, OR | $76,704,845 | $36,643,813 |
Orcas Power & Light Cooperative Eastsound, WA | $113,042,035 | $35,371,006 |
Columbia Rural Electric Association Inc Walla Walla, WA | $105,545,364 | $36,917,429 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Salem Electric Salem, OR | $70,962,090 | $31,105,436 |
Plumas-Sierra Rural Electric Cooperative Inc Portola, CA | $104,014,958 | $28,694,760 |