Totals
- Total revenue
- $159,368,383
- Total expenses
- $158,090,660
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $158,955,282
- Investment income
- $730,751
- Other revenue
- -$317,650
- Total assets, end of year
- $391,461,383
- Total liabilities, end of year
- $233,159,204
- Net assets or fund balances, end of year
- $158,302,179
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Electric Revenues
total $155,600,250 · related or exempt $155,600,250
-
2b · Program service revenue: Capital Credits
total $864,623 · related or exempt $864,623
-
2c · Program service revenue: Electric Property Rent
total $94,132 · excluded $94,132
-
2d · Program service revenue: Carbon Offsets
total $2,130,241 · related or exempt $2,130,241
-
2e · Program service revenue: Other Operating
total $266,036 · related or exempt $266,036
-
3 · Investment income
total $675,238 · excluded $675,238
-
6a · Gross rents
personal property $25,290
-
6b · Less rental expenses
personal property $48,682
-
6c · Rental income or loss
personal property -$23,392
-
6d · Net rental income or loss
total -$23,392 · related or exempt -$23,392
-
7a · Gross sales of assets other than inventory
other assets $55,513
-
7c · Gain or loss
other assets $55,513
-
7d · Net gain or loss
total $55,513 · related or exempt $55,513
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Rebates
total $12,646 · related or exempt $12,646
-
11b · Other revenue: Adj Contract Liqu Damag
total -$306,625 · related or exempt -$306,625
-
11c · Other revenue: Other
total -$279 · related or exempt -$279
-
11e · Other revenue, total
-$294,258
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $10,169,425
-
5 · Compensation of officers, directors and key employees
total $3,111,752
-
7 · Other salaries and wages
total $1,586,333
-
20 · Interest
total $6,958,584
-
22 · Depreciation, depletion and amortization
total $15,622,006
-
24a · Other expenses: Cost of Power
total $77,129,003 · program services $77,129,003
-
24b · Other expenses: Distribution Expense
total $20,266,287 · program services $20,266,287
-
24c · Other expenses: Customer Accounts
total $5,793,914 · program services $5,793,914
-
24d · Other expenses: Admin & General
total $15,556,828 · program services $15,556,828
-
24e · All other expenses
total $1,896,528
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $7,682,047 · end of year $12,159,131
-
4 · Accounts receivable
beginning of year $14,959,620 · end of year $12,703,892
-
7 · Other notes and loans receivable
beginning of year $4,532,386 · end of year $4,740,287
-
8 · Inventories for sale or use
beginning of year $7,110,865 · end of year $8,072,006
-
9 · Prepaid expenses and deferred charges
beginning of year $8,655,141 · end of year $8,534,176
-
10a · Land, buildings and equipment: cost or other basis
$557,041,194
-
10b · Land, buildings and equipment: accumulated depreciation
$224,181,051
-
10c · Land, buildings and equipment, net
beginning of year $318,863,082 · end of year $332,860,143
-
13 · Investments: program-related
beginning of year $11,127,289 · end of year $11,612,393
-
15 · Other assets
beginning of year $2,352,006 · end of year $779,355
-
17 · Accounts payable and accrued expenses
beginning of year $28,166,377 · end of year $27,744,896
-
19 · Deferred revenue
beginning of year $30,405,187 · end of year $35,813,911
-
23 · Secured mortgages and notes payable
beginning of year $161,957,994 · end of year $165,826,283
-
25 · Other liabilities
beginning of year $3,773,895 · end of year $3,774,114
-
29 · Capital stock, trust principal or current funds
beginning of year $63,659,911 · end of year $63,194,272
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $75,455,535 · end of year $78,041,052
-
31 · Retained earnings, endowment or other funds
beginning of year $11,863,537 · end of year $17,066,855
Mission and programs · 2024
Mission
Holy Cross Energy provides safe, reliable, affordable, and sustainable energy and services that improve the quality of life for our members and their communities.
-
HOLY CROSS ENERGY IS A COOPERATIVE CORPORATION WITH 170+ EMPLOYEES SERVING 60,000+ ACTIVE METERS. HOLY CROSS ENERGY PROUDLY SERVES ITS MEMBERS; FROM MAJOR SKI RESORTS IN THE ASPEN AND VAIL AREAS AS WELL AS FARMS, RANCHES, AND FRIENDLY RURAL COMMUNITIES THAT PROVIDE PEOPLE AND RESOURCES FOR THE TOURISM AND OUTDOOR RECREATION INDUSTRIES.
As filed on the 2024 return.
Listed in Part VII
-
Bryan Hannegan
President and CEO
- Total calculated
- $776,076
- From this org
- $625,046
- From related orgs
- $0
- Other
- $151,030
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $532,640
- Bonus
- $92,406
- Other
- not reported
- Deferred
- $115,088
- Nontaxable benefits
- $35,942
- Filer's total
- $776,076
-
David Bleakley
VP Engineering
- Total calculated
- $497,871
- From this org
- $316,267
- From related orgs
- $0
- Other
- $181,604
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $253,472
- Bonus
- $25,711
- Other
- $37,084
- Deferred
- $152,278
- Nontaxable benefits
- $29,326
- Filer's total
- $497,871
-
David C ONeil
VP Operations
- Total calculated
- $453,321
- From this org
- $297,070
- From related orgs
- $0
- Other
- $156,251
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $257,515
- Bonus
- $25,472
- Other
- $14,083
- Deferred
- $120,311
- Nontaxable benefits
- $35,940
- Filer's total
- $453,321
-
Jenna Weatherred
VP Member & Community Relations
- Total calculated
- $418,570
- From this org
- $282,051
- From related orgs
- $0
- Other
- $136,519
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $254,442
- Bonus
- $25,420
- Other
- $2,189
- Deferred
- $100,581
- Nontaxable benefits
- $35,938
- Filer's total
- $418,570
-
Samuel Whelan
VP Finance
- Total calculated
- $392,563
- From this org
- $270,989
- From related orgs
- $0
- Other
- $121,574
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $246,389
- Bonus
- $24,600
- Other
- not reported
- Deferred
- $85,657
- Nontaxable benefits
- $35,917
- Filer's total
- $392,563
-
Trina Zagar-Brown
VP Business Services
- Total calculated
- $378,101
- From this org
- $257,683
- From related orgs
- $0
- Other
- $120,418
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $234,283
- Bonus
- $23,400
- Other
- not reported
- Deferred
- $84,551
- Nontaxable benefits
- $35,867
- Filer's total
- $378,101
-
John Rowley
Director Human Resources
- Total calculated
- $341,693
- From this org
- $226,502
- From related orgs
- $0
- Other
- $115,191
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $197,247
- Bonus
- $15,364
- Other
- $13,891
- Deferred
- $79,496
- Nontaxable benefits
- $35,695
- Filer's total
- $341,693
-
Joshua Snoddy
Manager Operations Technology
- Total calculated
- $317,565
- From this org
- $217,872
- From related orgs
- $0
- Other
- $99,693
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $180,038
- Bonus
- $13,661
- Other
- $24,173
- Deferred
- $86,865
- Nontaxable benefits
- $12,828
- Filer's total
- $317,565
-
James Ray
Manager Glenwood Line Operations
- Total calculated
- $314,977
- From this org
- $213,413
- From related orgs
- $0
- Other
- $101,564
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $182,361
- Bonus
- $13,999
- Other
- $17,053
- Deferred
- $77,362
- Nontaxable benefits
- $24,202
- Filer's total
- $314,977
-
Russ Winder
Manager Construction Engineering
- Total calculated
- $306,433
- From this org
- $200,222
- From related orgs
- $0
- Other
- $106,211
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $185,805
- Bonus
- $14,417
- Other
- not reported
- Deferred
- $70,623
- Nontaxable benefits
- $35,588
- Filer's total
- $306,433
-
Michael Whiddon
Manager Accounting
- Total calculated
- $305,665
- From this org
- $200,555
- From related orgs
- $0
- Other
- $105,110
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $167,809
- Bonus
- $12,900
- Other
- $19,846
- Deferred
- $81,026
- Nontaxable benefits
- $24,084
- Filer's total
- $305,665
-
David Munk
Director
- Total calculated
- $37,250
- From this org
- $37,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Adam Quinton
Director
- Total calculated
- $35,000
- From this org
- $35,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
Kristen Bertuglia
Director
- Total calculated
- $26,750
- From this org
- $26,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Linn Brooks
Director
- Total calculated
- $25,500
- From this org
- $25,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Robert Gardner
Director
- Total calculated
- $25,500
- From this org
- $25,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Alex Degolia
Director
- Total calculated
- $24,000
- From this org
- $24,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Keith Klesner
Director
- Total calculated
- $21,250
- From this org
- $21,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Discretionary spending account
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Energy and Services Experts
C Corp · Communication · CO · 100% owned · share of assets $6,994 · controlled entity
Directly controlled by HCEA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503159349306040
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