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Nonprofiteer
← Y W ELECTRIC ASSOCIATION INC COLORADO REA 38

Form 990 for tax year 2023

Filed by Y W ELECTRIC ASSOCIATION INC COLORADO REA 38.

Totals

Total revenue
$44,472,555
Total expenses
$44,472,555
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$44,223,311
Investment income
$285,841
Other revenue
-$36,597
Total assets, end of year
$137,763,285
Total liabilities, end of year
$74,208,479
Net assets or fund balances, end of year
$63,554,806
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: Sale of Electricity

    total $43,747,096 · related or exempt $43,747,096

  • 2b · Program service revenue: Capital Credits

    total $414,796 · related or exempt $414,796

  • 2c · Program service revenue: Other Operating

    total $61,419 · related or exempt $61,419

  • 3 · Investment income

    total $285,841 · excluded $285,841

  • 6a · Gross rents

    personal property $8,851

  • 6c · Rental income or loss

    personal property $8,851

  • 6d · Net rental income or loss

    total $8,851 · excluded $8,851

  • 11a · Other revenue: Non Operating

    total -$45,448 · related or exempt -$45,448

  • 11e · Other revenue, total

    -$45,448

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,199,421

  • 5 · Compensation of officers, directors and key employees

    total $561,482

  • 7 · Other salaries and wages

    total $527,193

  • 20 · Interest

    total $1,918,510

  • 22 · Depreciation, depletion and amortization

    total $3,515,520

  • 24a · Other expenses: Cost of Power

    total $28,703,043 · program services $28,703,043

  • 24b · Other expenses: Distribution Expense

    total $5,061,883 · program services $5,061,883

  • 24c · Other expenses: Admin & General

    total $2,382,849 · program services $2,382,849

  • 24d · Other expenses: Member Services

    total $591,955 · program services $591,955

  • 24e · All other expenses

    total $10,699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,001,993 · end of year $3,795,779

  • 4 · Accounts receivable

    beginning of year $2,777,173 · end of year $3,222,073

  • 8 · Inventories for sale or use

    beginning of year $3,066,200 · end of year $3,103,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $548,119 · end of year $417,382

  • 10a · Land, buildings and equipment: cost or other basis

    $136,103,507

  • 10b · Land, buildings and equipment: accumulated depreciation

    $41,217,021

  • 10c · Land, buildings and equipment, net

    beginning of year $94,425,000 · end of year $94,886,486

  • 13 · Investments: program-related

    beginning of year $32,352,772 · end of year $32,166,326

  • 15 · Other assets

    beginning of year $158,160 · end of year $171,706

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,974,478 · end of year $3,403,364

  • 19 · Deferred revenue

    beginning of year $6,138,306 · end of year $5,360,846

  • 23 · Secured mortgages and notes payable

    beginning of year $62,259,676 · end of year $65,444,269

  • 31 · Retained earnings, endowment or other funds

    beginning of year $63,956,957 · end of year $63,554,806

Mission and programs · 2023

Mission

Y-W Electric Association, Inc. is dedicated to providing high quality, reliable electric service and related products to our members at competitive prices. Our members deserve and shall receive quality service unexcelled in our industry. We are committed to maintain an envir

  • Purchase of electric power to sell to our customers.

As filed on the 2023 return.

Listed in Part VII

  • Trent Loutensock

    General Manager

    Total calculated
    $324,476
    From this org
    $247,969
    From related orgs
    $0
    Other
    $76,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,969
    Bonus
    not reported
    Other
    not reported
    Deferred
    $55,840
    Nontaxable benefits
    $20,667
    Filer's total
    $324,476

  • Joseph A Hase

    Operations Manager

    Total calculated
    $183,425
    From this org
    $135,353
    From related orgs
    $0
    Other
    $48,072
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,353
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,051
    Nontaxable benefits
    $20,021
    Filer's total
    $183,425

  • Brandee Bullard

    Office Manager

    Total calculated
    $176,086
    From this org
    $126,834
    From related orgs
    $0
    Other
    $49,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,834
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,845
    Nontaxable benefits
    $20,407
    Filer's total
    $176,086

  • James Lucero

    Area Foreman

    Total calculated
    $174,096
    From this org
    $129,698
    From related orgs
    $0
    Other
    $44,398
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,698
    Bonus
    not reported
    Other
    not reported
    Deferred
    $24,101
    Nontaxable benefits
    $20,297
    Filer's total
    $174,096

  • Spencer Johnson

    Area Foreman

    Total calculated
    $169,672
    From this org
    $125,635
    From related orgs
    $0
    Other
    $44,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,635
    Bonus
    not reported
    Other
    not reported
    Deferred
    $24,101
    Nontaxable benefits
    $19,936
    Filer's total
    $169,672

  • Stuart Travis

    Director

    Total calculated
    $14,350
    From this org
    $14,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Brooke Price

    Director

    Total calculated
    $9,100
    From this org
    $9,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Aaron Gebauer

    Director

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Larry Hill

    Director

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Roger Schenk

    Director

    Total calculated
    $5,620
    From this org
    $5,620
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Larry Winger

    Director

    Total calculated
    $5,250
    From this org
    $5,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Freeman Morris

    Director

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Robert Bledsoe

    Director

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joneal Young

    Director

    Total calculated
    $4,200
    From this org
    $4,200
    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

  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202413059349301821

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