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Nonprofiteer
← Y W ELECTRIC ASSOCIATION INC COLORADO REA 38

Form 990 for tax year 2022

Filed by Y W ELECTRIC ASSOCIATION INC COLORADO REA 38.

Totals

Total revenue
$48,192,755
Total expenses
$48,192,755
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$48,116,469
Investment income
$67,991
Other revenue
$8,295
Total assets, end of year
$136,329,417
Total liabilities, end of year
$72,372,460
Net assets or fund balances, end of year
$63,956,957
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 $47,780,851 · related or exempt $47,780,851

  • 2b · Program service revenue: CAPITAL CREDITS

    total $265,105 · related or exempt $265,105

  • 2c · Program service revenue: MISC ELECTRIC REVENUE

    total $70,513 · related or exempt $70,513

  • 3 · Investment income

    total $67,991 · excluded $67,991

  • 6a · Gross rents

    personal property $9,120

  • 6c · Rental income or loss

    personal property $9,120

  • 6d · Net rental income or loss

    total $9,120 · excluded $9,120

  • 11a · Other revenue: MISC NON OPERATING

    total -$825 · related or exempt -$825

  • 11e · Other revenue, total

    -$825

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,200,555

  • 5 · Compensation of officers, directors and key employees

    total $528,443

  • 7 · Other salaries and wages

    total $490,589

  • 20 · Interest

    total $1,688,507

  • 22 · Depreciation, depletion and amortization

    total $3,620,551

  • 24a · Other expenses: COST OF POWER

    total $32,466,420

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $4,385,182

  • 24c · Other expenses: ADMIN & GENERAL

    total $2,264,201

  • 24d · Other expenses: MEMBER SERVICES

    total $548,307

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,183,481 · end of year $3,001,993

  • 4 · Accounts receivable

    beginning of year $2,903,877 · end of year $2,777,173

  • 8 · Inventories for sale or use

    beginning of year $2,531,725 · end of year $3,066,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $827,187 · end of year $548,119

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

    $133,447,130

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

    $39,022,130

  • 10c · Land, buildings and equipment, net

    beginning of year $86,949,555 · end of year $94,425,000

  • 13 · Investments: program-related

    beginning of year $32,716,583 · end of year $32,352,772

  • 15 · Other assets

    beginning of year $291,219 · end of year $158,160

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,209,420 · end of year $3,974,478

  • 19 · Deferred revenue

    beginning of year $2,417,248 · end of year $6,138,306

  • 23 · Secured mortgages and notes payable

    beginning of year $60,495,644 · end of year $62,259,676

  • 31 · Retained earnings, endowment or other funds

    beginning of year $63,281,315 · end of year $63,956,957

Mission and programs · 2022

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 ENVIRONMENT WHERE THE BOARD OF DIRECTORS AND EMPLOYEES CAN PERFORM AT MAXIMUM POTENTIAL TO BENEFIT OUR Y-W COMMUNITY.

  • PURCHASE OF ELECTRIC POWER TO SELL TO OUR CUSTOMERS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Trent Loutensock

    GENERAL MANA

    Total calculated
    $299,945
    From this org
    $228,524
    From related orgs
    $0
    Other
    $71,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,524
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,673
    Nontaxable benefits
    $19,748
    Filer's total
    $299,945

  • Rodney Dunker

    OPERATIONS M

    Total calculated
    $183,121
    From this org
    $132,220
    From related orgs
    $0
    Other
    $50,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,220
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,615
    Nontaxable benefits
    $19,286
    Filer's total
    $183,121

  • Brandee Bullard

    OFFICE MANAG

    Total calculated
    $164,748
    From this org
    $117,733
    From related orgs
    $0
    Other
    $47,015
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,733
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,398
    Nontaxable benefits
    $19,617
    Filer's total
    $164,748

  • Joseph Hase

    LINE SUPERIN

    Total calculated
    $157,182
    From this org
    $111,578
    From related orgs
    $0
    Other
    $45,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $111,578
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,440
    Nontaxable benefits
    $19,164
    Filer's total
    $157,182

  • Nathan Williams

    OTIS AREA LI

    Total calculated
    $150,286
    From this org
    $109,055
    From related orgs
    $0
    Other
    $41,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,055
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,195
    Nontaxable benefits
    $19,036
    Filer's total
    $150,286

  • Stuart Travis

    DIRECTOR

    Total calculated
    $12,250
    From this org
    $12,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Aaron Gebauer

    DIRECTOR

    Total calculated
    $9,450
    From this org
    $9,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Craig Lambley

    DIRECTOR

    Total calculated
    $8,800
    From this org
    $8,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Brooke Price

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Roger Schenk

    DIRECTOR

    Total calculated
    $5,950
    From this org
    $5,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Freeman Morris

    DIRECTOR

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Larry Winger

    DIRECTOR

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joneal Young

    DIRECTOR

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Bledsoe

    DIRECTOR

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

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
2022
Filed
17 October 2023
IRS schema version
2022v5.0
Source object
202312919349301916

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