Civic Intelligence

La Plata Electric Association Inc

EIN 84-0248168 • 501(c)12 • Durango, CO

Profile

To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible.

PO Box 2750Durango, CO 81302-2750

www.lpea.coop

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

8th percentile

0.46x

Higher debt load relative to assets than 8% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

1.14x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2024

Net Margin

95th percentile

9.1%

Higher net margin than 95% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

30th percentile

$454,854

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

501(c)12 • $250M-$1B nonprofits • Source year 2024

Asset Growth

26th percentile

2.5%

Faster asset growth than 26% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

3.5%

Faster revenue growth than 35% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$292,966,410

Up $7,267,911 (+2.5%) from 2023

Liabilities

Down

$134,829,767

Down $1,090,157 (-0.8%) from 2023

Net Assets

Up

$158,136,643

Up $8,358,068 (+5.6%) from 2023

Revenue

Up

$118,213,999

Up $4,012,627 (+3.5%) from 2023

Expenses

Down

$107,466,442

Down $2,943,045 (-2.7%) from 2023

Net Income

Up

$10,747,557

Up $6,955,672 (+183%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400M$300M$200M$100M$0Assets 2010: $289,503,153Liabilities 2010: $167,357,756Net Assets 2010: $122,145,3972010Assets 2011: $287,364,168Liabilities 2011: $161,692,354Net Assets 2011: $125,671,8142011Assets 2012: $315,037,167Liabilities 2012: $190,960,093Net Assets 2012: $124,077,0742012Assets 2013: $318,594,843Liabilities 2013: $190,019,255Net Assets 2013: $128,575,5882013Assets 2014: $323,345,252Liabilities 2014: $189,501,226Net Assets 2014: $133,844,0262014Assets 2015: $320,248,798Liabilities 2015: $182,883,926Net Assets 2015: $137,364,8722015Assets 2016: $302,738,376Liabilities 2016: $163,472,781Net Assets 2016: $139,265,5952016Assets 2017: $308,431,574Liabilities 2017: $165,998,341Net Assets 2017: $142,433,2332017Assets 2018: $299,179,864Liabilities 2018: $157,473,784Net Assets 2018: $141,706,0802018Assets 2019: $292,781,922Liabilities 2019: $149,203,284Net Assets 2019: $143,578,6382019Assets 2020: $289,318,898Liabilities 2020: $141,413,826Net Assets 2020: $147,905,0722020Assets 2021: $287,521,885Liabilities 2021: $135,949,729Net Assets 2021: $151,572,1562021Assets 2022: $284,945,015Liabilities 2022: $136,195,673Net Assets 2022: $148,749,3422022Assets 2023: $285,698,499Liabilities 2023: $135,919,924Net Assets 2023: $149,778,5752023Assets 2024: $292,966,410Liabilities 2024: $134,829,767Net Assets 2024: $158,136,6432024

Highlighted filing

2024

Assets$292,966,410
Liabilities$134,829,767
Net Assets$158,136,643

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0Expenses 2010: $98,036,9652010Expenses 2011: $100,583,1422011Expenses 2012: $99,141,9852012Revenue 2013: $110,607,660Expenses 2013: $103,222,775Net Income 2013: $7,384,8852013Revenue 2014: $111,780,722Expenses 2014: $104,297,410Net Income 2014: $7,483,3122014Revenue 2015: $109,097,908Expenses 2015: $101,521,580Net Income 2015: $7,576,3282015Revenue 2016: $105,969,471Expenses 2016: $100,102,415Net Income 2016: $5,867,0562016Revenue 2017: $111,595,637Expenses 2017: $104,563,134Net Income 2017: $7,032,5032017Revenue 2018: $111,229,210Expenses 2018: $106,577,852Net Income 2018: $4,651,3582018Revenue 2019: $112,584,531Expenses 2019: $107,646,713Net Income 2019: $4,937,8182019Revenue 2020: $110,158,125Expenses 2020: $102,315,958Net Income 2020: $7,842,1672020Revenue 2021: $109,650,926Expenses 2021: $102,414,869Net Income 2021: $7,236,0572021Revenue 2022: $112,117,449Expenses 2022: $108,527,921Net Income 2022: $3,589,5282022Revenue 2023: $114,201,372Expenses 2023: $110,409,487Net Income 2023: $3,791,8852023Revenue 2024: $118,213,999Expenses 2024: $107,466,442Net Income 2024: $10,747,5572024

Highlighted filing

2024

Revenue$118,213,999
Expenses$107,466,442
Net Income$10,747,557

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$293$135$158$118$107$10.7
2023Detailed filing. Detailed filing data is available for this year.$286$136$150$114$110$3.79
2022Detailed filing. Detailed filing data is available for this year.$285$136$149$112$109$3.59
2021Detailed filing. Detailed filing data is available for this year.$288$136$152$110$102$7.24
2020Detailed filing. Detailed filing data is available for this year.$289$141$148$110$102$7.84
2019Detailed filing. Detailed filing data is available for this year.$293$149$144$113$108$4.94
2018Detailed filing. Detailed filing data is available for this year.$299$157$142$111$107$4.65
2017Detailed filing. Detailed filing data is available for this year.$308$166$142$112$105$7.03
2016Detailed filing. Detailed filing data is available for this year.$303$163$139$106$100$5.87
2015Detailed filing. Detailed filing data is available for this year.$320$183$137$109$102$7.58
2014Detailed filing. Detailed filing data is available for this year.$323$190$134$112$104$7.48
2013Detailed filing. Detailed filing data is available for this year.$319$190$129$111$103$7.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$315$191$124$99.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$287$162$126$101
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$290$167$122$98.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 14, 2025
Return Version
2024v5.0
Gross Receipts
$118,220,934
Mission and Program Overview

Mission

To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$166,437,143$178,603,738▲ $12,166,595
Rtn Earn Endowment Incm Other Fnds$149,778,575$158,136,643▲ $8,358,068
Investments Other Securities$77,427,977$81,333,022▲ $3,905,045
Accounts Receivable$13,016,366$12,081,956▼ $934,410
Cash and Non-Interest-Bearing Accounts$15,951,375$9,815,929▼ $6,135,446
Inventories for Sale or Use$4,197,459$3,979,802▼ $217,657
Prepaid Expenses and Deferred Charges$561,454$443,304▼ $118,150
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$285,698,499$292,966,410▲ $7,267,911
Other Assets Total$8,106,725$6,708,659▼ $1,398,066
Liabilities
Mortgage Notes Payable Secured by Investment Property$100,482,626$96,248,638▼ $4,233,988
Deferred Revenue$21,714,517$24,062,290▲ $2,347,773
Accounts Payable and Accrued Expenses$7,568,461$8,029,508▲ $461,047
Other Liabilities$6,154,320$6,489,331▲ $335,011
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$135,919,924$134,829,767▼ $1,090,157
Net Assets / Fund Balance
Total Net Assets Fund Balance$149,778,575$158,136,643▲ $8,358,068
Total Liabilities and Net Assets / Fund Balance$285,698,499$292,966,410▲ $7,267,911

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$166,843,119$151,913,506$318,756,625
Equipment$4,290,097$13,687,063$17,977,160
Buildings$3,161,563$6,078,377$9,239,940
Land$4,308,934-$4,308,934
Leasehold Improvements$25$12,077$12,102
Other Securities$25,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Graham SmithInterim Chief Executive Officer / General CouncilFT$336,561$118,293$454,854
Jessica MatlockChief Executive OfficerFT$119,196$329,017$448,213
Dan HarmsExecutive VP of Grid Solutions & Special ProjectsFT$231,415$155,791$387,206
Elizabeth HoweVP of Administrative ServicesFT$221,782$99,941$321,723
Patrick BerryVice President of FinanceFT$196,432$102,720$299,152
Drew TimmermanVice President of Information TechnologyFT$189,079$84,549$273,628
Jerry SutherlinVice President of OperationsFT$186,947$83,922$270,869
Garrett HammerDistrict Manager - Pagosa SpringsFT$146,430$88,522$234,952
Aaron RennerDispatchFT$176,012$47,154$223,166
Rachel KillinenDispatcherFT$177,845$45,292$223,137
Michael MessierWorking Foreman, LinemanFT$159,785$55,676$215,461
Trevor BryantLinemanFT$173,260$14,196$187,456
Chris HansenChief Executive OfficerFT$75,353$10,962$86,315
Nicole PitcherBoard SecretaryPT$24,194-$24,194
Tim WheelerTreasurerPT$23,875-$23,875
Ted ComptonBoard PresidentPT$23,000-$23,000
Holly MetzlerDirectorPT$21,725-$21,725
David LuschenDirectorPT$20,917-$20,917
Kirsten SkeehanDirectorPT$20,691-$20,691
Rachel LandisBoard Vice PresidentPT$19,778-$19,778
John LeeDirectorPT$18,929-$18,929
John WitchelDirectorPT$18,771-$18,771
Kohler McInnisDirectorPT$16,509-$16,509
Joe LewandowskiDirectorPT$16,350-$16,350
Daniel K HuntingtonDirectorPT$15,825-$15,825

Highest Paid Contractors

ContractorServicesLocationCompensation
Ward Electric Company IncConstruction Services3690 Stagecoach Rd, BOX 454, Longmont, CO 80504$4,273,821
Vm West LPFire Mitigation6635 ROLLING HILLS RD, Hotchkiss, CO 81419$3,049,378
Circle Z Construction LLCConstruction ServicesPO BOX 625, Mancos, CO 81328$1,359,597
Woodchuck Tree Service LLCTree Trimming Services10 TOWN PLAZA, Durango, CO 81301$1,350,057
Reliable Power ConsultantsConsulting Services1001 A East Harmony Road 143, Fort Collins, CO 80525$576,075
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$110,599,319
Investment Income
$2,072,648
Other Revenue
$5,542,032
All Other Contributions
$0
Change in Net Assets
$10,747,557

Audited Revenue Reconciliation

Revenue per Audited Statements
$118,213,999
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$118,213,999
Total Revenue per Form 990
$118,213,999
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,699,781
Salaries, Compensation, and Employee Benefits$14,659,753
Grants and Similar Amounts Paid$106,908
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$10,362,047
Other Salaries and Wages---$7,736,975
Other Expenses---$4,077,705
Interest---$3,728,495
Other Employee Benefits---$2,907,548
Current Officers, Directors, Trustees, and Key Employees---$1,978,380
Pension Plan Contributions---$1,180,550
Payroll Taxes---$856,300
Fees for Services Other---$613,633
Information Technology---$574,645
Fees for Services Legal---$490,402
Insurance---$395,134
Office Expenses---$293,274
All Other Expenses---$215,321
Conferences and Meetings---$154,521
Travel---$98,813
Fees for Services Accounting---$85,783
Grants to Domestic Individuals---$67,100
Grants to Domestic Orgs---$39,808
Advertising---$33,008
Total Functional Expenses$0$0$0$107,466,442

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$107,466,442
Total Expenses per Audited Statements$107,466,442
Total Expenses per Form 990$107,466,442
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$3,869,832
Accrued Taxes$2,045,533
Consumer Deposits$573,966
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

LPEA is a member-owned cooperative.

Form 990, Part VI, Section A, Line 7A

All directors on the Board are elected by a majority vote of the cooperative's member-owners, by district.

Form 990, Part VI, Section A, Line 7B

Bylaw changes and major decisions are subject to a majority vote of the cooperative's member-owners.

Form 990, Part VI, Section B, Line 11B

The Form 990 is reviewed by the organization's top management official, top financial official, and other key employees before being finalized and submitted.

Form 990, Part VI, Section B, Line 12C

LPEA Board of Directors, officers and key staff disclose any conflict of interest. All employees notify their supervisor of any potential conflicts of interest.

Form 990, Part VI, Section B, Line 15

LPEA obtains salary compensation reports developed by an independent third party from data gathered from cooperatives with similar demographics nationwide. All compensation changes are reviewed and approved annually by the Officers and Key Staff. CEO annual contracts are signed, and documentation of the discussion is noted in the Board of Director minutes.

Form 990, Part VI, Section C, Line 19

Certain documents are available on the LPEA website or LPEA SmartHub application. If not available on those sites, documents are available upon request.

Filing and Contact Details

Filer

Filer Name
La Plata Electric Association Inc
EIN
84-0248168
Phone
9703823575
Address
PO Box 2750, Durango, CO 81302-2750

Signing Officer

Name
Chris Hansen
Title
Cheif Executive Officer
Phone
9703823576
Signed
2025-08-14

Organization Details

Formed
1939
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
12
Employees
134
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 3B

Income is related to asset sales for the Cooperative. This income does not qualify to be reported on the 990-T.

Form 990, Part XI, Line 9

2024 allocated margin returned to members.

Raw XML AppendixShowing 400 of 924 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Graham Smith
IRS990/Form990PartVIISectionAGrp/PersonNm1Jessica Matlock
IRS990/Form990PartVIISectionAGrp/PersonNm2Dan Harms
IRS990/Form990PartVIISectionAGrp/PersonNm3Elizabeth Howe
IRS990/Form990PartVIISectionAGrp/PersonNm4Patrick Berry
IRS990/Form990PartVIISectionAGrp/PersonNm5Drew Timmerman
IRS990/Form990PartVIISectionAGrp/PersonNm6Jerry Sutherlin
IRS990/Form990PartVIISectionAGrp/PersonNm7Garrett Hammer
IRS990/Form990PartVIISectionAGrp/PersonNm8Aaron Renner
IRS990/Form990PartVIISectionAGrp/PersonNm9Rachel Killinen
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael Messier
IRS990/Form990PartVIISectionAGrp/PersonNm11Trevor Bryant
IRS990/Form990PartVIISectionAGrp/PersonNm12Chris Hansen
IRS990/Form990PartVIISectionAGrp/PersonNm13Nicole Pitcher
IRS990/Form990PartVIISectionAGrp/PersonNm14Tim Wheeler
IRS990/Form990PartVIISectionAGrp/PersonNm15Ted Compton
IRS990/Form990PartVIISectionAGrp/PersonNm16Holly Metzler
IRS990/Form990PartVIISectionAGrp/PersonNm17David Luschen
IRS990/Form990PartVIISectionAGrp/PersonNm18Kirsten Skeehan
IRS990/Form990PartVIISectionAGrp/PersonNm19Rachel Landis
IRS990/Form990PartVIISectionAGrp/PersonNm20John Lee
IRS990/Form990PartVIISectionAGrp/PersonNm21John Witchel
IRS990/Form990PartVIISectionAGrp/PersonNm22Kohler McInnis
IRS990/Form990PartVIISectionAGrp/PersonNm23Joe Lewandowski
IRS990/Form990PartVIISectionAGrp/PersonNm24Daniel K Huntington
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Interim Chief Executive Officer / General Council
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Executive VP of Grid Solutions & Special Projects
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP of Administrative Services
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President of Information Technology
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice President of Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt7District Manager - Pagosa Springs
IRS990/Form990PartVIISectionAGrp/TitleTxt8Dispatch
IRS990/Form990PartVIISectionAGrp/TitleTxt9Dispatcher
IRS990/Form990PartVIISectionAGrp/TitleTxt10Working Foreman, Lineman
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IRS990/Form990PartVIISectionAGrp/TitleTxt12Chief Executive Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
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