Civic Intelligence

High Plains Power Inc

990 • Fiscal year 2013 • EIN 84-1414521

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 29, 2014

PO Box 713Riverton, WY 82501

(307) 856-9426

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.37x

Higher debt load relative to assets than 13% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

5th percentile

0.47x

Higher debt load relative to revenue than 5% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2013

Net Margin

52nd percentile

0.4%

Higher net margin than 52% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

69th percentile

7.3%

Faster asset growth than 69% of similar nonprofits.

2013 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$121,163,834

Up $8,268,063 (+7.3%) from 2012

Net Assets

Up

$76,117,855

Up $3,124,034 (+4.3%) from 2012

Liabilities

Up

$45,045,979

Up $5,144,029 (+13%) from 2012

Revenue

$95,865,127

No earlier filing loaded for comparison.

Expenses

Up

$95,517,216

Up $14,715,389 (+18%) from 2012

Net Income

$347,911

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $94,426,807Liabilities 2010: $28,054,062Net Assets 2010: $66,372,7452010Assets 2011: $101,076,928Liabilities 2011: $32,730,231Net Assets 2011: $68,346,6972011Assets 2012: $112,895,771Liabilities 2012: $39,901,950Net Assets 2012: $72,993,8212012Assets 2013: $121,163,834Liabilities 2013: $45,045,979Net Assets 2013: $76,117,8552013Assets 2014: $131,385,491Liabilities 2014: $49,839,773Net Assets 2014: $81,545,7182014Assets 2017: $144,242,443Liabilities 2017: $55,771,556Net Assets 2017: $88,470,8872017Assets 2019: $146,792,156Liabilities 2019: $49,111,813Net Assets 2019: $97,680,3432019Assets 2020: $145,849,812Liabilities 2020: $47,866,128Net Assets 2020: $97,983,6842020Assets 2021: $149,704,644Liabilities 2021: $49,315,420Net Assets 2021: $100,389,2242021Assets 2022: $152,103,280Liabilities 2022: $52,348,638Net Assets 2022: $99,754,6422022Assets 2024: $156,521,456Liabilities 2024: $53,179,768Net Assets 2024: $103,341,6882024

Highlighted filing

2013

Assets$121,163,834
Liabilities$45,045,979
Net Assets$76,117,855

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Expenses 2010: $70,405,8372010Expenses 2011: $78,268,6672011Expenses 2012: $80,801,8272012Revenue 2013: $95,865,127Expenses 2013: $95,517,216Net Income 2013: $347,9112013Revenue 2014: $95,797,302Expenses 2014: $95,416,859Net Income 2014: $380,4432014Revenue 2017: $82,262,479Expenses 2017: $79,772,147Net Income 2017: $2,490,3322017Revenue 2019: $75,394,798Expenses 2019: $75,244,910Net Income 2019: $149,8882019Revenue 2020: $63,874,526Expenses 2020: $63,620,888Net Income 2020: $253,6382020Revenue 2021: $74,809,988Expenses 2021: $74,751,447Net Income 2021: $58,5412021Revenue 2022: $80,362,207Expenses 2022: $80,267,525Net Income 2022: $94,6822022Revenue 2024: $85,120,372Expenses 2024: $84,770,795Net Income 2024: $349,5772024

Highlighted filing

2013

Revenue$95,865,127
Expenses$95,517,216
Net Income$347,911
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 29, 2014
Return Version
2013v3.1
Gross Receipts
$95,865,127
Mission and Program Overview

Mission

Serve the member/owners under the cooperative principles.

Rural Electric Cooperative

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$72,993,821$76,117,855▲ $3,124,034
Investments Program Related$52,508,200$57,213,481▲ $4,705,281
Land, Buildings, and Equipment, Net$55,043,670$56,142,876▲ $1,099,206
Inventories for Sale or Use$2,049,401$2,541,818▲ $492,417
Prepaid Expenses and Deferred Charges$379,216$2,029,676▲ $1,650,460
Accounts Receivable$2,056,552$1,906,834▼ $149,718
Cash and Non-Interest-Bearing Accounts$858,732$1,329,149▲ $470,417
Total Assets$112,895,771$121,163,834▲ $8,268,063
Liabilities
Mortgage Notes Payable Secured by Investment Property$36,500,797$40,201,872▲ $3,701,075
Accounts Payable and Accrued Expenses$3,398,153$4,841,107▲ $1,442,954
Other Liabilities$3,000$3,000→ $0
Total Liabilities$39,901,950$45,045,979▲ $5,144,029
Net Assets / Fund Balance
Total Net Assets Fund Balance$72,993,821$76,117,855▲ $3,124,034
Total Liabilities and Net Assets / Fund Balance$112,895,771$121,163,834▲ $8,268,063

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$57,213,481--
Other Land Buildings$56,142,876$46,843,022-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff HohnGmFT$144,019$104,482$248,501
Hearley DockhamSec-$8,116-$8,116
Lee ShafferDirector-$5,544-$5,544
Richard HaunDirector-$5,200-$5,200
Jesse HankinsDirector-$4,864-$4,864
Rebecca DarnellDirectorPT$4,036-$4,036
Mark ParkDirectorPT$3,763-$3,763
Brett GardnerDirectorPT$3,677-$3,677
Gary GordonAsst Sec-$3,400-$3,400
Jim MillerTreas-$3,193-$3,193
Matt BrownVP-$2,736-$2,736
Robert Cardwell JrPresPT$2,504-$2,504
Jeff MiltonDirectorPT$2,308-$2,308

Highest Paid Contractors

ContractorServicesLocationCompensation
Interstate Electrical ContractorsConst New Substati-$886,682
Track Utilities LLCNew Power Line Con-$656,119
Titan ElectricNew Power Line Con-$641,806
Wright Tree ServicesRoght-of-way Clear-$365,557
Sehnert SystemsConst New Bldg-$204,854
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$95,719,213
Investment Income
$145,914
Other Revenue
$0
Change in Net Assets
$347,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,317,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$6,199,890--$6,199,890
Depreciation Depletion$2,979,035--$2,979,035
Other Expenses$2,565,106--$2,565,106
Interest$1,654,139--$1,654,139
All Other Expenses$210,000--$210,000
Total Functional Expenses$95,517,216$0$0$95,517,216
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tri-state Gt Association IncShare a Common DirectorPurchased Power ExpenseNo$78,788,324
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred credits$3,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

Member owned electric cooperative with each member having voting rights.

Member election for additional members Part VI line 7A

Member elected board of directors for representation.

Form 990 governing body review Part VI line 11

Management and paid preparer review form 990 prior to efiling. Board of directors review annual tax filings at board meetings.

CEO executive director top management comp Part VI line 15A

Board of directors annually review and approve managements compensation.

Other officer or key employee compensation Part VI line 15B

Board of directors annually review and approve managements compensation.

Governing documents etc available to public Part VI line 19

Governing documents are made available to the public at the cooperative's office upon request.

Filing and Contact Details

Filer

EIN
84-1414521

Signing Officer

Name
Jeff Hohn
Title
Gm
Phone
3078569426
Signed
2014-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Cardwell Jr
Formed
1998
Legal Domicile
Wy
Voting Board Members
12
Independent Board Members
12
Employees
57

Preparer

Preparer
Matthew D Sharp CPA
Phone
8883910229
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Other changes in net assets included changes in patrons' capital credits and capital credits gain during the year.

General explanation attachment

Part IX, Line 4, Benefits paid to or for members- The Cooperative allocated patronage capital credits to its members in this amount.

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IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt090256957
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Rural Electric Cooperative
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt036500797
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt040201872
IRS990/NetAssetsOrFundBalancesBOYAmt072993821
IRS990/NetAssetsOrFundBalancesEOYAmt076117855
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt02776123
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1MAINTENANCE EXPENSE
IRS990/OtherExpensesGrp/Desc2OPERATING EXPENSE
IRS990/OtherExpensesGrp/Desc3CUSTOMER SERVICE & A&G
IRS990/OtherExpensesGrp/ProgramServicesAmt077192016
IRS990/OtherExpensesGrp/ProgramServicesAmt12238653
IRS990/OtherExpensesGrp/ProgramServicesAmt22478377
IRS990/OtherExpensesGrp/ProgramServicesAmt32565106
IRS990/OtherExpensesGrp/TotalAmt077192016
IRS990/OtherExpensesGrp/TotalAmt12238653
IRS990/OtherExpensesGrp/TotalAmt22478377
IRS990/OtherExpensesGrp/TotalAmt32565106
IRS990/OtherLiabilitiesGrp/BOYAmt03000
IRS990/OtherLiabilitiesGrp/EOYAmt03000
IRS990/OtherSourcesGrossIncomeAmt05479214
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0379216
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02029676
IRS990/PrincipalOfficerNm0Robert Cardwell Jr
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0Electricity sales
IRS990/ProgramServiceRevenueGrp/Desc1Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc2Joint pole rental
IRS990/ProgramServiceRevenueGrp/Desc3Misc service revenues
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0128956
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt089863532
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15333300
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2393425
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt089863532
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15333300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2128956
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3393425
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt04548409
IRS990/PYInvestmentIncomeAmt0140749
IRS990/PYOtherExpensesAmt076253418
IRS990/PYProgramServiceRevenueAmt080808201
IRS990/PYRevenuesLessExpensesAmt0147123
IRS990/PYTotalExpensesAmt080801827
IRS990/PYTotalRevenueAmt080948950
IRS990/ReconcilationRevenueExpnssAmt0347911
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt095865127
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt072993821
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt076117855
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt057213481
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Equities in other organizations
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt056142876
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046843022
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0102985898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred credits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt056142876
IRS990ScheduleD/TotalBookValueProgramRltdAmt057213481
IRS990ScheduleD/TotalLiabilityAmt03000
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0144019
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt077059
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027423
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jeff Hohn
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0248501
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0TRI-STATE GT ASSOCIATION INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SHARE A COMMON DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt078788324
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PURCHASED POWER EXPENSE
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBER OWNED ELECTRIC COOPERATIVE WITH EACH MEMBER HAVING VOTING RIGHTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBER ELECTED BOARD OF DIRECTORS FOR REPRESENTATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT AND PAID PREPARER REVIEW FORM 990 PRIOR TO EFILING. BOARD OF DIRECTORS REVIEW ANNUAL TAX FILINGS AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS ANNUALLY REVIEW AND APPROVE MANAGEMENTS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS ANNUALLY REVIEW AND APPROVE MANAGEMENTS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE COOPERATIVE'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER CHANGES IN NET ASSETS INCLUDED CHANGES IN PATRONS' CAPITAL CREDITS AND CAPITAL CREDITS GAIN DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Part IX, Line 4, Benefits paid to or for members- The Cooperative allocated patronage capital credits to its members in this amount.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0112895771
IRS990/TotalAssetsEOYAmt0121163834
IRS990/TotalAssetsGrp/BOYAmt0112895771
IRS990/TotalAssetsGrp/EOYAmt0121163834
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095517216
IRS990/TotalFunctionalExpensesGrp/TotalAmt095517216
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt039901950
IRS990/TotalLiabilitiesEOYAmt045045979
IRS990/TotalLiabilitiesGrp/BOYAmt039901950
IRS990/TotalLiabilitiesGrp/EOYAmt045045979
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt072993821
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt076117855
IRS990/TotalOtherCompensationAmt0104482
IRS990/TotalProgramServiceExpensesAmt095517216
IRS990/TotalProgramServiceRevenueAmt095719213
IRS990/TotalReportableCompFromOrgAmt0193360
IRS990/TotalRevenueGrp/ExclusionAmt0274870
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt095590257
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095865127
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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