Civic Intelligence

Colorado River Energy Distributors Association Inc

EIN 94-2575238 • 501(c)6 • Phoenix, AZ

Profile

To preserve and enhance the availability, affordability, and value of Colorado River Storage Project (CRSP) facilities while promoting responsible stewardship of the Colorado River System.

10429 S 51st Street STE 230Phoenix, AZ 85044

www.credanet.org

Siviq Scores

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

Liabilities / Assets

96th percentile

0.97x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.03x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

23rd percentile

-6.2%

Higher net margin than 23% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$305,856

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 48.7% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

3rd percentile

-62%

Faster asset growth than 3% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-2.9%

Faster revenue growth than 29% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$19,768

Down $32,167 (-62%) from 2023

Liabilities

Up

$19,241

Up $6,570 (+52%) from 2023

Net Assets

Down

$527

Down $38,737 (-99%) from 2023

Revenue

Down

$627,690

Down $18,552 (-2.9%) from 2023

Expenses

Down

$666,427

Down $23,287 (-3.4%) from 2023

Net Income

Up

-$38,737

Up $4,735 (+11%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2011: $161,229Liabilities 2011: $10,828Net Assets 2011: $150,4012011Assets 2012: $150,846Liabilities 2012: $10,146Net Assets 2012: $140,7002012Assets 2013: $146,684Liabilities 2013: $17,777Net Assets 2013: $128,9072013Assets 2014: $126,408Liabilities 2014: $14,145Net Assets 2014: $112,2632014Assets 2015: $84,107Liabilities 2015: $7,403Net Assets 2015: $76,7042015Assets 2016: $69,052Liabilities 2016: $10,890Net Assets 2016: $58,1622016Assets 2017: $47,266Liabilities 2017: $20,689Net Assets 2017: $26,5772017Assets 2018: $3,253Liabilities 2018: $4,710Net Assets 2018: -$1,4572018Assets 2019: $14,135Liabilities 2019: $38,024Net Assets 2019: -$23,8892019Assets 2020: $66,837Liabilities 2020: $14,536Net Assets 2020: $52,3012020Assets 2021: $105,773Liabilities 2021: $14,182Net Assets 2021: $91,5912021Assets 2022: $96,770Liabilities 2022: $14,034Net Assets 2022: $82,7362022Assets 2023: $51,935Liabilities 2023: $12,671Net Assets 2023: $39,2642023Assets 2024: $19,768Liabilities 2024: $19,241Net Assets 2024: $5272024

Highlighted filing

2024

Assets$19,768
Liabilities$19,241
Net Assets$527

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $662,636Expenses 2011: $650,668Net Income 2011: $11,9682011Revenue 2012: $568,180Expenses 2012: $577,881Net Income 2012: -$9,7012012Revenue 2013: $566,438Expenses 2013: $578,231Net Income 2013: -$11,7932013Revenue 2014: $599,099Expenses 2014: $615,743Net Income 2014: -$16,6442014Revenue 2015: $586,460Expenses 2015: $622,019Net Income 2015: -$35,5592015Revenue 2016: $627,612Expenses 2016: $646,154Net Income 2016: -$18,5422016Revenue 2017: $615,303Expenses 2017: $646,888Net Income 2017: -$31,5852017Revenue 2018: $635,463Expenses 2018: $663,497Net Income 2018: -$28,0342018Revenue 2019: $628,263Expenses 2019: $650,695Net Income 2019: -$22,4322019Revenue 2020: $689,055Expenses 2020: $612,865Net Income 2020: $76,1902020Revenue 2021: $612,118Expenses 2021: $578,440Net Income 2021: $33,6782021Revenue 2022: $658,947Expenses 2022: $667,802Net Income 2022: -$8,8552022Revenue 2023: $646,242Expenses 2023: $689,714Net Income 2023: -$43,4722023Revenue 2024: $627,690Expenses 2024: $666,427Net Income 2024: -$38,7372024

Highlighted filing

2024

Revenue$627,690
Expenses$666,427
Net Income-$38,737

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.20$0.19$0.01$6.28$6.66$0.39
2023Detailed filing. Detailed filing data is available for this year.$0.52$0.13$0.39$6.46$6.90$0.43
2022Detailed filing. Detailed filing data is available for this year.$0.97$0.14$0.83$6.59$6.68$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.06$0.14$0.92$6.12$5.78$0.34
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.15$0.52$6.89$6.13$0.76
2019Detailed filing. Detailed filing data is available for this year.$0.14$0.38$0.24$6.28$6.51$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.05$0.01$6.35$6.63$0.28
2017Summary only. Only limited summary data is available for this year.$0.47$0.21$0.27$6.15$6.47$0.32
2016Summary only. Only limited summary data is available for this year.$0.69$0.11$0.58$6.28$6.46$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.07$0.77$5.86$6.22$0.36
2014Detailed filing. Detailed filing data is available for this year.$1.26$0.14$1.12$5.99$6.16$0.17
2013Summary only. Only limited summary data is available for this year.$1.47$0.18$1.29$5.66$5.78$0.12
2012Summary only. Only limited summary data is available for this year.$1.51$0.10$1.41$5.68$5.78$0.10
2011Summary only. Only limited summary data is available for this year.$1.61$0.11$1.50$6.63$6.51$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$627,690
Mission and Program Overview

Mission

To preserve and enhance the availability, affordability, and value of Colorado River Storage Project (CRSP) facilities while promoting responsible stewardship of the Colorado River System.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$37,697$9,390▼ $28,307
Accounts Receivable-$6,745-
Prepaid Expenses and Deferred Charges$14,238$3,633▼ $10,605
Total Assets$51,935$19,768▼ $32,167
Liabilities
Accounts Payable and Accrued Expenses$12,671$19,241▲ $6,570
Total Liabilities$12,671$19,241▲ $6,570
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,264$527▼ $38,737
Total Net Assets Fund Balance$39,264$527▼ $38,737
Total Liabilities and Net Assets / Fund Balance$51,935$19,768▼ $32,167
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leslie JamesExecutive DirectorFT$271,562$34,294$305,856

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$627,690
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-38,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$350,186
Other Expenses$316,241
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$305,856
Fees for Services Lobbying---$96,000
Fees for Services Legal---$74,039
Fees for Services Management---$53,927
Travel---$43,024
Other Salaries and Wages---$27,270
Payroll Taxes---$17,060
Occupancy---$14,329
Conferences and Meetings---$10,518
Fees for Services Accounting---$9,730
Other Expenses$9,094--$9,094
Office Expenses---$2,591
Information Technology---$2,389
Insurance---$600
Total Functional Expenses$0$0$0$666,427
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
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

Organizations members are public entities who are interested in the operational,financial, political, environmental and legal issues related to the federal ColoradoRiver Storage Project from an energy distributors perspective.

Member election for additional members Part VI line 7A

Each Board member is designated by the member organization. That process is as determined by the individual member organization, and may consist of appointment or election, or some other process. There is no set schedule by which each member determines its CREDA Board representative, but on an annual basis, each member provides notice of its CREDA member delegate at the CREDA annual meeting.

Form 990 governing body review Part VI line 11

The Board is provided a copy of the Form 990 after filing. The President and the Executive Director will review this 990 before filing.

Governing documents etc available to public Part VI line 19

Form 990 and associated documents are provided upon request.

Filing and Contact Details

Filer

Filer Name
Colorado River Energy Distributors Association Inc
EIN
94-2575238
In Care Of
% Rosemary Henry
Phone
4804778646
Address
10429 S 51st Street STE 230, Phoenix, AZ 85044

Signing Officer

Name
Rosemary Henry
Title
President
Phone
4804778646
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosemary Henry
Formed
1978
Legal Domicile
Co
Voting Board Members
21
Independent Board Members
21
Employees
2
Volunteers
21

Preparer

Firm
Clinton R Wasser CPA PC
Address
9332 E Raintree Drive Suite 100, Scottsdale, AZ 85260
Preparer
Clint Wasser CPA
Phone
4804433485
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt18President
IRS990/Form990PartVIISectionAGrp/TitleTxt19Executive Committee
IRS990/Form990PartVIISectionAGrp/TitleTxt20Secretary Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice-President
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt021
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0627690
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt021
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02389
IRS990/InsuranceGrp/TotalAmt0600
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CO
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To preserve and enhance the availability, affordability, and value of Colorado River Storage Project (CRSP) facilities while promoting responsible stewardship of the Colorado River System.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt039264
IRS990/NetAssetsOrFundBalancesEOYAmt0527
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt039264
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0527
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt014329
IRS990/OfficeExpensesGrp/TotalAmt02591
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Dues
IRS990/OtherExpensesGrp/ProgramServicesAmt09094
IRS990/OtherExpensesGrp/TotalAmt09094
IRS990/OtherSalariesAndWagesGrp/TotalAmt027270
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt017060
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt014238
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03633
IRS990/PrincipalOfficerNm0Rosemary Henry
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Membership Dues
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0627690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0627690
IRS990/ProgSrvcAccomActy2Grp/Desc0Reviewed work plans of federal agencies and participated in detailed processes related to federal power rates and resources.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt0369649
IRS990/PYProgramServiceRevenueAmt0646242
IRS990/PYRevenuesLessExpensesAmt0-43472
IRS990/PYSalariesCompEmpBnftPaidAmt0320065
IRS990/PYTotalExpensesAmt0689714
IRS990/PYTotalRevenueAmt0646242
IRS990/ReconcilationRevenueExpnssAmt0-38737
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0271562
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount06000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt017125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt011169
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Leslie James
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0305856
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organizations members are public entities who are interested in the operational,financial, political, environmental and legal issues related to the federal ColoradoRiver Storage Project from an energy distributors perspective.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Each Board member is designated by the member organization. That process is as determined by the individual member organization, and may consist of appointment or election, or some other process. There is no set schedule by which each member determines its CREDA Board representative, but on an annual basis, each member provides notice of its CREDA member delegate at the CREDA annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board is provided a copy of the Form 990 after filing. The President and the Executive Director will review this 990 before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 and associated documents are provided upon request.
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/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt051935
IRS990/TotalAssetsEOYAmt019768
IRS990/TotalAssetsGrp/BOYAmt051935
IRS990/TotalAssetsGrp/EOYAmt019768
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0666427
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012671
IRS990/TotalLiabilitiesEOYAmt019241
IRS990/TotalLiabilitiesGrp/BOYAmt012671
IRS990/TotalLiabilitiesGrp/EOYAmt019241
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt039264
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0527
IRS990/TotalOtherCompensationAmt028294
IRS990/TotalProgramServiceRevenueAmt0627690
IRS990/TotalReportableCompFromOrgAmt0277562
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0627690
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0627690
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt021
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt051935
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019768
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt043024
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt010429 S 51st Street STE 230
IRS990/USAddress/CityNm0Phoenix
IRS990/USAddress/StateAbbreviationCd0AZ
IRS990/USAddress/ZIPCd085044
IRS990/VotingMembersGoverningBodyCnt021
IRS990/VotingMembersIndependentCnt021
IRS990/WebsiteAddressTxt0www.credanet.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROSEMARY HENRY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President

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