Arizona Electric Power Cooperative Inc
Only null% goes to programs Strong reserves Declining revenue
Arizona Electric Power Cooperative Inc is a 501(c)(12) organization based in Benson, Arizona, registered in 2001, with $189,995,960 in FY2024 revenue. CharityIndex grades it A.
Po Box 670, Benson, AZ, 85602 EIN 86-0176697 Since 2001
Revenue (FY2024)
$190.0M
▼ 17.0% vs prior year
Membership median: $185K
Expenses (FY2024)
$186.7M
Net assets
$185.8M
Employees
236
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Arizona Electric Power Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Arizona Electric Power Cooperative Inc: 12 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Arizona Electric Power Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Arizona Electric Power Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Sale of electric power
What they do
Transmission cooperative that brings local supply of electricity to customers to ensure reliable and adequate supply.
Contact & location
- Address
- Po Box 670, Benson, AZ, 85602
- City
- Benson
- State
- Arizona
- Category
- Mutual & Membership Benefit
- Subcategory
- Fraternal Societies
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $177.9M (FY2016) to $190.0M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $584.3MNet assets $185.8M
Operating margin
1.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$770.1M
Total liabilities
$584.3M
Net assets
$185.8M
Salaries & benefits
$37.6M
20% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $189,995,960▼17.0% | $186,653,939▼17.4% | $185,820,255▲1.8% | $770,104,992▲26.8% | 990 |
| 2023 | $229,042,927▼21.5% | $225,844,400▼21.7% | $182,477,733▲1.6% | $607,120,599▲12.3% | 990 |
| 2022 | $291,757,317▲24.0% | $288,610,185▲27.9% | $179,593,818▲1.8% | $540,784,153▲18.0% | 990 |
| 2021 | $235,277,760▲31.0% | $225,627,791▲30.0% | $176,446,686▼1.3% | $458,434,453▲6.6% | 990 |
| 2020 | $179,657,524▼2.1% | $173,512,242▼2.0% | $178,705,954▲2.8% | $429,934,212▼0.6% | 990 |
| 2019 | $183,490,274▼11.1% | $177,035,150▼10.3% | $173,851,698▲3.0% | $432,480,797▼2.6% | 990 |
| 2018 | $206,351,771▲9.5% | $197,339,152▲9.7% | $168,748,468▲4.8% | $444,083,025▼4.8% | 990 |
| 2017 | $188,393,337▲5.9% | $179,820,156▲5.6% | $161,021,825▲5.0% | $466,696,244▲2.6% | 990 |
| 2016 | $177,875,830 | $170,213,714 | $153,291,277 | $454,724,277 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Patrick Ledger — $769,607 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Patrick Ledger | Chief Excecutive Officer | 45 | $769,607 |
| Peter Scott | Chief Financial Officer | 40 | $331,822 |
| John Sanders | Key Employee | 50 | $315,986 |
| Mike Nelson | Key Employee | 60 | $310,069 |
| Christopher Jimenez | Key Employee | 50 | $290,793 |
| Benjamin Engelby | General Counsel | 40 | $283,542 |
| Michelle Freeark | Key Employee | 55 | $273,271 |
| Boris Tumarin | Highest Compensated Employee | 0 | $222,946 |
| Ryan Manzo | Key Employee | 42 | $219,744 |
| Nathen Hatch | Highest Compensated Employee | 48 | $218,521 |
| Jasin Glasner | Highest Compensated Employee | 28 | $216,894 |
| Charles Alves | Highest Compensated Employee | 40 | $189,092 |
| Brett Bergeson | Key Employee | 38 | $177,148 |
| Reuben B Mcbride | Director (president) | 10 | $38,000 |
| John Nelssen | Director | 8 | $34,300 |
| J Tyler Carlson | Director(vice President) | 8 | $31,000 |
| Ryall Stewart | Director | 7.5 | $29,000 |
| Frank Downs | Director | 1 | $27,000 |
| Johnnie Frie | Director | 0 | $25,000 |
| Daniel Barrera | Director(secretary) | 10 | $24,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Alliance For Cooperative Energy Services | Power Trading Services | $4,197,326 |
| Alternative Repair and Machining | Repair Services | $2,010,948 |
| Sargent & Lundy (v#101979) | Engineering Services | $692,060 |
| Eversheds Sutherland (v#103205) | Legal Expenses | $419,172 |
| Burns & Mcdonnel Engineering (v#100131) | Engineering Services | $398,720 |
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Compare Arizona Electric Power Cooperative Inc
Frequently asked questions
- Is Arizona Electric Power Cooperative Inc a legitimate nonprofit?
- Yes. Arizona Electric Power Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 86-0176697, based in Benson, Arizona.
- What is Arizona Electric Power Cooperative Inc's EIN?
- Arizona Electric Power Cooperative Inc's Employer Identification Number (EIN) is 86-0176697.
- How much revenue does Arizona Electric Power Cooperative Inc report?
- Arizona Electric Power Cooperative Inc reported $189,995,960 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Arizona Electric Power Cooperative Inc have?
- CharityIndex grades Arizona Electric Power Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Arizona Electric Power Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Arizona Electric Power Cooperative Inc's latest Form 990 is $769,607, paid to Patrick Ledger (Chief Excecutive Officer).
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Data for Arizona Electric Power Cooperative Inc (EIN 86-0176697) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.