Highline Electric Association
501(c)(12)
Strong reserves Growing revenue
Highline Electric Association is a 501(c)(12) organization based in Holyoke, Colorado, registered in 1951, with $61,153,717 in FY2024 revenue.
Po Box 57, Holyoke, CO, 80734 EIN 84-0226805 Since 1951
Revenue (FY2024)
$61.2M
▲ 19.0% vs prior year
Expenses (FY2024)
$61.2M
Net assets
$56.9M
Employees
65
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 Highline Electric Association— 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 rating11 mo reserves · +0% 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 Highline Electric Association: 11 mo reserves · +0% 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 Highline Electric Association: 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 Highline Electric Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide the best possible electric service to the members at the best cost and consistent with the highest standards of service.
Contact & location
Financial trends
Revenue grew from $54.0M (FY2020) to $61.2M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $78.6MNet assets $56.9M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$135.4M
Total liabilities
$78.6M
Net assets
$56.9M
Salaries & benefits
$7.9M
13% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,153,717▲19.0% | $61,153,717▲19.0% | $56,856,117▲4.1% | $135,439,488▲6.3% | 990 |
| 2023 | $51,384,286▼8.5% | $51,384,286▼8.5% | $54,626,366▼2.3% | $127,444,029▼0.8% | 990 |
| 2022 | $56,129,232▲6.9% | $56,129,232▲6.9% | $55,906,593▼1.4% | $128,462,738▲6.7% | 990 |
| 2021 | $52,509,823▼2.7% | $52,509,823▼2.7% | $56,683,915▼1.4% | $120,404,773▼3.8% | 990 |
| 2020 | $53,956,011 | $53,943,316 | $57,497,553 | $125,182,846 | 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: Dennis Herman — $291,803 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dennis Herman | Ceo | 45.1 | $291,803 |
| Jim Jackson | Cfo | 41.5 | $197,229 |
| Alex Astley | Engineering Manager | 40.3 | $180,210 |
| Rance Ferguson | Operations Manager | 40.2 | $178,107 |
| James Ziebarth | System Engineer | 42.3 | $151,542 |
| Kris Camblin | District Superident | 45.1 | $148,650 |
| Tad Huser | Member Services Manager | 40.4 | $145,391 |
| Merlin Prior | Secretary | 4.1 | $30,312 |
| Lisa Schilke | Director | 4.2 | $30,110 |
| Jim Lueck | Vice-president | 5.2 | $29,514 |
| Pam Stieb | Treasurer | 2.9 | $25,583 |
| Michael Bennett | President | 1.9 | $25,312 |
| David Carlson | Director | 2.4 | $24,066 |
| Leo Brekel | Director | 2.6 | $23,868 |
| Teddy Carter | Director | 1.6 | $23,775 |
| Steve Oestman | Director | 4 | $23,739 |
| Brad Stromberger | Director | 2.5 | $23,732 |
| Aaron Sprague | Director | 1.6 | $23,203 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ward Electric Company Inc | Powerline Construc | $2,340,777 |
| Great Southwestern Construction Inc | Electrical Contrac | $505,379 |
| Sunbelt Solomon Services LLC | Mainenance | $217,277 |
| Long Hair Tree Service | Tree Trimming | $154,695 |
| Altitude Energy LLC | Electrical Contrac | $143,822 |
Frequently asked questions
- Is Highline Electric Association a legitimate nonprofit?
- Yes. Highline Electric Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 84-0226805, based in Holyoke, Colorado.
- What is Highline Electric Association's EIN?
- Highline Electric Association's Employer Identification Number (EIN) is 84-0226805.
- How much revenue does Highline Electric Association report?
- Highline Electric Association reported $61,153,717 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Highline Electric Association's highest-paid employee make?
- The highest reported compensation on Highline Electric Association's latest Form 990 is $291,803, paid to Dennis Herman (Ceo).
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Explore more
Data for Highline Electric Association (EIN 84-0226805) 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.