Holy Cross Electric Assoc Inc
501(c)(12)
Strong reserves
Holy Cross Electric Assoc Inc is a 501(c)(12) organization based in Glenwood Spgs, Colorado, registered in 1949, with $159,368,383 in FY2024 revenue.
Po Box 2150, Glenwood Spgs, CO, 81602 EIN 84-0229176 Since 1949
Revenue (FY2024)
$159.4M
▲ 0.3% vs prior year
Expenses (FY2024)
$158.1M
Net assets
$158.3M
Employees
180
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 Holy Cross Electric Assoc 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 · +1% 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 Holy Cross Electric Assoc Inc: 12 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Holy Cross Electric Assoc Inc: 5 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 Holy Cross Electric Assoc Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Holy cross energy provides safe, reliable, affordable, and sustainable energy and services that improve the quality of life for our members and their communities.
Contact & location
- Address
- Po Box 2150, Glenwood Spgs, CO, 81602
- City
- Glenwood Spgs
- State
- Colorado
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $121.4M (FY2013) to $159.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $233.2MNet assets $158.3M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$391.5M
Total liabilities
$233.2M
Net assets
$158.3M
Salaries & benefits
$4.7M
3% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $159,368,383▲0.3% | $158,090,660▲1.0% | $158,302,179▲4.9% | $391,461,383▲4.3% | 990 |
| 2023 | $158,826,315▲5.5% | $156,584,524▲5.2% | $150,978,983▲5.4% | $375,282,436▲4.3% | 990 |
| 2022 | $150,591,525▲4.6% | $148,897,305▲4.1% | $143,281,638▲5.1% | $359,982,286▲3.8% | 990 |
| 2021 | $143,962,151▲6.2% | $142,978,775▲6.7% | $136,344,886▲4.1% | $346,769,060▲5.8% | 990 |
| 2020 | $135,508,703▼1.4% | $133,956,999▼1.8% | $130,987,637▲4.6% | $327,619,798▲0.9% | 990 |
| 2019 | $137,463,232▲4.4% | $136,378,526▲4.4% | $125,268,576▲4.3% | $324,743,711▲1.1% | 990 |
| 2018 | $131,721,815▲7.2% | $130,678,786▲5.3% | $120,095,262▲3.8% | $321,113,134▼0.9% | 990 |
| 2017 | $122,861,776▲0.5% | $124,102,379▲1.8% | $115,698,958▲0.9% | $323,978,940▲1.2% | 990 |
| 2016 | $122,297,195▲1.7% | $121,853,204▲9.8% | $114,690,248▲2.3% | $320,112,709▲0.3% | 990 |
| 2015 | $120,260,215▼0.8% | $110,986,428▼2.4% | $112,132,771▲3.2% | $319,302,366▲4.6% | 990 |
| 2014 | $121,174,347▼0.1% | $113,751,446▲2.8% | $108,703,313▲1.0% | $305,299,835▼1.5% | 990 |
| 2013 | $121,355,938 | $110,683,039▲5.9% | $107,612,895▲4.0% | $309,890,076▼0.2% | 990 |
| 2012 | — | $104,524,077▼1.8% | $103,494,901▲3.0% | $310,430,509▼1.1% | 990 |
| 2011 | — | $106,422,370▲7.7% | $100,451,129▲3.9% | $314,006,554▲2.5% | 990 |
| 2010 | — | $98,823,233 | $96,636,100 | $306,298,036 | 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: Bryan Hannegan — $625,046 (0.40% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bryan Hannegan | President and Ceo | 45 | $625,046 |
| David Bleakley | Vp Engineering | 45 | $316,267 |
| David C Oneil | Vp Operations | 45 | $297,070 |
| Jenna Weatherred | Vp Member & Community Relations | 45 | $282,051 |
| Samuel Whelan | Vp Finance | 45 | $270,989 |
| Trina Zagar-brown | Vp Business Services | 45 | $257,683 |
| John Rowley | Director Human Resources | 45 | $226,502 |
| Joshua Snoddy | Manager Operations Technology | 45 | $217,872 |
| James Ray | Manager Glenwood Line Operations | 45 | $213,413 |
| Michael Whiddon | Manager Accounting | 45 | $200,555 |
| Russ Winder | Manager Construction Engineering | 45 | $200,222 |
| David Munk | Director | 8 | $37,250 |
| Adam Quinton | Director | 8 | $35,000 |
| Kristen Bertuglia | Director | 5 | $26,750 |
| Linn Brooks | Director | 5 | $25,500 |
| Robert Gardner | Director | 5 | $25,500 |
| Alex Degolia | Director | 4 | $24,000 |
| Keith Klesner | Director | 3 | $21,250 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Advanced Underground Construction | Excavation | $3,206,491 |
| Bonfire Engineering & Consulting | Construction | $3,065,309 |
| Ward Electric Company Inc | Construction | $2,764,411 |
| Active Energies Solar LLC | Construction | $773,534 |
| Sunsense Solar Inc | Construction | $720,204 |
Grants received · $67K total
2 grants to Holy Cross Electric Assoc Inc totaling $67K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Energy Outreach Colorado | Energy assistance | 2024 | $25,672 |
| Energy Outreach Colorado | Energy assistance | 2023 | $41,737 |
Frequently asked questions
- Is Holy Cross Electric Assoc Inc a legitimate nonprofit?
- Yes. Holy Cross Electric Assoc Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 84-0229176, based in Glenwood Spgs, Colorado.
- What is Holy Cross Electric Assoc Inc's EIN?
- Holy Cross Electric Assoc Inc's Employer Identification Number (EIN) is 84-0229176.
- How much revenue does Holy Cross Electric Assoc Inc report?
- Holy Cross Electric Assoc Inc reported $159,368,383 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Holy Cross Electric Assoc Inc's highest-paid employee make?
- The highest reported compensation on Holy Cross Electric Assoc Inc's latest Form 990 is $625,046, paid to Bryan Hannegan (President and Ceo).
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Data for Holy Cross Electric Assoc Inc (EIN 84-0229176) 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.