La Plata Electric Association Inc
501(c)(12)
100% goes to programs Strong reserves
La Plata Electric Association Inc is a 501(c)(12) organization based in Durango, Colorado, registered in 1940, with $118,213,999 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
45 Stewart St, Durango, CO, 81303 EIN 84-0248168 Since 1940
Revenue (FY2024)
$118.2M
▲ 3.5% vs prior year
Expenses (FY2024)
$107.5M
Net assets
$158.1M
Employees
134
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For La Plata Electric Association Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +9% 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 La Plata Electric Association Inc: 18 mo reserves · +9% 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 La Plata Electric Association 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 La Plata Electric Association Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible.
Contact & location
Financial trends
Revenue grew from $110.6M (FY2013) to $118.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $134.8MNet assets $158.1M
Operating margin
9.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$293.0M
Total liabilities
$134.8M
Net assets
$158.1M
Salaries & benefits
$14.7M
14% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $118,213,999▲3.5% | $107,466,442▼2.7% | $158,136,643▲5.6% | $292,966,410▲2.5% | 990 |
| 2023 | $114,201,372▲1.9% | $110,409,487▲1.7% | $149,778,575▲0.7% | $285,698,499▲0.3% | 990 |
| 2022 | $112,117,449▲2.2% | $108,527,921▲6.0% | $148,749,342▼1.9% | $284,945,015▼0.9% | 990 |
| 2021 | $109,650,926▼0.5% | $102,414,869▲0.1% | $151,572,156▲2.5% | $287,521,885▼0.6% | 990 |
| 2020 | $110,158,125▼2.2% | $102,315,958▼5.0% | $147,905,072▲3.0% | $289,318,898▼1.2% | 990 |
| 2019 | $112,584,531▲1.2% | $107,646,713▲1.0% | $143,578,638▲1.3% | $292,781,922▼2.1% | 990 |
| 2018 | $111,229,210▼0.3% | $106,577,852▲1.9% | $141,706,080▼0.5% | $299,179,864▼3.0% | 990 |
| 2017 | $111,595,637▲5.3% | $104,563,134▲4.5% | $142,433,233▲2.3% | $308,431,574▲1.9% | 990 |
| 2016 | $105,969,471▼2.9% | $100,102,415▼1.4% | $139,265,595▲1.4% | $302,738,376▼5.5% | 990 |
| 2015 | $109,097,908▼2.4% | $101,521,580▼2.7% | $137,364,872▲2.6% | $320,248,798▼1.0% | 990 |
| 2014 | $111,780,722▲1.1% | $104,297,410▲1.0% | $133,844,026▲4.1% | $323,345,252▲1.5% | 990 |
| 2013 | $110,607,660 | $103,222,775▲4.1% | $128,575,588▲3.6% | $318,594,843▲1.1% | 990 |
| 2012 | — | $99,141,985▼1.4% | $124,077,074▼1.3% | $315,037,167▲9.6% | 990 |
| 2011 | — | $100,583,142▲2.6% | $125,671,814▲2.9% | $287,364,168▼0.7% | 990 |
| 2010 | — | $98,036,965 | $122,145,397 | $289,503,153 | 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: Jessica Matlock — $403,184 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jessica Matlock | Chief Executive Officer | 60 | $403,184 |
| Graham Smith | Interim Chief Executive Officer / General Council | 60 | $369,865 |
| Dan Harms | Executive Vp of Grid Solutions & Special Projects | 50 | $318,214 |
| Elizabeth Howe | Vp of Administrative Services | 50 | $256,320 |
| Patrick Berry | Vice President of Finance | 50 | $229,494 |
| Jerry Sutherlin | Vice President of Operations | 50 | $222,346 |
| Drew Timmerman | Vice President of Information Technology | 50 | $209,435 |
| Aaron Renner | Dispatch | 40 | $185,984 |
| Garrett Hammer | District Manager - Pagosa Springs | 50 | $181,460 |
| Rachel Killinen | Dispatcher | 40 | $178,001 |
| Trevor Bryant | Lineman | 40 | $173,393 |
| Michael Messier | Working Foreman, Lineman | 40 | $168,862 |
| Chris Hansen | Chief Executive Officer | 50 | $75,353 |
| Nicole Pitcher | Board Secretary | 9.01 | $24,194 |
| Tim Wheeler | Treasurer | 7.73 | $23,875 |
| Ted Compton | Board President | 8.21 | $23,000 |
| Holly Metzler | Director | 12.16 | $21,725 |
| David Luschen | Director | 7.01 | $20,917 |
| Kirsten Skeehan | Director | 10.26 | $20,691 |
| Rachel Landis | Board Vice President | 7 | $19,778 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ward Electric Company Inc | Construction Services | $4,273,821 |
| Vm West LP | Fire Mitigation | $3,049,378 |
| Circle Z Construction LLC | Construction Services | $1,359,597 |
| Woodchuck Tree Service LLC | Tree Trimming Services | $1,350,057 |
| Reliable Power Consultants | Consulting Services | $576,075 |
Grants received · $108K total
2 grants to La Plata Electric Association Inc totaling $108K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Energy Outreach Colorado | Energy assistance | 2024 | $44,021 |
| Energy Outreach Colorado | Energy assistance | 2023 | $63,527 |
Grants made · $52K in FY2022
3 grants totaling $52K in FY2022. All grants made by La Plata Electric Association Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Upper San Juan Library District | Stem grant | $25,000 |
| Durango School District 9r | Stem grant | $21,000 |
| Friends of the Ignacio Library | Educational donation | $5,750 |
Frequently asked questions
- Is La Plata Electric Association Inc a legitimate nonprofit?
- Yes. La Plata Electric Association Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 84-0248168, based in Durango, Colorado.
- What is La Plata Electric Association Inc's EIN?
- La Plata Electric Association Inc's Employer Identification Number (EIN) is 84-0248168.
- How much revenue does La Plata Electric Association Inc report?
- La Plata Electric Association Inc reported $118,213,999 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of La Plata Electric Association Inc's spending goes to programs?
- La Plata Electric Association Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does La Plata Electric Association Inc have?
- CharityIndex grades La Plata Electric Association Inc A+, based on program efficiency and fundraising cost.
- How much does La Plata Electric Association Inc's highest-paid employee make?
- The highest reported compensation on La Plata Electric Association Inc's latest Form 990 is $403,184, paid to Jessica Matlock (Chief Executive Officer).
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Data for La Plata Electric Association Inc (EIN 84-0248168) 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.