Lower Valley Energy Inc
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Lower Valley Energy Inc is a 501(c)(12) organization based in Afton, Wyoming, registered in 1937, with $80,234,390 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 188, Afton, WY, 83110 EIN 83-0129756 Since 1937
Revenue (FY2024)
$80.2M
▲ 3.0% vs prior year
Expenses (FY2024)
$73.9M
Net assets
$118.5M
Employees
98
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 Lower Valley Energy Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +8% 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 Lower Valley Energy Inc: 19 mo reserves · +8% 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 Lower Valley Energy 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 Lower Valley Energy Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The organization provides electricity and natural gas to rural members on a not-for-profit cooperative basis.
Contact & location
Financial trends
Revenue grew from $52.7M (FY2013) to $80.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $200.2MNet assets $118.5M
Operating margin
7.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$318.7M
Total liabilities
$200.2M
Net assets
$118.5M
Salaries & benefits
$14.2M
19% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $80,234,390▲3.0% | $73,909,980▲1.1% | $118,548,274▲6.8% | $318,743,205▼2.2% | 990 |
| 2023 | $77,896,056▲0.6% | $73,112,349▲3.5% | $111,045,709▲6.0% | $325,927,439▲5.8% | 990 |
| 2022 | $77,408,969▲13.9% | $70,618,350▲8.5% | $104,730,694▲8.8% | $308,120,188▼1.3% | 990 |
| 2021 | $67,991,433▲0.1% | $65,072,275▲0.6% | $96,227,612▲5.3% | $312,114,980▼2.8% | 990 |
| 2020 | $67,905,743▲6.9% | $64,663,741▲2.6% | $91,342,092▲4.7% | $321,006,166▲4.4% | 990 |
| 2019 | $63,547,923▲3.9% | $63,045,226▲3.0% | $87,255,270▲1.8% | $307,397,414▲4.4% | 990 |
| 2018 | $61,166,995▲4.0% | $61,181,358▲4.9% | $85,699,264▲1.8% | $294,549,644▲8.9% | 990 |
| 2017 | $58,842,369▲5.8% | $58,329,420▲12.4% | $84,189,217▲2.1% | $270,386,818▼3.1% | 990 |
| 2016 | $55,633,338▲4.2% | $51,897,128▲4.0% | $82,456,365▲6.0% | $279,112,830▼2.4% | 990 |
| 2015 | $53,376,227▼4.1% | $49,884,382▼9.9% | $77,803,615▲5.4% | $285,857,493▼1.7% | 990 |
| 2014 | $55,673,304▲5.6% | $55,385,933▲9.4% | $73,807,328▲2.7% | $290,661,114▼1.5% | 990 |
| 2013 | $52,744,190 | $50,643,480 | $71,859,386 | $295,123,151 | 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: James R Webb — $440,280 (0.60% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James R Webb | Presidentchief Executive Officer | 50 | $440,280 |
| Richard Knori | Director of Engineering | 50 | $274,506 |
| Jon Hougland | Staff Assistant | 50 | $196,285 |
| Craig Coles | Director of Gas Operations | 50 | $190,924 |
| Mallory Winters | Electric Foreman | 50 | $186,984 |
| Preston Conte | Journeyman Lineman | 50 | $167,720 |
| Larry Bowlin | Foreman | 50 | $165,727 |
| Anna Helm | Finance Manager | 50 | $123,170 |
| Ray Elser | Secretarytreasurerdirector | 10 | $29,775 |
| Nancy Winters | Director | 5 | $24,500 |
| Max Moran | Director | 5 | $24,350 |
| Bob Mclaurin | Director | 5 | $23,900 |
| Dan Dockstader | Chairmandirector | 10 | $21,200 |
| Fred Brog | Director | 5 | $21,100 |
| Ted Ladd | Vice-chairdirector | 5 | $18,300 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wilkes Excavation | Construction | $1,880,174 |
| Mountainside Power LLC | Construction | $1,418,360 |
| Vista Tree Care LLC | Construction | $391,094 |
| Iron Peak Excavation LLC | Construction | $258,190 |
| Western Wyoming Timber Services LLC | Trucking | $185,165 |
Frequently asked questions
- Is Lower Valley Energy Inc a legitimate nonprofit?
- Yes. Lower Valley Energy Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 83-0129756, based in Afton, Wyoming.
- What is Lower Valley Energy Inc's EIN?
- Lower Valley Energy Inc's Employer Identification Number (EIN) is 83-0129756.
- How much revenue does Lower Valley Energy Inc report?
- Lower Valley Energy Inc reported $80,234,390 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lower Valley Energy Inc's spending goes to programs?
- Lower Valley Energy Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lower Valley Energy Inc have?
- CharityIndex grades Lower Valley Energy Inc A+, based on program efficiency and fundraising cost.
- How much does Lower Valley Energy Inc's highest-paid employee make?
- The highest reported compensation on Lower Valley Energy Inc's latest Form 990 is $440,280, paid to James R Webb (Presidentchief Executive Officer).
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Data for Lower Valley Energy Inc (EIN 83-0129756) 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.