San Isabel Electric Association Inc
501(c)(12)
Strong reserves
San Isabel Electric Association Inc is a 501(c)(12) organization based in Pueblo West, Colorado, registered in 1970, with $62,411,395 in FY2024 revenue.
781 E Industrial Blvd, Pueblo West, CO, 81007 EIN 84-0312535 Since 1970
Revenue (FY2024)
$62.4M
▲ 2.2% vs prior year
Expenses (FY2024)
$62.6M
Net assets
$78.0M
Employees
94
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 San Isabel Electric Association 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 rating15 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 San Isabel Electric Association Inc: 15 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 San Isabel 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 San Isabel Electric Association Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 781 E Industrial Blvd, Pueblo West, CO, 81007
- City
- Pueblo West
- State
- Colorado
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $55.9M (FY2013) to $62.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $146.5MNet assets $78.0M
Operating margin
-0.3%
Spent more than it raised in the latest fiscal year.
Total assets
$224.5M
Total liabilities
$146.5M
Net assets
$78.0M
Salaries & benefits
$1.8M
3% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $62,411,395▲2.2% | $62,583,469▲2.3% | $77,976,315▲3.9% | $224,487,046▲2.7% | 990 |
| 2023 | $61,046,770▲2.5% | $61,204,024▲2.5% | $75,038,539▲1.2% | $218,558,448▲2.7% | 990 |
| 2022 | $59,568,606▲3.2% | $59,700,593▲3.2% | $74,164,804▲0.9% | $212,726,748▲6.8% | 990 |
| 2021 | $57,713,499▼3.1% | $57,835,731▼2.4% | $73,503,336▲2.2% | $199,226,776▲8.7% | 990 |
| 2020 | $59,570,758▲0.7% | $59,240,227▲0.2% | $71,896,114▲4.0% | $183,301,456▲5.6% | 990 |
| 2019 | $59,151,305▼2.7% | $59,151,305▼2.7% | $69,163,335▼1.3% | $173,503,430▲2.0% | 990 |
| 2018 | $60,794,250▲0.8% | $60,794,250▲0.8% | $70,099,996▼0.3% | $170,177,246▼2.1% | 990 |
| 2017 | $60,307,941▲8.2% | $60,307,941▲9.4% | $70,298,880▲2.8% | $173,785,631▲3.2% | 990 |
| 2016 | $55,729,126▼3.2% | $55,121,867▲1.0% | $68,400,999▲3.3% | $168,401,794▼0.9% | 990 |
| 2015 | $57,559,663▼3.5% | $54,554,708▼8.5% | $66,204,721▲5.4% | $169,975,123▼2.0% | 990 |
| 2014 | $59,644,322▲6.6% | $59,644,322▲6.6% | $62,812,948▲1.0% | $173,391,312▼9.4% | 990 |
| 2013 | $55,941,463 | $55,941,463▲5.9% | $62,180,434▲1.4% | $191,305,494▲6.1% | 990 |
| 2012 | — | $52,826,687▲3.7% | $61,293,652▲4.1% | $180,270,253▲6.2% | 990 |
| 2011 | — | $50,920,729▲9.2% | $58,878,435▲3.4% | $169,796,618▼0.5% | 990 |
| 2010 | — | $46,647,458 | $56,919,980 | $170,586,708 | 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: Eldon Ryan Elarton — $272,005 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eldon Ryan Elarton | General Manager | 40 | $272,005 |
| Darryl Stewart | Chief Operating Officer | 40 | $198,917 |
| James Hardy | Lineman | 40 | $189,923 |
| Steven Zavesky | Lineman | 40 | $161,482 |
| Kevin Schleich | Line Superintendent | 40 | $159,999 |
| Gary Eitel | Chief Administrative Officer | 40 | $157,491 |
| Lisa Folga | Chief Business Officer | 40 | $139,011 |
| Deborah Rose | Director | 25 | $21,850 |
| Dennis Maroney | Director | 11 | $13,975 |
| Edward R Garcia | Director | 14 | $11,975 |
| Jacque Sikes | Director | 12 | $11,975 |
| Doris Morgan | Director | 10 | $9,825 |
| Don Tokar | Director | 15 | $9,750 |
| Donald Keairns | Director | 9 | $7,425 |
| Greg Costa | — | 16 | $2,200 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Western United | Materials | $4,113,746 |
| Wilson Excavation Inc | Contract Labor | $546,310 |
| Ward Electric | Contract Labor | $426,423 |
| Tantalus Systems | Meters | $287,175 |
| Hotline Electrical | Materials | $246,110 |
Grants received · $141K total
5 grants to San Isabel Electric Association Inc totaling $141K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Energy Outreach Colorado | Energy assistance | 2024 | $26,810 |
| Energy Outreach Colorado | Energy assistance | 2023 | $35,338 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2021 | $41,204 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2019 | $13,817 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2018 | $23,911 |
Grants made · $46K in FY2024
4 grants totaling $46K in FY2024. All grants made by San Isabel Electric Association Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Energy Outreach Colorado | Donate leap program | $22,048 |
| Beaulah Fire Protection and Ambulance District Auxiliary | Donation of class a burn box | $10,000 |
| Huerfano Las Animas Area Council of Governments | Donation for new senior center | $7,500 |
| Metro Volunteers | Donation of high-nutrient meals | $6,500 |
Frequently asked questions
- Is San Isabel Electric Association Inc a legitimate nonprofit?
- Yes. San Isabel Electric Association Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 84-0312535, based in Pueblo West, Colorado.
- What is San Isabel Electric Association Inc's EIN?
- San Isabel Electric Association Inc's Employer Identification Number (EIN) is 84-0312535.
- How much revenue does San Isabel Electric Association Inc report?
- San Isabel Electric Association Inc reported $62,411,395 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does San Isabel Electric Association Inc's highest-paid employee make?
- The highest reported compensation on San Isabel Electric Association Inc's latest Form 990 is $272,005, paid to Eldon Ryan Elarton (General Manager).
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Data for San Isabel Electric Association Inc (EIN 84-0312535) 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.