United Power Inc
501(c)(12)
100% goes to programs Strong reserves Growing revenue
United Power Inc is a 501(c)(12) organization based in Brighton, Colorado, registered in 1939, with $416,096,189 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
500 Cooperative Way, Brighton, CO, 80603 EIN 84-0340655 Since 1939
Revenue (FY2024)
$416.1M
▲ 21.5% vs prior year
Expenses (FY2024)
$415.7M
Net assets
$295.1M
Employees
225
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 United Power Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 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 United Power Inc: 9 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 United Power 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 United Power Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide reliable electric power and related services to our members at the most affordable cost.
Contact & location
Financial trends
Revenue grew from $167.0M (FY2013) to $416.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $295.1M
Operating margin
0.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$1.2B
Net assets
$295.1M
Salaries & benefits
$2.9M
1% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $416,096,189▲21.5% | $415,732,415▲21.6% | $295,099,608▲14.4% | $1,445,743,995▲103% | 990 |
| 2023 | $342,490,393▲6.9% | $342,016,918▲7.2% | $257,929,835▲4.7% | $712,520,880▲9.7% | 990 |
| 2022 | $320,285,113▲2.6% | $319,044,963▲2.4% | $246,264,666▲4.0% | $649,423,331▲8.9% | 990 |
| 2021 | $312,195,991▲1.3% | $311,609,347▲1.1% | $236,719,303▲5.5% | $596,297,380▲8.4% | 990 |
| 2020 | $308,257,944▲4.2% | $308,257,944▲4.2% | $224,477,002▲6.8% | $549,850,769▲7.7% | 990 |
| 2019 | $295,805,297▲11.9% | $295,805,297▲11.8% | $210,250,619▲8.1% | $510,498,230▲12.6% | 990 |
| 2018 | $264,462,163▲11.5% | $264,650,479▲11.3% | $194,555,335▲6.6% | $453,329,046▲7.9% | 990 |
| 2017 | $237,086,070▲4.9% | $237,865,815▲5.2% | $182,538,248▲3.8% | $420,077,743▲8.3% | 990 |
| 2016 | $226,012,171▲4.2% | $226,193,266▲4.2% | $175,901,166▲6.1% | $387,864,224▲1.2% | 990 |
| 2015 | $216,903,464▲15.1% | $217,024,191▲15.0% | $165,828,008▲10.1% | $383,092,522▲2.8% | 990 |
| 2014 | $188,509,614▲12.9% | $188,637,902▲12.9% | $150,662,243▲9.8% | $372,823,998▲9.7% | 990 |
| 2013 | $166,997,251 | $167,087,066▲5.8% | $137,262,705▲10.6% | $339,727,830▲5.5% | 990 |
| 2012 | — | $157,891,777▲6.2% | $124,111,674▲5.5% | $321,987,142▲3.5% | 990 |
| 2011 | — | $148,707,988▲12.5% | $117,647,917▲7.0% | $311,185,676▲3.6% | 990 |
| 2010 | — | $132,161,609 | $109,904,975 | $300,251,623 | 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: Mark Gabriel — $727,450 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Gabriel | President and Chief Execut | 40 | $727,450 |
| Troy Whitmore | Vp & Public Affairs Office | 40 | $368,612 |
| Laura Burkhart | Svp & Chief Financial Offi | 40 | $357,611 |
| Robin Meidhof | Svp & Chief Legal Officer | 40 | $330,634 |
| Dean Hubbuck | Svp & Chief Energy Resourc | 40 | $315,663 |
| Janifer Kulmann | Svp & Chief Operating Officer | 40 | $303,487 |
| Trista Fugate | Senior Vp and Chief Market | 40 | $273,614 |
| Alice Beauchamp | Svp & Chief Information of | 40 | $249,863 |
| Erin Hane | Chief Human Resources Officer | 40 | $222,781 |
| Brent Sydow | Vp of Operations | 40 | $216,734 |
| Jason Moore | Troubleshooter | 40 | $204,431 |
| Joshua Steinke | Working Foreman | 40 | $204,148 |
| Gregory Howes | Vp of Energy Resource Planning | 40 | $189,894 |
| Mathieu Bartlett | Vp of It Infrastructure and Ops | 40 | $187,756 |
| Ursula Morgan | Chairman | 22 | $36,716 |
| Virginia Buczek | Director/crea Director | 22 | $35,491 |
| Elizabeth Martin | Director | 20 | $34,216 |
| Brad Case | Director | 14 | $31,716 |
| Brian Mccormick | Vice Chairman | 18 | $31,716 |
| James Vigesaa | Director | 10 | $31,716 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ward Electric Company Inc | Line Construction | $33,233,492 |
| Traffic Management Inc | Traffic Control | $2,716,997 |
| Leidos Engineering LLC | Managed Services | $2,600,730 |
| Novinium LLC | Managed Services | $2,278,381 |
| Nei Electric Power Engineering Inc | Managed Services | $2,192,035 |
Grants received · $220K total
2 grants to United Power Inc totaling $220K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Energy Outreach Colorado | Energy assistance | 2024 | $108,633 |
| Energy Outreach Colorado | Energy assistance | 2023 | $110,978 |
Frequently asked questions
- Is United Power Inc a legitimate nonprofit?
- Yes. United Power Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 84-0340655, based in Brighton, Colorado.
- What is United Power Inc's EIN?
- United Power Inc's Employer Identification Number (EIN) is 84-0340655.
- How much revenue does United Power Inc report?
- United Power Inc reported $416,096,189 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of United Power Inc's spending goes to programs?
- United Power Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does United Power Inc have?
- CharityIndex grades United Power Inc A+, based on program efficiency and fundraising cost.
- How much does United Power Inc's highest-paid employee make?
- The highest reported compensation on United Power Inc's latest Form 990 is $727,450, paid to Mark Gabriel (President and Chief Execut).
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Data for United Power Inc (EIN 84-0340655) 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.