White River Elec Assoc Inc
501(c)(12)
Strong reserves
White River Elec Assoc Inc is a 501(c)(12) organization based in Meeker, Colorado, registered in 1963, with $49,358,826 in FY2024 revenue.
Po Box 958, Meeker, CO, 81641 EIN 84-0372091 Since 1963
Revenue (FY2024)
$49.4M
▼ 3.6% vs prior year
Expenses (FY2024)
$49.4M
Net assets
$73.2M
Employees
27
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 White River Elec 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 rating18 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 White River Elec Assoc Inc: 18 mo reserves · +0% 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 White River Elec 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 White River Elec Assoc Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Strives to provide its members/consumers with safe, reliable and reasonable electric energy and other services at the most reasonable costs possible while remaining committed to customer and community service
Contact & location
Financial trends
Revenue declined from $79.7M (FY2013) to $49.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $22.7MNet assets $73.2M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$95.9M
Total liabilities
$22.7M
Net assets
$73.2M
Salaries & benefits
$2.6M
5% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $49,358,826▼3.6% | $49,358,826▼1.6% | $73,203,274▲4.2% | $95,865,120▲1.1% | 990 |
| 2023 | $51,176,786▲4.8% | $50,157,306▲2.7% | $70,256,549▲1.2% | $94,811,531▲2.1% | 990 |
| 2022 | $48,823,595▲4.0% | $48,823,595▲4.0% | $69,448,727▲7.3% | $92,836,265▲0.2% | 990 |
| 2021 | $46,934,364▼18.7% | $46,934,364▼18.7% | $64,735,114▲0.9% | $92,669,800▲0.1% | 990 |
| 2020 | $57,760,849▼9.2% | $57,760,849▼9.2% | $64,126,863▼3.7% | $92,615,042▲0.4% | 990 |
| 2019 | $63,647,008▼10.0% | $63,647,008▼9.8% | $66,617,618▼3.8% | $92,228,923▲0.3% | 990 |
| 2018 | $70,710,189▲4.0% | $70,554,333▲3.8% | $69,261,811▲8.5% | $91,928,067▼0.2% | 990 |
| 2017 | $68,010,801▲11.2% | $67,959,490▲12.5% | $63,853,187▲6.6% | $92,121,656▲9.6% | 990 |
| 2016 | $61,143,767▼22.8% | $60,394,657▼23.8% | $59,899,450▲4.7% | $84,058,082▲4.4% | 990 |
| 2014 | $79,233,547▼0.5% | $79,233,547▼0.5% | $57,211,384▲7.3% | $80,550,506▲9.5% | 990 |
| 2013 | $79,656,853 | $79,656,853▲13.4% | $53,321,127▲18.7% | $73,571,065▲10.3% | 990 |
| 2012 | — | $70,267,442▼4.0% | $44,938,494▼3.3% | $66,716,469▲3.9% | 990 |
| 2011 | — | $73,165,149▲12.1% | $46,479,445▲1.2% | $64,225,016▲9.6% | 990 |
| 2010 | — | $65,264,100 | $45,911,330 | $58,622,132 | 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: Alan J Michalewicz — $370,887 (0.75% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan J Michalewicz | Ceo | 40 | $370,887 |
| Dale K Dunbar | Cfo | 40 | $266,628 |
| Christopher Reidinger | Manager of Engineering | 40 | $189,453 |
| Brett A Berthelson | Manager of Operations | 40 | $184,038 |
| James H Sheridan | Manager of Accounting | 40 | $165,505 |
| Jason F Kracht | Superintendent | 40 | $149,839 |
| Chris S Stanworth | Working Foreman | 40 | $146,540 |
| Todd C Gerloff | Project Coordfield Rep | 40 | $122,949 |
| Mark A Rogers | Director | 4.3 | $24,977 |
| Kelly G Sheridan | Director | 4.66 | $24,827 |
| Shane P Phelan | Director | 1.88 | $22,277 |
| Hal Pearce | Director | 4.82 | $21,977 |
| Brett Dearman | Director | 2.19 | $18,227 |
| Bryce Ducey | Director | 2.15 | $18,227 |
| Ronald K Hilkey | Director | 2.6 | $17,105 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cromer Contracting Company | Contract Labor | $884,526 |
| High Rise Environmental | Tree Trimming | $162,313 |
| Vlcm | Information Tech | $146,946 |
| Ireland Stapleton Pryor & Pascoe | Legal Counsel | $138,111 |
| Overstory | Line Analysis | $125,000 |
Grants received · $15K total
2 grants to White River Elec Assoc Inc totaling $15K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Energy Outreach Colorado | Energy assistance | 2024 | $5,392 |
| Energy Outreach Colorado | Energy assistance | 2023 | $9,843 |
Frequently asked questions
- Is White River Elec Assoc Inc a legitimate nonprofit?
- Yes. White River Elec Assoc Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 84-0372091, based in Meeker, Colorado.
- What is White River Elec Assoc Inc's EIN?
- White River Elec Assoc Inc's Employer Identification Number (EIN) is 84-0372091.
- How much revenue does White River Elec Assoc Inc report?
- White River Elec Assoc Inc reported $49,358,826 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does White River Elec Assoc Inc's highest-paid employee make?
- The highest reported compensation on White River Elec Assoc Inc's latest Form 990 is $370,887, paid to Alan J Michalewicz (Ceo).
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Data for White River Elec Assoc Inc (EIN 84-0372091) 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.