NonprofitsMorgan County Rural Electric Association

Morgan County Rural Electric Association

FORT MORGAN, CO

Total revenue

$57.4M

Total expenses

$57.4M

Net assets

$56.3M

Grants received

EIN

840271515

Tax year

2024

Mission

Morgan County Rural Electric Association is a cooperative that provides distribution and sales of electric energy on a retail basis to the rural areas of six counties in Colorado.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$56.6M
Investment income$707K
Other revenue$64K
Total revenue$57.4M

Expenses

Grants paid
Salaries & benefits$5.1M
Fundraising
Other expenses$42.4M
Total expenses$57.4M
Total assets$110.4M
Net assets$56.3M

People

16 listed

NameRoleCompensation

David Frick

General Manager

Board

$243K

45 hrs/wk

Robb Shaver

Manager of Office Services

Board

$153K

45 hrs/wk

David E Arndt

Director

Board

$36K

5 hrs/wk

Timothy A Peggram

Director

Board

$35K

5 hrs/wk

Terry Tormohlen

Director

Board

$33K

5 hrs/wk

J Brian Pabst

Director

Board

$33K

5 hrs/wk

Larry Hoozee

Director

Board

$32K

5 hrs/wk

Cary Wickstrom

Director

Board

$21K

5 hrs/wk

Jim Bostron

Director

Board

$18K

5 hrs/wk

Kyle Eiring

Director

Board

$17K

5 hrs/wk

Terry Linker

Director

Board

$17K

5 hrs/wk

Steve Sundet

Manager of Engineering

Staff

$160K

45 hrs/wk

Rodney Rhoades

Lineman

Staff

$148K

40 hrs/wk

Alan Mason

Manager of Operations

Staff

$143K

45 hrs/wk

Roger Wunsch

Lineman

Staff

$142K

40 hrs/wk

Robert Baranowski

Manager of Member Services

Staff

$125K

45 hrs/wk

Independent contractors

Altitude Energy

Power Line Construction

$4.1M

Mountainside Power LLC

Power Line Construction

$892K

United Tree Service

Tree Trimming

$217K

Details

EIN840271515
Subsection12
Ruling date1938-08
Formed1937
Employees43
Volunteers0
MORGAN COUNTY RURAL ELECTRIC ASSOCIATION — Mission, Financials & Grants Received | Grantivo