High Plains Power INC FY2022 filing

Not tax-deductible

Riverton, WYMutual-benefit / member-servingSince 1998Mutual / membership EIN 84-1414521Revenue $80.4M in FY2022

On file with the IRShighplainspower.org1775 E Monroe Ave, 82501-4812 · Riverton, WYTax-exempt since Feb 1998

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Serve the member/owners under the cooperatives principles.

$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $182K a year · under 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $70.2M in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $70.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$52.3M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$80.4M
+7% vs prior year
Spent
$80.3M
To programs
0%
Net assets
$99.8M
By yearFY2020–FY2025
Revenue
$80.4M
FY2022▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$63.9M
FY2021$74.8M
FY2022$80.4M
FY2023$81.0M
FY2024$85.1M
FY2025$78.6M
Expenses
$80.3M
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$63.6M
FY2021$74.8M
FY2022$80.3M
FY2023$80.8M
FY2024$84.8M
FY2025$78.5M
Net assets
$99.8M
FY2022▼ -0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$98.0M
FY2021$100.4M
FY2022$99.8M
FY2023$100.4M
FY2024$103.3M
FY2025$104.9M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

18 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
$163,524Pt VII · Sec A
$142,198Pt VII · Sec A
Line Superintendent
$128,581Pt VII · Sec A
$117,124Pt VII · Sec A
Line Foreman
$114,323Pt VII · Sec A
Meter Foreman
$112,870Pt VII · Sec A
Line Foreman
$112,488Pt VII · Sec A
Line Foreman
$111,433Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Darick Eisenbraun$320,788$218,540$182,881$163,524$161,570—
Clinton J Caress——$213,367———
Jon S Mayes$193,024$151,212$127,645———
Marlene Morss————$58,042$168,171
Michael Harmon——$14,536$142,198$61,220—
Patrick Childers$137,041—————
Eric McDonald$131,117$122,589$116,805$112,870$107,400$109,723
Andrew M Erickson$130,951$125,802$115,369———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers member-owners through cooperative principles.

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1 program · in their own filed words · FY2022
01

The organizations purpose is to provide reliable, affordable electric service to its members within its service territory in rural north central wyoming.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$80.4M
Ln 12
Fees for servicesLn 2g$79.9M
Investment incomeLn 3$407K
Other incomeLn 4–11$6K
Money outPt IX
$80.3M
Ln 25
Owns and owesPt X
$99.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.4M
Total assetsLn 16$152.1M
LiabilitiesLn 26$52.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A16
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$79.9M
Investment incomeLn 3$407K
Other incomeLn 4–11$6K
Gains on assetsLn 7$47K
Total revenueLn 12$80.4M
Assets in detailPt X, end of year
CashLn 1$1.4M
Cash and savings togetherLn 1–2$1.4M
InvestmentsLn 11–13$70.2M
Land, buildings, equipmentLn 10c$71.5M
Total assetsLn 16$152.1M
LiabilitiesLn 26$52.3M
Net assetsLn 32$99.8M
OperationsPt I, VI
EmployeesI 566
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$766K$1.4M
InvestmentsLn 11–13$72.2M$70.2M
Land, buildings, equipmentLn 10c$69.2M$71.5M
Total assetsLn 16$149.7M$152.1M
LiabilitiesLn 26$49.3M$52.3M
Net assetsLn 32$100.4M$99.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$1.6M
Pay of current officers, directors and key staffLn 5$624K
Other salaries and wagesLn 7$2.6M
Pension plan contributionsLn 8$473K
Other employee benefitsLn 9$487K
Payroll taxesLn 10$24K
Legal feesLn 11b$194K
Accounting feesLn 11c$15K
Office expensesLn 13$406K
InterestLn 20$1.7M
Depreciation, depletion and amortizationLn 22$4.0M
Other expenses (24a–d)Ln 24$67.5M$67.5M
All other expensesLn 24e$537K
Total functional expensesLn 25$80.3M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $78.6M$78.5M$121K$104.9M 990 PDF
FY2024 $85.1M$84.8M$350K$103.3M 990 PDF
FY2023 $81.0M$80.8M$212K$100.4M 990 PDF
FY2022 Viewing $80.4M$80.3M$95K$99.8M 990 PDF
FY2021 $74.8M$74.8M$59K$100.4M 990 PDF
FY2020 $63.9M$63.6M$254K$98.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $80,362,207 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,030,200$0
I-9 Program service revenuePrior year $72,085,990$79,949,093
I-10 Investment incomePrior year $1,672,647$407,262
I-11 Other revenuePrior year $21,151$5,852
I-12 Total revenuePrior year $74,809,988$80,362,207
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $4,058,781$1,598,478
I-15 Salaries and benefitsPrior year $2,923,851$4,223,359
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $67,768,815$74,445,688
I-18 Total expensesPrior year $74,751,447$80,267,525
I-19 Revenue less expensesPrior year $58,541$94,682
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $80,362,207 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,949,093$79,949,093
VIII-3 Investment incomeRelated to mission $201,015 · Excluded from tax $159,432$360,447
VIII-7 Net gain or loss on sales of assetsRelated to mission $46,815$46,815
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,852$5,852
VIII-12 Total revenueRelated to mission $80,202,775 · Unrelated business $0 · Excluded from tax $159,432$80,362,207
Part IX · Statement of functional expenses $80,267,525 across 13 lines filed
IX-4 Benefits paid to or for members$1,598,478
IX-5 Pay of current officers, directors and key staff$624,022
IX-7 Other salaries and wages$2,614,995
IX-8 Pension plan contributions$473,399
IX-9 Other employee benefits$487,304
IX-10 Payroll taxes$23,639
IX-11b Legal fees$193,694
IX-11c Accounting fees$14,810
IX-13 Office expenses$406,176
IX-20 Interest$1,720,277
IX-22 Depreciation, depletion and amortization$4,034,106
IX-24 Other expenses (24a–d)Programs $67,539,398$67,539,398
IX-24e All other expenses$537,227
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$80,267,525
Part X · Balance sheet $152,103,280 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $766,162$1,399,807
X-4 Accounts receivableStart of year $5,798,711$6,238,221
X-8 Inventories for sale or useStart of year $1,201,385$2,238,914
X-9 Prepaid expenses and deferred chargesStart of year $502,433$565,325
X-10c Land, buildings and equipment, netStart of year $69,200,324$71,450,027
X-13 Program-related investmentsStart of year $72,235,629$70,210,986
X-16 Total assetsStart of year $149,704,644$152,103,280
X-17 Accounts payable and accrued expensesStart of year $8,620,884$9,307,114
X-25 Other liabilitiesStart of year $2,000,000$6,000,000
X-26 Total liabilitiesStart of year $49,315,420$52,348,638
X-32 Total net assets or fund balancesStart of year $100,389,224$99,754,642
X-33 Total liabilities and net assetsStart of year $149,704,644$152,103,280
Part XI · Reconciliation of net assets $99,754,642 net assets at year end
XI-1 Total revenue$80,362,207
XI-2 Total expenses$80,267,525
XI-3 Revenue less expenses$94,682
XI-4 Net assets at start of year$100,389,224
XI-9 Other changes in net assets−$729,264
XI-10 Net assets at end of year$99,754,642

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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