High Plains Power INC FY2023 filing

Not tax-deductible

Riverton, WYMutual-benefit / member-servingSince 1998EIN 84-1414521

Serve the member/owners under the cooperatives principles.

$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
$1.1M
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
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$53.9M
35% of total assets
Looks good: liabilities are 35% 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
$81.0M
+0.8% vs prior year
Spent
$80.8M
To programs
0%
Net assets
$100.4M
By yearFY2020–FY2025
Revenue
$81.0M
FY2023▲ +0.8%
Revenue by fiscal year
FY2020$63.9M
FY2021$74.8M
FY2022$80.4M
FY2023$81.0M
FY2024$85.1M
FY2025$78.6M
Expenses
$80.8M
FY2023▲ +0.6%
Expenses by fiscal year
FY2020$63.6M
FY2021$74.8M
FY2022$80.3M
FY2023$80.8M
FY2024$84.8M
FY2025$78.5M
Net assets
$100.4M
FY2023▲ +0.7%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

17 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
Line Superintendent
$213,367Pt VII · Sec A
$182,881Pt VII · Sec A
$127,645Pt VII · Sec A
Line Foreman
$117,265Pt VII · Sec A
Meter Foreman
$116,805Pt VII · Sec A
Line Foreman
$116,356Pt VII · Sec A
Journeyman Lineman
$115,369Pt VII · Sec A
Coojanuary
$14,536Pt 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.

Provided by the organization

This section is blank until High Plains Power INC claims this page.

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1 program service, described in the organization's own filed words · FY2023.
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

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$81.0M
Ln 12
Fees for servicesLn 2g$79.7M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$233K
Money outPt IX
$80.8M
Ln 25
Owns and owesPt X
$100.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$154.3M
LiabilitiesLn 26$53.9M
PeoplePt VI, VII
17
listed · VII A
PaidVII A17
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$79.7M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$233K
Gains on assetsLn 7$69K
Total revenueLn 12$81.0M
Assets in detailPt X, end of year
CashLn 1$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$68.0M
Land, buildings, equipmentLn 10c$73.8M
Total assetsLn 16$154.3M
LiabilitiesLn 26$53.9M
Net assetsLn 32$100.4M
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 FY23End FY23
Cash and savingsLn 1–2$1.4M$2.1M
InvestmentsLn 11–13$70.2M$68.0M
Land, buildings, equipmentLn 10c$71.5M$73.8M
Total assetsLn 16$152.1M$154.3M
LiabilitiesLn 26$52.3M$53.9M
Net assetsLn 32$99.8M$100.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$2.1M
Pay of current officers, directors and key staffLn 5$505K
Other salaries and wagesLn 7$2.9M
Pension plan contributionsLn 8$460K
Other employee benefitsLn 9$506K
Payroll taxesLn 10$242K
Legal feesLn 11b$177K
Accounting feesLn 11c$14K
Office expensesLn 13$360K
InterestLn 20$1.7M
Depreciation, depletion and amortizationLn 22$4.3M
Other expenses (24a–d)Ln 24$67.1M$67.1M
All other expensesLn 24e$478K
Total functional expensesLn 25$80.8M$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 Viewing $81.0M$80.8M$212K$100.4M 990 PDF
FY2022 $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 I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $80,968,340 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,681,862$79,681,862
VIII-3 Investment incomeRelated to mission $708,775 · Excluded from tax $276,251$985,026
VIII-6 Net rental income or lossRelated to mission $228,125$228,125
VIII-7 Net gain or loss on sales of assetsRelated to mission $68,531$68,531
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,796$4,796
VIII-12 Total revenueRelated to mission $80,692,089 · Unrelated business $0 · Excluded from tax $276,251$80,968,340
Part IX · Statement of functional expenses $80,756,241 across 13 lines filed
IX-4 Benefits paid to or for members$2,109,814
IX-5 Pay of current officers, directors and key staff$505,268
IX-7 Other salaries and wages$2,852,245
IX-8 Pension plan contributions$460,220
IX-9 Other employee benefits$505,914
IX-10 Payroll taxes$241,838
IX-11b Legal fees$177,404
IX-11c Accounting fees$13,931
IX-13 Office expenses$359,709
IX-20 Interest$1,674,319
IX-22 Depreciation, depletion and amortization$4,295,154
IX-24 Other expenses (24a–d)Programs $67,082,843$67,082,843
IX-24e All other expenses$477,582
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$80,756,241
Part X · Balance sheet $154,310,400 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,399,807$2,107,741
X-4 Accounts receivableStart of year $6,238,221$6,433,839
X-8 Inventories for sale or useStart of year $2,238,914$3,296,343
X-9 Prepaid expenses and deferred chargesStart of year $565,325$719,793
X-10c Land, buildings and equipment, netStart of year $71,450,027$73,768,413
X-13 Program-related investmentsStart of year $70,210,986$67,984,271
X-16 Total assetsStart of year $152,103,280$154,310,400
X-17 Accounts payable and accrued expensesStart of year $9,307,114$9,438,528
X-25 Other liabilitiesStart of year $6,000,000$9,000,000
X-26 Total liabilitiesStart of year $52,348,638$53,900,821
X-32 Total net assets or fund balancesStart of year $99,754,642$100,409,579
X-33 Total liabilities and net assetsStart of year $152,103,280$154,310,400
Part XI · Reconciliation of net assets $100,409,579 net assets at year end
XI-1 Total revenue$80,968,340
XI-2 Total expenses$80,756,241
XI-3 Revenue less expenses$212,099
XI-4 Net assets at start of year$99,754,642
XI-9 Other changes in net assets$442,838
XI-10 Net assets at end of year$100,409,579

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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