Mt Wheeler Power INC

Not tax-deductible

Ely, NVMutual-benefit / member-servingSince 1963EIN 88-0106922Revenue $46.1M in FY2024

On file with the IRSmwpower.net1600 Great Basin Blvd, 89301-3134 · Ely, NVTax-exempt since May 1972

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To provide quality and reliable electric service to members of the cooperative.

$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $356K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.7M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $3K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32.3M
46% of total assets
Looks good: liabilities are 46% 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
$46.1M
+8% vs prior year
Spent
$43.8M
Net assets
$38.2M
By yearFY2020–FY2024
Revenue
$46.1M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$40.2M
FY2021$40.0M
FY2022$41.4M
FY2023$42.7M
FY2024$46.1M
Expenses
$43.8M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$40.6M
FY2021$39.9M
FY2022$41.6M
FY2023$42.7M
FY2024$43.8M
Net assets
$38.2M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$34.2M
FY2021$37.3M
FY2022$37.4M
FY2023$36.3M
FY2024$38.2M

From the FY2024 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: FY2024. IRS ruling in May 1972.

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

Who runs it and what they're paid

19 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
$251,870Pt VII · Sec A
Accounting/Finance Manager
$165,585Pt VII · Sec A
Member Services/Communication Mgr
$157,529Pt VII · Sec A
Operations Manager
$157,458Pt VII · Sec A
$155,389Pt VII · Sec A
Substation Manager
$153,423Pt VII · Sec A
Troubleman
$147,732Pt VII · Sec A
Meter Tech
$145,756Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Kevin Robison$251,870$252,505$239,531$231,457$213,449
Martin Burdick—$170,482$147,918——
Patricia Stanton$165,585$154,544$139,478$137,480$134,953
Shellie Watts$157,529$151,546$149,143$140,418$137,909
William Ricci$157,458$149,617$146,133$139,905$140,317
Jason McNutt$155,389$142,532———
Timothy Uhalde$153,423————
Zeke Stanton$147,732————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supplies reliable electricity to its member cooperative.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Providing electric energy to our members on a cooperative basis through the allocation of patronage capital. There were 7,557 active services at year end.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$3K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$46.1M
Ln 12
Fees for servicesLn 2g$45.6M
Other incomeLn 4–11$281K
Investment incomeLn 3$250K
Money outPt IX
$43.8M
Ln 25
Owns and owesPt X
$38.2M
net assets · Ln 32
Cash and savingsLn 1–2$4.2M
Total assetsLn 16$70.5M
LiabilitiesLn 26$32.3M
PeoplePt VI, VII
19
listed · VII A
PaidVII A19
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$45.6M
Investment incomeLn 3$250K
Other incomeLn 4–11$281K
Gains on assetsLn 7$135K
Total revenueLn 12$46.1M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$3.0M
Cash and savings togetherLn 1–2$4.2M
InvestmentsLn 11–13$7.3M
Land, buildings, equipmentLn 10c$49.1M
Total assetsLn 16$70.5M
LiabilitiesLn 26$32.3M
Net assetsLn 32$38.2M
OperationsPt I, VI
EmployeesI 538
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$3.1M$4.2M
InvestmentsLn 11–13$5.0M$7.3M
Land, buildings, equipmentLn 10c$46.6M$49.1M
Total assetsLn 16$63.6M$70.5M
LiabilitiesLn 26$27.3M$32.3M
Net assetsLn 32$36.3M$38.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K
Benefits paid to or for membersLn 4$1.0M
Pay of current officers, directors and key staffLn 5$1.3M
Other salaries and wagesLn 7$2.9M
Pension plan contributionsLn 8$312K
Other employee benefitsLn 9$888K
Payroll taxesLn 10$266K
InterestLn 20$1.1M
Depreciation, depletion and amortizationLn 22$2.6M
Other expenses (24a–d)Ln 24$32.8M
All other expensesLn 24e$637K
Total functional expensesLn 25$43.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $46.1M$43.8M$2.3M$38.2M 990 PDF
FY2023 $42.7M$42.7M−$70K$36.3M 990 PDF
FY2022 $41.4M$41.6M−$161K$37.4M 990 PDF
FY2021 $40.0M$39.9M$59K$37.3M 990 PDF
FY2020 $40.2M$40.6M−$377K$34.2M 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 FY2024 990 (6 parts)
Part I · Summary $46,124,908 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $42,231,355$45,594,344
I-10 Investment incomePrior year $166,744$249,714
I-11 Other revenuePrior year $259,941$280,850
I-12 Total revenuePrior year $42,658,040$46,124,908
I-13 Grants and similar amounts paidPrior year $7,614$11,904
I-14 Benefits paid to membersPrior year $838,741$1,031,144
I-15 Salaries and benefitsPrior year $5,321,836$5,682,855
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,559,634$37,071,925
I-18 Total expensesPrior year $42,727,825$43,797,828
I-19 Revenue less expensesPrior year −$69,785$2,327,080
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
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 $46,124,908 across 6 lines filed
Lines not itemized here account for $5,290 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,594,344$45,594,344
VIII-3 Investment incomeExcluded from tax $114,539$114,539
VIII-6 Net rental income or lossExcluded from tax $1,500$1,500
VIII-7 Net gain or loss on sales of assetsRelated to mission $135,175$135,175
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,460 · Excluded from tax $272,600$274,060
VIII-12 Total revenueRelated to mission $45,734,609 · Unrelated business $1,660 · Excluded from tax $388,639$46,124,908
Part IX · Statement of functional expenses $43,797,828 across 11 lines filed
IX-1 Grants to domestic organizations$11,904
IX-4 Benefits paid to or for members$1,031,144
IX-5 Pay of current officers, directors and key staff$1,313,415
IX-7 Other salaries and wages$2,903,288
IX-8 Pension plan contributions$312,194
IX-9 Other employee benefits$888,392
IX-10 Payroll taxes$265,566
IX-20 Interest$1,063,800
IX-22 Depreciation, depletion and amortization$2,616,958
IX-24 Other expenses (24a–d)$32,754,132
IX-24e All other expenses$637,035
IX-25 Total functional expenses$43,797,828
Part X · Balance sheet $70,484,624 assets, 13 lines filed
Asset lines not itemized here account for $17,495; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $737,059$1,193,346
X-2 Savings and temporary cash investmentsStart of year $2,334,001$3,029,404
X-4 Accounts receivableStart of year $2,736,154$2,679,995
X-8 Inventories for sale or useStart of year $5,153,941$6,221,223
X-9 Prepaid expenses and deferred chargesStart of year $941,568$889,141
X-10c Land, buildings and equipment, netStart of year $46,636,401$49,104,572
X-13 Program-related investmentsStart of year $5,011,813$7,349,448
X-16 Total assetsStart of year $63,550,937$70,484,624
X-17 Accounts payable and accrued expensesStart of year $4,518,742$4,733,397
X-25 Other liabilitiesStart of year $1,978,942$2,033,636
X-26 Total liabilitiesStart of year $27,295,136$32,251,086
X-32 Total net assets or fund balancesStart of year $36,255,801$38,233,538
X-33 Total liabilities and net assetsStart of year $63,550,937$70,484,624
Part XI · Reconciliation of net assets $38,233,538 net assets at year end
XI-1 Total revenue$46,124,908
XI-2 Total expenses$43,797,828
XI-3 Revenue less expenses$2,327,080
XI-4 Net assets at start of year$36,255,801
XI-9 Other changes in net assets−$349,343
XI-10 Net assets at end of year$38,233,538

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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