Orcas Power & Light Cooperative

Not tax-deductible

Eastsound, WAMutual-benefit / member-servingSince 1937EIN 91-0348358Revenue $40.9M in FY2024

On file with the IRSopalco.com183-Mt Baker Road, 98245-0000 · Eastsound, WATax-exempt since Dec 1937

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The Cooperative serves its members with safe, reliable, cost effective, and environmentally sensitive utility services.

$2.0M 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 $4K 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
$2.0M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$91.6M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40.9M
+4% vs prior year
Spent
$40.8M
Net assets
$56.9M
By yearFY2020–FY2024
Revenue
$40.9M
FY2024▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$31.1M
FY2021$35.4M
FY2022$36.3M
FY2023$39.4M
FY2024$40.9M
Expenses
$40.8M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$32.5M
FY2021$35.8M
FY2022$36.4M
FY2023$37.6M
FY2024$40.8M
Net assets
$56.9M
FY2024▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$38.3M
FY2021$42.1M
FY2022$45.0M
FY2023$51.3M
FY2024$56.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1937.

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

Who runs it and what they're paid

16 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$380,309Pt VII · Sec A
Manager of Engineering & Operations
$236,660Pt VII · Sec A
Manager of Finance & Member Services
$209,322Pt VII · Sec A
$208,754Pt VII · Sec A
Substation Maintenance Technician
$207,575Pt VII · Sec A
Substation Maintenance Technician
$205,498Pt VII · Sec A
$203,361Pt VII · Sec A
Journeyman/Lineman
$202,978Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
J Foster Hildreth$380,309$369,516$337,525$298,047$297,621
Russell Guerry$236,660$218,144$194,740$183,243$189,738
Nancy Loomis$209,322$207,346$186,209$172,321$172,928
Dan Watters$208,754$191,959$179,812$165,009$152,032
Sean Parsons$207,575$200,417$178,194$151,572$151,660
Kai Burleson$205,498——$169,542$151,421
Brian Swanson$203,361——$168,464$159,646
Luke Furber—$203,138$167,452——

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.

See Orcas Power & Light Cooperative executive salaries →

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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

Provides safe, reliable, and affordable utility services to members.

Questions for Orcas Power & Light Cooperative

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Sale of electrical service to members which includes an energy conservation program.

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 · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$50K
Grants paid · 4 grants · $135K · 2020–2023
San Juan Islands Conservation DistrictFY2020$104,826

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$40.9M
Ln 12
Fees for servicesLn 2g$39.6M
Investment incomeLn 3$774K
Other incomeLn 4–11$378K
Money outPt IX
$40.8M
Ln 25
Owns and owesPt X
$56.9M
net assets · Ln 32
Cash and savingsLn 1–2$6.5M
Total assetsLn 16$148.5M
LiabilitiesLn 26$91.6M
PeoplePt VI, VII
16
listed · VII A
PaidVII A16
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Government grantsLn 1e$60K
Fees for servicesLn 2g$39.6M
Investment incomeLn 3$774K
Other incomeLn 4–11$378K
Gains on assetsLn 7−$9K
Total revenueLn 12$40.9M
Assets in detailPt X, end of year
CashLn 1$1.0M
SavingsLn 2$5.5M
Cash and savings togetherLn 1–2$6.5M
InvestmentsLn 11–13−$7.5M
Land, buildings, equipmentLn 10c$121.5M
Other assetsLn 15$14.9M
Total assetsLn 16$148.5M
LiabilitiesLn 26$91.6M
Net assetsLn 32$56.9M
OperationsPt I, VI
EmployeesI 551
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$10.1M$6.5M
InvestmentsLn 11–13−$7.7M−$7.5M
Land, buildings, equipmentLn 10c$107.7M$121.5M
Total assetsLn 16$131.2M$148.5M
LiabilitiesLn 26$79.9M$91.6M
Net assetsLn 32$51.3M$56.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200
Benefits paid to or for membersLn 4$6.7M
Pay of current officers, directors and key staffLn 5$1.3M
Pension plan contributionsLn 8$2.1M
Lobbying feesLn 11d$120K
InterestLn 20$2.0M
Depreciation, depletion and amortizationLn 22$5.7M
Other expenses (24a–d)Ln 24$18.9M
All other expensesLn 24e$3.9M
Total functional expensesLn 25$40.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $40.9M$40.8M$75K$56.9M 990 PDF
FY2023 $39.4M$37.6M$1.8M$51.3M 990 PDF
FY2022 $36.3M$36.4M−$83K$45.0M 990 PDF
FY2021 $35.4M$35.8M−$431K$42.1M 990 PDF
FY2020 $31.1M$32.5M−$1.4M$38.3M 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 $40,850,946 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $71,291$59,706
I-9 Program service revenuePrior year $36,507,728$39,639,094
I-10 Investment incomePrior year $686,893$774,283
I-11 Other revenuePrior year $2,150,417$377,863
I-12 Total revenuePrior year $39,416,329$40,850,946
I-13 Grants and similar amounts paidPrior year $10,000$200
I-14 Benefits paid to membersPrior year $5,625,570$6,724,492
I-15 Salaries and benefitsPrior year $3,163,258$3,403,592
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $28,772,550$30,647,694
I-18 Total expensesPrior year $37,571,378$40,775,978
I-19 Revenue less expensesPrior year $1,844,951$74,968
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $40,850,946 across 8 lines filed
VIII-1e Government grants$59,706
VIII-1h Total contributions, gifts and grants$59,706
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,556,962 · Excluded from tax $82,132$39,639,094
VIII-3 Investment incomeExcluded from tax $783,717$783,717
VIII-6 Net rental income or lossExcluded from tax $108,953$108,953
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$9,434−$9,434
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $268,910$268,910
VIII-12 Total revenueRelated to mission $39,825,872 · Unrelated business $0 · Excluded from tax $965,368$40,850,946
Part IX · Statement of functional expenses $40,775,978 across 9 lines filed
IX-1 Grants to domestic organizations$200
IX-4 Benefits paid to or for members$6,724,492
IX-5 Pay of current officers, directors and key staff$1,326,137
IX-8 Pension plan contributions$2,077,455
IX-11d Lobbying fees$120,000
IX-20 Interest$1,965,138
IX-22 Depreciation, depletion and amortization$5,688,475
IX-24 Other expenses (24a–d)$18,944,010
IX-24e All other expenses$3,930,071
IX-25 Total functional expenses$40,775,978
Part X · Balance sheet $148,515,746 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,449,876$1,030,088
X-2 Savings and temporary cash investmentsStart of year $6,652,832$5,452,726
X-4 Accounts receivableStart of year $6,247,535$7,251,802
X-8 Inventories for sale or useStart of year $4,544,853$5,165,169
X-9 Prepaid expenses and deferred chargesStart of year $750,805$670,845
X-10c Land, buildings and equipment, netStart of year $107,674,051$121,516,327
X-12 Other securitiesStart of year $1,651,628$1,747,139
X-13 Program-related investmentsStart of year −$9,331,007−$9,245,876
X-14 Intangible assetsStart of year $33,949$28,290
X-15 Other assetsStart of year $9,489,306$14,899,236
X-16 Total assetsStart of year $131,163,828$148,515,746
X-17 Accounts payable and accrued expensesStart of year $4,260,468$4,366,032
X-25 Other liabilitiesStart of year $487,784$591,832
X-26 Total liabilitiesStart of year $79,853,661$91,573,082
X-32 Total net assets or fund balancesStart of year $51,310,167$56,942,664
X-33 Total liabilities and net assetsStart of year $131,163,828$148,515,746
Part XI · Reconciliation of net assets $56,942,664 net assets at year end
XI-1 Total revenue$40,850,946
XI-2 Total expenses$40,775,978
XI-3 Revenue less expenses$74,968
XI-4 Net assets at start of year$51,310,167
XI-9 Other changes in net assets$5,557,529
XI-10 Net assets at end of year$56,942,664

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

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