LA PLATA ELECTRIC ASSOCIATION INC

EIN: 840248168

Durango, CO

Total Revenue
$118,213,999
Total Expenses
$107,466,442
Total Assets
$292,966,410
Net Assets
$158,136,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
CO
Phone
9703823575
Tax Period
2024-01-01 to 2024-12-31

LA PLATA ELECTRIC ASSOCIATION INC, founded in 1939, is a major nonprofit that reported $118.2M in total revenue in fiscal year 2024. Expenses of $107.5M left a modest 9% surplus.

Mission

To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $110,599,319
Investment Income $2,072,648
Other Revenue $5,542,032
TOTAL REVENUE $118,213,999

Expense Breakdown

Grants Paid $106,908
Salaries & Benefits $14,659,753
Fundraising Expenses $0
Program Expenses $107,466,442
Other Expenses $92,699,781
TOTAL EXPENSES $107,466,442

Year-over-Year Comparison

2024 2023 Change
Revenue $118,213,999 $114,201,372 +0.0%
Expenses $107,466,442 $110,409,487 0.0%
Net Income $10,747,557 $3,791,885 +1.8%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
134
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,288,534
Total Directors
12
$240,564
Key Employees
4
$1,253,426
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Graham Smith Interim Chief Executive Officer / General Council 60
Officer
$369,865 $84,989 $454,854
Jessica Matlock Chief Executive Officer 60
Officer
$403,184 $45,030 $448,214
Dan Harms Executive VP of Grid Solutions & Special Projects 50
Key Emp
$318,214 $68,992 $387,206
Elizabeth Howe VP of Administrative Services 50
Key Emp
$256,320 $65,403 $321,723
Patrick Berry Vice President of Finance 50
Officer
$229,494 $69,657 $299,151
Drew Timmerman Vice President of Information Technology 50
Key Emp
$209,435 $64,193 $273,628
Jerry Sutherlin Vice President of Operations 50
Key Emp
$222,346 $48,523 $270,869
Garrett Hammer District Manager - Pagosa Springs 50
Highest
$181,460 $53,492 $234,952
Aaron Renner Dispatch 40
Highest
$185,984 $37,182 $223,166
Rachel Killinen Dispatcher 40
Highest
$178,001 $45,135 $223,136
Michael Messier Working Foreman, Lineman 40
Highest
$168,862 $46,600 $215,462
Trevor Bryant Lineman 40
Highest
$173,393 $14,063 $187,456
Chris Hansen Chief Executive Officer 50
Officer
$75,353 $10,962 $86,315
Nicole Pitcher Board Secretary 9.01
Director
$24,194 $0 $24,194
Tim Wheeler Treasurer 7.73
Director
$23,875 $0 $23,875
Ted Compton Board President 8.21
Director
$23,000 $0 $23,000
Holly Metzler Director 12.16
Director
$21,725 $0 $21,725
David Luschen Director 7.01
Director
$20,917 $0 $20,917
Kirsten Skeehan Director 10.26
Director
$20,691 $0 $20,691
Rachel Landis Board Vice President 7
Director
$19,778 $0 $19,778
John Lee Director 5.17
Director
$18,929 $0 $18,929
John Witchel Director 6.1
Director
$18,771 $0 $18,771
Kohler McInnis Director 6.11
Director
$16,509 $0 $16,509
Joe Lewandowski Director 5.31
Director
$16,350 $0 $16,350
Daniel K Huntington Director 6.95
Director
$15,825 $0 $15,825
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $118,213,999 $107,466,442 $292,966,410 $10,747,557
2023 $114,201,372 $110,409,487 $285,698,499 $3,791,885
2022 $112,117,449 $108,527,921 $284,945,015 $3,589,528
2021 $109,650,926 $102,414,869 $287,521,885 $7,236,057
2020 $110,158,125 $102,315,958 $289,318,898 $7,842,167
2019 $112,584,531 $107,646,713 $292,781,922 $4,937,818
2018 $111,229,210 $106,577,852 $299,179,864 $4,651,358
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