MOUNTAIN VIEW ELECTRIC ASSOCIATION

EIN: 840275175

LIMON, CO

Total Revenue
$131,383,562
Total Expenses
$131,383,562
Total Assets
$455,344,894
Net Assets
$150,740,275
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
CO
Principal Officer
RUTH MARKS
Phone
7197752861
Tax Period
2023-01-01 to 2023-12-31

MOUNTAIN VIEW ELECTRIC ASSOCIATION, founded in 1941, is a major nonprofit that reported $131.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $129,419,736
Investment Income $1,325,002
Other Revenue $638,824
TOTAL REVENUE $131,383,562

Expense Breakdown

Grants Paid $6,193
Salaries & Benefits $15,536,883
Fundraising Expenses $0
Other Expenses $109,768,599
TOTAL EXPENSES $131,383,562

Year-over-Year Comparison

2023 2022 Change
Revenue $131,383,562 $128,313,383 +0.0%
Expenses $131,383,562 $128,313,383 +0.0%
Net Income $0 $0 N/A
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
184
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
7
$864,498
Total Directors
7
$133,350
Key Employees
3
$965,622
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICKY GORDON DIRECTOR 4.40
Director
$13,500 $0 $13,500
EDWARD HERTNEKY DIRECTOR 3.90
Director
$9,300 $0 $9,300
JOSEPH MARTIN PRESIDENT 4.40
Officer Director
$14,700 $0 $14,700
MILTON MATHIS DIRECTOR 5.30
Director
$12,600 $0 $12,600
KEVIN PADDOCK SECRETARY/TREASURER 9.90
Officer Director
$27,900 $0 $27,900
JAMES RIGGINS ASSISTANT SECRETARY 8.50
Officer Director
$24,300 $0 $24,300
BARRY SPRINGER VICE PRESIDENT 10.10
Officer Director
$31,050 $0 $31,050
RUTH MARKS CEO 44.20
Officer
$303,938 $208,509 $512,447
RANDY PENN VP FINANCE (JAN-APRIL) 49.90
Officer
$95,054 $39,818 $134,872
MICHAEL ANTHOS VP FINANCE (JUNE-DEC) 40.00
Officer
$105,758 $13,471 $119,229
DAVID WALDNER VP ENGINEERING 47.90
Key Emp
$220,564 $167,442 $388,006
TERRYL JENSEN VP OPERATIONS 47.70
Key Emp
$203,195 $124,913 $328,108
DENNIS SIMMONS VP TECHNICAL SERVICES 40.20
Key Emp
$205,304 $44,204 $249,508
LESLIE ULFERS SYSTEM ENGINEER I 45.60
Highest
$170,731 $123,167 $293,898
SARAH PINKERTON VP MEMBER ENGAGEMENT 53.10
Highest
$201,600 $98,256 $299,856
KRISTI HOBBS HR MANAGER 43.70
Highest
$169,428 $59,859 $229,287
NATHANIAL OURSLER INFORMATION SERVICES MANAGER 40.40
Highest
$208,843 $52,910 $261,753
CORY ANDERSON OPERATIONS SUPERINTENDENT 51.70
Highest
$182,189 $56,425 $238,614
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 No data No data No data No data
2023 $131,383,562 $131,383,562 $455,344,894 No data
2022 $128,313,383 $128,313,383 $413,173,775 No data
2021 $130,263,584 $130,263,584 $390,883,600 No data
2020 $125,815,184 $125,815,184 $357,538,813 No data
2019 $122,272,327 $122,272,329 $337,712,547 $-2
2018 $119,124,995 $119,124,993 $323,705,935 $2
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