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Valley Electric Association Inc

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Summary charts: organization finances over time

Revenue
$99.9M (2022)

Expenses
$95.7M (2022)

Total Assets
$326M (2022)

Total Liabilities
$254M (2022)

Years with missing data
Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$99,856,868
Expenses
$95,729,830
Net Income
$4,127,038
Net Assets
$72,364,043
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $99,092,131
99.2%
Investment Income $86,757
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $97,410
0.1%
Net Fundraising $0
Sales of Assets $40,146
0.0%
Net Inventory Sales -$4,474
Other Revenue $544,898
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,411,027
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $7,378,235
7.7%
Assets/Debt
Total Assets $326,082,663
Total Liabilities $253,718,620
Net Assets $72,364,043
Club or Co-Op Income
Income From Members $92,121,450
Income From Other Sources $7,215,236
Compensation
Key Employees and Officers Compensation Related Other
Mark Stallons (Ceo) $379,194 $0 $137,346
Steve Morrison (Cfo) $280,961 $0 $146,855
Logan Gernet (Vp Engineering & Power Supply) $235,583 $0 $70,289
Justin Boyer (Area Foreman) $222,700 $0 $76,764
Timothy Dunlap (Line Crew Superintendent) $191,704 $0 $24,627
Bart Thurgood (Former Evp Human Resources) $187,417 $0 $0
Ryan Farnsworth (Area Foreman) $184,999 $0 $61,471
Aaron Fritz (Journeyman Lineman) $183,289 $0 $63,918
Benjamin Veloz (Journeyman Lineman) $181,527 $0 $70,122
Joe Fieldsted (Mgr Of Safety) $178,570 $0 $94,972
Nathan Johnson (Former Evp Broadband) $169,010 $0 $0
Michael Geoffroy (Mgr Of System Operations) $166,365 $0 $155,063
Emily Schneider (Mgr Of Regulatory Compliance) $154,492 $0 $55,612
Jack Venezio (Mgr Of Network Infrastructure) $152,362 $0 $88,563
James Caple (Former Dir Support Serv/Emp Develop) $129,197 $0 $0
Mindy Morrow (Former Dir Admin & Accounting) $122,186 $0 $0
Michelle Caird (Vice President) $20,200 $0 $0
Kathleen Keyes (President) $18,900 $0 $0
Frank Jarvis (Secretary) $18,300 $0 $0
Paul Healey (Treasurer) $15,950 $0 $0
Terrie D'antonio (Director) $15,150 $0 $0
Mike Cottingim (Director (July Dec)) $9,300 $0 $0
Bruce Holden (Director (July Dec)) $8,700 $0 $0
Bonnie Groenert (Director (Jan June)) $8,300 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$92,074,698
Expenses
$105,291,692
Net Income
-$13,216,994
Net Assets
$68,535,553
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $91,739,173
99.6%
Investment Income $21,874
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $96,614
0.1%
Net Fundraising $0
Sales of Assets -$847
Net Inventory Sales -$19,229
Other Revenue $237,113
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,620,005
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $7,412,038
7.0%
Assets/Debt
Total Assets $316,968,401
Total Liabilities $248,432,848
Net Assets $68,535,553
Club or Co-Op Income
Income From Members $84,934,614
Income From Other Sources $5,934,718
Compensation
Key Employees and Officers Compensation Related Other
Bart Thurgood (Evp Human Resources) $385,611 $0 $9,661
Mark Stallons (Ceo) $350,708 $0 $136,528
Nathan Johnson (Evp Broadband) $339,832 $0 $19,601
Steve Morrison (Cfo) $283,717 $0 $144,240
Mindy Morrow (Director Of Admin & Accounting) $250,069 $0 $18,679
Christopher Tomchuk (Director Of Trans Energy Services) $236,865 $0 $122,591
James Caple (Director Of Support Servic) $214,399 $0 $13,043
Logan Gernet (Vp Of Engineering) $209,776 $0 $60,682
James Andresen (Director Of Engineering & Operations) $206,179 $0 $18,679
Kathleen Mattocks (Org Develop/Special Projects Coord.) $185,828 $0 $1,841
Erik Stuhaan (Area Foreman) $178,951 $0 $72,621
Joe Fieldsted (Mgr Of Safety/Health/Envir/Effic) $178,480 $0 $95,688
Carole Cusimano (Procurement/Inv Control Superint.) $176,397 $0 $18,679
Daniel Rogers (Area Foreman) $174,718 $0 $24,724
Benjamin Veloz (Journeyman Lineman) $170,614 $0 $116,685
Clifford Brooks (Manager Of Solpower) $161,906 $0 $47,321
Bonnie Groenert (Director) $21,100 $0 $0
Terrie D'antonio (Director) $20,700 $0 $0
Kathy Keyes (President) $20,200 $0 $0
Michelle Caird (Secretary) $20,100 $0 $0
Paul Healey (Treasurer) $19,600 $0 $0
Frank Jarvis (Director (Sep Dec)) $7,450 $0 $0
Rob Shirley (Director (Jan May)) $6,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,791,167
Expenses
$90,305,837
Net Income
-$2,514,670
Net Assets
$81,637,759
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $87,508,132
99.7%
Investment Income $51,498
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $99,517
0.1%
Net Fundraising $0
Sales of Assets -$1,249
Net Inventory Sales -$70,766
Other Revenue $204,035
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,321,215
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $14,501,848
16.1%
Assets/Debt
Total Assets $336,046,613
Total Liabilities $254,408,854
Net Assets $81,637,759
Club or Co-Op Income
Income From Members $79,838,465
Income From Other Sources $3,798,301
Compensation
Key Employees and Officers Compensation Related Other
Bart Thurgood (Evp Human Resources) $318,994 $0 $179,054
Mark Stallons (Ceo) $304,070 $0 $23,987
Steve Morrison (Cfo) $277,092 $0 $116,593
Nathan Johnson (Evp Broadband) $265,281 $0 $251,273
James Andresen (Director Of Engineering & Operations) $221,999 $0 $162,846
Kathleen Mattocks (Org Development/Special Project Coordinator) $208,903 $0 $56,259
Christopher Tomchuk (Director Of Trans Energy Services) $192,656 $0 $115,827
Mindy Morrow (Director Of Admin & Accounting) $186,689 $0 $49,612
Bradley Maestas (Area Foreman) $182,884 $0 $71,406
Joe Fieldsted (Mgr Of Safety/Health/Envir/Effic) $175,339 $0 $91,022
Daniel Rogers (Area Foreman) $170,806 $0 $93,854
James Caple (Director Of Support Services) $170,215 $0 $99,416
Tyler Barrett (Area Foreman) $164,281 $0 $50,726
Benjamin Veloz (Journeyman Lineman) $158,970 $0 $110,889
Terrie D'antonio (Director) $21,100 $0 $0
Bonnie Groenert (Secretary) $20,600 $0 $0
Michelle Caird (President) $19,900 $0 $0
Kathy Keyes (Director) $19,400 $0 $0
Rob Shirley (Vice President) $18,850 $0 $0
Paul Healey Jun Dec (Treasurer) $11,750 $0 $0
Robin Barber Jan May (Director) $7,650 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$84,469,530
Expenses
$89,328,449
Net Income
-$4,858,919
Net Assets
$78,117,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $84,813,768
> 100%
Investment Income $175,870
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $344,479
0.4%
Net Fundraising $0
Sales of Assets -$931,514
Net Inventory Sales -$82,823
Other Revenue $149,750
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $3,704,670
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $6,906,926
7.7%
Assets/Debt
Total Assets $340,298,816
Total Liabilities $262,181,759
Net Assets $78,117,057
Club or Co-Op Income
Income From Members $76,285,857
Income From Other Sources $5,104,779
Compensation
Key Employees and Officers Compensation Related Other
Richard Peck (Ceo) $313,521 $0 $2,500
Angela Evans (Ceo (Jan July)) $309,330 $0 $54,979
Bart Thurgood (Evp Human Resources) $292,317 $0 $138,107
Tom Husted (Ceo (Jan)) $287,508 $0 $14,138
Steve Morrison (Cfo) $244,405 $0 $84,819
Nathan Johnson (Evp Broadband) $241,946 $0 $193,583
Michael Hengel (Evp Communcation & Reg Affairs) $205,814 $0 $98,186
James Andresen (Manager Of Operations) $192,901 $0 $109,503
Christopher Tomchuk (Director Of Trans Energy Services) $179,326 $0 $102,815
Bradley Maestas (Area Foreman) $168,097 $0 $59,960
Mindy Morrow (Controller) $167,520 $0 $129,141
Kathleen Mattocks (Manager Of Development & Projects) $166,309 $0 $51,765
Joe Fieldsted (Mgr Of Safety/Health/Environment) $158,047 $0 $82,994
Erik Stuhaan (Area Foreman) $157,593 $0 $53,344
Benjamin Veloz (Journeyman Lineman) $155,691 $0 $97,966
James Caple (Manager Of Support Service) $153,056 $0 $84,225
Kathy Keyes (President) $31,100 $0 $0
David Dawson (Secretary (Jan Nov)) $24,400 $0 $0
Terrie D'antonio (Secretary) $20,800 $0 $0
Michelle Caird (Vice President) $19,900 $0 $0
David Hall (Director (Jan Sep)) $14,400 $0 $0
Rick Johnson (Vice President (Jan Aug)) $13,900 $0 $0
Pete Gazsy (Assistant Secretary (Jan May)) $8,800 $0 $0
John Maurer (President (Jan Mar)) $7,200 $0 $0
Ken Derschan (Treasurer (Jan May)) $7,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$111,954,876
Expenses
$126,137,918
Net Income
-$14,183,042
Net Assets
$82,803,695
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $81,392,515
72.7%
Investment Income $499,765
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $445,501
0.4%
Net Fundraising $0
Sales of Assets -$412,352
Net Inventory Sales -$120,878
Other Revenue $30,150,325
26.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $5,429,680
4.3%
Professional Fundraising Fees $0
Other Salaries and Wages $6,788,679
5.4%
Assets/Debt
Total Assets $355,506,263
Total Liabilities $272,702,568
Net Assets $82,803,695
Club or Co-Op Income
Income From Members $71,081,534
Income From Other Sources $4,680,786
Compensation
Key Employees and Officers Compensation Related Other
Tom Husted (Ceo (Jan May)) $642,745 $0 $212,129
Kenneth Johnson (Evp Business Dev & Customer Service) $375,954 $0 $98,095
Angela Evans (Ceo) $296,011 $0 $81,479
Bart Thurgood (Evp Human Resources) $279,780 $0 $121,224
Kathryn Mckenna (Coo (Jan April)) $262,442 $0 $41,946
Nathan Johnson (Evp Broadband) $248,015 $0 $190,966
Ramon Abueg (Coo) $238,075 $0 $88,515
Steve Morrison (Cfo) $220,397 $0 $79,155
Kristin Mettke (Evp Engineering) $213,942 $0 $56,900
Michael Hengel (Evp Communications & Reg Affairs) $200,604 $0 $102,153
Daniel Rogers (Area Foreman) $182,732 $0 $91,494
James Andresen (Manager Of Operations) $177,163 $0 $125,451
Christopher Tomchuk (Director Of Transmission Energy Svc) $176,925 $0 $105,284
Bradley Maestas (Working Foreman) $167,827 $0 $60,773
Mindy Morrow (Controller) $161,559 $0 $127,093
Anthony Cipollini (Foreman Of Special Projects) $159,716 $0 $111,302
Tyler Barrett (Area Foreman) $157,282 $0 $44,250
Joe Fieldsted (Manager Of Safety/Health/Environment) $157,240 $0 $90,902
James Caple (Manager Of Support Services) $154,003 $0 $89,985
Daniel Tillman (Cfo (Jan Mar)) $122,467 $0 $9,133
Ken Derschan (Treasurer) $30,200 $0 $0
David Dawson (Secretary) $30,200 $0 $0
Pete Gazsy (Assistant Secretary) $30,200 $0 $0
John Maurer (President) $27,700 $0 $0
Rick Johnson (Vice President) $27,700 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2015

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,099,579
Expenses
$70,099,579
Net Income
$0
Net Assets
$42,256,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,949,412
99.8%
Investment Income $23,854
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $204,413
0.3%
Net Fundraising $0
Sales of Assets $625
0.0%
Net Inventory Sales -$145,516
Other Revenue $66,791
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,302,701
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,129,825
3.0%
Assets/Debt
Total Assets $334,468,173
Total Liabilities $292,211,924
Net Assets $42,256,249
Club or Co-Op Income
Income From Members $61,467,983
Income From Other Sources $661,151
Compensation
Key Employees and Officers Compensation Related Other
Tom Husted (Ceo) $348,536 $0 $110,804
Rick Eckert (Coo) $230,254 $0 $158,265
Christopher Tomchuk (Evp Eng & Ops) $216,639 $0 $80,709
Chris Brooks (Evp Energy Services) $211,694 $0 $8,763
Curt Ledford (Employee Corporate Counsel) $203,726 $0 $44,840
Daniel Tillman (Evp Finance) $186,911 $0 $73,527
Andrew Slager (Power System Controller) $166,952 $0 $35,130
John Perra (Manager Of Operations) $153,944 $0 $21,263
James Sibre (Power System Controller) $150,130 $0 $50,180
Brent Flaming (Area Foreman) $149,955 $0 $69,512
David Cooper (Power System Controller) $144,655 $0 $38,480
Kristin Mettke (Manager Of Engineering) $140,360 $0 $29,953
Tyler Barrett (Are Foreman) $138,593 $0 $38,722
John Maurer (President) $16,600 $0 $0
Pete Gazsy (Secretary) $16,600 $0 $0
David Dawson (Treasurer) $16,600 $0 $0
Dave Lowe (Assistant Secretary) $16,600 $0 $0
Shiela Rau (Director) $16,600 $0 $0
Rick Johnson (Vice President) $16,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$71,402,107
Expenses
$71,402,107
Net Income
$0
Net Assets
$37,789,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $71,204,883
99.7%
Investment Income $23,636
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $201,096
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$194,281
Other Revenue $166,773
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,890,985
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,800,147
3.9%
Assets/Debt
Total Assets $328,366,631
Total Liabilities $290,576,789
Net Assets $37,789,842
Club or Co-Op Income
Income From Members $58,247,321
Income From Other Sources $547,204
Compensation
Key Employees and Officers Compensation Related Other
Christopher Tomchuk (Evp Eng & Ops) $321,581 $0 $48,136
Tom Husted (Ceo) $316,461 $0 $145,438
Susan Fisher (Evp Comm & Govt) $238,394 $0 $30,953
Rick Eckert (Coo) $227,388 $0 $181,792
James Reilly (Lead Power System Controller) $194,366 $0 $29,094
Curt Ledford (Employee Corporate Couns) $191,902 $0 $50,806
James Sibre (Power System Controller) $182,914 $0 $27,867
Daniel Tillman (Evp Finance) $180,455 $0 $119,387
David Cooper (Power System Controller) $175,069 $0 $16,851
Debra Ochoa (Power System Controller) $174,267 $0 $27,536
John Maurer (President) $13,500 $0 $0
Rick Johnson (Vice President) $13,500 $0 $0
Pete Gazsy (Secretary) $13,500 $0 $0
David Dawson (Treasurer) $13,500 $0 $0
Dave Lowe (Assistant Secretary) $13,500 $0 $0
Shiela Rau (Director) $13,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,607,788
Expenses
$59,797,769
Net Income
-$7,189,981
Net Assets
$36,705,345
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,499,583
99.8%
Investment Income $24,925
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $146,397
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$167,118
Other Revenue $104,001
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $819,764
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,701,132
6.2%
Assets/Debt
Total Assets $232,814,500
Total Liabilities $196,109,155
Net Assets $36,705,345
Club or Co-Op Income
Income From Members $52,793,941
Income From Other Sources $1,439,258

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,320,849
Expenses
$54,468,714
Net Income
-$147,865
Net Assets
$44,358,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $54,228,483
99.8%
Investment Income $26,178
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $145,370
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$211,156
Other Revenue $131,974
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $802,043
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,179,680
5.8%
Assets/Debt
Total Assets $192,051,257
Total Liabilities $147,693,124
Net Assets $44,358,133
Club or Co-Op Income
Income From Members $56,222,658
Income From Other Sources $1,527,590

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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