Salmon River Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820205289 ✦ Challis, ID ✦ Designated as a 501(c)(12)

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Overview

What is Salmon River Electric Cooperative Inc?

Salmon River Electric Cooperative Inc is a nonprofit organization located in Challis, Idaho. Primarily, they procure and distribute electric energy to their members residing in parts of Custer, Blaine, and Lemhi counties in Idaho. With a dedicated workforce of 15 individuals, the cooperative is committed to providing reliable electric distribution and transmission services to its community members. The organization's mission is to serve its members effectively, ensuring they have a consistent supply of electricity for their daily needs.


Official website here: www.srec.org

Is Salmon River Electric Cooperative Inc legitimate?

Salmon River Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Salmon River Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $492,851
Professional Fundraising Fees: $0
Other Salaries and Wages: $971,353

For more financial information, click here


Official website here: www.srec.org

What is the mission statement of Salmon River Electric Cooperative Inc?

The mission of Salmon River Electric Cooperative Inc, as stated, is focused on providing electric distribution and transmission services to its members in specific areas of Idaho, namely Custer, Blaine, and Lemhi counties. In essence, the cooperative works towards ensuring a reliable supply of electric energy to its members, serving as their primary electricity provider.


Official website here: www.srec.org

Who is the CEO of Salmon River Electric Cooperative Inc?

Ken Dizes is the General Manager of Salmon River Electric Cooperative Inc.


Official website here: www.srec.org

What is the revenue of Salmon River Electric Cooperative Inc?

Salmon River Electric Cooperative Inc's revenue in 2022 was $7,462,144.


Official website here: www.srec.org

Who are the executives of Salmon River Electric Cooperative Inc and what are their salaries?

The average compensation at Salmon River Electric Cooperative Inc during 2022 was $97,614. There are 15 employees at Salmon River Electric Cooperative Inc.


Here are 14 key members and their salaries:


Ken Dizes (General Manager)
  • Compensation: $205,201
  • Related: $0
  • Other: $90,951
Dennis Swindell (Operations Manager)
  • Compensation: $123,441
  • Related: $0
  • Other: $57,308
Kip Erickson (Line Foreman)
  • Compensation: $111,301
  • Related: $0
  • Other: $55,494
Joseph Runnels (Journeyman Lineman)
  • Compensation: $108,055
  • Related: $0
  • Other: $48,387
Jamie Kestler (Journeyman Lineman)
  • Compensation: $109,053
  • Related: $0
  • Other: $38,928
Steve Sidlo (Director Of Finance)
  • Compensation: $98,683
  • Related: $0
  • Other: $39,778
Heath Stewart (Journeyman Lineman)
  • Compensation: $104,520
  • Related: $0
  • Other: $32,081
Jeff Bitton (Vice-President)
  • Compensation: $9,937
  • Related: $0
  • Other: $0
Norman Wallis (President)
  • Compensation: $9,000
  • Related: $0
  • Other: $0
Doug Parkinson (Secretarytreasurer)
  • Compensation: $9,000
  • Related: $0
  • Other: $0
Robert Boren (Director)
  • Compensation: $8,450
  • Related: $0
  • Other: $0
Earl Skeen (Director)
  • Compensation: $7,450
  • Related: $0
  • Other: $0
Steve Rembelski (Director)
  • Compensation: $7,200
  • Related: $0
  • Other: $0
Michael Miller (Director)
  • Compensation: $7,200
  • Related: $0
  • Other: $0


Official website here: www.srec.org

Where can I find the form 990 for Salmon River Electric Cooperative Inc?

Salmon River Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.srec.org

Learn more at the official website: www.srec.org

Mission Statement of Salmon River Electric Cooperative Inc

Salmon River Electric Cooperative Inc, as a mission-driven organization, focuses on providing essential electric distribution and transmission services to its members residing in parts of Custer, Blaine, and Lemhi Counties in Idaho. The cooperative's primary objective is to ensure a consistent and reliable supply of electricity to its member base. By procuring and distributing electrical energy, Salmon River Electric Cooperative Inc plays a pivotal role in powering the daily lives and activities of its community members. This mission underscores the cooperative's commitment to serving its members and contributing to the overall well-being of the communities it serves.

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Impact




October, 2024

Salmon River Electric Cooperative Inc plays a crucial role in delivering essential electric distribution and transmission services to residents and businesses in parts of Custer, Blaine, and Lemhi counties in Idaho. By purchasing and providing reliable electric energy, the cooperative ensures that its members have access to the power necessary for daily living, community activities, and economic growth.

The cooperative's services support local infrastructure and promote stability in energy access, which is vital for various sectors, including agriculture, small businesses, and home-based activities. Additionally, by focusing on member needs, Salmon River Electric fosters a sense of community and encourages sustainable practices, contributing to the well-being of the area it serves. Overall, its impact extends beyond energy provision, enhancing quality of life and supporting the regional economy.




This information is meant to be a general summary of Salmon River Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$7,462,144 (2022)
Expenses
$7,193,194 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $268,950
  • Program Service Revenue: $7,169,194
  • Gross Receipts: $7,462,144

Assets and Liabilities:

  • Total Assets: $21,503,931
  • Total Liabilities: $8,727,372
  • Net Assets: $12,776,559

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ELECTRICITY SALES

Revenue

$7,134,581

OTHER ELECTRIC REVENUE

Revenue

$34,613

Organization Details

Founding Year

1948

Principal Officer

Ken Dizes

Main Address

PO BOX 384, CHALLIS, ID, 83226

NTEE Category

Code: W80 - Public benefit

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