2020-09-22T15:50:50-05:00 2019-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2019-01-01 840229176 HOLY CROSS ELECTRIC ASSOCIATION INC % ANDREW SCHILLER HOLY 9709455491 PO BOX 2150 GLENWOOD SPRINGS CO 816022150 BRYAN HANNEGAN PRESIDENT & CEO 5013721040 2020-09-01 true AMBER SHERRILL P00748683 5013721040 167.68.126.162 71015520202665000003 2020-09-22 P 3F910C2EA158F392107FD01EE4BF28EF5850A170 3F910C2EA158F392107FD01EE4BF28EF5850A170 2019 2021-04-22 16:20:28Z BRYAN HANNEGAN 3799 HIGHWAY 82 GLENWOOD SPRINGS CO 81601 137560841 false X WWW.HOLYCROSS.COM X 1939 CO HOLY CROSS ENERGY PROVIDES SAFE, RELIABLE, AFFORDABLE, AND SUSTAINABLE ENERGY AND SERVICES THAT IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND THEIR COMMUNITIES. 7 7 174 8 0 0 0 131607524 136939147 177475 348953 -63184 175132 131721815 137463232 0 0 6555618 7504772 1976388 30896674 0 0 0 122146780 97977080 130678786 136378526 1043029 1084706 321113134 324743711 201017872 199475135 120095262 125268576 HOLY CROSS ENERGY PROVIDES SAFE, RELIABLE, AFFORDABLE, AND SUSTAINABLE ENERGY AND SERVICES THAT IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND THEIR COMMUNITIES. false false HOLY CROSS ENERGY IS A COOPERATIVE CORPORATION WITH 165 EMPLOYEES SERVING 55,000+ ACTIVE METERS. HOLY CROSS ENERGY PROUDLY SERVES ITS MEMBERS; FROM MAJOR SKI RESORTS IN THE ASPEN AND VAIL AREAS AS WELL AS FARMS, RANCHES, AND FRIENDLY RURAL COMMUNITIES THAT PROVIDE PEOPLE AND RESOURCES FOR THE TOURISM AND OUTDOOR RECREATION INDUSTRIES. false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false true true false false true 65 0 true 174 true false false false false false 127441555 10264526 false false false X 7 7 false false false false true true true true false false false true true true true true true true true true true CO X ANDREW SCHILLER 9709455491 3799 HIGHWAY 82 GLENWOOD SPRINGS CO 81601 X BRYAN HANNEGAN PRESIDENT & CEO 45.0 0.0 X 458878 0 129073 RICK ARNHOLD VP EAGLE/VAIL DISTRICT 45.0 0.0 X 194297 0 144683 DAVID BLEAKLEY VP ENGINEERING 45.0 0.0 X 198942 0 120822 DAVID O'NEIL VP OPERATIONS 45.0 0.0 X 193186 0 113401 JOHN ROWLEY VP HUMAN RESOURCES & RISK MGMT 45.0 0.0 X 190739 0 106361 BARRY CROISSANT MANAGER, PURCHASING & FACILITI 45.0 0.0 X 159086 0 136934 JENNA WEATHERRED VP MEMBER & COMMTY RELATIONS 45.0 0.0 X 182047 0 102478 BOB FARMER VP INFORMATION TECHNOLOGY 45.0 0.0 X 182310 0 98647 STEPHEN BEUNING VP POWER SUPPLY & PROGRAMS 45.0 0.0 X 185794 0 72076 RUSSELL WINDER MANAGER, CONSTRUCTION ENGINEER 45.0 0.0 X 156625 0 94250 KENNETH ROBERTS MANAGER, SYSTEM OPERATIONS 45.0 0.0 X 156915 0 93661 ANDREW SCHILLER VP FINANCE 45.0 0.0 X 171462 0 41907 DAVE MUNK DIRECTOR 5.0 0.0 X 46000 0 0 MEGAN GILMAN DIRECTOR 5.0 0.0 X 37250 0 0 ROBERT GARDNER DIRECTOR 5.0 0.0 X 31750 0 0 KRISTEN BERTUGLIA DIRECTOR 5.0 0.0 X 28750 0 0 CLEM KOPF DIRECTOR 5.0 0.0 X 24500 0 0 ADAM PALMER DIRECTOR 5.0 0.0 X 21250 0 0 LARISSA READ DIRECTOR 5.0 0.0 X 16750 0 0 MICHAEL GLASS DIRECTOR 5.0 0.0 X 8750 0 0 2645281 0 1254293 82 false true false ADVANCED UNDERGROUND CONSTRUCTION PO BOX 67 GLENWOOD SPRINGS CO 81602 EXCAVATION 2083198 MCCARTER ENGLISH LLP 100 MULBERRY STREET NEWARK NJ 07102 LEGAL 553910 WARD ELECTRIC COMPANY INC 9586 E I-25 FRONTAGE ROAD LONGMONT CO 80504 CONSTRUCTION 454179 FLORES CONSTRUCTION 5394 CR 154 BLDG UNIT 1 GLENWOOD SPRINGS CO 81601 CONSTRUCTION 369246 STAKE CENTER LOCATING PO BOX 603663 CHARLOTTE NC 28260 UNDERGROUND LOCATING 254544 20 0 ELECTRICITY SALES 221000 135872004 135872004 CAPITAL CREDITS AND PATRONAGE DIVIDENDS 221000 900720 900720 RENT FROM ELECTRIC PROPERTY 221000 166423 166423 136939147 348953 348953 0 0 23418 97609 -74191 0 -74191 -74191 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 249323 249323 249323 249323 249323 137463232 136939147 524085 0 0 0 7504772 2520478 0 17761047 4285527 5057128 1272494 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7609509 0 12660872 0 COST OF POWER 51249655 DISTRIBUTION EXPENSE 16386999 CUSTOMER ACCOUNTS 7846015 . 0 2224030 136378526 6910848 4786735 500000 2101619 0 0 11991689 11859964 0 0 0 0 0 6073 3741292 4050117 1887846 6146802 443104559 159783246 279506782 283321313 0 0 0 0 9613304 8910824 0 0 6961373 3560264 321113134 324743711 22771128 20044161 0 0 12588858 17608944 0 0 0 0 0 0 165657886 161364832 0 0 0 457198 201017872 199475135 X 0 59518263 51303698 48927499 68791564 16822814 120095262 125268576 321113134 324743711 X 1084706 4088608 X false false false 3810972 3810972 62268534 11320897 50947637 359243599 148097455 211146144 17781453 364893 17416560 283321313 0 CONSUMER DEPOSITS 457198 457198 X true true X X false false false BRYAN HANNEGAN PRESIDENT & CEO 398878 0 60000 0 0 0 86547 0 42526 0 587951 0 0 0 ANDREW SCHILLER VP FINANCE 156611 0 14851 0 0 0 0 0 41907 0 213369 0 0 0 BARRY CROISSANT MANAGER, PURCHASING & FACILITI 148710 0 10376 0 0 0 95238 0 41696 0 296020 0 0 0 RUSSELL WINDER MANAGER, CONSTRUCTION ENGINEER 145418 0 11207 0 0 0 52460 0 41790 0 250875 0 0 0 KENNETH ROBERTS MANAGER, SYSTEM OPERATIONS 145825 0 11090 0 0 0 65618 0 28043 0 250576 0 0 0 JOHN ROWLEY VP HUMAN RESOURCES & RISK MGMT 173137 0 17602 0 0 0 64341 0 42020 0 297100 0 0 0 JENNA WEATHERRED VP MEMBER & COMMTY RELATIONS 164942 0 17105 0 0 0 60503 0 41975 0 284525 0 0 0 RICK ARNHOLD VP EAGLE/VAIL DISTRICT 176247 0 18050 0 0 0 102624 0 42059 0 338980 0 0 0 STEPHEN BEUNING VP POWER SUPPLY & PROGRAMS 168705 0 17089 0 0 0 30104 0 41972 0 257870 0 0 0 DAVID BLEAKLEY VP ENGINEERING 174570 0 17602 0 6770 0 78802 0 42020 0 319764 0 0 0 BOB FARMER VP INFORMATION TECHNOLOGY 165200 0 17110 0 0 0 56672 0 41975 0 280957 0 0 0 DAVID O'NEIL VP OPERATIONS 175584 0 17602 0 0 0 71381 0 42020 0 306587 0 0 0 SCHEDULE J, PART I, LINE 1A BOARD MEMBERS USE DISCRETIONARY ACCOUNT TO ATTEND INDUSTRY SPECIFIC TRAINING OR CONFERENCES THAT ARE NOT DIRECTLY RELATED TO THEIR BOARD OF DIRECTOR DUTIES. FORM 990, PART VI, SECTION A, LINE 6 HOLY CROSS ELECTRIC ASSOCIATION IS A MEMBER OWNED COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF HOLY CROSS ELECTRIC NOMINATE AND ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MERGERS AND/OR CONSOLIDATIONS REQUIRE APPROVAL BY A 2/3 MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS THE AUTHORITY TO ACT FOR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE VICE PRESIDENT OF FINANCE, THE CEO, AND THE ACCOUNTING SUPERVISOR PRIOR TO SUBMITTAL. THE BOARD OF DIRECTORS IS ALSO SUPPLIED WITH DRAFT COPIES FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR MUST SELF CERTIFY ANNUALLY THAT THEY DO NOT HAVE ANY CONFLICTS OF INTEREST AND ARE QUALIFIED TO CONTINUE BEING A DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15A & 15B THE CEO'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS UTILIZING SALARY DATA FOR GENERAL MANAGER'S STATEWIDE AND NATIONALLY. SURVEY DATA IS GATHERED THROUGH MOUNTAIN STATES EMPLOYERS COUNCIL, CREA, AND OTHER COOPERATIVE SURVEYS UTILIZED TO SET COMPENSATION LEVELS. THE LAST SURVEY WAS COMPLETED IN 2019. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE ON THE HOLY CROSS ENERGY WEBSITE. ALL NEW MEMBERS ARE SENT A WELCOME LETTER EXPLAINING WHERE THE DOCUMENTS CAN BE FOUND. FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE FORM 990 INDICATE THAT ORGANIZATIONS EXEMPT UNDER SECTION 512(C)(12) SHOULD REPORT "PATRONAGE DIVIDENDS PAID" TO THEIR MEMBERS IN PART IX, LINE 4 OF THE FORM 990. THE COOPERATIVE HAS INTERPRETED THE WORDS "PATRONAGE DIVIDENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THEREFORE, THE AMOUNT LISTED IN PART IX, LINE 4, REPRESENTS THE NET OPERATING MARGINS ASSIGNABLE TO THE MEMBERS FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2019. FORM 990, PART XI, LINE 9 2019 PATRONAGE ALLOCATED TO MEMBERS: $7,504,772 CHANGE IN PATRONAGE CAPITAL: $739,776 OTHER MARGINS & EQUITIES: $2,399,678 OPERATING MARGIN - PRIOR YEAR: $(6,555,618) ------------- TOTAL OTHER CHANGES $4,088,608 FORM 990, PART XII, LINE 2 HOLY CROSS ELECTRIC ASSOCIATION'S FINANCIAL STATEMENT YEAR END DIFFERS FROM ITS TAX YEAR END. THE COOPERATIVE RECEIVES AUDITED FINANCIAL STATEMENTS ON AN ANNUAL BASIS FOR THE YEAR ENDED APRIL 30TH. ENERGY AND SERVICES EXPERTS PO BOX 2150 GLENWOOD SPRINGS CO 81602 841382092 COMMUNICATIONS CO HCEA C CORP -275 8373 1.00000 true false false false false false false false false false false false false false false false false false false false