2019-10-07T09:56:42-05:00 2018-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2018-01-01 840229176 Holy Cross Electric Association Inc HOLY 9709455491 PO Box 2150 Glenwood Springs CO 816022150 Bryan Hannegan President & CEO 9709455491 2019-09-30 1 Patrick Cooper P00856177 3348347660 2019-09-30 142.154.130.164 2019-09-30 13:15:32 CD P 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2020-03-31 21:24:44Z Bryan Hannegan PO Box 2150 Glenwood Springs CO 816022150 131835071 0 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 7 175 0 0 0 0 0 122671405 131607524 224682 177475 -34311 -63184 122861776 131721815 0 0 8177088 6555618 12140275 1976388 0 0 0 103785016 122146780 124102379 130678786 -1240603 1043029 323978940 321113134 208279982 201017872 115698958 120095262 Holy Cross Energy provides safe, reliable, affordable, and sustainable energy and services that improve the quality of life for our members and their communities. 0 0 Holy Cross Energy is a cooperative corporation with 158 employees serving 43,500 active members. 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. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 68 0 1 175 1 0 0 0 0 0 0 0 128614443 6324120 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 1 1 X Andrew Schiller 9709455491 3799 Highway 82 Glenwood Springs CO 81602 Kristen Bertuglia Director 5.00 X 19219 0 0 Megan Gilman Director 5.00 X 28410 0 0 Robert Gardner Director 5.00 X 27410 0 0 Michael Glass Director 5.00 X 16960 0 0 Clem Kopf Director 5.00 X 20910 0 0 Dave Munk Director 5.00 X 34560 0 0 Adam Palmer Director 5.00 X 19310 0 0 Bryan Hannegan President & CEO 45.00 X 454770 0 97594 Barry Croissant Manager, Purchasing & Facilities 45.00 X 156423 0 135179 Bob Farmer VP Information Technology 45.00 X 165759 0 78584 Wendell Goad Manager, Operations 45.00 X 172788 0 46869 Kenneth Roberts Manager, System Operations 45.00 X 156848 0 94777 Jenna Weatherred VP Member & Community Relations 45.00 X 161885 0 88131 Rick Arnhold VP Eagle/ Vail District 45.00 X 193675 0 148799 David Bleakley VP Engineering 45.00 X 192683 0 115903 Diana Golis VP Power Supply & Contracts 45.00 X 191156 0 70709 David C O'Neil VP Operations 45.00 X 186408 0 111372 John Rowley VP Human Resources & Risk Management 45.00 X 188008 0 102647 2387182 0 1090564 11 0 1 0 Advanced Underground Construction LLC PO Box 67 Glenwood Springs CO 81602 Underground Boring Services 1692205 McCarter & English LLP Four Gateway Center 100 Mulberry S Newark NJ 07102 Legal Services 521299 S & N Communications PO Box 603663 Charlotte NC 28260 Underground Locating Services 276086 The Brattle Group Inc One Beacon Street Suite 2600 Boston MA 02108 Cost of Service Study Services 249750 Ward Electric Company Inc 3690 Stagecoach Road Longmont CO 80504 Contract Construction 196192 5 Electric Distribution 221000 128614443 128614443 Other Electric Revenue 221000 1906825 1906825 Capital Credits 221000 928296 928296 Rent from Electric Pro 221000 157960 157960 131607524 177475 177475 45859 113256 -67397 -67397 -67397 Miscellaneous Revenue 221000 4213 4213 4213 131721815 131611737 0 110078 X 6555618 1976388 7936587 16511295 Cost of Power 50650156 Admin & General Expense 11145782 Dist Exp - Operations 10992963 Power Production Expens 10368867 14541130 130678786 8521593 6910848 100617 500000 10862558 11991689 3707225 3741292 1802023 1887846 428815486 149308704 282592766 279506782 9228814 9613304 7163344 6961373 323978940 321113134 24418596 22771128 13834903 12588858 170026483 165657886 208279982 201017872 X 0 0 50464693 51303698 65234265 68791564 115698958 120095262 323978940 321113134 X 1043029 3353275 X X 0 0 0 3810972 3810972 60315042 9903324 50411718 364689472 139405380 225284092 279506782 X Part X, Line 2: An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Association. While the entity believes they have adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the entity. The entity recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, are no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2015. Part XI, Line 4b - Other Adjustments: Reclassification of revenue/expense items from F/S X X 0 0 0 Bryan Hannegan President & CEO 454770 0 0 0 0 0 58952 0 38642 0 552364 0 0 0 Barry Croissant Manager, Purchasing & Facilities 156423 0 0 0 0 0 97427 0 37752 0 291602 0 0 0 Bob Farmer VP Information Technology 165759 0 0 0 0 0 40643 0 37941 0 244343 0 0 0 Wendell Goad Manager, Operations 172788 0 0 0 0 0 34020 0 12849 0 219657 0 0 0 Kenneth Roberts Manager, System Operations 156848 0 0 0 0 0 69332 0 25445 0 251625 0 0 0 Jenna Weatherred VP Member & Community Relations 161885 0 0 0 0 0 50224 0 37907 0 250016 0 0 0 Rick Arnhold VP Eagle/ Vail District 193675 0 0 0 0 0 110690 0 38109 0 342474 0 0 0 David Bleakley VP Engineering 192683 0 0 0 0 0 77831 0 38072 0 308586 0 0 0 Diana Golis VP Power Supply & Contracts 191156 0 0 0 0 0 51270 0 19439 0 261865 0 0 0 David C O'Neil VP Operations 186408 0 0 0 0 0 73300 0 38072 0 297780 0 0 0 John Rowley VP Human Resources & Risk Management 188008 0 0 0 0 0 64575 0 38072 0 290655 0 0 0 Michael Glass Manager of Alpine Bank, Vail CO 18886 Director Fees 0 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 15 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, plus other Cooperative surveys utilized to set compensation levels. Form 990, Part VI, Section C, line 19 Documents are available on the Holy Cross Energy website. All new consumers are sent a "Welcome letter" explaining where the documents can be found. Form 990, Part IX, line 24e Dist Exp - Maintenance 4,986,879. Customer Accounts Expense 3,903,202. Transmission Expense 3,115,885. Customer Service & Info Expense 2,535,164. Form 990, Part IX, Line 4 The instructions to the 2018 Form 990 indicate that organizations exempt under Section 501(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. The Cooperative assigns the net operating margins to its members each year. 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, 2018. For 2017, the Cooperative used margins retired rather than margins assigned. Form 990, Part XI, line 9: Net Operating Margins Assigned to Members 6,555,618. Retirement of Capital Credits -3,812,892. Other Changes 610,549. 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. Holy Cross Round Up Foundation PO Box 2150 Glenwood Springs CO 81602 264059527 CO 0 Energy and Services Experts PO Box 2150 Glenwood Springs CO 81602 841382092 Dormant CO C 8648 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0