2022-08-01T15:57:55-05:00 2021-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2021-01-01 840229176 HOLY CROSS ELECTRIC ASSOCIATION INC % ANDREW SCHILLER HOLY 9709455491 PO BOX 2150 GLENWOOD SPRINGS CO 816022150 BRYAN HANNEGAN PRESIDENT AND CEO 5013721040 2022-06-09 true BRYAN HANNEGAN 999009999 P00748683 5013721040 2 2021 2022-09-23 18:48:47Z BRYAN HANNEGAN 3799 HIGHWAY 82 GLENWOOD SPRINGS CO 81601 144224911 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 7 180 0 0 0 0 134653887 143556574 509050 -8219 345766 413796 135508703 143962151 0 0 8131892 8883301 32766135 33534045 0 0 0 93058972 100561429 133956999 142978775 1551704 983376 327619798 346769060 196632161 210424174 130987637 136344886 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 160+ EMPLOYEES SERVING 58,000+ 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 274 0 true 180 true false false false false false 134072343 9962991 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 AND CEO 45.0 0.0 X 530911 0 135332 JAMES RAY MANAGER, GWD LINE OPERATIONS 45.0 0.0 X 170418 0 258996 RICK ARNHOLD VP EAGLE/VAIL DISTRICT 45.0 0.0 X 289739 0 113985 DAVID BLEAKLEY VP ENGINEERING 45.0 0.0 X 224309 0 137523 BARRY CROISSANT MANAGER, FACILITIES 45.0 0.0 X 180808 0 157646 JOHN ROWLEY VP HUMAN RESOURCES & RISK MGMT 45.0 0.0 X 221047 0 116534 BOB FARMER VP INFORMATION TECHNOLOGY 45.0 0.0 X 219530 0 107221 DAVID O'NEIL VP OPERATIONS 45.0 0.0 X 205731 0 118272 JENNA WEATHERRED VP MEMBER & COMMTY RELATIONS 45.0 0.0 X 204494 0 107088 ANDREW SCHILLER VP FINANCE 45.0 0.0 X 186274 0 94356 MANUEL GOMEZ MANAGER, IT INFRASTRUCTURE 45.0 0.0 X 176414 0 102144 MICHAEL WHIDDON MANAGER, ACCOUNTING 45.0 0.0 X 171901 0 104354 JOSH SNODDY MANAGER, OPS TECHNOLOGY 45.0 0.0 X 180589 0 88071 DAVE MUNK DIRECTOR 8.0 0.0 X 44250 0 0 ADAM QUINTON DIRECTOR 6.0 0.0 X 32000 0 0 KRISTEN BERTUGLIA DIRECTOR 6.0 0.0 X 31000 0 0 DAVID CAMPBELL DIRECTOR 6.0 0.0 X 30736 0 0 ROBERT GARDNER DIRECTOR 5.0 0.0 X 30500 0 0 ALEX DEGOLIA DIRECTOR 4.0 0.0 X 24750 0 0 KEITH KLESNER DIRECTOR 6.0 0.0 X 15250 0 0 ADAM PALMER DIRECTOR 3.0 0.0 X 1750 0 0 3172401 0 1641522 77 false true false ADVANCED UNDERGROUND CONSTRUCTION PO BOX 67 GLENWOOD SPRINGS CO 81602 EXCAVATION 2808839 MCCARTER AND ENGLISH LLP 100 MULBERRY STREET NEWARK NJ 07102 LEGAL 982104 WARD ELECTRIC COMPANY INC 9586 E I-25 FRONTAGE ROAD LONGMONT CO 80504 CONSTRUCTION 2397525 SUNSENSE SOLAR INC PO BOX 301 CARBONDALE CO 81623 CONSTRUCTION 1610321 NRECA PO BOX 790224 SAINT LOUIS MO 63179 INVESTMENT MGT 6679266 22 0 ELECTRICITY SALES 221000 142436343 142436343 CAPITAL CREDITS AND PATRONAGE DIVIDENDS 221000 915547 915547 RENT FROM ELECTRIC PROPERTY 221000 204684 204684 143556574 65126 65126 0 0 32974 56850 -23876 0 -23876 -23876 132565 205910 -73345 -73345 -73345 0 0 0 0 0 0 0 0 0 JOBBING REVENUE 900099 336376 336376 PARADIGM SUBSIDIARY DISTRIBUTION 900099 97937 97937 MISCELLANEOUS REVENUES 3359 3359 3359 3359 437672 143962151 143556574 405577 0 0 0 8883301 3222582 0 19823662 5077470 3997477 1412854 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7228547 0 13472267 0 COST OF POWER 51298886 DISTRIBUTION EXPENSE 17039160 CUSTOMER ACCOUNTS 6996756 TRANSMISSION EXPENSE 4188065 337748 142978775 X 0 0 5585482 8962829 0 0 12577316 12013513 0 0 0 0 28995 477747 3845174 4441069 6538466 8310748 482896140 183078211 286982379 299817929 0 0 0 0 9313095 9799320 0 0 2748891 2945905 327619798 346769060 23147805 24282334 0 0 19686843 20206234 0 0 0 0 0 0 153304035 162319187 0 0 493478 3616419 196632161 210424174 X 60693652 62121430 51292347 53487033 19001638 20736423 130987637 136344886 327619798 346769060 X 983376 4373873 X false false false 3810972 3810972 62900160 12747155 50153005 388331060 170052369 218278691 27853948 278687 27575261 299817929 0 CONSUMER DEPOSITS 483020 ASSET RETIREMENT OBLIGATIONS 3133399 3616419 X true true X X false false false BRYAN HANNEGAN PRESIDENT AND CEO 427720 0 103191 0 0 0 101686 0 33646 0 666243 0 ANDREW SCHILLER VP FINANCE 168919 0 17355 0 0 0 61658 0 32698 0 280630 0 BARRY CROISSANT MANAGER, FACILITIES 153360 0 11035 0 16413 0 124696 0 32950 0 338454 0 JOSH SNODDY MANAGER, OPS TECHNOLOGY 153795 0 11551 0 15243 0 76252 0 11819 0 268660 0 MANUEL GOMEZ MANAGER, IT INFRASTRUCTURE 143746 0 11176 0 21492 0 79771 0 22373 0 278558 0 MICHAEL WHIDDON MANAGER, ACCOUNTING 142031 0 10887 0 18983 0 82015 0 22339 0 276255 0 JAMES RAY MANAGER, GWD LINE OPERATIONS 150328 0 11563 0 8527 0 225993 0 33003 0 429414 0 RICK ARNHOLD VP EAGLE/VAIL DISTRICT 204936 0 19383 0 65420 0 80668 0 33317 0 403724 0 JOHN ROWLEY VP HUMAN RESOURCES & RISK MGMT 187833 0 19082 0 14132 0 83241 0 33293 0 337581 0 DAVID BLEAKLEY VP ENGINEERING 193931 0 19264 0 11114 0 104219 0 33304 0 361832 0 BOB FARMER VP INFORMATION TECHNOLOGY 183782 0 18682 0 17066 0 74423 0 32798 0 326751 0 DAVID O'NEIL VP OPERATIONS 186830 0 18901 0 0 0 85452 0 32820 0 324003 0 JENNA WEATHERRED VP MEMBER & COMMTY RELATIONS 185727 0 18767 0 0 0 73822 0 33266 0 311582 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 MANAGER 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 IS REQUIRED TO ANNUALLY SUBMIT A WRITTEN STATEMENT AND ANSWER A QUESTIONNAIRE CERTIFYING THAT THE DIRECTOR DOES NOT HAVE ANY CONFLICTS OF INTEREST AND IS QUALIFIED TO CONTINUE SERVING AS A DIRECTOR. THE ORGANIZATION'S PRESIDENT AND CHIEF EXECUTIVE OFFICER INVESTIGATES ANY POTENTIAL DIRECTOR CONFLICTS OF INTEREST TO DETERMINE THE NATURE OF THE CONFLICT IF ONE DOES EXIST AND PROVIDES THE RESULTS OF ANY SUCH INVESTIGATION TO THE BOARD OF DIRECTORS FOR APPROPRIATE ACTION DEPENDING ON THE NATURE OF THE CONFLICT. TO THE EXTENT A DIRECTOR HAS A CONFLICT OF INTEREST WITH A PARTICULAR TRANSACTION OR MATTER BEFORE THE BOARD, THAT DIRECTOR MAY CONTINUE TO PARTICIPATE IN BOARD DECISIONS ON SUCH MATTERS PROVIDED THAT THE CONFLICT OF INTEREST HAS BEEN DISCLOSED TO THE OTHER DIRECTORS AND/OR TO THE COOPERATIVE MEMBERSHIP IN ADVANCE. HAS BEEN DISCLOSED TO THE OTHER DIRECTORS AND/OR TO THE COOPERATIVE MEMBERSHIP IN ADVANCE. PROVIDED THAT THE CONFLICT OF INTEREST HAS BEEN DISCLOSED TO THE OTHER DIRECTORS AND/OR TO THE COOPERATIVE MEMBERSHIP IN ADVANCE. FORM 990, PART VI, SECTION B, LINES 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 2021. 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 XI, LINE 9 2021 PATRONAGE ALLOCATED TO MEMBERS: $8,883,301 CHANGE IN PATRONAGE CAPITAL: $1,427,778 OTHER MARGINS & EQUITIES: $2,194,686 OPERATING MARGIN - PRIOR YEAR: $(8,131,892) ------------- TOTAL OTHER CHANGES $4,373,873 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. 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