2023-08-01T12:06:44-05:00 2022-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2022-01-01 840229176 HOLY CROSS ELECTRIC ASSOCIATION INC % SAM WHELAN HOLY 9709455491 PO BOX 2150 GLENWOOD SPRINGS CO 816022150 BRYAN HANNEGAN PRESIDENT AND CEO 5013721040 2023-07-20 true BRYAN HANNEGAN 999009999 AMBER SHERRILL P00748683 5013721040 3 2022 2023-04-26 12:10:37Z BRYAN HANNEGAN 3799 HIGHWAY 82 GLENWOOD SPRINGS CO 81601 150666903 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 7 188 0 0 0 0 0 143556574 149589259 -8219 417238 413796 585028 143962151 150591525 0 0 8883301 9578332 33534045 32620975 0 0 0 100561429 106697998 142978775 148897305 983376 1694220 346769060 359982286 210424174 216700648 136344886 143281638 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 60,000+ ACTIVE METERS. HOLY CROSS ENERGY PROUDLY SERVES IT 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 108 0 true 188 true false false false false false 138153546 12527978 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 SAM WHELAN 9709455491 3799 HIGHWAY 82 GLENWOOD SPRINGS CO 81601 X BRYAN HANNEGAN PRESIDENT & CEO 45.0 0.0 X 550409 0 137535 DAVID BLEAKLEY VP, ENGINEERING 45.0 0.0 X 229002 0 137642 JOHN ROWLEY VP, HUMAN RESOURCES & RISK MGM 45.0 0.0 X 241333 0 120943 DAVID O'NEIL VP, OPERATIONS 45.0 0.0 X 226938 0 128501 JENNA WEATHERRED VP, MEMBER & COMMUNITY RELATIO 45.0 0.0 X 224502 0 115279 BARRY CROISSANT MANAGER, FACILITIES 45.0 0.0 X 181371 0 139776 ANDREW SCHILLER VP, FINANCE 45.0 0.0 X 210405 0 87839 SAM WHELAN VP, FINANCE & POWER SUPPLY 45.0 0.0 X 193400 0 96153 JOSH SNODDY MANAGER, OPS TECHNOLOGY 45.0 0.0 X 188415 0 93557 MICHAEL WHIDDON MANAGER, ACCOUNTING 45.0 0.0 X 175108 0 100383 MANUEL GOMEZ DIRECTOR, FIBER & BROADBAND 45.0 0.0 X 177228 0 96869 JAMES RAY MANAGER, OPERATIONS 45.0 0.0 X 178074 0 79825 DAVE MUNK DIRECTOR 10.0 0.0 X 41500 0 0 ADAM QUINTON DIRECTOR 5.0 0.0 X 28250 0 0 KEITH KLESNER DIRECTOR 5.0 0.0 X 27750 0 0 KRISTEN BERTUGLIA DIRECTOR 5.0 0.0 X 26750 0 0 ROBERT GARDNER DIRECTOR 5.0 0.0 X 25750 0 0 ALEX DEGOLIA DIRECTOR 4.0 0.0 X 23500 0 0 DAVID CAMPBELL DIRECTOR 4.0 0.0 X 23500 0 0 2973185 0 1334302 96 false true false ADVANCED UNDERGROUND CONSTRUCTION PO BOX 67 GLENWOOD SPRINGS CO 81602 EXCAVATION 5147627 WARD ELECTRIC COMPANY INC 9586 I-25 FRONTAGE ROAD SUITE B LONGMONT CO 80504 CONSTRUCTION 2285812 SUNSENSE SOLAR INC PO BOX 301 CARBONDALE CO 81623 CONSTRUCTION 1503048 BONFIRE ENGINEERING CONSULTING I 3700 EAST 41ST AVENUE DENVER CO 80216 CONSTRUCTION 1266885 ACTIVE ENERGIES SOLAR LLC PO BOX 7627 AVON CO 81620 CONSTRUCTION 792500 21 0 ELECTRICITY SALES 221000 148254966 148254966 CAPITAL CREDITS & PATRONAGE DIVIDENDS 221000 1125650 1125650 RENT FROM ELECTRIC PROPERTY 221000 208643 208643 149589259 231839 231839 0 0 27825 62985 -35160 0 -35160 -35160 197792 12393 185399 185399 185399 0 0 0 0 0 0 0 0 0 JOBBING REVENUE 900099 435134 435134 REBATES 900099 185329 185329 MISCELLANEOUS REVENUE -275 0 0 -275 -275 0 0 -275 620188 150591525 149589259 0 1002266 0 0 0 9578332 2896881 0 19765229 4800121 3733817 1424927 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7238201 0 14209749 0 COST OF POWER 56955374 DISTRIBUTION EXPENSE 16253736 CUSTOMER ACCOUNTS 6454178 TRANSMISSION EXPENSE 2874007 2712753 148897305 0 0 8962829 7732805 0 0 12013513 14293316 0 0 0 0 477747 2663000 4441069 6282166 8310748 8849667 504510707 196424634 299817929 308086073 0 0 0 0 9799320 10460283 0 0 2945905 1614976 346769060 359982286 24282334 27027673 0 0 20206234 27684120 0 0 0 0 0 0 162319187 158264063 0 0 3616419 3724792 210424174 216700648 X 62121430 63869956 53487033 56286008 20736423 23125674 136344886 143281638 346769060 359982286 X 1694220 5242532 X false false false 3810972 3810972 63353093 13708297 49644796 409546324 182287897 227258427 27800318 428440 27371878 308086073 0 ASSET RETIREMENT OBLIGATIONS 3189800 CONSUMER DEPOSITS 534992 3724792 X true true X X false false false BRYAN HANNEGAN PRESIDENT & CEO 465380 0 85029 0 0 0 108158 0 29377 0 687944 0 0 0 SAM WHELAN VP, FINANCE & POWER SUPPLY 179068 0 14332 0 0 0 67222 0 28931 0 289553 0 0 0 ANDREW SCHILLER VP, FINANCE 191748 0 18657 0 0 0 59568 0 28271 0 298244 0 0 0 JOSH SNODDY MANAGER, OPS TECHNOLOGY 157528 0 11955 0 18932 0 83123 0 10434 0 281972 0 0 0 BARRY CROISSANT MANAGER, FACILITIES 154738 0 11366 0 15267 0 111062 0 28714 0 321147 0 0 0 JAMES RAY MANAGER, OPERATIONS 165933 0 12141 0 0 0 51034 0 28791 0 257899 0 0 0 MANUEL GOMEZ DIRECTOR, FIBER & BROADBAND 150831 0 11567 0 14830 0 77305 0 19564 0 274097 0 0 0 MICHAEL WHIDDON MANAGER, ACCOUNTING 145782 0 11268 0 18058 0 80851 0 19532 0 275491 0 0 0 JOHN ROWLEY VP, HUMAN RESOURCES & RISK MGM 204647 0 19750 0 16936 0 91865 0 29078 0 362276 0 0 0 DAVID BLEAKLEY VP, ENGINEERING 208871 0 20131 0 0 0 108637 0 29005 0 366644 0 0 0 JENNA WEATHERRED VP, MEMBER & COMMUNITY RELATIO 204702 0 19800 0 0 0 86172 0 29107 0 339781 0 0 0 DAVID O'NEIL VP, OPERATIONS 206888 0 19940 0 110 0 99383 0 29118 0 355439 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 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, 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 COMPENSATION REVIEW FOR ALL POSITIONS WENT INTO EFFECT ON MARCH 1, 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 2022 PATRONAGE ALLOCATED TO MEMBERS: 9,578,332 CHANGE IN PATRONAGE CAPITAL: 1,748,526 OTHER MARGINS & EQUITIES: 2,798,975 OPERATING MARGIN - PRIOR YEAR: (8,883,301) ------------- TOTAL OTHER CHANGES $5,242,532 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 COMMUNICATION CO HCEA C CORP 0 7548 1.00000 true false false false false false false false false false false false false false false false false false false false