2024-09-26T13:35:59-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 840229176 Holy Cross Electric Association Inc HOLY PO Box 2150 Glenwood Springs CO 816022150 Bryan Hannegan President and C 9709455491 2024-09-25 true true George Lynch P00187596 9138311150 2024-09-26 2023 2024-08-08 14:25:15Z Bryan Hannegan 3799 Highway 82 Glenwood Springs CO 816022150 158882775 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 7 182 0 0 0 149589259 157876343 417238 646574 585028 303398 150591525 158826315 0 9578332 9621748 4307487 4808024 0 0 135011486 142154752 148897305 156584524 1694220 2241791 359982286 375282436 216700648 224303453 143281638 150978983 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 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 true false false false true true 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 103 0 true 182 true false false false false false 145446928 13514733 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 Samual Whelan 9709455491 3799 Highway 82 Glenwood Springs CO 81601 Bryan Hannegan President and CEO 45.00 0.00 X 650376 0 144567 David Bleakley VP Engineering 45.00 0.00 X 271574 0 158776 David C ONeil VP Operations 45.00 0.00 X 281423 0 148317 Barry Croissant Manager Facilities 45.00 0.00 X 229734 0 199064 Manuel Gomez Director Fiber & Broadband 45.00 0.00 X 338833 0 77161 Jenna Weatherred VP Member & Community Relati 45.00 0.00 X 268558 0 129717 Samuel Whelan VP Finance 45.00 0.00 X 256041 0 116355 John Rowley Director Human Resources 45.00 0.00 X 230970 0 115275 Trina Zagar-Brown VP Business Services 45.00 0.00 X 226271 0 106045 Russ Winder Manager Construction Enginee 45.00 0.00 X 218202 0 111725 Ladd Epp Manager Cyber & Physical Sec 45.00 0.00 X 224865 0 94425 Dave Munk Director 11.00 0.00 X 45000 0 0 Adam Quinton Director 9.00 0.00 X 38250 0 0 Kristen Bertuglia Director 6.00 0.00 X 30000 0 0 Robert Gardner Director 5.00 0.00 X 26250 0 0 Alex Degolia Director 4.00 0.00 X 24250 0 0 Keith Klesner Director 4.00 0.00 X 23000 0 0 Linn Brooks Director 5.00 0.00 X 13750 0 0 David Campbell Director 2.00 0.00 X 9250 0 0 3406597 0 1401427 126 false true false Advanced Underground Construction P O Box 67 Glenwood Springs CO 81602 Excavation 4635144 Sunsense Solar Inc P O Box 301 Carbondale CO 81623 Construction 1769825 Ward Electric Company Inc 9586 E I-25 Frontage Rd Suite B Longmont CO 80504 Construction 1638036 Active Energies Solar LLC P O Box 7627 Avon CO 81620 Construction 1423585 Bonfire Engineering Consulting 4500 Cherry Creek Dr SSuite 1200 Denver CO 80246 Construction 1080589 26 Electric Revenues 211110 155510204 155510204 Capital Credits 211110 1291819 1291819 Electric Property Rent 211110 214454 214454 Other Operating Revenue 211110 859866 859866 157876343 593903 593903 43000 56460 -13460 -13460 -13460 52671 52671 52671 52671 Rebates 900099 10233 10233 Liquidated Damages 900099 306625 306625 316858 158826315 157648429 0 1177886 X 9621748 2635454 2172570 6963459 14911630 Cost of Power 78930945 78930945 Distribution Expense 18618353 18618353 Customer Accounts 6001759 6001759 Admin & General 14769750 14769750 1958856 156584524 0 0 0 7732805 7682047 14293316 14959620 2663000 4532386 6282166 7110865 8849667 8655141 529311501 210448419 308086073 318863082 10460283 11127289 1614976 2352006 359982286 375282436 27027673 28166377 27684120 30405187 158264063 161957994 3724792 3773895 216700648 224303453 X 63869956 63659911 56286008 75455535 23125674 11863537 143281638 150978983 359982286 375282436 X 2241791 5455554 X false false false 3810972 3810972 62674132 14076382 48597750 461908814 195898198 266010616 917583 473839 443744 318863082 Subordinated Certificates 2969073 C Other Investments in Assoc Organ 8158216 C 11127289 Consumer Deposits 526678 Asset Retirement Obligations 3247217 3773895 X Footnote for uncertain tax position under FIN 48 (Part X) An evaluation of whether or not it has any uncertain tax positions isdetermined on an annual basis by the Association. While the Associationbelieves it has adequately provided for all tax positions, amounts assertedby taxing authorities could be different than the positions taken by theAssociation. The Association recognizes any interest and penaltiesassessed by taxing authorities in income tax expense, and with fewexceptions, is no longer subject to federal, state, or local income taxexaminations by taxing authorities for years before 2020. X true true X X false false false Bryan Hannegan President and CEO 562371 88005 109633 34934 794943 Manuel Gomez Director Fiber & Broadband 338833 57692 19469 415994 David C ONeil VP Operations 247347 24610 9466 113410 34907 429740 David Bleakley VP Engineering 246733 24841 124416 34360 430350 Jenna Weatherred VP Member & Community Relations 244117 24441 94818 34899 398275 Samuel Whelan VP Finance 232613 23428 81501 34854 372396 John Rowley Director Human Resources 209176 14844 6950 80628 34647 346245 Barry Croissant Manager Facilities 157784 12334 59616 164717 34347 428798 Ladd Epp Manager Cyber & Physical Security 208661 16204 65777 28648 319290 Trina Zagar-Brown VP Business Services 209396 16875 74121 31924 332316 Russ Winder Manager Construction Engineering 173878 13665 30659 77235 34490 329927 Benefit information (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. Members or stockholder classes and rights Part VI line 6 HOLY CROSS ELECTRIC ASSOCIATION IS A MEMBER OWNED COOPERATIVE. Member election for additional members Part VI line 7a MEMBERS OF HOLY CROSS ELECTRIC NOMINATE AND ELECT THE BOARD OF DIRECTORS. Governing body decisions Part VI line 7b MERGERS AND/OR CONSOLIDATIONS REQUIRE APPROVAL BY A 2/3 MAJORITY VOTE OF THE MEMBERS. Committee meeting documentation Part VI line 8b NO COMMITTEE HAS THE AUTHORITY TO ACT FOR THE BOARD OF DIRECTORS. Form 990 governing body review Part VI line 11 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. Conflict of interest policy compliance Part VI 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. 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, AND PROVIDED THAT THE CONFLICT OF INTEREST TRANSACTION IS VOTED ON FOR APPROVAL BY THE BOARD OR MEMBERSHIP. CEO executive director top management comp Part VI line 15a THE COMPENSATION IS SET BY THE BOARD OF DIRECTORS UTILIZING SALARY DATA FOR GENERAL MANAGERS STATEWIDE AND NATIONALLY. SURVEY DATA IS GATHERED THROUGH MOUNTAIN STATES EMPLOYERS COUNCIL, CREA, AND OTHER COOPERATIVE SURVEYS UTILIZED TO SET COMPENSATION LEVELS. Other officer or key employee compensation Part VI line 15b THE COMPENSATION IS SET BY THE BOARD OF DIRECTORS BASED ON AN INTERNAL PERFORMANCE REVIEW PROCESS AND PAY GRADE BENCHMARKING AGAINST OTHER SIMILIAR JOBS USING SALARY DATA FOR SIMILIAR POSITIONS STATEWIDE AND NATIONALLY. SURVEY DATA IS GATHERED THROUGH MOUNTAIN STATES EMPLOYERS COUNCIL, CREA, AND OTHER COOPERATIVE SURVEYS UTILIZED TO SET COMPENSATION LEVELS. Governing documents etc available to public Part VI 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. Audited by an independent accountant Part XII line 2b HOLY CROSS ELECTRIC ASSOCIATIONS 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. Explanation of other changes in net assets or fund balances Part XI line 9 2023 Patronage Allocated to Members $9,621,748Change in Equities $5,412,138Operating Margins - Prior Year $-$9,578,332 Total Other Changes $5,455,554 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2023 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 margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2023. Energy and Services Experts PO Box 2150 Glenwood Springs CO 81602 841382092 Communication CO HCEA C Corp 7273 1.00000 true false false false false false false false false false false false false false false false false false false false