2025-11-11T20:59:55-05:00 2024-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2024-01-01 840229176 Holy Cross Electric Association Inc % Bryan Hannegan HOLY 9709455491 PO Box 2150 Glenwood Springs CO 816022150 BRYAN HANNEGAN President and CEO 9709455491 2025-11-11 false true GEORGE LYNCH P00187596 9138311150 2025-11-11 2024 2025-03-06 01:10:19Z Bryan Hannegan 3799 Highway 82 Glenwood Springs CO 816022150 159417065 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 157876343 158955282 646574 730751 303398 -317650 158826315 159368383 0 9621748 10169425 4808024 4698085 0 0 142154752 143223150 156584524 158090660 2241791 1277723 375282436 391461383 224303453 233159204 150978983 158302179 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 170+ 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 107 0 true 180 true false false false false false 144720513 19519857 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 625046 0 151030 David Bleakley VP Engineering 45.00 0.00 X 316267 0 181604 David C ONeil VP Operations 45.00 0.00 X 297070 0 156251 Jenna Weatherred VP Member & Community Relations 45.00 0.00 X 282051 0 136519 Samuel Whelan VP Finance 45.00 0.00 X 270989 0 121574 Trina Zagar-Brown VP Business Services 45.00 0.00 X 257683 0 120418 John Rowley Director Human Resources 45.00 0.00 X 226502 0 115191 Joshua Snoddy Manager Operations Technology 45.00 0.00 X 217872 0 99693 James Ray Manager Glenwood Line Operations 45.00 0.00 X 213413 0 101564 Russ Winder Manager Construction Engineering 45.00 0.00 X 200222 0 106211 Michael Whiddon Manager Accounting 45.00 0.00 X 200555 0 105110 David Munk Director 8.00 0.00 X 37250 0 0 Adam Quinton Director 8.00 0.00 X 35000 0 0 Kristen Bertuglia Director 5.00 0.00 X 26750 0 0 Linn Brooks Director 5.00 0.00 X 25500 0 0 Robert Gardner Director 5.00 0.00 X 25500 0 0 Alex Degolia Director 4.00 0.00 X 24000 0 0 Keith Klesner Director 3.00 0.00 X 21250 0 0 3302920 0 1395165 127 false true false Advanced Underground Construction P O Box 67 Glenwood Springs CO 81602 Excavation 3206491 Sunsense Solar Inc P O Box 301 Carbondale CO 81623 Construction 720204 Ward Electric Company Inc 9586 E I-25 Frontage Rd Suite B Longmont CO 80504 Construction 2764411 Active Energies Solar LLC P O Box 7627 Avon CO 81620 Construction 773534 Bonfire Engineering & Consulting 4500 Cherry Creek Dr SSuite 1200 Denver CO 80246 Construction 3065309 19 Electric Revenues 211100 155600250 155600250 Capital Credits 211100 864623 864623 Electric Property Rent 211100 94132 94132 Carbon Offsets 211100 2130241 2130241 Other Operating 211100 266036 266036 158955282 675238 675238 25290 48682 -23392 -23392 -23392 55513 55513 55513 55513 0 Rebates 900099 12646 12646 Adj Contract Liqu Damag 900099 -306625 -306625 Other 900099 -279 -279 -294258 159368383 158599013 0 769370 X 10169425 3111752 1586333 6958584 15622006 Cost of Power 77129003 77129003 Distribution Expense 20266287 20266287 Customer Accounts 5793914 5793914 Admin & General 15556828 15556828 1896528 158090660 0 0 0 7682047 12159131 14959620 12703892 4532386 4740287 7110865 8072006 8655141 8534176 557041194 224181051 318863082 332860143 11127289 11612393 2352006 779355 375282436 391461383 28166377 27744896 30405187 35813911 161957994 165826283 3773895 3774114 224303453 233159204 X 63659911 63194272 75455535 78041052 11863537 17066855 150978983 158302179 375282436 391461383 X 1277723 6045473 X false false false 3810972 3810972 63252190 14538727 48713463 489060449 209139742 279920707 917583 502582 415001 332860143 Consumer Deposits 468448 Asset Retirement Obligations 3305666 3774114 X Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Association. While the Association believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Association. The Association recognizes any interest and penalties assessed by taxing authorities in income tax expense with few exceptions, is no longer subject to federal, state and local income tax examinations for years prior to 2021. X true true X X false false false Bryan Hannegan President and CEO 532640 92406 115088 35942 776076 Joshua Snoddy Manager Operations Technology 180038 13661 24173 86865 12828 317565 David C ONeil VP Operations 257515 25472 14083 120311 35940 453321 David Bleakley VP Engineering 253472 25711 37084 152278 29326 497871 Jenna Weatherred VP Member & Community Relations 254442 25420 2189 100581 35938 418570 Samuel Whelan VP Finance 246389 24600 85657 35917 392563 John Rowley Director Human Resources 197247 15364 13891 79496 35695 341693 James Ray Manager Glenwood Line Operations 182361 13999 17053 77362 24202 314977 Michael Whiddon Manager Accounting 167809 12900 19846 81026 24084 305665 Trina Zagar-Brown VP Business Services 234283 23400 84551 35867 378101 Russ Winder Manager Construction Engineering 185805 14417 70623 35588 306433 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 2024 Patronage Allocated to Members $10,169,425Change in Equities $ 5,497,796Operating Margins - Prior Year $-9,621,748 Total Other Changes $ 6,045,473 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2024 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, 2024. General explanation attachment The Software used to prepare the Forms 3468 is not checking No on Part 1 question 12diii. In addition on Form 3800 Part III line 4(a) should reflect the number 3 and reflecting the project numbers listed on the forms 3468. The total amount of credits in the amount of $754,509 should also be reflected in columns (h) and (j). In Part V of the Form 3800 the detail projects (3) should be listed in this section on lines 1-3. The Form 990-T Part III line 6j reflects the proper amount of Form 3800 Credits due to the Association. Energy and Services Experts PO Box 2150 Glenwood Springs CO 81602 841382092 Communication CO HCEA C Corp 6994 1.00000 true false false false false false false false false false false false false false false false false false false false