Nonprofit · EIN 84-0229176
HOLY CROSS ELECTRIC ASSOC INC
Tax-exempt · GLENWOOD SPGS, CO 81602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $159,368,383 | $158,090,660 | $1,277,723 | $391,461,383 | $233,159,204 | $158,302,179 |
| December 31, 2023 | 990 | $158,826,315 | $156,584,524 | $2,241,791 | $375,282,436 | $224,303,453 | $150,978,983 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $158,955,282
- Investment income
- $730,751
- Net rental income
- -$23,392
- Net gain from sales of assets
- $55,513
- Other revenue
- -$317,650
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $10,169,425
- Compensation of officers, directors and key employees
- $3,111,752
- Other salaries and wages
- $1,586,333
- Salaries, compensation and benefits (total)
- $4,698,085
- Professional fundraising fees
- $0
- Depreciation
- $15,622,006
Balance sheet and other
- Total assets, start of year
- $375,282,436
- Total assets, end of year
- $391,461,383
- Total liabilities, end of year
- $233,159,204
- Net assets, end of year
- $158,302,179
- Land, buildings and equipment
- $332,860,143
- Gross receipts
- $159,417,065
- Employees
- 180
- Year formed
- 1939
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Bryan Hannegan | President and CEO Officer | 45 | $625,046 | $151,030 |
| David Bleakley | VP Engineering Key employee | 45 | $316,267 | $181,604 |
| David C ONeil | VP Operations Key employee | 45 | $297,070 | $156,251 |
| Jenna Weatherred | VP Member & Community Relations Key employee | 45 | $282,051 | $136,519 |
| Samuel Whelan | VP Finance Officer | 45 | $270,989 | $121,574 |
| Trina Zagar-Brown | VP Business Services Key employee | 45 | $257,683 | $120,418 |
| John Rowley | Director Human Resources Highest-paid employee | 45 | $226,502 | $115,191 |
| Joshua Snoddy | Manager Operations Technology Highest-paid employee | 45 | $217,872 | $99,693 |
| James Ray | Manager Glenwood Line Operations Highest-paid employee | 45 | $213,413 | $101,564 |
| Russ Winder | Manager Construction Engineering Highest-paid employee | 45 | $200,222 | $106,211 |
| Michael Whiddon | Manager Accounting Highest-paid employee | 45 | $200,555 | $105,110 |
| David Munk | Director Trustee or director | 8 | $37,250 | $0 |
| Adam Quinton | Director Trustee or director | 8 | $35,000 | $0 |
| Kristen Bertuglia | Director Trustee or director | 5 | $26,750 | $0 |
| Linn Brooks | Director Trustee or director | 5 | $25,500 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Gardner | Director Trustee or director | 5 | $25,500 |
| Alex Degolia | Director Trustee or director | 4 | $24,000 |
| Keith Klesner | Director Trustee or director | 3 | $21,250 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Bryan Hannegan | President and CEO Officer | 45 | $650,376 | $144,567 |
| David Bleakley | VP Engineering Key employee | 45 | $271,574 | $158,776 |
| David C ONeil | VP Operations Key employee | 45 | $281,423 | $148,317 |
| Barry Croissant | Manager Facilities Highest-paid employee | 45 | $229,734 | $199,064 |
| Manuel Gomez | Director Fiber & Broadband Highest-paid employee | 45 | $338,833 | $77,161 |
| Jenna Weatherred | VP Member & Community Relati Key employee | 45 | $268,558 | $129,717 |
| Samuel Whelan | VP Finance Officer | 45 | $256,041 | $116,355 |
| John Rowley | Director Human Resources Highest-paid employee | 45 | $230,970 | $115,275 |
| Trina Zagar-Brown | VP Business Services Key employee | 45 | $226,271 | $106,045 |
| Russ Winder | Manager Construction Enginee Highest-paid employee | 45 | $218,202 | $111,725 |
| Ladd Epp | Manager Cyber & Physical Sec Highest-paid employee | 45 | $224,865 | $94,425 |
| Dave Munk | Director Trustee or director | 11 | $45,000 | $0 |
| Adam Quinton | Director Trustee or director | 9 | $38,250 | $0 |
| Kristen Bertuglia | Director Trustee or director | 6 | $30,000 | $0 |
| Robert Gardner | Director Trustee or director | 5 | $26,250 | $0 |
| Alex Degolia | Director Trustee or director | 4 | $24,250 | $0 |
| Keith Klesner | Director Trustee or director | 4 | $23,000 | $0 |
| Linn Brooks | Director Trustee or director | 5 | $13,750 | $0 |
| David Campbell | Director Trustee or director | 2 | $9,250 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2150, GLENWOOD SPGS, CO 81602-2150
- In care of
- % BRYAN HANNEGAN
- Principal officer (990 for 2024)
- Bryan Hannegan, 3799 Highway 82, Glenwood Springs, CO 816022150
- Signed the 990
- BRYAN HANNEGAN, President and CEO
- Phone
- (970) 945-5491
- Website
- www.HolyCross.com
- Return prepared by
- Kelso Lynch PC PA
Mission
Holy Cross Energy provides safe, reliable, affordable, and sustainable energy and services that improve the quality of life for our members and their communities.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-0229176
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1949
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $426,287,824
- Income (IRS master file)
- $165,118,800
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $159,368,383 | $158,090,660 | $391,461,383 | XML |
| 990 | December 2023 | $158,826,315 | $156,584,524 | $375,282,436 | XML |
| 990 | December 2022 | $150,591,525 | $148,897,305 | $359,982,286 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-0229176).
Questions about HOLY CROSS ELECTRIC ASSOC INC
- What is the EIN of HOLY CROSS ELECTRIC ASSOC INC?
- The employer identification number (EIN) of HOLY CROSS ELECTRIC ASSOC INC is 84-0229176.
- Is HOLY CROSS ELECTRIC ASSOC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1949.
- Are donations to HOLY CROSS ELECTRIC ASSOC INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOLY CROSS ELECTRIC ASSOC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOLY CROSS ELECTRIC ASSOC INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOLY CROSS ELECTRIC ASSOC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOLY CROSS ELECTRIC ASSOC INC?
- The 990 for the year ended December 31, 2024 names Bryan Hannegan.
- Who are the officers and directors of HOLY CROSS ELECTRIC ASSOC INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $625,046 (Bryan Hannegan, President and CEO).
- How much revenue does HOLY CROSS ELECTRIC ASSOC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $159,368,383, expenses of $158,090,660 and total assets of $391,461,383 at year end.
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