#464 of 500 · Member & Benefit Funds

United Power Inc

EIN 84-0340655 · CO · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit rural electric cooperative headquartered in Brighton, Colorado, originally incorporated in 1938 as Union Rural Electric and renamed in 1990. It is Colorado's largest electric cooperative, serving more than 100,000 meters and over 300,000 members along the northern Front Range, from mountain canyons through the I-25 corridor to farming communities. Governed by a member-elected board, it delivers electricity and pursues local renewable energy generation and storage for its members.

Financials, fiscal 2023

Revenue

$342.5M

Expenses

$342.0M

Total assets

$712.5M

Net assets

$257.9M

Operating margin

0.1%

1-year growth

6.9%

5-year growth (CAGR)

3.7%

Reserve (years of spending)

9.1

Contributions share

n/a

Programme spending

99.8%

Fundraising cost

n/a

Executive pay share

0.77%

Employees

216

Revenue per employee

$1.6M

Grants paid

n/a

Years filing

84

NFP Health Score: 68 / 100

Financial 54 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history