Poudre Valley REA

Legal name: Poudre Valley Rea Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

17 people listed

JEFFREY WADSWORTH (PRESIDENT & CEO): $662,845 total reported compensation
JOHN BOWERFIND (EXECUTIVE VP/ENGINEERING & GRID ADVANCEMENT): $457,333 total reported compensation
JOSHUA NOEL (TECHNOLOGY & ENERGY RESOURCES): $418,238 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Our member-owners guide our decisions, your needs shape our strategy, and your trust keeps us focused on what matters most.

Sold electricity to rural members.

Revenue model: Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Yes; rating input score 100

Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 5%; rating input score 57; 57th percentile among comparable filings
Total-asset coverage ratio: 2.18; rating input score 66; 66th percentile among comparable filings
Liabilities to assets ratio: 0.57; rating input score 31; 31st percentile among comparable filings
Officer compensation ratio: 2.3%; rating input score 49; 49th percentile among comparable filings

Program expense growth: 4.2% per year; rating input score 100; 33rd percentile among comparable filings
Revenue growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
Asset growth: 3.8% per year; rating input score 100; 26th percentile among comparable filings

What they do: 6 programs and campaigns described on the official site · 1 operating location identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $663K · 17 people listed · 4 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $138.5M reported
Consistency: 11 of 11 current checks pass
Schedules: 6 filed schedules · includes executive pay and related organizations
Filing history: 15 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 18 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.