Valley Electric Association, Inc.
Legal name: Valley Electric Association Inc
Nonprofit profile at a glance
- EIN
- 880089964
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Pahrump, NV, US
- Phone
- (775) 727-5312
- Rating confidence
- Limited
- Sector
- Public Utilities
Reported finances
- Revenue
- $102,012,938
- Expenses
- $102,038,970
- Assets
- $352,803,144
- Liabilities
- $262,162,606
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- MICHELLE CAIRD (PRESIDENT)
- KATHLEEN KEYES (VICE-PRESIDENT)
- MARK STALLONS (CEO)
- ROBBY HAMLIN (CEO (DEC))
Highest reported compensation
- MARK STALLONS (CEO): $542,689 total reported compensation
- AARON LYNN (MGR LINE OPERATIONS): $356,404 total reported compensation
- TERRI GEORGE (CFO): $339,470 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Improving the lives of the people and communities we serve
What it reported doing in 2024
Prior to the membership approved bylaw amendments in 2018, the cooperative provided internet/broadband services to all subscribers on a non-patronage and unrelated business income basis. One of the membership approved bylaw amendments is to provide internet/broadband services to members on a patronage, nonprofit basis. Therefore, the cooperative has expanded its exempt purposes to include the provision of internet/broadband services to members on a patronage basis. Such services continue to be provided to non-members on a non-patronage basis. There were 11,092 active services at year end.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program 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 verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 65
- Accountability: 86
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 21.3%; rating input score 21; 7th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 3.46; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.74; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 19; 19th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.2% per year; rating input score 100; 44th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 23rd percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $543K · 25 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $14M reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes grants and executive pay
- Filing history: 11 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 43 filed money-flow records
- Related organizations: 7 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Grant itemization coverage scored 21/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 27/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 19/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.