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Nonprofiteer
← JEFFERSON DAVIS ELECTRIC COOP INC

Form 990 for tax year 2024

Filed by JEFFERSON DAVIS ELECTRIC COOP INC.

Totals

Total revenue
$31,233,064
Total expenses
$31,979,995
Contributions and grants received
$0
Grants paid
$1,500
Program service revenue
$31,080,016
Investment income
$46,352
Other revenue
$106,696
Total assets, end of year
$244,366,013
Total liabilities, end of year
$223,200,967
Net assets or fund balances, end of year
$21,165,046
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • JOHN BERKEN

    SECRETARY/TREASURER

    Total calculated
    $32,641
    From this org
    $32,641
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • JOSEPH TUPPER JR

    PRESIDENT

    Total calculated
    $33,541
    From this org
    $33,541
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • REGGIE MURPHY

    DIRECTOR

    Total calculated
    $32,541
    From this org
    $32,541
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • KEVIN SONNIER

    DIRECTOR

    Total calculated
    $32,441
    From this org
    $32,441
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • HERMAN PRECHT III

    VICE PRESIDENT

    Total calculated
    $31,274
    From this org
    $31,274
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • JAMES DOXEY

    DIRECTOR

    Total calculated
    $3,100
    From this org
    $3,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • MARTIN ZAUNBRECHER

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • BYRON HARDEE

    DIRECTOR

    Total calculated
    $18,362
    From this org
    $18,362
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.6

  • WILSON DEAN LANDRY

    DIRECTOR

    Total calculated
    $34,741
    From this org
    $34,741
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.8

  • MICHAEL HEINEN

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $405,192
    From this org
    $212,576
    From related orgs
    $0
    Other
    $192,616
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,407
    Bonus
    $813
    Other
    $4,356
    Deferred
    $162,956
    Nontaxable benefits
    $29,660
    Filer's total
    $405,192

  • TARA GUINN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $112,203
    From this org
    $77,879
    From related orgs
    $0
    Other
    $34,324
    Hours/week
    40

  • ERIC GAUTREAUX

    CHIEF OPERATING OFFICER

    Total calculated
    $160,539
    From this org
    $114,719
    From related orgs
    $0
    Other
    $45,820
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $113,511
    Bonus
    $866
    Other
    $342
    Deferred
    $17,759
    Nontaxable benefits
    $28,061
    Filer's total
    $160,539

  • JUSTIN NORTHCUTT

    WORKING FOREMAN

    Total calculated
    $190,976
    From this org
    $153,841
    From related orgs
    $0
    Other
    $37,135
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $152,746
    Bonus
    $866
    Other
    $229
    Deferred
    $10,139
    Nontaxable benefits
    $26,996
    Filer's total
    $190,976

  • JUSTIN RINGUET

    WORKING FOREMAN

    Total calculated
    $179,062
    From this org
    $139,495
    From related orgs
    $0
    Other
    $39,567
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $138,391
    Bonus
    $866
    Other
    $238
    Deferred
    $12,562
    Nontaxable benefits
    $27,005
    Filer's total
    $179,062

  • BRANDYN CARTER

    JOURNEY LINEMAN

    Total calculated
    $160,811
    From this org
    $130,353
    From related orgs
    $0
    Other
    $30,458
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $129,298
    Bonus
    $866
    Other
    $189
    Deferred
    $8,283
    Nontaxable benefits
    $22,175
    Filer's total
    $160,811

  • JORDAN RICHARD

    JOURNEY LINEMAN

    Total calculated
    $168,744
    From this org
    $136,161
    From related orgs
    $0
    Other
    $32,583
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $135,055
    Bonus
    $866
    Other
    $240
    Deferred
    $10,356
    Nontaxable benefits
    $22,227
    Filer's total
    $168,744

  • NICHOLAS BEARD

    JOURNEY LINEMAN

    Total calculated
    $154,330
    From this org
    $131,456
    From related orgs
    $0
    Other
    $22,874
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $130,449
    Bonus
    $866
    Other
    $141
    Deferred
    $7,567
    Nontaxable benefits
    $15,307
    Filer's total
    $154,330

  • CLAUDE BREAUX

    FORMER DIRECTOR

    Total calculated
    $13,346
    From this org
    $13,346
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $13,346
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,346

  • KIRK WELDON

    FORMER DIRECTOR

    Total calculated
    $19,401
    From this org
    $19,401
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $19,401
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $19,401

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. MICHAEL HEINEN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 154,956 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,000 TOTAL REPORTED IN COLUMN C $ 162,956 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (154,956) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 37,840 EXPENSE TO THE COOPERATIVE $ 45,840 JUSTIN NORTHCUTT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 6,110 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,029 TOTAL REPORTED IN COLUMN C $ 10,139 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (6,110) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,709 EXPENSE TO THE COOPERATIVE $ 21,738 JUSTIN RINGUET: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 8,370 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,192 TOTAL REPORTED IN COLUMN C $ 12,562 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (8,370) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,709 EXPENSE TO THE COOPERATIVE $ 21,901 JORDAN RICHARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 6,374 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,982 TOTAL REPORTED IN COLUMN C $ 10,356 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (6,374) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 15,442 EXPENSE TO THE COOPERATIVE $ 19,424 BRANDYN CARTER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 4,301 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,982 TOTAL REPORTED IN COLUMN C $ 8,283 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (4,301) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 13,266 EXPENSE TO THE COOPERATIVE $ 17,248 ERIC GAUTREAUX: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,227 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,532 TOTAL REPORTED IN COLUMN C $ 17,759 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,227) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,810 EXPENSE TO THE COOPERATIVE $ 25,342 NICHOLAS BEARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 3,578 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,989 TOTAL REPORTED IN COLUMN C $ 7,567 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (3,578) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 15,442 EXPENSE TO THE COOPERATIVE $ 19,431

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349305694

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