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Nonprofiteer
← RUTHERFORD ELECTRIC MEMBERSHIP

Form 990 for tax year 2025

Filed by RUTHERFORD ELECTRIC MEMBERSHIP.

Totals

Total revenue
$174,495,890
Total expenses
$174,495,890
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$174,226,208
Investment income
$258,782
Other revenue
$10,900
Total assets, end of year
$386,056,162
Total liabilities, end of year
$229,282,731
Net assets or fund balances, end of year
$156,773,431
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $172,604,335 · related or exempt $172,604,335

  • 2b · Program service revenue: POLE RENTAL

    total $1,256,027 · excluded $1,256,027

  • 2c · Program service revenue: PATRONAGE CAPITAL

    total $365,846 · related or exempt $365,846

  • 3 · Investment income

    total $258,782 · excluded $258,782

  • 6a · Gross rents

    real property $40,901

  • 6b · Less rental expenses

    real property $40,901

  • 11a · Other revenue: MISC. REVENUE

    total $10,900 · related or exempt $10,900

  • 11e · Other revenue, total

    $10,900

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $9,729,868

  • 5 · Compensation of officers, directors and key employees

    total $894,682

  • 7 · Other salaries and wages

    total $10,564,827

  • 9 · Other employee benefits

    total $4,153,150

  • 10 · Payroll taxes

    total $796,488

  • 11g · Fees: other

    total $182,680

  • 13 · Office expenses

    total $187,526

  • 14 · Information technology

    total $1,454,778

  • 20 · Interest

    total $7,485,508

  • 22 · Depreciation, depletion and amortization

    total $18,242,872

  • 23 · Insurance

    total $242,085

  • 24a · Other expenses: PURCHASED POWER

    total $97,843,826

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $12,240,423

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $5,103,709

  • 24d · Other expenses: CUSTOMER SERVICE & INFORM

    total $2,215,742

  • 24e · All other expenses

    total $3,157,726

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,857,667 · end of year $2,014,091

  • 4 · Accounts receivable

    beginning of year $17,836,559 · end of year $21,482,354

  • 8 · Inventories for sale or use

    beginning of year $3,123,795 · end of year $3,366,546

  • 9 · Prepaid expenses and deferred charges

    beginning of year $912,469 · end of year $940,115

  • 10a · Land, buildings and equipment: cost or other basis

    $593,699,888

  • 10b · Land, buildings and equipment: accumulated depreciation

    $249,469,045

  • 10c · Land, buildings and equipment, net

    beginning of year $333,716,529 · end of year $344,230,843

  • 13 · Investments: program-related

    beginning of year $11,903,772 · end of year $11,977,373

  • 15 · Other assets

    beginning of year $18,002,925 · end of year $2,044,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,363,622 · end of year $13,655,852

  • 23 · Secured mortgages and notes payable

    beginning of year $193,516,821 · end of year $194,108,178

  • 25 · Other liabilities

    beginning of year $26,002,881 · end of year $21,518,701

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $671,530 · end of year $678,360

  • 31 · Retained earnings, endowment or other funds

    beginning of year $154,798,862 · end of year $156,095,071

Mission and programs · 2025

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

  • TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

  • N/A

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffrey C Brittain

    GENERAL MANA

    Total calculated
    $304,218
    From this org
    $273,835
    From related orgs
    $0
    Other
    $30,383
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $272,679
    Bonus
    $568
    Other
    $588
    Deferred
    not reported
    Nontaxable benefits
    $30,383
    Filer's total
    $304,218

  • S Dirk Burleson

    GENERAL MGR.

    Total calculated
    $287,111
    From this org
    $275,964
    From related orgs
    $0
    Other
    $11,147
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $107,682
    Bonus
    $330
    Other
    $167,952
    Deferred
    not reported
    Nontaxable benefits
    $11,147
    Filer's total
    $287,111

  • Brad Bridges

    DIRECTOR-DIS

    Total calculated
    $254,967
    From this org
    $180,857
    From related orgs
    $0
    Other
    $74,110
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,469
    Bonus
    $944
    Other
    $4,444
    Deferred
    $43,692
    Nontaxable benefits
    $30,418
    Filer's total
    $254,967

  • Tommy W Chapman

    VP-MEMBER &

    Total calculated
    $241,777
    From this org
    $211,149
    From related orgs
    $0
    Other
    $30,628
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,571
    Bonus
    $13,835
    Other
    $4,743
    Deferred
    not reported
    Nontaxable benefits
    $30,628
    Filer's total
    $241,777

  • Thomas Haire

    VP-ENGINEERI

    Total calculated
    $234,733
    From this org
    $179,499
    From related orgs
    $0
    Other
    $55,234
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $174,238
    Bonus
    $901
    Other
    $4,360
    Deferred
    $40,596
    Nontaxable benefits
    $14,638
    Filer's total
    $234,733

  • John W Jones III

    MANAGER OF O

    Total calculated
    $217,906
    From this org
    $150,723
    From related orgs
    $0
    Other
    $67,183
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $146,530
    Bonus
    $422
    Other
    $3,771
    Deferred
    $37,537
    Nontaxable benefits
    $29,646
    Filer's total
    $217,906

  • Colon L Saunders

    VP-OPERATION

    Total calculated
    $211,583
    From this org
    $198,123
    From related orgs
    $0
    Other
    $13,460
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $88,316
    Bonus
    $3,764
    Other
    $106,043
    Deferred
    not reported
    Nontaxable benefits
    $13,460
    Filer's total
    $211,583

  • J Dean Carpenter

    PRESIDENT

    Total calculated
    $38,357
    From this org
    $38,357
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.79

  • Amy P Torvinen

    DIRECTOR

    Total calculated
    $37,761
    From this org
    $37,761
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.92

  • Marcus Mullen

    DIRECTOR

    Total calculated
    $37,686
    From this org
    $37,686
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.16

  • Joseph N Quinn

    DIRECTOR

    Total calculated
    $37,150
    From this org
    $37,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.77

  • Van Samuel Boyd

    DIRECTOR

    Total calculated
    $37,057
    From this org
    $37,057
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.58

  • Jill P Lovell

    ASST. SECRET

    Total calculated
    $36,286
    From this org
    $36,286
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.95

  • Joel Z Wakefield

    DIRECTOR

    Total calculated
    $22,672
    From this org
    $22,672
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.92

  • Robyn Houser

    TREASURER

    Total calculated
    $22,472
    From this org
    $22,472
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Robby R Eurey

    SECRETARY

    Total calculated
    $20,693
    From this org
    $20,693
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.16

  • Timothy E Stowe

    VICE PRESIDE

    Total calculated
    $13,219
    From this org
    $13,219
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.49

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

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
2025
Filed
21 April 2026
IRS schema version
2025v4.0
Source object
202601209349301750

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