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Nonprofiteer
← LAMB COUNTY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by LAMB COUNTY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$30,578,325
Total expenses
$30,556,412
Contributions and grants received
$0
Grants paid
$21,723
Program service revenue
$30,390,070
Investment income
$138,924
Other revenue
$49,331
Total assets, end of year
$90,011,404
Total liabilities, end of year
$31,655,557
Net assets or fund balances, end of year
$58,355,847
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: SALES OF ELECTRICITY

    total $28,493,016 · related or exempt $28,493,016

  • 2b · Program service revenue: PATRONAGE CAPITAL

    total $1,895,589 · related or exempt $1,895,589

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $1,465 · related or exempt $1,465

  • 3 · Investment income

    total $138,924 · excluded $138,924

  • 6a · Gross rents

    personal property $6,373

  • 6b · Less rental expenses

    personal property $4,430

  • 6c · Rental income or loss

    personal property $1,943

  • 6d · Net rental income or loss

    total $1,943 · unrelated business $1,943

  • 10a · Gross sales of inventory

    $55,594

  • 10b · Cost of goods sold

    $19,401

  • 10c · Net income from sales of inventory

    total $36,193 · related or exempt $36,193

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $11,195 · excluded $11,195

  • 11e · Other revenue, total

    $11,195

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,723

  • 4 · Benefits paid to or for members

    total $2,661,952

  • 5 · Compensation of officers, directors and key employees

    total $550,930

  • 7 · Other salaries and wages

    total $2,686,922

  • 8 · Pension plan contributions

    total $173,004

  • 9 · Other employee benefits

    total $718,452

  • 10 · Payroll taxes

    total $237,303

  • 20 · Interest

    total $1,131,434

  • 22 · Depreciation, depletion and amortization

    total $2,607,758

  • 24a · Other expenses: PURCHASED POWER

    total $16,695,331

  • 24b · Other expenses: ADMIN & GENERAL EXPENSE

    total $1,707,124

  • 24c · Other expenses: DISTRIBUTION EXPENSE

    total $1,297,034

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $23,251

  • 24e · All other expenses

    total $44,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $617,252 · end of year $560,000

  • 2 · Savings and temporary cash investments

    beginning of year $2,522,345 · end of year $714,383

  • 4 · Accounts receivable

    beginning of year $1,297,407 · end of year $1,657,350

  • 8 · Inventories for sale or use

    beginning of year $452,711 · end of year $408,905

  • 9 · Prepaid expenses and deferred charges

    beginning of year $156,279 · end of year $159,842

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

    $97,243,253

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

    $52,513,025

  • 10c · Land, buildings and equipment, net

    beginning of year $44,495,712 · end of year $44,730,228

  • 13 · Investments: program-related

    beginning of year $40,973,137 · end of year $41,688,173

  • 15 · Other assets

    beginning of year $70,171 · end of year $92,523

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,199,471 · end of year $2,090,985

  • 21 · Escrow or custodial account liability

    beginning of year $73,259 · end of year $80,220

  • 23 · Secured mortgages and notes payable

    beginning of year $27,664,180 · end of year $25,929,766

  • 25 · Other liabilities

    beginning of year $2,821,402 · end of year $3,554,586

  • 29 · Capital stock, trust principal or current funds

    beginning of year $11,685 · end of year $11,595

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $57,815,017 · end of year $58,344,252

Mission and programs · 2025

Mission

NONE

Activities or mission (Part I)

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

  • SALES OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 11,657 ACTIVE SERVICES AT YEAR END.

As filed on the 2025 return.

Listed in Part VII

  • Doug Criswell

    VICE-PRESIDENT

    Total calculated
    $26,721
    From this org
    $26,721
    From related orgs
    $0
    Other
    $0
    Hours/week
    19.7 + 1 related

  • Cole Garner

    DIRECTOR

    Total calculated
    $24,901
    From this org
    $24,901
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.8 + 1 related

  • Paul Pinkert

    DIRECTOR

    Total calculated
    $27,510
    From this org
    $27,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.1 + 1 related

  • Marvin Matthews

    PRESIDENT

    Total calculated
    $24,903
    From this org
    $24,903
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 1 related

  • Michael Ramage

    DIRECTOR

    Total calculated
    $25,581
    From this org
    $25,581
    From related orgs
    $0
    Other
    $0
    Hours/week
    6 + 1 related

  • Kevin Humphreys

    SECRETARY/TREASURER

    Total calculated
    $24,922
    From this org
    $24,922
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 1 related

  • Danny West

    DIRECTOR

    Total calculated
    $25,400
    From this org
    $25,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5 + 1 related

  • Richard Moore

    GENERAL MANAGER/CEO

    Total calculated
    $196,988
    From this org
    $163,008
    From related orgs
    $0
    Other
    $33,980
    Hours/week
    55 + 1 related

    Schedule J breakdown matched by us

    Base
    $160,764
    Bonus
    $1,000
    Other
    $1,244
    Deferred
    $13,125
    Nontaxable benefits
    $20,855
    Filer's total
    $196,988

  • Tracy Bowman

    OFFICE MANAGER

    Total calculated
    $174,004
    From this org
    $149,572
    From related orgs
    $0
    Other
    $24,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,123
    Bonus
    $1,000
    Other
    $7,449
    Deferred
    $10,856
    Nontaxable benefits
    $13,576
    Filer's total
    $174,004

  • James Ingle

    ENGINEERING MANAGER

    Total calculated
    $177,013
    From this org
    $154,523
    From related orgs
    $0
    Other
    $22,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,482
    Bonus
    $3,200
    Other
    $16,841
    Deferred
    $10,164
    Nontaxable benefits
    $12,326
    Filer's total
    $177,013

  • Michael McDaniel

    OPERATIONS MANAGER

    Total calculated
    $173,527
    From this org
    $148,799
    From related orgs
    $0
    Other
    $24,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,472
    Bonus
    $2,000
    Other
    $9,327
    Deferred
    $10,492
    Nontaxable benefits
    $14,236
    Filer's total
    $173,527

  • Kathryn Shipp

    ADMINISTRATIVE MANAGER

    Total calculated
    $175,792
    From this org
    $145,070
    From related orgs
    $0
    Other
    $30,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,685
    Bonus
    $1,000
    Other
    $8,385
    Deferred
    $11,117
    Nontaxable benefits
    $19,605
    Filer's total
    $175,792

  • Floyd Trevino

    ENGINEERING TECH SUPERINTE

    Total calculated
    $157,808
    From this org
    $128,803
    From related orgs
    $0
    Other
    $29,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,462
    Bonus
    $6,000
    Other
    $10,341
    Deferred
    $9,400
    Nontaxable benefits
    $19,605
    Filer's total
    $157,808

  • Oscar Zapata

    MAINENANCE SUPERINTENDENT

    Total calculated
    $153,754
    From this org
    $131,450
    From related orgs
    $0
    Other
    $22,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,731
    Bonus
    $3,200
    Other
    $6,519
    Deferred
    $9,318
    Nontaxable benefits
    $12,986
    Filer's total
    $153,754

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
TRAVEL FOR COMPANIONS - PURSUANT TO APPLICABLE TRAVEL POLICIES, THE COOPERATIVE WILL REIMBURSE DIRECTORS AND EMPLOYEES FOR THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. JAMES INGLE REPORTED ON FORM 990, PART VII, RECEIVED THIS BENEFIT DURING THE YEAR.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RURAL VISION DEVELOPMENT CORPORATION

    C · WASTE MANAGEMENT ROLL OFF SERVICES · TX · 100% owned · share of income $9,971 · share of assets $269,806 · controlled entity

    Directly controlled by LAMB COUNTY ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2025
Filed
14 July 2026
IRS schema version
2025v4.2
Source object
202621959349302182

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