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Nonprofiteer
← CENTRAL ALABAMA ELECTRIC COOPERATIVE

Form 990 for tax year 2025

Filed by CENTRAL ALABAMA ELECTRIC COOPERATIVE.

Totals

Total revenue
$143,216,520
Total expenses
$135,069,748
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$127,881,766
Investment income
$183,075
Other revenue
$15,151,679
Total assets, end of year
$512,511,952
Total liabilities, end of year
$371,338,303
Net assets or fund balances, end of year
$141,173,649
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 SALES

    total $126,638,086 · excluded $126,638,086

  • 2b · Program service revenue: POLE ATTACHMENTS

    total $1,243,680 · excluded $1,243,680

  • 3 · Investment income

    total $183,075 · excluded $183,075

  • 6a · Gross rents

    real property $9,868,520

  • 6c · Rental income or loss

    real property $9,868,520

  • 6d · Net rental income or loss

    total $9,868,520 · unrelated business $9,868,520

  • 11a · Other revenue: CAPITAL CREDITS

    total $4,703,589 · excluded $4,703,589

  • 11b · Other revenue: E.I. 90-0025341

    total $450,608 · excluded $450,608

  • 11c · Other revenue: OTHER NON OPERATING INCOME

    total $128,962 · excluded $128,962

  • 11e · Other revenue, total

    $5,283,159

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,041,532

  • 5 · Compensation of officers, directors and key employees

    total $2,118,601

  • 7 · Other salaries and wages

    total $934,699

  • 20 · Interest

    total $14,788,054

  • 22 · Depreciation, depletion and amortization

    total $13,401,621

  • 24a · Other expenses: COST OF POWER

    total $70,108,446

  • 24b · Other expenses: DISTRIBUTION- MAINTENANCE

    total $12,844,188

  • 24c · Other expenses: ADMINISTRATIVE & GENERAL

    total $8,016,313

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $5,444,432

  • 24e · All other expenses

    total $6,371,862

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,621,352 · end of year $583,710

  • 4 · Accounts receivable

    beginning of year $30,341,472 · end of year $47,640,066

  • 8 · Inventories for sale or use

    beginning of year $4,932,784 · end of year $4,657,222

  • 9 · Prepaid expenses and deferred charges

    beginning of year $980,229 · end of year $801,549

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

    $476,268,947

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

    $91,870,813

  • 10c · Land, buildings and equipment, net

    beginning of year $356,267,203 · end of year $384,398,134

  • 13 · Investments: program-related

    beginning of year $62,693,244 · end of year $65,977,506

  • 14 · Intangible assets

    beginning of year $9,834,733 · end of year $8,453,765

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,217,588 · end of year $13,301,313

  • 23 · Secured mortgages and notes payable

    beginning of year $290,016,297 · end of year $324,938,996

  • 25 · Other liabilities

    beginning of year $32,436,055 · end of year $33,097,994

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

    beginning of year $185,370 · end of year $187,335

  • 31 · Retained earnings, endowment or other funds

    beginning of year $132,815,707 · end of year $140,986,314

Mission and programs · 2025

Mission

TO PROVIDE UTILITY SERVICE TO COOPERATIVE MEMBERS.

  • PROVIDED ELECTRIC UTILITY SERVICE TO APPROXIMATELY 37,043 COOPERATIVE MEMBERS.

  • PROVIDED ELECTRIC UTILITY SERVICE TO APPROXIMATELY 37,043 COOPERATIVE MEMBERS.

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

Listed in Part VII

  • Thomas Stackhouse

    PRESIDENT/CE

    Total calculated
    $598,287
    From this org
    $499,631
    From related orgs
    $0
    Other
    $98,656
    Hours/week
    55 + 15 related

    Schedule J breakdown matched by us

    Base
    $491,678
    Bonus
    not reported
    Other
    $7,953
    Deferred
    $70,403
    Nontaxable benefits
    $28,253
    Filer's total
    $598,287

  • Julie Young

    VP BUSINESS

    Total calculated
    $444,505
    From this org
    $253,374
    From related orgs
    $0
    Other
    $191,131
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $245,976
    Bonus
    not reported
    Other
    $7,398
    Deferred
    $179,865
    Nontaxable benefits
    $11,266
    Filer's total
    $444,505

  • Aaron Ismail

    VP CUSTOMER/

    Total calculated
    $395,418
    From this org
    $238,986
    From related orgs
    $0
    Other
    $156,432
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,176
    Bonus
    not reported
    Other
    $810
    Deferred
    $128,063
    Nontaxable benefits
    $28,369
    Filer's total
    $395,418

  • Damali Clark

    VP CORP/FINA

    Total calculated
    $384,709
    From this org
    $243,215
    From related orgs
    $0
    Other
    $141,494
    Hours/week
    35 + 15 related

    Schedule J breakdown matched by us

    Base
    $241,973
    Bonus
    not reported
    Other
    $1,242
    Deferred
    $127,645
    Nontaxable benefits
    $13,849
    Filer's total
    $384,709

  • Scott Lee

    MGR-IT

    Total calculated
    $324,924
    From this org
    $195,488
    From related orgs
    $0
    Other
    $129,436
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $191,924
    Bonus
    not reported
    Other
    $3,564
    Deferred
    $102,427
    Nontaxable benefits
    $27,009
    Filer's total
    $324,924

  • James Gray

    VP ENGINEER/

    Total calculated
    $322,440
    From this org
    $249,222
    From related orgs
    $0
    Other
    $73,218
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $246,282
    Bonus
    not reported
    Other
    $2,940
    Deferred
    $47,258
    Nontaxable benefits
    $25,960
    Filer's total
    $322,440

  • Walton C Montgomery

    VP CENTRAL A

    Total calculated
    $279,578
    From this org
    $197,573
    From related orgs
    $0
    Other
    $82,005
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $194,591
    Bonus
    not reported
    Other
    $2,982
    Deferred
    $55,205
    Nontaxable benefits
    $26,800
    Filer's total
    $279,578

  • Randall Morgan

    MGR-OPERATIO

    Total calculated
    $275,574
    From this org
    $185,796
    From related orgs
    $0
    Other
    $89,778
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $182,885
    Bonus
    not reported
    Other
    $2,911
    Deferred
    $63,485
    Nontaxable benefits
    $26,293
    Filer's total
    $275,574

  • Joel Collier

    MGR-OPERATIO

    Total calculated
    $274,467
    From this org
    $195,287
    From related orgs
    $0
    Other
    $79,180
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $192,301
    Bonus
    not reported
    Other
    $2,986
    Deferred
    $64,425
    Nontaxable benefits
    $14,755
    Filer's total
    $274,467

  • Connie Bainbridge

    MGR-ECON/DEV

    Total calculated
    $244,270
    From this org
    $182,223
    From related orgs
    $0
    Other
    $62,047
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $177,684
    Bonus
    not reported
    Other
    $4,539
    Deferred
    $49,869
    Nontaxable benefits
    $12,178
    Filer's total
    $244,270

  • Jerri Grant

    MGR-HUMAN RE

    Total calculated
    $237,720
    From this org
    $175,905
    From related orgs
    $0
    Other
    $61,815
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $175,419
    Bonus
    not reported
    Other
    $486
    Deferred
    $36,919
    Nontaxable benefits
    $24,896
    Filer's total
    $237,720

  • Mark Gray

    VICE-CHAIRMA

    Total calculated
    $52,000
    From this org
    $52,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Terry Mitchell

    TRUSTEE

    Total calculated
    $48,700
    From this org
    $48,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • Charles Byrd

    TRUSTEE

    Total calculated
    $47,600
    From this org
    $47,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 1 related

  • Chase Riddle

    TRUSTEE

    Total calculated
    $45,400
    From this org
    $45,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    6 + 6 related

  • Nicole Law

    SECRETARY/TR

    Total calculated
    $44,400
    From this org
    $44,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Van Smith

    TRUSTEE

    Total calculated
    $42,650
    From this org
    $42,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 1 related

  • James Parnell

    TRUSTEE

    Total calculated
    $39,900
    From this org
    $39,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Mike Lamar

    TRUSTEE

    Total calculated
    $39,450
    From this org
    $39,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    14

  • Mark Presnell

    CHAIRMAN

    Total calculated
    $39,150
    From this org
    $39,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Justin Barrett

    TRUSTEE

    Total calculated
    $37,350
    From this org
    $37,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 1 related

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 · Independent compensation consultant
  • 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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • COOPERATIVE UTILITY SERVICES LLC

    RELATED · UTILITY MT · AL · share of income $529,578 · share of assets $5,911,049 · general or managing partner

Related corporations and trusts

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

  • CENTRAL ALABAMA COOP SERVICES

    ECON. DEV. · AL

  • CENTRAL ACCESS INC

    BROADBAND · AL

Provenance

Return type
form_990
Tax year
2025
Filed
8 May 2026
IRS schema version
2025v4.0
Source object
202611489349300791

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