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Nonprofiteer
← WIRE GRASS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by WIRE GRASS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$63,439,139
Total expenses
$63,439,139
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$62,065,103
Investment income
$590,706
Other revenue
$783,330
Total assets, end of year
$171,139,685
Total liabilities, end of year
$86,505,794
Net assets or fund balances, end of year
$84,633,891
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 $60,966,116 · related or exempt $60,966,116

  • 2b · Program service revenue: Patronage Dividends

    total $1,098,987 · related or exempt $1,098,987

  • 3 · Investment income

    total $595,358 · excluded $595,358

  • 6a · Gross rents

    personal property $588,312

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $588,312

  • 6d · Net rental income or loss

    total $588,312 · excluded $588,312

  • 7a · Gross sales of assets other than inventory

    other assets $285,084

  • 7b · Less cost or other basis and sales expenses

    other assets $289,736

  • 7c · Gain or loss

    other assets -$4,652

  • 7d · Net gain or loss

    total -$4,652 · related or exempt -$4,652

  • 11a · Other revenue: Sanitation Billing Fee

    total $195,018 · unrelated business $195,018

  • 11e · Other revenue, total

    $195,018

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,313,854

  • 5 · Compensation of officers, directors and key employees

    total $1,952,646

  • 20 · Interest

    total $2,482,384

  • 22 · Depreciation, depletion and amortization

    total $4,927,733

  • 24a · Other expenses: Cost of Power

    total $38,570,055

  • 24b · Other expenses: Dist Exp - Maintenance

    total $4,229,767

  • 24c · Other expenses: Dist Exp - Operations

    total $3,079,252

  • 24d · Other expenses: Customer Accounts Exp

    total $2,597,049

  • 24e · All other expenses

    total $3,286,399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,683,654 · end of year $11,970,863

  • 2 · Savings and temporary cash investments

    beginning of year $72,755 · end of year $1,076,048

  • 4 · Accounts receivable

    beginning of year $6,163,211 · end of year $5,917,300

  • 8 · Inventories for sale or use

    beginning of year $1,456,431 · end of year $1,570,568

  • 9 · Prepaid expenses and deferred charges

    beginning of year $247,973 · end of year $252,598

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

    $154,132,863

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

    $32,617,881

  • 10c · Land, buildings and equipment, net

    beginning of year $115,663,734 · end of year $121,514,982

  • 13 · Investments: program-related

    beginning of year $28,413,743 · end of year $28,837,326

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,029,812 · end of year $6,408,387

  • 19 · Deferred revenue

    beginning of year $3,200,000 · end of year $2,500,000

  • 23 · Secured mortgages and notes payable

    beginning of year $67,326,260 · end of year $74,973,839

  • 25 · Other liabilities

    beginning of year $2,501,531 · end of year $2,623,568

  • 29 · Capital stock, trust principal or current funds

    beginning of year $97,080 · end of year $98,850

  • 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 $80,546,818 · end of year $84,535,041

Mission and programs · 2024

Mission

Wiregrass Electric Cooperative is a distribution cooperative, providing electricity to its members at cost. Margins are assigned to members each year and returned in the form of capital credit retirements as the cooperative is financially able.

Activities or mission (Part I)

To provide electric utility service to cooperative members.

  • Utilizing approximately 3,272 miles of electric distribution lines, Wiregrass Electric Cooperative provided 409,035,776 Kilowatt hours of electric energy to over 19,500 consumer-members in Houston and Geneva Counties in Alabama and parts of Dale, Coffee, Henry, and Covington Counties.

As filed on the 2024 return.

Listed in Part VII

  • John Clark

    Trustee

    Total calculated
    $16,439
    From this org
    $16,439
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Debra Baxley

    Trustee - Secretary

    Total calculated
    $17,111
    From this org
    $17,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Ford Justice

    Trustee - President

    Total calculated
    $17,092
    From this org
    $17,092
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • David Winstead

    Trustee

    Total calculated
    $15,989
    From this org
    $15,989
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Gregory McCullough

    Former Trustee

    Total calculated
    $13,934
    From this org
    $13,934
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Danny B McNeil

    Trustee

    Total calculated
    $16,896
    From this org
    $16,896
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Tracy Reeder

    Trustee

    Total calculated
    $16,440
    From this org
    $16,440
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Donald Ray Wilks

    Trustee

    Total calculated
    $16,476
    From this org
    $16,476
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Randy Odom

    Trustee - Vice President

    Total calculated
    $16,570
    From this org
    $16,570
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Casandra Morris

    Trustee

    Total calculated
    $3,618
    From this org
    $3,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Leslie Moreland

    Former Chief Executive Officer

    Total calculated
    $303,185
    From this org
    $245,216
    From related orgs
    $0
    Other
    $57,969
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $235,480
    Bonus
    $0
    Other
    $9,736
    Deferred
    $31,649
    Nontaxable benefits
    $26,320
    Filer's total
    $303,185

  • Brad Kimbro

    Chief Executive Officer

    Total calculated
    $305,472
    From this org
    $238,458
    From related orgs
    $0
    Other
    $67,014
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $236,456
    Bonus
    $0
    Other
    $2,002
    Deferred
    $50,460
    Nontaxable benefits
    $16,554
    Filer's total
    $305,472

  • Jason Thrash

    VP of Engineering & Operat

    Total calculated
    $266,658
    From this org
    $194,140
    From related orgs
    $0
    Other
    $72,518
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $193,577
    Bonus
    $0
    Other
    $563
    Deferred
    $45,284
    Nontaxable benefits
    $27,234
    Filer's total
    $266,658

  • Lisa LeNoir

    Former Chief Finance Officer

    Total calculated
    $358,439
    From this org
    $259,644
    From related orgs
    $0
    Other
    $98,795
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $259,307
    Bonus
    $0
    Other
    $337
    Deferred
    $27,840
    Nontaxable benefits
    $70,955
    Filer's total
    $358,439

  • Steven Sauls

    VP of Member Services

    Total calculated
    $194,593
    From this org
    $150,233
    From related orgs
    $0
    Other
    $44,360
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,628
    Bonus
    $0
    Other
    $605
    Deferred
    $25,237
    Nontaxable benefits
    $19,123
    Filer's total
    $194,593

  • Bethany Retherford

    VP of HR & Admin Services

    Total calculated
    $194,555
    From this org
    $141,321
    From related orgs
    $0
    Other
    $53,234
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,059
    Bonus
    $0
    Other
    $262
    Deferred
    $25,606
    Nontaxable benefits
    $27,628
    Filer's total
    $194,555

  • Misti Dixon

    VP of Accounting

    Total calculated
    $179,179
    From this org
    $127,234
    From related orgs
    $0
    Other
    $51,945
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $127,023
    Bonus
    $0
    Other
    $211
    Deferred
    $25,423
    Nontaxable benefits
    $26,522
    Filer's total
    $179,179

  • Jason Grooms

    Serviceman

    Total calculated
    $167,479
    From this org
    $141,020
    From related orgs
    $0
    Other
    $26,459
    Hours/week
    56

    Schedule J breakdown matched by us

    Base
    $140,802
    Bonus
    $0
    Other
    $218
    Deferred
    $25,157
    Nontaxable benefits
    $1,302
    Filer's total
    $167,479

  • Chad Sorrells

    Serviceman

    Total calculated
    $182,675
    From this org
    $131,243
    From related orgs
    $0
    Other
    $51,432
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $131,025
    Bonus
    $0
    Other
    $218
    Deferred
    $24,936
    Nontaxable benefits
    $26,496
    Filer's total
    $182,675

  • Joey Brown

    Manager of Operations

    Total calculated
    $162,923
    From this org
    $131,534
    From related orgs
    $0
    Other
    $31,389
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $130,586
    Bonus
    $0
    Other
    $948
    Deferred
    $5,344
    Nontaxable benefits
    $26,045
    Filer's total
    $162,923

  • Robbie Daniels

    Former Manager of Corporate Services

    Total calculated
    $202,052
    From this org
    $155,103
    From related orgs
    $0
    Other
    $46,949
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $154,779
    Bonus
    $0
    Other
    $324
    Deferred
    $24,754
    Nontaxable benefits
    $22,195
    Filer's total
    $202,052

  • Ryan Tate

    Manager of Engineering

    Total calculated
    $195,370
    From this org
    $138,817
    From related orgs
    $0
    Other
    $56,553
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $138,600
    Bonus
    $0
    Other
    $217
    Deferred
    $29,868
    Nontaxable benefits
    $26,685
    Filer's total
    $195,370

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 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202523049349302237

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