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Nonprofiteer
← SAND MOUNTAIN ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by SAND MOUNTAIN ELECTRIC COOPERATIVE.

Totals

Total revenue
$89,595,976
Total expenses
$86,479,433
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$87,844,468
Investment income
$270,991
Other revenue
$1,480,517
Total assets, end of year
$125,492,463
Total liabilities, end of year
$47,862,573
Net assets or fund balances, end of year
$77,629,890
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$86,479,433

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 $87,844,468 · related or exempt $87,844,468

  • 3 · Investment income

    total $270,991 · related or exempt $270,991

  • 6a · Gross rents

    personal property $1,480,517

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $1,480,517

  • 6d · Net rental income or loss

    total $1,480,517 · related or exempt $1,480,517

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,031,649

  • 7 · Other salaries and wages

    total $7,595,147

  • 20 · Interest

    total $1,400,350

  • 22 · Depreciation, depletion and amortization

    total $6,300,857

  • 24a · Other expenses: COST OF POWER

    total $60,464,623

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $5,459,846

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $3,678,741

  • 24d · Other expenses: TAX EXPENSE

    total $2,694,524

  • 24e · All other expenses

    total -$2,146,304

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $989,544 · end of year $817,115

  • 4 · Accounts receivable

    beginning of year $8,003,979 · end of year $8,910,526

  • 8 · Inventories for sale or use

    beginning of year $1,027,159 · end of year $1,067,927

  • 9 · Prepaid expenses and deferred charges

    beginning of year $693,913 · end of year $742,075

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

    $192,376,564

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

    $81,041,245

  • 10c · Land, buildings and equipment, net

    beginning of year $108,545,544 · end of year $111,335,319

  • 13 · Investments: program-related

    beginning of year $2,533,819 · end of year $2,619,501

  • 15 · Other assets

    beginning of year $1,613 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,049,117 · end of year $14,441,570

  • 23 · Secured mortgages and notes payable

    beginning of year $28,459,424 · end of year $27,418,819

  • 25 · Other liabilities

    beginning of year $5,755,828 · end of year $6,002,184

  • 29 · Capital stock, trust principal or current funds

    beginning of year $554,050 · end of year $563,480

  • 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 $73,977,152 · end of year $77,066,410

Mission and programs · 2024

Mission

TO PROVIDE ELECTRIC SERVICE TO THE PEOPLE IN RURAL AREAS AT THE LOWEST COST POSSIBLE, CONSISTENT WITH SOUND BUSINESS PRACTICES.

Activities or mission (Part I)

THE COOPERATIVE PROVIDES ELECTRICITY TO ITS MEMBERS

  • TO PROVIDE ELECTRICITY TO ITS 33,755 CUSTOMERS.

    Expenses $86,479,433 · Revenue $87,844,468

As filed on the 2024 return.

Listed in Part VII

  • David Henderson

    PRESIDENT

    Total calculated
    $22,749
    From this org
    $22,749
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Larry G Godwin

    VICE-PRESIDENT

    Total calculated
    $32,884
    From this org
    $32,884
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Brad Gilbert

    TRUSTEE

    Total calculated
    $36,211
    From this org
    $36,211
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Roland Hendon

    SECRETARY/TREASURER

    Total calculated
    $24,697
    From this org
    $24,697
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Danny Lacey

    TRUSTEE

    Total calculated
    $34,461
    From this org
    $34,461
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Luke Freeman

    TRUSTEE

    Total calculated
    $22,749
    From this org
    $22,749
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Randy L Bailey

    TRUSTEE

    Total calculated
    $36,211
    From this org
    $36,211
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Terry Smith

    TRUSTEE

    Total calculated
    $25,499
    From this org
    $25,499
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Brent Thomas

    TRUSTEE

    Total calculated
    $18,936
    From this org
    $18,936
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Joseph Bates

    CEO/GENERAL MANAGER

    Total calculated
    $189,829
    From this org
    $161,981
    From related orgs
    $0
    Other
    $27,848
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $161,981
    Bonus
    $0
    Other
    $0
    Deferred
    $25,639
    Nontaxable benefits
    $2,209
    Filer's total
    $189,829

  • Tyler Cooper

    CFO/MANAGER OF FINANCE

    Total calculated
    $203,037
    From this org
    $161,027
    From related orgs
    $0
    Other
    $42,010
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $161,027
    Bonus
    $0
    Other
    $0
    Deferred
    $15,643
    Nontaxable benefits
    $26,367
    Filer's total
    $203,037

  • Kevin Anderson

    COO

    Total calculated
    $384,386
    From this org
    $222,089
    From related orgs
    $0
    Other
    $162,297
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $222,089
    Bonus
    $0
    Other
    $0
    Deferred
    $135,930
    Nontaxable benefits
    $26,367
    Filer's total
    $384,386

  • Diane B Hale

    MANAGER OF MEMBER SERVICES

    Total calculated
    $206,920
    From this org
    $145,627
    From related orgs
    $0
    Other
    $61,293
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $145,627
    Bonus
    $0
    Other
    $0
    Deferred
    $34,926
    Nontaxable benefits
    $26,367
    Filer's total
    $206,920

  • Larry Coots

    SUPERINTENDENT OF OPERATIONS

    Total calculated
    $169,024
    From this org
    $149,664
    From related orgs
    $0
    Other
    $19,360
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $149,664
    Bonus
    $0
    Other
    $0
    Deferred
    $17,151
    Nontaxable benefits
    $2,209
    Filer's total
    $169,024

  • Joey Dalton

    JOURNEYMAN LINEMAN

    Total calculated
    $205,290
    From this org
    $144,103
    From related orgs
    $0
    Other
    $61,187
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $144,103
    Bonus
    $0
    Other
    $0
    Deferred
    $34,820
    Nontaxable benefits
    $26,367
    Filer's total
    $205,290

  • Randy D Moody

    JOURNEYMAN LINEMAN

    Total calculated
    $216,973
    From this org
    $155,383
    From related orgs
    $0
    Other
    $61,590
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $155,383
    Bonus
    $0
    Other
    $0
    Deferred
    $35,223
    Nontaxable benefits
    $26,367
    Filer's total
    $216,973

  • Derrick Paddock

    JOURNEYMAN LINEMAN

    Total calculated
    $169,754
    From this org
    $146,857
    From related orgs
    $0
    Other
    $22,897
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $146,857
    Bonus
    $0
    Other
    $0
    Deferred
    $20,688
    Nontaxable benefits
    $2,209
    Filer's total
    $169,754

  • Leo Bomian

    FORMER TRUSTEE

    Total calculated
    $13,014
    From this org
    $13,014
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $13,014
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,014

  • Raymond Long

    FORMER SECRETARY/TREASURER

    Total calculated
    $16,182
    From this org
    $16,182
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $16,182
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $16,182

  • Mark Malone

    FORMER CEO/GENERAL MANAGER

    Total calculated
    $385,146
    From this org
    $282,812
    From related orgs
    $0
    Other
    $102,334
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $282,812
    Bonus
    $0
    Other
    $0
    Deferred
    $75,967
    Nontaxable benefits
    $26,367
    Filer's total
    $385,146

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 · 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
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202523079349302862

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