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← COOKE COUNTY ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2024

Filed by COOKE COUNTY ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$56,913,004
Total expenses
$56,788,302
Contributions and grants received
$0
Grants paid
$54,328
Program service revenue
$56,500,996
Investment income
$335,718
Other revenue
$76,290
Total assets, end of year
$102,927,908
Total liabilities, end of year
$15,405,531
Net assets or fund balances, end of year
$87,522,377
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 $56,033,433 · related or exempt $56,033,433

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $408,558 · related or exempt $408,558

  • 2c · Program service revenue: SERVICE FEES

    total $58,951 · related or exempt $58,951

  • 2d · Program service revenue: SALES OF WATER

    total $54 · related or exempt $54

  • 3 · Investment income

    total $47,096 · excluded $47,096

  • 7a · Gross sales of assets other than inventory

    other assets $288,788

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

    other assets $166

  • 7c · Gain or loss

    other assets $288,622

  • 7d · Net gain or loss

    total $288,622 · related or exempt $288,622

  • 10a · Gross sales of inventory

    $78

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $78 · excluded $78

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $56,476 · excluded $56,476

  • 11b · Other revenue: BOND SECURITIZATION P'SHIP INCOME

    total $19,736 · related or exempt $19,736

  • 11e · Other revenue, total

    $76,212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $54,328

  • 4 · Benefits paid to or for members

    total $2,693,317

  • 5 · Compensation of officers, directors and key employees

    total $1,091,378

  • 7 · Other salaries and wages

    total $3,290,050

  • 8 · Pension plan contributions

    total $621,533

  • 9 · Other employee benefits

    total $700,030

  • 10 · Payroll taxes

    total $282,509

  • 20 · Interest

    total $216,329

  • 22 · Depreciation, depletion and amortization

    total $3,631,976

  • 24a · Other expenses: PURCHASED POWER

    total $39,052,438

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $3,197,308

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $1,485,386

  • 24d · Other expenses: CONSUMER EXPENSE

    total $422,308

  • 24e · All other expenses

    total $49,412

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,294,708 · end of year $3,872,999

  • 2 · Savings and temporary cash investments

    beginning of year $1,033,505

  • 4 · Accounts receivable

    beginning of year $2,396,186 · end of year $2,434,604

  • 8 · Inventories for sale or use

    beginning of year $2,003,008 · end of year $1,450,182

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,529,492 · end of year $2,708,243

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

    $104,335,703

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

    $44,764,889

  • 10c · Land, buildings and equipment, net

    beginning of year $54,380,749 · end of year $59,570,814

  • 13 · Investments: program-related

    beginning of year $29,753,303 · end of year $30,055,513

  • 15 · Other assets

    beginning of year $2,654,138 · end of year $2,835,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,455,380 · end of year $3,595,528

  • 21 · Escrow or custodial account liability

    beginning of year $210,280 · end of year $526,875

  • 23 · Secured mortgages and notes payable

    beginning of year $865,826 · end of year $5,104,497

  • 25 · Other liabilities

    beginning of year $7,902,230 · end of year $6,178,631

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $86,611,373 · end of year $87,522,377

Mission and programs · 2024

Mission

PROVIDING RELIABLE ENERGY AND PROVEN SERVICE.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

  • SALE OF ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 18,315 ACTIVE SERVICES AT YEAR END.

As filed on the 2024 return.

Listed in Part VII

  • Kenneth Alexander

    PRESIDENT

    Total calculated
    $27,878
    From this org
    $27,878
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

  • Wayne Kyle

    VICE PRESIDENT

    Total calculated
    $28,862
    From this org
    $28,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Gary Dale Lewis Jr

    SECRETARY/TREASURER

    Total calculated
    $26,932
    From this org
    $26,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Don Miller

    DIRECTOR

    Total calculated
    $31,738
    From this org
    $31,738
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Ronnie Felderhoff

    DIRECTOR

    Total calculated
    $38,512
    From this org
    $38,512
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

  • Neil Hesse

    GENERAL MANAGER

    Total calculated
    $349,162
    From this org
    $224,645
    From related orgs
    $0
    Other
    $124,517
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $215,060
    Bonus
    $852
    Other
    $8,733
    Deferred
    $104,039
    Nontaxable benefits
    $20,478
    Filer's total
    $349,162

  • Janet Voth

    DIRECTOR OF FINANCE/OFFICE (JAN)

    Total calculated
    $44,932
    From this org
    $17,899
    From related orgs
    $0
    Other
    $27,033
    Hours/week
    40

  • Daniel Black

    DIRECTOR OF INFORMATION TECHNOLOGY

    Total calculated
    $176,945
    From this org
    $138,554
    From related orgs
    $0
    Other
    $38,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,904
    Bonus
    $910
    Other
    $740
    Deferred
    $18,098
    Nontaxable benefits
    $20,293
    Filer's total
    $176,945

  • Ryan Fuhrmann

    DIRECTOR OF FINANCE/OFFICE

    Total calculated
    $166,550
    From this org
    $142,874
    From related orgs
    $0
    Other
    $23,676
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $141,688
    Bonus
    $910
    Other
    $276
    Deferred
    $12,754
    Nontaxable benefits
    $10,922
    Filer's total
    $166,550

  • Chris Kubis

    DIRECTOR OF SYSTEM OPERATIONS

    Total calculated
    $199,867
    From this org
    $139,533
    From related orgs
    $0
    Other
    $60,334
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $136,904
    Bonus
    $910
    Other
    $1,719
    Deferred
    $40,041
    Nontaxable benefits
    $20,293
    Filer's total
    $199,867

  • Malony Bartush

    DIRECTOR OF HR/COMMUNICATIONS

    Total calculated
    $160,141
    From this org
    $123,142
    From related orgs
    $0
    Other
    $36,999
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $121,915
    Bonus
    $910
    Other
    $317
    Deferred
    $16,497
    Nontaxable benefits
    $20,502
    Filer's total
    $160,141

  • Gary Grewing

    CREW FOREMAN

    Total calculated
    $183,749
    From this org
    $136,194
    From related orgs
    $0
    Other
    $47,555
    Hours/week
    52.7

    Schedule J breakdown matched by us

    Base
    $134,115
    Bonus
    $910
    Other
    $1,169
    Deferred
    $27,948
    Nontaxable benefits
    $19,607
    Filer's total
    $183,749

  • Ronnie Bayer

    LINE SUPERINTENDENT

    Total calculated
    $205,888
    From this org
    $136,978
    From related orgs
    $0
    Other
    $68,910
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,341
    Bonus
    $910
    Other
    $1,727
    Deferred
    $49,630
    Nontaxable benefits
    $19,280
    Filer's total
    $205,888

  • Charles Schilling

    CREW FOREMAN

    Total calculated
    $143,431
    From this org
    $110,672
    From related orgs
    $0
    Other
    $32,759
    Hours/week
    45.9

  • Kamron McMahan

    LINEMAN FIRST CLASS/BUCKET OPERATOR

    Total calculated
    $139,753
    From this org
    $111,475
    From related orgs
    $0
    Other
    $28,278
    Hours/week
    49.8

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 · 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

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. DURING THE YEAR, ONE INDIVIDUAL REPORTED ON FORM 990 PART VII, HESSE, RECEIVED THIS BEENEFIT. ADDITIONALLY, THE VALUE OF THE BENEFIT WAS INCLUDED IN HIS RESPECTIVE REPORTABLE COMPENSATION.
SCHEDULE J, PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. NEIL HESSE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 99,628 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,411 TOTAL REPORTED IN COLUMN C $ 104,039 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (99,628) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 49,740 EXPENSE TO THE COOPERATIVE $ 54,151 RONNIE BAYER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 47,202 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,428 TOTAL REPORTED IN COLUMN C $ 49,630 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (47,202) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 27,451 EXPENSE TO THE COOPERATIVE $ 29,879 CHRIS KUBIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 37,203 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,838 TOTAL REPORTED IN COLUMN C $ 40,041 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (37,203) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 32,058 EXPENSE TO THE COOPERATIVE $ 34,896 GARY GREWING: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 26,049 EMPLOYER CONTRIBUTION TO 401(K) PLAN 1,899 TOTAL REPORTED IN COLUMN C $ 27,948 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (26,049) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 21,335 EXPENSE TO THE COOPERATIVE $ 23,234 DANIEL BLACK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 15,260 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,838 TOTAL REPORTED IN COLUMN C $ 18,098 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (15,260) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 32,058 EXPENSE TO THE COOPERATIVE $ 34,896 RYAN FUHRMANN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 9,916 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,838 TOTAL REPORTED IN COLUMN C $ 12,754 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (9,916) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 32,058 EXPENSE TO THE COOPERATIVE $ 34,896 MALONY BARTUSH: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 13,959 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,538 TOTAL REPORTED IN COLUMN C $ 16,497 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (13,959) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 28,824 EXPENSE TO THE COOPERATIVE $ 31,362

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

  • TEXAS ELECTRIC COOPERATIVE INC

    $7,050

    DONATION FOR YOUTH EVENTS, DOOR PRIZES AND AUCTION ITEMS

  • CASA OF NORTH TEXAS

    $5,462

    EVENT/FUNDRAISING SPONSORSHIPS AND DOOR PRIZES

  • GERMANFEST

    $0

    DONATED NEW PROJECTOR

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.

  • COOKE COUNTY ELECTRIC CHARITABLE FOUNDATION

    501(C)(3) · DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE COOP'S SERVICE AREA · TX · controlled entity

    Directly controlled by COOKE COUNTY ELECTRIC COOPERATIVE ASSOCIATION

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PENTEX ENERGY SOLUTIONS LLC

    SOLAR SALES & INSTALLATIONS · TX · income $121,122 · assets $221,666

    Directly controlled by COOKE COUNTY ELECTRIC COOPERATIVE ASSOC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533229349300428

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