Totals
- Total revenue
- $27,022,838
- Total expenses
- $26,562,459
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $26,693,793
- Investment income
- $180,516
- Other revenue
- $148,529
- Total assets, end of year
- $75,065,451
- Total liabilities, end of year
- $50,296,661
- Net assets or fund balances, end of year
- $24,768,790
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $26,562,459
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: Residential sales
total $19,704,048 · related or exempt $19,704,048
-
2b · Program service revenue: Rent from electric property
total $3,571,327 · related or exempt $3,571,327
-
2c · Program service revenue: Small lighting & power sales
total $2,348,434 · related or exempt $2,348,434
-
2d · Program service revenue: Large lighting & power sales
total $1,966,838 · related or exempt $1,966,838
-
2e · Program service revenue: FD Connect
total $1,697,690 · related or exempt $1,697,690
-
2f · All other program service revenue
total -$2,594,544 · related or exempt -$2,594,544
-
3 · Investment income
total $174,331 · excluded $174,331
-
7a · Gross sales of assets other than inventory
other assets $62,415
-
7b · Less cost or other basis and sales expenses
other assets $56,230
-
7c · Gain or loss
other assets $6,185
-
7d · Net gain or loss
total $6,185 · related or exempt $6,185
-
11a · Other revenue: Forfeited discounts
total $144,334 · related or exempt $144,334
-
11b · Other revenue: Income from jobbing
total $3,958 · related or exempt $3,958
-
11c · Other revenue: Other electric service
total $237 · related or exempt $237
-
11e · Other revenue, total
$148,529
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $315,292
-
7 · Other salaries and wages
total $739,199
-
11a · Fees: management
total $18,375
-
11b · Fees: legal
total $8,179
-
11c · Fees: accounting
total $29,600
-
11g · Fees: other
total $102,754
-
12 · Advertising and promotion
total $183,627
-
13 · Office expenses
total $292,126
-
14 · Information technology
total $656,549
-
16 · Occupancy
total $77,661
-
20 · Interest
total $1,557,133
-
22 · Depreciation, depletion and amortization
total $2,874,590
-
24a · Other expenses: Purchased power
total $15,484,403
-
24b · Other expenses: Distribution (maintenan
total $3,133,255
-
24c · Other expenses: FD Connect Operations
total $1,830,625
-
24d · Other expenses: Distribution (operation
total $1,668,660
-
24e · All other expenses
total -$2,409,569
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,991,842 · end of year $4,483,112
-
4 · Accounts receivable
beginning of year $2,429,044 · end of year $2,555,898
-
8 · Inventories for sale or use
beginning of year $1,209,721 · end of year $1,373,425
-
9 · Prepaid expenses and deferred charges
beginning of year $160,812 · end of year $240,744
-
10a · Land, buildings and equipment: cost or other basis
$87,708,076
-
10b · Land, buildings and equipment: accumulated depreciation
$23,212,031
-
10c · Land, buildings and equipment, net
beginning of year $59,453,351 · end of year $64,496,045
-
12 · Investments: other securities
beginning of year $325,017 · end of year $621,396
-
15 · Other assets
beginning of year $1,420,790 · end of year $1,294,831
-
17 · Accounts payable and accrued expenses
beginning of year $2,357,998 · end of year $2,982,698
-
23 · Secured mortgages and notes payable
beginning of year $37,309,971 · end of year $44,423,904
-
25 · Other liabilities
beginning of year $3,014,352 · end of year $2,890,059
-
29 · Capital stock, trust principal or current funds
beginning of year $61,060 · end of year $61,215
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $1,692,177 · end of year $1,692,177
-
31 · Retained earnings, endowment or other funds
beginning of year $22,555,019 · end of year $23,015,398
Mission and programs · 2024
Mission
Provides electricity as well as retail broadband and telephone services to cooperative members.
-
Forked Deer Electric is a utility provider that generates sales from sales of power to the cooperative members. Revenues are used to offset purchases of power.
Expenses $24,689,767 · Revenue $25,150,817
-
Forked Deer Connect is a communications provider with the purpose to provide retail broadband and telephone services to cooperative members.
Expenses $1,872,692 · Revenue $1,697,690
As filed on the 2024 return.
Listed in Part VII
-
Keith Warren
President
- Total calculated
- $6,750
- From this org
- $6,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ronnie Fisher
Vice President
- Total calculated
- $10,350
- From this org
- $10,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ronnie Roberts
Secretary/Treasurer
- Total calculated
- $5,250
- From this org
- $5,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Scotty Nash
Director
- Total calculated
- $7,050
- From this org
- $7,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Wally Childress
Director
- Total calculated
- $6,450
- From this org
- $6,450
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Johnnie Finley
Director
- Total calculated
- $6,418
- From this org
- $6,418
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Mike Harris
Director
- Total calculated
- $4,650
- From this org
- $4,650
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Don Smith
Director
- Total calculated
- $4,950
- From this org
- $4,950
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ron Weir
Director
- Total calculated
- $6,450
- From this org
- $6,450
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jeffery Newman
General Manager
- Total calculated
- $211,240
- From this org
- $211,240
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,240
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $211,240
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 · 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
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523229349301727
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