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← LOGAN COUNTY COOPERATIVE POWER AND LIGHT ASSOCIATION INC

Form 990 for tax year 2024

Filed by LOGAN COUNTY COOPERATIVE POWER AND LIGHT ASSOCIATION INC.

Totals

Total revenue
$22,932,813
Total expenses
$22,932,813
Contributions and grants received
$0
Grants paid
$25,283
Program service revenue
$22,416,430
Investment income
$21,888
Other revenue
$494,495
Total assets, end of year
$45,390,571
Total liabilities, end of year
$21,537,920
Net assets or fund balances, end of year
$23,852,651
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: ELECTRICITY

    total $22,416,430 · related or exempt $22,416,430

  • 3 · Investment income

    total $17,763 · excluded $17,763

  • 6a · Gross rents

    real property $83,853

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $83,853

  • 6d · Net rental income or loss

    total $83,853 · related or exempt $83,853

  • 7a · Gross sales of assets other than inventory

    other assets $4,125

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

    other assets $0

  • 7c · Gain or loss

    other assets $4,125

  • 7d · Net gain or loss

    total $4,125 · excluded $4,125

  • 11a · Other revenue: GENERATION & TRANSMISSION COOP C

    total $365,893 · excluded $365,893

  • 11b · Other revenue: OTHER CAPITAL CREDITS

    total $44,749 · excluded $44,749

  • 11e · Other revenue, total

    $410,642

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,283

  • 4 · Benefits paid to or for members

    total $642,887

  • 5 · Compensation of officers, directors and key employees

    total $786,823

  • 6 · Compensation of disqualified persons

    total $1,137,771

  • 8 · Pension plan contributions

    total $363,011

  • 9 · Other employee benefits

    total $27,252

  • 10 · Payroll taxes

    total $417,048

  • 11b · Fees: legal

    total $7,424

  • 11c · Fees: accounting

    total $27,750

  • 11g · Fees: other

    total $177,707

  • 12 · Advertising and promotion

    total $214,597

  • 13 · Office expenses

    total $12,175

  • 14 · Information technology

    total $6,362

  • 16 · Occupancy

    total $113,183

  • 18 · Travel or entertainment for public officials

    total $61,869

  • 20 · Interest

    total $724,299

  • 22 · Depreciation, depletion and amortization

    total $1,430,869

  • 24a · Other expenses: PURCHASED POWER

    total $16,060,007

  • 24b · Other expenses: KWH TAX EXPENSE

    total $408,448

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $144,748

  • 24d · Other expenses: MISC GENERAL EXPENSE

    total $143,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,593 · end of year $216,347

  • 4 · Accounts receivable

    beginning of year $2,035,735 · end of year $2,658,614

  • 8 · Inventories for sale or use

    beginning of year $424,227 · end of year $336,714

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,547 · end of year $18,861

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

    $43,413,463

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

    $13,081,198

  • 10c · Land, buildings and equipment, net

    beginning of year $29,384,152 · end of year $30,332,265

  • 12 · Investments: other securities

    beginning of year $9,925,755 · end of year $9,775,995

  • 14 · Intangible assets

    beginning of year $282,001 · end of year $271,130

  • 15 · Other assets

    beginning of year $2,123,884 · end of year $1,780,645

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,902,879 · end of year $3,121,000

  • 23 · Secured mortgages and notes payable

    beginning of year $17,339,638 · end of year $18,115,685

  • 25 · Other liabilities

    beginning of year $450,727 · end of year $301,235

  • 29 · Capital stock, trust principal or current funds

    beginning of year $23,606,650 · end of year $23,852,651

  • 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 $0 · end of year $0

Mission and programs · 2024

Mission

WORKING FROM OUR HEADQUARTERS NEAR BELLEFONTAINE, OH , LOGAN COUNTY ELECTRIC COOPERATIVE PROVIDES ELECTRIC ENERGY TO MORE THAN 4,800 HOMES AND BUSINESSES IN LOGAN, HARDIN, AND SHELBY COUNTIES.

Activities or mission (Part I)

OUR LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS THE DISTRIBUTION OF ELECTRICITY TO THE RURAL AREAS INCLUDING THE PROVISION OF ELECTRICITY TO APPROXIMATELY 4,814 METERS OVER 690 MILES OF ENERGIZED LINES.

  • OUR LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS THE DISTRIBUTION OF ELECTRICITY TO THE RURAL AREAS INCLUDING THE PROVISION OF ELECTRICITY TO APPROXIMATELY 4,814 MEMBERS OVER 690 MILES OF ENERGIZED LINES.

As filed on the 2024 return.

Listed in Part VII

  • Timothy Street

    PRESIDENT

    Total calculated
    $269,054
    From this org
    $189,087
    From related orgs
    $0
    Other
    $79,967
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,087
    Bonus
    $0
    Other
    $0
    Deferred
    $49,123
    Nontaxable benefits
    $28,073
    Filer's total
    $266,283

  • Ryan M Smith

    VP OF OPERATIONS

    Total calculated
    $228,107
    From this org
    $157,950
    From related orgs
    $0
    Other
    $70,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,950
    Bonus
    $0
    Other
    $0
    Deferred
    $39,582
    Nontaxable benefits
    $28,073
    Filer's total
    $225,605

  • Tiffany Stoner

    VP OF FINANCE AND ADMINIST

    Total calculated
    $213,612
    From this org
    $143,826
    From related orgs
    $0
    Other
    $69,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,826
    Bonus
    $0
    Other
    $0
    Deferred
    $37,357
    Nontaxable benefits
    $28,073
    Filer's total
    $209,256

  • Daniel Ashcraft

    DIRECTOR OF OPERATIONS

    Total calculated
    $194,474
    From this org
    $129,216
    From related orgs
    $0
    Other
    $65,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,216
    Bonus
    $0
    Other
    $0
    Deferred
    $35,628
    Nontaxable benefits
    $28,073
    Filer's total
    $192,917

  • Scott Roach

    DIRECTOR OF ENGINEERING

    Total calculated
    $188,033
    From this org
    $124,598
    From related orgs
    $0
    Other
    $63,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,598
    Bonus
    $0
    Other
    $0
    Deferred
    $33,880
    Nontaxable benefits
    $28,073
    Filer's total
    $186,551

  • Todd White

    JOURNEYMAN LINEMAN

    Total calculated
    $170,629
    From this org
    $120,294
    From related orgs
    $0
    Other
    $50,335
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,294
    Bonus
    $0
    Other
    $0
    Deferred
    $27,611
    Nontaxable benefits
    $21,511
    Filer's total
    $169,416

  • Michael Hickenbottom

    JOURNEYMAN LINEMAN

    Total calculated
    $169,234
    From this org
    $118,937
    From related orgs
    $0
    Other
    $50,297
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,937
    Bonus
    $0
    Other
    $0
    Deferred
    $27,573
    Nontaxable benefits
    $21,511
    Filer's total
    $168,021

  • Aaron Newland

    JOURNEYMAN LINEMAN

    Total calculated
    $174,015
    From this org
    $116,497
    From related orgs
    $0
    Other
    $57,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,497
    Bonus
    $0
    Other
    $0
    Deferred
    $27,592
    Nontaxable benefits
    $28,073
    Filer's total
    $172,162

  • David Salmons

    JOURNEYMAN LINEMAN

    Total calculated
    $160,407
    From this org
    $110,000
    From related orgs
    $0
    Other
    $50,407
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,000
    Bonus
    $0
    Other
    $0
    Deferred
    $27,683
    Nontaxable benefits
    $21,511
    Filer's total
    $159,194

  • Michael Moose

    JOURNEYMAN LINEMAN

    Total calculated
    $159,303
    From this org
    $108,867
    From related orgs
    $0
    Other
    $50,436
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,867
    Bonus
    $0
    Other
    $0
    Deferred
    $27,711
    Nontaxable benefits
    $21,511
    Filer's total
    $158,089

  • Aric Stover

    JOURNEYMAN LINEMAN

    Total calculated
    $164,277
    From this org
    $106,659
    From related orgs
    $0
    Other
    $57,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,659
    Bonus
    $0
    Other
    $0
    Deferred
    $27,692
    Nontaxable benefits
    $28,073
    Filer's total
    $162,424

  • Mason Shoemaker

    JOURNEYMAN LINEMAN

    Total calculated
    $161,712
    From this org
    $104,337
    From related orgs
    $0
    Other
    $57,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,337
    Bonus
    $0
    Other
    $0
    Deferred
    $27,692
    Nontaxable benefits
    $27,830
    Filer's total
    $159,859

  • Janet Blank

    1ST VICE-CHAIRMAN/TRUSTEE

    Total calculated
    $13,100
    From this org
    $13,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Scott Hall

    CHAIRMAN/ TRUSTEE

    Total calculated
    $12,675
    From this org
    $12,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • David Campbell

    SECRETARY/TREASURER

    Total calculated
    $10,825
    From this org
    $10,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jerry P Fry

    2ND VICE-CHAIRMAN/ TRUSTEE

    Total calculated
    $10,825
    From this org
    $10,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • James Jim Rice

    TRUSTEE

    Total calculated
    $10,175
    From this org
    $10,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Warren Taylor

    TRUSTEE

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jerry Cline

    TRUSTEE

    Total calculated
    $8,850
    From this org
    $8,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

The filer's explanations (Part III)

PART I, LINE 3
AS PART OF THE ANNUAL BUDGET PROCESS, NRECA PREPARES AN INDUSTRY WAGE/SALARY STUDY. THIS IS REVIEWED BY MANAGEMENT AND THE GOVERNING BODY PRIOR TO THE FINAL BUDGET BEING APPROVED AND BEFORE ANY PROPOSED WAGE ADJUSTMENTS. THIS PROCESS APPLIES TO TOP MANAGEMENT OFFICIALS, OTHER OFFICERS, AND EMPLOYEES.

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

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.

  • QMS INC

    INACTIVE, HVAC CONTRACTOR · OH

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349315119

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