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Nonprofiteer
← OUACHITA ELECTRIC COOP CORP 474

Form 990 for tax year 2022

Filed by OUACHITA ELECTRIC COOP CORP 474.

Totals

Total revenue
$24,794,021
Total expenses
$24,874,862
Contributions and grants received
$0
Grants paid
$34,000
Program service revenue
$24,125,808
Investment income
$435,037
Other revenue
$233,176
Total assets, end of year
$119,870,625
Total liabilities, end of year
$68,355,074
Net assets or fund balances, end of year
$51,515,551
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: SALE OF ELECTRICITY

    total $23,521,188 · related or exempt $23,521,188

  • 2b · Program service revenue: OTHER CAPITAL CREDITS & DIVIDENDS

    total $604,620 · related or exempt $604,620

  • 3 · Investment income

    total $406,078 · excluded $406,078

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $220,440

  • 6c · Rental income or loss

    real property $0 · personal property $220,440

  • 6d · Net rental income or loss

    total $220,440 · excluded $220,440

  • 7a · Gross sales of assets other than inventory

    securities -$260 · other assets $29,219

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities -$260 · other assets $29,219

  • 7d · Net gain or loss

    total $28,959 · excluded $28,959

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: All Other Misc Revenue

    total $12,736 · excluded $12,736

  • 11d · All other revenue

    total $12,736 · excluded $12,736

  • 11e · Other revenue, total

    $12,736

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $1,472,699

  • 5 · Compensation of officers, directors and key employees

    total $535,933

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,583,614

  • 8 · Pension plan contributions

    total -$38,050

  • 9 · Other employee benefits

    total -$189,172

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $109,558

  • 12 · Advertising and promotion

    total $7,170

  • 13 · Office expenses

    total $183,034

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $149,498

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $2,457,501

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,894,345

  • 23 · Insurance

    total $115,302

  • 24a · Other expenses: Cost of Power

    total $8,761,866

  • 24b · Other expenses: DISTRIBUTION

    total $5,519,953

  • 24c · Other expenses: Power Production Expense

    total $177,755

  • 24d · Other expenses: APSC TAXES

    total $46,300

  • 24e · All other expenses

    total $1,053,556

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,311,699 · end of year $7,933,949

  • 2 · Savings and temporary cash investments

    beginning of year $2,193,062 · end of year $1,378,905

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $3,652,425 · end of year $3,253,351

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,041 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $452,209 · end of year $440,290

  • 8 · Inventories for sale or use

    beginning of year $1,190,660 · end of year $1,210,840

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,537,515 · end of year $3,198,174

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

    $113,593,809

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

    $33,237,537

  • 10c · Land, buildings and equipment, net

    beginning of year $78,984,112 · end of year $80,356,272

  • 11 · Investments: publicly traded securities

    beginning of year $1,425,321 · end of year $1,407,088

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $18,479,347 · end of year $18,560,781

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,190,062 · end of year $2,130,975

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,335,256 · end of year $4,111,611

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $58,049,675 · end of year $63,921,185

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $351,690 · end of year $322,278

  • 29 · Capital stock, trust principal or current funds

    beginning of year $104,349 · end of year $104,579

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $2,223,622 · end of year $2,335,360

  • 31 · Retained earnings, endowment or other funds

    beginning of year $48,352,861 · end of year $49,075,612

Mission and programs · 2022

Mission

TO PROVIDE THE BEST ELECTRIC SERVICE THE COOPERATIVE CAN PROVIDE TO ALL WHO DESIRE IT WITHIN THE SERVICE AREA OF THE COOPERATIVE AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Activities or mission (Part I)

PROVIDE ECONOMICAL AND RELIABLE ELECTRICAL POWER TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.

  • SALES OF 226,735,913 KILOWATT HOURS OF ELECTRIC ENERGY.

As filed on the 2022 return.

Listed in Part VII

  • Shawn Dorlinger

    GENERAL MANAGER

    Total calculated
    $233,167
    From this org
    $145,337
    From related orgs
    $0
    Other
    $87,830
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,371
    Bonus
    $750
    Other
    $1,216
    Deferred
    $59,033
    Nontaxable benefits
    $28,797
    Filer's total
    $233,167

  • Bryan Dunn

    DISTRIBUTION SYS DIST/BR MGR

    Total calculated
    $186,646
    From this org
    $114,172
    From related orgs
    $0
    Other
    $72,474
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $112,891
    Bonus
    $750
    Other
    $531
    Deferred
    $41,944
    Nontaxable benefits
    $30,530
    Filer's total
    $186,646

  • Troy Carter

    LEAD LINEMAN

    Total calculated
    $181,709
    From this org
    $117,409
    From related orgs
    $0
    Other
    $64,300
    Hours/week
    52.95

    Schedule J breakdown matched by us

    Base
    $116,192
    Bonus
    $750
    Other
    $467
    Deferred
    $38,044
    Nontaxable benefits
    $26,256
    Filer's total
    $181,709

  • David O'Hara

    OPERATIONS LEADERSHIP/MGMT

    Total calculated
    $179,729
    From this org
    $135,856
    From related orgs
    $0
    Other
    $43,873
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $131,340
    Bonus
    $750
    Other
    $3,766
    Deferred
    $15,148
    Nontaxable benefits
    $28,725
    Filer's total
    $179,729

  • Charles Armstrong

    SERVICE MANAGER

    Total calculated
    $177,579
    From this org
    $139,959
    From related orgs
    $0
    Other
    $37,620
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,233
    Bonus
    $750
    Other
    $6,976
    Deferred
    $14,629
    Nontaxable benefits
    $22,991
    Filer's total
    $177,579

  • Jimmy Pitts

    ENGINEERING SERVICES TECH

    Total calculated
    $175,789
    From this org
    $104,492
    From related orgs
    $0
    Other
    $71,297
    Hours/week
    46.05

    Schedule J breakdown matched by us

    Base
    $103,211
    Bonus
    $750
    Other
    $531
    Deferred
    $41,618
    Nontaxable benefits
    $29,679
    Filer's total
    $175,789

  • Mary Beth Fain

    FINANCE AND ACCOUNTING MANAGER

    Total calculated
    $130,169
    From this org
    $82,934
    From related orgs
    $0
    Other
    $47,235
    Hours/week
    50

  • Mark Cayce

    GENERAL MANAGER

    Total calculated
    $43,995
    From this org
    $33,414
    From related orgs
    $0
    Other
    $10,581
    Hours/week
    50

  • Judy Taylor

    DIRECTOR/FINANCE & ACCT MANGR

    Total calculated
    $34,851
    From this org
    $32,536
    From related orgs
    $0
    Other
    $2,315
    Hours/week
    50

  • Corbet J Lamkin

    DIRECTOR

    Total calculated
    $15,400
    From this org
    $15,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.27

  • Walter Pigott

    DIRECTOR

    Total calculated
    $13,600
    From this org
    $13,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.33

  • Beau Morgan

    DIRECTOR

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.08

  • David McLeane

    SECRETARY/TREASURER

    Total calculated
    $12,950
    From this org
    $12,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.15

  • Danny Adams

    DIRECTOR

    Total calculated
    $10,700
    From this org
    $10,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.49

  • James Garner

    CHAIRMAN

    Total calculated
    $9,350
    From this org
    $9,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.73

  • Lisa Hendrix

    VICE CHAIRMAN

    Total calculated
    $9,350
    From this org
    $9,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Gregg Goss

    DIRECTOR

    Total calculated
    $8,900
    From this org
    $8,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.65

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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • OUACHITA ELECTRIC SERVICES INCORPORATED

    C CORP · INTERNET SERV · AR · 100% owned · share of income $0 · share of assets $4,977,051 · controlled entity

    Directly controlled by OECC

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202323109349302927

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