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Nonprofiteer
← A & N ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by A & N ELECTRIC COOPERATIVE.

Totals

Total revenue
$88,315,179
Total expenses
$87,176,627
Contributions and grants received
$50,000
Grants paid
$27,047
Program service revenue
$86,662,482
Investment income
$699,903
Other revenue
$902,794
Total assets, end of year
$227,109,712
Total liabilities, end of year
$145,902,087
Net assets or fund balances, end of year
$81,207,625
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1e · Government grants (contributions)

    $50,000

  • 2a · Program service revenue: SALE AND DIST. OF ELECTRICITY

    total $84,822,831 · related or exempt $84,822,831

  • 2b · Program service revenue: CIAC

    total $1,213,051 · related or exempt $1,213,051

  • 2c · Program service revenue: MAINTENANCE AGREEMENT

    total $571,496 · related or exempt $571,496

  • 2d · Program service revenue: CASH PATRONAGE RECEIVED

    total $55,104 · related or exempt $55,104

  • 3 · Investment income

    total $699,903 · excluded $699,903

  • 6a · Gross rents

    real property $38,139 · personal property $923,645

  • 6b · Less rental expenses

    real property $23,815

  • 6c · Rental income or loss

    real property $14,324 · personal property $923,645

  • 6d · Net rental income or loss

    total $937,969 · unrelated business $14,324 · excluded $923,645

  • 11a · Other revenue: EQUITY EARNINGS (LOSS) SUBSID

    total -$35,175 · related or exempt -$35,175

  • 11e · Other revenue, total

    -$35,175

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,047

  • 4 · Benefits paid to or for members

    total $387,497

  • 5 · Compensation of officers, directors and key employees

    total $1,694,394

  • 7 · Other salaries and wages

    total $7,348,974

  • 8 · Pension plan contributions

    total $972,943

  • 9 · Other employee benefits

    total $115,107

  • 10 · Payroll taxes

    total $677,551

  • 11b · Fees: legal

    total $62,477

  • 17 · Travel

    total $1,463,049

  • 19 · Conferences, conventions and meetings

    total $25,444

  • 20 · Interest

    total $3,622,309

  • 22 · Depreciation, depletion and amortization

    total $7,814,471

  • 24a · Other expenses: COST OF POWER

    total $58,916,006

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $4,580,416

  • 24c · Other expenses: DISTRIBUTION OPERATION

    total $2,227,512

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $1,023,434

  • 24e · All other expenses

    total -$3,782,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,361 · end of year $2,934

  • 2 · Savings and temporary cash investments

    beginning of year $11,585,490 · end of year $9,873,070

  • 4 · Accounts receivable

    beginning of year $11,820,149 · end of year $12,070,515

  • 8 · Inventories for sale or use

    beginning of year $3,883,089 · end of year $3,833,143

  • 9 · Prepaid expenses and deferred charges

    beginning of year $727,014 · end of year $504,943

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

    $244,706,480

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

    $74,264,038

  • 10c · Land, buildings and equipment, net

    beginning of year $166,968,322 · end of year $170,442,442

  • 13 · Investments: program-related

    beginning of year $25,034,774 · end of year $25,772,259

  • 15 · Other assets

    beginning of year $4,217,345 · end of year $4,610,406

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,872,048 · end of year $7,595,244

  • 23 · Secured mortgages and notes payable

    beginning of year $128,652,541 · end of year $130,213,424

  • 25 · Other liabilities

    beginning of year $7,175,055 · end of year $8,093,419

  • 31 · Retained earnings, endowment or other funds

    beginning of year $81,538,900 · end of year $81,207,625

Mission and programs · 2024

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF THE COOPERATIVE.

  • SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF A & N ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 58,916,006 DEPRECIATION 7,814,471 SALARIES AND WAGES 7,348,974

As filed on the 2024 return.

Listed in Part VII

  • Belvin Williamson Jr

    PRESIDENT &

    Total calculated
    $660,467
    From this org
    $400,383
    From related orgs
    $0
    Other
    $260,084
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $293,876
    Bonus
    not reported
    Other
    $106,507
    Deferred
    $237,253
    Nontaxable benefits
    $22,831
    Filer's total
    $660,467

  • Shawn Hildebrand

    COO

    Total calculated
    $291,710
    From this org
    $233,909
    From related orgs
    $0
    Other
    $57,801
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $175,847
    Bonus
    not reported
    Other
    $58,062
    Deferred
    $34,914
    Nontaxable benefits
    $22,887
    Filer's total
    $291,710

  • Joe Cataldo

    VP OPS & CON

    Total calculated
    $270,115
    From this org
    $212,588
    From related orgs
    $0
    Other
    $57,527
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $149,657
    Bonus
    not reported
    Other
    $62,931
    Deferred
    $34,034
    Nontaxable benefits
    $23,493
    Filer's total
    $270,115

  • Roger Blizzard

    VP HR & EMPL

    Total calculated
    $249,080
    From this org
    $189,912
    From related orgs
    $0
    Other
    $59,168
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $152,454
    Bonus
    not reported
    Other
    $37,458
    Deferred
    $36,950
    Nontaxable benefits
    $22,218
    Filer's total
    $249,080

  • Todd Bireley

    VP ENG & TEC

    Total calculated
    $243,862
    From this org
    $185,290
    From related orgs
    $0
    Other
    $58,572
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $119,929
    Bonus
    not reported
    Other
    $65,361
    Deferred
    $37,178
    Nontaxable benefits
    $21,394
    Filer's total
    $243,862

  • Dana Penney

    DIRECTOR, AC

    Total calculated
    $233,222
    From this org
    $168,972
    From related orgs
    $0
    Other
    $64,250
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $135,942
    Bonus
    not reported
    Other
    $33,030
    Deferred
    $50,910
    Nontaxable benefits
    $13,340
    Filer's total
    $233,222

  • Ronald Wharton

    SUBSTATION F

    Total calculated
    $217,245
    From this org
    $171,042
    From related orgs
    $0
    Other
    $46,203
    Hours/week
    58 + 1 related

    Schedule J breakdown matched by us

    Base
    $74,920
    Bonus
    not reported
    Other
    $96,122
    Deferred
    $23,153
    Nontaxable benefits
    $23,050
    Filer's total
    $217,245

  • James Parker

    CHIEF LINEMA

    Total calculated
    $202,332
    From this org
    $170,676
    From related orgs
    $0
    Other
    $31,656
    Hours/week
    57 + 1 related

    Schedule J breakdown matched by us

    Base
    $78,200
    Bonus
    not reported
    Other
    $92,476
    Deferred
    $7,495
    Nontaxable benefits
    $24,161
    Filer's total
    $202,332

  • Kenneth E Thornton

    SERVICEMAN

    Total calculated
    $187,749
    From this org
    $162,520
    From related orgs
    $0
    Other
    $25,229
    Hours/week
    56 + 1 related

    Schedule J breakdown matched by us

    Base
    $80,607
    Bonus
    not reported
    Other
    $81,913
    Deferred
    $15,343
    Nontaxable benefits
    $9,886
    Filer's total
    $187,749

  • S Keith Colonna

    DIRECTOR

    Total calculated
    $22,225
    From this org
    $22,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Addison W Nottingham Jr

    CHAIRMAN

    Total calculated
    $21,275
    From this org
    $21,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Ralph W Dodd

    SEC/TREAS

    Total calculated
    $20,150
    From this org
    $20,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Penney P Holland

    DIRECTOR

    Total calculated
    $18,175
    From this org
    $18,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Gregory L Duncan Sr

    DIRECTOR

    Total calculated
    $18,150
    From this org
    $18,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Christopher D Bott

    VICE CHAIRMA

    Total calculated
    $16,350
    From this org
    $16,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • E Garrison Drummond

    DIRECTOR

    Total calculated
    $14,300
    From this org
    $14,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • W Edward Shockley III

    DIRECTOR

    Total calculated
    $13,350
    From this org
    $13,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark A Hickman

    DIRECTOR

    Total calculated
    $13,050
    From this org
    $13,050
    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 · Independent compensation consultant
  • 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

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.

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.

  • A & N INNOVATIVE SOLUTIONS

    C CORP · EV CHARGER · VA · 100% owned · share of income -$35,175 · share of assets $174,198

    Directly controlled by A&N EC

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.0
Source object
202513029349301221

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