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Nonprofiteer
← HOUSTON COUNTY ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by HOUSTON COUNTY ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$57,156,581
Total expenses
$57,156,581
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$55,865,702
Investment income
$0
Other revenue
$1,290,879
Total assets, end of year
$169,152,440
Total liabilities, end of year
$86,877,958
Net assets or fund balances, end of year
$82,274,482
Program services expenses (Part IX)
$57,156,581
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$57,156,581

Program services were 100.0% 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.

  • 2a · Program service revenue: Sale of Electricity

    total $55,865,702 · related or exempt $55,865,702

  • 11a · Other revenue: Patronage Capital

    total $775,930 · related or exempt $775,930

  • 11b · Other revenue: Investment income

    total $494,652 · related or exempt $494,652

  • 11c · Other revenue: Sale of Assets - gain

    total $20,297 · related or exempt $20,297

  • 11e · Other revenue, total

    $1,290,879

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,279,600 · program services $3,279,600

  • 5 · Compensation of officers, directors and key employees

    total $837,033 · program services $837,033

  • 20 · Interest

    total $2,328,959 · program services $2,328,959

  • 22 · Depreciation, depletion and amortization

    total $6,262,101 · program services $6,262,101

  • 24a · Other expenses: Purchased Power

    total $32,011,019 · program services $32,011,019

  • 24b · Other expenses: Dist Oper and Maint

    total $9,108,238 · program services $9,108,238

  • 24c · Other expenses: Admin and Gen Exp

    total $1,851,108 · program services $1,851,108

  • 24d · Other expenses: Customer Acct amd Service

    total $1,303,435 · program services $1,303,435

  • 24e · All other expenses

    total $175,088 · program services $175,088

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,996,619 · end of year $9,692,282

  • 2 · Savings and temporary cash investments

    beginning of year $12,398,892 · end of year $2,903,715

  • 4 · Accounts receivable

    beginning of year $4,438,701 · end of year $5,611,959

  • 8 · Inventories for sale or use

    beginning of year $1,284,595 · end of year $1,975,198

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,708,602 · end of year $6,886,472

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

    $195,496,490

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

    $75,158,509

  • 10c · Land, buildings and equipment, net

    beginning of year $109,522,448 · end of year $120,337,981

  • 13 · Investments: program-related

    beginning of year $21,073,592 · end of year $21,744,833

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,651,722 · end of year $8,400,245

  • 23 · Secured mortgages and notes payable

    beginning of year $72,770,027 · end of year $73,552,066

  • 25 · Other liabilities

    beginning of year $4,101,340 · end of year $4,925,647

  • 31 · Retained earnings, endowment or other funds

    beginning of year $80,900,360 · end of year $82,274,482

Mission and programs · 2025

Mission

Providing and distributing reliable electric power to rural customers on a cooperative basis. In addition, Houston County Electric Cooperative assists the community with economic development.

  • For tax year 2025, we provided and distributed reliable power to rural customers on a cooperative basis.

    Expenses $57,156,581 · Revenue $57,156,581

As filed on the 2025 return.

Listed in Part VII

  • Kathi Calvert

    CEO & General Manager

    Total calculated
    $337,452
    From this org
    $260,398
    From related orgs
    $0
    Other
    $77,054
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $237,333
    Bonus
    $20,327
    Other
    $2,738
    Deferred
    $51,125
    Nontaxable benefits
    $25,929
    Filer's total
    $337,452

  • Mike Lane

    COO - Distribution

    Total calculated
    $217,903
    From this org
    $157,683
    From related orgs
    $0
    Other
    $60,220
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $144,329
    Bonus
    $12,580
    Other
    $774
    Deferred
    $31,096
    Nontaxable benefits
    $29,124
    Filer's total
    $217,903

  • Jeremy Bobbitt

    Transmission Manager

    Total calculated
    $193,227
    From this org
    $137,360
    From related orgs
    $0
    Other
    $55,867
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $130,503
    Bonus
    $6,083
    Other
    $774
    Deferred
    $26,545
    Nontaxable benefits
    $29,322
    Filer's total
    $193,227

  • David Whittlesey

    Director

    Total calculated
    $0
    Hours/week
    7

  • Larry Nelms

    Director

    Total calculated
    $0
    Hours/week
    6

  • Charles Siems

    Director

    Total calculated
    $0
    Hours/week
    7

  • Dan Courmier

    President

    Total calculated
    $0
    Hours/week
    11

  • William Emmons

    Director

    Total calculated
    $0
    Hours/week
    11

  • Mary Pearl Adams

    Director

    Total calculated
    $0
    Hours/week
    11

  • Grady Wakefield

    Director

    Total calculated
    $0
    Hours/week
    7

  • Kennom Kellum

    Vice-President

    Total calculated
    $0
    Hours/week
    5

  • Mitchell Huff

    Secretary

    Total calculated
    $0
    Hours/week
    6

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 committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

None.

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
2025
Filed
22 May 2026
IRS schema version
2025v4.1
Source object
202631429349301113

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