Skip to content
Nonprofiteer
← JOE WHEELER ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by JOE WHEELER ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$219,188,288
Total expenses
$220,365,382
Contributions and grants received
$0
Grants paid
$30,000
Program service revenue
$208,665,149
Investment income
$501,233
Other revenue
$10,021,906
Total assets, end of year
$407,116,755
Total liabilities, end of year
$263,648,352
Net assets or fund balances, end of year
$143,468,403
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: Sales of Electricity

    total $206,016,821 · related or exempt $206,016,821

  • 2b · Program service revenue: Patronage Dividends

    total $2,648,328 · related or exempt $2,648,328

  • 3 · Investment income

    total $501,233 · unrelated business $442,933 · excluded $58,300

  • 6a · Gross rents

    personal property $9,487,416

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $9,487,416

  • 6d · Net rental income or loss

    total $9,487,416 · unrelated business $7,628,580 · excluded $1,858,836

  • 11a · Other revenue: Billing and Collection

    total $508,747 · unrelated business $508,747

  • 11b · Other revenue: Miscellaneous Revenue

    total $25,743 · excluded $25,743

  • 11e · Other revenue, total

    $534,490

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $30,000

  • 4 · Benefits paid to or for members

    total $13,025,263

  • 5 · Compensation of officers, directors and key employees

    total $1,076,863

  • 20 · Interest

    total $10,314,898

  • 22 · Depreciation, depletion and amortization

    total $16,341,160

  • 24a · Other expenses: Cost of Power

    total $144,976,535

  • 24b · Other expenses: Distribution-Maintenanc

    total $16,387,767

  • 24c · Other expenses: Consumer Accounts Exp

    total $5,221,321

  • 24d · Other expenses: Taxes

    total $4,922,431

  • 24e · All other expenses

    total $8,069,144

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,467,102 · end of year $4,908,339

  • 4 · Accounts receivable

    beginning of year $25,022,860 · end of year $27,040,290

  • 7 · Other notes and loans receivable

    beginning of year $1,402,805 · end of year $988,632

  • 8 · Inventories for sale or use

    beginning of year $12,439,167 · end of year $9,882,712

  • 9 · Prepaid expenses and deferred charges

    beginning of year $119,158 · end of year $87,936

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

    $475,140,089

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

    $143,539,260

  • 10c · Land, buildings and equipment, net

    beginning of year $323,643,884 · end of year $331,600,829

  • 12 · Investments: other securities

    beginning of year $17,820,077 · end of year $20,597,370

  • 13 · Investments: program-related

    beginning of year $10,558,331 · end of year $12,010,647

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,616,054 · end of year $38,961,215

  • 23 · Secured mortgages and notes payable

    beginning of year $219,474,270 · end of year $208,053,715

  • 25 · Other liabilities

    beginning of year $15,978,909 · end of year $16,633,422

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $130,404,151 · end of year $143,468,403

Mission and programs · 2024

Mission

Joe Wheeler EMC is committed to providing efficient, reliable utility services that enhance the lives and businesses and exceed the expectations of members and customers in Lawrence and Morgan Counties and surrounding communities.

Activities or mission (Part I)

To provide electric utility service to the cooperative's members.

  • Utilizing approximately 4,428 miles of distribution lines, Joe Wheeler Electric Membership Corporation provided 1,919,749,085 kilowatt-hours of electric energy to its cooperative members located in North Alabama.

As filed on the 2024 return.

Listed in Part VII

  • Linda Owens

    Director

    Total calculated
    $10,769
    From this org
    $10,769
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Charles Teague

    Director

    Total calculated
    $10,427
    From this org
    $10,427
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Shirley Livingston

    Director

    Total calculated
    $10,293
    From this org
    $10,293
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Ray Long

    Director/President

    Total calculated
    $11,262
    From this org
    $11,262
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Andrew McCay

    Director

    Total calculated
    $627
    From this org
    $627
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jimmie Halbrooks

    Director

    Total calculated
    $10,043
    From this org
    $10,043
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ricky Knouff

    Director

    Total calculated
    $11,562
    From this org
    $11,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Milton Taylor

    Director/Sec/Treas

    Total calculated
    $11,362
    From this org
    $11,362
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Joseph Dutton

    Director

    Total calculated
    $10,762
    From this org
    $10,762
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Sandy Fields

    Director/Vice President

    Total calculated
    $11,062
    From this org
    $11,062
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Michael Penney

    Director

    Total calculated
    $8,765
    From this org
    $8,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Patrick D Holmes

    Chief Financial Officer

    Total calculated
    $536,358
    From this org
    $366,578
    From related orgs
    $0
    Other
    $169,780
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $364,986
    Bonus
    $0
    Other
    $1,592
    Deferred
    $141,086
    Nontaxable benefits
    $28,694
    Filer's total
    $536,358

  • Eugene V Kanikovsky

    CEO/General Manager

    Total calculated
    $433,569
    From this org
    $314,068
    From related orgs
    $0
    Other
    $119,501
    Hours/week
    63

    Schedule J breakdown matched by us

    Base
    $311,460
    Bonus
    $0
    Other
    $2,608
    Deferred
    $89,424
    Nontaxable benefits
    $30,077
    Filer's total
    $433,569

  • Austin B Kritner

    Journeyman Lineman

    Total calculated
    $234,925
    From this org
    $197,819
    From related orgs
    $0
    Other
    $37,106
    Hours/week
    62

    Schedule J breakdown matched by us

    Base
    $197,715
    Bonus
    $0
    Other
    $104
    Deferred
    $9,781
    Nontaxable benefits
    $27,325
    Filer's total
    $234,925

  • Ken McGee

    Director of Engineering

    Total calculated
    $297,032
    From this org
    $186,049
    From related orgs
    $0
    Other
    $110,983
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $184,756
    Bonus
    $0
    Other
    $1,293
    Deferred
    $82,876
    Nontaxable benefits
    $28,107
    Filer's total
    $297,032

  • Donald J Pace II

    Journeyman Lineman

    Total calculated
    $244,098
    From this org
    $198,667
    From related orgs
    $0
    Other
    $45,431
    Hours/week
    62

    Schedule J breakdown matched by us

    Base
    $198,493
    Bonus
    $0
    Other
    $174
    Deferred
    $18,106
    Nontaxable benefits
    $27,325
    Filer's total
    $244,098

  • Jeremiah Engle

    Equipment Serviceman

    Total calculated
    $230,518
    From this org
    $176,975
    From related orgs
    $0
    Other
    $53,543
    Hours/week
    57

    Schedule J breakdown matched by us

    Base
    $176,796
    Bonus
    $0
    Other
    $179
    Deferred
    $26,187
    Nontaxable benefits
    $27,356
    Filer's total
    $230,518

  • Anthony Smith

    Journeyman Lineman

    Total calculated
    $209,230
    From this org
    $171,569
    From related orgs
    $0
    Other
    $37,661
    Hours/week
    56

    Schedule J breakdown matched by us

    Base
    $171,430
    Bonus
    $0
    Other
    $139
    Deferred
    $10,336
    Nontaxable benefits
    $27,325
    Filer's total
    $209,230

  • George B Kitchens

    Former CEO/General Manager

    Total calculated
    $174,405
    From this org
    $174,405
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $174,405
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $174,405

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

  • Wheeler Basin Natural Gas Company Inc

    C · Natural Gas Distributor · AL · 100% owned · share of income $3,159,398 · share of assets $13,566,293 · controlled entity

    Directly controlled by Joe Wheeler Electric Membership Corporation

  • JWEMC Communications LLC

    C · Broadband Data Service Provider · AL · 100% owned · share of income $15,561,322 · share of assets $8,118,840 · controlled entity

    Directly controlled by Joe Wheeler Electric Membership Corporation

Provenance

Return type
form_990
Tax year
2024
Filed
26 November 2025
IRS schema version
2024v5.2
Source object
202543369349300134

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.