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Nonprofiteer
← CULLMAN ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by CULLMAN ELECTRIC COOPERATIVE.

Totals

Total revenue
$167,943,353
Total expenses
$167,943,353
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$162,202,285
Investment income
$946,999
Other revenue
$4,794,069
Total assets, end of year
$340,062,839
Total liabilities, end of year
$190,973,922
Net assets or fund balances, end of year
$149,088,917
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$154,472,840

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: Service Revenue

    total $148,057,978 · related or exempt $148,057,978

  • 2b · Program service revenue: Broadband

    total $12,737,686 · unrelated business $12,737,686

  • 2c · Program service revenue: Billing Collection

    total $1,406,621 · unrelated business $1,406,621

  • 3 · Investment income

    total $946,999 · excluded $946,999

  • 6a · Gross rents

    real property $2,632,906

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,632,906

  • 6d · Net rental income or loss

    total $2,632,906 · excluded $2,632,906

  • 11a · Other revenue: Miscellaneous Revenue

    total $2,161,163 · related or exempt $2,161,163

  • 11e · Other revenue, total

    $2,161,163

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $10,345,522

  • 5 · Compensation of officers, directors and key employees

    total $1,043,851

  • 20 · Interest

    total $5,781,107

  • 22 · Depreciation, depletion and amortization

    total $13,470,513

  • 24a · Other expenses: Cost of Power

    total $101,087,504

  • 24b · Other expenses: Distribution - Maintanc

    total $9,631,788

  • 24c · Other expenses: Administrative General

    total $9,128,499

  • 24d · Other expenses: Taxes

    total $6,695,233

  • 24e · All other expenses

    total $10,759,336

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,750,261 · end of year $11,760,264

  • 2 · Savings and temporary cash investments

    beginning of year $4,712,103 · end of year $9,369,090

  • 4 · Accounts receivable

    beginning of year $12,807,443 · end of year $13,834,440

  • 7 · Other notes and loans receivable

    beginning of year $984,163 · end of year $683,689

  • 8 · Inventories for sale or use

    beginning of year $9,496,568 · end of year $9,124,198

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,738,111 · end of year $6,259,968

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

    $414,965,758

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

    $126,107,803

  • 10c · Land, buildings and equipment, net

    beginning of year $262,961,442 · end of year $288,857,955

  • 13 · Investments: program-related

    beginning of year $8,821 · end of year $0

  • 14 · Intangible assets

    beginning of year $565,248 · end of year $693,760

  • 15 · Other assets

    beginning of year -$411,352 · end of year -$520,525

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,294,030 · end of year $32,964,312

  • 23 · Secured mortgages and notes payable

    beginning of year $133,844,918 · end of year $157,697,113

  • 25 · Other liabilities

    beginning of year $684,358 · end of year $312,497

  • 29 · Capital stock, trust principal or current funds

    beginning of year $189,320 · end of year $191,145

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

    beginning of year $200,000 · end of year $200,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $138,400,182 · end of year $148,697,772

Mission and programs · 2024

Mission

Cullman Electric Cooperative's mission is to provide electric service to its members located in four North Alabama counties while adhering to the following values: commitment, accountability, reliability, and efficiency.

Activities or mission (Part I)

Cullman Electric Cooperative's mission is to provide electric service to its members.

  • To provide electric service and related services to members.

    Expenses $154,472,840

As filed on the 2024 return.

Listed in Part VII

  • Robert Tidwell

    Chairperson

    Total calculated
    $22,200
    From this org
    $22,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Fields

    Vice Chairperson

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chad Alexander

    Treasurer

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lynda Carter

    Secretary

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sheila Sizemore

    Trustee

    Total calculated
    $10,440
    From this org
    $10,440
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Daryl Calvert

    Trustee

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Phillip Garrison

    Trustee

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lisa Weeks

    Trustee

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Hembree

    Trustee

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Trina Walker

    Trustee

    Total calculated
    $0
    Hours/week
    3

  • Tim Culpepper

    CEO

    Total calculated
    $486,049
    From this org
    $375,081
    From related orgs
    $0
    Other
    $110,968
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $375,081
    Bonus
    $0
    Other
    $0
    Deferred
    $107,685
    Nontaxable benefits
    $3,283
    Filer's total
    $486,049

  • Matt Schlosser

    CFO

    Total calculated
    $149,596
    From this org
    $133,888
    From related orgs
    $0
    Other
    $15,708
    Hours/week
    45

  • Justin Lee

    COO

    Total calculated
    $224,366
    From this org
    $201,523
    From related orgs
    $0
    Other
    $22,843
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $201,523
    Bonus
    $0
    Other
    $0
    Deferred
    $20,822
    Nontaxable benefits
    $2,021
    Filer's total
    $224,366

  • Daniel Stricklin

    Vice President of Information Services

    Total calculated
    $233,517
    From this org
    $175,613
    From related orgs
    $0
    Other
    $57,904
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $175,613
    Bonus
    $0
    Other
    $0
    Deferred
    $55,760
    Nontaxable benefits
    $2,144
    Filer's total
    $233,517

  • Wade Yarbrough

    Vice President of Operations & Field Service

    Total calculated
    $260,994
    From this org
    $169,235
    From related orgs
    $0
    Other
    $91,759
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $169,235
    Bonus
    $0
    Other
    $0
    Deferred
    $89,874
    Nontaxable benefits
    $1,885
    Filer's total
    $260,994

  • Ernie Geisen

    Working Foreman

    Total calculated
    $236,656
    From this org
    $177,398
    From related orgs
    $0
    Other
    $59,258
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $177,398
    Bonus
    $0
    Other
    $0
    Deferred
    $57,870
    Nontaxable benefits
    $1,388
    Filer's total
    $236,656

  • Terry Graham

    Manager of Key Accounts & Meter Services

    Total calculated
    $237,394
    From this org
    $160,857
    From related orgs
    $0
    Other
    $76,537
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $160,857
    Bonus
    $0
    Other
    $0
    Deferred
    $75,029
    Nontaxable benefits
    $1,508
    Filer's total
    $237,394

  • Mark Freeman

    Vice President of Network Operations

    Total calculated
    $194,883
    From this org
    $170,110
    From related orgs
    $0
    Other
    $24,773
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $170,110
    Bonus
    $0
    Other
    $0
    Deferred
    $22,654
    Nontaxable benefits
    $2,119
    Filer's total
    $194,883

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 · 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.

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.

  • Operation Round-Up of Cullman and

    501(c)(3) · Education Assistance · AL

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.

  • Cooperative Connection LLC

    Internet · AL · income $13,053,081 · assets $8,190,470

    Directly controlled by Cullman Electric Cooperative

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513189349305236

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