Form 990 for tax year 2024
Filed by LICKING RURAL ELECTRIFICATION INC.
Totals
- Total revenue
- $73,811,472
- Total expenses
- $70,926,957
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $71,390,737
- Investment income
- $478,968
- Other revenue
- $1,941,767
- Total assets, end of year
- $359,387,067
- Total liabilities, end of year
- $264,512,538
- Net assets or fund balances, end of year
- $94,874,529
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Listed in Part VII
-
TODD WARE
PRESIDENT CEO
- Total calculated
- $580,096
- From this org
- $0
- From related orgs
- $429,589
- Other
- $150,507
- Hours/week
- 17 + 23 related
Schedule J breakdown matched by us
- Base
- not reported + $419,911 related
- Bonus
- not reported
- Other
- not reported + $9,678 related
- Deferred
- not reported + $141,093 related
- Nontaxable benefits
- not reported + $9,414 related
- Filer's total
- not reported + $580,096 related
-
DANIEL MCVEY
VP COO
- Total calculated
- $476,735
- From this org
- $0
- From related orgs
- $342,614
- Other
- $134,121
Schedule J breakdown matched by us
- Base
- not reported + $326,605 related
- Bonus
- not reported + $9,400 related
- Other
- not reported + $6,609 related
- Deferred
- not reported + $115,260 related
- Nontaxable benefits
- not reported + $18,861 related
- Filer's total
- not reported + $476,735 related
-
PAT MCGONAGLE
VP CFO
- Total calculated
- $463,897
- From this org
- $0
- From related orgs
- $322,771
- Other
- $141,126
- Hours/week
- 16 + 24 related
Schedule J breakdown matched by us
- Base
- not reported + $310,140 related
- Bonus
- not reported + $6,025 related
- Other
- not reported + $6,606 related
- Deferred
- not reported + $110,755 related
- Nontaxable benefits
- not reported + $30,371 related
- Filer's total
- not reported + $463,897 related
-
CONNIE HOGUE
VP OF HUMAN RESOURCES/SAFETY
- Total calculated
- $329,945
- From this org
- $0
- From related orgs
- $240,513
- Other
- $89,432
- Hours/week
- 18 + 22 related
Schedule J breakdown matched by us
- Base
- not reported + $227,037 related
- Bonus
- not reported + $6,700 related
- Other
- not reported + $6,776 related
- Deferred
- not reported + $79,879 related
- Nontaxable benefits
- not reported + $9,553 related
- Filer's total
- not reported + $329,945 related
-
JOSH FILLER
VP COO
- Total calculated
- $307,633
- From this org
- $222,391
- From related orgs
- $0
- Other
- $85,242
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $209,651
- Bonus
- $7,045
- Other
- $5,695
- Deferred
- $68,745
- Nontaxable benefits
- $16,497
- Filer's total
- $307,633
-
JOE HIGDON
CONTROLLER
- Total calculated
- $304,620
- From this org
- $0
- From related orgs
- $204,286
- Other
- $100,334
- Hours/week
- 17 + 23 related
Schedule J breakdown matched by us
- Base
- not reported + $192,570 related
- Bonus
- not reported + $5,425 related
- Other
- not reported + $6,291 related
- Deferred
- not reported + $69,963 related
- Nontaxable benefits
- not reported + $30,371 related
- Filer's total
- not reported + $304,620 related
-
SCOTT STITTS
VP CIO
- Total calculated
- $303,280
- From this org
- $0
- From related orgs
- $213,898
- Other
- $89,382
- Hours/week
- 14 + 26 related
Schedule J breakdown matched by us
- Base
- not reported + $202,441 related
- Bonus
- not reported + $4,800 related
- Other
- not reported + $6,657 related
- Deferred
- not reported + $71,686 related
- Nontaxable benefits
- not reported + $17,696 related
- Filer's total
- not reported + $303,280 related
-
PATRICK MULLIGAN
GAS ENGINEERING MANAGER
- Total calculated
- $249,395
- From this org
- $0
- From related orgs
- $171,407
- Other
- $77,988
Schedule J breakdown matched by us
- Base
- not reported + $164,086 related
- Bonus
- not reported + $2,375 related
- Other
- not reported + $4,946 related
- Deferred
- not reported + $59,127 related
- Nontaxable benefits
- not reported + $18,861 related
- Filer's total
- not reported + $249,395 related
-
DON WHEELER
GAS OPERATIONS MANAGER
- Total calculated
- $247,982
- From this org
- $0
- From related orgs
- $173,779
- Other
- $74,203
Schedule J breakdown matched by us
- Base
- not reported + $163,005 related
- Bonus
- not reported + $5,000 related
- Other
- not reported + $5,774 related
- Deferred
- not reported + $57,706 related
- Nontaxable benefits
- not reported + $16,497 related
- Filer's total
- not reported + $247,982 related
-
NELSON SMITH
DIRECTOR
- Total calculated
- $34,850
- From this org
- $34,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3 + 6.25 related
-
JOHN KLAUDER
DIRECTOR
- Total calculated
- $25,225
- From this org
- $25,225
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 5 related
-
ROY VAN ATTA
DIRECTOR
- Total calculated
- $24,500
- From this org
- $24,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.17 + 0.83 related
-
BRAD PATTON
DIRECTOR
- Total calculated
- $21,525
- From this org
- $21,525
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.67 + 3.33 related
-
TOM GRAHAM
DIRECTOR
- Total calculated
- $21,450
- From this org
- $21,450
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.67 + 3.33 related
-
WAYNE ZOLLARS
DIRECTOR
- Total calculated
- $19,950
- From this org
- $19,950
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.67 + 3.33 related
-
JOANNE LITTLE
DIRECTOR
- Total calculated
- $17,275
- From this org
- $17,275
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.67 + 3.33 related
-
DONALD HAWK
DIRECTOR
- Total calculated
- $17,025
- From this org
- $17,025
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.67 + 3.33 related
-
DUSTIN BUCKINGHAM
DIRECTOR
- Total calculated
- $17,025
- From this org
- $17,025
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.5 + 4 related
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Independent compensation consultant
- 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.
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.
-
501c12 · NAT GAS TRANSPORT · OH
Directly controlled by NATL GAS & OIL COMP
-
501c12 · MKT OF NAT GAS · OH
Directly controlled by NATL GAS & OIL COMPANY
-
NATIONAL GAS & OIL COOPERATIVE
501c12 · NAT GAS DIST · OH
Directly controlled by NATL GAS & OIL COMPANY
-
501c3 · FUNDING ASSIST · OH
Directly controlled by NA
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.
-
C Corp · PROPANE DIST · OH · 100% owned
Directly controlled by NATL GAS & OIL COMPANY
-
C Corp · NAT GAS SERV · OH · 100% owned
Directly controlled by NA
-
NGO DEVELOPMENT CORPORATION INC
C Corp · OIL GAS PROD · OH · 100% owned
Directly controlled by NATL GAS & OIL COMPANY
-
C Corp · NAT GAS MKT · OH · 100% owned
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502809349300035
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