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← NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2024

Filed by NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$227,345,758
Total expenses
$220,881,253
Contributions and grants received
$0
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Listed in Part VII

  • INGRID KESSLER

    SEC-TREASURER, DIRECTOR

    Total calculated
    $67,767
    From this org
    $45,767
    From related orgs
    $0
    Other
    $22,000
    Hours/week
    22.4

  • MIKE PARTIN

    VICE PRESIDENT

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    20.4

  • TONY ANDERSON

    PRESIDENT, DIRECTOR

    Total calculated
    $125,200
    From this org
    $125,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    23

  • BRYAN CASE

    DIRECTOR

    Total calculated
    $41,200
    From this org
    $41,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.8

  • CAROLYN TURNER

    DIRECTOR

    Total calculated
    $35,400
    From this org
    $35,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.9

  • CASEY LOGAN

    DIRECTOR

    Total calculated
    $33,200
    From this org
    $33,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • CHARLES SIMMONS

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • CHRIS CHRISTENSEN

    DIRECTOR

    Total calculated
    $57,400
    From this org
    $57,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.8

  • CHRIS HAMON

    DIRECTOR

    Total calculated
    $27,000
    From this org
    $27,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.1

  • CRYSTAL ENKVIST

    DIRECTOR (as of 03/24)

    Total calculated
    $31,200
    From this org
    $31,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.2

  • CURTIS NOLAN

    FORMER DIRECTOR

    Total calculated
    $11,000
    From this org
    $11,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.2

  • DAN SAULSGIVER

    DIRECTOR

    Total calculated
    $33,550
    From this org
    $33,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7

  • DANNY BERTHELOT

    DIRECTOR

    Total calculated
    $29,200
    From this org
    $29,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.7

  • DAVID HEMBREE

    DIRECTOR

    Total calculated
    $34,550
    From this org
    $34,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • DAVID IHA

    DIRECTOR

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • DAVID SPRADLIN

    DIRECTOR

    Total calculated
    $39,200
    From this org
    $39,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • DENNIS HERMAN

    DIRECTOR (as of 03/24)

    Total calculated
    $29,850
    From this org
    $29,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • DON DOUGLAS

    DIRECTOR

    Total calculated
    $37,400
    From this org
    $37,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • DONNIE SPIVEY

    DIRECTOR

    Total calculated
    $34,650
    From this org
    $34,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7

  • ED CRAWFORD

    DIRECTOR

    Total calculated
    $32,250
    From this org
    $32,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.3

  • EMORY HUNTER

    FORMER DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • GALEN MILLS

    FORMER DIRECTOR

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • GENE HERRITT

    DIRECTOR

    Total calculated
    $46,450
    From this org
    $21,650
    From related orgs
    $0
    Other
    $24,800
    Hours/week
    3.8

  • GENE MORRIS

    DIRECTOR (AS OF 03/24)

    Total calculated
    $41,200
    From this org
    $41,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.6

  • GREG STREHLE

    DIRECTOR

    Total calculated
    $38,500
    From this org
    $38,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • J TYLER CARLSON

    DIRECTOR (as of 03/24)

    Total calculated
    $30,400
    From this org
    $10,600
    From related orgs
    $0
    Other
    $19,800
    Hours/week
    4.5

  • JASEN BRONEC

    DIRECTOR (AS OF 03/24)

    Total calculated
    $32,600
    From this org
    $32,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • JEFF RATHELL

    DIRECTOR

    Total calculated
    $24,500
    From this org
    $24,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.4

  • JEFFERY WRIGHT

    DIRECTOR

    Total calculated
    $34,200
    From this org
    $34,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • JEFFREY PETERSON

    FORMER DIRECTOR

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • JENNIFER MEASON

    DIRECTOR (AS OF 03/24)

    Total calculated
    $39,200
    From this org
    $39,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • JESSICA NELSON

    DIRECTOR

    Total calculated
    $37,300
    From this org
    $37,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • JIM WEBB

    DIRECTOR

    Total calculated
    $37,500
    From this org
    $37,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • JOE MARTIN

    FORMER DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • JUDI ANIBAS

    DIRECTOR (as of 03/24)

    Total calculated
    $23,550
    From this org
    $23,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • KENNETH COLBURN

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

  • KERRY KELTON

    DIRECTOR

    Total calculated
    $35,900
    From this org
    $35,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.1

  • KEVIN DODDRIDGE

    DIRECTOR

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • LYNN JACOBSON

    DIRECTOR

    Total calculated
    $36,300
    From this org
    $24,300
    From related orgs
    $0
    Other
    $12,000
    Hours/week
    5.6

  • MADELINE MCELANEY

    DIRECTOR (as of 03/24)

    Total calculated
    $32,200
    From this org
    $32,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • MARION DENGER

    DIRECTOR

    Total calculated
    $28,100
    From this org
    $28,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    43.5

  • MARK HOFER

    DIRECTOR

    Total calculated
    $34,000
    From this org
    $34,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    13.1

  • MARTY LITTREL

    DIRECTOR

    Total calculated
    $34,000
    From this org
    $34,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • MEERA KOHLER

    FORMER DIRECTOR

    Total calculated
    $11,000
    From this org
    $11,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.2

  • MEL COLEMAN

    DIRECTOR

    Total calculated
    $41,400
    From this org
    $41,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.2

  • NATHANIEL JOHNSON

    DIRECTOR (as of 03/24)

    Total calculated
    $30,400
    From this org
    $30,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.9

  • NORRIS FOWLER

    DIRECTOR

    Total calculated
    $24,650
    From this org
    $24,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.7

  • PATRICK MORSE

    DIRECTOR

    Total calculated
    $33,200
    From this org
    $33,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • RANDY KLEAVING

    DIRECTOR

    Total calculated
    $38,800
    From this org
    $38,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.1

  • RANDY SHAW

    DIRECTOR

    Total calculated
    $12,400
    From this org
    $12,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • RON WATSON

    DIRECTOR

    Total calculated
    $29,200
    From this org
    $29,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    16.3

  • SCOTT HALLOWELL

    DIRECTOR

    Total calculated
    $18,900
    From this org
    $18,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.1

  • STEVEN W WALTER

    FORMER DIRECTOR

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • TIMOTHY J SMITH

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    4.6

  • TIMOTHY VELDE

    DIRECTOR

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    15.8

  • TOM BROWN

    DIRECTOR (as of 03/24)

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

  • TOM MADSEN

    DIRECTOR

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.4

  • WARREN GOETSCH

    DIRECTOR

    Total calculated
    $25,250
    From this org
    $25,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.4

  • DIGNA LOUIS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $802,983
    From this org
    $674,553
    From related orgs
    $0
    Other
    $128,430
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $572,592
    Bonus
    $89,220
    Other
    $12,741
    Deferred
    $78,158
    Nontaxable benefits
    $50,272
    Filer's total
    $802,983

  • JEFFREY CONNOR

    CHIEF OPERATING OFFICER

    Total calculated
    $970,284
    From this org
    $851,814
    From related orgs
    $0
    Other
    $118,470
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $659,376
    Bonus
    $175,200
    Other
    $17,238
    Deferred
    $73,483
    Nontaxable benefits
    $44,987
    Filer's total
    $970,284

  • JIM MATHESON

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $3,576,472
    From this org
    $2,946,380
    From related orgs
    $0
    Other
    $630,092
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $1,580,002
    Bonus
    $996,101
    Other
    $370,277
    Deferred
    $581,572
    Nontaxable benefits
    $48,520
    Filer's total
    $3,576,472

  • ANGELA STRICKLAND

    SVP BUSINESS AND TECHNOLOGY

    Total calculated
    $592,415
    From this org
    $462,098
    From related orgs
    $0
    Other
    $130,317
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $392,371
    Bonus
    $61,100
    Other
    $8,627
    Deferred
    $86,231
    Nontaxable benefits
    $44,086
    Filer's total
    $592,415

  • PETER BAXTER

    SVP INSURANCE & FINANCIAL SERV

    Total calculated
    $1,375,081
    From this org
    $1,235,344
    From related orgs
    $0
    Other
    $139,737
    Hours/week
    57

    Schedule J breakdown matched by us

    Base
    $706,246
    Bonus
    $417,200
    Other
    $111,898
    Deferred
    $99,890
    Nontaxable benefits
    $39,847
    Filer's total
    $1,375,081

  • WAYNE MCGURK

    SVP CHIEF INFORMATION OFFICER

    Total calculated
    $804,727
    From this org
    $648,366
    From related orgs
    $0
    Other
    $156,361
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $517,776
    Bonus
    $80,137
    Other
    $50,453
    Deferred
    $118,346
    Nontaxable benefits
    $38,015
    Filer's total
    $804,727

  • COREY AMON

    VP INVESTMENT STRATEGY AND PERFORMANCE

    Total calculated
    $916,737
    From this org
    $814,649
    From related orgs
    $0
    Other
    $102,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,275
    Bonus
    $407,344
    Other
    $7,030
    Deferred
    $57,596
    Nontaxable benefits
    $44,492
    Filer's total
    $916,737

  • DAVID SCOTT BARASH

    SVP AND GENERAL COUNSEL

    Total calculated
    $658,508
    From this org
    $516,073
    From related orgs
    $0
    Other
    $142,435
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $436,406
    Bonus
    $67,748
    Other
    $11,919
    Deferred
    $98,176
    Nontaxable benefits
    $44,259
    Filer's total
    $658,508

  • KENNETH ALLEN LISAIUS

    SVP COMMUNICATIONS

    Total calculated
    $560,070
    From this org
    $466,984
    From related orgs
    $0
    Other
    $93,086
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $462,038
    Bonus
    $200
    Other
    $4,746
    Deferred
    $46,435
    Nontaxable benefits
    $46,651
    Filer's total
    $560,070

  • LOUIS FINKEL

    SVP GOVERNMENT RELATIONS

    Total calculated
    $935,036
    From this org
    $796,660
    From related orgs
    $0
    Other
    $138,376
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $630,007
    Bonus
    $150,200
    Other
    $16,453
    Deferred
    $94,637
    Nontaxable benefits
    $43,739
    Filer's total
    $935,036

  • SHARMILLA PRADHAN

    VP CHIEF INFORMATION SECURITY OFFICER

    Total calculated
    $526,614
    From this org
    $437,935
    From related orgs
    $0
    Other
    $88,679
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $312,420
    Bonus
    $122,339
    Other
    $3,176
    Deferred
    $54,617
    Nontaxable benefits
    $34,062
    Filer's total
    $526,614

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

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
FOR THE PRESIDENT, THIS HAS BEEN LIMITED TO THOSE THAT SERVED PRIOR TO 2023-2025 (SINCE 2022): NRECA WILL PROVIDE COMPLIMENTARY REGISTRATION AND REIMBURSE TRANSPORTATION AND HOTEL EXPENSES PURSUANT TO THIS POLICY FOR INDIVIDUALS THAT SERVED AS THE PRESIDENT PRIOR RO THE 2023-2025 TERM, AND THEIR SPOUSES, FOR ATTENDENCE AT THE NRECA ANNUAL MEMBER MEETING.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
TAX INDEMNIFICATION AND GROSS UP PAYMENTS: NRECA GROSSES UP PAYMENTS MADE TO STAFF UNDER THE EXECUTIVE 401(K) BONUS PLAN AND ON ELIGIBLE RELOCATION EXPENSES.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING CURRENT AND FORMER EMPLOYEES RECEIVED PAYMENTS FROM AN EXECUTIVE NONQUALIFIED RETIREMENT PLAN. THESE AMOUNT ARE INCLUDED AND REPORTED IN PART II, COLUMN B(III): JIM MATHESON ($287,866), PETER BAXTER ($72,057), WAYNE MCGURK ($31,763).

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.

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.

  • Cooperating INSURANCE SERVICES

    C Corporation · INSURANCE AGENT · VA · 100% owned · share of assets $0 · controlled entity

    Directly controlled by NRECA UNITED INC

  • NRECA UNITED HOLDINGS

    C Corporation · LIFE & HOSPITALIZATION INSURANCE · VA · 100% owned · share of assets $0 · controlled entity

    Directly controlled by NRECA UNITED INC

  • COOPERATIVE BENEFIT ADMINISTRATORS

    C Corporation · CLAIMS ADMINISTRATOR · VA · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NRECA UNITED INC

  • COOPERATING ENERGY SERVICES

    C Corporation · SOFTWARE INTEGRATION DEVELOPMENT · VA · 100% owned · share of assets $0 · controlled entity

    Directly controlled by NRECA UNITED INC

  • HOMESTEAD FINANCIAL SERVICES CORP

    C Corporation · INVESTMENT BROKER · VA · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NRECA UNITED INC

  • HOMESTEAD ADVISERS CORP

    C Corporation · INVESTMENT ADVISER · VA · 100% owned · share of assets $0 · controlled entity

    Directly controlled by NRECA UNITED INC

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202543219349318604

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