Totals
- Total revenue
- $915,533,213
- Total expenses
- $886,312,808
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $906,845,308
- Investment income
- $1,499,205
- Other revenue
- $7,188,700
- Total assets, end of year
- $1,599,226,510
- Total liabilities, end of year
- $1,087,358,528
- Net assets or fund balances, end of year
- $511,867,982
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: Utilities
total $906,845,308 · related or exempt $906,845,308 · unrelated business $0 · excluded $0
-
2b · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2c · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2d · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2e · Program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,499,205 · related or exempt $0 · unrelated business $0 · excluded $1,499,205
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: Other activity
total $2,861,265 · related or exempt $0 · unrelated business $0 · excluded $2,861,265
-
11b · Other revenue
total $4,327,435 · related or exempt $4,327,435 · unrelated business $0 · excluded $0
-
11c · Other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$7,188,700
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $2,682,405 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $4,058,201 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $1,340,311 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $1,039,008 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $660,699 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $552,935 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $165,001 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $2,282,564 · program services $0 · management and general $0 · fundraising $0
-
13 · Office expenses
total $315,719 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $137,950 · program services $0 · management and general $0 · fundraising $0
-
17 · Travel
total $290,901 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $114,665 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $41,876,170 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $124,048,270 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $3,437,151 · program services $0 · management and general $0 · fundraising $0
-
24a · Other expenses: Fuel
total $341,025,336 · program services $0 · management and general $0 · fundraising $0
-
24b · Other expenses: Transmission
total $200,528,929 · program services $0 · management and general $0 · fundraising $0
-
24c · Other expenses: Production
total $107,247,052 · program services $0 · management and general $0 · fundraising $0
-
24d · Other expenses: Maintenance
total $43,106,030 · program services $0 · management and general $0 · fundraising $0
-
24e · All other expenses
total $11,403,511 · program services $0 · management and general $0 · fundraising $0
-
26 · Joint costs (an allocation of the lines above)
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $50,143,568 · end of year $30,040,323
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $72,321,213 · end of year $75,055,382
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $113,777,727 · end of year $98,730,369
-
9 · Prepaid expenses and deferred charges
beginning of year $3,005,116 · end of year $2,424,164
-
10a · Land, buildings and equipment: cost or other basis
$1,343,873,940
-
10b · Land, buildings and equipment: accumulated depreciation
$678,125,417
-
10c · Land, buildings and equipment, net
beginning of year $672,201,089 · end of year $665,748,523
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $44,901,680 · end of year $44,615,214
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $740,065,812 · end of year $682,612,535
-
17 · Accounts payable and accrued expenses
beginning of year $69,229,151 · end of year $64,286,710
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $15,000,000 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $867,141,218 · end of year $828,808,893
-
24 · Unsecured notes and loans payable
beginning of year $166,600,000 · end of year $132,000,000
-
25 · Other liabilities
beginning of year $66,393,278 · end of year $62,262,925
-
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 $27,204,218 · end of year $27,204,218
-
31 · Retained earnings, endowment or other funds
beginning of year $484,848,340 · end of year $484,663,764
Mission and programs · 2024
Mission
Deliver to Members stably and competitively priced economical and highly reliable wholesale power for the benefit of their members and their communities.
-
Buckeye Power Inc Buckeye is an electric generation and transmission cooperative. Buckeye provides wholesale electric service to its 25 Members constituting all of the electric distribution cooperatives engaged in the sale of electricity within the State of Ohio. Buckeye which is headquartered in Columbus Ohio is a not-for-profit corporation operating on a cooperative basis incorporated under the laws of the state of Ohio.
Revenue $911,172,743
As filed on the 2024 return.
Listed in Part VII
-
Steven Nelson
Chairman
- Total calculated
- $11,800
- From this org
- $11,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4 + 0.5 related
-
John Metcalf
Vice Chairman
- Total calculated
- $5,200
- From this org
- $5,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.5 + 0.5 related
-
Todd Ware
Treasurer
- Total calculated
- $3,600
- From this org
- $3,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.5 + 0.5 related
-
Phillip Caskey
Trustee
- Total calculated
- $0
- Hours/week
- 1.65 + 0.5 related
-
Ted Holsapple
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Don Englet
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Brian Hill
Trustee
- Total calculated
- $0
- Hours/week
- 1.5 + 0.5 related
-
Bill Barnhart
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Glenn Miller
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Larry Fenbers
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Tom Musick
Trustee
- Total calculated
- $400
- From this org
- $400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.25 + 0.5 related
-
Gary Rowland
Trustee
- Total calculated
- $0
- Hours/week
- 1.35 + 0.5 related
-
Tom Wolfenbarger
Trustee
- Total calculated
- $0
- Hours/week
- 1.5 + 0.5 related
-
Gary Knapke
Trustee
- Total calculated
- $1,425
- From this org
- $1,425
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.25 + 0.5 related
-
Dan Bodette
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Ed VanHoose
Trustee
- Total calculated
- $0
- Hours/week
- 1.75 + 0.5 related
-
Darin Thorp
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Richard Lemonds
Secretary
- Total calculated
- $0
- Hours/week
- 2.5 + 0.5 related
-
Brett Perkins
Trustee
- Total calculated
- $2,800
- From this org
- $2,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.7 + 0.5 related
-
Anthony Smith
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Jeff Triplett
Trustee
- Total calculated
- $0
- Hours/week
- 2.5 + 0.5 related
-
Erika Ackley
Trustee
- Total calculated
- $0
- Hours/week
- 1.65 + 0.5 related
-
Kent Eldridge
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Matt Berry
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Randy Price
Trustee
- Total calculated
- $0
- Hours/week
- 1.6 + 0.5 related
-
Tim Street
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 related
-
Tom Alban
VP Power Generation
- Total calculated
- $431,505
- From this org
- $296,901
- From related orgs
- $12,371
- Other
- $122,233
- Hours/week
- 38.4 + 1.6 related
Schedule J breakdown matched by us
- Base
- $286,290 + $11,929 related
- Bonus
- $336 + $14 related
- Other
- $10,275 + $428 related
- Deferred
- $96,601 + $4,025 related
- Nontaxable benefits
- $20,743 + $864 related
- Filer's total
- $414,245 + $17,260 related
-
Craig Grooms
President CEO Jan to June 2025
- Total calculated
- $567,648
- From this org
- $378,698
- From related orgs
- $28,505
- Other
- $160,445
- Hours/week
- 37.2 + 2.8 related
Schedule J breakdown matched by us
- Base
- $367,768 + $27,682 related
- Bonus
- $326 + $25 related
- Other
- $10,604 + $798 related
- Deferred
- $129,120 + $9,719 related
- Nontaxable benefits
- $20,094 + $1,512 related
- Filer's total
- $527,912 + $39,736 related
-
Kurt Helfrich
General Council
- Total calculated
- $493,455
- From this org
- $326,560
- From related orgs
- $57,629
- Other
- $109,266
- Hours/week
- 34 + 6 related
Schedule J breakdown matched by us
- Base
- $313,137 + $55,260 related
- Bonus
- $3,698 + $653 related
- Other
- $9,725 + $1,716 related
- Deferred
- $67,801 + $11,965 related
- Nontaxable benefits
- $25,075 + $4,425 related
- Filer's total
- $419,436 + $74,019 related
-
Doug Miller
VP Statewide Services
- Total calculated
- $481,860
- From this org
- $78,394
- From related orgs
- $235,184
- Other
- $168,282
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $75,825 + $227,474 related
- Bonus
- $713 + $2,138 related
- Other
- $1,857 + $5,572 related
- Deferred
- $36,669 + $110,006 related
- Nontaxable benefits
- $5,402 + $16,205 related
- Filer's total
- $120,466 + $361,395 related
-
Patrick O'Loughlin
President CEO July to Dec 2024
- Total calculated
- $1,394,914
- From this org
- $1,018,694
- From related orgs
- $223,616
- Other
- $152,604
- Hours/week
- 32.8 + 7.2 related
Schedule J breakdown matched by us
- Base
- $1,007,536 + $221,167 related
- Bonus
- $287 + $63 related
- Other
- $10,871 + $2,386 related
- Deferred
- $107,418 + $23,579 related
- Nontaxable benefits
- $17,718 + $3,889 related
- Filer's total
- $1,143,830 + $251,084 related
-
William Roberts
VP Finance CFO
- Total calculated
- $525,638
- From this org
- $317,678
- From related orgs
- $79,419
- Other
- $128,541
- Hours/week
- 32 + 8 related
Schedule J breakdown matched by us
- Base
- $302,766 + $75,691 related
- Bonus
- $2,280 + $570 related
- Other
- $12,632 + $3,158 related
- Deferred
- $93,071 + $23,268 related
- Nontaxable benefits
- $9,762 + $2,440 related
- Filer's total
- $420,511 + $105,127 related
-
Greg Niese
Director of IT
- Total calculated
- $336,931
- From this org
- $182,300
- From related orgs
- $32,171
- Other
- $122,460
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $178,232 + $31,453 related
- Bonus
- $2,423 + $428 related
- Other
- $1,646 + $290 related
- Deferred
- $80,338 + $14,177 related
- Nontaxable benefits
- $23,753 + $4,192 related
- Filer's total
- $286,392 + $50,540 related
-
Randall Keefer
Director Fuel Procurement Byproduct Sales
- Total calculated
- $286,718
- From this org
- $215,301
- From related orgs
- $0
- Other
- $71,417
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,970
- Bonus
- $350
- Other
- $1,981
- Deferred
- $50,103
- Nontaxable benefits
- $21,314
- Filer's total
- $286,718
-
Dave Richardson
Plant Manager
- Total calculated
- $306,679
- From this org
- $222,771
- From related orgs
- $0
- Other
- $83,908
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,333
- Bonus
- $350
- Other
- $3,088
- Deferred
- $62,577
- Nontaxable benefits
- $21,331
- Filer's total
- $306,679
-
Bethany Schunn
Plant Manager
- Total calculated
- $351,004
- From this org
- $291,040
- From related orgs
- $0
- Other
- $59,964
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $247,117
- Bonus
- $43,393
- Other
- $530
- Deferred
- $30,597
- Nontaxable benefits
- $29,367
- Filer's total
- $351,004
-
Kevin Zemanek
VP Operations
- Total calculated
- $321,322
- From this org
- $237,741
- From related orgs
- $17,895
- Other
- $65,686
- Hours/week
- 37.2 + 2.8 related
Schedule J breakdown matched by us
- Base
- $227,507 + $17,124 related
- Bonus
- $3,116 + $235 related
- Other
- $7,119 + $536 related
- Deferred
- $41,277 + $3,107 related
- Nontaxable benefits
- $19,811 + $1,491 related
- Filer's total
- $298,830 + $22,493 related
-
Ben Wilson
Assistant VP Power Delivery
- Total calculated
- $277,641
- From this org
- $197,418
- From related orgs
- $21,935
- Other
- $58,288
- Hours/week
- 36 + 4 related
Schedule J breakdown matched by us
- Base
- $196,730 + $21,859 related
- Bonus
- $315 + $35 related
- Other
- $373 + $41 related
- Deferred
- $26,268 + $2,919 related
- Nontaxable benefits
- $26,191 + $2,910 related
- Filer's total
- $249,877 + $27,764 related
-
Dwight Miller
Sr Director Safety Training Loss Prevention
- Total calculated
- $318,529
- From this org
- $4,209
- From related orgs
- $206,252
- Other
- $108,068
- Hours/week
- 0.8 + 39.2 related
Schedule J breakdown matched by us
- Base
- $4,106 + $201,229 related
- Bonus
- $7 + $343 related
- Other
- $96 + $4,680 related
- Deferred
- $1,739 + $85,203 related
- Nontaxable benefits
- $423 + $20,703 related
- Filer's total
- $6,371 + $312,158 related
-
Ken Tolliver
Trustee
- Total calculated
- $0
- Hours/week
- 1.25 + 0.5 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
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 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)
- Part I Line 4b
- | Name :, Title:, Item Selected:, Amount:| Craig Grooms, 0|
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.
-
Ohio Rural Electric Cooperatives Inc
501(C)(6) · Statewide trade association for electric distribution cooperatives · OH
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.
-
Buckeye Power Generating LLC
Acquire electric power · OH · income $16,093,664 · assets $254,307,164
Directly controlled by Buckeye Power Inc
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Cardinal Operating Company
C-Corporation · electric generation · OH · 100% owned · share of income $0 · share of assets $0 · controlled entity
Directly controlled by Buckeye Power Inc
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 October 2025
- IRS schema version
- 2024v5.1
- Source object
- 202503049349300205
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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