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Nonprofiteer
← OUACHITA ELECTRIC COOP CORP 474

Form 990 for tax year 2023

Filed by OUACHITA ELECTRIC COOP CORP 474.

Totals

Total revenue
$25,102,688
Total expenses
$25,141,628
Contributions and grants received
$0
Grants paid
$14,452
Program service revenue
$24,437,962
Investment income
$492,564
Other revenue
$172,162
Total assets, end of year
$118,302,555
Total liabilities, end of year
$66,693,632
Net assets or fund balances, end of year
$51,608,923
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: SALE OF ELECTRICITY

    total $23,923,411 · related or exempt $23,923,411

  • 2b · Program service revenue: OTHER CAPITAL CREDITS & DIVIDENDS

    total $514,551 · related or exempt $514,551

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $490,071 · excluded $490,071

  • 6a · Gross rents

    personal property $169,982

  • 6c · Rental income or loss

    real property $0 · personal property $169,982

  • 6d · Net rental income or loss

    total $169,982 · excluded $169,982

  • 7a · Gross sales of assets other than inventory

    other assets $2,753

  • 7b · Less cost or other basis and sales expenses

    securities $260

  • 7c · Gain or loss

    securities -$260 · other assets $2,753

  • 7d · Net gain or loss

    total $2,493 · excluded $2,493

  • 11d · All other revenue

    total $2,180 · related or exempt $0 · unrelated business $0 · excluded $2,180

  • 11e · Other revenue, total

    $2,180

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,452

  • 4 · Benefits paid to or for members

    total $863,295

  • 5 · Compensation of officers, directors and key employees

    total $487,985

  • 7 · Other salaries and wages

    total $1,466,328

  • 8 · Pension plan contributions

    total $18,238

  • 9 · Other employee benefits

    total -$151,353

  • 11g · Fees: other

    total $124,460

  • 12 · Advertising and promotion

    total $1,749

  • 13 · Office expenses

    total $170,461

  • 16 · Occupancy

    total $145,112

  • 20 · Interest

    total $2,775,375

  • 22 · Depreciation, depletion and amortization

    total $3,016,993

  • 23 · Insurance

    total $142,544

  • 24a · Other expenses: COST OF POWER

    total $8,928,641

  • 24b · Other expenses: DISTRIBUTION

    total $5,887,161

  • 24c · Other expenses: POWER PRODUCTION EXPENSE

    total $193,915

  • 24d · Other expenses: APSC TAXES

    total $42,930

  • 24e · All other expenses

    total $1,013,342

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,933,949 · end of year $2,798,323

  • 2 · Savings and temporary cash investments

    beginning of year $1,378,905 · end of year $2,303,278

  • 4 · Accounts receivable

    beginning of year $3,253,351 · end of year $4,513,857

  • 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 $440,290 · end of year $445,879

  • 8 · Inventories for sale or use

    beginning of year $1,210,840 · end of year $1,838,911

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,198,174 · end of year $2,396,417

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

    $116,739,549

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

    $34,624,654

  • 10c · Land, buildings and equipment, net

    beginning of year $80,356,272 · end of year $82,114,895

  • 11 · Investments: publicly traded securities

    beginning of year $1,407,088 · end of year $1,273,553

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $18,560,781 · end of year $18,257,798

  • 15 · Other assets

    beginning of year $2,130,975 · end of year $2,359,644

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,111,611 · end of year $4,271,725

  • 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 $63,921,185 · end of year $62,013,497

  • 25 · Other liabilities

    beginning of year $322,278 · end of year $408,410

  • 29 · Capital stock, trust principal or current funds

    beginning of year $104,579 · end of year $103,293

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

    beginning of year $2,335,360 · end of year $2,566,707

  • 31 · Retained earnings, endowment or other funds

    beginning of year $49,075,612 · end of year $48,938,923

Mission and programs · 2023

Mission

TO PROVIDE THE BEST ELECTRIC SERVICE THE COOPERATIVE CAN PROVIDE TO ALL WHO DESIRE IT WITHIN THE SERVICE AREA OF THE COOPERATIVE AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Activities or mission (Part I)

PROVIDE ECONOMICAL AND RELIABLE ELECTRICAL POWER TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.

  • SALES OF 232,460,337 KILOWATT HOURS OF ELECTRIC ENERGY.

As filed on the 2023 return.

Listed in Part VII

  • David McLeane

    CHAIRMAN

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.2

  • Lisa Hendrix

    VICE CHAIRMAN

    Total calculated
    $7,200
    From this org
    $7,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Walter Pigott

    SECRETARY/TREASURER

    Total calculated
    $15,750
    From this org
    $15,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.3

  • Beau Morgan

    DIRECTOR

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

  • Corbet J Lamkin

    DIRECTOR

    Total calculated
    $15,750
    From this org
    $15,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Danny Adams

    DIRECTOR

    Total calculated
    $8,550
    From this org
    $8,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Gregg Goss

    DIRECTOR

    Total calculated
    $9,450
    From this org
    $9,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • James Garner

    DIRECTOR

    Total calculated
    $8,550
    From this org
    $8,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • Sheila Johnson

    DIRECTOR

    Total calculated
    $11,250
    From this org
    $11,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Judy Taylor

    FINANCE & ACCT MANGR

    Total calculated
    $125,800
    From this org
    $93,851
    From related orgs
    $0
    Other
    $31,949
    Hours/week
    50

  • Shawn Dorlinger

    GENERAL MANAGER

    Total calculated
    $263,186
    From this org
    $164,975
    From related orgs
    $0
    Other
    $98,211
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,054
    Bonus
    $1,083
    Other
    $2,838
    Deferred
    $71,710
    Nontaxable benefits
    $26,501
    Filer's total
    $263,186

  • Bryan Dunn

    DISTRIBUTION SYS DIST/BR MGR

    Total calculated
    $202,083
    From this org
    $121,048
    From related orgs
    $0
    Other
    $81,035
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $119,332
    Bonus
    $1,083
    Other
    $633
    Deferred
    $48,456
    Nontaxable benefits
    $32,579
    Filer's total
    $202,083

  • David O'Hara

    OPERATIONS LEADERSHIP/MGMT

    Total calculated
    $195,904
    From this org
    $149,102
    From related orgs
    $0
    Other
    $46,802
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,066
    Bonus
    $1,083
    Other
    $3,953
    Deferred
    $16,630
    Nontaxable benefits
    $30,172
    Filer's total
    $195,904

  • Jeremy C Davis

    ENGINEERING SERVICES TECH.

    Total calculated
    $193,092
    From this org
    $121,782
    From related orgs
    $0
    Other
    $71,310
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $120,140
    Bonus
    $1,083
    Other
    $559
    Deferred
    $43,783
    Nontaxable benefits
    $27,527
    Filer's total
    $193,092

  • Jimmy Pitts

    ENGINEERING SERVICES TECH

    Total calculated
    $192,126
    From this org
    $117,325
    From related orgs
    $0
    Other
    $74,801
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $115,683
    Bonus
    $1,083
    Other
    $559
    Deferred
    $43,729
    Nontaxable benefits
    $31,072
    Filer's total
    $192,126

  • Troy Carter

    LEAD LINEMAN

    Total calculated
    $196,769
    From this org
    $124,715
    From related orgs
    $0
    Other
    $72,054
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $123,120
    Bonus
    $1,083
    Other
    $512
    Deferred
    $41,008
    Nontaxable benefits
    $31,046
    Filer's total
    $196,769

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 · Form 990 of other organizations
  • 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.

  • OUACHITA ELECTRIC SERVICES INCORPORATED

    C Corporation · INTERNET SERVICE · AR · 100% owned · share of income $478 · share of assets $5,089,399 · controlled entity

    Directly controlled by OECC

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202413059349300741

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