Totals
- Total revenue
- $38,001,256
- Total expenses
- $38,001,256
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $37,417,853
- Investment income
- $180,408
- Other revenue
- $402,995
- Total assets, end of year
- $70,834,513
- Total liabilities, end of year
- $28,927,283
- Net assets or fund balances, end of year
- $41,907,230
- 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.
-
2a · Program service revenue: SALES OF ELECTRICITY
total $36,930,804 · related or exempt $36,930,804 · unrelated business $0 · excluded $0
-
2b · Program service revenue: OTHER SERVICE REVENUES
total $487,049 · related or exempt $487,049 · 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 $164,908 · related or exempt $164,908 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $3,365 · related or exempt $3,365 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $15,500
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $0 · other assets $15,500
-
7d · Net gain or loss
total $15,500 · related or exempt $0 · unrelated business $0 · excluded $15,500
-
11a · Other revenue: PATRONAGE CAPITAL CREDITS
total $256,378 · related or exempt $256,378 · unrelated business $0 · excluded $0
-
11b · Other revenue: OTHER REVENUE
total $143,252 · related or exempt $143,252 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$399,630
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total -$238,142
-
5 · Compensation of officers, directors and key employees
total $1,356,891
-
7 · Other salaries and wages
total $2,465,948
-
8 · Pension plan contributions
total $424,749
-
9 · Other employee benefits
total $681,060
-
10 · Payroll taxes
total $253,156
-
11b · Fees: legal
total $42,037
-
11c · Fees: accounting
total $20,525
-
11g · Fees: other
total $5,056,174
-
12 · Advertising and promotion
total $32,750
-
13 · Office expenses
total $51,941
-
14 · Information technology
total $45,892
-
16 · Occupancy
total $250,954
-
17 · Travel
total $18,499
-
20 · Interest
total $620,704
-
22 · Depreciation, depletion and amortization
total $2,231,576
-
23 · Insurance
total $294,576
-
24a · Other expenses: PURCHASED POWER COST
total $27,989,221
-
24b · Other expenses: TRANSMISSION & DISTRIBUTION
total $1,257,173
-
24c · Other expenses: CONSUMER ACCTS & GEN/ADMINISTRATION
total $426,884
-
24d · Other expenses: LESS: COST CAPITALIZED TO CONSTRUCTION
total -$5,281,312
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $115,094 · end of year $17,286
-
2 · Savings and temporary cash investments
beginning of year $6,172,423 · end of year $3,464,461
-
4 · Accounts receivable
beginning of year $4,685,005 · end of year $3,844,137
-
8 · Inventories for sale or use
beginning of year $945,702 · end of year $1,050,244
-
9 · Prepaid expenses and deferred charges
beginning of year $408,642 · end of year $646,287
-
10a · Land, buildings and equipment: cost or other basis
$90,518,476
-
10b · Land, buildings and equipment: accumulated depreciation
$45,393,376
-
10c · Land, buildings and equipment, net
beginning of year $40,053,827 · end of year $45,125,100
-
13 · Investments: program-related
beginning of year $16,510,704 · end of year $16,686,998
-
17 · Accounts payable and accrued expenses
beginning of year $5,403,622 · end of year $5,783,207
-
23 · Secured mortgages and notes payable
beginning of year $11,003,781 · end of year $10,694,371
-
25 · Other liabilities
beginning of year $9,992,477 · end of year $12,449,705
-
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 $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $42,491,517 · end of year $41,907,230
Mission and programs · 2024
Mission
PANOLA-HARRISON ELECTRIC COOPERATIVE IS AN ELECTRIC DISTRIBUTION COOPERATIVE FORMED FOR THE PURPOSE OF PROVIDING ELECTRICITY TO RURAL CUSTOMERS IN PANOLA AND HARRISON COUNTIES IN TEXAS; CADDO AND DESOTO PARISHES IN LOUISIANA.
Activities or mission (Part I)
DISTRIBUTION OF ELECTRICITY AND RELATED SERVICES TO RURAL CUSTOMERS / MEMBERS
-
SUPPLYING ELECTRIC SERVICE TO APPROXIMATELY 20,710 RURAL CUSTOMER METERS
As filed on the 2024 return.
Listed in Part VII
-
M Austin HaynesM AUSTIN HAYNES
GENERAL MANAGER
- Total calculated
- $261,998
- From this org
- $184,983
- From related orgs
- $0
- Other
- $77,015
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $181,983
- Bonus
- $3,000
- Other
- $0
- Deferred
- $43,838
- Nontaxable benefits
- $33,177
- Filer's total
- $261,998
-
Codie StewartCODIE STEWART
SERVICEMAN/SERVICE LINEMAN
- Total calculated
- $207,177
- From this org
- $151,727
- From related orgs
- $0
- Other
- $55,450
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $149,927
- Bonus
- $1,800
- Other
- $0
- Deferred
- $22,960
- Nontaxable benefits
- $32,490
- Filer's total
- $207,177
-
Jay KingJAY KING
SERVICEMAN/SERVICE LINEMAN
- Total calculated
- $197,913
- From this org
- $141,200
- From related orgs
- $0
- Other
- $56,713
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $139,400
- Bonus
- $1,800
- Other
- $0
- Deferred
- $24,190
- Nontaxable benefits
- $32,523
- Filer's total
- $197,913
-
Paul DavidsonPAUL DAVIDSON
CREW FOREMAN
- Total calculated
- $188,870
- From this org
- $132,879
- From related orgs
- $0
- Other
- $55,991
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $131,079
- Bonus
- $1,800
- Other
- $0
- Deferred
- $23,484
- Nontaxable benefits
- $32,507
- Filer's total
- $188,870
-
Tony RatcliffTONY RATCLIFF
LINEMAN
- Total calculated
- $181,334
- From this org
- $128,565
- From related orgs
- $0
- Other
- $52,769
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $127,065
- Bonus
- $1,500
- Other
- $0
- Deferred
- $20,361
- Nontaxable benefits
- $32,407
- Filer's total
- $181,333
-
Jacob PittsJACOB PITTS
SERVICEMAN/SERVICE LINEMAN
- Total calculated
- $168,722
- From this org
- $128,834
- From related orgs
- $0
- Other
- $39,888
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $127,034
- Bonus
- $1,800
- Other
- $0
- Deferred
- $22,928
- Nontaxable benefits
- $16,960
- Filer's total
- $168,722
-
Albert S TillerALBERT S TILLER
PRESIDENT / DIRECTOR
- Total calculated
- $35,170
- From this org
- $35,170
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Jay GoswickJAY GOSWICK
VICE PRESIDENT/DIRECTOR
- Total calculated
- $29,762
- From this org
- $29,762
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Paul FortunePAUL FORTUNE
SECRETARY/TREASURER/DIRECTOR
- Total calculated
- $28,086
- From this org
- $28,086
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
H Gene Stough JrH GENE STOUGH JR
DIRECTOR
- Total calculated
- $27,469
- From this org
- $27,469
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Robert OrtigoROBERT ORTIGO
DIRECTOR
- Total calculated
- $14,963
- From this org
- $14,963
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Debbie BurchDEBBIE BURCH
DIRECTOR
- Total calculated
- $9,000
- From this org
- $9,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Jerry L HolmesJERRY L HOLMES
DIRECTOR
- Total calculated
- $5,807
- From this org
- $5,807
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
-
Roger ConnellROGER CONNELL
DIRECTOR
- Total calculated
- $620
- From this org
- $620
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
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 · 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
The filer's explanations (Part III)
- Schedule J, Part I, Line 3
- See Schedule O
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202502829349301440
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