Skip to content
Nonprofiteer
← VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED

Form 990 for tax year 2025

Filed by VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED.

Totals

Total revenue
$97,372,153
Total expenses
$97,372,153
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$96,288,351
Investment income
$435,926
Other revenue
$647,876
Total assets, end of year
$251,745,780
Total liabilities, end of year
$139,876,108
Net assets or fund balances, end of year
$111,869,672
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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 $90,103,250 · related or exempt $90,103,250

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $6,185,101 · excluded $6,185,101

  • 3 · Investment income

    total $132,754 · excluded $132,754

  • 6a · Gross rents

    real property $583,857

  • 6c · Rental income or loss

    real property $583,857

  • 6d · Net rental income or loss

    total $583,857 · excluded $583,857

  • 7a · Gross sales of assets other than inventory

    other assets $303,172

  • 7c · Gain or loss

    other assets $303,172

  • 7d · Net gain or loss

    total $303,172 · excluded $303,172

  • 11a · Other revenue: MISC NON-OPERATING INCOME

    total $64,019 · excluded $64,019

  • 11e · Other revenue, total

    $64,019

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,268,565

  • 5 · Compensation of officers, directors and key employees

    total $2,435,130

  • 7 · Other salaries and wages

    total $1,631,899

  • 20 · Interest

    total $3,722,504

  • 22 · Depreciation, depletion and amortization

    total $7,932,494

  • 24a · Other expenses: COST OF POWER

    total $55,292,743

  • 24b · Other expenses: DISTRIBUTION

    total $13,891,424

  • 24c · Other expenses: CONSUMER EXPENSE

    total $3,124,227

  • 24d · Other expenses: TAXES

    total $1,760,784

  • 24e · All other expenses

    total $312,383

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,537,038 · end of year $4,693,333

  • 2 · Savings and temporary cash investments

    beginning of year $79,985 · end of year $314,356

  • 4 · Accounts receivable

    beginning of year $10,159,431 · end of year $9,367,008

  • 8 · Inventories for sale or use

    beginning of year $1,951,634 · end of year $1,722,989

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,677 · end of year $102,704

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

    $248,125,486

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

    $70,743,195

  • 10c · Land, buildings and equipment, net

    beginning of year $169,494,626 · end of year $177,382,291

  • 13 · Investments: program-related

    beginning of year $53,053,543 · end of year $58,029,174

  • 15 · Other assets

    beginning of year $123,649 · end of year $133,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,337,162 · end of year $19,979,731

  • 23 · Secured mortgages and notes payable

    beginning of year $98,885,423 · end of year $110,099,400

  • 25 · Other liabilities

    beginning of year $9,314,603 · end of year $9,796,977

  • 29 · Capital stock, trust principal or current funds

    beginning of year $958,535 · end of year $969,470

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

    beginning of year $5,311,571 · end of year $6,277,627

  • 31 · Retained earnings, endowment or other funds

    beginning of year $98,692,289 · end of year $104,622,575

Mission and programs · 2025

Mission

TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBERS/OWNERS AT A REASONABLE COST

  • TO PROVIDE ELECTRICITY TO OUR MEMBERS - 39,641 ACTIVE SERVICES (45,284 TOTAL SERVICES IN PLACE - 5,643 IDLE SERVICES) AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.

As filed on the 2025 return.

Listed in Part VII

  • Alice Houston

    GENERAL MANA

    Total calculated
    $518,812
    From this org
    $372,742
    From related orgs
    $0
    Other
    $146,070
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $355,735
    Bonus
    $300
    Other
    $16,707
    Deferred
    $111,213
    Nontaxable benefits
    $34,857
    Filer's total
    $518,812

  • Michael Hall

    COO / CAO

    Total calculated
    $480,345
    From this org
    $338,782
    From related orgs
    $0
    Other
    $141,563
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,463
    Bonus
    $800
    Other
    $22,519
    Deferred
    $107,376
    Nontaxable benefits
    $34,187
    Filer's total
    $480,345

  • Danny Bement

    DIR OPERATIO

    Total calculated
    $403,126
    From this org
    $217,388
    From related orgs
    $0
    Other
    $185,738
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,736
    Bonus
    $731
    Other
    $12,921
    Deferred
    $139,597
    Nontaxable benefits
    $46,141
    Filer's total
    $403,126

  • Marlin Barnhart

    ASSIST TO CO

    Total calculated
    $370,911
    From this org
    $213,279
    From related orgs
    $0
    Other
    $157,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,344
    Bonus
    $800
    Other
    $7,135
    Deferred
    $124,396
    Nontaxable benefits
    $33,236
    Filer's total
    $370,911

  • Keith Delozier

    ENGINEER

    Total calculated
    $346,677
    From this org
    $210,778
    From related orgs
    $0
    Other
    $135,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,257
    Bonus
    $747
    Other
    $31,774
    Deferred
    $92,765
    Nontaxable benefits
    $43,134
    Filer's total
    $346,677

  • Floriene Prock

    CFO

    Total calculated
    $345,765
    From this org
    $187,016
    From related orgs
    $0
    Other
    $158,749
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,043
    Bonus
    $749
    Other
    $5,224
    Deferred
    $126,052
    Nontaxable benefits
    $32,697
    Filer's total
    $345,765

  • Daniel Lemke

    CONTRACTOR C

    Total calculated
    $329,665
    From this org
    $196,417
    From related orgs
    $0
    Other
    $133,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,852
    Bonus
    $625
    Other
    $7,940
    Deferred
    $100,516
    Nontaxable benefits
    $32,732
    Filer's total
    $329,665

  • Roger Salisbury

    LINEMAN

    Total calculated
    $323,461
    From this org
    $222,863
    From related orgs
    $0
    Other
    $100,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,183
    Bonus
    $700
    Other
    $3,980
    Deferred
    $69,112
    Nontaxable benefits
    $31,486
    Filer's total
    $323,461

  • Shannon Brewer

    ROW COORDINA

    Total calculated
    $323,121
    From this org
    $199,330
    From related orgs
    $0
    Other
    $123,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,087
    Bonus
    $500
    Other
    $3,743
    Deferred
    $90,760
    Nontaxable benefits
    $33,031
    Filer's total
    $323,121

  • Michael Mattox

    LINEMAN

    Total calculated
    $308,975
    From this org
    $194,580
    From related orgs
    $0
    Other
    $114,395
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,874
    Bonus
    $669
    Other
    $1,037
    Deferred
    $70,023
    Nontaxable benefits
    $44,372
    Filer's total
    $308,975

  • Jack Bogart

    TRUSTEE

    Total calculated
    $50,187
    From this org
    $50,187
    From related orgs
    $0
    Other
    $0
    Hours/week
    18

  • Jimmy Brackett

    VICE PRESIDE

    Total calculated
    $45,387
    From this org
    $45,387
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Dennis Lenox

    PRESIDENT

    Total calculated
    $43,569
    From this org
    $43,569
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jimmy Lambert

    TRUSTEE

    Total calculated
    $42,987
    From this org
    $42,987
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • John Hibdon

    TRUSTEE

    Total calculated
    $37,587
    From this org
    $37,587
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • John Brogan

    TRUSTEE

    Total calculated
    $30,747
    From this org
    $30,747
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Charles Huerter

    TRUSTEE

    Total calculated
    $29,528
    From this org
    $29,528
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Ken Howard

    TRUSTEE

    Total calculated
    $28,346
    From this org
    $28,346
    From related orgs
    $0
    Other
    $0
    Hours/week
    14

  • Buddy McCarty

    SECRETARY

    Total calculated
    $7,833
    From this org
    $7,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

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 · 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

The filer's explanations (Part III)

SCHEDULE J, PART III
PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF RS DEFINED BENEFIT PENSION PLAN. THIS INCREASE OR DECREASE DOES NOT REPRESENT CASH PAYMENTS UNDER THE PLAN.

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.

  • VERDIGRIS VALLEY SERVICES

    INACTIVE · OK · 100% owned

  • VERDIGRIS VALLEY ECONOMIC DEVELOPMENT

    INACTIVE · OK · 100% owned

Provenance

Return type
form_990
Tax year
2025
Filed
6 July 2026
IRS schema version
2025v4.0
Source object
202612269349301901

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.