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Nonprofiteer
← OZARK ELECTRIC COOPERATIVE

Form 990 for tax year 2025

Filed by OZARK ELECTRIC COOPERATIVE.

Totals

Total revenue
$87,856,093
Total expenses
$87,856,093
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$82,204,817
Investment income
$254,957
Other revenue
$5,396,319
Total assets, end of year
$228,726,063
Total liabilities, end of year
$103,999,995
Net assets or fund balances, end of year
$124,726,068
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$87,856,093

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: Electricity Billings

    total $81,389,417 · related or exempt $81,389,417

  • 2b · Program service revenue: PenaltyService Revenue

    total $780,903 · related or exempt $780,903

  • 2c · Program service revenue: Other Electric Revenues

    total $34,497 · related or exempt $34,497

  • 3 · Investment income

    total $247,781 · related or exempt $247,781

  • 6a · Gross rents

    personal property $462,073

  • 6c · Rental income or loss

    personal property $462,073

  • 6d · Net rental income or loss

    total $462,073 · excluded $462,073

  • 7a · Gross sales of assets other than inventory

    other assets $20,203

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

    other assets $13,027

  • 7c · Gain or loss

    other assets $7,176

  • 7d · Net gain or loss

    total $7,176

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $16,584

  • 10b · Cost of goods sold

    $16,368

  • 10c · Net income from sales of inventory

    total $216

  • 11a · Other revenue: Pat Cap Power Supplier

    total $4,079,813 · related or exempt $4,079,813

  • 11b · Other revenue: Pat Cap Other

    total $854,217 · related or exempt $854,217

  • 11e · Other revenue, total

    $4,934,030

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $14,787,056

  • 5 · Compensation of officers, directors and key employees

    total $728,270

  • 20 · Interest

    total $3,974,788

  • 22 · Depreciation, depletion and amortization

    total $6,026,797

  • 24a · Other expenses: Cost of Purchased Power

    total $41,609,110

  • 24b · Other expenses: Distribution Exp OpMaint

    total $15,086,858

  • 24c · Other expenses: Consumer AcctsSales

    total $2,666,743

  • 24d · Other expenses: AdminGeneral

    total $2,674,728

  • 24e · All other expenses

    total $301,743

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,946,915 · end of year $2,526,271

  • 2 · Savings and temporary cash investments

    beginning of year $2,176,581 · end of year $4,946,504

  • 4 · Accounts receivable

    beginning of year $3,911,530 · end of year $2,394,803

  • 8 · Inventories for sale or use

    beginning of year $2,933,921 · end of year $2,658,680

  • 9 · Prepaid expenses and deferred charges

    beginning of year $461,525 · end of year $380,079

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

    $226,406,835

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

    $62,810,747

  • 10c · Land, buildings and equipment, net

    beginning of year $158,733,527 · end of year $163,596,088

  • 13 · Investments: program-related

    beginning of year $42,535,806 · end of year $46,559,725

  • 15 · Other assets

    beginning of year $5,600,394 · end of year $5,663,913

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,903,855 · end of year $9,950,563

  • 23 · Secured mortgages and notes payable

    beginning of year $95,000,099 · end of year $91,840,954

  • 25 · Other liabilities

    beginning of year $1,368,913 · end of year $2,208,478

  • 31 · Retained earnings, endowment or other funds

    beginning of year $113,027,332 · end of year $124,726,068

Mission and programs · 2025

Mission

To provide distribution of reliable electricity to members at the lowest possible cost.

Activities or mission (Part I)

The most significant activity of the organization is the distribution of electricity to members at an affordable rate

  • Ozark Electric purchased electric energy (575,877,409 kWh) and distributed it to 35,806 accounts over 4,959 miles of line, which includes nine counties in Southwest Missouri. The cooperative operates and maintains meters, a mapping system, overhead and underground electric lines, transformers, and security lights (among other equipment) across the entire system.

    Expenses $87,856,093

As filed on the 2025 return.

Listed in Part VII

  • Patrick Oehlschlager

    General Manager

    Total calculated
    $376,989
    From this org
    $301,827
    From related orgs
    $0
    Other
    $75,162
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $301,827
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $75,162
    Filer's total
    $376,989

  • Kenneth Raming

    Manager Engineering

    Total calculated
    $349,676
    From this org
    $199,311
    From related orgs
    $0
    Other
    $150,365
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $199,311
    Bonus
    not reported
    Other
    not reported
    Deferred
    $97,762
    Nontaxable benefits
    $52,603
    Filer's total
    $349,676

  • Steve Swearingen

    Manager Operations

    Total calculated
    $299,614
    From this org
    $168,528
    From related orgs
    $0
    Other
    $131,086
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,528
    Bonus
    not reported
    Other
    not reported
    Deferred
    $85,214
    Nontaxable benefits
    $45,872
    Filer's total
    $299,614

  • Vincent Robison

    Construction Foreman

    Total calculated
    $233,971
    From this org
    $149,999
    From related orgs
    $0
    Other
    $83,972
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,999
    Bonus
    not reported
    Other
    not reported
    Deferred
    $43,470
    Nontaxable benefits
    $40,502
    Filer's total
    $233,971

  • Justin Fitzpatrick

    Construction Foreman

    Total calculated
    $224,867
    From this org
    $138,922
    From related orgs
    $0
    Other
    $85,945
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,922
    Bonus
    not reported
    Other
    not reported
    Deferred
    $47,703
    Nontaxable benefits
    $38,242
    Filer's total
    $224,867

  • Isaac Spain

    Construction Foreman

    Total calculated
    $185,306
    From this org
    $138,384
    From related orgs
    $0
    Other
    $46,922
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,384
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,773
    Nontaxable benefits
    $38,149
    Filer's total
    $185,306

  • Tori Morris

    CFO

    Total calculated
    $182,931
    From this org
    $133,536
    From related orgs
    $0
    Other
    $49,395
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $133,536
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,628
    Nontaxable benefits
    $35,767
    Filer's total
    $182,931

  • Kolby Kallweit

    Director

    Total calculated
    $23,800
    From this org
    $23,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Ryan Post

    Director

    Total calculated
    $21,700
    From this org
    $21,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Od Cope

    Director

    Total calculated
    $21,000
    From this org
    $21,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Wendall Bolin

    Director

    Total calculated
    $20,300
    From this org
    $20,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Mitchell Sims

    Director

    Total calculated
    $19,250
    From this org
    $19,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Daren Bowles

    Director

    Total calculated
    $16,800
    From this org
    $16,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Steve Stone

    Director

    Total calculated
    $14,700
    From this org
    $14,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Scott Mahaffey

    Director

    Total calculated
    $14,700
    From this org
    $14,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Misty Skinner

    Director begin 72025

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • David Trogdon

    Director ended 072025

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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

None.

Answered no

None.

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
2025
Filed
7 July 2026
IRS schema version
2025v4.2
Source object
202641889349300534

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