Totals
- Total revenue
- $378,073,335
- Total expenses
- $378,073,335
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $378,073,335
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $83,984,911
- Total liabilities, end of year
- $55,512,425
- Net assets or fund balances, end of year
- $28,472,486
- 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 POWER AND CAPACITY
total $373,578,379 · related or exempt $373,578,379
-
2b · Program service revenue: POWER SUPPLY SERVICES
total $4,493,600 · related or exempt $4,493,600
-
2c · Program service revenue: PATRONAGE CAPITAL
total $1,356 · related or exempt $1,356
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $366,501
-
5 · Compensation of officers, directors and key employees
total $730,030
-
7 · Other salaries and wages
total $2,081,270
-
9 · Other employee benefits
total $428,231
-
11b · Fees: legal
total $581,943
-
12 · Advertising and promotion
total $2,495
-
13 · Office expenses
total $37,829
-
16 · Occupancy
total $29,537
-
17 · Travel
total $39,729
-
20 · Interest
total $389
-
22 · Depreciation, depletion and amortization
total $49,194
-
23 · Insurance
total $25,384
-
24a · Other expenses: COST OF POWER AND CAPACIT
total $373,336,755
-
24b · Other expenses: OUTSIDE SERVICES
total $107,019
-
24c · Other expenses: SUBSCRIPTIONS
total $92,450
-
24d · Other expenses: ADMIN. & GENERAL EXP.
total $65,030
-
24e · All other expenses
total $99,549
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $481,824 · end of year $888,590
-
4 · Accounts receivable
beginning of year $31,879,964 · end of year $34,747,265
-
9 · Prepaid expenses and deferred charges
beginning of year $66,302 · end of year $99,586
-
10a · Land, buildings and equipment: cost or other basis
$239,894
-
10b · Land, buildings and equipment: accumulated depreciation
$63,460
-
10c · Land, buildings and equipment, net
beginning of year $225,628 · end of year $176,434
-
13 · Investments: program-related
beginning of year $15,307 · end of year $15,844
-
14 · Intangible assets
beginning of year $2,254,103 · end of year $2,254,103
-
15 · Other assets
beginning of year $63,369,803 · end of year $45,803,089
-
17 · Accounts payable and accrued expenses
beginning of year $31,736,564 · end of year $34,628,757
-
25 · Other liabilities
beginning of year $25,206,194 · end of year $20,883,668
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $41,350,173 · end of year $28,472,486
Mission and programs · 2025
Mission
TO PROVIDE THE ENERGY, POWER, AND CAPACITY NEEDS OF ITS DISTRIBUTION COOPERATIVE MEMBERS.
-
TO PROVIDE THE ENERGY, POWER, AND CAPACITY NEEDS OF ITS DISTRIBTION COOPERATIVE MEMBERS.
As filed on the 2025 return.
Listed in Part VII
-
Mark SvrcekMARK SVRCEK
CEO
- Total calculated
- $730,030
- From this org
- $678,311
- From related orgs
- $0
- Other
- $51,719
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $658,783
- Bonus
- not reported
- Other
- $19,528
- Deferred
- $21,000
- Nontaxable benefits
- $30,719
- Filer's total
- $730,030
-
James DraheimJAMES DRAHEIM
VP - COMMER
- Total calculated
- $283,990
- From this org
- $252,750
- From related orgs
- $0
- Other
- $31,240
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $245,783
- Bonus
- $1,531
- Other
- $5,436
- Deferred
- $15,776
- Nontaxable benefits
- $15,464
- Filer's total
- $283,990
-
Brian TooleBRIAN TOOLE
DIR MBR SRV/
- Total calculated
- $228,879
- From this org
- $189,172
- From related orgs
- $0
- Other
- $39,707
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $185,608
- Bonus
- $1,666
- Other
- $1,898
- Deferred
- $12,209
- Nontaxable benefits
- $27,498
- Filer's total
- $228,879
-
Mike BrownMIKE BROWN
DIR - ENG AC
- Total calculated
- $196,312
- From this org
- $159,757
- From related orgs
- $0
- Other
- $36,555
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $154,378
- Bonus
- $1,795
- Other
- $3,584
- Deferred
- $10,333
- Nontaxable benefits
- $26,222
- Filer's total
- $196,312
-
Timothy StricklandTIMOTHY STRICKLAND
ASSOC DIR OP
- Total calculated
- $191,575
- From this org
- $155,079
- From related orgs
- $0
- Other
- $36,496
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $145,814
- Bonus
- $8,999
- Other
- $266
- Deferred
- $10,157
- Nontaxable benefits
- $26,339
- Filer's total
- $191,575
-
Kevin MilmanKEVIN MILMAN
VP-POWER SUP
- Total calculated
- $176,330
- From this org
- $167,715
- From related orgs
- $0
- Other
- $8,615
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $155,283
- Bonus
- $11,686
- Other
- $746
- Deferred
- $6,501
- Nontaxable benefits
- $2,114
- Filer's total
- $176,330
-
Shaun MockSHAUN MOCK
CFO/DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
Greg ProctorGREG PROCTOR
SECRETARY
- Total calculated
- $0
- Hours/week
- 8
-
Wendy SellersWENDY SELLERS
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 8
-
Ken SimmonsKEN SIMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 8
-
George WeaverGEORGE WEAVER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 8
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 committee
- 3 · Independent compensation consultant
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 16 April 2026
- IRS schema version
- 2025v4.0
- Source object
- 202601269349301920
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