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Nonprofiteer
← OZARK ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by OZARK ELECTRIC COOPERATIVE.

Totals

Total revenue
$67,554,999
Total expenses
$67,554,999
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$64,631,474
Investment income
$96,325
Other revenue
$2,827,200
Total assets, end of year
$204,992,410
Total liabilities, end of year
$109,754,524
Net assets or fund balances, end of year
$95,237,886
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$67,554,999

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 $64,013,626 · related or exempt $64,013,626

  • 2b · Program service revenue: PenaltyService Rev

    total $589,786 · related or exempt $589,786

  • 2c · Program service revenue: Other Electric Revenue

    total $28,062 · related or exempt $28,062

  • 3 · Investment income

    total $100,113 · related or exempt $100,113

  • 6a · Gross rents

    personal property $386,187

  • 6c · Rental income or loss

    personal property $386,187

  • 6d · Net rental income or loss

    total $386,187 · excluded $386,187

  • 7a · Gross sales of assets other than inventory

    other assets $55,184

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

    other assets $58,972

  • 7c · Gain or loss

    other assets -$3,788

  • 7d · Net gain or loss

    total -$3,788 · related or exempt -$3,788

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $16,739

  • 10b · Cost of goods sold

    $14,446

  • 10c · Net income from sales of inventory

    total $2,293 · related or exempt $2,293

  • 11a · Other revenue: Pat Cap Power Supplier

    total $1,897,811 · related or exempt $1,897,811

  • 11b · Other revenue: Pat Cap Other

    total $524,382 · related or exempt $524,382

  • 11c · Other revenue: Investment Tax Credits

    total $16,527 · related or exempt $16,527

  • 11e · Other revenue, total

    $2,438,720

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,572,159

  • 5 · Compensation of officers, directors and key employees

    total $880,124

  • 20 · Interest

    total $3,682,768

  • 22 · Depreciation, depletion and amortization

    total $5,469,765

  • 24a · Other expenses: Cost of Purchased Power

    total $35,232,299

  • 24b · Other expenses: Distribution Exp (Oper/Main)

    total $13,799,786

  • 24c · Other expenses: Consumer Accts & Sales

    total $2,254,014

  • 24d · Other expenses: Administrative & General

    total $2,362,341

  • 24e · All other expenses

    total $301,743

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,384,708 · end of year $1,939,562

  • 2 · Savings and temporary cash investments

    beginning of year $4,724,679 · end of year $3,021,900

  • 4 · Accounts receivable

    beginning of year $2,609,310 · end of year $2,226,023

  • 8 · Inventories for sale or use

    beginning of year $1,864,669 · end of year $2,915,088

  • 9 · Prepaid expenses and deferred charges

    beginning of year $154,796 · end of year $333,642

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

    $203,698,457

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

    $52,238,991

  • 10c · Land, buildings and equipment, net

    beginning of year $147,364,574 · end of year $151,459,466

  • 13 · Investments: program-related

    beginning of year $34,833,272 · end of year $36,400,329

  • 15 · Other assets

    beginning of year $6,771,083 · end of year $6,696,400

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,848,960 · end of year $10,058,328

  • 23 · Secured mortgages and notes payable

    beginning of year $94,187,621 · end of year $98,231,577

  • 25 · Other liabilities

    beginning of year $1,614,111 · end of year $1,464,619

  • 31 · Retained earnings, endowment or other funds

    beginning of year $94,056,399 · end of year $95,237,886

Mission and programs · 2022

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 (609,154,287 kWh) and distributed it to 34,764 accounts across 4,891 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 $67,554,999

As filed on the 2022 return.

Listed in Part VII

  • Patrick Oehlschlager

    General Manager

    Total calculated
    $522,986
    From this org
    $274,980
    From related orgs
    $0
    Other
    $248,006
    Hours/week
    44.3

    Schedule J breakdown matched by us

    Base
    $274,980
    Bonus
    not reported
    Other
    not reported
    Deferred
    $248,006
    Nontaxable benefits
    $69,895
    Filer's total
    $592,881

  • Kenneth Raming

    Manager Engineering

    Total calculated
    $276,518
    From this org
    $186,614
    From related orgs
    $0
    Other
    $89,904
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $186,614
    Bonus
    not reported
    Other
    not reported
    Deferred
    $89,904
    Nontaxable benefits
    $50,357
    Filer's total
    $326,875

  • Wendall Bolin

    Director

    Total calculated
    $17,400
    From this org
    $17,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $17,400
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $17,400

  • Od Cope

    Director

    Total calculated
    $13,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $13,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $13,200

  • Ron Crighton

    Director

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $15,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $15,000

  • Gary Duvall

    Director until 0729

    Total calculated
    $10,200
    From this org
    $10,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $10,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,200

  • Larry Moennig

    Director

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $9,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $9,000

  • Byron Stine

    Director

    Total calculated
    $22,200
    From this org
    $22,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $22,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $22,200

  • Steve Stone

    Director

    Total calculated
    $17,400
    From this org
    $17,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

    Schedule J breakdown matched by us

    Base
    $17,400
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $17,400

  • David Trogdon

    Director

    Total calculated
    $13,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $13,200
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $13,200

  • Michael Smotherman

    Director

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $21,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $21,600

  • Steve Swearingen

    Manager Operations

    Total calculated
    $236,684
    From this org
    $157,708
    From related orgs
    $0
    Other
    $78,976
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,708
    Bonus
    not reported
    Other
    not reported
    Deferred
    $78,976
    Nontaxable benefits
    $42,943
    Filer's total
    $279,627

  • Tori Morris

    CFO

    Total calculated
    $112,349
    From this org
    $98,572
    From related orgs
    $0
    Other
    $13,777
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $98,572
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,777
    Nontaxable benefits
    $27,294
    Filer's total
    $139,643

  • Tobey Bennett

    Line Superintendent

    Total calculated
    $242,782
    From this org
    $135,035
    From related orgs
    $0
    Other
    $107,747
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $135,035
    Bonus
    not reported
    Other
    not reported
    Deferred
    $107,747
    Nontaxable benefits
    $37,440
    Filer's total
    $280,222

  • Jeffrey Smith

    Lead Lineman

    Total calculated
    $195,534
    From this org
    $129,600
    From related orgs
    $0
    Other
    $65,934
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $129,600
    Bonus
    not reported
    Other
    not reported
    Deferred
    $65,934
    Nontaxable benefits
    $36,426
    Filer's total
    $231,960

  • Darren Deal

    Construction Foreman

    Total calculated
    $201,707
    From this org
    $129,147
    From related orgs
    $0
    Other
    $72,560
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $129,147
    Bonus
    not reported
    Other
    not reported
    Deferred
    $72,560
    Nontaxable benefits
    $36,844
    Filer's total
    $238,551

  • Daren Bowles

    Director begin 729

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

    Schedule J breakdown matched by us

    Base
    $8,400
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $8,400

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2022
Filed
26 June 2023
IRS schema version
2022v5.0
Source object
202321779349300447

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