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Nonprofiteer
← KIAMICHI ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by KIAMICHI ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$52,021,006
Total expenses
$52,021,006
Contributions and grants received
$0
Grants paid
$6,461
Program service revenue
$51,661,669
Investment income
$32,078
Other revenue
$327,259
Total assets, end of year
$135,800,074
Total liabilities, end of year
$82,613,024
Net assets or fund balances, end of year
$53,187,050
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: RESIDENTIAL

    total $35,157,715 · related or exempt $35,157,715

  • 2b · Program service revenue: SMALL COMMERCIAL

    total $10,032,172 · related or exempt $10,032,172

  • 2c · Program service revenue: INDUSTRIAL

    total $2,821,956 · related or exempt $2,821,956

  • 2d · Program service revenue: CAPITAL CREDITS

    total $2,283,048 · related or exempt $2,283,048

  • 2e · Program service revenue: GROSS RECEIPTS TAX

    total $963,004 · related or exempt $963,004

  • 2f · All other program service revenue

    total $403,774 · related or exempt $403,774

  • 3 · Investment income

    total $32,558 · excluded $32,558

  • 6a · Gross rents

    real property $321,677

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $321,677

  • 6d · Net rental income or loss

    total $321,677 · excluded $321,677

  • 7a · Gross sales of assets other than inventory

    other assets $74,030

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

    other assets $74,510

  • 7c · Gain or loss

    other assets -$480

  • 7d · Net gain or loss

    total -$480 · excluded -$480

  • 11a · Other revenue: NONOPERATING REVENUE

    total $5,582 · excluded $5,582

  • 11e · Other revenue, total

    $5,582

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,461

  • 4 · Benefits paid to or for members

    total $3,313,309

  • 5 · Compensation of officers, directors and key employees

    total $897,032

  • 20 · Interest

    total $3,123,741

  • 22 · Depreciation, depletion and amortization

    total $4,158,071

  • 24a · Other expenses: COST OF POWER

    total $28,443,887

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $5,730,205

  • 24c · Other expenses: ADMINISTRATIVE & GENERA

    total $2,088,606

  • 24d · Other expenses: DISTRIBUTION - OPERATIO

    total $1,547,487

  • 24e · All other expenses

    total $2,712,207

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $114,774 · end of year $117,833

  • 2 · Savings and temporary cash investments

    beginning of year $22,099 · end of year $22,173

  • 4 · Accounts receivable

    beginning of year $6,771,645 · end of year $6,780,708

  • 8 · Inventories for sale or use

    beginning of year $2,132,816 · end of year $1,853,663

  • 9 · Prepaid expenses and deferred charges

    beginning of year $429,091 · end of year $133,185

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

    $137,913,990

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

    $36,287,059

  • 10c · Land, buildings and equipment, net

    beginning of year $96,790,888 · end of year $101,626,931

  • 12 · Investments: other securities

    beginning of year $3,470 · end of year $3,571

  • 13 · Investments: program-related

    beginning of year $23,366,412 · end of year $25,254,340

  • 15 · Other assets

    beginning of year $7,691 · end of year $7,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,266,515 · end of year $4,994,614

  • 23 · Secured mortgages and notes payable

    beginning of year $53,567,367 · end of year $50,082,814

  • 24 · Unsecured notes and loans payable

    beginning of year $6,795,361 · end of year $14,577,966

  • 25 · Other liabilities

    beginning of year $14,653,964 · end of year $12,957,630

  • 29 · Capital stock, trust principal or current funds

    beginning of year $87,125 · end of year $87,150

  • 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 $50,268,554 · end of year $53,099,900

Mission and programs · 2024

Mission

IMPROVING LIVES. POWERING OUR COMMUNITIES.

Activities or mission (Part I)

TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE.

  • DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

As filed on the 2024 return.

Listed in Part VII

  • Don Parr

    DIRECTOR

    Total calculated
    $30,388
    From this org
    $30,388
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Mark Ichord

    DIRECTOR

    Total calculated
    $35,250
    From this org
    $35,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

  • Ron Pelanconi

    PRESIDENT

    Total calculated
    $47,265
    From this org
    $47,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    26

  • Larry Culwell

    DIRECTOR

    Total calculated
    $34,665
    From this org
    $34,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    36

  • Amy Miller

    SECRETARY/TREASURER

    Total calculated
    $37,470
    From this org
    $37,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • David Ray

    DIRECTOR

    Total calculated
    $40,965
    From this org
    $40,965
    From related orgs
    $0
    Other
    $0
    Hours/week
    34

  • Russell Shaw

    VICE-PRESIDENT

    Total calculated
    $51,201
    From this org
    $51,201
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Brett Orme

    CEO

    Total calculated
    $433,762
    From this org
    $296,554
    From related orgs
    $0
    Other
    $137,208
    Hours/week
    45.56

    Schedule J breakdown matched by us

    Base
    $293,688
    Bonus
    $0
    Other
    $2,866
    Deferred
    $107,112
    Nontaxable benefits
    $31,238
    Filer's total
    $434,904

  • Crystal Butler

    CFO

    Total calculated
    $226,096
    From this org
    $152,478
    From related orgs
    $0
    Other
    $73,618
    Hours/week
    52.37

    Schedule J breakdown matched by us

    Base
    $152,000
    Bonus
    $0
    Other
    $478
    Deferred
    $37,522
    Nontaxable benefits
    $36,759
    Filer's total
    $226,759

  • Dennis Dolan

    MANAGER OF OPERATIONS

    Total calculated
    $273,223
    From this org
    $144,809
    From related orgs
    $0
    Other
    $128,414
    Hours/week
    55.06

    Schedule J breakdown matched by us

    Base
    $143,602
    Bonus
    $0
    Other
    $1,207
    Deferred
    $105,590
    Nontaxable benefits
    $23,414
    Filer's total
    $273,813

  • Jeremy Shaffer

    AREA MAINTENANCE MAN

    Total calculated
    $182,583
    From this org
    $139,345
    From related orgs
    $0
    Other
    $43,238
    Hours/week
    52.79

    Schedule J breakdown matched by us

    Base
    $139,214
    Bonus
    $0
    Other
    $131
    Deferred
    $6,417
    Nontaxable benefits
    $37,186
    Filer's total
    $182,948

  • Brandon Doyle

    CONSTRUCTION FOREMAN

    Total calculated
    $178,060
    From this org
    $151,103
    From related orgs
    $0
    Other
    $26,957
    Hours/week
    54.14

    Schedule J breakdown matched by us

    Base
    $151,005
    Bonus
    $0
    Other
    $98
    Deferred
    $4,719
    Nontaxable benefits
    $22,616
    Filer's total
    $178,438

  • Bryar Barrs

    JOURNEYMAN LINEMAN

    Total calculated
    $197,084
    From this org
    $153,579
    From related orgs
    $0
    Other
    $43,505
    Hours/week
    58.39

    Schedule J breakdown matched by us

    Base
    $153,487
    Bonus
    $0
    Other
    $92
    Deferred
    $5,403
    Nontaxable benefits
    $38,447
    Filer's total
    $197,429

  • Carson Gray

    JOURNEYMAN LINEMAN

    Total calculated
    $160,841
    From this org
    $144,044
    From related orgs
    $0
    Other
    $16,797
    Hours/week
    58.69

    Schedule J breakdown matched by us

    Base
    $143,984
    Bonus
    $0
    Other
    $60
    Deferred
    $3,693
    Nontaxable benefits
    $13,415
    Filer's total
    $161,152

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 II, COLUMN C
COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. THE CHANGES IN ACTUARIAL VALUE ARE AS FOLLOWS: - BRETT ORME $101,362 - CRYSTAL BUTLER $34,504 - DENNIS DOLAN $102,738 - JEREMY SHAFFER $4,521 - BRANDON DOYLE $2,759 - BRYAR BARRS $3,621 - CARSON GRAY 2,022 THE ACTUAL EXPENSES TO THE COOPERATIVE ARE AS FOLLOWS: - BRETT ORME $60,858 - CRYSTAL BUTLER $33,177 - DENNIS DOLAN $31,336 - JEREMY SHAFFER $19,425 - BRANDON DOYLE $20,083 - BRYAR BARRS $18,173 - CARSON GRAY $16,433

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
20 October 2025
IRS schema version
2024v5.2
Source object
202513019349302471

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