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← OUACHITA ELECTRIC COOP CORP 474

Form 990 for tax year 2024

Filed by OUACHITA ELECTRIC COOP CORP 474.

Totals

Total revenue
$28,081,003
Total expenses
$28,288,766
Contributions and grants received
$0
Grants paid
$42,870
Program service revenue
$27,344,002
Investment income
$634,881
Other revenue
$102,120
Total assets, end of year
$122,767,818
Total liabilities, end of year
$69,550,452
Net assets or fund balances, end of year
$53,217,366
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: SALE OF ELECTRICITY

    total $26,144,038 · related or exempt $26,144,038 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: OTHER CAPITAL CREDITS & DIVIDENDS

    total $1,199,964 · related or exempt $1,199,964 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $635,214 · related or exempt $0 · unrelated business $0 · excluded $635,214

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $99,590

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $99,590

  • 6d · Net rental income or loss

    total $99,590 · related or exempt $0 · unrelated business $0 · excluded $99,590

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $333

  • 7c · Gain or loss

    securities $0 · other assets -$333

  • 7d · Net gain or loss

    total -$333 · related or exempt $0 · unrelated business $0 · excluded -$333

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: NON OPERATING MARGINS

    total $2,530 · related or exempt $0 · unrelated business $0 · excluded $2,530

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,530

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,870

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $2,454,807

  • 5 · Compensation of officers, directors and key employees

    total $564,154

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,356,725

  • 8 · Pension plan contributions

    total $1,675

  • 9 · Other employee benefits

    total $66,086

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $115,101

  • 12 · Advertising and promotion

    total $82,912

  • 13 · Office expenses

    total $184,488

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $210,945

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $2,710,787

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,249,555

  • 23 · Insurance

    total $135,009

  • 24a · Other expenses: Cost of Power

    total $9,548,282

  • 24b · Other expenses: Distribution

    total $6,267,367

  • 24c · Other expenses: Power Production Expense

    total $98,410

  • 24d · Other expenses: APSC Taxes

    total $38,924

  • 24e · All other expenses

    total $1,160,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,798,323 · end of year $2,016,673

  • 2 · Savings and temporary cash investments

    beginning of year $2,303,278 · end of year $5,872,460

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,513,857 · end of year $3,353,635

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $445,879 · end of year $431,468

  • 8 · Inventories for sale or use

    beginning of year $1,838,911 · end of year $1,733,582

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,396,417 · end of year $2,712,895

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

    $120,556,174

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

    $35,055,732

  • 10c · Land, buildings and equipment, net

    beginning of year $82,114,895 · end of year $85,500,442

  • 11 · Investments: publicly traded securities

    beginning of year $1,273,553 · end of year $688,586

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $18,257,798 · end of year $18,679,047

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $2,359,644 · end of year $1,779,030

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,271,725 · end of year $4,074,833

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $62,013,497 · end of year $65,039,326

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $408,410 · end of year $436,293

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $103,293 · end of year $103,075

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

    beginning of year $2,566,707 · end of year $2,725,705

  • 31 · Retained earnings, endowment or other funds

    beginning of year $48,938,923 · end of year $50,388,586

Mission and programs · 2024

Mission

TO PROVIDE THE BEST ELECTRIC SERVICE THE COOPERATIVE CAN PROVIDE TO ALL WHO DESIRE IT WITHIN THE SERVICE AREA OF THE COOPERATIVE AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Activities or mission (Part I)

PROVIDE ECONOMICAL AND RELIABLE ELECTRICAL POWER TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.

  • SALES OF 238,711,248 KILOWATT HOURS OF ELECTRIC ENERGY.

As filed on the 2024 return.

Listed in Part VII

  • David McLeane

    CHAIRMAN

    Total calculated
    $8,300
    From this org
    $8,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • Lisa Hendrix

    VICE CHAIRMAN

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Walter Pigott

    SECRETARY/TREASURER

    Total calculated
    $15,600
    From this org
    $15,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Beau Morgan

    DIRECTOR

    Total calculated
    $14,150
    From this org
    $14,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Corbet J Lamkin

    DIRECTOR

    Total calculated
    $16,050
    From this org
    $16,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Danny Adams

    DIRECTOR

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Kelly

    DIRECTOR

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Gregg Goss

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Garner

    DIRECTOR

    Total calculated
    $4,300
    From this org
    $4,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Kelly Belt

    DIRECTOR

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Sheila Johnson

    DIRECTOR

    Total calculated
    $16,950
    From this org
    $16,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Judy Taylor

    FINANCE & ACCT MANGR

    Total calculated
    $169,319
    From this org
    $112,236
    From related orgs
    $0
    Other
    $57,083
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $112,236
    Bonus
    $0
    Other
    $0
    Deferred
    $26,052
    Nontaxable benefits
    $31,031
    Filer's total
    $169,319

  • Shawn Dorlinger

    GENERAL MANAGER

    Total calculated
    $286,136
    From this org
    $181,946
    From related orgs
    $0
    Other
    $104,190
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,946
    Bonus
    $0
    Other
    $0
    Deferred
    $75,590
    Nontaxable benefits
    $28,600
    Filer's total
    $286,136

  • Alan Ferguson

    DISTRIBUTING SYS DIST/FOREMAN

    Total calculated
    $198,123
    From this org
    $119,427
    From related orgs
    $0
    Other
    $78,696
    Hours/week
    46.5

    Schedule J breakdown matched by us

    Base
    $119,427
    Bonus
    $0
    Other
    $0
    Deferred
    $46,450
    Nontaxable benefits
    $32,246
    Filer's total
    $198,123

  • Bryan Dunn

    DISTRIBUTION SYS DIST/BR MGR

    Total calculated
    $208,955
    From this org
    $123,064
    From related orgs
    $0
    Other
    $85,891
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $123,064
    Bonus
    $0
    Other
    $0
    Deferred
    $51,503
    Nontaxable benefits
    $34,388
    Filer's total
    $208,955

  • David Morgan

    IT SYSTEMS OPERATIONS MGR

    Total calculated
    $201,415
    From this org
    $121,078
    From related orgs
    $0
    Other
    $80,337
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $121,078
    Bonus
    $0
    Other
    $0
    Deferred
    $53,371
    Nontaxable benefits
    $26,966
    Filer's total
    $201,415

  • Jeremy C Davis

    ENGINEERING SERVICES TECH.

    Total calculated
    $197,917
    From this org
    $119,374
    From related orgs
    $0
    Other
    $78,543
    Hours/week
    46.4

    Schedule J breakdown matched by us

    Base
    $119,374
    Bonus
    $0
    Other
    $0
    Deferred
    $46,373
    Nontaxable benefits
    $32,170
    Filer's total
    $197,917

  • Jimmy Pitts

    ENGINEERING SERVICES TECH

    Total calculated
    $196,121
    From this org
    $117,705
    From related orgs
    $0
    Other
    $78,416
    Hours/week
    46.5

    Schedule J breakdown matched by us

    Base
    $117,705
    Bonus
    $0
    Other
    $0
    Deferred
    $46,404
    Nontaxable benefits
    $32,012
    Filer's total
    $196,121

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 · 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.

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.

  • OUACHITA ELECTRIC SERVICES INCORPORATED

    C Corporation · INTERNET SERVICE · AR · 100% owned · share of income $893 · share of assets $5,370,572 · controlled entity

    Directly controlled by OECC

Provenance

Return type
form_990
Tax year
2024
Filed
16 October 2025
IRS schema version
2024v5.1
Source object
202502899349301850

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