Ozark Electric Cooperative
- Assets
- $199.7m
- Revenue
- $65.1m
- Investments
- $0.0
- Employees
- 96
- Location
- Mount Vernon, MO
- Founding
- 01/1939
- Data as of
- 12/2021
- EIN
- 44-0380405
Organization Overview
Ozark Electric Cooperative is located in Mount Vernon, MO. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Ozark Electric Cooperative employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ozark Electric Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Ozark Electric Cooperative generated $65.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $65.1m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MOST SIGNIFICANT ACTIVITY OF THE ORGANIZATION IS THE DISTRIBUTION OF ELECTRICITY TO MEMBERS AT AN AFFORDABLE RATE
Describe the Organization's Program Activity:
Part 3 - Line 4a
OZARK ELECTRIC PURCHASED ELECTRIC ENERGY (566,373,479 KWH) AND DISTRIBUTED IT TO 34,342 ACCOUNTS ACROSS 4,861 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Oehlschlager General Manager | Officer | 45 | $221,909 |
Kenneth Raming Manager Engineering | 45 | $165,193 | |
Steve Swearingen Manager Operations | 50 | $129,324 | |
Vincent Robison Construction Foreman | 45 | $127,832 | |
Delana Stokes Manager Hr | 52 | $121,119 | |
Earl Wilson Mgr Oper Until 0531 | 50 | $119,493 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Usic Locating Services Electric Line Locating | 12/30/21 | $154,103 |
Vaught Tree Service Right Of Waytree Trimming | 12/30/21 | $1,201,646 |
Kiowa Line Builders Electric Line Construction | 12/30/21 | $1,092,597 |
Southwest Tree Service Right Of Waytree Trimming | 12/30/21 | $806,606 |
Progressive Solutions Right Of Wayherbicide App | 12/30/21 | $197,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,731,946 |
| Investment income | $83,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $362,006 |
| Net Gain/Loss on Asset Sales | $18,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,312 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,062,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,159,519 |
| Compensation of current officers, directors, key employees. | $807,513 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,574,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,349,099 |
| Insurance | $0 |
| All other expenses | $301,743 |
| Total functional expenses | $65,062,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,384,708 |
| Savings and temporary cash investments | $4,724,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,609,310 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,864,669 |
| Prepaid expenses and deferred charges | $154,796 |
| Net Land, buildings, and equipment | $147,364,574 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $34,833,272 |
| Intangible assets | $0 |
| Other assets | $6,771,083 |
| Total assets | $199,707,091 |
| Accounts payable and accrued expenses | $9,848,960 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $94,187,621 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,614,111 |
| Total liabilities | $105,650,692 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $94,056,399 |
| Total liabilities and net assets/fund balances | $199,707,091 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upper Cumberland Electric Membership Corporation Carthage, TN | $208,911,918 | $121,895,944 |
Meriwether Lewis Electric Cooperative Centerville, TN | $179,486,251 | $119,621,039 |
Salt River Electric Bardstown, KY | $187,060,575 | $114,408,015 |
Southwest Tennessee Electric Membership Corp Brownsville, TN | $219,052,657 | $121,626,016 |
Appalachian Electric Cooperative New Market, TN | $242,163,198 | $119,028,278 |
Jackson Energy Cooperative Corporat Ion Inc Mckee, KY | $284,949,026 | $109,799,636 |
N W Electric Power Cooperative Inc Cameron, MO | $276,321,789 | $107,924,696 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Sequachee Valley Electric Cooperative South Pittsburg, TN | $165,775,520 | $105,669,415 |