Ouachita Electric Coop Corp 474
- Assets
- $119.9m
- Revenue
- $24.8m
- Investments
- $0.0
- Employees
- 54
- Location
- Camden, AR
- Founding
- 01/1942
- Data as of
- 12/2022
- EIN
- 71-0133895
Organization Overview
Ouachita Electric Coop Corp 474 is located in Camden, AR. The organization was established in 1942. 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 12/2022, Ouachita Electric Coop Corp 474 employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ouachita Electric Coop Corp 474 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 12/2022, Ouachita Electric Coop Corp 474 generated $24.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $24.9m during the year ending 12/2022. While expenses have increased by 1.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ECONOMICAL AND RELIABLE ELECTRICAL POWER TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF 226,735,913 KILOWATT HOURS OF ELECTRIC ENERGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Dorlinger General Manager | Officer | 50 | $145,337 |
Bryan Dunn Distribution Sys Dist/br Mgr | 50 | $114,172 | |
Troy Carter Lead Lineman | 52.95 | $117,409 | |
David O'hara Operations Leadership/mgmt | 50 | $135,856 | |
Charles Armstrong Service Manager | 50 | $139,959 | |
Jimmy Pitts Engineering Services Tech | 46.05 | $104,492 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Platinum Powerlines Line Work | 12/30/22 | $830,693 |
Glenn Mechanical Hvac Project | 12/30/22 | $159,502 |
Barnett Southern Corporation Line Work | 12/30/22 | $161,285 |
Barnett Row Services Inc Storm Cleanup | 12/30/22 | $1,487,005 |
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 | $24,125,808 |
| Investment income | $406,078 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $220,440 |
| Net Gain/Loss on Asset Sales | $28,959 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,794,021 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,472,699 |
| Compensation of current officers, directors, key employees. | $535,933 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,583,614 |
| Pension plan accruals and contributions | -$38,050 |
| Other employee benefits | -$189,172 |
| 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 | $109,558 |
| Advertising and promotion | $7,170 |
| Office expenses | $183,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,498 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,457,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,894,345 |
| Insurance | $115,302 |
| All other expenses | $1,053,556 |
| Total functional expenses | $24,874,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,933,949 |
| Savings and temporary cash investments | $1,378,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,253,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $440,290 |
| Inventories for sale or use | $1,210,840 |
| Prepaid expenses and deferred charges | $3,198,174 |
| Net Land, buildings, and equipment | $80,356,272 |
| Investments—publicly traded securities | $1,407,088 |
| Investments—other securities | $0 |
| Investments—program-related | $18,560,781 |
| Intangible assets | $0 |
| Other assets | $2,130,975 |
| Total assets | $119,870,625 |
| Accounts payable and accrued expenses | $4,111,611 |
| 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 | $63,921,185 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $322,278 |
| Total liabilities | $68,355,074 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $104,579 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,335,360 |
| Retained earnings, endowment, accumulated income, or other funds | $49,075,612 |
| Total liabilities and net assets/fund balances | $119,870,625 |