Kiamichi Electric Cooperative Inc
- Assets
- $118.2m
- Revenue
- $46.4m
- Investments
- $3.5k
- Employees
- 61
- Location
- Wilburton, OK
- Founding
- 08/1949
- Data as of
- 12/2021
- EIN
- 73-0539216
Organization Overview
Kiamichi Electric Cooperative Inc is located in Wilburton, OK. The organization was established in 1949. 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, Kiamichi Electric Cooperative Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiamichi Electric Cooperative Inc 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, Kiamichi Electric Cooperative Inc generated $46.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $46.4m during the year ending 12/2021. While expenses have increased by 1.5% 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
TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRICITY TO 17,048 MEMBERS ON A COOPERATIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Orme CEO | Officer | 45.39 | $239,125 |
Crystal Butler CFO | Officer | 44.82 | $131,845 |
Dennis Dolan Manager Of Operations | 51.44 | $127,686 | |
Jeremy Shaffer Area Maintenance Man | 56.33 | $122,664 | |
Brian Sawyer Area Maintenance Man | 51.92 | $109,564 | |
William Shrock Area Maintenance Man | 49.28 | $102,984 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bigfoot Land Services Right-of-way Maintenance | 12/30/21 | $357,699 |
Ricky Crane Construction Llc Ug Line Construction | 12/30/21 | $326,905 |
Latimer Right-of-way Right-of-way Maintenance | 12/30/21 | $572,092 |
Riggs Tree Service Inc Right-of-way Maintenance | 12/30/21 | $1,137,996 |
Gordon Construction Oh Line Construction/maintenance | 12/30/21 | $2,365,917 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,100,000 |
| 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 | $1,100,000 |
| Total Program Service Revenue | $44,737,963 |
| Investment income | $30,735 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $315,760 |
| Net Gain/Loss on Asset Sales | $16,401 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,432,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,625 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,903,390 |
| Compensation of current officers, directors, key employees. | $704,870 |
| 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 | $2,148,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,797,578 |
| Insurance | $0 |
| All other expenses | $1,804,934 |
| Total functional expenses | $46,432,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,132 |
| Savings and temporary cash investments | $21,925 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,142,857 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,465,840 |
| Prepaid expenses and deferred charges | $534,503 |
| Net Land, buildings, and equipment | $89,808,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,460 |
| Investments—program-related | $21,024,695 |
| Intangible assets | $0 |
| Other assets | $7,691 |
| Total assets | $118,158,279 |
| Accounts payable and accrued expenses | $4,072,070 |
| 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 | $52,212,027 |
| Unsecured mortgages and notes payable | $2,128,324 |
| Other liabilities | $14,120,758 |
| Total liabilities | $72,533,179 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $85,240 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $45,539,860 |
| Total liabilities and net assets/fund balances | $118,158,279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid-South Electric Cooperative Association Navasota, TX | $452,923,341 | $112,304,236 |
N W Electric Power Cooperative Inc Cameron, MO | $276,321,789 | $107,924,696 |
La Plata Electric Association Inc Durango, CO | $287,521,885 | $109,650,926 |
Karnes Electric Cooperative Inc Karnes City, TX | $202,970,400 | $101,891,775 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Upshur-Rural Electric Cooperative Corporation Gilmer, TX | $245,628,727 | $98,243,041 |
San Bernard Electric Cooperative Incorporated Bellville, TX | $290,497,219 | $97,543,303 |
Pioneer Electric Cooperative Inc Ulysses, KS | $284,468,248 | $104,061,245 |
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
Northeast Missouri Electric Power Cooperative Palmyra, MO | $173,630,221 | $92,260,519 |
Bandera Electric Cooperative Inc Bandera, TX | $290,540,608 | $89,188,257 |