2024-04-08T10:02:42-05:00 2023-12-31 720398470 HEARD MCELROY & VESTAL LLC 2403 JUDSON ROAD LONGVIEW TX 75605 990 2023-01-01 710207627 RICH MOUNTAIN ELECTRIC COOPERATIVE INC RICH 4793944140 PO BOX 897 MENA AR 71953 BRAD CASTOR CEO 4793944140 2024-03-28 1 BRAD CASTOR 999009999 0 REBECCA VANNATTAN CPA P01781574 9037580734 2024-03-28 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z BRAD CASTOR PO BOX 897 MENA AR 71953 21918229 0 X WWW.RMEC.COM X 1945 AR RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS. 9 9 36 0 0 0 0 0 21950190 20422336 646668 987615 444988 501979 23041846 21911930 0 0 300000 300000 1719931 1719438 0 0 0 20244041 16925234 22263972 18944672 777874 2967258 85801717 90461275 56874792 58534085 28926925 31927190 X RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS. 0 0 18944672 RICH MOUNTAIN ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO ALL ITS MEMBERS AT THE LOWEST COST AND OFFERS ENERGY EFFICIENCY PROGRAMS TO ALL ITS MEMBERS. 18944672 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 36 0 0 0 0 0 0 0 0 20440536 1471394 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 1 1 1 0 X CHRISTINIA PARKER 4793944140 515 JANSSEN AVENUE MENA AR 71953 BUDDY NEWBOLT CHAIRMAN 14.00 X X 31384 0 0 MARK ROBBINS TREASURER 14.00 X X 50446 0 0 DANNY HANSBROUGH DIRECTOR 14.00 X 34296 0 0 LARRY DUNAWAY VICE CHAIRMAN 14.00 X X 37210 0 0 HERSHEL BELL DIRECTOR 14.00 X 40523 0 0 KYLE CANNON DIRECTOR 14.00 X 45484 0 0 BETTY SMITH DIRECTOR 14.00 X 30274 0 0 GARY BEARDEN DIRECTOR 14.00 X 48792 0 0 TOMMY MILLER DIRECTOR 14.00 X 42728 0 0 CHRIS PARKER CFO/OFFICE MGR 40.00 X 137365 0 59657 BRAD CASTOR CEO 40.00 X 217887 0 86661 BRIAN DIXON EMPLOYEE 40.00 X 134234 0 64189 JASON HARRIS EMPLOYEE 40.00 X 134828 0 57435 ROBERT TODD EMPLOYEE 40.00 X 124071 0 54306 JASON ONEAL EMPLOYEE 40.00 X 136160 0 55021 CORY THOMPSON EMPLOYEE 40.00 X 129988 0 54230 1375670 0 431499 7 0 1 0 0 ELECTRIC ENERGY SALES 221000 20422336 20422336 20422336 987615 987615 65678 0 65678 65678 65678 9100 6299 2801 2801 PATRONAGE CAPITAL CREDITS 900099 433500 433500 433500 21911930 20858637 0 1053293 300000 300000 862707 862707 856731 856731 74062 74062 62020 62020 1741030 1741030 2861131 2861131 COST OF POWER PURCHASED 9593415 9593415 CONSUMER ACCOUNTS 1180505 1180505 DISTRIBUTION OPERATIONS 653542 653542 ADMINISTRATIVE & GENERA 636400 636400 123129 123129 18944672 18944672 0 0 133818 153394 6836599 8380965 2788968 2621834 830437 812929 578403 702359 102615544 31442388 68143418 71173156 6490074 6616638 85801717 90461275 1748521 1809711 53432113 54537152 1694158 2187222 56874792 58534085 X 64755 65050 28862170 31862140 0 0 28926925 31927190 85801717 90461275 X 2967258 33007 X 0 1 X 1 0 603425 603425 2347629 1501731 845898 6997838 4476377 2521461 92666652 25464280 67202372 71173156 ARK ELECTRIC COOP CORP 4687384 C ARK ELECTRIC COOP INC 1104263 C NATL RURAL UTIL CORP FIN 477389 C FEDERATED RURAL ELECTRIC 264918 C NATL INFO SOLUTIONS COOP 80150 C POLK COUNTY FARMERS ASSOC 1229 C NATL RURAL TELEPHONE COOP 1000 C OTHER INVESTMENTS 305 C 6616638 ACCRUED PROPERTY TAXES 546385 CUSTOMER DEPOSITS 416939 CUSTOMER ADVANCES FOR CONSTRUCTION 881533 ACCRUED SICK & VACATION TIME 80074 SALES & PAYROLL TAX PAYABLE 170188 PATRONAGE CAPITAL PAYABLE 31513 INTEREST PAYABLE 41610 ACCRUED AUDIT FEE 18980 2187222 21911930 0 21911930 0 21911930 18944672 0 18944672 0 18944672 X 0 0 0 BRAD CASTOR CEO 217887 0 0 0 0 0 55205 0 31456 0 304548 0 0 0 BRIAN DIXON EMPLOYEE 134234 0 0 0 0 0 35331 0 28858 0 198423 0 0 0 CHRIS PARKER CFO/OFFICE MGR 137365 0 0 0 0 0 31639 0 28018 0 197022 0 0 0 JASON HARRIS EMPLOYEE 134828 0 0 0 0 0 29442 0 27993 0 192263 0 0 0 JASON ONEAL EMPLOYEE 136160 0 0 0 0 0 27087 0 27934 0 191181 0 0 0 CORY THOMPSON EMPLOYEE 129988 0 0 0 0 0 26498 0 27732 0 184218 0 0 0 ROBERT TODD EMPLOYEE 124071 0 0 0 0 0 26498 0 27808 0 178377 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - AS A COOPERATIVE, ALL OF THE INDIVIDUALS OR BUSINESSES THAT ARE PROVIDED ELECTRIC SERVICE THROUGH THE COOPERATIVE ARE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - ALL BOARD MEMBERS ARE ELECTED BY THE COOPERATIVE'S MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE COOPERATIVE'S CEO AND BOARD CHAIRMAN REVIEW AND DISCUSS THE CONTENTS OF FORM 990 PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 15 EACH EMPLOYEE RECEIVES AN ANNUAL PERFORMANCE EVALUATION BY THE CEO AT WHICH TIME THEIR ANNUAL COMPENSATION IS REVIEWED. ALL RESULTS ARE DOCUMENTED IN THE EMPLOYEES' FILES. THE COOPERATIVE'S CEO IS GIVEN A PERFORMANCE VALUATION BY THE BOARD ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE BY-LAWS ARE GIVEN TO EACH MEMBER WHEN THEY JOIN THE COOPERATIVE AND THE BY-LAWS ARE PUBLISHED ANNUALLY IN THE COOPERATIVE'S RURAL ARKANSAS MAGAZINE WHICH IS DISTRIBUTED TO ALL MEMBERS. A COPY OF THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION FOR ALL MEMBERS AT THE COOPERATIVE'S BUSINESS OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: CHANGE IN DONATED CAPITAL 32,712. CHANGE IN MEMBERSHIPS 295.