2025-10-09T13:04:02-07:00 2024-12-31 990 2024-01-01 750481385 PANOLA-HARRISON ELECTRIC PANO 9039357936 PO BOX 1058 MARSHALL TX 756711058 Michael A Haynes General Manager 9039357936 2025-10-09 1 2024 2025-03-06 01:10:19Z Michael Haynes PO Box 1058 Marshall TX 756711058 38001256 0 X WWW.PHEC.US X 1937 TX DISTRIBUTION OF ELECTRICITY AND RELATED SERVICES TO RURAL CUSTOMERS / MEMBERS 7 7 41 0 0 0 0 0 40096282 37417853 312425 180408 660003 402995 41068710 38001256 0 0 -2777560 -238142 5012127 5181804 0 0 0 38834143 33057594 41068710 38001256 0 0 68891397 70834513 26399880 28927283 42491517 41907230 PANOLA-HARRISON ELECTRIC COOPERATIVE IS AN ELECTRIC DISTRIBUTION COOPERATIVE FORMED FOR THE PURPOSE OF PROVIDING ELECTRICITY TO RURAL CUSTOMERS IN PANOLA AND HARRISON COUNTIES IN TEXAS; CADDO AND DESOTO PARISHES IN LOUISIANA. 0 0 SUPPLYING ELECTRIC SERVICE TO APPROXIMATELY 20,710 RURAL CUSTOMER METERS 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 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 23 0 1 41 1 0 0 0 0 0 37417853 583403 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X PANOLA-HARRISON ELEC COOP C/O RACHEL HOLLIDAY 9039357936 PO BOX 1058 MARSHALL TX 756711058 M AUSTIN HAYNES GENERAL MANAGER 50 X X X 184983 0 77015 CODIE STEWART SERVICEMAN/SERVICE LINEMAN 50 0 X 151727 0 55450 JAY KING SERVICEMAN/SERVICE LINEMAN 50 X 141200 0 56713 PAUL DAVIDSON CREW FOREMAN 50 0 X 132879 0 55991 TONY RATCLIFF LINEMAN 50 0 X 128565 0 52769 JACOB PITTS SERVICEMAN/SERVICE LINEMAN 50 0 X 128834 0 39888 ALBERT S TILLER PRESIDENT / DIRECTOR 7 0 X X 35170 0 0 JAY GOSWICK VICE PRESIDENT/DIRECTOR 3 0 X X 29762 0 0 PAUL FORTUNE SECRETARY/TREASURER/DIRECTOR 2 0 X X 28086 0 0 H GENE STOUGH JR DIRECTOR 1 0 X X 27469 0 0 ROBERT ORTIGO DIRECTOR 0 0 X X 14963 0 0 DEBBIE BURCH DIRECTOR 2 0 X X 9000 0 0 JERRY L HOLMES DIRECTOR 0 0 X X 5807 0 0 ROGER CONNELL DIRECTOR 0 0 X X 620 0 0 1019065 0 337826 12 0 1 0 BREXAN LINE SERVICE 102 N COLLEGE AVENUE TYLER TX 75702 CONTRACTOR 2304437 RE-CON COMPANY 12 NE 52ND ST OKLAHOMA CITY OK 73105 ASSISTANCE WITH SUBSTATION UPGRADES 705362 TALL PINE ROW MAINTENANCE 12591 FM 58 LUFKIN TX 759012677 RIGHT-OF-WAY MAINTENANCE 1325928 POWER ENGINEERS INC PO BOX 855321 MINNEAPOLIS MN 554855321 ENGINEERING CONSULTANTS 522649 4 0 SALES OF ELECTRICITY 221000 36930804 36930804 0 0 OTHER SERVICE REVENUES 211100 487049 487049 0 0 0 0 0 0 37417853 164908 164908 0 0 0 0 0 0 3365 3365 0 0 0 0 0 15500 0 0 0 15500 15500 0 0 15500 PATRONAGE CAPITAL CREDITS 221000 256378 256378 0 0 OTHER REVENUE 221000 143252 143252 0 0 0 0 0 0 399630 38001256 37985756 0 15500 X -238142 1356891 2465948 424749 681060 253156 42037 20525 5056174 32750 51941 45892 250954 18499 620704 2231576 294576 PURCHASED POWER COST 27989221 TRANSMISSION & DISTRIBUTION 1257173 CONSUMER ACCTS & GEN/ADMINISTRATION 426884 LESS: COST CAPITALIZED TO CONSTRUCTION -5281312 38001256 0 0 0 115094 17286 6172423 3464461 4685005 3844137 945702 1050244 408642 646287 90518476 45393376 40053827 45125100 16510704 16686998 68891397 70834513 5403622 5783207 11003781 10694371 9992477 12449705 26399880 28927283 X 0 0 0 0 42491517 41907230 42491517 41907230 68891397 70834513 X 0 0 0 0 0 -584287 X 0 0 0 0 1062174 1062174 0 920441 551697 368744 0 73019059 41387456 31631603 0 5056851 3454223 1602628 0 10459951 0 10459951 45125100 Invest. in Assoc. Org. - Patronage Capital 16069870 C Invest. in Assoc. Org. - Other - General Funds 19462 C Invest. in Assoc. Org. - Nongeneral Funds 597666 C 16686998 0 Accumulated Provision for Retirement Benefits 1762254 Consumer Deposits 3840596 Customer Advances for Construction/Retirement 6840115 Estimated Installed Cost on Special Equipment 6740 12449705 X 0 0 0 M AUSTIN HAYNES GENERAL MANAGER 181983 0 3000 0 0 0 43838 0 33177 0 261998 0 0 0 JAY KING SERVICEMAN/SERVICE LINEMAN 139400 0 1800 0 0 0 24190 0 32523 0 197913 0 0 0 CODIE STEWART SERVICEMAN/SERVICE LINEMAN 149927 0 1800 0 0 0 22960 0 32490 0 207177 0 0 0 PAUL DAVIDSON CREW FOREMAN 131079 0 1800 0 0 0 23484 0 32507 0 188870 0 0 0 JACOB PITTS SERVICEMAN/SERVICE LINEMAN 127034 0 1800 0 0 0 22928 0 16960 0 168722 0 0 0 TONY RATCLIFF LINEMAN 127065 0 1500 0 0 0 20361 0 32407 0 181333 0 0 0 Schedule J, Part I, Line 3 See Schedule O Form 990, Part VI, Section A, Line 6 All consumers must apply for membership and pay a ten dollar ($10) membership fee before receiving electric service. Membership entitles the owner to one vote. No one person may have more than one vote. Form 990, Part VI, Section A, Line 7a Members elect the Board of Directors (seven Board members) at the annual meeting. Each Board member serves a three-year term with no limits on the number of terms they may serve. Form 990, Part VI, Section A, Line 7b The Cooperative membership must approve the following decisions as a governing body: (1) The election of Directors; (2) The removal of directors or an officer; (3) membership in other organizations other than nonprofits that support rural electrification; and (4) the sale, mortgage, or lease of useful property and facilities with a value in excess of ten percent (10%) of the value of the total Cooperative property. Form 990, Part VI, Section B, Line 11b A draft copy of the IRS Form 990 and appropriate schedules is provided to each director. It is then reviewed at the PHEC Board of Directors meeting prior to filing the form 990. Upon approval of the Form 990 and schedules by the Board, the form 990 is electronically filed. Form 990, Part VI, Section B, Line 12c The General Manager and/or the Accounting Manager approves/prepares all vendor applications with procedures in place to help identify possible conflicts of interest. All vendor invoices are reviewed by the managers. Annual Conflict of Interest policies are completed and reviewed by appropriate personnel. Form 990, Part VI, Section B, Line 15 The PHEC Board of Directors review and approve compensation for the General Manager using the same guidelines the General Manager uses to determine salaries and wages for all other employees. The decision regarding the General Managers' compensation arrangement is recorded in the minutes of the Board meeting. The General Manager uses published wage and salary reports provided to electric cooperatives from a national source to help in determination of wages and salaries. In addition, compensation is based on internal job descriptions and job performance evaluations. Form 990, Part VI, Section C, Line 18 The Form 990 and Schedules, abbreviated financial reports, and other policies are made available upon request and may be viewed at the Cooperative. Form 990, Part VI, Section C, Line 19 The Cooperative Bylaws are available on the Cooperative's website. An abbreviated calendar year-end financial statement is provided to all members upon attending the annual meeting. Other reports and policies are available upon request and may be viewed at the Cooperative. Form 990, Part IX, Line 11g Independent Contractors for Distribution Expenses $1,355,521; Independent Contractors for Capitalized Costs $3,502,855; Engineering Services $26,108; Outage/Communication Services $123,005; Job Safety Training/Fees related to incidents $48,685 Form 990, Part XI, Line 9 Increase in Memberships $235 Decrease in amount recognized in periodic post benefit cost for postretirement healthcare benefits ($346,380) . Membership patronage allocation for 2024: ($238,142) . Capital Credit Retirements: $0.