2025-04-22T16:34:22-07:00 2024-12-31 990 2024-01-01 430634203 CITIZENS ELECTRIC CORPORATION CITI 8778763511 1500 Rand Avenue Perryville MO 63775 JASON CATES CEO 5737683900 2025-04-17 1 2024 2025-03-06 01:10:19Z JASON CATES 1500 RAND AVE PERRYVILLE MO 63775 142366503 0 X www.cecmo.com X 1947 MO Sale of electric energy to the cooperative's members. 10 10 81 0 0 0 0 0 136940727 137837228 3077354 4539367 21940 -10092 140040021 142366503 0 0 0 0 8289428 9045716 0 0 0 124517709 122602205 132807137 131647921 7232884 10718582 189554520 317869881 67637423 187862422 121917097 130007459 Sale of electric energy to the cooperative's members 0 0 Provide electric service to an average of 27,771 members with gross consumption of 1.670 billion kWh's. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 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 43 0 1 81 1 0 0 0 0 0 137837228 4539367 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MO X Citizens Electric Corporation 8778763511 1500 Rand Avenue Perryville MO 63775 Jason D Cates CEO 72 0 X 282091 0 93366 Curt Iffert VP of Operations 45 0 X 143905 0 70651 Kent Kassel Superintendent 55 0 X 128305 0 65248 James Goodpasture Superintendent 50 0 X 128723 0 63855 Rodney Reed Line Foreman 60 0 X 132115 0 54132 Larry Kuehn Line Foreman 60 0 X 128069 0 54132 Rachel Tiehes Manager of Finance 51 0 X 99611 0 56935 William Odneal President 4.75 0 X 19950 0 334 Rodney Scherer Director 5.25 0 X 16350 0 334 Glen Weible Treasurer 6.32 0 X 15300 0 334 Mark Wengert Secretary 3.66 0 X 14800 0 334 Rex Meyr Director 2.12 0 X 14250 0 334 Derek Miesner Vice-President 3.38 0 X 13950 0 334 Thomas Keim Director 3.79 0 X 13500 0 334 Richard T DeWilde Director 2.56 0 X 13050 0 334 Donald Fulford Director 2.80 0 X 13050 0 334 Doyle Oehl Director 2.3 0 X 12100 0 334 1189119 0 461659 41 0 1 0 Milbank LLP 55 Hudson Yards New York NY 10001 Legal and Consulting 1881698 Townsend Tree Service PO Box 128 Parker IN 473680128 Line Clearing 1126237 Lakenan Insurance 890 Rozier St Ste Genevieve MO 63670 Insurance Agent 570746 Electric Power Systems PO Box 958012 St Louis MO 63195 Supplier 469482 Cape Electrical Supply PO Box 117215 Atlanta GA 303687215 Supplier 451518 7 0 Program Revenue 221000 137837228 137837228 0 0 0 0 0 0 137837228 4539367 4539367 0 0 0 0 0 0 0 0 0 0 103773 0 0 0 103773 0 103773 103773 0 0 0 0 Merchandise & Jobbing 221000 -3797 -3797 0 0 Other Comprehensive Income 221000 -110068 -110068 0 0 0 0 0 0 -113865 142366503 142366503 0 0 0 0 0 0 1189119 0 3870732 1580741 1817762 587362 0 101230 23065 0 0 0 694181 33919 689360 767805 0 0 1146688 0 73753 1698579 0 7105604 703109 Purchase Power 103483807 Operating & Maintenance 2319051 Property Taxes 2176188 Gross Receipts 1585866 0 131647921 0 0 0 10574925 127037586 0 0 0 0 12563498 14724559 0 0 0 0 0 0 5513643 5949189 117280 82724 211728961 82098083 125651164 129630878 0 0 0 0 34600733 18883915 0 0 533277 21561030 189554520 317869881 9536693 10017273 0 0 0 0 0 0 0 0 0 0 50827163 168887357 0 0 7273567 8957792 67637423 187862422 X 82645 86185 15059 15059 121819393 129906215 121917097 130007459 189554520 317869881 X 10718582 0 0 0 0 -2628220 X 0 1 X 1 0 0 1292698 1292698 0 29604481 10515976 19088505 0 0 0 0 0 0 0 0 0 180831782 71582107 109249675 129630878 Patronage Capital Wabash Valley Power 13141623 C Patronage Capital CFC 636882 C Capital Term Certificates 1260323 C Invest A Prime, LLC 8063 C Patronage Capital CoBank 223443 C Patronage Capital Arkansas Electric 1047893 C Patronage Capital Cooperative Resource Center 28420 C Patronage Capital MFA Oil 4746 C Patronage Capital - NRTC 2430 C Patronage Capital - Meridian 236828 C Patronage Capital - United Utility 33367 C Patronage Capital - NISC 21277 C Economic Development Loans 2238620 C 18883915 Regulatory Asset - Wabash Pat Cap Discount 18797549 Regulatory Asset - Legal & Consulting 2351359 Other 33014 Nat. Rural Electric Dues 48904 Deferred Debit - Post Retirement Benefit 330204 21561030 0 Accumulated Post Retirement Benefits 2576254 Customer Deposits 977783 Current Maturities of LTD 4157221 Gross Receipts 116598 Accrued Labor/Vacation 986943 Taxes Payable - City, County & State 103556 Other 39437 8957792 142366503 0 0 0 0 0 142366503 0 0 0 142366503 131647921 0 0 0 0 0 131647921 0 0 0 131647921 X 0 0 0 Jason D Cates CEO 282091 0 0 0 0 0 68534 0 24833 0 375458 0 0 Curt Iffert VP of Operations 143905 0 0 0 0 0 45973 0 24679 0 214557 0 0 0 Kent Kassel Superintendent 128305 0 0 0 0 0 40853 0 24395 0 193553 0 0 0 James Goodpasture Superintendent 128723 0 0 0 0 0 39481 0 24374 0 192578 0 0 0 Rodney Reed Line Foreman 132115 0 0 0 0 0 30268 0 23864 0 186247 0 0 0 Larry Kuehn Line Foreman 128069 0 0 0 0 0 30268 0 23864 0 182201 0 0 0 Rachel Tiehes Manager of Finance 99611 0 0 0 0 0 32476 0 24460 0 156547 0 0 0 Form 990, Part VI, Section A, Line 6 Class of members have the right to participate in the organization's governance and receive capital credit distributions of income from the organization. Form 990, Part VI, Section A, Line 7a Election of members and rights. An Annual Meeting is held, and the members are encouraged to vote for members of the governing body and any changes to the by-laws. Form 990, Part VI, Section B, Line 11b Organization's process used to review Form 990. The Form 990 is included in the Board packet sent prior to the Board meeting and is further reviewed at the Board meeting prior to filing. Form 990, Part VI, Section B, Line 12c All officers, key employees, highest compensated employees and directors are asked to complete or review a questionnaire relating to conflicts of interest. Form 990, Part VI, Section B, Line 15 Enforcement of conflict policy. An annual conflict of interest form is completed and reviewed. Policy is reviewed every two years. Enforcement is reviewed per incident with all aspects of conflict taken into consideration. Section B, line 15a - Compensation Process for Top Officers. The CEO's compensation is approved by the Board of Directors. Comparable compensation data from the market and industry are used in setting the salary. Industry trade organizations assist in the process. Section B, Line 15b - Compensation Process for Officers and Key Employees. Compensation is set through annual performance evaluations and compared to industry wage and benefit surveys. The CEO and Board of Directors set compensation amounts. Union employee salary is set per Union Contract. Form 990, Part VI, Section C, Line 19 Governing Documents Disclosure Explanation. Governing conflict of interest policy and financial statements are available to the public through a combination of the corporation's website and up on request. Form 990, Part XI, Line 9 Retirement of a portion of 1998, 1999, & 2020 patronage capital to past and present members.