2025-11-14T13:36:48-05:00 2024-12-31 311413363 BHM CPA GROUP INC PO BOX 875 CIRCLEVILLE OH 431130875 990 2024-01-01 314137520 BUCKEYE RURAL ELECTRIC CO-OP INC BUCK 4848 STATE ROUTE 325 SOUTH RIO GRANDE OH 45674 JUSTIN EVANS CFO 2025-11-13 true false RYAN C HIXENBAUGH CPA P01052454 7404745210 2025-11-14 2024 2025-03-06 01:10:19Z PAUL BERRIDGE 2583 KEYSTONE FURNACE RD JACKSON OH 45640 50703849 false X WWW.BUCKEYEREC.COM X 1937 OH THE MISSION OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO THE MEMBERS OF THE COOPERATIVE IN THE NINE COUNTIES OF SOUTHERN OHIO. THE COOPERATIVE IS A MEMBER-OWNED, LOCALLY MANAGED AND DEMOCRATICALLY- CONTROLLED UTILITY WITH ROOTS GOING BACK TO THE MID-1930S. 9 9 55 0 0 43720915 49520483 364336 265055 2914130 909175 46999381 50694713 5000 5000 3702860 2237654 5371383 6101099 0 0 37920138 42350960 46999381 50694713 0 143780464 139726769 96516693 92535519 47263771 47191250 X THE MISSION OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO THE MEMBERS OF THE COOPERATIVE IN THE NINE COUNTIES OF SOUTHERN OHIO. THE COOPERATIVE IS A MEMBER-OWNED, LOCALLY MANAGED AND DEMOCRATICALLY- CONTROLLED UTILITY WITH ROOTS GOING BACK TO THE MID-1930S. false false 50694713 NUMBER OF MEMBERS SERVED = 14,490, MONTHLY PUBLICATION-OHIO COOPERATIVE LIVING, COOPERATIVE IS AN INTERGRAL PART OF THE COMMUNITY, PROVIDING ELECTRIC SERVICE TO THE MEMBERS IN 9 OHIO COUNTIES. 50694713 false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 36 0 true 55 true false false false false false 48719529 1975184 false false false X 9 9 false false false false true true false true true false false false true true true true false true true false X JUSTIN T EVANS 7403792025 455 ARACOMA RD HUNTINGTON WV 25705 KENT ELDRIDGE GM/CEO 40.00 X 216631 0 102977 JUSTIN EVANS CFO 40.00 X 142925 0 80386 MELANIE LAWRENCE VP OF ADMIN 40.00 X 135594 0 69770 WESTON CLARY OPERATIONS M 40.00 X 124820 0 77339 JERRY ROSE LINEMAN 50.08 X 132465 0 56177 JAMES WALKER LINEMAN 49.52 X 128714 0 58791 TIMOTHY TUCKER LINEMAN 49.73 X 132416 0 51570 JAMES STAPLETON LINEMAN 50.05 X 135566 0 43632 PAUL BERRIDGE PRESIDENT 6.78 X X 19650 0 0 RONALD HATFIELD TRUSTEE 9.68 X 19500 0 0 WILLIAM H HOLCOMB SECT/TREAS 7.66 X X 18850 0 0 J WESLEY WILLIAMS TRUSTEE 4.89 X 14300 0 0 DENNIS BLAKEMAN TRUSTEE 4.99 X 13850 0 0 DANIEL NEWSOME TRUSTEE 4.62 X 11900 0 0 TIMOTHY STEPHEN MASSIE TRUSTEE 3.89 X 10300 0 0 JODIE PENROD TRUSTEE 1.01 X 9700 0 0 JAMES M HERRELL TRUSTEE 4.15 X 8867 0 0 1276048 540642 8 false true false NEW RIVER ELECTRICAL CORP 15 CLOVERDALE PLACE CLOVERDALE VA 24077 CONSTRUCTION 5303275 FILAS TREE SERVIICE LLC 4948 GOOD HOPE PIKE CLARKSBURG WV 26301 CLEARING 1900277 POWER SYSTEM ENGINEERING INC 2424 RIMROCK RD SUITE 300 MADISON WI 53713 ENGINEERING 669359 WILDFIRE PIPELINE CONTRACTORS 712 JACKSON PIKE GALLIPOLIS OH 45631 CLEARING 309845 WA KENDALL & CO INC 2736 MEADOW CHURCH RD SUITE 200 DULUTH GA 30097 CLEARING 292364 6 ELECTRIC SALES 221122 48717629 48717629 ELECTRIC PROPERTY 221122 949429 949429 OTHER ELECTRIC REVENUE 221122 1900 1900 PCA TRUE UP 221122 -148475 -148475 49520483 258529 258529 15662 9136 6526 6526 6526 PATRONAGE CAPITAL 221122 875499 875499 NON-OPERATING REVENUE 33676 33676 909175 50694713 49486755 1207958 5000 2237654 622067 3780439 1338700 359893 106518 40434 696575 27298 2835587 4100563 48749 COST OF POWER 26228168 MAINTENANCE 3733233 OPERATIONS 2195727 TAXES 1083411 1254697 50694713 0 0 0 4888906 2846882 6825807 5182060 3171613 3209718 1768460 2098368 136243190 30045025 106511525 106198165 20575244 20168667 38909 22909 143780464 139726769 3794207 4854677 82608217 81078921 10114269 6601921 96516693 92535519 X 47263771 47191250 47263771 47191250 143780464 139726769 X 0 -72521 X false true X true false 130399896 29479149 100920747 5843294 565876 5277418 106198165 PATRONAGE CAPITAL - VARIOUS 18266526 C BUCKEYE POWER INC-EQUITY CAPITAL 963945 C CFC-CAPITAL TERM CERTIFICATES 938196 C 20168667 OTHER DEFERRED CREDITS 2698913 ACCRUED TAXES 1463945 ACCUM PROVISION FOR PENSION & BENEFI 1141422 OTHER LIABILITIES (DEPOSITS) 537204 REVENUE DEFERRAL 500000 DEFERRED CREDITS 260437 6601921 X 50694713 50694713 50694713 48457061 2 2 48457059 2237654 2237654 50694713 SCHEDULE D, PAGE 3, PART X THE AUTHORITY COMPLIES WITH ASC 740-10 RELATED TO UNCERTAIN TAX POSITIONS. THIS STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS TAKEN BY THE AUTHORITY ON ITS TAX RETURNS THAT THEY CONSIDER TO BE UNCERTAIN. TAX RETURNS FOR THE YEARS ENDED 2021, 2022 AND 2023 ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK / TAX DEPRECIATION DIFFERENCE 2 SCHEDULE D, PAGE 4, PART XII, LINE 4B YE MARGINS ALLOC TO MEMBERS 2,237,654 X X false false false KENT ELDRIDGE GM/CEO 216631 74115 28862 319608 JUSTIN EVANS CFO 142925 48083 32303 223311 MELANIE LAWRENCE VP OF ADMIN SERVICES 135594 45479 24291 205364 WESTON CLARY OPERATIONS MANAGER 124820 45393 31946 202159 JERRY ROSE LINEMAN 132465 27518 28659 188642 JAMES WALKER LINEMAN 128714 27717 31074 187505 TIMOTHY TUCKER LINEMAN 132416 27717 23853 183986 JAMES STAPLETON LINEMAN 135566 27717 15915 179198 SCHEDULE J, PART III SCHEDULE J, PART II: COLUMN (C) CONTAINS EMPLOYER DEFINED RETIREMENT PLAN CONTRIBUTIONS, EMPLOYER 401K CONTRIBUTIONS, AND DEFINED RETIREMENT PLAN CHANGE IN ACTUARIAL VALUE. COLUMN (D) CONTAINS THE FOLLOWING PRETAX ITEMS PAID BY THE EMPLOYEE: HEALTH INSURANCE, SUPPLEMENTAL SECTON 125 INSURANCE, HEALTH SAVINGS ACCOUNT CONTRIBUTIONS. COLUMN (D) ALSO CONTAINS THE FOLLOWING ITEMS PAID BY THE EMPLOYER: HEALTH INSURANCE AND HEALTH SAVINGS ACCOUNT CONTRIBUTIONS. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO THE MEMBERS OF THE COOPERATIVE IN THE NINE COUNTIES OF SOUTHERN OHIO. THE COOPERATIVE IS A MEMBER-OWNED, LOCALLY MANAGED AND DEMOCRATICALLY- CONTROLLED UTILITY WITH ROOTS GOING BACK TO THE MID-1930S. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS 14,521 VOTING MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS, CUSTOMERS, VOTE FOR THE OFFICERS BY BALLOT AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE CFO AND CEO PRESENT FINANCIAL RESULTS MONTHLY TO THE BOARD OF TRUSTEES FOR THE PREVIOUS MONTHS FINANCIAL RESULTS. ON AN ANNUAL BASIS, A FULL EXTERNAL AUDIT IS COMPLETED, AND RESULTS ARE REVIEWED WITH THE BOARD OF TRUSTEES. IN ADDITION, THE BOARD OF TRUSTEES HAS AN AUDIT COMMITTEE WHICH REVIEWS SPECIFIC EXPENSES WITH MANAGEMENT EACH QUARTER. A COPY OF THE FORM 990 IS ISSUED TO THE BOARD OF TRUSTEES FOR REVIEW AGAINST AUDITED RESULTS. FORM 990, PAGE 6, PART VI, LINE 12C AN EMPLOYEE MUST DISCLOSE TO HIS/HER APPROPRIATE SUPERVISOR ANY SITUATION OR TRANSACTION, IN WHICH THE EMPLOYEE IS INVOLVED WHICH VIOLATES, MAY VIOLATE, OR COULD APPEAR TO VIOLATE THE OBJECTIVE OF THIS POLICY. THE SUPERVISOR WILL THEN DISCUSS THIS WITH THE EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER TO DETERMINE WHAT ACTION SHOULD BE TAKEN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD BY USING COMPENSATION SURVEYS. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY USING COMPENSATION SURVEYS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE ANNUAL MEETING, COOPERATIVE LIVING MAGAZINE OR BY REQUEST. FORM 990, PART XI, LINE 9 CURRENT YR NET MARGINS 2,237,653 POST RETIREMENT BENEFITS GAIN (LOSS) -90,950 CAPITAL CREDITS REASSIGNED 455,465 RETIRE PATRONAGE CAPITAL -2,674,689 TOTAL -72,521