2025-06-19T15:25:06-04:00 2024-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2024-01-01 730495962 VERDIGRIS VALLEY ELECTRIC COOPERATIVE INC VERD 9183712584 PO BOX 219 COLLINSVILLE OK 74021 ALICE HOUSTON GENERAL MANAGER 9183712584 2025-05-20 true false MICHAEL K BURKE CPA P00054433 9187498337 2025-05-20 2024 2025-03-06 01:10:19Z MICHAEL HALL PO BOX 219 COLLINSVILLE OK 74021 93576277 false X WWW.VVEC.COM X 1938 OK TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBERS/OWNERS AT A REASONABLE COST 9 9 101 0 0 85735417 93051194 295218 202898 196551 322185 86227186 93576277 0 6535050 8762271 4369745 3802512 0 0 75322391 81011494 86227186 93576277 0 225034975 238499583 128348194 133537188 96686781 104962395 TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBERS/OWNERS AT A REASONABLE COST false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 39,235 ACTIVE SERVICES (44,725 TOTAL SERVICES IN PLACE - 5,490 IDLE SERVICES) AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. 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 true false false false 39 0 101 true false false false false false 87301845 1208876 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false OK X ALICE HOUSTON 9183712584 PO BOX 219 COLLINSVILLE OK 74021 ALICE HOUSTON GENERAL MANA 40.00 X 355786 0 129099 MICHAEL HALL COO / CAO 40.00 X 321629 0 124273 KIMBERLY LOFFER EXC SECR./ME 40.00 X 198712 0 163964 DANNY BEMENT DIR OPERATIO 40.00 X 205478 0 148431 MARLIN BARNHART ASSIST TO CO 40.00 X 197241 0 126323 FLORIENE PROCK CFO 40.00 X 171000 0 140791 KEITH DELOZIER ENGINEER 40.00 X 194474 0 115333 DONALD HUTCHINSON KEY ACCT/GOV 40.00 X 261492 0 45821 ROGER SALISBURY LINEMAN 40.00 X 217307 0 85489 SHANNON BREWER ENERGY AUDIT 40.00 X 199462 0 101463 JIMMY LAMBERT TRUSTEE 14.00 X 52748 0 0 JACK BOGART TRUSTEE 10.00 X 43232 0 0 JIMMY BRACKETT TREASURER 12.00 X X 42032 0 0 DENNIS LENOX VICE PRESIDE 10.00 X X 39614 0 0 JOHN HIBDON TRUSTEE 8.00 X 37832 0 0 CHARLES HUERTER TRUSTEE 15.00 X 29116 0 0 KEN HOWARD PRESIDENT 8.00 X X 24334 0 0 VERNON LEWIS TRUSTEE 16.00 X 22193 0 0 BUDDY MCCARTY TRUSTEE 12.00 X 7233 0 0 JOHN BROGAN TRUSTEE 8.00 X 600 0 0 2621515 1180987 57 false true false XYLEM 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 RIGHT OF WAY 1663110 HARDIN TREE SERVICE PO BOX 310 OOLOGAH OK 74053 RIGHT OF WAY 1313235 BAKER TRENCHING PO BOX 52 OWASSO OK 74055 TRENCHING 531935 MID-CON ENERGY SERVICE INC PO BOX 2648 PONCA CITY OK 74602 POWERLINE CONST 402294 CAPITAL ELECTRIC 7050 ENSIGN DRIVE PARKVILLE MO 64152 POWERLINE CONST 398875 9 SALES OF ELECTRICITY 221000 87301846 87301846 PATRONAGE DIVIDENDS 221000 5749348 5749348 93051194 164665 164665 208018 208018 208018 208018 38233 38233 38233 38233 MUTUAL AID 114167 114167 114167 93576277 87301846 6274431 X 8762271 2218985 1583527 3622734 7659654 COST OF POWER 52076154 DISTRIBUTION 12588465 CONSUMER EXPENSE 3217108 TAXES 1707030 140349 93576277 0 0 0 2850748 3537038 59509 79985 8062159 10159431 1695364 1951634 96743 99677 236063316 66568690 164082067 169494626 48176737 53053543 11648 123649 225034975 238499583 16676009 25337162 102575874 98885423 9096311 9314603 128348194 133537188 X 906700 958535 4844588 5311571 90935493 98692289 96686781 104962395 225034975 238499583 X 0 8275614 X false true X true false 581765 581765 4083324 2812442 1270882 231363880 63740804 167623076 34347 15444 18903 169494626 INVESTMENTS IN ASSOCIATED 53020210 C RESTRICTED CASH ACCOUNT 33333 C 53053543 FAS 106 LIABILITY 8327109 OTHER 987494 9314603 X 93576277 93576277 93576277 84814006 84814006 8762271 8762271 93576277 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE NO PROVISION IS PROVIDED. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS ALLOCATED 8,762,271 X X false false false ALICE HOUSTON GENERAL MANAGER 341248 300 14238 95486 33613 484885 MICHAEL HALL COO / CAO 301910 800 18919 91382 32891 445902 KIMBERLY LOFFER EXC SECR./MEMBER SUP 195661 500 2551 119711 44253 362676 DANNY BEMENT DIR OPERATIONS/TECH 196192 656 8630 104217 44214 353909 MARLIN BARNHART ASSIST TO COO/ CAO 194730 800 1711 94586 31737 323564 FLORIENE PROCK CFO 167125 755 3120 96988 43803 311791 KEITH DELOZIER ENGINEER 189084 663 4727 73610 41723 309807 DONALD HUTCHINSON KEY ACCT/GOVT LIASON 258041 800 2651 4379 41442 307313 ROGER SALISBURY LINEMAN 214039 750 2518 55261 30228 302796 SHANNON BREWER ENERGY AUDIT/KEY ACC 195304 672 3486 69860 31603 300925 SCHEDULE J, PART III PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF RS DEFINED BENEFIT PENSION PLAN. THIS INCREASE OR DECREASE DOES NOT REPRESENT CASH PAYMENTS UNDER THE PLAN. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A YES FORM 990, PAGE 6, PART VI, LINE 7B YES FORM 990, PAGE 6, PART VI, LINE 11B REVIEW AND/OR APPROVAL BY BOARD. FORM 990, PAGE 6, PART VI, LINE 12C ORGANIZATION PERIODICALLY REVIEWS ITS CONFLICT OF INTEREST POLICY AT BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A MANAGER'S COMPENSATION INCLUDES A REVIEW OF PRIOR YEAR'S OPERATIONAL AND FINANCIAL DATA, COMPARISON OF OTHER MANAGERS' COMPENSATION FOR A COMPARABLE SIZE COOPERATIVE IN OUR STATE. ALL THIS INFORMATION IS CONSIDERED BY THE VVEC BOARD OF DIRECTORS ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15B KEY EMPLOYEES ARE COMPENSATED BASED ON MERIT AND YEARS OF SERVICE. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VII FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART X FORM 990, PART IX: FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS." PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIPS 51,835 BENEFITS MARGIN ALLOCATION 8,762,271 INCREASE IN AOCI 235,990 INCREASE IN OTHER EQUITIES 466,983 RECLASSIFICATION OF PRIOR YEAR MARGINS -294,780 RETIREMENT OF CAPITAL CREDITS -946,685 TOTAL 8,275,614 VERDIGRIS VALLEY SERVICES PO BOX 219 COLLINSVILLE OK 74021 INACTIVE OK N/A 1.00000 false VERDIGRIS VALLEY ECONOMIC DEVELOPMENT PO BOX 219 COLLINSVILLE OK 74021 INACTIVE OK N/A 21128 1.00000 false false false false false false false false false false false false false false false false false false true false VERDIGRIS VALLEY ECONOMIC DEVELOPMENT CORPORATION R 473 REAL ESTATE TAXES