2026-08-14T10:42:25-04:00 2025-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2025-01-01 730495962 VERDIGRIS VALLEY ELECTRIC COOPERATIVE INC VERD 9183712584 PO BOX 219 COLLINSVILLE OK 74021 ALICE HOUSTON GENERAL MANAGER 9183712584 2026-07-06 true MICHAEL K BURKE CPA P00054433 9187498337 2026-07-06 2025 2025-03-06 01:10:19Z MICHAEL HALL PO BOX 219 COLLINSVILLE OK 74021 97372153 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 93051194 96288351 202898 435926 322185 647876 93576277 97372153 0 8762271 7268565 3802512 4067029 0 0 81011494 86036559 93576277 97372153 0 238499583 251745780 133537188 139876108 104962395 111869672 TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBERS/OWNERS AT A REASONABLE COST false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 39,641 ACTIVE SERVICES (45,284 TOTAL SERVICES IN PLACE - 5,643 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 30 0 101 true false false false false false 90203252 1478546 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 372742 0 146070 MICHAEL HALL COO / CAO 40.00 X 338782 0 141563 DANNY BEMENT DIR OPERATIO 40.00 X 217388 0 185738 MARLIN BARNHART ASSIST TO CO 40.00 X 213279 0 157632 KEITH DELOZIER ENGINEER 40.00 X 210778 0 135899 FLORIENE PROCK CFO 40.00 X 187016 0 158749 DANIEL LEMKE CONTRACTOR C 40.00 X 196417 0 133248 ROGER SALISBURY LINEMAN 40.00 X 222863 0 100598 SHANNON BREWER ROW COORDINA 40.00 X 199330 0 123791 MICHAEL MATTOX LINEMAN 40.00 X 194580 0 114395 JACK BOGART TRUSTEE 18.00 X 50187 0 0 JIMMY BRACKETT VICE PRESIDE 12.00 X X 45387 0 0 DENNIS LENOX PRESIDENT 6.00 X X 43569 0 0 JIMMY LAMBERT TRUSTEE 11.00 X 42987 0 0 JOHN HIBDON TRUSTEE 8.00 X 37587 0 0 JOHN BROGAN TRUSTEE 3.00 X 30747 0 0 CHARLES HUERTER TRUSTEE 16.00 X 29528 0 0 KEN HOWARD TRUSTEE 14.00 X 28346 0 0 BUDDY MCCARTY SECRETARY 12.00 X X 7833 0 0 2669346 1397683 61 false true false XYLEM 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 RIGHT OF WAY 2860796 FUSION POWER PO BOX 16340 OKLAHOMA CITY OK 73113 POLE REPLACE 2030954 BAKER TRENCHING PO BOX 52 OWASSO OK 74055 TRENCHING 685985 APEX ROW LLC PO BOX 788 MARSHALL AR 72650 ROW SPRAYING 340275 MAK TREE SEVICE & RIGHT OF WAY LLC 1320 48TH AVE NE NORMAN OK 73026 RIGHT OF WAY 239308 8 SALES OF ELECTRICITY 221000 90103250 90103250 PATRONAGE DIVIDENDS 221000 6185101 6185101 96288351 132754 132754 583857 583857 583857 583857 303172 303172 303172 303172 MISC NON-OPERATING INCOME 64019 64019 64019 97372153 90103250 7268903 X 7268565 2435130 1631899 3722504 7932494 COST OF POWER 55292743 DISTRIBUTION 13891424 CONSUMER EXPENSE 3124227 TAXES 1760784 312383 97372153 0 0 0 3537038 4693333 79985 314356 10159431 9367008 1951634 1722989 99677 102704 248125486 70743195 169494626 177382291 53053543 58029174 123649 133925 238499583 251745780 25337162 19979731 98885423 110099400 9314603 9796977 133537188 139876108 X 958535 969470 5311571 6277627 98692289 104622575 104962395 111869672 238499583 251745780 X 0 6907277 X false true X true false 565910 565910 4143801 2977456 1166345 243381428 67744003 175637425 34347 21736 12611 177382291 INVESTMENTS IN ASSOCIATED 57995841 C RESTRICTED CASH ACCOUNT 33333 C 58029174 FAS 106 LIABILITY 8930106 OTHER 866871 9796977 X 97372153 97372153 97372153 90103588 90103588 7268565 7268565 97372153 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 7,268,565 X X false false false ALICE HOUSTON GENERAL MANAGER 355735 300 16707 111213 34857 518812 MICHAEL HALL COO / CAO 315463 800 22519 107376 34187 480345 DANNY BEMENT DIR OPERATIONS/TECH 203736 731 12921 139597 46141 403126 MARLIN BARNHART ASSIST TO COO/ CAO 205344 800 7135 124396 33236 370911 KEITH DELOZIER ENGINEER 178257 747 31774 92765 43134 346677 FLORIENE PROCK CFO 181043 749 5224 126052 32697 345765 DANIEL LEMKE CONTRACTOR COORDIN 187852 625 7940 100516 32732 329665 ROGER SALISBURY LINEMAN 218183 700 3980 69112 31486 323461 SHANNON BREWER ROW COORDINATOR 195087 500 3743 90760 33031 323121 MICHAEL MATTOX LINEMAN 192874 669 1037 70023 44372 308975 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 10,935 BENEFITS MARGIN ALLOCATION 7,268,565 INCREASE IN OTHER EQUITIES 966,055 RECLASSIFICATION OF PRIOR YEAR MARGINS -316,592 RETIREMENT OF CAPITAL CREDITS -747,891 DECREASE IN AOCI -273,795 TOTAL 6,907,277 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 1.00000 false false false false false false false false false false false false false false false false false false false true VERDIGRIS VALLEY ECONOMIC DEVELOPMENT COPRORATION S 72170 PROCEEDS - SALE OF ASSETS