2026-08-03T16:57:54-04:00 2025-12-31 311413363 BHM CPA GROUP INC PO BOX 875 CIRCLEVILLE OH 431130875 990 2025-01-01 314137520 BUCKEYE RURAL ELECTRIC CO-OP INC BUCK 7403792080 4848 STATE ROUTE 325 SOUTH RIO GRANDE OH 45674 JUSTIN EVANS CFO 7403792080 2026-08-03 true RYAN C HIXENBAUGH CPA P01052454 7404745210 2026-08-03 2025 2025-03-06 01:10:19Z WILLIAM H HOLCOMB 37244 OGDIN RD ALBANY OH 45710 53023399 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 59 0 0 49520483 51570622 265055 164177 909175 1251442 50694713 52986241 5000 5000 2237654 2940661 6101099 6082515 0 0 42350960 43958065 50694713 52986241 0 139726769 140805733 92535519 91922347 47191250 48883386 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 52981241 NUMBER OF MEMBERS SERVED = 14,516, MONTHLY PUBLICATION-OHIO COOPERATIVE LIVING, COOPERATIVE IS AN INTERGRAL PART OF THE COMMUNITY, PROVIDING ELECTRIC SERVICE TO THE MEMBERS IN 9 OHIO COUNTIES. 52981241 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 38 0 true 59 true false false false false false 50649747 2336494 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 EVANS 7403792080 455 ARACOMA ROAD HUNTINGTON WV 25705 KENT ELDRIDGE GM/CEO 40.00 X 232573 0 104855 MELANIE LAWRENCE CEO 40.00 X 166100 0 77931 JUSTIN EVANS CFO 40.00 X 147883 0 80932 WESTON CLARY COO 40.00 X 132935 0 75885 CODY WALTER LINEMAN 52.39 X 147330 0 55650 TIMOTHY TUCKER LINEMAN 51.70 X 150346 0 49951 JERRY ROSE LINEMAN 55.88 X 130047 0 53343 JAMES STAPLETON LINEMAN 49.13 X 131494 0 40277 ERIN SCHNEIDER LINEMAN 48.04 X 130467 0 26663 WILLIAM H HOLCOMB PRESIDENT 7.09 X X 20300 0 0 PAUL BERRIDGE TRUSTEE 5.30 X 19350 0 0 RONALD HATFIELD TRUSTEE 6.31 X 16650 0 0 DANIEL NEWSOME SEC/TREAURER 5.75 X 16250 0 0 J WESLEY WILLIAMS FIRST VICE P 5.87 X 16200 0 0 TIMOTHY STEPHEN MASSIE TRUSTEE 5.29 X 13500 0 0 DENNIS BLAKEMAN TRUSTEE 4.00 X 13050 0 0 JODIE PENROD 2ND VICE PRE 1.51 X 7200 0 0 JAMES M HERRELL TRUSTEE 2.71 X 6444 0 0 1498119 565487 9 false true false NEW RIVER ELECTRICAL CORP 15 CLOVERDALE PLACE CLOVERDALE VA 24077 CONSTRUCTION 2888455 FILAS TREE SERVIICE LLC 4948 GOOD HOPE PIKE CLARKSBURG WV 26301 CLEARING 1712292 POWER SYSTEM ENGINEERING INC 2424 RIMROCK RD SUITE 300 MADISON WI 53713 ENGINEERING 634197 WILDFIRE PIPELINE CONTRACTORS 712 JACKSON PIKE GALLIPOLIS OH 45631 CLEARING 275841 THAYER POWER & COMMUNICATION LLC 3003 ETNA PARKWAY PATASKALA OH 43062 CONSTRUCTION 243264 8 ELECTRIC SALES 221122 50648042 50648042 ELECTRIC PROPERTY 221122 920875 920875 OTHER ELECTRIC REVENUE 221122 1705 1705 51570622 161516 161516 39819 37158 2661 2661 2661 PATRONAGE CAPITAL 221122 1229167 1229167 NON-OPERATING REVENUE 22275 22275 1251442 52986241 51903850 1082391 5000 2940661 808435 3614807 1276892 382381 102750 52788 829611 1687 2784390 4128756 58916 COST OF POWER 28191201 MAINTENANCE 2688410 OPERATIONS 2314180 TAXES 1192839 1612537 52986241 0 0 0 2846882 5139534 5182060 4750124 3209718 3174179 2098368 2223673 137210924 31982945 106198165 105227979 20168667 20240229 22909 50015 139726769 140805733 4854677 4049366 81078921 78445922 6601921 9427059 92535519 91922347 X 47191250 48883386 47191250 48883386 139726769 140805733 X 0 1692136 X false true X true false 131395564 31386240 100009324 5815360 596705 5218655 105227979 PATRONAGE CAPITAL - VARIOUS 18449873 C BUCKEYE POWER INC-EQUITY CAPITAL 963945 C CFC-CAPITAL TERM CERTIFICATES 826411 C 20240229 OTHER DEFERRED CREDITS 4491843 ACCRUED TAXES 1536253 ACCUM PROVISION FOR PENSION & BENEFI 1459158 REVENUE DEFERRAL 1200000 OTHER LIABILITIES (DEPOSITS) 565591 DEFERRED CREDITS 174214 9427059 X 52986241 52986241 52986241 50045580 50045580 2940661 2940661 52986241 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 2022, 2023 AND 2024 ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XII, LINE 4B YE MARGINS ALLOC TO MEMBERS 2,940,661 X X false false false KENT ELDRIDGE GM/CEO 232573 75750 29105 337428 MELANIE LAWRENCE CEO 166100 47538 30393 244031 JUSTIN EVANS CFO 147883 49116 31816 228815 WESTON CLARY COO 132935 44357 31528 208820 CODY WALTER LINEMAN 147330 25521 30129 202980 TIMOTHY TUCKER LINEMAN 150346 25521 24430 200297 JERRY ROSE LINEMAN 130047 22680 30663 183390 JAMES STAPLETON LINEMAN 131494 25521 14756 171771 ERIN SCHNEIDER LINEMAN 130467 24885 1778 157130 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 14,525 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 2,940,661 POST RETIREMENT BENEFITS GAIN (LOSS) -129,160 CAPITAL CREDITS REASSIGNED 405,502 RETIRE PATRONAGE CAPITAL -1,524,867 TOTAL 1,692,136