Nonprofit · EIN 31-4137520
BUCKEYE RURAL ELECTRIC CO-OP INC
Tax-exempt · RIO GRANDE, OH 45674
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $52,986,241 | $52,986,241 | $0 | $140,805,733 | $91,922,347 | $48,883,386 |
| December 31, 2024 | 990 | $50,694,713 | $50,694,713 | $0 | $139,726,769 | $92,535,519 | $47,191,250 |
| December 31, 2023 | 990 | $46,999,381 | $46,999,381 | $0 | $143,780,464 | $96,516,693 | $47,263,771 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $51,570,622
- Investment income
- $164,177
- Net gain from sales of assets
- $2,661
- Other revenue
- $1,251,442
Expenses
- Grants and similar amounts paid
- $5,000
- Benefits paid to members
- $2,940,661
- Compensation of officers, directors and key employees
- $808,435
- Other salaries and wages
- $3,614,807
- Salaries, compensation and benefits (total)
- $6,082,515
- Professional fundraising fees
- $0
- Legal fees
- $102,750
- Accounting fees
- $52,788
- Depreciation
- $4,128,756
Balance sheet and other
- Total assets, start of year
- $139,726,769
- Total assets, end of year
- $140,805,733
- Total liabilities, end of year
- $91,922,347
- Net assets, end of year
- $48,883,386
- Land, buildings and equipment
- $105,227,979
- Gross receipts
- $53,023,399
- Employees
- 59
- Year formed
- 1937
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENT ELDRIDGE | GM/CEO Officer | 40 | $232,573 | $104,855 |
| MELANIE LAWRENCE | CEO Officer | 40 | $166,100 | $77,931 |
| JUSTIN EVANS | CFO Officer | 40 | $147,883 | $80,932 |
| WESTON CLARY | COO Officer | 40 | $132,935 | $75,885 |
| CODY WALTER | LINEMAN Highest-paid employee | 52.39 | $147,330 | $55,650 |
| TIMOTHY TUCKER | LINEMAN Highest-paid employee | 51.7 | $150,346 | $49,951 |
| JERRY ROSE | LINEMAN Highest-paid employee | 55.88 | $130,047 | $53,343 |
| JAMES STAPLETON | LINEMAN Highest-paid employee | 49.13 | $131,494 | $40,277 |
| ERIN SCHNEIDER | LINEMAN Highest-paid employee | 48.04 | $130,467 | $26,663 |
| WILLIAM H HOLCOMB | PRESIDENT Trustee or director, Officer | 7.09 | $20,300 | $0 |
| PAUL BERRIDGE | TRUSTEE Trustee or director | 5.3 | $19,350 | $0 |
| RONALD HATFIELD | TRUSTEE Trustee or director | 6.31 | $16,650 | $0 |
| DANIEL NEWSOME | SEC/TREAURER Trustee or director | 5.75 | $16,250 | $0 |
| J WESLEY WILLIAMS | FIRST VICE P Trustee or director | 5.87 | $16,200 | $0 |
| TIMOTHY STEPHEN MASSIE | TRUSTEE Trustee or director | 5.29 | $13,500 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS BLAKEMAN | TRUSTEE Trustee or director | 4 | $13,050 |
| JODIE PENROD | 2ND VICE PRE Trustee or director | 1.51 | $7,200 |
| JAMES M HERRELL | TRUSTEE Trustee or director | 2.71 | $6,444 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENT ELDRIDGE | GM/CEO Officer | 40 | $216,631 | $102,977 |
| JUSTIN EVANS | CFO Officer | 40 | $142,925 | $80,386 |
| MELANIE LAWRENCE | VP OF ADMIN Officer | 40 | $135,594 | $69,770 |
| WESTON CLARY | OPERATIONS M Highest-paid employee | 40 | $124,820 | $77,339 |
| JERRY ROSE | LINEMAN Highest-paid employee | 50.08 | $132,465 | $56,177 |
| JAMES WALKER | LINEMAN Highest-paid employee | 49.52 | $128,714 | $58,791 |
| TIMOTHY TUCKER | LINEMAN Highest-paid employee | 49.73 | $132,416 | $51,570 |
| JAMES STAPLETON | LINEMAN Highest-paid employee | 50.05 | $135,566 | $43,632 |
| PAUL BERRIDGE | PRESIDENT Trustee or director, Officer | 6.78 | $19,650 | $0 |
| RONALD HATFIELD | TRUSTEE Trustee or director | 9.68 | $19,500 | $0 |
| WILLIAM H HOLCOMB | SECT/TREAS Trustee or director, Officer | 7.66 | $18,850 | $0 |
| J WESLEY WILLIAMS | TRUSTEE Trustee or director | 4.89 | $14,300 | $0 |
| DENNIS BLAKEMAN | TRUSTEE Trustee or director | 4.99 | $13,850 | $0 |
| DANIEL NEWSOME | TRUSTEE Trustee or director | 4.62 | $11,900 | $0 |
| TIMOTHY STEPHEN MASSIE | TRUSTEE Trustee or director | 3.89 | $10,300 | $0 |
| JODIE PENROD | TRUSTEE Trustee or director | 1.01 | $9,700 | $0 |
| JAMES M HERRELL | TRUSTEE Trustee or director | 4.15 | $8,867 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENT ELDRIDGE | GM/CEO Officer | 40 | $179,183 | $72,208 |
| JUSTIN EVANS | CFO Officer | 40 | $129,683 | $73,541 |
| JAMES WALKER | LINEMAN Highest-paid employee | 49.89 | $124,881 | $56,015 |
| JAMES STAPLETON | LINEMAN Highest-paid employee | 52.39 | $138,410 | $40,850 |
| CODY WALTER | LINEMAN Highest-paid employee | 49.8 | $123,237 | $55,450 |
| TIMOTHY TUCKER | LINEMAN Highest-paid employee | 48.44 | $120,225 | $49,003 |
| MELANIE LAWRENCE | VP OF ADMIN Officer | 41.69 | $112,663 | $55,569 |
| ERIN SCHNIEDER | LINEMAN Highest-paid employee | 46.77 | $116,204 | $19,625 |
| PAUL BERRIDGE | PRESIDENT Trustee or director, Officer | 6.52 | $20,500 | $0 |
| WILLIAM H HOLCOMB | SECT/TREAS Trustee or director, Officer | 7.61 | $18,500 | $0 |
| J WESLEY WILLIAMS | TRUSTEE Trustee or director | 7.06 | $17,200 | $0 |
| DENNIS BLAKEMAN | TRUSTEE Trustee or director | 5.43 | $15,200 | $0 |
| RONALD HATFIELD | TRUSTEE Trustee or director | 4.97 | $12,000 | $0 |
| DANIEL NEWSOME | TRUSTEE Trustee or director | 4.33 | $11,600 | $0 |
| JAMES M HERRELL | TRUSTEE Trustee or director | 4.63 | $8,400 | $0 |
| TIMOTHY STEPHEN MASSIE | TRUSTEE Trustee or director | 2.89 | $8,400 | $0 |
| JODIE PENROD | TRUSTEE Trustee or director | 0.99 | $6,000 | $0 |
Address and contacts
- Address (IRS master file)
- 4848 STATE ROUTE 325 SOUTH, RIO GRANDE, OH 45674-0000
- Principal officer (990 for 2025)
- WILLIAM H HOLCOMB, 37244 OGDIN RD, ALBANY, OH 45710
- Signed the 990
- JUSTIN EVANS, CFO
- Phone
- (740) 379-2080
- Website
- WWW.BUCKEYEREC.COM
- Return prepared by
- BHM CPA GROUP INC
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.
Program accomplishments
- 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.Expenses $52,981,241
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-4137520
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $140,805,733
- Income (IRS master file)
- $53,023,399
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $52,986,241 | $52,986,241 | $140,805,733 | XML |
| 990 | December 2024 | $50,694,713 | $50,694,713 | $139,726,769 | XML |
| 990 | December 2023 | $46,999,381 | $46,999,381 | $143,780,464 | XML |
| 990 | December 2022 | $45,001,606 | $45,001,606 | $134,271,521 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-4137520).
Questions about BUCKEYE RURAL ELECTRIC CO-OP INC
- What is the EIN of BUCKEYE RURAL ELECTRIC CO-OP INC?
- The employer identification number (EIN) of BUCKEYE RURAL ELECTRIC CO-OP INC is 31-4137520.
- Is BUCKEYE RURAL ELECTRIC CO-OP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1944.
- Are donations to BUCKEYE RURAL ELECTRIC CO-OP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BUCKEYE RURAL ELECTRIC CO-OP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUCKEYE RURAL ELECTRIC CO-OP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUCKEYE RURAL ELECTRIC CO-OP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BUCKEYE RURAL ELECTRIC CO-OP INC?
- The 990 for the year ended December 31, 2025 names WILLIAM H HOLCOMB.
- Who are the officers and directors of BUCKEYE RURAL ELECTRIC CO-OP INC?
- The 990 for the year ended December 31, 2025 lists 18 people; 18 received compensation from the organization, the highest $232,573 (KENT ELDRIDGE, GM/CEO).
- How much revenue does BUCKEYE RURAL ELECTRIC CO-OP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $52,986,241, expenses of $52,986,241 and total assets of $140,805,733 at year end.
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