Nonprofit · EIN 43-0388909
MACON ELECTRIC COOPERATIVE
Tax-exempt · MACON, MO 63552
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $33,901,804 | $32,284,746 | $1,617,058 | $87,730,659 | $52,366,444 | $35,364,215 |
| December 31, 2024 | 990 | $31,343,808 | $30,824,696 | $519,112 | $83,033,964 | $49,286,807 | $33,747,157 |
| December 31, 2023 | 990 | $29,490,903 | $27,823,440 | $1,667,463 | $82,376,090 | $49,148,045 | $33,228,045 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $33,775,052
- Investment income
- $126,752
- Net gain from sales of assets
- $12,136
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,000
- Benefits paid to members
- $845,435
- Compensation of officers, directors and key employees
- $554,824
- Salaries, compensation and benefits (total)
- $554,824
- Professional fundraising fees
- $0
- Depreciation
- $3,504,430
- Program services (functional)
- $32,284,746
Balance sheet and other
- Total assets, start of year
- $83,033,964
- Total assets, end of year
- $87,730,659
- Total liabilities, end of year
- $52,366,444
- Net assets, end of year
- $35,364,215
- Land, buildings and equipment
- $60,236,501
- Gross receipts
- $33,907,068
- Employees
- 52
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- MO
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 |
|---|---|---|---|---|
| Timothy Korman | General Manager/CEO Officer | 50 | $199,115 | $99,750 |
| Joshua Langhammer | Mgr of Operations Highest-paid employee | 50 | $143,202 | $54,566 |
| Jamie Maupin | CFO Officer | 50 | $143,361 | $47,929 |
| Kenneth Fuller | Construction Foreman Highest-paid employee | 46 | $129,639 | $47,507 |
| Rick Farmer | Lead Lineman Highest-paid employee | 46 | $119,707 | $55,091 |
| Trevor Bax | Dist System Foreman Highest-paid employee | 47 | $123,890 | $47,988 |
| Jamison Hogsett | Dist System Foreman Highest-paid employee | 47 | $119,288 | $31,377 |
| Richard L Kemp | Secretary-Treasurer Trustee or director, Officer | 4 | $14,250 | $0 |
| Chris Herman | Director Trustee or director | 2 | $9,000 | $0 |
| William Lear | Director Trustee or director | 2 | $7,250 | $0 |
| Daniel Smithson | Vice President Trustee or director, Officer | 2 | $7,000 | $0 |
| Ben Williams | Director Trustee or director | 3 | $7,000 | $0 |
| James Collins | President Trustee or director, Officer | 3 | $6,750 | $0 |
| Mary Almond | Director Trustee or director | 2 | $6,750 | $0 |
| Alvin Weimer | Director Trustee or director | 2 | $6,750 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Hancock | Director Trustee or director | 2 | $6,750 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Timothy Korman | General Manager/CEO Officer | 50 | $172,808 | $79,988 |
| Nick Stueve | Lead Lineman Highest-paid employee | 47 | $125,785 | $53,186 |
| Kenneth Fuller | Construction Foreman Highest-paid employee | 47 | $127,172 | $43,711 |
| Jamie Maupin | CFO Officer | 50 | $118,145 | $41,128 |
| Trae Adams | Lineman Highest-paid employee | 48 | $121,497 | $35,701 |
| Benjamen Williams | Lineman Highest-paid employee | 47 | $122,758 | $27,544 |
| Luke Reitz | Lineman Highest-paid employee | 48 | $125,435 | $8,332 |
| Richard L Kemp | Secretary-Treasurer Trustee or director, Officer | 4 | $10,367 | $0 |
| Mary Almond | Director Trustee or director | 2 | $7,100 | $0 |
| Ben Williams | Director Trustee or director | 3 | $7,000 | $0 |
| Daniel Smithson | Vice President Trustee or director, Officer | 2 | $6,250 | $0 |
| William Lear | Director Trustee or director | 2 | $5,850 | $0 |
| Alvin Weimer | Director Trustee or director | 2 | $5,850 | $0 |
| James Collins | President Trustee or director, Officer | 3 | $5,750 | $0 |
| Paul Unterbrink | Director Trustee or director | 1 | $2,750 | $0 |
| Robert Hancock | Director Trustee or director | 2 | $2,000 | $0 |
| Larry Abernathy | Director Trustee or director | 3 | $1,500 | $0 |
| Chris Herman | Director Trustee or director | 2 | $1,250 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Timothy Korman | General Manager/CEO Officer | 50 | $166,490 | $61,718 |
| Rick Farmer | Lead Lineman Highest-paid employee | 46 | $111,818 | $41,077 |
| Kenneth Fuller | Construction Foreman Highest-paid employee | 46 | $111,693 | $38,105 |
| Michael Perotti | Lineman Highest-paid employee | 50 | $108,677 | $36,159 |
| Trevor Bax | Lineman Highest-paid employee | 44 | $108,073 | $32,418 |
| Jamie Maupin | CFO Officer | 50 | $110,880 | $29,169 |
| Lucas Roberts | Lineman Highest-paid employee | 47 | $109,810 | $19,312 |
| Richard L Kemp | Secretary-Treasurer Trustee or director, Officer | 4 | $8,350 | $0 |
| William Lear | Director Trustee or director | 2 | $6,300 | $0 |
| James Collins | President Trustee or director, Officer | 4 | $6,100 | $0 |
| Ben Williams | Director Trustee or director | 3 | $6,100 | $0 |
| Daniel Smithson | Vice President Trustee or director, Officer | 3 | $5,600 | $0 |
| Mary Almond | Director Trustee or director | 3 | $5,600 | $0 |
| Larry Abernathy | Director Trustee or director | 3 | $5,600 | $0 |
| Alvin Weimer | Director Trustee or director | 2 | $5,100 | $0 |
| Paul Unterbrink | Director Trustee or director | 1 | $4,200 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 157, MACON, MO 63552-0157
- In care of
- % KAY SMITH
- Principal officer (990 for 2025)
- Tim Korman, PO Box 157, Macon, MO 63552
- Signed the 990
- Tim Korman, General Manager
- Phone
- (660) 385-3157
- Website
- www.maconelectric.com
- Return prepared by
- Dennis G Koch & Associates LLC
Mission
At Macon Electric Cooperative, we are dedicated to providing our member-owners with quality and reliable electric service at the lowest possible cost. We also strive to provide services to improve the quality of life throughout the communities we serve.
Program accomplishments
- Providing electric service to the members of the CooperativeExpenses $32,284,746 · grants $10,000 · revenue $33,901,804
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
- 43-0388909
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $87,730,659
- Income (IRS master file)
- $33,907,068
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $33,901,804 | $32,284,746 | $87,730,659 | IRS |
| 990 | December 2024 | $31,343,808 | $30,824,696 | $83,033,964 | IRS |
| 990 | December 2023 | $29,490,903 | $27,823,440 | $82,376,090 | XML |
| 990 | December 2022 | $26,633,057 | $27,061,304 | $75,542,614 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 43-0388909).
Questions about MACON ELECTRIC COOPERATIVE
- What is the EIN of MACON ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of MACON ELECTRIC COOPERATIVE is 43-0388909.
- Is MACON ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to MACON ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MACON ELECTRIC COOPERATIVE 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 MACON ELECTRIC COOPERATIVE 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 MACON ELECTRIC COOPERATIVE 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 MACON ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 names Tim Korman.
- Who are the officers and directors of MACON ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $199,115 (Timothy Korman, General Manager/CEO).
- How much revenue does MACON ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $33,901,804, expenses of $32,284,746 and total assets of $87,730,659 at year end.
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