Nonprofit · EIN 54-0377465
SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC
Tax-exempt · ROCKINGHAM, VA 22801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $303,380,294 | $296,925,436 | $6,454,858 | $651,683,744 | $413,641,544 | $238,042,200 |
| December 31, 2023 | 990 | $293,135,758 | $288,336,265 | $4,799,493 | $614,582,746 | $391,420,461 | $223,162,285 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $300,642,526
- Investment income
- $1,459,161
- Net rental income
- $1,278,607
- Net gain from sales of assets
- -$57,152
- Other revenue
- $1,278,607
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $17,660,121
- Compensation of officers, directors and key employees
- $1,472,712
- Other salaries and wages
- $26,192,930
- Salaries, compensation and benefits (total)
- $32,992,793
- Professional fundraising fees
- $0
- Legal fees
- $710,251
- Travel
- $2,792,567
- Depreciation
- $21,498,719
Balance sheet and other
- Total assets, start of year
- $614,582,746
- Total assets, end of year
- $651,683,744
- Total liabilities, end of year
- $413,641,544
- Net assets, end of year
- $238,042,200
- Land, buildings and equipment
- $486,683,888
- Gross unrelated business income
- $158,974
- Gross receipts
- $303,682,695
- Employees
- 273
- Year formed
- 1936
- State of legal domicile
- VA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GREGORY S ROGERS | PRESIDENT & Officer | 60 | $593,071 | $109,852 |
| JONATHAN M AULGUR | ASST SEC/TRE Officer | 50 | $315,230 | $48,884 |
| WAYNE D HANNAH JR | VP & CIO Highest-paid employee | 55 | $260,109 | $85,179 |
| JASON E BURCH | VP ENGINEERI Highest-paid employee | 50 | $235,252 | $54,316 |
| TRACY MCBRIDE | VP FINANCE Highest-paid employee | 50 | $214,534 | $58,014 |
| WILLIAM E REES | DIR OPS SUP Highest-paid employee | 50 | $195,080 | $69,041 |
| MICHAEL S ALEXANDER | LEAD LINEMAN Highest-paid employee | 58 | $204,537 | $46,446 |
| BILL ORNDOFF | DIRECTOR Trustee or director | 5.35 | $45,100 | $0 |
| JR DOFFLEMYER | CHAIR Trustee or director, Officer | 4.19 | $42,950 | $0 |
| LARRY C HOWDYSHELL | DIRECTOR Trustee or director | 8.63 | $42,800 | $0 |
| BRENT ARBOGAST | SEC/TREAS Trustee or director, Officer | 4.08 | $41,825 | $0 |
| CA HELSLEY | DIRECTOR Trustee or director | 4.14 | $40,600 | $0 |
| STEPHEN BURKHOLDER | DIRECTOR Trustee or director | 3.62 | $39,925 | $0 |
| TODD VAN HORN | VICE CHAIR Trustee or director, Officer | 4.23 | $39,375 | $0 |
| SUZANNE OBENSHAIN | DIRECTOR Trustee or director | 5.72 | $38,900 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBBIE F MARCHANT | DIRECTOR Trustee or director | 6.77 | $37,325 |
| BRIAN PLUM | DIRECTOR Trustee or director | 4.98 | $36,875 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GREGORY S ROGERS | PRESIDENT & Officer | 60 | $566,072 | $104,284 |
| JONATHAN M AULGUR | ASST SEC/TRE Officer | 50 | $303,614 | $46,561 |
| WAYNE D HANNAH JR | VP & CIO Highest-paid employee | 55 | $247,632 | $79,338 |
| JASON E BURCH | VP ENGINEERI Highest-paid employee | 50 | $211,815 | $48,641 |
| WILLIAM E REES | VP OPERATION Highest-paid employee | 50 | $183,598 | $63,586 |
| SCOTT G BOYD | DIR INFRASTR Highest-paid employee | 50 | $180,982 | $57,507 |
| TRACY MCBRIDE | VP FINANCE Highest-paid employee | 50 | $180,869 | $48,440 |
| BILL ORNDOFF | CHAIR Trustee or director, Officer | 7.29 | $39,200 | $0 |
| LARRY C HOWDYSHELL | DIRECTOR Trustee or director | 8.6 | $32,150 | $0 |
| BRENT ARBOGAST | DIRECTOR Trustee or director | 6.25 | $30,425 | $0 |
| STEPHEN BURKHOLDER | DIRECTOR Trustee or director | 5.1 | $30,250 | $0 |
| ROBBIE F MARCHANT | DIRECTOR Trustee or director | 6.01 | $30,150 | $0 |
| SUZANNE OBENSHAIN | DIRECTOR Trustee or director | 5.54 | $30,150 | $0 |
| CA HELSLEY | SEC/TREAS Trustee or director, Officer | 2.9 | $29,950 | $0 |
| JR DOFFLEMYER | VICE CHAIR Trustee or director, Officer | 3.84 | $29,850 | $0 |
| TODD VAN HORN | DIRECTOR Trustee or director | 8.26 | $29,850 | $0 |
| BRIAN PLUM | DIRECTOR Trustee or director | 4 | $29,550 | $0 |
Address and contacts
- Address (IRS master file)
- 180 OAKWOOD DR, ROCKINGHAM, VA 22801-3955
- Principal officer (990 for 2024)
- GREGORY S ROGERS, 180 OAKWOOD DR, ROCKINGHAM, VA 22801
- Signed the 990
- GREGORY S ROGERS, PRESIDENT & CEO
- Phone
- (540) 434-2200
- Website
- WWW.SVEC.COOP
- Return prepared by
- ADAMS JENKINS & CHEATHAM
Mission
PROVIDE RELIABLE AND SAFE ELECTRIC SERVICE AT THE BEST POSSIBLE VALUE WITHIN OUR COMMUNITIES, CONSISTENT WITH SOUND MANAGEMENT AND COOPERATIVE PRINCIPLES.
Program accomplishments
- PROVIDE RELIABLE AND SAFE ELECTRIC SERVICE AT THE BEST POSSIBLE VALUE WITHIN OUR COMMUNITIES, CONSISTENT WITH SOUND MANAGEMENT AND COOPERATIVE PRINCIPLES. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 195,299,488 OTHER SALARIES AND WAGES 26,192,930 DEPRECIATION EXPENSE 21,498,719
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 | Not 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
- 54-0377465
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $651,683,744
- Income (IRS master file)
- $303,682,695
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $303,380,294 | $296,925,436 | $651,683,744 | IRS |
| 990 | December 2023 | $293,135,758 | $288,336,265 | $614,582,746 | XML |
| 990 | December 2022 | $277,006,002 | $273,064,407 | $620,113,096 | 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 54-0377465).
Questions about SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC
- What is the EIN of SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC is 54-0377465.
- Is SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SHENANDOAH VALLEY ELECTRIC COOPERATIVE 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 SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names GREGORY S ROGERS.
- Who are the officers and directors of SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $593,071 (GREGORY S ROGERS, PRESIDENT &).
- How much revenue does SHENANDOAH VALLEY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $303,380,294, expenses of $296,925,436 and total assets of $651,683,744 at year end.
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