Nonprofit · EIN 59-0192831
CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC
Tax-exempt · DEFUNIAK SPGS, FL 32435
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $182,276,805 | $166,188,168 | $16,088,637 | $452,206,017 | $297,036,940 | $155,169,077 |
| December 31, 2024 | 990 | $162,680,478 | $153,907,690 | $8,772,788 | $422,576,549 | $284,419,954 | $138,156,595 |
| December 31, 2023 | 990 | $149,247,583 | $141,860,887 | $7,386,696 | $400,927,730 | $271,894,425 | $129,033,305 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $180,224,731
- Investment income
- $1,296,531
- Net rental income
- $755,543
- Net gain from sales of assets
- $631,017
- Other revenue
- $755,543
Expenses
- Grants and similar amounts paid
- $173,460
- Benefits paid to members
- $3,695,716
- Compensation of officers, directors and key employees
- $1,417,865
- Salaries, compensation and benefits (total)
- $1,417,865
- Professional fundraising fees
- $0
- Depreciation
- $15,365,203
Balance sheet and other
- Total assets, start of year
- $422,576,549
- Total assets, end of year
- $452,206,017
- Total liabilities, end of year
- $297,036,940
- Net assets, end of year
- $155,169,077
- Land, buildings and equipment
- $327,347,811
- Gross receipts
- $182,276,805
- Employees
- 195
- Volunteers
- 0
- Year formed
- 1941
- State of legal domicile
- FL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN T RHODES | CHIEF EXECUTIVE OFFICER Officer | 55 | $526,203 | $0 | $422,017 |
| JONATHAN M AVERY | SENIOR VP OF E&O Highest-paid employee | 50 | $233,695 | $0 | $91,387 |
| EMILY E COWAN | VP OF MEMBER SVCS Highest-paid employee | 50 | $192,114 | $0 | $114,371 |
| FRANKLIN S SEAY | VP OF ADMINISTRATION Highest-paid employee | 45 | $209,355 | $0 | $90,975 |
| ROBIN C SHAW | VP OF FINANCE Officer | 50 | $205,161 | $0 | $68,635 |
| JEFFREY TRUETT | WORKING FOREMAN Highest-paid employee | 50 | $164,445 | $0 | $45,837 |
| ROCKY HUDSON | DIRECTOR OF E & O - EGLIN AFB Highest-paid employee | 40 | $150,554 | $0 | $47,136 |
| TERRY J PILCHER | TRUSTEE Trustee or director | 11 | $38,475 | $0 | $0 |
| BRADY BEARDEN | VICE PRESIDENT Trustee or director, Officer | 5 | $27,300 | $2,100 | $0 |
| GERALD EDMONDSON | PRESIDENT Trustee or director, Officer | 8 | $22,875 | $2,100 | $0 |
| BERT PRUTZMAN | TRUSTEE Trustee or director, Officer | 4 | $22,150 | $2,100 | $0 |
| DWAYNE DAVIS | TRUSTEE Trustee or director | 3.9 | $20,475 | $0 | $0 |
| GAYLE HUGHES | SECRETARY/TREASURER Trustee or director, Officer | 4 | $17,850 | $0 | $0 |
| RONALD C JONES | TRUSTEE Trustee or director | 2 | $15,750 | $2,100 | $0 |
| MIKEL LEE PERRY | TRUSTEE Trustee or director | 2 | $13,650 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REESE HARRISON | TRUSTEE Trustee or director | 2 | $8,925 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN T RHODES | CHIEF OPERATING OFFICER Officer | 55 | $497,606 | $0 | $363,966 |
| JONATHAN M AVERY | SENIOR VP OF E&O Highest-paid employee | 50 | $225,043 | $0 | $86,595 |
| EMILY E COWAN | VP OF MEMBER SVCS Highest-paid employee | 50 | $184,520 | $0 | $108,760 |
| FRANKLIN S SEAY | VP OF ADMINISTRATION Highest-paid employee | 45 | $202,850 | $0 | $78,362 |
| ROBIN C SHAW | VP OF FINANCE Officer | 50 | $197,867 | $0 | $53,088 |
| JASON PRICE | SENIOR LINE TECHNICIAN Highest-paid employee | 56.5 | $164,515 | $0 | $59,365 |
| KEVIN JONES | MANAGER OF ENGINEERING Highest-paid employee | 40 | $152,996 | $0 | $41,254 |
| TERRY J PILCHER | TRUSTEE Trustee or director | 6.2 | $28,435 | $0 | $0 |
| BRADY BEARDEN | VICE PRESIDENT Trustee or director, Officer | 4.9 | $24,010 | $1,960 | $0 |
| BERT PRUTZMAN | ASST SECRETARY/TREASURER Trustee or director, Officer | 4.6 | $20,580 | $1,960 | $0 |
| GERALD EDMONDSON | PRESIDENT Trustee or director, Officer | 8.1 | $19,110 | $1,960 | $0 |
| GAYLE HUGHES | SECRETARY/TREASURER Trustee or director, Officer | 3.8 | $19,110 | $0 | $0 |
| RONALD C JONES | TRUSTEE Trustee or director | 2.3 | $13,720 | $1,960 | $0 |
| DWAYNE DAVIS | TRUSTEE Trustee or director | 3.9 | $14,700 | $0 | $0 |
| MIKEL LEE PERRY | TRUSTEE Trustee or director | 1.9 | $13,230 | $0 | $0 |
| REESE HARRISON | TRUSTEE Trustee or director | 0.9 | $9,310 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN T RHODES | CHIEF EXECUTIVE OFFICER Officer | 55 | $451,995 | $0 | $343,639 |
| JONATHAN M AVERY | SENIOR VP OF E&O Key employee | 50 | $215,525 | $0 | $81,186 |
| EMILY E COWAN | VP OF MEMBER SVCS Highest-paid employee | 50 | $177,286 | $0 | $116,916 |
| FRANKLIN SCOTT SEAY | VP OF ADMINISTRATION Highest-paid employee | 45 | $196,502 | $0 | $70,668 |
| ROBIN C SHAW | VP OF FINANCE Officer | 50 | $183,762 | $0 | $47,685 |
| JASON PRICE | JOURNEYMAN LINEMAN Highest-paid employee | 53.85 | $146,554 | $0 | $53,089 |
| JEFFERY TRUETT | WORKING FOREMAN Highest-paid employee | 50.88 | $148,878 | $0 | $44,940 |
| TERRY J PILCHER | TRUSTEE Trustee or director | 8.4 | $31,350 | $0 | $0 |
| BRADY BEARDEN | VICE PRESIDENT Trustee or director, Officer | 5.53 | $23,750 | $2,375 | $0 |
| BERT PRUTZMAN | ASST SECRETARY/TREASURER Trustee or director, Officer | 5.01 | $21,375 | $2,375 | $0 |
| GERALD EDMONDSON | PRESIDENT Trustee or director, Officer | 6.5 | $15,200 | $1,425 | $0 |
| GAYLE HUGHES | SECRETARY/TREASURER Trustee or director, Officer | 3.96 | $16,625 | $0 | $0 |
| REESE HARRISON | TRUSTEE Trustee or director | 1.75 | $16,150 | $0 | $0 |
| DWAYNE DAVIS | TRUSTEE Trustee or director | 3.04 | $16,150 | $0 | $0 |
| RONALD C JONES | TRUSTEE Trustee or director | 1.84 | $12,350 | $2,375 | $0 |
| MIKEL LEE PERRY | TRUSTEE Trustee or director | 2.08 | $12,350 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 512, DEFUNIAK SPGS, FL 32435-0512
- Principal officer (990 for 2025)
- STEPHEN RHODES, PO BOX 512, DEFUNIAK SPRINGS, FL 324350512
- Signed the 990
- STEPHEN RHODES, CEO
- Phone
- (850) 892-2111
- Website
- WWW.CHELCO.COM
- Return prepared by
- JACKSON THORNTON ADVISORS LLC
Mission
TO PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA, & WALTON COUNTIES.
Program accomplishments
- TO PROVIDE ELECTRIC SERVICE TO MEMBERS IN PARTS OF HOLMES, OKALOOSA, SANTA ROSA, & WALTON COUNTIES.
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
- 59-0192831
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $452,206,017
- Income (IRS master file)
- $182,276,805
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $182,276,805 | $166,188,168 | $452,206,017 | XML |
| 990 | December 2024 | $162,680,478 | $153,907,690 | $422,576,549 | XML |
| 990 | December 2023 | $149,247,583 | $141,860,887 | $400,927,730 | XML |
| 990 | December 2022 | $140,151,380 | $133,323,002 | $375,282,827 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 59-0192831).
Questions about CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC
- What is the EIN of CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC is 59-0192831.
- Is CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHOCTAWHATCHEE 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 CHOCTAWHATCHEE ELECTRIC COOPERATIVE 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 CHOCTAWHATCHEE ELECTRIC COOPERATIVE 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 CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names STEPHEN RHODES.
- Who are the officers and directors of CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $526,203 (STEPHEN T RHODES, CHIEF EXECUTIVE OFFICER).
- How much revenue does CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $182,276,805, expenses of $166,188,168 and total assets of $452,206,017 at year end.
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