Nonprofit · EIN 62-0238497
HOLSTON ELECTRIC COOPERATIVE INC
Tax-exempt · ROGERSVILLE, TN 37857
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $110,216,626 | $110,216,626 | $0 | $158,742,986 | $46,236,095 | $112,506,891 |
| June 30, 2024 | 990 | $101,432,047 | $101,432,047 | $0 | $149,358,074 | $44,937,613 | $104,420,461 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $107,305,550
- Investment income
- $799,862
- Net rental income
- $1,924,237
- Other revenue
- $2,111,214
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $8,090,404
- Compensation of officers, directors and key employees
- $813,010
- Salaries, compensation and benefits (total)
- $813,010
- Professional fundraising fees
- $0
- Depreciation
- $8,612,559
Balance sheet and other
- Total assets, start of year
- $149,358,074
- Total assets, end of year
- $158,742,986
- Total liabilities, end of year
- $46,236,095
- Net assets, end of year
- $112,506,891
- Land, buildings and equipment
- $122,378,867
- Gross receipts
- $110,216,626
- Employees
- 107
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- TN
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James B Sandlin | General Manager Officer | 55 | $351,713 | $129,889 |
| Nathan Franklin | Director of Engineering Highest-paid employee | 50 | $173,311 | $80,204 |
| Renn Lawson | Foreman Highest-paid employee | 50 | $160,392 | $77,598 |
| Shannon Bellamy | Director of Finance and Hu Officer | 50 | $210,217 | $17,243 |
| REX COLE | Foreman Highest-paid employee | 50 | $146,324 | $69,930 |
| James Glenn Risner | Foreman Highest-paid employee | 50 | $164,335 | $30,615 |
| Sammy W Trent | Director of Broadband Operations Highest-paid employee | 50 | $155,056 | $37,203 |
| Mark Derrick | Director Trustee or director | 8.4 | $19,425 | $0 |
| Phil Barrett | Director/Vice President Trustee or director, Officer | 4.6 | $15,925 | $0 |
| David Marshall | Director/Secretary/Treasur Trustee or director, Officer | 5.1 | $15,725 | $0 |
| Crystal Price | Director Trustee or director | 5.1 | $15,175 | $0 |
| Gordell Ely | Director Trustee or director | 4.5 | $14,275 | $0 |
| Jeff Ringley | Director/President Trustee or director, Officer | 3.6 | $12,275 | $0 |
| Jerry Horner | Director Trustee or director | 3.2 | $11,150 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James B Sandlin | General Manager Officer | 55 | $313,620 | $108,914 |
| James M Collier | Director of Operations Highest-paid employee | 50 | $149,135 | $133,197 |
| James Glenn Risner | Foreman Highest-paid employee | 50 | $138,944 | $83,187 |
| Nathan Franklin | Director of Engineering Highest-paid employee | 50 | $140,547 | $67,732 |
| Shannon Bellamy | Director of Finance and Hu Officer | 50 | $184,756 | $16,013 |
| Thomas Powell | Director of Broadband Oper Highest-paid employee | 50 | $139,505 | $22,842 |
| Chris Couch | Foreman Highest-paid employee | 50 | $129,743 | $12,544 |
| Mark Derrick | Director Trustee or director | 9.9 | $19,325 | $0 |
| Phil Barrett | Director/Vice President Trustee or director, Officer | 8.9 | $17,675 | $0 |
| Gordell Ely | Director Trustee or director | 8.3 | $15,825 | $0 |
| David Marshall | Director/Secretary/Treasurer Trustee or director, Officer | 4.7 | $15,675 | $0 |
| Jerry Horner | Director Trustee or director | 4.3 | $13,225 | $0 |
| Crystal Price | Director Trustee or director | 3.8 | $13,175 | $0 |
| Jeff Ringley | Director/President Trustee or director, Officer | 5 | $12,075 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 W MAIN ST, ROGERSVILLE, TN 37857-2444
- Principal officer (990 for 2024)
- Jeff Ringley, 1200 West Main Street, Rogersville, TN 37857
- Signed the 990
- Jeff Ringley, President
- Phone
- (423) 272-8821
- Return prepared by
- Jackson Thornton & Co PC
Mission
At Holston Electric Cooperative our mission is to provide safe, dependable electric service to our member-owners at a reasonable cost.
Program accomplishments
- Holston Electric Cooperative is a customer-owned distributor of TVA power, providing service to more than 32,000 residential, commercial and industrial customers in a 525 square-mile area of Hawkins and Hamblen Counties in upper East Tennessee.
- Holston Electric Cooperative operates it's wholly owned subsidiary, HolstonConnect, LLC, to provide rural broadband services (Internet, Telephone and Televison) to the current footprint of the Electric Cooperative. The most recent customer count is approximately 14,000 customers.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0238497
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $158,742,986
- Income (IRS master file)
- $110,216,626
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $110,216,626 | $110,216,626 | $158,742,986 | XML |
| 990 | June 2024 | $101,432,047 | $101,432,047 | $149,358,074 | XML |
| 990 | June 2023 | $103,748,257 | $103,748,257 | $143,343,428 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 62-0238497).
Questions about HOLSTON ELECTRIC COOPERATIVE INC
- What is the EIN of HOLSTON ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of HOLSTON ELECTRIC COOPERATIVE INC is 62-0238497.
- Is HOLSTON ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to HOLSTON ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOLSTON 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 HOLSTON ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOLSTON ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HOLSTON ELECTRIC COOPERATIVE INC?
- The 990 for the year ended June 30, 2025 names Jeff Ringley.
- Who are the officers and directors of HOLSTON ELECTRIC COOPERATIVE INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 14 received compensation from the organization, the highest $351,713 (James B Sandlin, General Manager).
- How much revenue does HOLSTON ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $110,216,626, expenses of $110,216,626 and total assets of $158,742,986 at year end.
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