Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 71-0195390

WOODRUFF ELECTRIC COOPERATIVE CORPORATION

Tax-exempt · FORREST CITY, AR 72336

Financials

$53.6M$53.8M2023$57.2M$57.2M2024
Revenue Expenses · by fiscal year end
Financials of WOODRUFF ELECTRIC COOPERATIVE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$57,191,741$57,191,741$0$247,170,435$146,437,050$100,733,385
December 31, 2023990$53,595,538$53,754,933-$159,395$230,762,093$134,123,038$96,639,055
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$56,212,816
Investment income
$799,961
Net income from sales of inventory
$178,964
Other revenue
$178,964

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$5,727,715
Compensation of officers, directors and key employees
$838,978
Other salaries and wages
$5,699,778
Salaries, compensation and benefits (total)
$6,611,171
Professional fundraising fees
$0
Depreciation
$6,959,167
Program services (functional)
$57,191,741

Balance sheet and other

Total assets, start of year
$230,762,093
Total assets, end of year
$247,170,435
Total liabilities, end of year
$146,437,050
Net assets, end of year
$100,733,385
Land, buildings and equipment
$196,640,181
Gross receipts
$57,270,098
Employees
81
Year formed
1937
State of legal domicile
AR

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.

NameTitleHours / weekCompensationOther / benefits
MICHAEL L SWANPRESIDENT/CE
Officer
50$284,359$141,839
JIMMY R COOKVP-ENGINEERI
Key employee
50$165,910$84,966
RODNEY KELSOVP - OPERATI
Highest-paid employee
50$147,715$86,370
GLENN M KELLEYVP-INFORMATI
Highest-paid employee
50$152,347$78,190
KEVIN SCOTTVP - CORPORA
Highest-paid employee
50$123,251$76,253
EDWARD MILTONDISTRICT MAN
Highest-paid employee
50$123,263$76,208
NORMA HAWKINSVP OF HUMAN
Highest-paid employee
50$130,317$66,882
JERRY BROWNDIRECTOR
Trustee or director
7.08$34,723$0
CHARLES C BURROW IIIDIRECTOR
Trustee or director
7.39$32,212$0
AB THOMPSON JRDIRECTOR
Former
–$30,669$0
W WAYNE BEADLESDIRECTOR
Former
–$30,564$0
SHELIA BANKSDIRECTOR
Trustee or director
7.08$26,822$0
JOE WHITTENTON IIIDIRECTOR
Trustee or director
4.47$25,802$0
BRENT PONDERDIRECTOR
Trustee or director
6.62$16,612$0
KEITH FREELANDDIRECTOR
Trustee or director
6.18$15,494$0
2 more people on this return
NameTitleHours / weekCompensation
JIMMY N BICKERSTAFFDIRECTOR
Former
–$11,182
BILL RUSHINGDIRECTOR
Trustee or director
4.93$10,239
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL L SWANPRESIDENT/CE
Officer
50$264,966$129,011
RONALD L COCKMONVP-OFFICE SE
Key employee
50$174,640$98,281
JIMMY R COOKVP-ENGINEERI
Key employee
50$157,941$80,651
GLENN M KELLEYVP-INFORMATI
Highest-paid employee
50$142,650$84,211
RODNEY KELSOVP - OPERATI
Highest-paid employee
50$140,573$82,524
EDWARD MILTONDISTRICT MAN
Highest-paid employee
50$117,324$72,950
NORMA HAWKINSVP OF HUMAN
Highest-paid employee
50$121,898$62,142
KEVIN SCOTTVP - CORPORA
Highest-paid employee
50$112,946$70,597
AB THOMPSON JRDIRECTOR
Trustee or director
6.46$34,179$0
JERRY BROWNDIRECTOR
Trustee or director
7.08$32,738$0
CHARLES C BURROW IIIDIRECTOR
Trustee or director
7.38$30,726$0
JOE WHITTENTON IIIDIRECTOR
Trustee or director
4.46$29,325$0
SHELIA BANKSDIRECTOR
Trustee or director
7.38$27,344$0
W WAYNE BEADLESDIRECTOR
Trustee or director
3.69$25,179$0
JIMMY N BICKERSTAFFDIRECTOR
Trustee or director
3.53$24,179$0
BRENT PONDERDIRECTOR
Trustee or director
7.23$17,762$0
BILL RUSHINGDIRECTOR
Trustee or director
3.54$5,762$0

Address and contacts

Address (IRS master file)
PO BOX 1619, FORREST CITY, AR 72336-1619
Principal officer (990 for 2024)
MICHAEL L SWAN, PO BOX 1619, FORREST CITY, AR 723361619
Signed the 990
MICHAEL L SWAN, PRESIDENT/CEO
Phone
(870) 633-2262
Return prepared by
THOMAS SPEIGHT & NOBLE CPA'S

Mission

TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE ELECTRICITY - RURAL AREAS, 24,329 TOTAL SERVICES IN PLACE AT YEAR END.
    Expenses $57,191,741

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0195390
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)
$247,170,435
Income (IRS master file)
$57,270,098

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$57,191,741$57,191,741$247,170,435XML
990December 2023$53,595,538$53,754,933$230,762,093XML
990December 2022$59,033,506$59,033,506$206,489,107IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 71-0195390).

Questions about WOODRUFF ELECTRIC COOPERATIVE CORPORATION

What is the EIN of WOODRUFF ELECTRIC COOPERATIVE CORPORATION?
The employer identification number (EIN) of WOODRUFF ELECTRIC COOPERATIVE CORPORATION is 71-0195390.
Is WOODRUFF ELECTRIC COOPERATIVE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
Are donations to WOODRUFF ELECTRIC COOPERATIVE CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WOODRUFF ELECTRIC COOPERATIVE CORPORATION 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 WOODRUFF ELECTRIC COOPERATIVE CORPORATION 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 WOODRUFF ELECTRIC COOPERATIVE CORPORATION 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 WOODRUFF ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2024 names MICHAEL L SWAN.
Who are the officers and directors of WOODRUFF ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $284,359 (MICHAEL L SWAN, PRESIDENT/CE).
How much revenue does WOODRUFF ELECTRIC COOPERATIVE CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $57,191,741, expenses of $57,191,741 and total assets of $247,170,435 at year end.

Other nonprofits in FORREST CITY

All nonprofits in FORREST CITY · Arkansas