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Nonprofit · EIN 73-0375288

NORTHFORK ELECTRIC COOPERATIVE INC

Tax-exempt · SAYRE, OK 73662

Financials

$24M$24M2023$24.5M$24.5M2024
Revenue Expenses · by fiscal year end
Financials of NORTHFORK ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$24,452,890$24,457,006-$4,116$84,260,106$50,541,357$33,718,749
December 31, 2023990$23,968,531$23,972,340-$3,809$83,823,471$52,386,688$31,436,783
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$24,317,792
Investment income
$117,527
Royalties
$17
Net gain from sales of assets
$52,000
Net income from sales of inventory
$17,554
Other revenue
$17,571

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$2,495,812
Compensation of officers, directors and key employees
$510,674
Other salaries and wages
$805,334
Salaries, compensation and benefits (total)
$1,316,008
Professional fundraising fees
$0
Depreciation
$2,184,137

Balance sheet and other

Total assets, start of year
$83,823,471
Total assets, end of year
$84,260,106
Total liabilities, end of year
$50,541,357
Net assets, end of year
$33,718,749
Land, buildings and equipment
$64,791,985
Gross unrelated business income
$17,554
Gross receipts
$24,515,541
Employees
34
Year formed
1939
State of legal domicile
OK

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
BRENT MEADORGENERAL MANA
Officer
50$272,409$51,636
THOMAS SAWYERDIRECTOR OPE
Highest-paid employee
40$122,611$63,545
RICHARD MARTINSAFETY DIREC
Highest-paid employee
40$106,381$60,029
RONNIE WALDROPLINE SUPERIN
Highest-paid employee
40$107,691$58,250
DAVID TIGNORMAINTENANCE
Highest-paid employee
40$101,467$47,579
BEN FAIRLESSCONSTRUCTION
Highest-paid employee
40$100,110$37,670
CHAD SMITHSECRETARY
Trustee or director
6$33,184$0
BRAD HARRISONTRUSTEE
Trustee or director
6$29,884$0
BANDY SILKVICE PRESIDE
Trustee or director
5.5$29,134$0
BRANDON HICKEYTRUSTEE
Trustee or director
5$28,834$0
JAMES C TAYLORPRESIDENT
Trustee or director
6$23,664$0
CHRIS MACKEYTRUSTEE
Trustee or director
6$21,114$0
CHARLES L HICKEYTRUSTEE
Trustee or director
4.5$20,814$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
BRENT MEADORGENERAL MANA
Officer
50$251,308$49,639
THOMAS SAWYERDIRECTOR OPE
Highest-paid employee
40$113,446$58,918
RONNIE WALDROPLINE SUPERIN
Highest-paid employee
40$105,352$62,065
GLEN TIGNORMAINTENANCE
Highest-paid employee
40$109,790$55,524
CHAD SMITHSECRETARY
Trustee or director
6$32,448$0
BRAD HARRISONTRUSTEE
Trustee or director
6$29,898$0
BANDY SILKVICE PRESIDE
Trustee or director
5.5$29,598$0
BRANDON HICKEYTRUSTEE
Trustee or director
5$28,848$0
JAMES C TAYLORPRESIDENT
Trustee or director
6$23,281$0
CHRIS MACKEYTRUSTEE
Trustee or director
5.5$21,631$0
CHARLES L HICKEYTRUSTEE
Trustee or director
4.5$20,581$0

Address and contacts

Address (IRS master file)
PO BOX 400, SAYRE, OK 73662-0400
Principal officer (990 for 2024)
BRENT MEADOR
Signed the 990
BRENT MEADOR, GENERAL MANAGER/CFO
Phone
(580) 928-3366
Return prepared by
BRISCOE BURKE & GRIGSBY LLP

Mission

TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE ELECTRICITY TO OUR MEMBERS - 6,582 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.
    Expenses $24,457,006

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
73-0375288
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1964
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$84,260,106
Income (IRS master file)
$24,515,541

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$24,452,890$24,457,006$84,260,106IRS
990December 2023$23,968,531$23,972,340$83,823,471XML
990December 2022$25,525,722$25,529,294$80,830,448IRS
990December 2021–––IRS
990December 2020–––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 73-0375288).

Questions about NORTHFORK ELECTRIC COOPERATIVE INC

What is the EIN of NORTHFORK ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of NORTHFORK ELECTRIC COOPERATIVE INC is 73-0375288.
Is NORTHFORK ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1964.
Are donations to NORTHFORK ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NORTHFORK 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 NORTHFORK 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 NORTHFORK 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 NORTHFORK ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names BRENT MEADOR.
Who are the officers and directors of NORTHFORK ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 13 people; 13 received compensation from the organization, the highest $272,409 (BRENT MEADOR, GENERAL MANA).
How much revenue does NORTHFORK ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $24,452,890, expenses of $24,457,006 and total assets of $84,260,106 at year end.

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