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Nonprofit · EIN 73-0495962

VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED

Tax-exempt · COLLINSVILLE, OK 74021

Financials

$86.2M$86.2M2023$93.6M$93.6M2024$97.4M$97.4M2025
Revenue Expenses · by fiscal year end
Financials of VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$97,372,153$97,372,153$0$251,745,780$139,876,108$111,869,672
December 31, 2024990$93,576,277$93,576,277$0$238,499,583$133,537,188$104,962,395
December 31, 2023990$86,227,186$86,227,186$0$225,034,975$128,348,194$96,686,781
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$96,288,351
Investment income
$435,926
Net rental income
$583,857
Net gain from sales of assets
$303,172
Other revenue
$647,876

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$7,268,565
Compensation of officers, directors and key employees
$2,435,130
Other salaries and wages
$1,631,899
Salaries, compensation and benefits (total)
$4,067,029
Professional fundraising fees
$0
Depreciation
$7,932,494

Balance sheet and other

Total assets, start of year
$238,499,583
Total assets, end of year
$251,745,780
Total liabilities, end of year
$139,876,108
Net assets, end of year
$111,869,672
Land, buildings and equipment
$177,382,291
Gross receipts
$97,372,153
Employees
101
Year formed
1938
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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ALICE HOUSTONGENERAL MANA
Officer
40$372,742$146,070
MICHAEL HALLCOO / CAO
Officer
40$338,782$141,563
DANNY BEMENTDIR OPERATIO
Key employee
40$217,388$185,738
MARLIN BARNHARTASSIST TO CO
Key employee
40$213,279$157,632
KEITH DELOZIERENGINEER
Highest-paid employee
40$210,778$135,899
FLORIENE PROCKCFO
Officer
40$187,016$158,749
DANIEL LEMKECONTRACTOR C
Highest-paid employee
40$196,417$133,248
ROGER SALISBURYLINEMAN
Highest-paid employee
40$222,863$100,598
SHANNON BREWERROW COORDINA
Highest-paid employee
40$199,330$123,791
MICHAEL MATTOXLINEMAN
Highest-paid employee
40$194,580$114,395
JACK BOGARTTRUSTEE
Trustee or director
18$50,187$0
JIMMY BRACKETTVICE PRESIDE
Trustee or director, Officer
12$45,387$0
DENNIS LENOXPRESIDENT
Trustee or director, Officer
6$43,569$0
JIMMY LAMBERTTRUSTEE
Trustee or director
11$42,987$0
JOHN HIBDONTRUSTEE
Trustee or director
8$37,587$0
4 more people on this return
NameTitleHours / weekCompensation
JOHN BROGANTRUSTEE
Trustee or director
3$30,747
CHARLES HUERTERTRUSTEE
Trustee or director
16$29,528
KEN HOWARDTRUSTEE
Trustee or director
14$28,346
BUDDY MCCARTYSECRETARY
Trustee or director, Officer
12$7,833
990 for the year ended December 31, 2024: 20 people
NameTitleHours / weekCompensationOther / benefits
ALICE HOUSTONGENERAL MANA
Officer
40$355,786$129,099
MICHAEL HALLCOO / CAO
Officer
40$321,629$124,273
KIMBERLY LOFFEREXC SECR./ME
Highest-paid employee
40$198,712$163,964
DANNY BEMENTDIR OPERATIO
Key employee
40$205,478$148,431
MARLIN BARNHARTASSIST TO CO
Key employee
40$197,241$126,323
FLORIENE PROCKCFO
Officer
40$171,000$140,791
KEITH DELOZIERENGINEER
Highest-paid employee
40$194,474$115,333
DONALD HUTCHINSONKEY ACCT/GOV
Highest-paid employee
40$261,492$45,821
ROGER SALISBURYLINEMAN
Highest-paid employee
40$217,307$85,489
SHANNON BREWERENERGY AUDIT
Highest-paid employee
40$199,462$101,463
JIMMY LAMBERTTRUSTEE
Trustee or director
14$52,748$0
JACK BOGARTTRUSTEE
Trustee or director
10$43,232$0
JIMMY BRACKETTTREASURER
Trustee or director, Officer
12$42,032$0
DENNIS LENOXVICE PRESIDE
Trustee or director, Officer
10$39,614$0
JOHN HIBDONTRUSTEE
Trustee or director
8$37,832$0
CHARLES HUERTERTRUSTEE
Trustee or director
15$29,116$0
KEN HOWARDPRESIDENT
Trustee or director, Officer
8$24,334$0
VERNON LEWISTRUSTEE
Trustee or director
16$22,193$0
BUDDY MCCARTYTRUSTEE
Trustee or director
12$7,233$0
JOHN BROGANTRUSTEE
Trustee or director
8$600$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
ALICE HOUSTONGENERAL MANA
Officer
40$345,378$121,949
MICHAEL HALLCOO / CAO
Officer
40$306,121$115,615
RANDY RIDDLEDIR OPERATIO
Key employee
45$201,160$118,436
KIMBERLY LOFFEREXC SECR./ME
Highest-paid employee
40$179,654$132,506
MARLIN BARNHARTPURCHASING A
Highest-paid employee
40$178,070$125,993
DANNY BEMENTDIR OPERATIO
Highest-paid employee
45$175,412$122,578
KEITH DELOZIERENGINEER
Highest-paid employee
40$183,906$105,818
BILL GILLESPIESAFETY COORD
Highest-paid employee
40$159,246$121,983
JIMMY LAMBERTTRUSTEE
Trustee or director
12$52,132$0
JACK BOGARTPRESIDENT
Trustee or director, Officer
8$44,294$0
JIMMY BRACKETTTRUSTEE
Trustee or director
10$42,494$0
KEN HOWARDVICE PRESIDE
Trustee or director, Officer
12$39,375$0
JOHN HIBDONTRUSTEE
Trustee or director
7$38,294$0
DENNIS LENOXTREASURER
Trustee or director, Officer
10$37,676$0
VERNON LEWISTRUSTEE
Trustee or director
16$35,251$0
CHARLES HUERTERTRUSTEE
Trustee or director
15$28,201$0
BUDDY MCCARTYTRUSTEE
Trustee or director
23$9,033$0

Address and contacts

Address (IRS master file)
PO BOX 219, COLLINSVILLE, OK 74021-0219
Principal officer (990 for 2025)
MICHAEL HALL, PO BOX 219, COLLINSVILLE, OK 74021
Signed the 990
ALICE HOUSTON, GENERAL MANAGER
Phone
(918) 371-2584
Return prepared by
BRISCOE BURKE & GRIGSBY LLP

Mission

TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBERS/OWNERS AT A REASONABLE COST

990 for the year ended December 31, 2025

Program accomplishments

  • TO PROVIDE ELECTRICITY TO OUR MEMBERS - 39,641 ACTIVE SERVICES (45,284 TOTAL SERVICES IN PLACE - 5,643 IDLE SERVICES) AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
73-0495962
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1940
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$251,745,780
Income (IRS master file)
$97,372,153

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$97,372,153$97,372,153$251,745,780XML
990December 2024$93,576,277$93,576,277$238,499,583XML
990December 2023$86,227,186$86,227,186$225,034,975XML
990December 2022$80,766,147$80,766,147$210,911,514IRS
990December 2021–––IRS
990December 2020–––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 73-0495962).

Questions about VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED

What is the EIN of VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED?
The employer identification number (EIN) of VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED is 73-0495962.
Is VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
Are donations to VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED 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 VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED 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 VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED 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 VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED?
The 990 for the year ended December 31, 2025 names MICHAEL HALL.
Who are the officers and directors of VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED?
The 990 for the year ended December 31, 2025 lists 19 people; 19 received compensation from the organization, the highest $372,742 (ALICE HOUSTON, GENERAL MANA).
How much revenue does VERDIGRIS VALLEY ELECTRIC COOPERATIVE INCORPORATED have?
On its 990 for the year ended December 31, 2025 it reported revenue of $97,372,153, expenses of $97,372,153 and total assets of $251,745,780 at year end.

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