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TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 129,672 CUSTOMERS.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$314.8M
Program Spending
0%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$305M
Total Assets
$394.5M
Total Liabilities
▼$79.1M
Net Assets
$315.4M
Officer Compensation
→$1.3M
Other Salaries
$10.6M
Investment Income
$1.4M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$4.3M
Awards Found
5
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Agriculture | PILOT BROADBAND 100% GRANT- RBS REDG SUB ACCOUNT SEC. 762- GRANT | $3.7M | FY2020 | Sep 2020 – Sep 2022 | Open → |
| Department of Agriculture | PILOT BROADBAND COST OVERRUN GRANT | $566.4K | FY2023 | Mar 2023 – Mar 2025 | Open → |
| Department of Agriculture | SEC. 9007 REAP-ENERGY EFFICIENCY IMPROVEMENTS GRANTS (MAN) | $17.3K | FY2011 | Aug 2011 – Aug 2013 | Open → |
| Department of Agriculture | REAP ENERGY EFFICIENCY IMPROVEMENT (EEI) GRANT UNRESTRICTED AMOUNT | $0 | FY2024 | Sep 2024 – Sep 2026 | Open → |
| Department of Agriculture | RURAL ECONOMIC DEVELOPMENT GRANTS - ELECTRIC | $0 | FY2011 | Feb 2011 – Feb 2012 | Open → |
Department of Agriculture
$3.7M
PILOT BROADBAND 100% GRANT- RBS REDG SUB ACCOUNT SEC. 762- GRANT
Department of Agriculture
$17.3K
SEC. 9007 REAP-ENERGY EFFICIENCY IMPROVEMENTS GRANTS (MAN)
Department of Agriculture
$0
REAP ENERGY EFFICIENCY IMPROVEMENT (EEI) GRANT UNRESTRICTED AMOUNT
Department of Agriculture
$0
RURAL ECONOMIC DEVELOPMENT GRANTS - ELECTRIC
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
1
Material Weakness
No
Noncompliance Issues
Yes
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Minor Findings | Unmodified (Clean) | $2.3M | No | 2024-11-20 |
| 2021 | Clean | Unmodified (Clean) | $4.8M | No | 2021-10-27 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.8M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $314.8M | $0 | $305M | $394.5M | $315.4M |
| 2023IRS e-File | $282.1M | $0 | $278.9M | $386.5M | $304.7M |
| 2022 | $270M | $0 | $259.1M | $369.5M | $301M |
| 2021 | $247.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
| Total |
|---|
| Dion Cooper | President/ce | 60 | $378.6K | $0 | $50.5K | $429.1K |
| Mark Verstynen | VP Accountin | 55 | $191K | $0 | $87.1K | $278.1K |
| Sammy Norton | Secretary/tr | 4 | $15.4K | $0 | $0 | $15.4K |
| William J Campbell | Vice-chairma | 5 | $15.1K | $0 | $0 | $15.1K |
| Tim Handler | Asst Sec/tre | 10 | $14.8K | $0 | $0 | $14.8K |
| Aubie Smith | Chairman | 3 | $13.5K | $0 | $0 | $13.5K |
Dion Cooper
President/ce
$429.1K
Hrs/Wk
60
Compensation
$378.6K
Related Orgs
$0
Other
$50.5K
Mark Verstynen
VP Accountin
$278.1K
Hrs/Wk
55
Compensation
$191K
Related Orgs
$0
Other
$87.1K
Sammy Norton
Secretary/tr
$15.4K
Hrs/Wk
4
Compensation
$15.4K
Related Orgs
$0
Other
$0
William J Campbell
Vice-chairma
$15.1K
Hrs/Wk
5
Compensation
$15.1K
Related Orgs
$0
Other
$0
Tim Handler
Asst Sec/tre
$14.8K
Hrs/Wk
10
Compensation
$14.8K
Related Orgs
$0
Other
$0
Aubie Smith
Chairman
$13.5K
Hrs/Wk
3
Compensation
$13.5K
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Karen Davis | VP Of Info. | 50 | $177.6K | $0 | $81.7K | $259.3K |
| Matthew Teague | VP Of Engine | 55 | $195.4K | $0 | $52.4K | $247.8K |
| Jason Dye | VP Of System | 55 | $152.8K | $0 | $73K |
Karen Davis
VP Of Info.
$259.3K
Hrs/Wk
50
Compensation
$177.6K
Related Orgs
$0
Other
$81.7K
Matthew Teague
VP Of Engine
$247.8K
Hrs/Wk
55
Compensation
$195.4K
Related Orgs
$0
Other
$52.4K
Jason Dye
VP Of System
$225.7K
Hrs/Wk
55
Compensation
$152.8K
Related Orgs
$0
Other
$73K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| David J Milen | Director | 5 | $11.2K | $0 | $0 | $11.2K |
| Jerry Henley | Director | 1 | $16.3K | $0 | $0 | $16.3K |
| John Buchanan | Director | 2 | $17.2K | $0 | $0 | $17.2K |
| Keith Phillips | Director | 10 | $15.1K | $0 | $0 | $15.1K |
| Kenneth Carey Jr | Director | 19 | $22K | $0 | $0 | $22K |
| Larry Storie | Director |
David J Milen
Director
$11.2K
Hrs/Wk
5
Compensation
$11.2K
Related Orgs
$0
Other
$0
Jerry Henley
Director
$16.3K
Hrs/Wk
1
Compensation
$16.3K
Related Orgs
$0
Other
$0
John Buchanan
Director
$17.2K
Hrs/Wk
2
Compensation
$17.2K
Related Orgs
$0
Other
$0
| $0 |
| $234.2M |
| $355.7M |
| $287.5M |
| 2020 | $244.7M | $0 | $236M | $341.1M | $267.7M |
| 2019 | $252.5M | $0 | $240.9M | $347.8M | $274.4M |
| 2018 | $247.6M | $0 | $236.6M | $341.2M | $265M |
| 2017 | $240.6M | $0 | $228.8M | $319.4M | $250.7M |
| 2016 | $232.7M | $0 | $221.6M | $311.6M | $236M |
| 2015 | $243.7M | $0 | $236.3M | $302.5M | $227.7M |
| 2014 | $244.3M | $0 | $232M | $296.7M | $220.2M |
| 2013 | $236.1M | $0 | $219.8M | $290.1M | $207.3M |
| 2012 | $228.5M | $0 | $212.8M | $278.9M | $188.8M |
| 2022 | 990 | Data |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| $225.7K |
| Dustin Bates | Lineman | 66 | $200.7K | $0 | $24.8K | $225.5K |
| Michael Bice | Lineman | 66 | $191.1K | $0 | $25.2K | $216.3K |
| Byron Zeigler | Substation F | 60 | $175.4K | $0 | $27K | $202.4K |
| Wendell Terrell | Lineman | 63 | $171.6K | $0 | $24.6K | $196.3K |
| Daniel Tuttle | Lineman | 59 | $161.8K | $0 | $24.6K | $186.5K |
Dustin Bates
Lineman
$225.5K
Hrs/Wk
66
Compensation
$200.7K
Related Orgs
$0
Other
$24.8K
Michael Bice
Lineman
$216.3K
Hrs/Wk
66
Compensation
$191.1K
Related Orgs
$0
Other
$25.2K
Byron Zeigler
Substation F
$202.4K
Hrs/Wk
60
Compensation
$175.4K
Related Orgs
$0
Other
$27K
Wendell Terrell
Lineman
$196.3K
Hrs/Wk
63
Compensation
$171.6K
Related Orgs
$0
Other
$24.6K
Daniel Tuttle
Lineman
$186.5K
Hrs/Wk
59
Compensation
$161.8K
Related Orgs
$0
Other
$24.6K
| 10 |
| $17.5K |
| $0 |
| $0 |
| $17.5K |
| Mike Frazier | Director | 3 | $15.4K | $0 | $0 | $15.4K |
| Philip Smith | Director | 4.5 | $17.5K | $0 | $0 | $17.5K |
Keith Phillips
Director
$15.1K
Hrs/Wk
10
Compensation
$15.1K
Related Orgs
$0
Other
$0
Kenneth Carey Jr
Director
$22K
Hrs/Wk
19
Compensation
$22K
Related Orgs
$0
Other
$0
Larry Storie
Director
$17.5K
Hrs/Wk
10
Compensation
$17.5K
Related Orgs
$0
Other
$0
Mike Frazier
Director
$15.4K
Hrs/Wk
3
Compensation
$15.4K
Related Orgs
$0
Other
$0
Philip Smith
Director
$17.5K
Hrs/Wk
4.5
Compensation
$17.5K
Related Orgs
$0
Other
$0