2026-06-01T11:46:01-05:00 2025-12-31 590548468 PURVIS GRAY & COMPANY LLP 222 NE 1ST ST GAINESVILLE FL 32601 990 2025-01-01 590545223 WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC WITH 3525675133 PO BOX 278 DADE CITY FL 33526 DAVID B LAMBERT II GENERAL MANAGER 3525675133 2026-05-28 1 LISA M MAROUSKY CPA P01965450 3523782461 2026-05-28 2025 2025-03-06 01:10:19Z DAVID B LAMBERT II PO BOX 278 DADE CITY FL 33526 675504832 0 X WWW.WREC.NET X 1941 FL THE GOAL OF THE COOPERATIVE IS TO PROVIDE EACH OF ITS MEMBERS THE BEST POSSIBLE SERVICE AT THE LOWEST COST. 9 8 630 0 859652 772787 0 0 586943577 666697306 13400028 6953395 900954 990845 601244559 674641546 181469 250457 23202460 24191789 3700108 3980856 0 0 0 548901988 598093826 575986025 626516928 25258534 48124618 1501239477 1502854443 793975749 746968284 707263728 755886159 THE GOAL OF THE COOPERATIVE IS TO PROVIDE EACH OF ITS MEMBERS THE BEST POSSIBLE SERVICE AT THE LOWEST COST. 0 0 626516928 250457 666697306 SALE OF ELECTRICITY TO MEMBERS-RURAL ELECTRIC COOPERATIVE 626516928 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 1 1 0 0 1 103 0 630 1 1 1 0 0 0 0 0 0 643578196 11231483 0 0 0 X 9 8 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 FL X HERIBERTO HERNANDEZ 3525675133 14651 21ST STREET DADE CITY FL 33523 PATRICIA P BECHTELHEIMER TRUSTEE 10.00 1.00 X 33931 0 0 ALAN HENGESBACH SEC'Y/TREASURER 15.00 1.00 X X 54004 0 0 DAVID HUNNICUTT TRUSTEE 15.00 1.00 X 21650 0 0 KIMBERLY KINNEY TRUSTEE 10.00 1.00 X 33605 0 0 DESMOND G LITTLE TRUSTEE THRU 9/2025 10.00 1.00 X 29888 0 0 PAUL LITTLE TRUSTEE 10.00 1.00 X 44478 0 0 TERRENCE SCHRADER PRESIDENT 15.00 1.00 X X 48604 0 0 ROBERT BARTHLE TRUSTEE 10.00 1.00 X 39604 0 0 ROBERT W STRICKLAND VICE PRESIDENT 15.00 1.00 X X 25066 0 0 JOSEPH MARINA TRUSTEE 10.00 1.00 X 4196 0 0 DAVID B LAMBERT II GENERAL MANAGER 70.00 1.00 X 766189 0 254115 RONNIE DEESE MANAGER THRU 1/2025 50.00 X 285260 0 2327 MARLIN SEXTON JR MANAGER TRANSMISSION PLANNER 55.00 X 271010 0 124823 KRISTINA S WALZAK MGR HR & JOB TRAINING & SA 55.00 X 294446 0 221574 GARY F STEELE JR MANAGER-MEMBER RELAT 60.00 1.00 X 329308 0 165969 RICKY E GUDE DISTRICT MANAGER 55.00 X 277536 0 147158 RALPH J BURDIN JR MANAGER ENERGY & SYSTEM RELIABILITY 55.00 X 262426 0 243688 2821201 0 1159654 227 0 1 0 THE DAVEY TREE EXPERT PO BOX 773222 DETROIT MI 482773222 VEGETATION MANAGEMENT 22261709 PIKE ELECTRIC LLC PO BOX 746308 ATLANTA GA 30374 CONSTRUCTION 15093830 ONESOURCE RESTORATION LLC PO BOX 536 FRUITLAND PARK FL 34731 CONSTRUCTION - STORM 10244797 KELLEY AND COMPANY 1059 N 190TH ST ARCADIA KS 66711 STORM SERVICES 5765876 STORM SERVICES LLC 3949 US HWY 93 SOUTH THOMASVILLE GA 31792 STORM SERVICES 4339646 36 ELECTRICITY SALES 221000 645606869 645606869 G&T CAPITAL CREDITS 221000 7254384 7254384 QUALIFIED POLE RENTAL 221000 5734245 5734245 OTHER CAPITAL CREDITS 221000 5602557 5602557 HOME GENERATOR 221000 2499251 2499251 666697306 7061826 7061826 135027 1059761 6143 200109 128884 859652 988536 859652 128884 548603 657034 -108431 -108431 -108431 REVENUE FROM MERCHANDISING 453000 2309 2309 2309 674641546 660963061 859652 12818833 X 250457 24191789 1642917 2337939 20235183 39357720 COST OF POWER 405549947 FEDERAL TAXES 137092 DISTRIBUTION EXPENSE 76885771 GENERAL & ADMINISTRATIV 27473345 28454768 626516928 135023 180474 209186578 147705924 90554108 78074681 2124016 2812774 141378452 104278046 4994434 5591327 1394021043 423564007 861763571 970457036 11500 27222538 25610102 154271584 165205375 9597673 2938704 1501239477 1502854443 90379339 56715985 638697936 625485884 64898474 64766415 793975749 746968284 X 1129580 1169615 0 0 706134148 754716544 707263728 755886159 1501239477 1502854443 X 48124618 497813 X X 0 1 X 1 0 503369 503369 57637 57637 0 555860 555860 0 1392904177 422950510 969953667 970457036 SEMINOLE ELECTRIC COOP INVESTMENT 144453094 C COBANK INVESTMENT 4423313 C CTC - CFC INVESTMENT 3149417 C GRESCO INVESTMENT 9167274 C FEDERATED INSURANCE INVESTMENT 2309038 C NRU CFC INVESTMENT 1382327 C NISC INVESTMENT 290063 C NATIONAL RURAL TELECOM COOPERATIVE 18032 C OTHER ASSOCIATED ORGANZIATIONS 12817 C 165205375 CUSTOMER DEPOSITS 40063303 DEFERRED CREDITS 24691612 PENSION & BENEFITS PROVISION 11500 64766415 X 672745263 -2096395 -2096395 674841658 -200112 -200112 674641546 599971078 -2554170 -2554170 602525248 23991680 23991680 626516928 PART X, LINE 2: THE COOPERATIVE IS INCLUDED IN CONSOLIDATED AUDITED FINANCIAL STATEMENTS. THE FOLLOWING IS A SUMMARY OF THE FOOTNOTE RELATED TO REQUIRED DISCLOSURES UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, INCOME TAX UNCERTAINTIES (FORMERLY FIN 48): UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, INCOME TAXES, IT IS THE POLICY OF MANAGEMENT TO EVALUATE ITS TAX POSITIONS ON AN ONGOING BASIS AND TO DISCLOSE ANY SUCH POSITIONS IT BELIEVES WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS AND RELATED NOTES. MANAGEMENT ALSO BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. THE COMPANIES ARE GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2022. INTEREST OR PENALTIES ON UNRECOGNIZED TAX BENEFITS, IF ANY, ARE INCLUDED IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: EARNINGS OF SUBSIDIARY 457,775. RESALE MERCHANDISE 21,670. NONUTILITY REG PAY EXPENSE -2,530. TOWER EXPENSES -54,634. HOME GENERATOR PROGRAM -2,502,855. EXPENSES - OPC BUILDING -15,821. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED ON STATEMENT OF REVENUES -200,109. ROUNDING -3. PART XII, LINE 2D - OTHER ADJUSTMENTS: RESALE MERCHANDISE 21,670. NONUTILITY REG PAY EXPENSE -2,530. TOWER EXPENSES -54,634. HOME GENERATOR PROGRAM -2,502,855. EXPENSES - OPC BUILDING -15,821. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED ON STATEMENT OF REVENUES -200,109. RETIREMENT OF CAPITAL CREDITS 24,191,789. 0 FEEDING PASCO'S ELDERLY INC 30435 COMMERCE DRIVE APT 103 SAN ANTONIO FL 33576 464262655 501C3 10000 0 CASH GENERAL SUPPORT VAN GOGH'S PALETTE INC 11145 DENTON AVE HUDSON FL 34667 593720139 501C3 15000 0 CASH GENERAL SUPPORT PASCO COUNTY ECONOMIC DEVELOPMENT COUNCIL 16506 POINTE VILLAGE DRIVE 101 LUTZ FL 33548 592031062 501C3 25000 0 CASH GENERAL SUPPORT WOODY WILLIAMS FOUNDATION INC 12123 SHELBYVILLE RD STE 100 LOUISVILLE KY 40243 061840409 501C3 12500 0 CASH GENERAL SUPPORT ERNIE WEVER YOUTH PARK 19473 YOUTH DRIVE BROOKSVILLE FL 34601 591155275 GOVT 0 44539 COST MATERIALS GENERAL SUPPORT NAVAJO NATION PO BOX 170 FORT DEFIANCE AZ 86504 860204662 GOVT 0 47369 COST MATERIALS GENERAL SUPPORT H LEE MOFFITT CANCER CENTER AND RESEARCH INSTITUTE HOSPITAL INC 12902 MAGNOLIA DRIVE TAMPA FL 33612 593238634 501C3 10000 0 CASH GENERAL SUPPORT 7 0 PART I, LINE 2: THE GRANTS ARE USED FOR THE GENERAL MISSION OF THE ORGANZIATIONS. X X 0 1 0 DAVID B LAMBERT II GENERAL MANAGER 708178 0 50000 0 8011 0 217011 0 37104 0 1020304 0 0 0 KRISTINA S WALZAK MGR HR & JOB TRAINING & SA 259763 0 25000 0 9683 0 206509 0 15065 0 516020 0 0 0 RALPH J BURDIN JR MANAGER ENERGY & SYSTEM RELIABILITY 233287 0 20000 0 9139 0 212851 0 30837 0 506114 0 0 0 GARY F STEELE JR MANAGER-MEMBER RELAT 302658 0 25000 0 1650 0 128865 0 37104 0 495277 0 0 0 RICKY E GUDE DISTRICT MANAGER 241206 0 25000 0 11330 0 122513 0 24645 0 424694 0 0 0 MARLIN SEXTON JR MANAGER TRANSMISSION PLANNER 239704 0 20000 0 11306 0 98653 0 26170 0 395833 0 0 0 RONNIE DEESE MANAGER THRU 1/2025 285260 0 0 0 0 0 0 0 2327 0 287587 0 0 0 SCHEDULE J, PART I, LINE 4B RONNIE DEESE IS A PARTICIPANT IN A NONQUALIFIED SUPPLEMENTAL DEFERRED COMPENSATION PLAN. THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING 2025. SEMINOLE ELECTRIC COOPERATIVE INC SEE SCH L, PART V 405549947 PURCHASED POWER 0 TERRANCE SCHRADER SEE SCH L, PART V 158844 REAL ESTATE BROKER COMMISSION 0 SCH L, PART IV, LINE 1, COLUMNS B AND C COLUMN (B) - RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION:DAVID B LAMBERT, II AND DIRECTORS ROBERT STRICKLAND AND TERRANCESCHRADER SERVE ON THE BOARD OF TRUSTEES OF SEMINOLE ELECTRIC COOPERATIVE, INC.COLUMN (C) - AMOUNT OF TRANSACTIONTHE AMOUNT LISTED IN COLUMN (C) AS THE 'AMOUNT OF TRANSACTION'REPRESENTS THE AGGREGATE AMOUNT OF ALL TRANSACTIONS DURING THE YEAR FOR THE SERVICES PROVIDED AND IS NOT INTENDED TO REPRESENT A SINGLE TRANSACTION BETWEEN THE PARTIES.COLUMN (B) - RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION:TERRANCE SCHRADER IS THE OWNER OF SCHRADER REALTY AND SERVES ON THE BOARD OF TRUSTEES OF WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC.COLUMN (C) - AMOUNT OF TRANSACTIONTHE AMOUNT LISTED IN COLUMN (C) AS THE 'AMOUNT OF TRANSACTION'REPRESENTS THE AGGREGATE AMOUNT OF ALL TRANSACTIONS DURING THE YEAR FOR THE SERVICES PROVIDED AND IS NOT INTENDED TO REPRESENT A SINGLE TRANSACTION BETWEEN THE PARTIES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA AND OPERATES AS AN ELECTRIC DISTRIBUTION COOPERATIVE. IT IS THEREFORE A MEMBERSHIP ORGANIZATION AND ALL MEMBERS HAVE IDENTICAL RIGHTS UNDER THE COOPERATIVE'S ORGANIZATIONAL DOCUMENTS AND THE STATUTES OF THE STATE OF FLORIDA. FORM 990, PART VI, SECTION A, LINE 7A UNDER THE COOPERATIVE'S ORGANIZING DOCUMENTS AND THE LAWS OF THE STATE OF FLORIDA, THERE IS ONLY ONE CLASS OF MEMBERSHIP. ANY PERSON OR BUSINESS WITHIN THE GEOGRAPHIC SERVICE AREA OF THE COOPERATIVE IS ELIGIBLE TO BECOME A MEMBER UPON APPLICATION AND PAYMENT OF THE MEMBERSHIP FEE. THE MEMBERS VOTE IN ELECTIONS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER, ACCOUNTING AND FINANCE MANAGER, CONTROLLER AND ACCOUNTING ALL REVIEW THE 990. ADDITIONALLY, FORM 990 WILL BE EMAILED TO EACH BOARD MEMBER PRIOR TO SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION OBTAINS A CONFLICT OF INTEREST STATEMENT FROM EACH EMPLOYEE AND MEMBER OF THE BOARD OF TRUSTEES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15A - COMPENSATION FOR TOP OFFICIALS A COMPENSATION STUDY WAS CONDUCTED BY AN OUTSIDE CONSULTANT FOR THE YEAR ENDED DECEMBER 31, 2008. THE ORGANIZATION USED THE RESULTS OF THAT STUDY AS WELL AS OTHER FACTORS TO DETERMINE COMPENSATION FOR 2025. MINUTES OF MEETINGS OF THE BOARD OF TRUSTEES WILL SHOW APPROVAL OF THE SALARY FOR THE EXECUTIVE VICE PRESIDENT. FORM 990, PART VI, LINE 15B - COMPENSATION FOR OFFICERS A COMPENSATION STUDY WAS CONDUCTED BY AN OUTSIDE CONSULTANT FOR THE YEAR ENDED DECEMBER 31, 2008. THE ORGANIZATION USED THE RESULTS OF THAT STUDY AS WELL AS OTHER FACTORS TO DETERMINE COMPENSATION FOR 2025. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE INCLUDED IN THE ORGANIZATION'S ANNUAL REPORT WHICH IS SENT OUT TO THE MEMBERSHIP OF THE ORGANIZATION. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT CURRENTLY MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 4 THE IRS' INSTRUCTIONS FOR THE 2025 VERSION OF THE FORM 990, PART IX, LINE 4 STATE: "ENTER THE PAYMENTS MADE BY THE ORGANIZATION TO PROVIDE BENEFITS TO MEMBERS (...PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS). STATEMENT OF FUNCTIONAL EXPENSES, LINE 4 IS ENTITLED "BENEFITS PAID TO OR FOR MEMBERS." SIGNIFICANT INDUSTRY-WIDE DISCUSSIONS BEGAN REGARDING THE NEED FOR THE IRS' CLARIFICATION AND WHETHER "PATRONAGE DIVIDENDS PAID" MEANS CAPITAL CREDITS ALLOCATED, CAPITAL CREDITS RETIRED OR SOME OTHER AMOUNT. WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. [WREC] PRIDES ITSELF WITH A PROMPT FILING OF ITS ANNUAL FORM 990. IT INTENDS TO CONTINUE THAT TRADITION AND NOT WAIT UPON ADDITIONAL GUIDANCE THAT MAY COME FROM THE INTERNAL REVENUE SERVICE OR OTHER SOURCES. FOR PURPOSES OF THIS FORM 990, THE AMOUNT REPORTED ON LINE 4 REPRESENTS THE AMOUNT REPORTED IN THE AUDITED STATEMENT OF REVENUE, EXPENSES AND CHANGES IN PATRONAGE CAPITAL FOR THE YEAR ENDED DECEMBER 31, 2025. FORM 990, PART IX, LINE 24 FORM 990, PART IX, LINE 24 UNRELATED BUSINESS TAXES PAID IN 2025 FEDERAL TAXES (990T) PAID IN 2025 - $137,092. STATE TAXES (F-1120) PAID IN 2025 - $ 36,458. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIPS 40,035. EARNINGS OF SUBSIDIARY 457,775. ROUNDING 3. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE AUDITED FINANCIAL STATEMENTS. WREC EDUCATIONAL FOUNDATION INC PO BOX 278 DADE CITY FL 33526 593407203 SCH R, VII FL 501(C)(3) LINE 7 N/A 1 WITHLACOOCHEE RIVER ELECTRIC CARES PO BOX 278 DADE CITY FL 32526 593141822 SCH R, VII FL 501(C)(3) LINE 7 N/A 1 LAKE JOVITA ASSOCIATES INC PO BOX 278 DADE CITY FL 33526 593514097 SCH R, VII FL SCH R VII C 91650 420514 1.00000 0 URADCO INC PO BOX 278 DADE CITY FL 33526 592594767 SCH R, VII FL SCH R VII C 944050 25603245 1.00000 0 ONE LACOOCHEE CENTER 14651 21ST STREET DADE CITY FL 33523 843761078 SCH R VII FL SCH R VII C 5 1.00000 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 URADCO INC O 6888 COST URADCO INC E 31932 COST WREC EDUCATIONAL FOUNDATION INC B 2115137 COST WREC EDUCATIONAL FOUNDATION INC O 9815 COST WREC EDUCATIONAL FOUNDATION INC N 8589 COST WITHLACOOCHEE RIVER ELECTRIC CARES N 3063 COST WITHLACOOCHEE RIVER ELECTRIC CARES O 4098 COST WITHLACOOCHEE RIVER ELECTRIC CARES R 301562 COST URADCO INC Q 5049 COST SCH R, PART II WREC EDUCATIONAL FOUNDATION, INC. (59-3407203) PRIMARY ACTIVITY - COLLEGE SCHOLARSHIPS WITHLACOOCHEE RIVER ELECTRIC CARES, INC. (59-3141822) PRIMARY ACTIVITY - FOOD, CLOTHING AND SHELTER TO DISTRESSED SCH R, PART IV URADCO, INC. (59-2594767) PRIMARY ACTIVITY - REAL ESTATE/CITRUS DIRECT CONTROLLING ENTITY - WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. LAKE JOVITA ASSOCIATES, INC. (59-3514097) PRIMARY ACTIVITY - REAL ESTATE DEVELOPMENT DIRECT CONTROLLING ENTITY - URADCO, INC. ONE LACOOCHEE CENTER (84-3761078) PRIMARY ACTIVITY - REAL ESTATE DEVELOPMENT DIRECT CONTROLLING ENTITY - URADCO, INC.