2024-05-07T08:46:52-07:00 2023-12-31 990 2023-01-01 314197135 GUERNSEY-MUSKINGUM ELECTRIC COOP GUER 7408267661 17 S Liberty Street New Concord OH 43762 Brian Hill CEO 7408267661 2024-05-07 Brian Hill 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z Brian Hill CEO 17 S Liberty Street New Concord OH 43762 40992240 0 X www.gmenergy.com X 1938 OH The Cooperative operates on a non-profit basis and accounts on patronage basis to all its patrons for all amounts received and receivable from furnishing of electric and other services in excess of cost and expenses with understanding they are furnished by patrons as capital 7 7 42 0 0 0 0 0 38732411 39587843 52173 91727 1857859 1312670 40642443 40992240 6100 6100 0 0 3807048 3884203 0 0 0 34116852 33507236 37930000 37397539 2712443 3594701 96496641 99471162 45460881 46141491 51035760 53329671 To provide quality electric energy and other services at lowest cost, consistent with sound economy and good management 0 0 The Cooperative continues to provide quality electric energy and other services to our members and served a total of 17,095 accounts at the end of 2023. In 2023, 217 new services were installed throughout our service territory. Also, in 2023 the Cooperative returned over $1,300,000 to our members through the retirement of patronage capital. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 42 1 0 0 0 0 0 40422288 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Brian Hill General Manager CEO 7408267661 17 S Liberty Street New Concord OH 43762 Brian Hill General Manager/CEO 40 X 189364 0 62969 Kenneth Tolliver Operations Manager 40 X 183487 0 54752 Andy Bone Controller 40 X 143805 0 52993 Jay Gray Director 9.2 X 13800 0 0 Maureen Riley Secretary-Treasury 8 X 12640 0 0 Matt Carpenter Chairman 7.5 X 12205 0 0 Edward G Bay Vice Chair 6 X 10755 0 0 A Duane Parks Director 5.5 X 10320 0 0 John Enos Director 5.4 X 9465 0 0 Susan L Harper Director 7.8 X 8910 0 0 Shirley Stultz Director 9.2 X 3875 0 0 598626 0 170714 16 0 1 0 Asplundh Tree Expert Co 708 Blair Mill Road Willow Grove PA 19090 Right-of-way Tree Trimming 2191286 New River 15 Cloverdale Cloverdale VA 24077 Construction Electric Distribution 570226 Lost Time Control West Inc 1202 N Ingleside Farm Road Iron Station NC 28080 Pole Inspection & Treatment 174094 Tree Top Services 6800 Windy Ridge Road New Concord OH 43762 Right-of-way Tree Trimming 129341 4 0 Energy Sales to Members 221000 38804828 38804828 0 0 Pole Connects 221000 478394 478394 0 0 Other 221000 304621 304621 0 0 0 0 0 0 39587843 91558 0 0 91558 0 0 0 0 0 0 0 0 0 0 0 169 0 0 0 169 169 169 0 0 Patronage Captial From Assoc 900099 1335527 1335527 0 0 Misc Income/Loss 900099 -22857 -22857 0 0 0 0 0 0 1312670 40992240 40900682 0 91558 6100 769340 2032484 450470 439245 192664 80705 94260 33018 2873305 105978 341890 27701 27371 35777 1425699 2680655 Purchase Power 22223006 Real Estate Tax 1281717 KWH Tax 1070846 Transportation 589153 616155 37397539 0 0 0 666708 545123 4799330 4794851 970563 1004278 730083 667026 99453002 26269153 70623622 73183849 17151243 17615465 1555092 1660570 96496641 99471162 4873560 5309533 39532790 39413186 1054531 1418772 45460881 46141491 X 0 0 3872 3872 51031888 53325799 51035760 53329671 96496641 99471162 X 3594701 0 0 0 0 -1300790 X 0 1 1 0 0 556467 556467 0 2683086 1381374 1301712 0 0 0 0 0 96213449 24887779 71325670 0 0 0 0 73183849 Patronage Capital Buckeye Power 14494731 C Buckeye Power Equity 922383 C National Rural Utilitles CFC Capital 740384 C Patronage Capital Credits-UUS 460983 C Patronage Capital Credit-CFC 381693 C Federated Insurance 200108 C Interest in Heartland Emergency 174914 C Patronage Capital-NISC 100821 C Other Investments 139448 C 17615465 0 Consumer Deposits 662895 Consumer Advance for Construction 396271 Consumer Advance for Prepaid Construction 45563 Other Deferred Credits 314043 1418772 40992240 0 0 0 0 0 40992240 0 0 0 40992240 37397539 0 0 0 0 0 37397539 0 0 0 37397539 1 Scholarships for students 8 6100 0 Schedule I, Part I, Line 2 The Cooperative awards scholarships to 8 students. 0 0 0 Brian Hill General Manager/CEO 189364 0 0 0 0 0 0 0 62969 0 252333 0 Kenneth Tolliver Operations Manager 183487 0 0 0 0 0 0 0 54752 0 238239 0 Andy Bone Controller 143805 0 0 0 0 0 0 0 52993 0 196798 0 Form 990, Part VI, Section A, Line 6 The Organization is an electric distribution cooperative owned by its members. Form 990, Part VI, Section A, Line 7a The members of the board of directors are elected by vote of membership. Form 990, Part VI, Section A, Line 7b Changes to the cooperative Code of Regulations require approval of membership by vote. Form 990, Part VI, Section B, Line 11b A complete copy is provided to each board member and the 990 is reviewed at a regular board meeting. So that, board members have an opportunity to ask questions. Form 990, Part VI, Section B, Line 12c Directors, officers and staff must complete a questioner each year with details on any potential conflicts. These are reviewed by management and the board. Form 990, Part VI, Section B, Line 15 Compensation levels are determined by comparing compensation levels for similar positions through national and state compensation surveys. A wage and salary proposal is presented to the board annually and is subject to their request. Form 990, Part VI, Section C, Line 19 Copies of governing documents are available on the cooperative websites. Paper copies of the governing documents, polices, and financials statements are available at cooperative office upon request. Form 990, Part XI, Line 9 In 2023 the cooperative returned over 1,300,000 to our members through the retirement of patronage capital. Such payments are not expense on our audited financial statements, but instead represents a return of capital.