2024-10-14T12:48:08-05:00 2023-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2023-01-01 610235235 INTER-COUNTY ENERGY COOPERATIVE INTE 8592364561 PO BOX 87 DANVILLE KY 40422 JERRY W CARTER PRESIDENT & CEO 8592364561 2024-09-27 1 1 TRAVIS C FRICK P00641130 5025830248 2023 2024-10-15 13:58:12Z JERRY W CARTER PO BOX 87 DANVILLE KY 40422 70820953 0 X WWW.INTERCOUNTYENERGY.NET X 1937 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 27,747 CUSTOMERS PER MONTH. 6 6 65 0 0 0 57661 0 72360888 69053265 141199 216602 2263543 1551086 74823291 70820953 6000 6000 4782590 3200470 7733035 8195001 0 0 0 62301666 59419482 74823291 70820953 0 0 149903408 155321919 92837069 94703653 57066339 60618266 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 27,747 CUSTOMERS PER MONTH. 0 0 70820953 70068796 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE APPROXIMATELY 27,747 CONSUMERS PER MONTH. 70820953 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 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 31 0 1 65 1 0 0 0 0 0 0 0 70068796 752157 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ALYSSA KURTZ VP FINANCE 8592364561 1009 HUSTONVILLE ROAD DANVILLE KY 40422 JOE SPALDING CHAIRMAN 7.00 X X 20289 0 0 JASON TODD VICE CHAIRMAN 7.00 X X 25644 0 0 JAMES KEVIN PRESTON SEC/TREAS 6.00 X X 23201 0 0 WILLIAM GOGGIN DIRECTOR 4.00 X 18834 0 0 WILLIAM PEYTON DIRECTOR 3.00 X 15614 0 0 LOUIS KERRICK DIRECTOR 4.00 X 18837 0 0 JERRY CARTER PRESIDENT/CEO 50.00 X 229388 0 39742 DAVID PHELPS VP OPERATIONS 48.00 X 162344 0 29311 LORI STOCKER VP, OFFICE SERVICES 45.00 X 123304 0 36248 DAN HITCHCOCK VP, MEMBER SERVICES 45.00 X 137564 0 25577 KASEY WALLS CREW LEADER 61.00 X 123360 0 18349 ALYSSA KURTZ VP OF FINANCE & ADMIN 45.00 X 134069 0 17205 1032448 0 166432 27 0 1 0 WA KENDALL AND CO INC PO BOX 831 LAWRENCEVILLE GA 30046 CLEAR RIGHT OF WAY 1661397 5-STAR ELECTRIC LLC 14201 CALIBER DR OKLAHOMA CITY OK 73134 CONSTRUCTION 1359782 ASPLUNDH 708 BLAIR BILL RD WILLOW GROVE PA 19090 CLEAR RIGHT OF WAY 984558 DAVIS H ELLIOTTS PO BOX 37251 BALTIMORE MD 21297 CONSTRUCTION 840361 PHASE III CONSTRUCTION PO BOX 613 LANCASTER KY 40444 CONSTRUCTION 222373 5 PROVIDE ELECTRIC SERVICE 221000 69052965 69052965 ELECTRIC MERCHANDISE 221000 300 300 69053265 216602 216602 G&T CAPITAL CREDITS 221000 757826 757826 JOINT USE ATTACHMENTS 221000 647067 647067 CAPITAL CREDITS ALLOCATED 221000 257705 257705 -111512 -111512 1551086 70820953 70068796 0 752157 6000 6000 3200470 3200470 351808 351808 5356701 5356701 1100833 1100833 949054 949054 436605 436605 44621 44621 26975 26975 794 794 306740 306740 1990313 1990313 4987428 4987428 319641 319641 COST OF POWER 48049410 48049410 DISTRIBUTION - MAINTENA 4086636 4086636 DISTRIBUTION - OPERATIO 3539625 3539625 ADMINISTRATIVE AND GENE 2437439 2437439 -6370140 -6370140 70820953 70820953 0 0 3108631 3699405 7207046 7409491 991971 2104154 334525 263697 156018886 52554663 98907784 103464223 5011364 3000000 33839487 34778563 502600 602386 149903408 155321919 6926163 7043167 78910407 80976746 7000499 6683740 92837069 94703653 X 1121735 1126755 -916138 -408595 56860742 59900106 57066339 60618266 149903408 155321919 X 0 3551927 X X 0 1 X 1 0 62451 62451 8095860 2411572 5684288 145762705 50143091 95619614 2097870 2097870 103464223 PROGRAM RELATED INVESTMENTS 34778563 F 34778563 ACCUMULATED POSTRETIREMENT BENEFITS 4645964 CUSTOMER DEPOSITS 848250 OTHER CURRENT AND ACCRUED LIABILITIES 1189526 6683740 X 70820953 0 70820953 0 70820953 70820953 0 70820953 0 70820953 PART X, LINE 2: INTER-COUNTY'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. MANAGEMENT BELIEVES INTER-COUNTY HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 0 SCHOLARSHIPS TO KENTUCKY COLLEGES 6 6000 CASH X X 0 0 0 JERRY CARTER PRESIDENT/CEO 229388 0 0 0 0 0 0 0 39742 0 269130 0 0 0 DAVID PHELPS VP OPERATIONS 162344 0 0 0 0 0 0 0 29311 0 191655 0 0 0 DAN HITCHCOCK VP, MEMBER SERVICES 137564 0 0 0 0 0 0 0 25577 0 163141 0 0 0 LORI STOCKER VP, OFFICE SERVICES 123304 0 0 0 0 0 0 0 36248 0 159552 0 0 0 ALYSSA KURTZ VP OF FINANCE & ADMIN 134069 0 0 0 0 0 0 0 17205 0 151274 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - THE "CREDENTIALS AND ELECTIONS COMMITTEE" MEETS EVERY YEAR THERE IS AN ELECTION TO VERIFY QUALIFICATIONS AND CERTIFY CANDIDATES FOR ELECTION TO THE BOARD OF DIRECTORS. ALL BOARD CANDIDATES, INCLUDING INCUMBENTS, MUST OBTAIN A PETITION SIGNED BY 25 OR MORE ELIGIBLE MEMBERS AND PRESENT THOSE TO THE "CREDENTIALS AND ELECTIONS COMMITTEE". DIRECTORS ARE ELECTED AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY VOTE AT A MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED AT ANY REGULAR OR SPECIAL MEETING OF THE BOARD OF DIRECTORS WITH A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY THE FORM 990 PRIOR TO FILING FOR REVIEW AND CHANGES AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A. BOARD ANNUALLY EVALUATES THE PERFORMANCE OF THE PRES/CEO AND SETS COMPENSATION USING DATA SUPPLIED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. 15B. OUTSIDE CONSULTANT PROVIDES MARKET RESEARCH DATA ON EACH POSITION BASED UPON JOB DESCRIPTIONS. USUALLY, AN AVERAGE IS TAKEN FOR AT LEAST 2-3 RESULTS. THE MARKET VALUE BECOMES THE "TARGET" FOR EACH POSITION. WHETHER AN EMPLOYEE RECEIVES A MARKET ADJUSTMENT DEPENDS UPON THEIR PERFORMANCE APPRAISAL RESULTS. THE BOARD REVIEWS AND APPROVES THE STUDY. FORM 990, PART VI, SECTION C, LINE 19 THE MOST CURRENT VERSION OF THE ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE TO THE PUBLIC ON THE COOPERATIVE'S WEBSITE AND ARE ALSO AVAILABLE IN PRINTED FORM UPON REQUEST. THE ARTICLES OF INCORPORATION AND BYLAWS ARE PUBLISHED ANNUALLY IN THE KENTUCKY LIVING MAGAZINE DISTRIBUTED TO EACH MEMBER. FINANCIAL STATEMENTS ARE AVAILABLE ON THE KENTUCKY PUBLIC SERVICE COMMISSION'S WEBSITE, AND ARE PUBLISHED ANNUALLY IN THE KENTUCKY LIVING MAGAZINE AND DISTRIBUTED TO EACH MEMBER. A COPY OF THE FORM 990 IS DISPLAYED IN THE LOBBY OF EACH OFFICE. IN ADDITION, ANYONE MAY REQUEST A COPY OF THE FILING. FORM 990, PART XI, LINE 9: ACCUMULATED COMPREHENSIVE INCOME 507,543. INCREASE IN MEMBERSHIPS 5,020. MARGINS ALLOCATED TO MEMBERS 3,200,470. REFUNDS OF CAPITAL CREDITS -166,285. OTHER EQUITIES 5,179. 990, PT XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS DURING THE PREVIOUS TAX YEAR. FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.