2024-11-01T09:47:29-05:00 2024-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2023-07-01 630182345 SAND MOUNTAIN ELECTRIC COOPERATIVE SAND 2566382153 P O BOX 277 RAINSVILLE AL 35986 TYLER COOPER CFO/MANAGER OF FINANCE 2566382153 2024-10-23 1 1 KIM HUSKEY CPA P00958962 4237567771 2024-10-23 2023 2024-10-15 13:58:12Z TYLER COOPER 402 MAIN STREET WEST RAINSVILLE AL 35986 81148360 0 X WWW.SMEC.COOP X 1940 AL THE COOPERATIVE PROVIDES ELECTRICITY TO ITS MEMBERS 9 9 78 0 0 0 0 0 81020116 79699031 164089 206252 1204410 1243077 82388615 81148360 0 0 0 0 8032940 8436774 0 0 0 73701228 72595995 81734168 81032769 654447 115591 117838217 121795571 43508464 47264369 74329753 74531202 TO PROVIDE ELECTRIC SERVICE TO THE PEOPLE IN RURAL AREAS AT THE LOWEST COST POSSIBLE, CONSISTENT WITH SOUND BUSINESS PRACTICES. 0 0 81032769 79699031 TO PROVIDE ELECTRICITY TO ITS 33,375 CUSTOMERS. 81032769 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 70 0 1 78 1 0 0 0 0 0 79699031 1449329 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X TYLER COOPER 2566382153 402 MAIN STREET WEST RAINSVILLE AL 35986 DAVID HENDERSON PRESIDENT 5.00 X 22680 0 0 LARRY G GODWIN VICE-PRESIDENT 4.00 X 32412 0 0 BRAD GILBERT TRUSTEE 3.00 X 32486 0 0 ROLAND HENDON SECRETARY/TREASURER 4.00 X 25129 0 0 DANNY LACEY TRUSTEE 3.00 X 33236 0 0 LUKE FREEMAN TRUSTEE 3.00 X 22680 0 0 RANDY L BAILEY TRUSTEE 3.00 X 33236 0 0 TERRY SMITH TRUSTEE 3.00 X 17020 0 0 BRENT THOMAS TRUSTEE 0.00 X 0 0 0 MARK MALONE CEO/GENERAL MANAGER 45.00 X 269923 0 92028 TYLER COOPER CFO/MANAGER OF FINANCE 45.00 X 157593 0 41097 KEVIN ANDERSON COO 45.00 X 216986 0 162811 DIANE B HALE MANAGER OF MEMBER SERVICES 45.00 X 141087 0 57393 LARRY COOTS OPERATIONS SUPERINTENDENT 45.00 X 145822 0 139872 JOSEPH BATES MANAGER OF ENGINEERING & P 45.00 X 157895 0 27845 JOEY DALTON JOURNEYMAN LINEMAN 45.00 X 138085 0 59546 RANDY D MOODY JOURNEYMAN LINEMAN 45.00 X 139476 0 55121 LEO BOMIAN FORMER TRUSTEE 0.00 X 13204 0 0 RAYMOND LONG FORMER SECRETARY/TREASURER 4.00 X 22535 0 0 JERRY MASON FORMER TRUSTEE 0.00 X 12261 0 0 1633746 0 635713 41 1 1 0 ASPLUNDH TREE EXPERT COMPANY PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 2417203 MERIDIAN COOPERATIVE INC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 DATA PROCESSING SERVICES 751992 SERVICE ELECTRIC COMPANY INC P O BOX 277790 ATLANTA GA 30384 CONSTRUCTION 361832 OSMOSE UTILITIES SERVINC PO BOX 117284 ATLANTA GA 30368 POLE TESTING 133299 4 ELECTRIC SALES 221000 79699031 79699031 79699031 206252 206252 1243077 0 1243077 1243077 1243077 81148360 81148360 0 0 1195059 7241715 1338109 6085235 COST OF POWER 55620060 DISTRIBUTION - MAINTENA 5336425 DISTRIBUTION - OPERATIO 3713783 TAX EXPENSE 2637295 -2134912 81032769 637638 989544 7143787 8003979 990452 1027159 702866 693913 184742240 76196696 105829679 108545544 2504173 2533819 29622 1613 117838217 121795571 11448584 13049117 26402270 28459424 5657610 5755828 43508464 47264369 X 542610 554050 0 0 73787143 73977152 74329753 74531202 117838217 121795571 X 115591 85858 X X 0 1 X 1 0 377097 377097 3449688 1769656 1680032 179688304 74427040 105261264 1227151 1227151 108545544 CUSTOMER DEPOSITS 3197407 POSTRETIREMENT BENEFIT OBLIGATION 2558421 5755828 81148360 0 81148360 0 81148360 81032769 0 81032769 0 81032769 PART VI, LINE 1E OTHER FIXED ASSETS IS MADE UP OF CONSTRUCTION AND RETIREMENT WORK IN PROGRESS. X X X 0 0 0 KEVIN ANDERSON COO 216986 0 0 0 0 0 138045 0 24766 0 379797 0 0 0 MARK MALONE CEO/GENERAL MANAGER 269923 0 0 0 0 0 67262 0 24766 0 361951 0 0 0 LARRY COOTS OPERATIONS SUPERINTENDENT 145822 0 0 0 0 0 137787 0 2085 0 285694 0 0 0 TYLER COOPER CFO/MANAGER OF FINANCE 157593 0 0 0 0 0 16331 0 24766 0 198690 0 0 0 DIANE B HALE MANAGER OF MEMBER SERVICES 141087 0 0 0 0 0 32627 0 24766 0 198480 0 0 0 JOEY DALTON JOURNEYMAN LINEMAN 138085 0 0 0 0 0 34780 0 24766 0 197631 0 0 0 RANDY D MOODY JOURNEYMAN LINEMAN 139476 0 0 0 0 0 30355 0 24766 0 194597 0 0 0 JOSEPH BATES MANAGER OF ENGINEERING & P 157895 0 0 0 0 0 25760 0 2085 0 185740 0 0 0 RAYMOND LONG FORMER SECRETARY/TREASURER 22535 0 0 0 0 0 0 0 0 0 22535 0 0 0 LEO BOMIAN FORMER TRUSTEE 13204 0 0 0 0 0 0 0 0 0 13204 0 0 0 JERRY MASON FORMER TRUSTEE 12261 0 0 0 0 0 0 0 0 0 12261 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 33,375 CONSUMERS TO WHOM IT PROVIDES ELECTRICITY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF SAND MOUNTAIN ELECTRIC COOPERATIVE ELECT THE BOARD OF DIRECTORS THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION A, LINE 7B VOTE OF MEMBERS IS REQUIRED TO ELECT TRUSTEES, CHANGE BY-LAWS, APPROVE CERTAIN PROPERTY SALES AND APPROVE SOME LIMITED OTHER ISSUES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE SUBMITTING IT TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C KEY EMPLOYEES AND TRUSTEES ARE REQUIRED TO FILL OUT TWO SEPARATE QUESTIONNAIRES ANNUALLY DISCLOSING ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS SETS THE GENERAL MANAGER'S COMPENSATION SEPARATELY FROM THE OTHER EMPLOYEES AFTER REVIEWING AREA (ALABAMA RURAL ELEC. ASSOC.) SALARY SURVEYS. THE OTHER OFFICERS, KEY EMPLOYEES (LISTED MANAGERS) SALARY IS SET BY THE BOARD WITH A RECOMMENDATION FROM THE GM. THEY USE THE AREA SALARY SURVEY IN THE PROCESS. ALL OF OUR EMPLOYEE PAY RATES ARE SET BY THE BOARD. THE MAJORITY ARE UNDER A UNION CONTRACT THAT IS NEGOTIATED BY A COMMITTEE OF THE BOARD AND APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN CAPITAL STOCK (MEMBERSHIPS) 11,440. OTHER COMPREHENSIVE INCOME - APBO 74,418. PART XII, LINE 2C EXPLANATION AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. PART I, LINE 15: SALARIES AND WAGES AMOUNT LISTED HERE DOESN'T INCLUDE EMPLOYEE BENEFITS (OTHER THAN THAT OF OFFICERS, KEY EMPLOYEES) PG. 10, PART IX, LINES 8-23: SOME OF LINES 8 THROUGH 23 WERE NOT COMPLETED BECAUSE EXPENSES WERE SPREAD TO OTHER ACCOUNTS. THIS WAS DONE IN AN EFFORT TO MAKE THE EXPENSE STRUCTURE OF THE ELECTRIC UTILITY MORE MEANINGFUL AND ACCURATE FOR THE READERS OF THE FINANCIAL STATEMENTS. PG. 10, PART IX, LINE 24E, OTHER EXPENSES: FOR PRESENTATION PURPOSES, $8,436,774 WAS RECLASSIFIED TO SALARIES AND WAGES TO GIVE A MORE ACCURATE FIGURE. A LARGE AMOUNT OF SALARIES EXPENSE IS CAPITALIZED INTO PLANT DURING THE YEAR WHICH LEAVES THE SALARIES AND WAGES EXPENSE AMOUNT UNDERSTATED. SINCE WE RECLASSIFIED THIS AMOUNT ON PART IX, OTHER EXPENSES SHOW A NEGATIVE BALANCE.