2024-11-01T16:17:04-04:00 2024-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2023-07-01 620395590 VOLUNTEER ENERGY COOPERATIVE VOLU 4233341020 P O BOX 277 DECATUR TN 37322 DION COOPER PRESIDENT/CEO 4233341020 2024-10-17 true true PATRICK R LILE P01067422 9316847142 2024-10-21 X 2023 2024-10-15 13:58:12Z DION COOPER PO BOX 277 DECATUR TN 37322 292570185 false X WWW.VEC.ORG X 1935 TN TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 127,369 CUSTOMERS. 12 12 190 0 0 287508193 275744932 6263989 1724157 4303442 4655629 298075624 282124718 0 0 12818774 13565827 0 0 274232558 265378986 287051332 278944813 11024292 3179905 375821618 386525774 60140425 81814971 315681193 304710803 NONE false false TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 127,369 CUSTOMERS. false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 113 0 190 true false false false false false 275744931 1724159 false false false X 12 12 false false false false true true false true true false false true true true true true true true true false X MARK VERSTYNEN 4233341020 18359 HWY 58 NORTH DECATUR TN 37322 AUBIE SMITH CHAIRMAN 10.00 0.50 X X 18394 0 0 WILLIAM J CAMPBELL VICE-CHAIRMA 10.00 2.00 X X 14824 0 0 SAMMY NORTON SECRETARY/TR 10.00 2.00 X X 16024 0 0 TIM HANDLER ASST SEC/TRE 10.00 X X 13924 0 0 DAVID J MILEN DIRECTOR 10.00 0.50 X 11524 0 0 MIKE FRAZIER DIRECTOR 10.00 X 15124 0 0 JERRY HENLEY DIRECTOR 4.00 X 16924 0 0 JOHN BUCHANAN DIRECTOR 4.00 X 18052 0 0 KENNETH CAREY JR DIRECTOR 5.00 X 17752 0 0 LARRY STORIE DIRECTOR 10.00 X 15724 0 0 KEITH PHILLIPS DIRECTOR 6.00 6.00 X 14152 0 0 PHILIP SMITH DIRECTOR 6.00 X 17824 0 0 DION COOPER PRESIDENT/CE 60.00 0.50 X 370559 0 46594 MARK VERSTYNEN VP ACCOUNTIN 50.00 1.00 X 161972 0 56718 MATTHEW TEAGUE VP OF ENGINE 50.00 X 171726 0 45351 KAREN DAVIS VP OF INFO. 45.00 X 158446 0 79088 DANIEL TUTTLE LINEMAN 61.77 X 158731 0 16637 DUSTIN BATES LINEMAN 62.37 X 180911 0 24275 MICHAEL BICE LINEMAN 65.94 X 187910 0 23771 MARK KENNEDY LINEMAN 62.36 X 168189 0 39227 JOSHUA HOWARD LINEMAN 60.93 X 161657 0 18504 1910343 350165 80 false true false SERVICE ELECTRIC COMPANY PO BOX 277790 ATLANTA GA 30384 LINE CONSTRUCTI 7108399 WAKENDALL AND COMPANY LLC 2736 MEADOW CHURCH RD SUITE 200 DULUTH GA 30097 ROW TRIMMING 5985059 MPS LLC PO BOX 3178 CLEVELAND TN 37320 LINE CONSTRUCTI 3650306 T COM LLC PO BOX 567 PORTLAND TN 37148 FIBER CONSTRUCT 2716643 GALLOWAY CONSTRUCTION LLC PO BOX 69 SUNBRIGHT TN 37872 ROW TRIMMING 2393210 21 SALE OF ELECTRIC ENERGY 221000 275491521 275491521 NATURAL GAS SALES 221000 126764 126764 MISCELLANEOUS PROGRAM SERVICE 221000 126647 126647 275744932 1318613 1318613 4655629 4655629 4655629 4655629 10643833 207178 10445467 198366 207178 405544 207178 198366 282124718 275952110 6172608 1141876 10770621 738963 914367 89216 63869 94961 76910 1255458 2192910 227228 21164447 781420 COST OF POWER 215881932 DISTRIBUTION EXPENSE 15187523 ADMINISTRATIVE AND GENERA 5709797 CUSTOMER ACCOUNTS EXPENSE 2102820 550495 278944813 0 0 0 25095926 10271397 23878583 26461282 16901587 26906856 5898662 6131622 14099597 13166100 890367 901239 608768497 309434375 275297799 299334122 10598803 3160294 3353156 375821618 386525774 40038541 62505123 6916412 5176105 13185472 14133743 60140425 81814971 X 488735 496530 315192458 304214273 315681193 304710803 375821618 386525774 X 3179905 -14150295 X false true X false true true 3191898 3191898 27599871 9429100 18170771 564930767 300005275 264925492 13045961 13045961 299334122 CUSTOMER DEPOSITS 8165454 ADVANCES FROM TVA 4752068 OTHER CURRENT LIABILITIES 1216221 14133743 X X false false false DION COOPER PRESIDENT/CEO 345462 25097 29250 17344 417153 MARK VERSTYNEN VP ACCOUNTING & FINA 161215 757 39482 17236 218690 MATTHEW TEAGUE VP OF ENGINEERING 162284 9442 28144 17207 217077 KAREN DAVIS VP OF INFO. TECH. 155572 2874 61925 17163 237534 DANIEL TUTTLE LINEMAN 158599 132 933 15704 175368 DUSTIN BATES LINEMAN 180737 174 8571 15704 205186 MICHAEL BICE LINEMAN 187802 108 7944 15827 211681 MARK KENNEDY LINEMAN 167775 414 23400 15827 207416 JOSHUA HOWARD LINEMAN 161549 108 2800 15704 180161 FORM 990, PART VI THE COOPERATIVE'S PURCHASING POLICY REQUIRES ALL BIDS FOR EQUIPMENT, MATERIAL, AND CONTRACT LABOR THAT EXCEEDS 25,000 TO BE APPROVED BY THE BOARD OF DIRECTORS. THIS WOULD INCLUDE A MULIT-YEAR CONTRACT THAT EXCEEDS 25,000. FORM 990, PAGE 6, PART VI, LINE 6 VOLUNTEER ENERGY COOPERATIVE HAS 127,369 MEMBERS TO WHOM IT PROVIDES ELECTRICITY. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF VOLUNTEER ENERGY COOPERATIVE ELECT THE BOARD MEMBERS ANNUALLY THROUGH A DEMOCRATIC PROCESS. FORM 990, PAGE 6, PART VI, LINE 11B THE INDEPENDENT CPA FIRM THAT PREPARES THE FORM WILL REVIEW THE ORGANIZATION'S FORM 990 WITH THE BOARD OF DIRECTORS BEFORE IT IS SUBMITTED TO THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C A CONFLICT OF INTEREST QUESTIONNAIRE FORM IS SENT OUT TO THE BOARD OF DIRECTORS, THE VICE PRESIDENTS, AND THE AREA MANAGERS TO COMPLETE AND SIGN EACH YEAR. ALSO, ANY MAJOR PURCHASES OF 10,000.00 OR MORE MUST BE APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE PRESIDENT/CEO ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR THE OFFICERS OF VEC ON AN ANNUAL BASIS. THE OFFICERS DETERMINE THE COMPENSATION FOR THE REST OF THE STAFF. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE LOCAL OFFICE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE PRESIDENT/CEO. FORM 990, PART XI, LINE 9 CY ACTUARIAL LOSS - PENSION -29,090 DIFFERENCE IN ROA - PENSION 1,661,697 CY ACTUARIAL LOSS - OPEB -15,790,697 CHANGE IN MEMBERSHIP 7,795 TOTAL -14,150,295 VEC CUSTOMERS SHARE INC PO BOX 277 DECATUR TN 37322 621861476 CHARITABLE TN 501C3 7 VEC true false false false false false false false false false false false true false true true false false true false VEC CUSTOMERS SHARE INC R 330174 VALUE OF CASH TRANSFERRED