2023-05-09T09:58:27-07:00 2022-12-31 990 2022-01-01 314197135 GUERNSEY-MUSKINGUM ELECTRIC COOP GUER 7408267661 17 S Liberty Street New Concord OH 43762 Brian Hill CEO 7408267661 2023-05-09 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Brian Hill CEO 17 S Liberty Street New Concord OH 43762 40642443 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 47 0 0 0 0 0 37148930 38732411 188877 52173 926198 1857859 38264005 40642443 6100 6100 0 0 3516933 3807048 0 0 0 32226726 34116852 35749759 37930000 2514246 2712443 95596998 96496641 45997291 45460881 49599707 51035760 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 17,066 accounts at the end of 2022. In 2022, 166 new services were installed throughout our service territory. Also, in 2022 the Cooperative returned over $1,276,000 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 47 1 0 0 0 0 0 40135746 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 176817 0 59797 Kenneth Tolliver Operations Manager 40 X 165317 0 51929 Andy Bone Controller 40 X 130039 0 50843 Maureen Riley Secretary-Treasury 7.8 X 12780 0 0 Jay Gray Director 7.40 X 12345 0 0 Edward G Bay Vice Chair 7.20 X 12200 0 0 John Enos Director 6.20 X 11190 0 0 Shirley Stultz Director 6.20 X 11185 0 0 Matt Carpenter Chairman 6.2 X 11185 0 0 A Duane Parks Director 5.70 X 10750 0 0 553808 0 162569 13 0 1 0 Asplundh Tree Expert Co 708 Blair Mill Road Willow Grove PA 19090 Right-of-way Tree Trimming 1475987 New River 15 Cloverdale Cloverdale VA 24077 Construction Electric Distribution 813822 Jaflo Inc 1550 Pond Road Suite 200 Allentown PA 18104 Right-of-way Tree Trimming 194046 Lost Time Control West Inc 1202 N Ingleside Farm Road Iron Station NC 28080 Pole Inspection & Treatment 178722 Treesmith llc 1550 Pond Road Suite 200 Allentown PA 18104 Right-of-way Tree Trimming 1135430 8 0 Energy Sale to Members 221000 37962152 37962152 0 0 Pole Connects 221000 454524 454524 0 0 Other 221000 315735 315735 0 0 0 0 0 0 38732411 52173 0 0 52173 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Patronage Capital from Assoc 900099 1206436 1206436 0 0 Misc Income/Loss 900099 651423 651423 0 0 0 0 0 0 1857859 40642443 40590270 0 52173 6100 716377 2018667 427700 455488 188816 102340 125267 31596 2838825 107043 301454 23406 20068 17176 1327886 2538244 Purchase Power 22805664 Real Estate Tax 1231709 KWH Tax 1098144 Transportation Expense 566504 981526 37930000 0 0 0 1645891 666708 3750664 4799330 1585713 970563 842630 730083 95172844 24549222 69292824 70623622 17071991 17151243 1407285 1555092 95596998 96496641 4924511 4873560 40147226 39532790 925554 1054531 45997291 45460881 X 0 0 3872 3872 49595835 51031888 49599707 51035760 95596998 96496641 X 2712443 0 0 0 0 -1276390 X 0 1 1 0 0 556467 556467 0 2679408 1311375 1368033 0 0 0 0 0 91936969 23237847 68699122 0 0 0 0 70623622 Patronage Capital Buckeye Power 14113255 C Buckeye Power Equity 922383 C National Rural Utilities CFC Capital 743951 C Patronage Capital UUS 389810 C Patronage Capital CFC 370208 C Federated Insurance 193019 C Interest in Heartland Emergency 171484 C Patronage Capital NISC 103476 C Other Investments 143657 C 17151243 0 Consumer Deposits 628997 Consumer Advance for Construction 292551 Consumer Advance for Prepaid Construction 47685 Other Deferred credits 85298 1054531 40642443 0 0 0 0 0 40642443 0 0 0 40642443 37930000 0 0 0 0 0 37930000 0 0 0 37930000 1 Scholarships for students 8 6100 0 Schedule I, Part I, Line 2 Scholarships are given to member's high school students who apply, and the students go thru the interview process which decideds who gets what scholarship. X X 0 0 0 Brian Hill General Manager/CEO 176817 0 0 0 0 0 0 0 59797 0 236614 0 Kenneth Tolliver Operations Manager 165317 0 0 0 0 0 0 0 51929 0 217246 0 Andy Bone Controller 130039 0 0 0 0 0 0 0 50843 0 180882 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 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 the governing documents are available on the cooperative's website. Paper copies of the governing documents, polices, and financials statements are available at cooperative office upon request. Form 990, Part XI, Line 9 In 2022 the cooperative returned over $1,276,000 to our members through the retirement of patronage capital. Such payments are not an expense on our audited financial statements, but instead represents a return of capital.