2023-10-09T07:18:45-05:00 2023-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2022-07-01 630182345 SAND MOUNTAIN ELECTRIC COOPERATIVE SAND 2566382153 P O BOX 277 RAINSVILLE AL 35986 TYLER COOPER CFO/MANAGER OF FINANCE 2566382153 2023-10-04 1 TYLER COOPER 999009999 0 KIM HUSKEY CPA P00958962 4237567771 2023-09-25 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TYLER COOPER 402 MAIN STREET WEST RAINSVILLE AL 35986 82388615 0 X WWW.SMEC.COOP X 1940 AL THE COOPERATIVE PROVIDES ELECTRICITY TO ITS MEMBERS 9 9 78 0 0 0 0 0 76617027 81020116 244471 164089 1118455 1204410 77979953 82388615 0 0 0 0 7447337 8032940 0 0 0 66655053 73701228 74102390 81734168 3877563 654447 117656125 117838217 44165125 43508464 73491000 74329753 TO PROVIDE ELECTRIC SERVICE TO THE PEOPLE IN RURAL AREAS AT THE LOWEST COST POSSIBLE, CONSISTENT WITH SOUND BUSINESS PRACTICES. 0 0 81734167 81020116 TO PROVIDE ELECTRICITY TO ITS 33,003 CUSTOMERS. 81734167 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 63 0 1 78 1 0 0 0 0 0 81020116 1368499 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 19805 0 0 LARRY G GODWIN VICE-PRESIDENT 4.00 X 28911 0 0 BRAD GILBERT TRUSTEE 3.00 X 29483 0 0 LEO BOMIAN TRUSTEE 3.00 X 19507 0 0 ROLAND HENDON TRUSTEE 3.00 X 21006 0 0 RAYMOND LONG SECRETARY/TREASURER 4.00 X 21163 0 0 DANNY LACEY TRUSTEE 3.00 X 27983 0 0 LUKE FREEMAN TRUSTEE 3.00 X 20555 0 0 RANDY L BAILEY TRUSTEE 3.00 X 29233 0 0 MARK MALONE CEO/GENERAL MANAGER 45.00 X 253150 0 95731 TYLER COOPER CFO/MANAGER OF FINANCE 45.00 X 153678 0 49279 KEVIN ANDERSON COO 45.00 X 212358 0 204458 DIANE B HALE MANAGER OF MEMBER SERVICES 45.00 X 138569 0 75447 LARRY COOTS OPERATIONS SUPERINTENDENT 45.00 X 139709 0 172629 JOSEPH BATES MANAGER OF ENGINEERING & P 45.00 X 152294 0 46269 RODNEY B HORTON SUPERINTENDENT OF MAINTENA 45.00 X 185835 0 2708 RANDY D MOODY JOURNEYMAN LINEMAN 45.00 X 134942 0 63803 JERRY MASON FORMER TRUSTEE 0.00 X 10289 0 0 1598470 0 710324 33 1 1 0 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 RIGHT OF WAY CLEARING 1625094 MERIDIAN COOPERATIVE INC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 DATA PROCESSING SERVICES 694623 OSMOSE UTILITIES SERVINC PO BOX 117284 ATLANTA GA 30368 POLE TESTING 131637 3 ELECTRIC SALES 221000 81020116 81020116 81020116 164089 164089 1204410 0 1204410 1204410 1204410 82388615 82388615 0 0 1186298 6846642 1119620 5990413 COST OF POWER 56875129 DISTRIBUTION - MAINTENA 5641196 DISTRIBUTION - OPERATIO 3521396 TAX EXPENSE 2651190 -2097716 81734168 679056 637638 8104463 7143787 957781 990452 1070753 702866 177757389 71927710 104170939 105829679 2652312 2504173 20821 29622 117656125 117838217 12336715 11448584 26196039 26402270 5632371 5657610 44165125 43508464 X 531080 542610 0 0 72959920 73787143 73491000 74329753 117656125 117838217 X 654447 184306 X X 0 1 X 1 0 150374 150374 3449688 1700525 1749163 173426320 70227185 103199135 731007 731007 105829679 CUSTOMER DEPOSITS 3125387 POSTRETIREMENT BENEFIT OBLIGATION 2532223 5657610 82388615 0 82388615 0 82388615 81734168 0 81734168 0 81734168 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 212358 0 0 0 0 0 183633 0 20825 0 416816 0 0 0 MARK MALONE CEO/GENERAL MANAGER 253150 0 0 0 0 0 74906 0 20825 0 348881 0 0 0 LARRY COOTS OPERATIONS SUPERINTENDENT 139709 0 0 0 0 0 170705 0 1924 0 312338 0 0 0 DIANE B HALE MANAGER OF MEMBER SERVICES 138569 0 0 0 0 0 54622 0 20825 0 214016 0 0 0 TYLER COOPER CFO/MANAGER OF FINANCE 153678 0 0 0 0 0 28454 0 20825 0 202957 0 0 0 RANDY D MOODY JOURNEYMAN LINEMAN 134942 0 0 0 0 0 42978 0 20825 0 198745 0 0 0 JOSEPH BATES MANAGER OF ENGINEERING & P 152294 0 0 0 0 0 44345 0 1924 0 198563 0 0 0 RODNEY B HORTON SUPERINTENDENT OF MAINTENA 185835 0 0 0 0 0 784 0 1924 0 188543 0 0 0 JERRY MASON FORMER TRUSTEE 10289 0 0 0 0 0 0 0 0 0 10289 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS 33,003 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) 11,530. OTHER COMPREHENSIVE INCOME - APBO 172,776. 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, $8,032,940 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.