2021-05-14T08:42:14-05:00 2020-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2020-01-01 610294540 NOLIN RURAL ELECTRIC COOPERATIVE CORP NOLI 2707656153 411 RING ROAD ELIZABETHTOWN KY 42701 GREG LEE PRESIDENT & CEO 2707656153 2021-05-03 1 GREG LEE 999009999 TRAVIS C FRICK P01728213 5025830248 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GREG LEE 411 RING ROAD ELIZABETHTOWN KY 42701 73838257 0 X WWW.NOLIN.COM X 1937 KY PROVIDE ELECTRIC SERVICE ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF OVER 35,939 CONSUMERS. 6 6 107 0 0 0 0 0 75470174 70319082 1355989 974551 3613394 2544624 80439557 73838257 0 0 4815218 5837161 11588926 12610237 0 0 0 64035413 55390859 80439557 73838257 0 0 169703745 171027235 93555671 90251822 76148074 80775413 PROVIDE ELECTRIC SERVICE ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF OVER 35,939 CONSUMERS. 0 0 68001096 72415995 PROVIDE ELECTRIC SERVICE ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF OVER 35,939 CONSUMERS. 68001096 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 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 64 0 1 107 1 0 0 0 0 0 0 0 72415995 1422262 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 SARA ROBERSON VP FINANCE 2707656153 411 RING ROAD ELIZABETHTOWN KY 42701 DAVID BROWN CHAIRMAN 5.48 X X 23930 0 0 GENE STRANEY VICE CHAIRMAN 4.43 X X 19448 0 0 AL ROSENBERGER SEC/TREAS 4.74 X X 18647 0 0 LAWRENCE IRELAND DIRECTOR 3.13 X 18637 0 0 LINDA GRIMES DIRECTOR 6.30 X 22942 0 0 RAYMOND THOMAS DIRECTOR 4.46 X 19624 0 0 GREG LEE PRESIDENT/CEO 40.40 X 191800 0 56797 SARA ROBERSON VP, ADMINISTRATION/FINANCE 41.60 X 135130 0 54177 DAVID COX VP INFORMATION TECHNOLOGY 40.60 X 125776 0 50640 ANDREW PATTERSON MGR OF OPERATIONS 41.10 X 123343 0 14557 KENNETH BROWN SR LINE TECH 52.10 X 123634 0 35218 ANTHONY HUFF SR LINE TECH 54.70 X 126920 0 32319 949831 0 243708 20 0 1 0 ASPLUNDH TREE EXPERT COMPANY PO BOX 532729 ATLANTA GA 30353 ROW CLEARING 2093541 RUSSMAR UTILITY MANAGEMENT 2371 IRVINE RD RICHMOND KY 40475 NATURAL GAS MAINT 945487 DELTA STAR PO BOX 732870 DALLAS TX 75373 POWER SOLUTIONS 531201 WHAYNE SUPPLY COMPANY DEPT 8326 CAROL STREAM IL 60122 EQUIPMENT 404266 ENVISION ENERGY SERVICES PO BOX 707 WINCHESTER KY 40392 POWER SOLUTIONS 353500 5 SALE ELECTRICITY 221000 70312538 70312538 OTHER ELECTRIC REVENUES 221000 6544 6544 70319082 974551 974551 G&T CAPITAL CREDIT 221000 1772441 1772441 JOINT USE ATTACHMENTS 221000 397900 397900 PATRONAGE CAPITAL ASSIGND 221000 324472 324472 49811 49811 2544624 73838257 72415995 0 1422262 5837161 5837161 315028 315028 7408975 7408975 1605828 1605828 1195270 1195270 2085136 2085136 76134 76134 34300 34300 2347086 2347086 4578630 4578630 363426 363426 COST OF POWER 45339762 45339762 DISTRIBUTION - MAINTENA 5277366 5277366 DISTRIBUTION - OPERATIO 3937945 3937945 ADMINISTRATIVE AND GENE 3655785 3655785 -10219575 -10219575 73838257 73838257 0 0 3236881 10968539 8257397 8894845 33760102 24138578 1139801 1110455 26245 30261 129154430 55300547 73130249 73853883 49017830 50972173 1135240 1058501 169703745 171027235 6706880 7037106 75978512 72339610 10870279 10875106 93555671 90251822 X 261270 259695 -1874410 -1712374 77761214 82228092 76148074 80775413 169703745 171027235 X 0 4627339 X X 0 1 X 1 0 129154430 55300547 73853883 73853883 INVESTMENTS PROGRAM RELATED 50972173 F 50972173 CONSUMER DEPOSITS 2336089 ACCRUED EXPENSES 1572010 CONSUMER ADVANCES FOR CONSTRUCTION 185075 ACCUMULATED POSTRETIREMENT BENEFITS 6781932 10875106 X 73838257 0 73838257 0 73838257 73838257 0 73838257 0 73838257 PART X, LINE 2: NOLIN'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. NOLIN HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. X X 0 0 0 GREG LEE PRESIDENT/CEO 191800 0 0 0 0 0 0 0 56797 0 248597 0 0 0 SARA ROBERSON VP, ADMINISTRATION/FINANCE 135130 0 0 0 0 0 0 0 54177 0 189307 0 0 0 DAVID COX VP INFORMATION TECHNOLOGY 125776 0 0 0 0 0 0 0 50640 0 176416 0 0 0 ANTHONY HUFF SR LINE TECH 126920 0 0 0 0 0 0 0 32319 0 159239 0 0 0 KENNETH BROWN SR LINE TECH 123634 0 0 0 0 0 0 0 35218 0 158852 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT MEMBER TO RUN FOR DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT MEMBER TO RUN FOR DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY AT LEAST A 2/3 MAJORITY VOTE OF THE MEMBERS. THE BYLAWS MAY BE AMENDED 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 OF THE 990 PRIOR TO FILING. MAY MAKE INQUIRIES OF INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR IN A CLOSED SESSION AND ARE ABLE TO ASK QUESTIONS AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS PREPARED BY EACH DIRECTOR AND KEY EMPLOYEE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 15.A AND B. THE BOARD RECEIVES COMPENSATION DATA FROM BOTH LOCAL AND NATIONAL SURVEYS. THE BOARD USES THIS DATA, ALONG WITH A PERFORMANCE REVIEW, TO SET COMPENSATION. EACH DIRECTOR EVALUATES THE PRESIDENT/CEO PERFORMANCE ANNUALLY. THE BOARD HAS USED, AND OCCASSIONALLY DOES, USE AN INDEPENDENT HUMAN RESOURCE CONSULTING FIRM TO REVIEW THE COMPENSATION AND PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION AND BYLAWS ARE GIVEN TO EACH NEW MEMBER. ANNUAL FINANCIAL STATEMENTS AND INFORMATION IS GIVEN TO EACH MEMBER THROUGH A MEMBER MAGAZINE, AT THE ANNUAL MEMBERSHIP MEETING, AND THEY ARE AVAILABLE ON THE KENTUCKY PUBLIC SERVICE COMMISSION WEBSITE. FORM 990, PART XI, LINE 9: COMPREHENSIVE POST RETIREMENT BENEFITS 162,036. MARGINS ALLOCATED TO MEMBERS 5,837,161. MEMBERSHIPS ISSUED -1,575. OTHER EQUITIES 521,807. REFUNDS OF CAPITAL CREDITS -1,515,606. REFUNDS TO ESTATES -376,484. FORM 990, PART IX, LINE 4 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.