2025-11-12T15:36:12-06:00 2025-06-30 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2024-07-01 620238497 Holston Electric Cooperative Inc HOLS 4232728821 1200 West Main Street Rogersville TN 37857 Jeff Ringley President 4232728821 2025-11-07 1 1 Richard B Compton P03317491 3348347660 2025-10-20 2024 2025-03-06 01:10:19Z Jeff Ringley 1200 West Main Street Rogersville TN 37857 110216626 0 X http://www.holstonelectric.com X 1940 TN At Holston Electric Cooperative, our mission is to provide safe, dependable electric service to our member-owners at a reasonable cost. 7 7 107 0 0 0 0 0 98537381 107305550 872465 799862 2022201 2111214 101432047 110216626 0 0 7041020 8090404 730278 813010 0 0 0 93660749 101313212 101432047 110216626 0 0 149358074 158742986 44937613 46236095 104420461 112506891 At Holston Electric Cooperative our mission is to provide safe, dependable electric service to our member-owners at a reasonable cost. 0 0 Holston Electric Cooperative is a customer-owned distributor of TVA power, providing service to more than 32,000 residential, commercial and industrial customers in a 525 square-mile area of Hawkins and Hamblen Counties in upper East Tennessee. Holston Electric Cooperative operates it's wholly owned subsidiary, HolstonConnect, LLC, to provide rural broadband services (Internet, Telephone and Televison) to the current footprint of the Electric Cooperative. The most recent customer count is approximately 14,000 customers. 0 0 0 0 0 0 0 0 0 1 0 0 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 1 0 0 0 1 82 0 1 107 1 0 0 0 0 0 0 0 107305550 986840 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X Aundrea Johnson 4232728821 1200 West Main Street Rogersville TN 37857 Gordell Ely Director 4.50 X 14275 0 0 Jeff Ringley Director/President 3.60 X X 12275 0 0 Phil Barrett Director/Vice President 4.60 X X 15925 0 0 David Marshall Director/Secretary/Treasur 5.10 X X 15725 0 0 Jerry Horner Director 3.20 X 11150 0 0 Crystal Price Director 5.10 X 15175 0 0 Mark Derrick Director 8.40 X 19425 0 0 Shannon Bellamy Director of Finance and Hu 50.00 X 210217 0 17243 James B Sandlin General Manager 55.00 X 351713 0 129889 Nathan Franklin Director of Engineering 50.00 X 173311 0 80204 James Glenn Risner Foreman 50.00 X 164335 0 30615 Renn Lawson Foreman 50.00 X 160392 0 77598 Sammy W Trent Director of Broadband Operations 50.00 X 155056 0 37203 REX COLE Foreman 50.00 X 146324 0 69930 1465298 0 442682 24 0 1 0 Carpenter's Pro Tree Service Inc 1082 Old Stage Rd Rogersville TN 37857 Tree Trimming 2079392 Couch-Price Tree Service 136 Bert Price Rd Rogersville TN 37857 Tree Trimming 1930697 Premier Comm Technologies 133 Highway 70S Rogersville TN 37857 Fiber Construction 1660385 Galloway Construction PO Box 69 Sunbright TN 37872 Electric Line Construction 1522839 Lutrell Staffing Group 952 W Broadway Rogersville TN 37857 Staffing Agency 433352 9 Sales of Electricity 221000 93061606 93061606 Other Utility Revenue 221000 14243944 14243944 107305550 799862 799862 1924237 0 1924237 1924237 1924237 Non-Operating Revenue 221000 186977 186977 186977 110216626 107305550 0 2911076 X 8090404 813010 731536 8612559 Purchased Power 66533875 Distribution-Operations 10291352 Distribution-Maintenanc 7136578 Administrative & Genera 4297327 3709985 110216626 0 0 10705838 12169896 5467858 7261101 93325 23197 1728964 1736665 4134646 5505297 206518008 84139141 117999559 122378867 5957299 6081910 3270585 3586053 149358074 158742986 13734769 15899268 27497528 26711571 3705316 3625256 44937613 46236095 X 0 0 100480 96506 104319981 112410385 104420461 112506891 149358074 158742986 X 0 8086430 X X 0 1 X 1 1 1 867962 867962 5360361 1856254 3504107 200289685 82282887 118006798 122378867 Accumulated Post Retirement Benefits 699029 Customer Deposits 2898013 Advances from the TVA 28214 3625256 X Part X, Line 2: Income taxes - The Cooperative is exempt from income taxes under Internal Revenue Code Section 501(c)(12). Management evaluated the Cooperative's tax positions and concluded that the Cooperative had taken no uncertain tax positions that require adjustment to the financial statements. 1 X X X X X X 0 0 0 James B Sandlin General Manager 313110 0 0 0 38603 0 100810 0 29079 0 481602 0 0 0 Nathan Franklin Director of Engineering 149298 0 0 0 24013 0 52094 0 28110 0 253515 0 0 0 Renn Lawson Foreman 154239 0 0 0 6153 0 49783 0 27815 0 237990 0 0 0 Shannon Bellamy Director of Finance and Hu 178610 0 0 0 31607 0 4912 0 12331 0 227460 0 0 0 REX COLE Foreman 139896 0 0 0 6428 0 42132 0 27798 0 216254 0 0 0 James Glenn Risner Foreman 151461 0 0 0 12874 0 2817 0 27798 0 194950 0 0 0 Sammy W Trent Director of Broadband Operations 138940 0 0 0 16116 0 9110 0 28093 0 192259 0 0 0 Form 990, Part VI, Section A, line 6 As a cooperative, we are owned by the members we serve. Form 990, Part VI, Section A, line 7a Members are eligible to vote for any representative running for election. There are seven districts, each with a representative. Representatives serve a three year term. Form 990, Part VI, Section A, line 7b The membership must approve decisions that involve substantial transfers of cooperative assets, amendments to the cooperative's bylaws, as well as other decisions requiring approval of the membership by law, the articles of incorporation, and/or the cooperative's bylaws. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm using the information provided by the Director of Finance. The Form 990 is then re-examined by the Director of Finance once the independent accounting firm submits a first draft and recommends revisions. A final copy is then presented to the Board of Directors before it is filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is monitored by the board of directors annually at the organizational meeting. The General Manager, Director of Finance, and each director signs a statement of code of conduct. Within this code of conduct is language regarding conflicts of interest. Approval of the code of conduct is recorded in the minutes. Form 990, Part VI, Section B, line 15 The personnel committee of the Board of Directors annually reviews the performance of the General Manager. The committee reviews competitive salary survey data, including a competitive range for general managers in comparable organizations and develops a salary recommendation that is presented to the full board of directors for a vote. The decision is documented in the minutes of the board meeting. The personnel committee compares the General Manager's salary to the salaries of other general managers of electric utilities both nationally and within the state. Officer and key employee salaries are determined by the General Manager using similar evaluation and salary comparison criteria as used by the personnel committee. The cooperative's pay grades and compensation are competitive. Pay grades are reviewed annually and may be adjusted by a competitive factor as determined by the results of competitive market surveys. Form 990, Part VI, Section C, line 19 The cooperative's governing documents are the bylaws. The bylaws are given to all new members. The bylaws are also made available on our website and upon request. The conflict of interest is available upon request. Financial statements are presented annually at the member's annual meeting. The financial statements are also published annually in our member publication. Form 990, Part XI, line 9: Change in memberships -3,975. Margins Assigned/Assignable to Members 8,090,405. Holston Connect 1200 W Main Street Rogersville TN 37857 823388988 Broadband Service TN 13564522 6491013 Holston Electric Cooperative Inc