2025-10-28T16:17:32-05:00 2024-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-01-01 730539216 KIAMICHI ELECTRIC COOPERATIVE INC KIAM 9184652338 PO BOX 340 WILBURTON OK 74578 BRETT ORME CEO 9184652338 2025-10-20 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-10-20 2024 2025-03-06 01:10:19Z BRETT ORME PO BOX 340 WILBURTON OK 74578 52095516 0 X KIAMICHIELECTRIC.ORG X 1945 OK TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO ALL MEMBERS OF THE COOPERATIVE. 7 7 66 0 0 0 0 0 51444394 51661669 148341 32078 496431 327259 52089166 52021006 6200 6461 2965093 3313309 688436 897032 0 0 0 48429437 47804204 52089166 52021006 0 0 129638886 135800074 79283207 82613024 50355679 53187050 IMPROVING LIVES. POWERING OUR COMMUNITIES. 0 0 DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 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 59 0 1 66 1 0 0 0 0 0 0 0 51170115 497084 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 OK X KIAMICHI ELECTRIC COOPERATIVE INC 8008882731 944 SW HWY 2 WILBURTON OK 74578 X DON PARR DIRECTOR 20.00 X 30388 0 0 MARK ICHORD DIRECTOR 32.00 X 35250 0 0 RON PELANCONI PRESIDENT 26.00 X X 47265 0 0 LARRY CULWELL DIRECTOR 36.00 X 34665 0 0 AMY MILLER SECRETARY/TREASURER 24.00 X X 37470 0 0 DAVID RAY DIRECTOR 34.00 X 40965 0 0 RUSSELL SHAW VICE-PRESIDENT 24.00 X X 51201 0 0 BRETT ORME CEO 45.56 X 296554 0 137208 CRYSTAL BUTLER CFO 52.37 X 152478 0 73618 DENNIS DOLAN MANAGER OF OPERATIONS 55.06 X 144809 0 128414 JEREMY SHAFFER AREA MAINTENANCE MAN 52.79 X 139345 0 43238 BRANDON DOYLE CONSTRUCTION FOREMAN 54.14 X 151103 0 26957 BRYAR BARRS JOURNEYMAN LINEMAN 58.39 X 153579 0 43505 CARSON GRAY JOURNEYMAN LINEMAN 58.69 X 144044 0 16797 1459116 0 469737 23 0 1 0 GORDON CONSTRUCTION 905 WEST MAIN STIGLER OK 74462 OH LINE CONSTRUCTION/MAINTENANCE 4204743 WEST TREE SERVICE INC 6300 FORBING ROAD LITTLE ROCK AR 72209 RIGHT-OF-WAY MAINTENANCE 1451781 RICKY CRANE CONSTRUCTION LLC 28030 GOAT RIDGE RD WISTER OK 74966 UG LINE CONSTRUCTION 202779 RIGGS TREE SERVICE PO BOX 453225 GROVE OK 74345 RIGHT-OF-WAY MAINTENANCE 181151 US APPLICATORS PO BOX 563 LOUISVILLE MS 39339 RIGHT-OF-WAY MAINTENANCE 172232 5 RESIDENTIAL 221000 35157715 35157715 SMALL COMMERCIAL 221000 10032172 10032172 INDUSTRIAL 221000 2821956 2821956 CAPITAL CREDITS 221000 2283048 2283048 GROSS RECEIPTS TAX 221000 963004 963004 403774 403774 51661669 32558 32558 321677 0 321677 321677 321677 74030 74510 -480 -480 -480 NONOPERATING REVENUE 221000 5582 5582 5582 52021006 51661669 0 359337 6461 3313309 897032 3123741 4158071 COST OF POWER 28443887 DISTRIBUTION - MAINTENA 5730205 ADMINISTRATIVE & GENERA 2088606 DISTRIBUTION - OPERATIO 1547487 2712207 52021006 114774 117833 22099 22173 6771645 6780708 2132816 1853663 429091 133185 137913990 36287059 96790888 101626931 3470 3571 23366412 25254340 7691 7670 129638886 135800074 4266515 4994614 53567367 50082814 6795361 14577966 14653964 12957630 79283207 82613024 X 87125 87150 0 0 50268554 53099900 50355679 53187050 129638886 135800074 X 0 2831371 X 0 1 X 1 0 231098 231098 9655854 1525661 8130193 7029183 4473322 2555861 120997855 30288076 90709779 101626931 WESTERN FARMERS ELECTRIC COOP CAPITAL CREDITS 18223140 C KAMO ELECTRIC COOP CAPITAL CREDITS 2518671 C COBANK CAPITAL CREDITS 2031036 C NATIONAL RURAL UTILITIES CFC CAPITAL CREDITS/CERTIFICATES 1571116 C SOUTHEASTERN DATA COOP CAPITAL CREDITS 198619 C NATIONAL RURAL TELECOMMUNICATIONS COOP CAPITAL CREDITS 147949 C ARKANSAS ELECTRIC COOP CAPITAL CREDITS 534902 C NATIONAL INFORMATION SOLUTIONS COOP CAPITAL CREDITS 28907 C 25254340 ACCUMULATED PROVISIONS - ASSET RETIREMENT OBLIGATIONS 4446263 DEFERRED CREDITS 5660061 CUSTOMER DEPOSITS 2851306 12957630 X 52018318 -2688 -2688 52021006 0 52021006 48705009 0 48705009 3315997 3315997 52021006 PART X, LINE 2: THE COOPERATIVE EVALUATES ITS TAX POSITIONS THAT HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN ON INCOME TAX RETURNS TO DETERMINE IF AN ACCRUAL IS NECESSARY FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2024 AND 2023, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE COOPERATIVE WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: WILDBLUE EXPENSES NETTED TO REVENUE FOR GAAP -2,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: OTHER ADJUSTMENT PART XII, LINE 4B - OTHER ADJUSTMENTS: WILDBLUE EXPENSES NETTED TO REVENUE FOR GAAP 2,688. ALLOCATION OF 2024 MARGINS TO MEMBERS IN 2025 3,313,309. X X 0 0 0 BRETT ORME CEO 293688 0 0 0 2866 0 107112 0 31238 0 434904 0 0 0 DENNIS DOLAN MANAGER OF OPERATIONS 143602 0 0 0 1207 0 105590 0 23414 0 273813 0 0 0 CRYSTAL BUTLER CFO 152000 0 0 0 478 0 37522 0 36759 0 226759 0 0 0 BRYAR BARRS JOURNEYMAN LINEMAN 153487 0 0 0 92 0 5403 0 38447 0 197429 0 0 0 JEREMY SHAFFER AREA MAINTENANCE MAN 139214 0 0 0 131 0 6417 0 37186 0 182948 0 0 0 BRANDON DOYLE CONSTRUCTION FOREMAN 151005 0 0 0 98 0 4719 0 22616 0 178438 0 0 0 CARSON GRAY JOURNEYMAN LINEMAN 143984 0 0 0 60 0 3693 0 13415 0 161152 0 0 0 SCHEDULE J, PART II, COLUMN C COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. THE CHANGES IN ACTUARIAL VALUE ARE AS FOLLOWS: - BRETT ORME $101,362 - CRYSTAL BUTLER $34,504 - DENNIS DOLAN $102,738 - JEREMY SHAFFER $4,521 - BRANDON DOYLE $2,759 - BRYAR BARRS $3,621 - CARSON GRAY 2,022 THE ACTUAL EXPENSES TO THE COOPERATIVE ARE AS FOLLOWS: - BRETT ORME $60,858 - CRYSTAL BUTLER $33,177 - DENNIS DOLAN $31,336 - JEREMY SHAFFER $19,425 - BRANDON DOYLE $20,083 - BRYAR BARRS $18,173 - CARSON GRAY $16,433 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS ONE CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE COOPERATIVE VOTE TO ELECT DISTRICT OFFICERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY NOT SELL, MORTGAGE, LEASE OR OTHERWISE DISPOSE OF OR ENCUMBER ALL OR ANY SUBSTANTIAL PORTION OF ITS PROPERTY WITHOUT APPROVAL OF THE MAJORITY OF THE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE DOES NOT UTILIZE AN EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS GIVEN TO THE BOARD AND ALSO REVIEWED BY THE CEO AND CFO. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY SITUATIONS THAT DO OR COULD CREATE A CONFLICT OF INTEREST. POTENTIAL CONFLICTS ARE REPORTED TO THE UNIMPACTED GENERAL MANAGER OR BOARD TRUSTEE. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER A CONFLICT EXISTS. IF IT'S DETERMINED THERE IS A REAL OR APPARENT CONFLICT OF INTEREST, THE COOPERATIVE WILL DISQUALIFY THE AFFECTED INDIVIDUAL FROM ACTING ON ANY MATTER OR PARTICIPATING IN ANY DECISION(S) THAT COULD BE IMPACTED BY THE CONFLICT. FAILURE BY THE AFFECTED PERSON TO COMPLY WITH THE CONFLICT OF INTEREST POLICY SUBJECTS THE INDIVIDUAL TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION, IF SO WARRANTED BY THE OFFENSE. FORM 990, PART VI, SECTION B, LINE 15A THE COOPERATIVE USES STATEWIDE AND NATIONAL COMPARATIVE DATA ANNUALLY FOR DETERMINING COMPENSATION FOR THE CEO, THE CFO, AND THE EMPLOYEES. THE DETERMINATION OF COMPENSATION IS MADE BY INDEPENDENT PERSONS AND IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL MEETING NEWSLETTER AND UPON REQUEST. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -942,841. GAIN ON ACCUM. POST-RETIREMENT BENEFIT OBLIGATION 345,274. AMORT. OF ACCUM. POST-RETIREMENT BENEFIT OBLIGATION -128,929. MEMBERSHIPS - NET CHANGE 25. CHANGE IN OTHER EQUITIES 244,533. ALLOCATION OF 2024 MARGINS TO MEMBERS IN 2025 3,313,309.