2025-11-10T15:42:39-06:00 2024-12-31 341310124 REA & ASSOCIATES INC 5400 FRANTZ RD SUITE 200 DUBLIN OH 43016 990 2024-01-01 340294570 HOLMES-WAYNE ELECTRIC COOPERATIVE INC HOLM 3306741055 PO BOX 112 MILLERSBURG OH 446540112 GLENN W MILLER PRESIDENT & CEO 3306741055 2025-11-03 1 1 MELISSA DUNKLE CPA P01380769 6148898725 2025-10-29 2024 2025-03-06 01:10:19Z GLENN W MILLER PO BOX 112 MILLERSBURG OH 446540112 57149969 0 X WWW.HWECOOP.COM X 1935 OH SINCE BEING ESTABLISHED IN 1935 IN MILLERSBURG, OH, HOLMES-WAYNE ELECTRIC COOPERATIVE, INC. HAS BEEN OPERATING AS A NON-PROFIT ELECTRIC DISTRIBUTION UTILITY. OUR MISSION IS TO SAFELY PROVIDE RELIABLE, COMPETITIVELY-PRICED ELECTRIC SERVICE FOR OUR MEMBER-OWNERS TO ENHANCE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE WHILE EMBRACING COOPERATIVE PRINCIPLES AND VALUES. 9 0 48 0 0 0 0 0 0 54353399 76996 139731 22831431 1411169 22908427 55904299 20200 20200 3661561 4157176 6718170 7052753 0 0 0 12508496 44674170 22908427 55904299 0 0 113073421 119174503 64593181 68038955 48480240 51135548 X SEE SCHEDULE O 0 0 OUR LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS THE DISTRIBUTION OF ELECTRICITY TO THE RURAL AREAS OF EIGHT COUNTIES IN NORTHEAST OHIO. WE HAVE SERVED OVER 17,900 ACCOUNTS WITH MORE THAN 2,300 MILES OF DISTRIBUTION LINES AND 18 SUBSTATIONS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 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 1 0 0 1 85 0 1 48 1 0 0 0 0 0 54353399 1550901 0 0 0 X 9 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CASEY WAGNER 3306741055 6060 SR 83 MILLERSBURG OH 44654 RANDY SPRANG CHAIRMAN 3.10 X X 12530 0 0 JACKIE MCKEE VICE CHAIRMAN 2.90 X X 10815 0 0 BARRY JOLLIFF SECRETARY/TREASURER 3.50 X X 12875 0 0 DAVID TEGTMEIER TRUSTEE 4.00 X 13390 0 0 JONATHAN BERGER TRUSTEE 2.40 1.00 X 9270 0 0 RONNIE R SCHLEGEL TRUSTEE 5.50 X 15965 0 0 CHRISTOPHER R YOUNG TRUSTEE 2.50 X 11845 0 0 GARY GRAHAM TRUSTEE 3.40 X 10300 0 0 LISA GRASSBAUGH TRUSTEE 2.20 X 9270 0 0 GLENN W MILLER PRESIDENT & CEO 40.20 1.00 X 335265 0 123183 CASEY L WAGNER CFO 40.10 X 134687 0 69027 JOHN C PORTER ASST MANAGER & ENGINEER 40.00 X 200229 0 93279 ROBYN TATE HR/PR 41.10 1.00 X 131107 0 55480 MICHEAL MAURER CLASS A LINEMAN 46.60 X 128879 0 53452 JOSH JOHNSON CLASS A LINEMAN 46.70 X 128559 0 56512 STACEY SHAW OPERATIONS SUPER. 40.60 X 136818 0 72596 SEAN STEWART CLASS A LINEMAN 47.00 X 128385 0 56512 1430189 0 580041 8 0 1 0 NEW RIVER ELECTRICAL CORPORATION PO BOX 70 CLOVERDALE VA 24077 LINE CONSTRUCTION 2585561 ASPLUNDH TREE EXPERT LLC 1700 SOLUTIONS CTR CHICAGO IL 60677 TREE TRIMMING 1565106 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 SOFTWARE SERVICES 214928 PROTEC TERRA LLC 4861 KEATS GROVE LN LEXINGTON KY 40513 VEGETATION CONTROL 124674 USIC LOCATING SERVICES INC PO BOX 715409 CINCINNATI OH 45271 UNDERGROUND LOCATING SERVICE 101627 5 ELECTRICITY TO MEMBERS 221000 54353399 54353399 54353399 103668 103668 119 119 414028 0 414028 414028 414028 1281733 1245670 36063 36063 36063 GENERATION CAPITAL CREDITS 221000 838131 838131 OTHER CAPITAL CREDITS 221000 158891 158891 997022 55904299 54353399 0 1550900 X 20200 4157176 776441 3758052 1140637 1051811 325812 11592 37000 17567 22415 370140 208019 77507 75163 53621 1910401 3293573 88057 PURCHASED POWER 32969997 TAXES-UTIL. & PROPERTY 3154726 OPERATING & MAINTENANCE 1845823 CONSUMER ACCOUNTS EXPEN 332371 206198 55904299 71641 6512 507875 1411187 5930187 7116850 1351194 1769217 214441 228442 111369826 29494545 79842823 81875281 22674184 22406965 87372 80792 2393704 4279257 113073421 119174503 5921654 6545976 57834228 60568318 837299 924661 64593181 68038955 X 48480240 51135548 0 0 0 0 48480240 51135548 113073421 119174503 X 0 2655308 X X 0 1 X 1 0 1426793 1426793 4813072 1845732 2967340 5987292 4047646 1939646 99142669 23601167 75541502 81875281 COOPERATIVE RESPONSE CENTER 25556 C FEDERATED RURAL ELECTRIC INSURANCE 196990 C HEARTLAND EMERGENCY EQUIPMENT, LTD 238717 C NATIONAL INFORMATION SOLUTIONS CORP 115565 C NATIONAL RURAL UTILITIES COOPERATIV 839236 C OTHER INVESTMENTS 200000 C UNITED UTILITY SUPPLY 715209 C BUCKEYE POWER, INC. 20075692 C 22406965 CONSUMER DEPOSITS 109255 CONSTRUCTION DEPOSITS 44040 PROVISION POST-RETIREMENT BENEFITS 771366 924661 X 55901763 0 55901763 2536 2536 55904299 51744587 0 51744587 4159712 4159712 55904299 PART X, LINE 2: THE COOPERATIVE IS A RURAL ELECTRIC COOPERATIVE EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C) (12). ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. AN INFORMATIONAL TAX RETURN, FORM 990, IS PREPARED AND FILED EACH YEAR WITH THE INTERNAL REVENUE SERVICE. THE COOPERATIVE PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE, RESPECTIVELY, THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAX BENEFITS. INTEREST AND PENALTIES WOULD BE RECORDED AS OPERATING EXPENSES WHEN THEY ARE INCURRED. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE FROM MERCHANDISING REPORTED ON 990, PART VIII, LINE 10A 2,536. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE FROM MERCHANDISING REPORTED ON 990, PART VIII, LINE 10A 2,536. PATRONAGE DIVIDENDS ALLOCATED FOR CURRENT TAX YEAR 4,157,176. 1 EDUCATIONAL SCHOLARSHIPS TO STUDENTS PURSUING HIGHER EDUCATION. 10 20200 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO AT LEAST 10 RECIPIENTS FOLLOWING A SCREENING PROCESS BY INDEPENDENT JUDGES. AWARDS ARE GIVEN TO HIGH SCHOOL SENIORS WHO LIVE IN THE COOPERATIVE SERVICE TERRITORY WHO PLAN TO PURSUE FURTHER EDUCATION. FORM 990, SCHEDULE I, PART III 1ST PLACE IS AWARDED $3,000, 2ND PLACE IS AWARDED $2,800, 3RD PLACE IS AWARDED $2,500, 4TH PLACE IS AWARDED $2,000, 5TH PLACE IS AWARDED $1,900, 6TH PLACE IS AWARDED $1,800, 7TH PLACE IS AWARDED $1,700, 8TH PLACE IS AWARDED $1,600, 9TH PLACE IS AWARDED $1,500 AND 10TH PLACE IS AWARDED $1,400. X X X X 0 0 0 GLENN W MILLER PRESIDENT & CEO 329007 0 0 0 6258 0 105507 0 17676 0 458448 0 0 0 JOHN C PORTER ASST MANAGER & ENGINEER 196016 0 0 0 4213 0 66447 0 26832 0 293508 0 0 0 STACEY SHAW OPERATIONS SUPER. 133741 0 0 0 3077 0 45764 0 26832 0 209414 0 0 0 CASEY L WAGNER CFO 131634 0 0 0 3053 0 45255 0 23772 0 203714 0 0 0 ROBYN TATE HR/PR 128197 0 0 0 2910 0 43564 0 11916 0 186587 0 0 0 JOSH JOHNSON CLASS A LINEMAN 126614 0 0 0 1945 0 26620 0 29892 0 185071 0 0 0 SEAN STEWART CLASS A LINEMAN 126448 0 0 0 1937 0 26620 0 29892 0 184897 0 0 0 MICHEAL MAURER CLASS A LINEMAN 126900 0 0 0 1979 0 26620 0 26832 0 182331 0 0 0 FORM 990, PART III, LINE 1 THE MISSION OF HOLMES-WAYNE ELECTRIC COOPERTATIVE, INC. IS TO SAFELY PROVIDE RELIABLE, COMPETITIVELY-PRICED ELECTRIC SERVICE FOR OUR MEMBER-OWNERS TO ENHANCE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE WHILE EMBRACING COOPERATIVE PRINCIPLES AND VALUES. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS OWNED AND OPERATED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE COOPERATIVE ELECT A NINE MEMBER BOARD OF TRUSTEES TO OVERSEE THE MANAGEMENT OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES THE TAX RETURN ANNUALLY. ONCE THE RETURN HAS BEEN ASSEMBLED AND COMPLETED BY THE ACCOUNTING FIRM, A DRAFT COPY IS SENT OR DELIVERED TO THE FILING ORGANIZATION. THE RETURN IS THEN SENT TO EACH BOARD MEMBER BEFORE THE MONTHLY MEETING. THIS IS DESIGNED TO ALLOW FOR INDIVIDUAL REVIEW TIME BEFORE THE ENTIRE BOARD ASSEMBLES FOR THEIR MONTHLY MEETING TO REVIEW THE TAX RETURN AS A GROUP. THE BOARD WILL ADDRESS ANY QUESTIONS, AND PROPOSE NECESSARY REVISIONS IF NEEDED PRIOR TO FILING THE RETURN WITH THE APPROPRIATE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE MONITORS ITS CONFLICT OF INTEREST POLICY BY REQUIRING ITS EMPLOYEES AND BOARD OF TRUSTEES TO COMPLETE A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ANNUALLY. BY DOING SO, THE BOARD IS MADE AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE AND ENFORCES COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO/PRESIDENT'S COMPENSATION IS DECIDED BY THE BOARD OF TRUSTEES BY EVALUATING THE CEO/PRESIDENT'S PERFORMANCE AND BY USING A COMPENSATION SURVEY ON COMPARABLE COOPERATIVES IN THE STATE, REGION, & NATION. THE COMPENSATION STATISTICS CAN BE COMPARED BASED ON THE SIZE, REVENUES, NUMBER OF METERS, & ETC. OF A COOPERATIVE. COMPENSATION FOR THE COOPERATIVE'S ASST. MANAGER/ENGINEER AND ACCOUNTING MANAGER IS BASED ON ANNUAL PERFORMANCE REVIEWS AND INDUSTRY DATA TRENDS, WITH A FINAL DECISION MADE BY THE CEO/PRESIDENT. EACH OF THE THREE OFFICERS' COMPENSATION IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAINTAINS PERTINENT PUBLIC RECORDS AND RELEASES THEM TO THE PUBLIC BY REQUEST. THE ORGANIZATION'S MOST RECENTLY FILED TAX RETURNS ARE ALSO AVAILABLE FOR VIEWING ON-LINE AT <WWW.GUIDESTAR.ORG>. FORM 990, PART IX, LINE 4 TREATMENT OF CAPITAL CREDITS: IRS HAS SPECIFIC INSTRUCTIONS FOR REPORTING CAPITAL CREDITS FOR UTILITY COMPANIES. ACCORDINGLY, THE FILING ORGANIZATION IS NOTING THAT IT IS REPORTING ITS PATRONAGE ALLOCATED CAPITAL CREDITS AS EXPENSES ON FORM 990, PART IX, LINE 4 BEGINNING WITH TAX YEAR 2011. THE ORGANIZATION IS ALSO NOTING THAT THE RETIRED PATRONAGE CAPITAL CREDITS ARE STILL BEING SHOWN AS AN OTHER ASSET ADJUSTMENTS AND ARE NOTED IN DETAIL ON SCHEDULE D, PAGE 5, AND ALSO ON SCHEDULE O. FORM 990, PART XI, LINE 9: UNCLAIMED RETIRED CAPITAL CREDITS -1,676,767. CHANGE IN DONATED CAPITAL 89,955. CHANGE IN RETIRED CAPITAL CREDITS - 80,444. PATRONAGE DIVIDENDS ALLOCATED - CY 4,157,176. OTHER EQUITY - FASB 158 ADJ 4,500. FORM 990, PART XI, LINE 2C IT IS THE RESPONSIBILITY OF THE 9 DIRECTORS ON THE BOARD TO OVERSEE ANY AUDITS, REVIEWS, OR COMPILATIONS OF FINANCIAL STATMENTS AND TO SELECT AN INDEPENDENT ACCOUNTANT. THIS POLICY HAS NOT CHANGED SINCE THE PRIOR YEAR. HOLMES-WAYNE ELECTRIC FOUNDATION INC PO BOX 112 MILLERSBURG OH 446540112 203973508 PROVISION OF CHARITABLE & BENEVOLENT FUNDING FOR THE COMMUNITY OH 501(C)(3) LINE 11 HOLMES-WAYNE ELECTRIC COOPERATIVE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 HOLMES-WAYNE ELECTRIC FOUNDATION INC R 51176 COST VALUE