2025-12-02T12:44:58-06:00 2025-06-30 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2024-07-01 630224987 Joe Wheeler Electric Membership Corporation JOEW 2565522300 PO Box 460 Trinity AL 356730460 Justin Owens CFO 2565522300 2025-11-26 1 1 Richard B Compton P03317491 3348347660 2025-11-24 2024 2025-03-06 01:10:19Z Gene Kanikovsky PO Box 460 Trinity AL 356730460 219188288 0 X www.jwemc.org X 1937 AL To provide electric utility service to the cooperative's members. 10 10 115 0 8580260 353 0 0 180507866 208665149 400670 501233 6909754 10021906 187818290 219188288 27500 30000 7187183 13025263 816229 1076863 0 0 0 178343234 206233256 186374146 220365382 1444144 -1177094 399473384 407116755 269069233 263648352 130404151 143468403 Joe Wheeler EMC is committed to providing efficient, reliable utility services that enhance the lives and businesses and exceed the expectations of members and customers in Lawrence and Morgan Counties and surrounding communities. 0 0 Utilizing approximately 4,428 miles of distribution lines, Joe Wheeler Electric Membership Corporation provided 1,919,749,085 kilowatt-hours of electric energy to its cooperative members located in North Alabama. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 43 0 1 115 1 1 1 0 0 0 0 206023090 11306361 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Justin Owens 2565522345 25700 Alabama Hwy 24 Trinity AL 35673 Linda Owens Director 8.00 X 10769 0 0 Charles Teague Director 6.00 X 10427 0 0 Shirley Livingston Director 7.00 X 10293 0 0 Ray Long Director/President 8.00 X X 11262 0 0 Andrew McCay Director 8.00 X 627 0 0 Jimmie Halbrooks Director 8.00 X 10043 0 0 Ricky Knouff Director 8.00 X 11562 0 0 Milton Taylor Director/Sec/Treas 7.00 X X 11362 0 0 Joseph Dutton Director 5.00 X 10762 0 0 Sandy Fields Director/Vice President 6.00 X X 11062 0 0 Michael Penney Director 5.00 X 8765 0 0 Patrick D Holmes Chief Financial Officer 50.00 X 366578 0 169780 Eugene V Kanikovsky CEO/General Manager 63.00 X 314068 0 119501 Austin B Kritner Journeyman Lineman 62.00 X 197819 0 37106 Ken McGee Director of Engineering 55.00 X 186049 0 110983 Donald J Pace II Journeyman Lineman 62.00 X 198667 0 45431 Jeremiah Engle Equipment Serviceman 57.00 X 176975 0 53543 Anthony Smith Journeyman Lineman 56.00 X 171569 0 37661 George B Kitchens Former CEO/General Manager 0.00 X 174405 0 0 1893064 0 574005 72 1 1 0 Broadband Technical Resc Inc 152 Molly Walton Dr Hendersonville TN 37075 Fiber Line Construction 3662758 Goss Electrical Co Inc 137 Woodall Road Decatur AL 35601 Electrical Services 2333217 Tree Professional Inc 35300 County Road 8 Florence AL 35634 Right of Way Clearing 2222878 SDT Solutions LLC PO Box 554 Brookhaven MS 39602 Fiber Line Construction 2066689 Power Grid Services 2350 Hwy 31 Northwest Hartselle AL 35640 Line Construction / ROW 1326048 17 Sales of Electricity 221000 206016821 206016821 Patronage Dividends 221000 2648328 2648328 208665149 501233 442933 58300 9487416 0 9487416 9487416 7628580 1858836 Billing and Collection 561000 508747 508747 Miscellaneous Revenue 221000 25743 25743 534490 219188288 208665149 8580260 1942879 X 30000 13025263 1076863 10314898 16341160 Cost of Power 144976535 Distribution-Maintenanc 16387767 Consumer Accounts Exp 5221321 Taxes 4922431 8069144 220365382 8467102 4908339 25022860 27040290 1402805 988632 12439167 9882712 119158 87936 475140089 143539260 323643884 331600829 17820077 20597370 10558331 12010647 399473384 407116755 33616054 38961215 219474270 208053715 15978909 16633422 269069233 263648352 X 0 0 0 0 130404151 143468403 130404151 143468403 399473384 407116755 X -1177094 14241346 X 0 1 X 1 0 1685876 1685876 6183209 3231775 2951434 467271004 140307485 326963519 331600829 Investment in Wheeler Basin Natural Gas Co., Inc. 20597370 C 20597370 Customer Deposits 5817224 TVA Advances 994509 Postretirement Benefit Liability 9821689 16633422 X Part X, Line 2: Management evaluated the Corporation's tax positions and concluded that the Corporation had taken no uncertain tax positions that require adjustment to the financial statements. 1 J. R. Knouff Scholarships - Ten students receive a $2,000 scholarship to be used at the school of their choice. This scholarship is for high school seniors or first-year college students. 10 20000 Youth Tour - This is an all expense paid, three day trip to Montgomery for high school juniors. Following an application process, if chosen, he/she will also receive a $500 scholarship. 10 10000 Part I, Line 2: The scholarship awards are transferred directly to the student's educational institution where the student must meet certain grade qualifications in order to receive the amounts that were awarded to him or her. X X X X X 0 0 0 Patrick D Holmes Chief Financial Officer 364986 0 0 0 1592 0 141086 0 28694 0 536358 0 0 0 Eugene V Kanikovsky CEO/General Manager 311460 0 0 0 2608 0 89424 0 30077 0 433569 0 0 0 Ken McGee Director of Engineering 184756 0 0 0 1293 0 82876 0 28107 0 297032 0 0 0 Donald J Pace II Journeyman Lineman 198493 0 0 0 174 0 18106 0 27325 0 244098 0 0 0 Austin B Kritner Journeyman Lineman 197715 0 0 0 104 0 9781 0 27325 0 234925 0 0 0 Jeremiah Engle Equipment Serviceman 176796 0 0 0 179 0 26187 0 27356 0 230518 0 0 0 Anthony Smith Journeyman Lineman 171430 0 0 0 139 0 10336 0 27325 0 209230 0 0 0 George B Kitchens Former CEO/General Manager 174405 0 0 0 0 0 0 0 0 0 174405 0 0 0 Form 990, Part VI, Section A, line 6 Joe Wheeler Electric Membership Corporation is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the corporation's bylaws. Form 990, Part VI, Section A, line 7a Joe Wheeler EMC's Board of Directors is comprised of ten directors that are elected by the membership of the cooperative at a scheduled annual meeting each year. Each board member serves a three year term. Nine of the board members represent a certain district within the territory served by the cooperative. One board member is elected at large. The terms are staggered in order for the cooperative to only have three or four directors up for election in any one year. 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 reviewed extensively by the CFO and the CEO/General Manager before the return is filed. A member of the accounting firm who assisted in the preparation of the Form 990 attended a board meeting and presented the Form 990 to the directors before it was filed. Each director was given a copy of the return to review as it was being discussed by the tax preparer. Form 990, Part VI, Section B, line 12c Each board member and key employee is required to fill out a conflict of interest certificate each year at the reorganization meeting stating his/her compliance. It is the General Manager's responsibility to provide assistance to the board to assure compliance with the conflict of interest policy. It is the responsibility of the board to review compliance with this policy and to counsel with any board member or employee, as the situation may require. Form 990, Part VI, Section B, line 15 Joe Wheeler EMC has a salary administration policy for management employees that clearly establishes the yearly procedures that must be followed in order to establish compensation for the cooperative's employees. Form 990, Part VI, Section C, line 19 We will issue a copy of our bylaws upon request. We will allow our policies to be viewed upon request. We mail to each member of the cooperative a copy of our annual report each year which includes a full copy of our entire audit report for that current fiscal year. Form 990, Part IX, Line 4 The instructions to the Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. Joe Wheeler Electric Membership Corporation has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Joe Wheeler Electric Membership Corporation assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assigned to the members for the fiscal year. Form 990, Part XI, line 9: Utility tax refund assigned directly to members 187,607. Amortization of unrecognized actuarial loss -182,237. Loss of Subsidiaries - Equity method 1,177,098. Net Gain arising during the year 33,615. Patronage allocation - margins assigned/allocated to members 13,025,263. Wheeler Basin Natural Gas Company Inc 24738 AL Hwy 24 Trinity AL 35673 631161116 Natural Gas Distributor AL Joe Wheeler Electric Membership Corporation C 3159398 13566293 1.00000 1 JWEMC Communications LLC PO Box 460 Trinity AL 35673 364964955 Broadband Data Service Provider AL Joe Wheeler Electric Membership Corporation C 15561322 8118840 1.00000 1 1 0 0 1 0 1 0 0 0 0 0 0 0 1 1 0 1 1 0 Wheeler Basin Natural Gas Company Inc A 1164 Rent Wheeler Basin Natural Gas Company Inc N 96590 Allocations Wheeler Basin Natural Gas Company Inc O 91920 Allocations Wheeler Basin Natural Gas Company Inc Q 415740 Expenses paid on their behalf Wheeler Basin Natural Gas Company Inc R 4295600 Revenue Billing JWEMC Communications A 8070349 Interest/Rent JWEMC Communications D 1660197 Intercompany Loan JWEMC Communications Q 572842 Expenses Paid on their behalf JWEMC Communications O 305897 Allocations JWEMC Communications F 7400000 Return of Cash Wheeler Basin Natural Gas Company Inc D 2500000 Short Term Loan