2026-05-05T11:08:23-04:00 2025-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2025-01-01 570184136 HORRY ELECTRIC COOPERATIVE INC HORR 8433692211 PO BOX 119 CONWAY SC 295280119 J REED COOPER CEO - (INCOMING) 8433696353 2026-05-04 true H TERRELL MCMICHAEL JR P01259982 4787466277 2026-05-05 2025 2025-03-06 01:10:19Z ATTN KISHA ROBERTS J REED COOPER PO BOX 119 CONWAY SC 29528 220610363 false X X 1940 SC HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS. 9 9 198 0 0 208713702 213909593 2479587 1677926 4546320 5022844 215739609 220610363 0 36918488 13530975 772240 1059495 0 0 178048881 206019893 215739609 220610363 0 479146872 516391266 257401148 284960871 221745724 231430395 HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS. false false N/A false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 89 0 true 198 true false false false false false 209960552 2737494 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false SC X KISHA ROBERTS 8433692211 2774 CULTRA ROAD CONWAY SC 29526 JOHNNY SHELLEY PRESIDENT 10.85 X X 18727 0 0 EUGENE HARRIOTT JR VICE PRESIDE 12.31 X X 34355 0 0 ELAINE GORE SEC/TREASURE 9.69 X X 18682 0 0 FREDDY THOMPKINS TRUSTEE 9.31 X 27523 0 0 FRANKIE BLANTON SR TRUSTEE 10.73 X 25386 0 0 RONALD H FLOYD TRUSTEE 11.67 X 29634 0 0 AARON JOHNSON TRUSTEE 12.12 X 23437 0 0 JODY PRINCE TRUSTEE 9.15 X 20994 0 0 DEBORAH GIVENS TRUSTEE 10.88 X 32081 0 0 CLYDE ASHLEY ANDERSON TRUSTEE 6.80 X 3289 0 0 J REED COOPER CEO - (INCOM 50.00 X 276234 0 139794 DANIEL B SHELLEY CEO - (OUTGO 50.00 X 397423 0 11936 JAMES P HOWLE FORMER CEO X 154913 0 0 KISHA ROBERTS CFO 50.00 X 205671 0 120476 BURROUGHS W NOBLES MANAGER OF O 50.00 X 200121 0 118402 CHRISTOPHER TEEMS MGR-SPECIAL 50.00 X 198635 0 117353 KEVIN JORDAN SUPVR ENGINE 50.00 X 204856 0 114646 JODI JORDAN OFFICE MANAG 50.00 X 191474 0 114446 2063435 737053 80 true true false LEE ELECTRICAL CONSTRUCTION INC 12828 US-501 ABERDEEN NC 28315 CONSTRUCTION 7063600 SUMTER UTILITIES PO BOX 579 SUMTER SC 29151 CONSTRUCTION 2616109 XYLEM TREE EXPERTS 208 E PLUME ST SUITE 250 NORFOLK VA 23510 ROW 1733647 RIVER CITY CONSTRUCTION INC PO BOX 1420 WASHINGTON NC 27889 CONSTRUCTION 1273091 DAVIS CONSTRUCTION UTILITIES 1230 LARRIMORE DR MANNING SC 29102 CONSTRUCTION 1136781 14 ELECTRIC REVENUE 221000 210443821 210443821 OTHER CAPITAL CREDITS 221000 1578756 1578756 G & T CAPITAL CREDITS 221000 1235764 1235764 POLE RENTAL 221000 651252 651252 213909593 1677926 1677926 NON-OP. COMPONENTS OF PR MED. 221000 4937533 4937533 GAIN / LOSS DISPOSITION OF PR 221000 64801 64801 MISC NON-OPERATING INCOME 221000 20510 20510 5022844 220610363 218281185 2329178 13530975 1059495 1087623 4657268 13741148 PURCHASED POWER 143702321 DISTRIBUTION OPERATIONS 15249635 DISTRIBUTION MAINTENANCE 10807949 CUSTOMER SVC & INFO. EXP 8976596 7797353 220610363 0 0 0 68593217 56779791 26275512 30334602 11659152 11356446 2322589 2460768 536640986 165159544 331807095 371481442 20852206 22880894 17637101 21097323 479146872 516391266 31037942 37350404 61765271 56470693 158184304 184311995 6413631 6827779 257401148 284960871 X 408900 429925 221336824 231000470 221745724 231430395 479146872 516391266 X 0 9684671 X false true X true false 6536938 6536938 16321226 7600183 8721043 513782822 157559361 356223461 371481442 CONSUMER DEPOSITS 6827779 6827779 223610363 3000000 3000000 220610363 220610363 207079388 207079388 13530975 13530975 220610363 SCHEDULE D, PAGE 4, PART XI, LINE 2D ASC 980- DEFERRED REVENUE 3,000,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 13,530,975 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT RECORDS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X X false true false J REED COOPER CEO - (INCOMING) 269558 1024 5652 100040 39754 416028 DANIEL B SHELLEY CEO - (OUTGOING) 22488 374935 11924 12 409359 JAMES P HOWLE FORMER CEO 154913 154913 154913 KISHA ROBERTS CFO 202539 1015 2117 81925 38551 326147 BURROUGHS W NOBLES MANAGER OF OPERATION 196415 1015 2691 79988 38414 318523 CHRISTOPHER TEEMS MGR-SPECIAL SERVICES 194401 1015 3219 79011 38342 315988 KEVIN JORDAN SUPVR ENGINEER 197692 1015 6149 76456 38190 319502 JODI JORDAN OFFICE MANAGER 190173 1022 279 76293 38153 305920 SCHEDULE J, PAGE 1, PART I, LINE 4 JAMES P. HOWLE 0 154,913 0 SCHEDULE J, PART III THE COOPERATIVE HAS ESTABLISHED AND SPONSORED TWO DEFERRED COMPENSATION PLANS. ELIGIBLE EMPLOYEES ARE DEFINED AS HIGHLY COMPENSATED INDIVIDUALS WITHIN THE DEFINITION OF IRC SECTION 414(Q). THE SECOND OF THE TWO PLANS (EBR)PROVIDES THE CORPORATION WITH A VEHICLE TO CONTINUE CONTRIBUTIONS VIA ITS EMPLOYER RETIREMENT CONTRIBUTION TO THE HIGHLY COMPENSATED EMPLOYEES WHOSE COMPENSATION EXCEEDS THE INTERNAL REVENUE SERVICE SALARY LIMITS ON RETIREMENT PLAN CONTRIBUTIONS UNDER IRC SECTION 401(A)(17). THE ANNUAL DEFERRAL TO THE TWO DEFERRED COMPENSATION PLANS IS CALCULATED IN ACCORDANCE WITH IRC SECTION 457, SUBJECT TO CHANGES UNDER IRC SECTION 457(B). THE COOPERATIVE HAD REPORTED PAYMENTS MADE FOR THE EBR PLAN IN THE CURRENT YEAR AS A COMPONENT OF COMPENSATION IN COLUMN (B) (III). COMPENSATION PREVIOUSLY REPORTED IN COLUMN (C) ON PRIOR YEAR IRS FORM 990 FILINGS HAS BEEN REPORTED IN COLUMN (F) OF THE 2025 FORM 990 IN ACCORDANCE WITH APPLICABLE DISCLOSURE REQUIREMENTS. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVALIABLE ON THE COOPERATIVE'S WEBSITE. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED THROUGH THE USE OF A COMPENSATION SURVEY AND PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE MEMBER-ELECTED BOARD THROUGH THE USE OF A COMPENSATION SURVEY AND PERFORMANCE REVIEW CONDUCTED BY THE CEO. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES CONFLICT OF INTEREST POLICY, AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. IN ADDITION, THE COOPERATIVE'S BYLAWS ARE AVAILABLE ON ITS WEBSITE. FORM 990, PART XI, LINE 9 MEMBERSHIPS 21,025 RETAINED CAPITAL/NET SAVINGS 978,800 PATRONAGE CAPITAL ALLOCATIONS/ASSIGNMENTS 13,530,975 ASC 980 - DEFERRED REVENUE 3,000,000 PATRONAGE CAPITAL RETIRED -7,846,129 TOTAL 9,684,671 HORRY ELECTRIC TRUST PO BOX 119 CONWAY SC 292580119 576148364 CHARITY SC 3 7 NA false false false false false false false false false false false false false false false true false false false false HORRY ELECTRIC TRUST O 6636 FMV SCHEDULE R THE CORPORATION'S MEMBERS CAN PARTICIPATE IN AN OPERATION ROUNDUP PROGRAM AND HAVE THEIR ELECTRIC BILL ROUNDED TO THE NEXT HIGHEST WHOLE DOLLAR EACH MONTH. THESE FUNDS ARE TREATED AS CONTRIBTUIONS TO HORRY ELECTRIC TRUST (THE TRUST), A NONPROFIT 501(C)(3) ORGANIZATION. THE TRUST MAINTAINS A SEPARATE BOARD OF DIRECTORS WHICH APPROVES CHARITABLE ASSISTANCE TO THE AREAS SERVED BY HORRY ELECTRIC COOPERATIVE. THE TRUST HAS NO EMPLOYEES. THE TRANSACTIONS BETWEEN THE CORPORATION AND THE TRUST REPORTED ON SCHEDULE R, PART V REPRESENT THE VALUE OF THE SERVICES DONATED BY THE CORPORATION TO THE TRUST.