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Shelby Electric Cooperative

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$38.4M (2022)

Expenses
$38.4M (2022)

Total Assets
$82.6M (2022)

Total Liabilities
$30.7M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,433,374
Expenses
$38,433,374
Net Income
$0
Net Assets
$51,897,354
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,265,354
94.4%
Investment Income $151,122
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $73,550
0.2%
Net Fundraising $0
Sales of Assets -$31,852
Net Inventory Sales $0
Other Revenue $1,975,200
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $756,683
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $548,520
1.4%
Assets/Debt
Total Assets $82,582,936
Total Liabilities $30,685,582
Net Assets $51,897,354
Club or Co-Op Income
Income From Members $36,587,326
Income From Other Sources $2,422,368
Compensation
Key Employees and Officers Compensation Related Other
Josh M Shallenberger (Ceo) $249,231 $0 $151,852
James A Matlock (Coo) $138,708 $0 $24,378
Terry L Oldham (Operations) $129,286 $0 $23,879
Brian R Chevalier (Operations) $123,275 $0 $77,328
Roger W Jones (Operations) $122,061 $0 $72,691
Troy L Hatfield (Controller) $97,059 $0 $49,355
Robert Holthaus (Director) $12,800 $0 $0
Brent Lively (Director) $5,400 $0 $0
Scott Ohmes (Director) $4,800 $0 $0
Brian Halbrook (Director) $4,500 $0 $0
Greg Mackling (Director) $4,500 $0 $0
David Keown (Director) $4,200 $0 $0
Larry Durbin (Director) $3,000 $0 $0
John Gardner (Director) $2,700 $0 $0
Rob Bullock (Director) $2,400 $0 $0
Katie Ohmes (Director) $1,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,550,827
Expenses
$36,550,827
Net Income
$0
Net Assets
$48,489,775
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,294,337
96.6%
Investment Income $117,197
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $65,430
0.2%
Net Fundraising $0
Sales of Assets -$35,941
Net Inventory Sales $0
Other Revenue $1,109,804
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $706,543
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $561,383
1.5%
Assets/Debt
Total Assets $76,941,402
Total Liabilities $28,451,627
Net Assets $48,489,775
Club or Co-Op Income
Income From Members $35,188,933
Income From Other Sources $2,262,800
Compensation
Key Employees and Officers Compensation Related Other
Josh M Shallenberger (Ceo) $241,632 $0 $136,971
James A Matlock (Coo) $134,422 $0 $23,056
Brian R Chevalier (Operations) $127,733 $0 $83,803
Terry L Oldham (Operations) $125,247 $0 $22,570
Bradley R Wright (Operations) $123,401 $0 $78,629
Troy L Hatfield (Controller) $89,258 $0 $46,529
Robert Holthaus (Director) $7,225 $0 $0
David Keown (Director) $5,400 $0 $0
Brent Lively (Director) $5,025 $0 $0
Katie Ohmes (Director) $3,900 $0 $0
Greg Mackling (Director) $3,600 $0 $0
Larry Durbin (Director) $3,450 $0 $0
Brian Halbrook (Director) $2,700 $0 $0
Bennie Clawson (Director) $1,800 $0 $0
Pam Rincker (Director) $1,575 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,473,892
Expenses
$37,473,892
Net Income
$0
Net Assets
$45,579,152
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,198,976
3.2%
Program Services $34,950,245
93.3%
Investment Income $146,827
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $68,068
0.2%
Net Fundraising $0
Sales of Assets -$30,869
Net Inventory Sales $0
Other Revenue $1,140,645
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $659,640
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $982,798
2.6%
Assets/Debt
Total Assets $76,480,054
Total Liabilities $30,900,902
Net Assets $45,579,152
Club or Co-Op Income
Income From Members $34,651,787
Income From Other Sources $2,353,353
Compensation
Key Employees and Officers Compensation Related Other
Josh M Shallenberger (Ceo) $234,479 $0 $114,707
Jerry L Johnston (Operations) $140,671 $0 $70,005
Jacob B Kull (Operations) $139,352 $0 $52,779
Roger W Jones (Operations) $137,549 $0 $58,700
Matthew E Clark (Operations) $136,817 $0 $59,790
Blake R Knearem (Lineman) $136,077 $0 $51,058
James A Matlock (Coo) $130,962 $0 $22,926
Troy L Hatfield (Controller) $86,137 $0 $43,879
Brent Lively (Director) $4,500 $0 $0
Katie Ohmes (Director) $4,275 $0 $0
Robert Holthaus (Director) $4,050 $0 $0
Bennie Clawson (Director) $3,825 $0 $0
David Keown (Director) $3,825 $0 $0
Larry Durbin (Director) $2,925 $0 $0
Pam Rincker (Director) $2,250 $0 $0
Brian Halbrook (Director) $900 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,349,704
Expenses
$37,349,704
Net Income
$0
Net Assets
$40,638,513
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,891,754
96.1%
Investment Income $283,782
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $53,226
0.1%
Net Fundraising $0
Sales of Assets -$35,606
Net Inventory Sales $0
Other Revenue $1,156,548
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $569,099
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,014,876
Total Liabilities $33,376,363
Net Assets $40,638,513
Club or Co-Op Income
Income From Members $35,612,745
Income From Other Sources $2,497,195
Compensation
Key Employees and Officers Compensation Related Other
Josh M Shallenberger (Ceo) $214,181 $0 $85,611
James A Matlock (Coo) $127,193 $0 $114,556
Brian R Chevalier (Operations) $122,845 $0 $52,233
Terry L Oldham (Operations) $119,153 $0 $21,205
Bradley R Wright (Operations) $108,311 $0 $60,537
Brent Lively (Director) $5,175 $0 $0
Robert Holthaus (Director) $4,950 $0 $0
Bennie Clawson (Director) $2,925 $0 $0
Brian Halbrook (Director) $2,700 $0 $0
David Keown (Director) $2,700 $0 $0
John Scott (Executive Dir.) $2,490 $0 $0
Mark Lash (Director) $2,343 $0 $0
Larry Durbin (Director) $2,250 $0 $0
Katie Ohmes (Director) $2,025 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,434,600
Expenses
$36,712,288
Net Income
$1,722,312
Net Assets
$37,056,761
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,681,934
98.0%
Investment Income $153,087
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $49,226
0.1%
Net Fundraising $0
Sales of Assets -$46,025
Net Inventory Sales $0
Other Revenue $596,378
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $566,039
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,553,044
Total Liabilities $33,496,283
Net Assets $37,056,761
Club or Co-Op Income
Income From Members $34,902,714
Income From Other Sources $3,027,304
Compensation
Key Employees and Officers Compensation Related Other
Josh M Shallenberger (Ceo) $208,654 $0 $88,503
James A Matlock (Coo) $123,792 $0 $112,630
Brian R Chevalier (Operations) $123,739 $0 $53,440
Terry L Oldham (Operations) $115,185 $0 $20,743
Kevin D Boehm (Pwr Net) $106,640 $0 $45,075
Brent Lively (Director) $6,750 $0 $0
John Scott (Director) $5,785 $0 $0
Robert Holthaus (Director) $4,950 $0 $0
Bennie Clawson (Director) $4,275 $0 $0
Mark Lash (Director) $3,950 $0 $0
Brian Halbrook (Director) $3,375 $0 $0
Larry Durbin (Director) $3,375 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,581,683
Expenses
$33,279,648
Net Income
$3,302,035
Net Assets
$34,079,291
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,566,745
100.0%
Investment Income $94,836
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $32,363
0.1%
Net Fundraising $0
Sales of Assets -$53,306
Net Inventory Sales $0
Other Revenue -$58,955
Notable Expenses Percent of Total Expenses
Executive Compensation $679,084
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,813,238
8.5%
Assets/Debt
Total Assets $68,536,066
Total Liabilities $34,456,775
Net Assets $34,079,291
Club or Co-Op Income
Income From Members $35,229,075
Income From Other Sources $1,735,946
Compensation
Key Employees and Officers Compensation Related Other
Josh M Shallenberger (Ceo/Cfo) $187,061 $0 $61,203
Brian R Chevalier (Operations) $123,100 $0 $45,998
James A Matlock (Coo) $120,205 $0 $95,242
Terry L Oldham (Operations) $111,782 $0 $18,952
Andrew M Mcdonald (Operations) $110,161 $0 $38,160
Brent Lively (Director) $4,950 $0 $0
John M Scott (Director) $4,725 $0 $0
Mark Lash (Director) $3,825 $0 $0
Robert G Holthaus (Director) $3,825 $0 $0
Bennie L Clawson (Director) $3,600 $0 $0
Brian Halbrook (Director) $3,600 $0 $0
Larry E Durbin (Director) $2,475 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,916,166
Expenses
$33,193,333
Net Income
$2,722,833
Net Assets
$30,745,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,860,454
99.8%
Investment Income $77,316
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $32,350
0.1%
Net Fundraising $0
Sales of Assets -$54,550
Net Inventory Sales $0
Other Revenue $596
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $627,075
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,603,477
7.8%
Assets/Debt
Total Assets $67,692,659
Total Liabilities $36,946,817
Net Assets $30,745,842
Club or Co-Op Income
Income From Members $34,613,874
Income From Other Sources $2,272,212
Compensation
Key Employees and Officers Compensation Related Other
Josh M Shallenberger (Ceo/Cfo) $169,075 $0 $56,065
James A Matlock (Coo) $116,804 $0 $88,146
Terry L Oldham (Operations) $106,560 $0 $50,155
Brian R Chevalier (Operations) $103,760 $0 $43,860
Kevin D Boehm (Pwrnet) $103,651 $0 $11,355
John M Scott (Director) $5,150 $0 $0
Brent Lively (Director) $4,900 $0 $0
Mark Lash (Director) $4,425 $0 $0
Bennie L Clawson (Director) $3,550 $0 $0
Brian Halbrook (Director) $3,375 $0 $0
Robert G Holthaus (Director) $3,200 $0 $0
Larry E Durbin (Director) $2,625 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,776,046
Expenses
$32,677,171
Net Income
$3,098,875
Net Assets
$27,872,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,721,265
99.8%
Investment Income $72,478
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $42,846
0.1%
Net Fundraising $0
Sales of Assets -$54,325
Net Inventory Sales $0
Other Revenue -$6,218
Notable Expenses Percent of Total Expenses
Executive Compensation $502,923
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,543,325
7.8%
Assets/Debt
Total Assets $65,116,853
Total Liabilities $37,244,532
Net Assets $27,872,321
Club or Co-Op Income
Income From Members $34,287,123
Income From Other Sources $2,269,116
Compensation
Key Employees and Officers Compensation Related Other
Josh M Shallenberger (Ceo/Cfo) $145,442 $0 $40,016
James A Matlock (Coo) $111,016 $0 $67,105
Terry L Oldham (Operations) $110,152 $0 $26,995
James E Coleman (Ceo) $107,263 $0 $9,404
Brent Lively (Director) $5,250 $0 $0
John M Scott (Director) $4,550 $0 $0
Larry E Durbin (Director) $4,025 $0 $0
J Mark Lash (Director) $3,675 $0 $0
Bennie L Clawson (Director) $3,150 $0 $0
Robert G Holthaus (Director) $2,800 $0 $0
Brian Halbrook (Director) $2,800 $0 $0
Richard Boggs (Director) $1,400 $0 $0
James R Mccoy (Director) $1,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,071,738
Expenses
$33,367,741
Net Income
$2,703,997
Net Assets
$24,755,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,945,731
96.9%
Investment Income $41,501
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,922
0.0%
Net Fundraising $0
Sales of Assets -$12,284
Net Inventory Sales $0
Other Revenue $1,087,868
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $385,772
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,011,693
9.0%
Assets/Debt
Total Assets $62,251,144
Total Liabilities $37,495,722
Net Assets $24,755,422
Club or Co-Op Income
Income From Members $35,028,882
Income From Other Sources $1,673,525

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,366,676
Expenses
$30,661,477
Net Income
$2,705,199
Net Assets
$22,332,426
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,762,369
95.2%
Investment Income $35,942
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,085
0.0%
Net Fundraising $0
Sales of Assets -$25,534
Net Inventory Sales $0
Other Revenue $1,580,814
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $476,731
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,872,308
9.4%
Assets/Debt
Total Assets $59,426,358
Total Liabilities $37,093,932
Net Assets $22,332,426
Club or Co-Op Income
Income From Members $32,452,796
Income From Other Sources $2,242,385
Compensation
Key Employees and Officers Compensation Related Other
James Coleman (President/Ceo) $241,156 $0 $18,306
Josh Shallenberger (Coo) $107,636 $0 $40,251
Terry Oldham (Mgr Of Operations) $100,464 $0 $19,987
Brent Lively (Director) $5,175 $0 $0
John M Scott (Director) $4,300 $0 $0
Darrell Shumard (Director) $4,125 $0 $0
Jeff Standerfer (Director) $3,775 $0 $0
J Mark Lash (Director) $3,775 $0 $0
James R Mccoy (Director) $3,250 $0 $0
Richard A Boggs (Director) $3,075 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,452,270
Expenses
$30,778,638
Net Income
$673,632
Net Assets
$19,638,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,720,663
97.7%
Investment Income $35,307
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,990
0.0%
Net Fundraising $0
Sales of Assets -$27,078
Net Inventory Sales $0
Other Revenue $714,388
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $381,840
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,138,796
10.2%
Assets/Debt
Total Assets $56,811,514
Total Liabilities $37,173,350
Net Assets $19,638,164
Club or Co-Op Income
Income From Members $31,056,489
Income From Other Sources $1,381,019

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,326,005
Expenses
$30,517,302
Net Income
-$1,191,297
Net Assets
$18,973,535
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,236,999
96.3%
Investment Income $238,793
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $940
0.0%
Net Inventory Sales $0
Other Revenue $849,273
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $380,104
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,976,841
9.8%
Assets/Debt
Total Assets $55,296,770
Total Liabilities $36,323,235
Net Assets $18,973,535
Club or Co-Op Income
Income From Members $28,489,516
Income From Other Sources $1,648,544

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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