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Holston Electric Cooperative Inc

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
$104M (2023)

Expenses
$104M (2023)

Total Assets
$143M (2023)

Total Liabilities
$46M (2023)

Source: Form 990 tax filings from 2012 to 2023

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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$103,748,257
Expenses
$103,748,257
Net Income
$0
Net Assets
$97,383,951
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $101,139,255
97.5%
Investment Income $701,306
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,781,686
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $126,010
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $698,898
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $143,343,428
Total Liabilities $45,959,477
Net Assets $97,383,951
Club or Co-Op Income
Income From Members $101,139,255
Income From Other Sources $827,315
Compensation
Key Employees and Officers Compensation Related Other
James B Sandlin (General Manager) $291,270 $0 $110,506
Arthur Davenport (Director Of Operations) $232,601 $0 $6,011
Shannon Bellamy (Director Of Finance And Hu) $179,475 $0 $15,222
James M Collier (Director Of Operations) $152,402 $0 $87,593
Chris Couch (Foreman) $140,125 $0 $12,131
Thomas Powell (Director Of Broadband Oper) $137,447 $0 $33,743
Nathan Franklin (Director Of Engineering) $135,240 $0 $76,333
Phil Barrett (Director/Vice President) $16,425 $0 $0
Mark Derrick (Director/ Secretary/Treasurer) $16,200 $0 $0
David Marshall (Director) $15,575 $0 $0
Crystal Price (Director) $14,575 $0 $0
Jeff Ringley (Director/President) $14,450 $0 $0
Gordell Ely (Director) $14,175 $0 $0
Jerry Horner (Director) $11,025 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,958,544
Expenses
$97,507,317
Net Income
$451,227
Net Assets
$91,135,859
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $95,944,721
97.9%
Investment Income $152,687
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,706,316
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $154,820
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $602,945
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $140,432,181
Total Liabilities $49,296,322
Net Assets $91,135,859
Club or Co-Op Income
Income From Members $95,944,721
Income From Other Sources $307,507
Compensation
Key Employees and Officers Compensation Related Other
James B Sandlin (General Manager) $247,947 $0 $96,130
Shannon Bellamy (Director Of Finance And Hu) $158,381 $0 $14,962
Arthur Davenport (Director Of Operations) $135,632 $0 $28,405
Thomas Powell (Director Of Broadband Operations) $127,037 $0 $62,520
Renn Lawson (Lineman) $125,359 $0 $64,871
Kaye Overbay (Billing Supervisor) $124,570 $0 $13,101
Chris Couch (Foreman) $120,962 $0 $23,287
Mark Derrick (Director) $14,475 $0 $0
David Marshall (Director/Secretary/Treasur) $14,375 $0 $0
Phil Barrett (Director/Vice President) $12,725 $0 $0
Jeff Ringley (Director/President) $11,500 $0 $0
Gordell Ely (Director) $10,975 $0 $0
Jerry Horner (Director) $10,825 $0 $0
Brent Price (Director/Secretary/Treasur) $9,800 $0 $0
Crystal Price (Director) $850 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$88,497,952
Expenses
$87,795,569
Net Income
$702,383
Net Assets
$83,125,400
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $86,564,222
97.8%
Investment Income $138,623
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,705,816
1.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $89,291
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $542,079
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $133,452,137
Total Liabilities $50,326,737
Net Assets $83,125,400
Club or Co-Op Income
Income From Members $86,564,222
Income From Other Sources $288,970
Compensation
Key Employees and Officers Compensation Related Other
James B Sandlin (General Manager) $225,223 $0 $80,744
Shannon Bellamy (Director Of Finance And Hu) $153,759 $0 $13,803
Arthur Davenport (Director Of Operations) $135,522 $0 $28,241
Chris Couch (Foreman) $133,711 $0 $26,753
David Stanton (Supervisor Of Staking Engineering) $129,994 $0 $2,250
Leondard Edison (Foreman) $127,850 $0 $26,775
Renn Lawson (Lineman) $118,498 $0 $54,960
Mark Derrick (Director) $11,625 $0 $0
Jerry Horner (Director) $11,125 $0 $0
Jeff Ringley (Director/President) $11,000 $0 $0
David Marshall (Director) $10,725 $0 $0
Gordell Ely (Director) $8,975 $0 $0
Phil Barrett (Director/Vice President) $7,850 $0 $0
Brent Price (Director/Secretary/Treasur) $7,250 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$80,989,721
Expenses
$81,486,477
Net Income
-$496,756
Net Assets
$75,395,087
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $79,067,022
97.6%
Investment Income $287,696
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,531,465
1.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $103,538
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $530,473
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $116,352,555
Total Liabilities $40,957,468
Net Assets $75,395,087
Club or Co-Op Income
Income From Members $79,067,022
Income From Other Sources $391,234
Compensation
Key Employees and Officers Compensation Related Other
James B Sandlin (General Manager) $218,578 $0 $65,948
John Long (Director Of Engineering) $183,625 $0 $13,254
Leonard Eidson (Foreman) $148,753 $0 $24,720
Shannon Bellamy (Director Of Finance And Hu) $146,540 $0 $26,682
Arthur Davenport (Director Of Operations) $131,577 $0 $26,146
Chris Couch (Foreman) $113,871 $0 $24,790
Renn Lawson (Lineman) $112,559 $0 $44,812
Mark Derrick (Director) $11,425 $0 $0
Phil Barrett (Director/Vice President) $11,400 $0 $0
Brent Price (Director/Secretary/Treasur) $11,275 $0 $0
Gordell Ely (Director) $10,650 $0 $0
David Marshall (Director) $10,550 $0 $0
Jeff Ringley (Director/President) $9,400 $0 $0
Jerry Horner (Director) $8,025 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,823,489
Expenses
$80,454,225
Net Income
-$630,736
Net Assets
$73,003,470
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $77,615,302
97.2%
Investment Income $580,794
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,588,412
2.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,014
0.0%
Other Revenue $37,967
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $528,418
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $102,063,238
Total Liabilities $29,059,768
Net Assets $73,003,470
Club or Co-Op Income
Income From Members $77,615,302
Income From Other Sources $622,935
Compensation
Key Employees and Officers Compensation Related Other
James B Sandlin (General Manager) $202,200 $0 $64,994
Shannon Bellamy (Director Of Finance And Hu) $141,316 $0 $24,758
Leonard Eidson (Foreman) $132,936 $0 $22,528
Larry Elkins (General Manager (Former)) $131,122 $0 $0
John Long (Director Of Engineering) $130,150 $0 $24,371
Arthur Davenport (Director Of Operations) $127,377 $0 $24,261
Malcolm D Brooks (Foreman) $124,867 $0 $62,510
Brian Parvin (Lineman) $113,990 $0 $41,513
Phil Barrett (Director/Vice President) $16,950 $0 $0
David Marshall (Director) $15,700 $0 $0
Mark Derrick (Director) $14,200 $0 $0
Gordell Ely (Director) $12,700 $0 $0
Jerry Horner (Director) $12,450 $0 $0
Brent Price (Director/Secretary/Treasur) $11,950 $0 $0
Jeff Ringley (Director/President) $11,200 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$77,575,203
Expenses
$77,575,203
Net Income
$0
Net Assets
$70,224,853
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $75,529,975
97.4%
Investment Income $552,078
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,451,097
1.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$634
Other Revenue $42,687
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $490,995
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $88,765,863
Total Liabilities $18,541,010
Net Assets $70,224,853
Club or Co-Op Income
Income From Members $75,529,975
Income From Other Sources $598,786
Compensation
Key Employees and Officers Compensation Related Other
James B Sandlin (General Manager) $195,748 $0 $58,297
Shannon Bellamy (Director Of Finance And Hu) $133,493 $0 $23,682
Larry Elkins (General Manager (Former)) $129,261 $0 $0
Leonard Eidson (Foreman) $124,920 $0 $19,711
John Long (Director Of Engineering) $124,267 $0 $116,498
Arthur Davenport (Director Of Operations) $122,086 $0 $23,204
Chris Couch (Foreman) $105,206 $0 $21,972
David Marshall (Director) $14,800 $0 $0
Phil Barrett (Director/Vice President) $14,100 $0 $0
Mark Derrick (Director) $12,050 $0 $0
Gordell Ely (Director) $10,725 $0 $0
Brent Price (Director/Secretary/Treasur) $10,675 $0 $0
Jeff Ringley (Director/President) $9,575 $0 $0
Jerry Horner (Director) $7,850 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,583,232
Expenses
$74,583,232
Net Income
$0
Net Assets
$67,527,671
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $72,409,276
97.1%
Investment Income $547,819
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,427,067
1.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$832
Other Revenue $199,902
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $457,518
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $86,021,025
Total Liabilities $18,493,354
Net Assets $67,527,671
Club or Co-Op Income
Income From Members $72,409,276
Income From Other Sources $749,100
Compensation
Key Employees and Officers Compensation Related Other
James B Sandlin (General Manager) $191,034 $0 $40,546
Shannon Bellamy (Director Of Finance And Hu) $127,932 $0 $22,081
Larry Elkins (General Manager (Former)) $127,241 $0 $0
Leonard Eidson (Foreman) $124,098 $0 $18,239
John Long (Director Of Engineering) $118,108 $0 $104,049
Arthur Davenport (Director Of Operations) $118,033 $0 $19,975
Phil Barrett (Director/Vice President) $12,800 $0 $0
David Marshall (Director) $12,650 $0 $0
Brent Price (Director/Secretary/Treasurer) $11,525 $0 $0
Gordell Ely (Director) $11,175 $0 $0
Jeff Ringley (Director/President) $8,900 $0 $0
Melvin Greene (Director (Former)) $7,525 $0 $0
Lynn Parker (Director (Former)) $7,300 $0 $0
Mark Derrick (Director) $2,900 $0 $0
Jerry Horner (Director) $1,150 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$72,188,057
Expenses
$72,188,057
Net Income
$0
Net Assets
$66,797,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $70,002,475
97.0%
Investment Income $617,792
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,389,711
1.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,222
0.0%
Other Revenue $176,857
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $459,817
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $84,764,183
Total Liabilities $17,966,971
Net Assets $66,797,212
Club or Co-Op Income
Income From Members $70,067,251
Income From Other Sources $795,872
Compensation
Key Employees and Officers Compensation Related Other
Larry Elkins (General Manager (Former)) $170,994 $0 $13,755
James B Sandlin (General Manager) $130,123 $0 $7,667
Shannon Bellamy (Director Of Finance And Human Resources) $123,958 $0 $89,784
John Long (Director Of Engineering) $114,459 $0 $87,081
Leonard Eidson (Foreman) $113,146 $0 $13,755
Gordon Ely (Director/President) $13,050 $0 $0
Melvin Greene (Director/Secretary/Treasurer) $13,050 $0 $0
Phil Barrett (Director) $12,050 $0 $0
David Marshall (Director) $11,975 $0 $0
Lynn Parker (Director) $9,050 $0 $0
Jeff Ringley (Director/Vice President) $8,850 $0 $0
Dr David Britton (Director) $5,100 $0 $0
Brent Price (Director) $2,125 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,099,170
Expenses
$73,240,703
Net Income
$1,858,467
Net Assets
$65,980,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $74,365,197
99.0%
Investment Income $669,060
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,179
0.0%
Other Revenue $62,734
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $579,044
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,685,249
3.7%
Assets/Debt
Total Assets $81,675,997
Total Liabilities $15,695,616
Net Assets $65,980,381
Club or Co-Op Income
Income From Members $74,365,197
Income From Other Sources $733,973

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,237,090
Expenses
$72,520,018
Net Income
$2,717,072
Net Assets
$63,955,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $74,491,813
99.0%
Investment Income $686,744
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$1,021
Other Revenue $59,554
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $555,430
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $79,503,308
Total Liabilities $15,547,336
Net Assets $63,955,972
Club or Co-Op Income
Income From Members $74,491,813
Income From Other Sources $745,277

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,260,381
Expenses
$71,405,443
Net Income
$2,854,938
Net Assets
$61,062,001
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,549,243
99.0%
Investment Income $654,158
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$2,907
Other Revenue $59,887
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $553,507
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,589,776
3.6%
Assets/Debt
Total Assets $76,288,907
Total Liabilities $15,226,906
Net Assets $61,062,001
Club or Co-Op Income
Income From Members $73,549,243
Income From Other Sources $711,138

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$71,484,440
Expenses
$68,877,891
Net Income
$2,606,549
Net Assets
$58,124,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $70,814,720
99.1%
Investment Income $600,494
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$3,952
Other Revenue $73,178
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $425,125
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,486,951
3.6%
Assets/Debt
Total Assets $76,178,865
Total Liabilities $18,054,679
Net Assets $58,124,186
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending June
2011

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 June
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 June
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 June
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 June
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 June
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 June
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

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 »

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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.
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  • 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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