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Choctaw 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
$63M (2022)

Expenses
$63M (2022)

Total Assets
$143M (2022)

Total Liabilities
$61M (2022)

Source: Form 990 tax filings from 2012 to 2022

Tax Filings 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.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,989,544
Expenses
$62,989,544
Net Income
$0
Net Assets
$82,040,687
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $62,756,412
99.6%
Investment Income $45,362
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,523
0.0%
Net Fundraising $0
Sales of Assets $131,229
0.2%
Net Inventory Sales $44,166
0.1%
Other Revenue $5,852
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $408,139
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,290,622
5.2%
Assets/Debt
Total Assets $143,071,795
Total Liabilities $61,031,108
Net Assets $82,040,687
Club or Co-Op Income
Income From Members $65,736,041
Income From Other Sources $1,114,550
Compensation
Key Employees and Officers Compensation Related Other
Kooney Duncan (Ceo) $197,163 $0 $154,326
Darren Frazier (Foreman) $100,376 $0 $61,228
Joseph Antu (Foreman) $100,119 $0 $46,522
Kenneth Autry (Trustee) $7,850 $0 $0
Jana Burris (Trustee) $7,550 $0 $0
Douglas Franks (President) $7,150 $0 $0
Deborah Cody (Trustee) $6,800 $0 $0
William Woolsey (Trustee) $6,750 $0 $0
Perry Thompson Jr (Secretary/Treasurer) $6,700 $0 $0
Stacy Nichols (Trustee) $6,150 $0 $0
Jarred Campbell (Vice President) $5,500 $0 $0
Jackson Ferguson (Trustee (Sept Dec)) $2,200 $0 $0

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Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,329,714
Expenses
$56,329,714
Net Income
$0
Net Assets
$79,072,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $54,708,987
97.1%
Investment Income $43,842
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,523
0.0%
Net Fundraising $0
Sales of Assets $67,550
0.1%
Net Inventory Sales $482
0.0%
Other Revenue $1,502,330
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $434,103
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,226,377
5.7%
Assets/Debt
Total Assets $141,855,145
Total Liabilities $62,782,842
Net Assets $79,072,303
Club or Co-Op Income
Income From Members $59,154,303
Income From Other Sources $594,915
Compensation
Key Employees and Officers Compensation Related Other
Kooney Duncan (Ceo) $191,532 $0 $173,947
Kenneth Autry (Trustee) $8,255 $0 $0
Douglas Franks (President) $7,200 $0 $0
Jana Burris (Trustee) $7,200 $0 $0
Deborah Cody (Trustee) $7,000 $0 $0
Stacy Nichols (Trustee) $6,850 $0 $0
William Woolsey (Trustee) $6,750 $0 $0
Perry Thompson Jr (Secretary/Treasurer) $6,750 $0 $0
Jarred Campbell (Vice President) $6,750 $0 $0
Tiffany Hempsted (Cfo (Jan)) $5,369 $0 $1,500
Mike Brewer (Trustee (Jan Sept)) $5,000 $0 $0

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Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,433,023
Expenses
$48,499,729
Net Income
-$66,706
Net Assets
$70,748,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $48,156,938
99.4%
Investment Income $66,501
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $201,944
0.4%
Net Inventory Sales $7,640
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $561,482
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,348,850
6.9%
Assets/Debt
Total Assets $126,441,880
Total Liabilities $55,693,861
Net Assets $70,748,019
Club or Co-Op Income
Income From Members $48,480,390
Income From Other Sources $1,054,359
Compensation
Key Employees and Officers Compensation Related Other
Kooney Duncan (Ceo) $186,209 $0 $139,902
Tiffany Hempsted (Cfo) $108,819 $0 $62,859
Jeffrey Rector (Serviceman) $104,222 $0 $34,968
Kenneth Autry (Trustee) $8,360 $0 $0
Douglas Franks (President) $8,204 $0 $0
Stacy Nichols (Vice President) $7,569 $0 $0
William Woolsey (Trustee) $7,369 $0 $0
Deborah Cody (Trustee) $7,337 $0 $0
Perry Thompson Jr (Trustee) $7,326 $0 $0
Mike Brewer (Secretary/Treasurer) $6,750 $0 $0
Joe M Silk Jan May (Vice President) $3,778 $0 $0
George Burns Jan Feb (Trustee) $2,400 $0 $0
Jana Burris Sept Dec (Trustee) $2,400 $0 $0
Jarred Campbell Sept Dec (Trustee) $2,200 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,876,838
Expenses
$47,893,368
Net Income
$1,983,470
Net Assets
$64,566,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $47,784,716
95.8%
Investment Income $2,082,085
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $10,037
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $499,556
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,463,721
7.2%
Assets/Debt
Total Assets $122,205,463
Total Liabilities $57,639,337
Net Assets $64,566,126
Club or Co-Op Income
Income From Members $47,130,237
Income From Other Sources $2,703,514
Compensation
Key Employees and Officers Compensation Related Other
Kooney Duncan (Ceo) $185,940 $0 $97,552
Tiffany Hempsted (Cfo) $104,792 $0 $52,172
Douglas Franks (President) $7,800 $0 $0
Deborah Cody (Trustee) $7,700 $0 $0
Joe M Silk (Vice President) $7,600 $0 $0
Kenneth Autry (Trustee) $7,200 $0 $0
Mike Brewer (Secretary/Treasurer) $6,850 $0 $0
Stacy Nichols (Trustee) $6,750 $0 $0
Perry Thompson Jr (Trustee) $6,400 $0 $0
William Woolsey (Trustee) $6,150 $0 $0
George Burns (Trustee) $2,650 $0 $0

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,052,213
Expenses
$47,052,213
Net Income
$0
Net Assets
$59,892,874
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $46,594,300
99.0%
Investment Income $91,658
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $355,704
0.8%
Net Inventory Sales $4,698
0.0%
Other Revenue $5,853
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $447,841
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,314,531
7.0%
Assets/Debt
Total Assets $120,195,987
Total Liabilities $60,303,113
Net Assets $59,892,874
Club or Co-Op Income
Income From Members $45,936,347
Income From Other Sources $1,108,017
Compensation
Key Employees and Officers Compensation Related Other
Kooney Duncan (Ceo/Gm) $186,298 $0 $84,262
Tiffany Hempsted (Cfo) $99,238 $0 $27,813
Douglas Franks (President) $6,918 $0 $0
Joe M Silk (Vice President) $6,812 $0 $0
Kenneth Autry (Trustee) $6,500 $0 $0
Mike Brewer (Secretary/Treasurer) $6,400 $0 $0
William Woolsey (Trustee) $6,200 $0 $0
Stacy Nichols (Trustee) $6,200 $0 $0
Norman Ranger (Trustee (Jan Sep)) $5,100 $0 $0
Becky Franks (Trustee (Jan Sep)) $2,800 $0 $0
Deborah Cody (Trustee) $1,650 $0 $0
Perry Thompson Jr (Trustee) $1,650 $0 $0
George Burns (Trustee) $0 $0 $0

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Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,465,928
Expenses
$44,465,928
Net Income
$0
Net Assets
$56,095,459
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,085,344
99.1%
Investment Income $205,352
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $60,659
0.1%
Net Inventory Sales $16,385
0.0%
Other Revenue $98,188
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $413,609
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,246,379
7.3%
Assets/Debt
Total Assets $119,170,152
Total Liabilities $63,074,693
Net Assets $56,095,459
Club or Co-Op Income
Income From Members $44,699,334
Income From Other Sources $1,108,105
Compensation
Key Employees and Officers Compensation Related Other
Kooney Duncan (Ceo/Gm) $108,539 $0 $45,584
Kenneth Gates (Ceo (Jan May)) $94,393 $0 $6,538
Tiffany Hempsted (Cfo) $48,441 $0 $6,998
Craig Mcbrain (Cfo(jan May)) $46,091 $0 $1,725
Joe M Silk (Vice President) $7,500 $0 $0
Kenneth Autry (Trustee) $7,450 $0 $0
William Woolsey (Trustee) $7,150 $0 $0
Stacy Nichols (Trustee) $7,100 $0 $0
Douglas Franks (President) $7,050 $0 $0
Norman Ranger (Trustee) $6,850 $0 $0
Mike Brewer (Secretary/Treasurer) $6,350 $0 $0
Becky Franks (Trustee) $5,300 $0 $0
George Burns (Trustee) $550 $0 $0

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Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,260,945
Expenses
$45,114,983
Net Income
$145,962
Net Assets
$54,697,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,507,719
98.3%
Investment Income $86,807
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $123,592
0.3%
Net Inventory Sales $6,236
0.0%
Other Revenue $536,591
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $418,066
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,266,635
7.2%
Assets/Debt
Total Assets $118,676,025
Total Liabilities $63,978,723
Net Assets $54,697,302
Club or Co-Op Income
Income From Members $43,743,059
Income From Other Sources $1,451,919
Compensation
Key Employees and Officers Compensation Related Other
James Malone (Manager Of Operations) $112,591 $0 $59,535
Kenneth J Gates (Ceo) $110,098 $0 $38,341
Darrel Ward (District Operations Supervisor) $107,381 $0 $80,767
Craig Mcbrain (Cfo) $98,802 $0 $41,495
Joe Harris (Interim Ceo (March May)) $58,770 $0 $0
Jon Miles (Ceo (Jan Feb)) $49,344 $0 $836
Norman Ranger (Director) $12,550 $0 $0
Joe M Silk (Vice President) $8,200 $0 $0
William Woolsey (Director) $8,200 $0 $0
George Burns (Director) $8,200 $0 $0
Mike Brewer (Secretary/Treasurer) $7,950 $0 $0
Becky Franks (Director) $7,450 $0 $0
Marcia Wright (Director (Jan Sep)) $7,300 $0 $0
James Woods (Director (Jan Sep)) $6,300 $0 $0
Danny Antwine (Director (Jan Sep)) $6,200 $0 $0
Stacy Nichols (Director) $2,300 $0 $0
Douglas Franks (President) $2,250 $0 $0
Kenneth Autry (Director) $2,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,319,255
Expenses
$46,246,229
Net Income
$1,073,026
Net Assets
$47,561,775
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $46,220,686
97.7%
Investment Income $111,818
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $733,971
1.6%
Net Inventory Sales $3,692
0.0%
Other Revenue $249,088
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $562,996
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,741,879
5.9%
Assets/Debt
Total Assets $117,462,411
Total Liabilities $69,900,636
Net Assets $47,561,775
Club or Co-Op Income
Income From Members $44,413,972
Income From Other Sources $1,917,119
Compensation
Key Employees and Officers Compensation Related Other
James Malone (Director Of Operations) $109,703 $0 $81,810
Darrel Ward (System Services Manager) $104,872 $0 $102,831
Jon Miles (Ceo (6/2015 12/2015)) $103,555 $0 $40,306
Jimmie K Ainsworth (Cfo (1/2015 4/2015)) $85,022 $0 $27,688
Joe Harris (Interim Ceo (1/2015 6/2015)) $72,459 $0 $79,156
Craig Mcbrain (Cfo (4/2015 12/2015)) $63,842 $0 $18,968
Norman Ranger (Director (2/2015 12/2015)) $9,300 $0 $0
Marcia Wright (Director) $9,000 $0 $0
Mike Brewer (Secretary/Treasurer (1/201) $8,400 $0 $0
George Burns (President (2/2015 12/2015)) $8,350 $0 $0
Danny Antwine (Director) $7,600 $0 $0
Joe M Silk (Vice President (2/2015 12/2015)) $7,300 $0 $0
Neil Birchfield (Director) $6,450 $0 $0
James Woods (Director) $6,000 $0 $0
Andrea Slaton (Director (2/2015 12/2015)) $5,200 $0 $0
William Woolsey (Director (9/2015 12/2015)) $1,100 $0 $0
Becky Franks (Director (9/2015 12/2015)) $1,100 $0 $0
James L Anderson (Director (1/2015)) $1,100 $0 $0
David Ritchie (Director (1/2015)) $1,100 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$50,860,108
Expenses
$51,006,067
Net Income
-$145,959
Net Assets
$41,752,999
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $48,026,952
94.4%
Investment Income $314,566
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $22,768
0.0%
Net Fundraising $0
Sales of Assets $235
0.0%
Net Inventory Sales $6,155
0.0%
Other Revenue $2,489,432
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $559,899
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,215,772
8.3%
Assets/Debt
Total Assets $122,717,694
Total Liabilities $80,964,695
Net Assets $41,752,999
Club or Co-Op Income
Income From Members $45,941,168
Income From Other Sources $3,316,297
Compensation
Key Employees and Officers Compensation Related Other
Terry Matlock 012014 102014 (General Manager/Ceo) $159,207 $0 $61,116
David Young (Line Superintendent) $127,333 $0 $15,492
Larry Cody (Serviceman Superviosr) $117,379 $0 $15,492
James Malone (Manager Of Operations) $113,189 $0 $84,064
Darrel Ward (District Operations Supv) $108,661 $0 $88,192
Randy Watts (Dist Supv/Dist Office) $101,583 $0 $15,492
Jimmie K Ainsworth (Director Fin & Acct) $84,521 $0 $80,324
Joe Harris 112014 122014 (Interim Ceo) $49,541 $0 $0
James R Lovitt (Secretary/Treasurer (1/2014 12/2014)) $17,050 $0 $0
Mike Bailey (President (1/2014 12/2014)) $14,800 $0 $0
Bob Holley (Director (1/2014 12/2014)) $14,200 $0 $0
Bill Mccain (Director (1/2014 12/2014)) $13,700 $0 $0
James L Anderson (Director) $13,700 $0 $0
Joe H Briscoe (Interim President) $13,550 $0 $0
Robert E Hodge (Vice President (1/2014 12/2014)) $13,200 $0 $0
Larry Johnson (Director (1/2014 12/2014)) $12,540 $0 $0
Henry Baze (Director (1/2014 12/2014)) $12,450 $0 $0
Danny Antwine (Interim Vice President (12/2014)) $0 $0 $0
Mike Brewer (Interim Sec/Treas (12/2014)) $0 $0 $0
James Woods (Director (12/2014)) $0 $0 $0
David Ritchie (Director (12/2014)) $0 $0 $0
Neil Birchfield (Director (12/2014)) $0 $0 $0
Marcia Wright (Director (12/2014)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,902,264
Expenses
$45,529,225
Net Income
$373,039
Net Assets
$40,324,974
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,147,241
96.2%
Investment Income $1,802,042
3.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$43,244
Net Inventory Sales -$3,775
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $540,874
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $354,255
0.8%
Assets/Debt
Total Assets $114,775,306
Total Liabilities $74,450,332
Net Assets $40,324,974
Club or Co-Op Income
Income From Members $44,143,466
Income From Other Sources $1,758,798

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Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,229,828
Expenses
$43,229,834
Net Income
-$6
Net Assets
$36,716,746
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,817,151
96.7%
Investment Income $1,400,844
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,171
0.1%
Net Inventory Sales -$10,338
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,458,263
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $108,150,073
Total Liabilities $71,433,327
Net Assets $36,716,746
Club or Co-Op Income
Income From Members $41,817,151
Income From Other Sources $1,412,677

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.
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  • 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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