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Verdigris Valley Electric Cooperative Incorporated

  • Collinsville, OK
  • Tax-exempt since May 1940
  • EIN: 73-0495962

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
$86.2M (2023)

Expenses
$86.2M (2023)

Total Assets
$225M (2023)

Total Liabilities
$128M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,227,186
Expenses
$86,227,186
Net Income
$0
Net Assets
$96,686,781
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $85,735,417
99.4%
Investment Income $199,559
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $196,551
0.2%
Net Fundraising $0
Sales of Assets $95,659
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,535,409
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,834,336
3.3%
Assets/Debt
Total Assets $225,034,975
Total Liabilities $128,348,194
Net Assets $96,686,781
Club or Co-Op Income
Income From Members $81,742,236
Income From Other Sources $947,189
Compensation
Key Employees and Officers Compensation Related Other
Alice Houston (General Mana) $345,378 $0 $121,949
Michael Hall (Coo / Cao) $306,121 $0 $115,615
Randy Riddle (Dir Operatio) $201,160 $0 $118,436
Keith Delozier (Engineer) $183,906 $0 $105,818
Kimberly Loffer (Exc Secr./Me) $179,654 $0 $132,506
Marlin Barnhart (Purchasing A) $178,070 $0 $125,993
Danny Bement (Dir Operatio) $175,412 $0 $122,578
Bill Gillespie (Safety Coord) $159,246 $0 $121,983
Jimmy Lambert (Trustee) $52,132 $0 $0
Jack Bogart (President) $44,294 $0 $0
Jimmy Brackett (Trustee) $42,494 $0 $0
Ken Howard (Vice Preside) $39,375 $0 $0
John Hibdon (Trustee) $38,294 $0 $0
Dennis Lenox (Treasurer) $37,676 $0 $0
Vernon Lewis (Trustee) $35,251 $0 $0
Charles Huerter (Trustee) $28,201 $0 $0
Buddy Mccarty (Trustee) $9,033 $0 $0
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Document Links

990
Filed on June 19, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$80,766,147
Expenses
$80,766,147
Net Income
$0
Net Assets
$89,603,250
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $80,295,151
99.4%
Investment Income $193,840
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $192,410
0.2%
Net Fundraising $0
Sales of Assets $84,746
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,603,467
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,460,213
1.8%
Assets/Debt
Total Assets $210,911,514
Total Liabilities $121,308,264
Net Assets $89,603,250
Club or Co-Op Income
Income From Members $77,579,680
Income From Other Sources $1,041,446
Compensation
Key Employees and Officers Compensation Related Other
Alice Houston (General Mana) $328,688 $0 $178,110
Michael Hall (Coo / Cao) $290,210 $0 $117,331
Randy Riddle (Dir Operatio) $210,079 $0 $155,874
Shannon Brewer (Row Coordina) $168,693 $0 $107,360
Keith Delozier (Engineer) $168,689 $0 $117,376
Marlin Barnhart (Purchasing A) $164,855 $0 $155,792
Kimberly Loffer (Exc Secr./Me) $148,069 $0 $146,915
Bill Gillespie (Safety Coord) $146,871 $0 $135,594
Jimmy Lambert (Trustee) $52,002 $0 $0
Jack Bogart (President) $42,394 $0 $0
Ken Howard (Vice Preside) $41,794 $0 $0
Jimmy Brackett (Trustee) $41,194 $0 $0
John Hibdon (Trustee) $36,994 $0 $0
Dennis Lenox (Treasurer) $35,776 $0 $0
Vernon Lewis (Trustee) $35,751 $0 $0
Charles Huerter (Trustee) $28,238 $0 $0
Buddy Mccarty (Trustee) $9,033 $0 $0
+ View more people

Document Links

990
Filed on June 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$78,783,085
Expenses
$78,783,085
Net Income
$0
Net Assets
$84,868,231
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,019,813
2.6%
Program Services $76,361,408
96.9%
Investment Income $135,643
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $203,624
0.3%
Net Fundraising $0
Sales of Assets $62,597
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,395,660
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,446,096
1.8%
Assets/Debt
Total Assets $207,857,115
Total Liabilities $122,988,884
Net Assets $84,868,231
Club or Co-Op Income
Income From Members $73,073,741
Income From Other Sources $940,343
Compensation
Key Employees and Officers Compensation Related Other
Alice Houston (General Mana) $318,305 $0 $43,137
Michael Hall (Coo / Cao) $278,739 $0 $112,569
Randy Riddle (Dir Operatio) $196,535 $0 $146,677
Marlin Barnhart (Purchasing A) $157,910 $0 $131,086
Boyd Schultheiss (Mgr Operatio) $149,285 $0 $187,427
Bill Gillespie (Safety Coord) $137,485 $0 $123,078
Gary Yarbrough (Gis Speciali) $132,744 $0 $149,753
Mark Coulter (Meter/Tech S) $132,482 $0 $144,848
Jack Bogart (President) $40,169 $0 $0
Vernon Lewis (Trustee) $40,126 $0 $0
Jimmy Brackett (Trustee) $38,969 $0 $0
Ken Howard (Vice Preside) $38,969 $0 $0
Jimmy Lambert (Trustee) $37,769 $0 $0
Dennis Lenox (Treasurer) $37,151 $0 $0
John Hibdon (Trustee) $36,569 $0 $0
Charles Huerter (Trustee) $22,744 $0 $0
Buddy Mccarty (Trustee) $7,233 $0 $0
+ View more people

Document Links

990
Filed on June 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,041,688
Expenses
$74,041,688
Net Income
$0
Net Assets
$79,315,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,221,052
98.9%
Investment Income $141,970
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $172,740
0.2%
Net Fundraising $0
Sales of Assets $461,437
0.6%
Net Inventory Sales $44,902
0.1%
Other Revenue -$413
Notable Expenses Percent of Total Expenses
Executive Compensation $1,402,299
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $5,599,177
7.6%
Assets/Debt
Total Assets $193,782,218
Total Liabilities $114,466,742
Net Assets $79,315,476
Club or Co-Op Income
Income From Members $72,444,373
Income From Other Sources $1,424,573
Compensation
Key Employees and Officers Compensation Related Other
Alice Houston (General Mana) $302,109 $0 $92,412
Mike Hall (Chief Oper/A) $257,759 $0 $96,794
Clyde Willard (Dir Of Finan) $233,359 $0 $134,414
Randy Riddle (Dir Oper/Tec) $186,786 $0 $126,194
Daniel Lemke (Maintenance) $158,187 $0 $88,475
Karl Keeton (Engineer) $154,718 $0 $104,378
Marlin Barnhart (Purchasing A) $145,204 $0 $108,566
Boyd Schultheiss (Mgr Oper/Tec) $144,560 $0 $155,542
Gary Yarbrough (Gis Speciali) $124,693 $0 $126,640
John Hibdon (Trustee) $41,969 $0 $0
Vernon Lewis (Trustee) $40,726 $0 $0
Jimmy Lambert (President) $40,169 $0 $0
Jack Bogart (Vice Preside) $40,169 $0 $0
Jimmy Brackett (Trustee) $40,169 $0 $0
Dennis Lenox (Trustee) $40,151 $0 $0
Ken Howard (Treasurer) $23,692 $0 $0
Charles Huerter (Trustee) $22,744 $0 $0
Buddy Mccarty (Trustee) $10,233 $0 $0
+ View more people

Document Links

990
Filed on June 3, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,484,152
Expenses
$70,940,269
Net Income
$4,543,883
Net Assets
$75,670,188
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $74,980,077
99.3%
Investment Income $161,038
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $343,037
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,134,427
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $5,610,448
7.9%
Assets/Debt
Total Assets $190,724,937
Total Liabilities $115,054,749
Net Assets $75,670,188
Club or Co-Op Income
Income From Members $74,170,756
Income From Other Sources $1,313,396

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,760,197
Expenses
$72,247,243
Net Income
$4,512,954
Net Assets
$71,526,053
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $76,670,437
99.9%
Investment Income $81,291
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,469
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,187,555
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $5,254,008
7.3%
Assets/Debt
Total Assets $178,113,093
Total Liabilities $106,587,040
Net Assets $71,526,053
Club or Co-Op Income
Income From Members $75,956,366
Income From Other Sources $803,831

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,575,484
Expenses
$67,100,295
Net Income
$3,475,189
Net Assets
$67,111,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $70,204,207
99.5%
Investment Income $145,652
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $225,625
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $934,145
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $5,276,018
7.9%
Assets/Debt
Total Assets $171,296,167
Total Liabilities $104,184,869
Net Assets $67,111,298
Club or Co-Op Income
Income From Members $69,607,631
Income From Other Sources $967,853

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$71,619,266
Expenses
$69,142,679
Net Income
$2,476,587
Net Assets
$64,085,828
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $71,388,050
99.7%
Investment Income $116,859
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $114,357
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,085,638
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,931,133
7.1%
Assets/Debt
Total Assets $163,705,896
Total Liabilities $99,620,068
Net Assets $64,085,828
Club or Co-Op Income
Income From Members $70,930,339
Income From Other Sources $688,927

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,137,060
Expenses
$64,939,262
Net Income
$2,197,798
Net Assets
$61,512,722
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,993,168
99.8%
Investment Income $84,181
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $59,711
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,023,625
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,765,748
7.3%
Assets/Debt
Total Assets $155,430,688
Total Liabilities $93,917,966
Net Assets $61,512,722
Club or Co-Op Income
Income From Members $66,522,789
Income From Other Sources $614,271

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,863,332
Expenses
$64,681,584
Net Income
$3,181,748
Net Assets
$59,297,574
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $67,627,828
99.7%
Investment Income $94,029
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $141,475
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,014,077
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,374,901
6.8%
Assets/Debt
Total Assets $151,359,085
Total Liabilities $92,061,511
Net Assets $59,297,574
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,316,683
Expenses
$63,583,809
Net Income
$1,732,874
Net Assets
$56,680,808
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,144,859
> 100%
Investment Income $90,067
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$918,243
Notable Expenses Percent of Total Expenses
Executive Compensation $950,808
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,227,890
6.6%
Assets/Debt
Total Assets $143,073,869
Total Liabilities $86,393,061
Net Assets $56,680,808
Club or Co-Op Income
Income From Members $63,856,208
Income From Other Sources $90,067

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,908,996
Expenses
$60,889,148
Net Income
$3,019,848
Net Assets
$50,586,514
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $64,543,791
> 100%
Investment Income $157,420
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$792,215
Notable Expenses Percent of Total Expenses
Executive Compensation $909,173
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,825,479
6.3%
Assets/Debt
Total Assets $133,751,504
Total Liabilities $83,164,990
Net Assets $50,586,514
Club or Co-Op Income
Income From Members $62,076,293
Income From Other Sources $157,112

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$64,426,816
Expenses
$60,223,992
Net Income
$4,202,824
Net Assets
$47,855,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $64,144,118
99.6%
Investment Income $263,487
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,211
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $647,152
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,574,439
5.9%
Assets/Debt
Total Assets $122,852,188
Total Liabilities $74,996,694
Net Assets $47,855,494
Club or Co-Op Income
Income From Members $61,665
Income From Other Sources $2,761,793

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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