Golden Spread Electric Cooperative Inc

Amarillo, TX
Tax-exempt since Jan. 1991
EIN: 75-1941060

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Provided first-class or charter travel

Organization provided first-class or charter travel to key employees or officers. Details are reported on Schedule J.

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$772M (2022)

Expenses

$761M (2022)

Total Assets

$1.27B (2022)

Total Liabilities

$807M (2022)

Years with missing data

Source: Form 990 tax filings from 2011 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

Revenue

$772,338,275

Expenses

$760,503,573

Net Income

$11,834,702

Net Assets

$466,485,777

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$767,542,523	99.4%
Investment Income	$4,970,033	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$174,281
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,928,923	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,663,961	1.7%

Assets/Debt
Total Assets	$1,273,810,870
Total Liabilities	$807,325,093
Net Assets	$466,485,777

Club or Co-Op Income
Income From Members	$182,920,309
Income From Other Sources	$7,263,980

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kari Hollandsworth (President & Ceo)	$840,114	$0	$557,319
James Guy (General Counsel)	$370,639	$0	$139,449
Michael Wise (Senior Vp Reg/Mkt Strategy)	$370,609	$0	$177,046
John Eichelmann (Vp Member Svcs & Power Delivery)	$363,648	$0	$132,118
Robert M Lowe (Cfo & Assistant Treasurer)	$359,984	$0	$141,906
Matthew Moore (Vp Commerical & Assets Ops)	$333,261	$0	$165,980
Stephen Cross (Dir Power Supply)	$330,095	$0	$146,815
Natasha Henderson (Dir Compliance Mkt/Reg Affairs)	$284,844	$0	$111,202
Robert Mcminn (Dir Power Delivery)	$245,860	$0	$151,434
Clifton Usleton (Executive It Director)	$237,468	$0	$91,147
William Harrelson (General Counsel)	$195,541	$0	$104,045
Dale Ancell (Director)	$57,283	$0	$0
David Sell (Director)	$53,093	$0	$0
Albert Daniel (Director)	$45,824	$0	$0
Shad Mcdaniel (Director)	$44,504	$0	$9,900
Brent Wheeler (Director)	$44,251	$0	$0
Kelly Lankford (Chairman)	$44,114	$0	$0
Mark Appling (Director)	$41,905	$0	$0
David Mcclain (Secretary/Treasurer)	$40,572	$0	$0
Randy White (Director (June Dec))	$40,446	$0	$0
Ryan Bartlett (Director)	$39,774	$0	$0
Ben Franklin (Director)	$39,193	$0	$0
Shawn Martinez (Director)	$39,132	$0	$0
Andrew Keith Hicks (Director)	$38,968	$0	$0
Danny Helms (Director)	$38,954	$0	$10,250
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990

Filed on Nov. 16, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$703,244,105

Expenses

$720,095,326

Net Income

-$16,851,221

Net Assets

$462,705,355

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$700,899,667	99.7%
Investment Income	$2,512,118	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$221,485
Net Fundraising	$0
Sales of Assets	$53,805	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,437,188	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$12,842,086	1.8%

Assets/Debt
Total Assets	$1,251,228,427
Total Liabilities	$788,523,072
Net Assets	$462,705,355

Club or Co-Op Income
Income From Members	$108,952,339
Income From Other Sources	$13,135,207

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kari Hollandsworth (President & Ceo)	$646,231	$0	$318,414
William Harrelson (General Counsel)	$436,739	$0	$161,299
Darla Blackmore (Vp Human Resources)	$361,082	$0	$76,495
Michael Wise (Senior Vp Reg/Mkt Strate)	$355,796	$0	$155,210
John Eichelmann (Vp Member Svcs & Power D)	$353,076	$0	$137,680
Stephen Cross (Dir Power Supply)	$338,176	$0	$143,780
Robert M Lowe (Cfo & Assistant Treasurer)	$325,104	$0	$119,314
Matthew Moore (Vp Commerical & Assets O)	$320,227	$0	$142,977
Natasha Henderson (Dir Compliance Mkt/Reg A)	$268,118	$0	$98,513
Bret Yeary (Mgr Plant Performance &)	$240,814	$0	$126,529
Robert Mcminn (Dir Power Delivery)	$240,246	$0	$142,497
Dale Ancell (Director)	$47,100	$0	$0
Stan Mcclendon (Director)	$39,100	$0	$0
David Marricle (Director)	$38,200	$0	$0
David Sell (Director)	$38,150	$0	$0
Brent Wheeler (Director)	$38,100	$0	$0
James Batton (Director)	$38,100	$0	$0
Andrew Keith Hicks (Director)	$35,200	$0	$0
Mark Appling (Director)	$35,150	$0	$0
Ben Franklin (Director)	$34,100	$0	$0
David Mcclain (Secretary/ Treasurer)	$34,100	$0	$0
Albert Daniel (Director)	$33,200	$0	$0
Ryan Bartlett (Director)	$33,100	$0	$0
Shawn Martinez (Director)	$32,100	$0	$0
Timothy J Burkhalter (Director)	$32,100	$0	$0
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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$445,564,974

Expenses

$447,291,036

Net Income

-$1,726,062

Net Assets

$447,019,410

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$440,611,460	98.9%
Investment Income	$5,047,606	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$94,092
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,757,423	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$11,226,721	2.5%

Assets/Debt
Total Assets	$1,169,444,657
Total Liabilities	$722,425,247
Net Assets	$447,019,410

Club or Co-Op Income
Income From Members	$161,350,452
Income From Other Sources	$14,285,990

Provided first-class or charter travel

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Schwirtz (President & Ceo (Jan Aug))	$899,389	$0	$39,906
Scott Gross (Cfo/Interim Pres & Ceo (Jan Sept))	$603,109	$0	$34,688
William Harrelson (General Counsel)	$460,689	$0	$142,814
Kari Hollandsworth (President & Ceo)	$412,656	$0	$139,677
Michael Wise (Senior Vp Reg/Mkt Strategy)	$353,826	$0	$143,144
John Eichelmann (Vp Member Svcs & Power Delivery)	$350,420	$0	$105,580
Margaret Rupert (Chief Info/Strat. Officer (Jan Nov))	$340,619	$0	$146,872
Stephen Cross (Dir Power Supply)	$317,593	$0	$129,909
Darla Blackmore (Vp Human Resources)	$292,493	$0	$104,057
Matthew Moore (Vp Commerical & Assets Ops)	$285,798	$0	$109,523
Robert M Lowe (Cfo & Assistant Treasurer)	$281,909	$0	$80,324
Natasha Henderson (Dir Compliance Mkt/Reg Affairs)	$261,452	$0	$78,017
Bret Yeary (Mgr Plant Performance & Projects)	$238,489	$0	$108,605
Robert Mcminn (Director Of Power Delivery)	$235,407	$0	$119,451
Dale Ancell (Director)	$35,300	$0	$0
Stan Mcclendon (Chairman)	$35,050	$0	$0
Kelly Lankford (Secretary Treasurer)	$34,350	$0	$0
David Marricle (Director)	$33,300	$0	$0
Mark Appling (Director)	$33,300	$0	$0
Brent Wheeler (Director)	$33,050	$0	$0
David Sell (Director)	$32,800	$0	$0
Bobby Fuchs (Director)	$31,300	$0	$0
Andrew Keith Hicks (Director)	$31,300	$0	$0
Albert Daniel (Director)	$31,100	$0	$0
David Mcclain (Director)	$31,050	$0	$0
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990

Filed on Nov. 16, 2021

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Fiscal Year Ending Dec.
2018

Revenue

$342,796,786

Expenses

$299,662,664

Net Income

$43,134,122

Net Assets

$453,492,565

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$495,029	0.1%
Program Services	$337,975,384	98.6%
Investment Income	$4,501,213	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$174,840
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,841,744	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,443,392	1.8%

Assets/Debt
Total Assets	$1,105,215,137
Total Liabilities	$651,722,572
Net Assets	$453,492,565

Club or Co-Op Income
Income From Members	$161,608,780
Income From Other Sources	$25,379,134

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Schwirtz (President &)	$757,580	$0	$202,688
Joseph Hayden (Coo)	$428,099	$0	$146,241
Scott Gross (Cfo/Asst.Tre)	$402,619	$0	$168,324
William Harrelson (Chief Legal/)	$361,349	$0	$127,584
Michael Wise (Sr.Vp/Regula)	$330,877	$0	$69,845
Margaret Rupert (Chief Strate)	$321,799	$0	$128,818
John Eichelmann (Vp, Member S)	$303,727	$0	$103,827
Stephen Cross (Dir. Power S)	$298,271	$0	$50,271
Darla Blackmore (Vp, Human Re)	$262,435	$0	$83,124
Mathew Moore (Dir. Mkt Ope)	$260,556	$0	$94,028
Bradley Swadling (Dir.Corp.Tec)	$260,029	$0	$69,326
Kari Hollandsworth (Dir.Finance/)	$226,253	$0	$96,186
Mary Hekman (Former Legal)	$187,730	$40,205	$0
Stan Mcclendon (Chairman B)	$48,100	$0	$0
Kelly Lankford (Sec/Treasure)	$47,100	$0	$0
Clinton Gardner (Director)	$46,050	$0	$0
David Sell (Director)	$44,100	$0	$0
James Batton (Director)	$43,000	$0	$0
Dale Ancell (Director)	$42,100	$0	$0
David Marricle (Director)	$42,050	$0	$0
Shad Mcdaniel (Director)	$42,000	$0	$0
David Tipton (Director)	$41,100	$0	$0
Bobby Fuchs (Director)	$41,050	$0	$0
Greg Henley (Director)	$40,100	$0	$0
Brent Wheeler (Director)	$40,050	$0	$0
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990

Filed on Nov. 8, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$290,536,846

Expenses

$272,965,360

Net Income

$17,571,486

Net Assets

$423,058,443

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$488,323	0.2%
Program Services	$286,568,583	98.6%
Investment Income	$3,666,269	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$186,329
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,017,165	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,360,906	2.0%

Assets/Debt
Total Assets	$1,099,366,909
Total Liabilities	$676,308,466
Net Assets	$423,058,443

Club or Co-Op Income
Income From Members	$162,420,012
Income From Other Sources	$0

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Schwirtz (President &)	$2,943,326	$0	$150,495
Joseph Hayden (Coo)	$414,197	$0	$129,953
Scott Gross (Cfo/Asst.Tre)	$373,227	$0	$101,143
Mary Hekman (Former Legal)	$325,352	$0	$0
William Harrelson (Chief Legal/)	$321,904	$0	$100,753
Michael Wise (Sr.Vp/Regula)	$314,087	$0	$119,478
Margaret Rupert (Chief Strate)	$312,174	$0	$97,593
John Eichelmann (Vp, Member S)	$280,644	$0	$66,742
Stephen Cross (Dir. Power S)	$263,780	$0	$90,344
Bradley Swadling (Dir.Corporat)	$252,458	$0	$86,056
William Pippin (Vp, Producti)	$245,215	$0	$56,636
Darla Blackmore (Vp, Human Re)	$240,393	$0	$78,567
Thomas Burke (Regulatory/M)	$237,793	$0	$86,833
Mathew Moore (Dir.Market O)	$235,861	$0	$86,456
David Sell (Director)	$47,250	$0	$0
Stan Mcclendon (Chairman B)	$41,150	$0	$0
Dale Ancell (Director)	$40,150	$0	$0
James Batton (Director)	$40,050	$0	$0
Clint Gardner (Director)	$39,100	$0	$0
David Marricle (Director)	$39,050	$0	$0
Brent Wheeler (Director)	$39,050	$0	$0
Kelly Lankford (Sec/Treasury)	$38,100	$0	$0
Ryan Bartlett (Director)	$37,000	$0	$0
Mark Mcclain (Director)	$35,150	$0	$0
William Whitten (Vice Chairma)	$35,150	$0	$0
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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$258,795,626

Expenses

$248,746,193

Net Income

$10,049,433

Net Assets

$417,986,957

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$481,618	0.2%
Program Services	$254,727,425	98.4%
Investment Income	$3,579,000	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$4,417
Net Fundraising	$0
Sales of Assets	$12,000	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,940,398	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,748,765	2.7%

Assets/Debt
Total Assets	$1,131,441,029
Total Liabilities	$713,454,072
Net Assets	$417,986,957

Club or Co-Op Income
Income From Members	$156,442,248
Income From Other Sources	$0

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Schwirtz (President & Ceo)	$626,219	$0	$311,888
Mary Hekman (Chief Legal Officer)	$451,631	$0	$67,780
Joseph Hayden (Chief Operating Officer)	$393,343	$0	$114,406
Scott Gross (Assistant Treasurer & Cfo)	$326,590	$0	$98,912
Michael Wise (Sr Vp,Comm Operations & Transmission)	$295,477	$0	$97,535
Margaret Rupert (Chief Strategy/Info & Risk Officer)	$282,462	$0	$95,844
William Harrelson (Asst Sec/Gen Counsel/Chief Legal Officer)	$275,381	$0	$84,310
Stephen Cross (Vp Engineering)	$248,768	$0	$81,202
John Eichelmann (Vp Member Services)	$243,202	$0	$54,848
Bradley Swadling (Vp Corporate Technology)	$237,613	$0	$82,388
Scott Krawec (Controller & Cao)	$236,652	$0	$83,364
Thomas Burke (Director Regulatory & Transmission Policy)	$223,378	$0	$85,573
Darla Fishback (Vp Human Resources)	$223,317	$0	$71,529
Matthew Moore (Director Market Operations)	$220,168	$0	$82,825
William Pippin (Vp Production)	$210,603	$0	$73,597
Bret Yeary (Manager Of Project Development)	$191,133	$0	$75,115
Stan Mcclendon (Chairman And President Of The Board)	$53,050	$0	$0
Kelly Lankford (Secretary/Treasury Of The Board)	$53,000	$0	$0
David Sell (Director)	$47,050	$0	$0
Brent Wheeler (Director)	$44,000	$0	$0
James Batton (Director)	$42,050	$0	$0
Clint Gardner (Director)	$40,050	$0	$0
Darrell Stephens (Director)	$38,050	$0	$0
Greg Henley (Director)	$36,000	$0	$0
William Whitten (Vice Chairman & Vp Of The Board)	$35,300	$0	$0
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990

Filed on Nov. 10, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$229,950,266

Expenses

$201,626,611

Net Income

$28,323,655

Net Assets

$416,237,524

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$474,912	0.2%
Program Services	$220,306,919	95.8%
Investment Income	$9,060,378	3.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$108,057	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,887,079	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,425,074	2.7%

Assets/Debt
Total Assets	$1,169,224,046
Total Liabilities	$752,986,522
Net Assets	$416,237,524

Club or Co-Op Income
Income From Members	$163,018,887
Income From Other Sources	$0

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Schwirtz (President & General Manager)	$650,647	$0	$334,886
Joseph Hayden (Chief Operating Officer)	$378,981	$0	$112,194
Mary Hekman (Asst Sec & Chief Legal Officer)	$375,795	$0	$109,981
Scott Gross (Vp, Asst Treasurer & Cfo)	$333,460	$0	$90,266
Jacqueline Humphrey (Vp Finance & Accounting)	$328,994	$0	$19,700
Michael Wise (Sr Vp,Comm Operations & Transmission)	$309,601	$0	$97,811
Margaret Rupert (Chief Strategy/Info & Risk Officer)	$274,628	$0	$83,939
Stephen Cross (Vp Engineering)	$257,493	$0	$80,677
William Harrelson (Assoc Gen Council Regulatory)	$243,885	$0	$86,370
Scott Krawec (Controller & Cao)	$239,539	$0	$82,378
Bradley Swadling (Vp Corporate Technology)	$234,749	$0	$74,191
John Eichelmann (Vp Member Services)	$234,714	$0	$53,583
Thomas Burke (Mgr Regulatory/Transmission Policy)	$231,870	$0	$83,560
Matthew Moore (Director Of Market Operations)	$228,995	$0	$81,713
George Hess (Vp Production)	$227,465	$0	$34,061
Darla Mcgee (Vp Human Resources)	$221,220	$0	$72,488
William Pippin (Vp Production)	$205,314	$0	$66,437
David Sell (Director)	$34,600	$0	$0
Brent Wheeler (Director)	$34,600	$0	$0
Kelly Lankford (Director)	$33,750	$0	$0
William Whitten (Vice Chairman Of The Board)	$32,550	$0	$0
Stan Mcclendon (Chairman Of The Board)	$30,750	$0	$0
Clinton Gardner (Director)	$28,550	$0	$0
James Batton (Director)	$27,800	$0	$0
Roger Blackwelder (Director)	$26,300	$0	$0
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990

Filed on Nov. 15, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$292,664,414

Expenses

$260,719,013

Net Income

$31,945,401

Net Assets

$395,913,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$468,207	0.2%
Program Services	$288,274,936	98.5%
Investment Income	$3,850,752	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$70,519	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,094,303	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,349,514	1.7%

Assets/Debt
Total Assets	$1,080,302,662
Total Liabilities	$684,388,793
Net Assets	$395,913,869

Club or Co-Op Income
Income From Members	$145,230,196
Income From Other Sources	$2,895,211

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Schwirtz (President & General Manager)	$546,616	$0	$263,932
Jacqueline Humphrey (Vp, Finance/Accounting/Cfo)	$347,544	$0	$115,279
Mary Hekman (Gen Counsel,Vp Legal/Risk/Compliance/Asst Sec)	$294,952	$0	$93,826
Michael Wise (Sr Vp,Comm Operations & Transmission)	$247,143	$0	$91,468
George Hess (Vice President, Production)	$245,238	$0	$99,799
Scott Gross (Vp, Finance/Accounting/Interim Cfo)	$227,992	$0	$93,640
Stephen Cross (Vp, Engineering/Project Management)	$211,219	$0	$80,554
William Harrelson (Assoc Gen Council Regulatroy Affairs)	$210,317	$0	$80,370
Scott Krawec (Controller & Cao)	$203,855	$0	$71,349
Margaret Rupert (Vp, Information Technology & Cio)	$203,476	$0	$94,643
Matt Moore (Director Market Operations)	$200,198	$0	$76,636
Thomas Burke (Mgr Regulatory/Transmission Policy)	$194,411	$0	$84,204
John Eichelmann (Vp Member Services)	$185,967	$0	$54,675
Stan Mcclendon (Chairman Of The Board)	$45,898	$0	$0
Kelly Lankford (Director)	$37,500	$0	$0
Brent Wheeler (Director)	$34,550	$0	$0
David Sell (Director)	$33,400	$0	$0
Greg Henley (Director)	$31,500	$0	$0
David Marricle (Director)	$30,050	$0	$0
Gaylord Groce (Director)	$28,550	$0	$0
Dale Ancell (Director)	$27,750	$0	$0
James Batton (Director)	$27,050	$0	$0
Earl Brown (Director)	$27,050	$0	$0
Bobby Fuchs (Director)	$26,250	$0	$0
Tommy Joines (Director)	$26,250	$0	$0
See filing for compensation of 22 other people →

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990

Filed on Nov. 16, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$257,984,949

Expenses

$221,700,415

Net Income

$36,284,534

Net Assets

$371,468,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$461,501	0.2%
Program Services	$252,650,466	97.9%
Investment Income	$4,843,225	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$29,757	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,303,472	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,599,706	1.6%

Assets/Debt
Total Assets	$1,036,948,474
Total Liabilities	$665,480,006
Net Assets	$371,468,468

Club or Co-Op Income
Income From Members	$237,656,263
Income From Other Sources	$20,357,259

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Schwirtz (President & General Manager)	$498,610	$0	$418,039
Mary Hekman (Vp Legal Risk & Compliance/Asst. Sec)	$266,639	$0	$82,252
Jacqueline Humphrey (Vice President/Cfo/Asst. Treasurer)	$235,471	$0	$82,046
Michael Wise (Vp, Comm Operations & Transmission)	$221,353	$0	$88,273
Stephen Cross (Vice President, Engineering)	$196,775	$0	$87,626
William Harrelson (Assoc Gen Counsel,Regulatory Affairs)	$193,116	$0	$73,088
George Hess (Vice President, Production)	$187,525	$0	$57,808
Matt Moore (Manager Market Operations)	$157,957	$0	$68,420
Steve Wiegand (Treasury & Regulation Administrator)	$156,217	$0	$65,266
William Pippin (Senior Production Asset Manager)	$152,601	$0	$56,200
Shane Mcminn (Manager Of Engineering Services)	$149,851	$0	$69,777
Randy Allison (Former Vp, Production)	$116,690	$0	$0
Margaret Rupert (Vice President, It & Cio)	$92,907	$0	$13,818
Brent Wheeler (Director)	$34,550	$0	$0
Kelly Lankford (Director)	$33,750	$0	$0
Stan Mcclendon (Chairman Of The Board)	$32,250	$0	$0
David Sell (Director)	$31,550	$0	$0
Dale Ancell (Director)	$30,150	$0	$0
David Marricle (Director)	$29,250	$0	$0
Roland Witt (Vice Chairman Of The Board)	$28,650	$0	$0
James Batton (Director)	$27,800	$0	$0
Greg Henley (Director)	$27,050	$0	$0
Earl Brown (Director)	$27,000	$0	$0
Vick Christian (Director)	$25,600	$0	$0
Darrell Stephens (Director)	$24,800	$0	$0
See filing for compensation of 22 other people →

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990

Filed on Nov. 17, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$204,138,880

Expenses

$163,438,424

Net Income

$40,700,456

Net Assets

$342,183,934

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$321,864	0.2%
Program Services	$190,980,828	93.6%
Investment Income	$12,921,978	6.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$85,790
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,001,235	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,942,301	1.2%

Assets/Debt
Total Assets	$939,001,919
Total Liabilities	$596,817,985
Net Assets	$342,183,934

Club or Co-Op Income
Income From Members	$195,754,160
Income From Other Sources	$8,538,257

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$169,832,644

Expenses

$122,795,393

Net Income

$47,037,251

Net Assets

$301,483,478

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$315,158	0.2%
Program Services	$152,326,105	89.7%
Investment Income	$14,552,505	8.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$148,828	0.1%
Net Fundraising	$0
Sales of Assets	$1,276	0.0%
Net Inventory Sales	$0
Other Revenue	$2,488,772	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,202,606	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,408,891	1.1%

Assets/Debt
Total Assets	$935,879,710
Total Liabilities	$634,396,232
Net Assets	$301,483,478

Club or Co-Op Income
Income From Members	$176,760,602
Income From Other Sources	$1,958,038

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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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.

Updated December 20, 2024

Golden Spread Electric Cooperative Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $772M (2022)

Expenses $761M (2022)

Total Assets $1.27B (2022)

Total Liabilities $807M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$772M (2022)

Expenses

$761M (2022)

Total Assets

$1.27B (2022)

Total Liabilities

$807M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004