Civic Intelligence

Kiamichi Electric Cooperative Inc

EIN 73-0539216 • 501(c)12 • Wilburton, OK

Profile

To make electric energy available to all members of the cooperative at the lowest cost consistent with sound economy and good management.

PO Box 340Wilburton, OK 74578

kiamichielectric.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.61x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

1.59x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Net Margin

48th percentile

0.0%

Higher net margin than 48% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$433,762

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Asset Growth

54th percentile

4.8%

Faster asset growth than 54% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

20th percentile

-0.1%

Faster revenue growth than 20% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$135,800,074

Up $6,161,188 (+4.8%) from 2023

Liabilities

Up

$82,613,024

Up $3,329,817 (+4.2%) from 2023

Net Assets

Up

$53,187,050

Up $2,831,371 (+5.6%) from 2023

Revenue

Down

$52,021,006

Down $68,160 (-0.1%) from 2023

Expenses

Down

$52,021,006

Down $68,160 (-0.1%) from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2011: $81,114,283Liabilities 2011: $55,655,573Net Assets 2011: $25,458,7102011Assets 2012: $84,836,463Liabilities 2012: $58,406,214Net Assets 2012: $26,430,2492012Assets 2013: $87,014,585Liabilities 2013: $58,794,949Net Assets 2013: $28,219,6362013Assets 2014: $99,078,049Liabilities 2014: $68,263,912Net Assets 2014: $30,814,1372014Assets 2015: $99,935,495Liabilities 2015: $62,552,414Net Assets 2015: $37,383,0812015Assets 2016: $103,970,814Liabilities 2016: $63,688,323Net Assets 2016: $40,282,4912016Assets 2017: $107,166,606Liabilities 2017: $65,107,031Net Assets 2017: $42,059,5752017Assets 2018: $110,072,440Liabilities 2018: $67,589,475Net Assets 2018: $42,482,9652018Assets 2019: $111,763,658Liabilities 2019: $68,965,716Net Assets 2019: $42,797,9422019Assets 2020: $114,216,831Liabilities 2020: $69,605,180Net Assets 2020: $44,611,6512020Assets 2021: $118,158,279Liabilities 2021: $72,533,179Net Assets 2021: $45,625,1002021Assets 2022: $121,989,088Liabilities 2022: $74,005,038Net Assets 2022: $47,984,0502022Assets 2023: $129,638,886Liabilities 2023: $79,283,207Net Assets 2023: $50,355,6792023Assets 2024: $135,800,074Liabilities 2024: $82,613,024Net Assets 2024: $53,187,0502024

Highlighted filing

2024

Assets$135,800,074
Liabilities$82,613,024
Net Assets$53,187,050

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $38,378,128Expenses 2011: $38,378,128Net Income 2011: $02011Expenses 2012: $37,203,2492012Revenue 2013: $39,843,533Expenses 2013: $39,843,551Net Income 2013: -$182013Revenue 2014: $44,453,512Expenses 2014: $44,453,512Net Income 2014: $02014Revenue 2015: $41,698,183Expenses 2015: $41,698,183Net Income 2015: $02015Revenue 2016: $40,994,988Expenses 2016: $40,994,988Net Income 2016: $02016Revenue 2017: $38,871,267Expenses 2017: $38,871,267Net Income 2017: $02017Revenue 2018: $39,954,559Expenses 2018: $39,954,559Net Income 2018: $02018Revenue 2019: $41,794,898Expenses 2019: $41,794,898Net Income 2019: $02019Revenue 2020: $40,589,514Expenses 2020: $40,589,514Net Income 2020: $02020Revenue 2021: $46,432,215Expenses 2021: $46,432,215Net Income 2021: $02021Revenue 2022: $54,444,719Expenses 2022: $54,444,719Net Income 2022: $02022Revenue 2023: $52,089,166Expenses 2023: $52,089,166Net Income 2023: $02023Revenue 2024: $52,021,006Expenses 2024: $52,021,006Net Income 2024: $02024

Highlighted filing

2024

Revenue$52,021,006
Expenses$52,021,006
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$136$82.6$53.2$52.0$52.0$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$130$79.3$50.4$52.1$52.1$0.00
2022Detailed filing. Detailed filing data is available for this year.$122$74.0$48.0$54.4$54.4$0.00
2021Detailed filing. Detailed filing data is available for this year.$118$72.5$45.6$46.4$46.4$0.00
2020Detailed filing. Detailed filing data is available for this year.$114$69.6$44.6$40.6$40.6$0.00
2019Detailed filing. Detailed filing data is available for this year.$112$69.0$42.8$41.8$41.8$0.00
2018Detailed filing. Detailed filing data is available for this year.$110$67.6$42.5$40.0$40.0$0.00
2017Detailed filing. Detailed filing data is available for this year.$107$65.1$42.1$38.9$38.9$0.00
2016Detailed filing. Detailed filing data is available for this year.$104$63.7$40.3$41.0$41.0$0.00
2015Detailed filing. Detailed filing data is available for this year.$99.9$62.6$37.4$41.7$41.7$0.00
2014Detailed filing. Detailed filing data is available for this year.$99.1$68.3$30.8$44.5$44.5$0.00
2013Detailed filing. Detailed filing data is available for this year.$87.0$58.8$28.2$39.8$39.8$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.8$58.4$26.4$37.2
2011Summary only. Only limited summary data is available for this year.$81.1$55.7$25.5$38.4$38.4$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.2
Gross Receipts
$52,095,516
Mission and Program Overview

Mission

To provide safe, reliable electric service to all members of the cooperative at the lowest possible cost consistent with sound economics and good management.

To provide safe, reliable electric service to all members of the cooperative.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$96,790,888$101,626,931▲ $4,836,043
Rtn Earn Endowment Incm Other Fnds$50,268,554$53,099,900▲ $2,831,346
Investments Program Related$23,366,412$25,254,340▲ $1,887,928
Accounts Receivable$6,771,645$6,780,708▲ $9,063
Inventories for Sale or Use$2,132,816$1,853,663▼ $279,153
Prepaid Expenses and Deferred Charges$429,091$133,185▼ $295,906
Cash and Non-Interest-Bearing Accounts$114,774$117,833▲ $3,059
Cap Stk Tr Prin Current Funds$87,125$87,150▲ $25
Savings and Temporary Cash Investments$22,099$22,173▲ $74
Investments Other Securities$3,470$3,571▲ $101
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$129,638,886$135,800,074▲ $6,161,188
Other Assets Total$7,691$7,670▼ $21
Liabilities
Mortgage Notes Payable Secured by Investment Property$53,567,367$50,082,814▼ $3,484,553
Unsecured Notes Loans Payable$6,795,361$14,577,966▲ $7,782,605
Other Liabilities$14,653,964$12,957,630▼ $1,696,334
Accounts Payable and Accrued Expenses$4,266,515$4,994,614▲ $728,099
Total Liabilities$79,283,207$82,613,024▲ $3,329,817
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,355,679$53,187,050▲ $2,831,371
Total Liabilities and Net Assets / Fund Balance$129,638,886$135,800,074▲ $6,161,188

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$90,709,779$30,288,076$120,997,855
Buildings$8,130,193$1,525,661$9,655,854
Equipment$2,555,861$4,473,322$7,029,183
Land$231,098-$231,098
Investment Program Related Org$28,907--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brett OrmeCEOFT$293,688$141,216$434,904
Dennis DolanManager of OperationsFT$143,602$130,211$273,813
Crystal ButlerCFOFT$152,000$74,759$226,759
Bryar BarrsJourneyman LinemanFT$153,487$43,942$197,429
Jeremy ShafferArea Maintenance ManFT$139,214$43,734$182,948
Brandon DoyleConstruction ForemanFT$151,005$27,433$178,438
Carson GrayJourneyman LinemanFT$143,984$17,168$161,152
Russell ShawVice-presidentPT$51,201-$51,201
Ron PelanconiPresidentPT$47,265-$47,265
David RayDirectorPT$40,965-$40,965
Amy MillerSecretary/treasurerPT$37,470-$37,470
Mark IchordDirectorPT$35,250-$35,250
Larry CulwellDirectorFT$34,665-$34,665
Don ParrDirectorPT$30,388-$30,388

Highest Paid Contractors

ContractorServicesLocationCompensation
Gordon ConstructionOh Line Construction/maintenance905 WEST MAIN, Stigler, OK 74462$4,204,743
West Tree Service INCRight-of-way Maintenance6300 FORBING ROAD, Little Rock, AR 72209$1,451,781
Ricky Crane Construction LLCUg Line Construction28030 GOAT RIDGE RD, Wister, OK 74966$202,779
Riggs Tree ServiceRight-of-way MaintenancePO BOX 453225, Grove, OK 74345$181,151
US ApplicatorsRight-of-way MaintenancePO BOX 563, Louisville, MS 39339$172,232
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,661,669
Investment Income
$32,078
Other Revenue
$327,259
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$52,021,006
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,688
Total Revenue per Audited Statements
$52,018,318
Total Revenue per Form 990
$52,021,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,804,204
Salaries, Compensation, and Employee Benefits$897,032
Grants and Similar Amounts Paid$6,461
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$4,158,071
Benefits to Members---$3,313,309
Interest---$3,123,741
All Other Expenses---$2,712,207
Other Expenses---$1,547,487
Current Officers, Directors, Trustees, and Key Employees---$897,032
Grants to Domestic Orgs---$6,461
Total Functional Expenses$0$0$0$52,021,006

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$52,021,006
Expenses per Audited Statements$48,705,009
Total Expenses per Audited Statements$48,705,009
Expenses Not Reported on Financial Statements$3,315,997
Other Expense Adjustments$3,315,997
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Credits$5,660,061
Accumulated Provisions - Asset Retirement Obligations$4,446,263
Customer Deposits$2,851,306
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The cooperative has one class of membership.

Form 990, Part VI, Section A, Line 7A

Members of the cooperative vote to elect district officers of the board of trustees.

Form 990, Part VI, Section A, Line 7B

The cooperative may not sell, mortgage, lease or otherwise dispose of or encumber all or any substantial portion of its property without approval of the majority of the members of the cooperative.

Form 990, Part VI, Section A, Line 8B

The cooperative does not utilize an executive committee.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is given to the board and also reviewed by the ceo and cfo.

Form 990, Part VI, Section B, Line 12C

Board members, officers and key employees are required to immediately disclose any situations that do or could create a conflict of interest. Potential conflicts are reported to the unimpacted general manager or board trustee. The board of directors will determine whether a conflict exists. If it's determined there is a real or apparent conflict of interest, the cooperative will disqualify the affected individual from acting on any matter or participating in any decision(s) that could be impacted by the conflict. Failure by the affected person to comply with the conflict of interest policy subjects the individual to disciplinary action, up to and including termination, if so warranted by the offense.

Form 990, Part VI, Section B, Line 15A

The cooperative uses statewide and national comparative data annually for determining compensation for the ceo, the cfo, and the employees. The determination of compensation is made by independent persons and is documented.

Form 990, Part VI, Section C, Line 19

Governing documents are available on the cooperative's website upon request. Audited financial statements are included in the annual meeting newsletter and upon request.

FORM 990, PART VII, COLUMN F, OTHER COMPENSATION:

Included in other compensation is the estimated current year increase or decrease in the actuarial value of the defined benefit plan for the chief executive officer and the chief financial officer. The current year increase or decrease does not represent current year contributions to the plan. Rather, it is an estimate of the increase or decrease in the actuarial value of the plan as calculated by the plan administrator.

Filing and Contact Details

Filer

Filer Name
Kiamichi Electric Cooperative Inc
EIN
73-0539216
Phone
9184652338
Address
PO BOX 340, WILBURTON, OK 74578

Signing Officer

Name
Brett Orme
Title
CEO
Phone
9184652338
Signed
2025-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brett Orme
Formed
1945
Legal Domicile
Ok
Voting Board Members
7
Independent Board Members
7
Employees
66
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
345 N REID PL STE 400, SIOUX FALLS, SD 57103-7034
Preparer
Laurie Hanson CPA
Phone
6053391999
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Retirement of capital credits -942,841. Gain on accum. Post-retirement benefit obligation 345,274. Amort. Of accum. Post-retirement benefit obligation -128,929. Memberships - net change 25. Change in other equities 244,533. Allocation of 2024 margins to members in 2025 3,313,309.

Financial Statement Notes

PART X, LINE 2:

The cooperative evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. As of december 31, 2024 and 2023, the unrecognized tax benefit accrual was zero. The cooperative will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Wildblue expenses netted to revenue for gaap -2,688.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

OTHER ADJUSTMENT

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Wildblue expenses netted to revenue for gaap 2,688. Allocation of 2024 margins to members in 2025 3,313,309.

Raw XML AppendixShowing 400 of 635 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt10AREA MAINTENANCE MAN
IRS990/Form990PartVIISectionAGrp/TitleTxt11CONSTRUCTION FOREMAN
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