2023-05-12T12:32:05-05:00 2022-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2022-01-01 610277343 MEADE COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION MEAD 2704222162 PO BOX 489 BRANDENBURG KY 40108 MARTIN LITTREL PRESIDENT & CEO 2704222162 2023-05-09 1 MARTIN LITTREL 999009999 1 TRAVIS C FRICK P01728213 5025830248 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARTIN LITTREL PO BOX 489 BRANDENBURG KY 40108 68475133 0 X WWW.MCRECC.COM X 1937 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,975 CONSUMERS MONTHLY. 7 7 86 0 0 0 0 0 55555313 67813781 110246 199802 402979 461550 56068538 68475133 0 0 1866668 1136745 7026220 7390080 0 0 0 47175650 59948308 56068538 68475133 0 0 114856547 116049029 76702108 77173975 38154439 38875054 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,975 CONSUMERS MONTHLY. 0 0 68475133 67969735 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,975 CONSUMERS MONTHLY. 68475133 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 86 1 0 0 0 0 0 0 0 67969735 505398 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ANNA SWANSON CFO 2704222162 PO BOX 489 BRANDENBURG KY 40108 ROBERT RHODES CHAIRMAN 8.00 X X 9855 0 0 DR JAMES G SILLS VICE CHAIRMAN 8.00 X X 9110 0 0 DARLA SIPES SEC-TREAS 8.00 X X 11615 0 0 DAVID T WILSON II DIRECTOR 6.00 X 10132 0 0 PAUL EDD BUTLER DIRECTOR 8.00 X 9115 0 0 CHRISTOPHER CREECH DIRECTOR 6.00 X 10382 0 0 STEPHEN BARR DIRECTOR 6.00 X 9882 0 0 MARTIN LITTREL PRESIDENT/CEO 55.00 X 253683 0 48009 DAVID POE VP ENGINEERING & OPERATION 50.00 X 188484 0 40714 ANNA SWANSON CFO 50.00 X 154504 0 31476 DAVID PACE VP, PUBLIC RELATIONS & MKT 50.00 X 121113 0 33998 TODD BLACKBURN VP CORPORATE COMPLIANCE & EXTERNAL AFFAIRS 50.00 X 126211 0 22895 MICHAEL FRENCH SYSTEM ENGINEER 45.00 X 120050 0 44598 MIKE FORD STAKING SUPERVISOR 45.00 X 109515 0 31743 KELLY NICHOLS FOREMAN LINEMAN 49.00 X 113778 0 18795 JOHN CROSIER OPERATIONS SUPERINTENDANT 45.00 X 110993 0 21532 1368422 0 293760 9 0 1 0 0 ELECTRIC SERVICE 221000 67813781 67813781 67813781 199802 199802 JOINT USE POLE ATTACHMENT 221000 296821 296821 PATRONAGE CAPITAL ALLOCAT 221000 155954 155954 SALE OF GENERAL PLANT 221000 8775 8775 461550 68475133 67969735 0 505398 1136745 1136745 1368423 1368423 4115348 4115348 721182 721182 766055 766055 419072 419072 14030 14030 23100 23100 145586 145586 1899525 1899525 4842965 4842965 184313 184313 PURCHASE POWER 49727223 49727223 DISTRIBUTION - MAINTENA 4085920 4085920 DISTRIBUTION - OPERATIO 3055381 3055381 COST AND INSTALLATION O 1862574 1862574 -5892309 -5892309 68475133 68475133 0 0 8572689 3430015 8716869 8567133 5401708 7345138 874255 1076326 850743 844802 143858699 52639920 88093380 91218779 2320878 2427725 26025 1139111 114856547 116049029 4626814 7767929 67194659 64419682 4880635 4986364 76702108 77173975 X 61160 58135 -365695 -365695 38458974 39182614 38154439 38875054 114856547 116049029 X 0 720615 X 0 0 0 143858699 52639920 91218779 91218779 CONSUMER DEPOSITS 1554175 OTHER CURRENT AND ACCRUED LIABILITIES 1342580 ACCUMULATED POSTRETIREMENT BENEFITS 1386496 CONSUMER ADVANCES FOR CONSTRUCTION 703113 4986364 68475133 0 68475133 0 68475133 68475133 0 68475133 0 68475133 X X X 0 0 0 MARTIN LITTREL PRESIDENT/CEO 253683 0 0 0 0 0 0 0 48009 0 301692 0 0 0 DAVID POE VP ENGINEERING & OPERATION 188484 0 0 0 0 0 20500 0 20214 0 229198 0 0 0 ANNA SWANSON CFO 154504 0 0 0 0 0 0 0 31476 0 185980 0 0 0 MICHAEL FRENCH SYSTEM ENGINEER 120050 0 0 0 0 0 0 0 44598 0 164648 0 0 0 DAVID PACE VP, PUBLIC RELATIONS & MKT 121113 0 0 0 0 0 0 0 33998 0 155111 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR THERE IS AN ELECTION TO SELECT MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY 100 OR MORE ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY AT LEAST A 2/3 MAJORITY OF MEMBERSHIP. BYLAWS MAY BE ALTERED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE FORM 990 PRIOR TO FILING. MAY MAKE INQUIRIES AND CHANGES TO THE INFORMATION CONTAINED IN THE FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A. AND B. THE BOARD RECEIVES DATA FROM BOTH LOCAL AND NATIONAL SURVEYS. THE BOARD USES THIS DATA, ALONG WITH PERFORMANCE REVIEW FOR THE CEO, TO SET COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS AND ARTICLES OF INCORPORATION ARE MADE AVAILABLE TO EACH NEW MEMBER. EACH YEAR AN ANNUAL MEETING OF MEMBERS IS HELD, WITH FINANCIAL INFORMATION DISTRIBUTED AT THIS MEETING. FINANCIAL INFORMATION IS AVAILABLE ON KENTUCKY PUBLIC SERVICE COMMISSION WEBSITE. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS -18,285. MARGINS ALLOCATED TO MEMBERS 1,136,745. MEMBERSHIPS ISSUED -3,025. REFUNDS OF CAPITAL CREDITS -394,490. OTHER EQUITIES -330. FORM 990, PART IX, LINE 4 REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE COOPERATIVE'S BYLAWS. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.