2025-10-07T11:35:18-00:00 2024-12-31 990 2024-01-01 314234980 LICKING RURAL ELECTRIFICATION INC LICK 1500 GRANVILLE ROAD Newark OH 43055 PATRICK MCGONAGLE VP CFO 2025-10-07 false 2024 2025-03-06 01:10:19Z PATRICK MCGONAGLE 1500 GRANVILLE ROAD NEWARK OH 43058 73811472 false X www.theenergycoop.com X 1936 OH DISTRIBUTE ELECTRICITY TO ITS MEMBERS 9 9 56 0 0 65481458 71390737 499245 478968 3226509 1941767 69207212 73811472 0 0 1966601 1586829 0 0 64255975 69340128 66222576 70926957 2984636 2884515 354209166 359387067 261716630 264512538 92492536 94874529 DISTRIBUTE ELECTRICITY TO ITS MEMBERS false false LICKING RURAL ELECTRIFICATION DISTRIBUTES ELECTRICITY TO 27,549 MEMBERS IN 9 COUNTIES WITHIN OHIO. false false false false false false false false false true true false true true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 96 0 true 56 true false false false false false false false false false false false false 70112998 3698473 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false OH X PAT MCGONAGLE 8002556815 1500 GRANVILLE ROAD NEWARK OH 430584970 TODD WARE PRESIDENT CEO 017.00 023.00 X 0 429589 150507 DANIEL MCVEY VP COO 040.00 X 0 342614 134121 PAT MCGONAGLE VP CFO 016.00 024.00 X 0 322771 141126 CONNIE HOGUE VP OF HUMAN RESOURCES/SAFETY 018.00 022.00 X 0 240513 89432 JOSH FILLER VP COO 050.00 X 222391 0 85242 JOE HIGDON CONTROLLER 017.00 023.00 X 0 204286 100334 SCOTT STITTS VP CIO 014.00 026.00 X 0 213898 89382 PATRICK MULLIGAN GAS ENGINEERING MANAGER 040.00 X 0 171407 77988 DON WHEELER GAS OPERATIONS MANAGER 040.00 X 0 173779 74203 NELSON SMITH DIRECTOR 003.00 006.25 X 34850 0 0 JOHN KLAUDER DIRECTOR 001.00 005.00 X 25225 0 0 ROY VAN ATTA DIRECTOR 000.17 000.83 X 24500 0 0 BRAD PATTON DIRECTOR 000.67 003.33 X 21525 0 0 TOM GRAHAM DIRECTOR 000.67 003.33 X 21450 0 0 WAYNE ZOLLARS DIRECTOR 000.67 003.33 X 19950 0 0 JOANNE LITTLE DIRECTOR 000.67 003.33 X 17275 0 0 DONALD HAWK DIRECTOR 000.67 003.33 X 17025 0 0 DUSTIN BUCKINGHAM DIRECTOR 001.50 004.00 X 17025 0 0 421216 2098857 942335 20 false true false NEW RIVER ELECTRICAL CORP PO BOX 70 CLOVERDALE VA 24077 FACILITIES CONSTRUCTION 2349723 SMARTBILL PO BOX 105 HEBRON OH 43025 BILLING 596122 BOSS & SON EXCAVATING LLC PO BOX 35 BLADENSBURG OH 43005 FACILITES CONSTRUCTION 995173 LAROCHE AVIATION SERVICES LLC 7 COMMERCE PARKWAY BELLAIRE OH 43906 RIGHT OF WAY CLEARING 1460054 HYSONG TREE SERVICE LLC 11069 PINEVIEW RD ST LOUISVILLE OH 43071 RIGHT OF WAY CLEARING 435700 15 RESIDENTIAL COMMERCIAL 71390737 71390737 71390737 478968 478968 553254 553254 553254 553254 PATRONAGE CAPITAL 1388513 1388513 1388513 73811472 71390737 2420735 0 0 0 0 506458 0 825274 0 255097 0 30000 111206 32185 0 0 17331 0 374741 0 0 0 0 0 154080 5384992 0 6282136 58030 PURCHASE POWER 41989214 MAINTENANCE 5160890 PROPERTY TAXES 3273859 CUSTOMER ACCOUNTS 2337100 4134364 70926957 1984357 1503492 9322274 7999330 2349806 2447837 1058337 1267652 220381573 64377652 153135975 156003921 41762483 41132270 144595934 149032565 354209166 359387067 10835762 10820192 245947897 248576314 4932971 5116032 261716630 264512538 X 99065 95655 92393471 94778874 92492536 94874529 354209166 359387067 X 2884515 -502522 X false true X true false false false 2941613 2941613 144606427 32188826 112417601 72833533 32188826 40644707 156003921 Financial derivatives and other financial products Closely-held equity interests PATRONAGE CAPTIAL 41132270 C 41132270 INTERCOMPANY ACCOUNTS 149032565 149032565 Federal income taxes ACCRUED POST RETIREMENT PENSION 4543599 DEFFERED CREDITS CONSUMER DEPOSITS 572433 5116032 X X 2 The Cooperative accounts for uncertainty in income taxes in its consolidated financial statements as required under Financial Accounting Standars Codification, Accounting for Uncertainty in Income Taxes. The Cooperative believes there are no material uncertain tax postions. true true X X X X false false false TODD WARE PRESIDENT CEO 419911 9678 141093 9414 580096 DANIEL MCVEY VP COO 326605 9400 6609 115260 18861 476735 PAT MCGONAGLE VP CFO 310140 6025 6606 110755 30371 463897 SCOTT STITTS VP CIO 202441 4800 6657 71686 17696 303280 JOSH FILLER VP COO 209651 7045 5695 68745 16497 307633 CONNIE HOGUE VP OF HUMAN RESOURCES/SAFETY 227037 6700 6776 79879 9553 329945 JOE HIGDON CONTROLLER 192570 5425 6291 69963 30371 304620 DON WHEELER GAS OPERATIONS MANAGER 163005 5000 5774 57706 16497 247982 PATRICK MULLIGAN GAS ENGINEERING MANAGER 164086 2375 4946 59127 18861 249395 Form 990, Part VI, Section A, Line 6 Licking Rural Electrification has 27,549 members who elect the members of the governing board, approve significant decisions of the governing body and may receive a share of the organizations profits or excess dues or share of the organizatons assets upon the organizations dissolution Form 990, Part VI, Section A, Line 7a Each member has one vote in electing the members of the governing board Form 990, Part VI, Section A, Line 7b Some decisions of the governing body are subject to approval by members. These decisions are outlined in the articles of incorporation Form 990, Part VI, Section B, Line 11 The Form 990 is reviewed by the CEO and the CFO prior to it being signed and filed. A copy of the Form 990 is presented to the Board members prior to filing. Form 990, Part VI, Section B, Line 12c The conflict of interest policy covers all employees and directors of Licking Rural Electrification, Inc. including all related organizations. The determination of whether conflict exists is made by the CEO or other managers depending on the level of the employee involved. The CEO reviews all conflicts and any restrictions are determined on a case by case basis. Form 990, Part VI, Section B, Line 15b The Cooperative makes use of compensation data from two separate industry sources to determine pay ranges for other officers and key employees. These employees are evaluated annually by their supervisor and compensated accordingly within the guidelines of the predetermined pay ranges. The Cooperative has retained an independent consultant to review this compensation methodology. Form 990, Part VI, Section C, Line 19 All governing documents, conflicts of interest policy and financial statements are available upon request Form 990, Part XI, Line 9 Other assets of 502,522 consists of membership fees returned and retirement of patronage capital credits. Form 990, Part VI, Section B, Line 15a The Board of Directors the Board of Licking Rural Electrification, Inc. the Cooperative has a standing Executive Committee the Executive Committee that serves as its compensation committee and performs an annual review of the compensation arrangements of the Cooperatives CEO. No member of the Executive Committee or any other member of the Board has any conflict of interest as described in the Instructions to Form 990 for Line 15 of Item VI with respect to the compensation arrangements regarding the Cooperatives CEO. The Executive Committee reviews the performance appraisals of the CEO completed by members of the Board, along with data as to comparable compensation of qualified persons in functionally comparable positions at similarly situated organizations. After reviewing the appraisals and compensation data, the Executive Committee makes a recommendation to the Board regarding adjustments to the compensation arrangements of the CEO. After deliberating, the Board makes a decision as to any adjustments to the CEOs compensation arrangements. Minutes as to the deliberations and decisions of the Board regarding the CEOs compensation arrangements are contemporaneously taken and entered into the Cooperatives records of the Boards proceedings. NGO TRANSMISSION COOPERATIVE 1500 GRANVILLE RD NEWARK OH 430584970 050592013 NAT GAS TRANSPORT OH 501c12 NO NATL GAS & OIL COMP false PRODUCERS GAS SALES INC 1500 GRANVILLE RD NEWARK OH 430584970 311121963 MKT OF NAT GAS OH 501c12 NO NATL GAS & OIL COMPANY false NATIONAL GAS & OIL COOPERATIVE 1500 GRANVILLE RD NEWARK OH 430584970 314215215 NAT GAS DIST OH 501c12 NO NATL GAS & OIL COMPANY false TEC ROUND-UP FOUNDATION INC 1500 GRANVILLE RD NEWARK OH 430584970 203486818 FUNDING ASSIST OH 501c3 11a NA false NGO PROPANE COOPERATIVE 1500 GRANVILLE RD NEWARK OH 43055 311603183 PROPANE DIST OH NATL GAS & OIL COMPANY C Corp 1.00000 false NATIONAL GAS AND OIL COMPANY 1500 GRANVILLE RD NEWARK OH 43055 311004640 NAT GAS SERV OH NA C Corp 1.00000 false NGO DEVELOPMENT CORPORATION INC 1500 GRANVILLE RD NEWARK OH 43055 830449797 OIL GAS PROD OH NATL GAS & OIL COMPANY C Corp 1.00000 false THE ENERGY COOPERATIVE INC 1500 GRANVILLE RD NEWARK OH 43055 300160177 NAT GAS MKT OH NA C Corp 1.00000 false false false false true false false false false false false false true true true true true true true true NATIONAL GAS & OIL COMPANY d 256327 NATIONAL GAS & OIL COOPERATIVE d 7868349 PRODUCERS GAS SALES d 950367 NGO PROPANE d 380007 NGO DEVELOPMENT d 419294 NGO TRANSMISSION d 1980222 NATIONAL GAS & OIL COOPERATIVE o 1493879 PRODUCERS GAS SALES o -43421 NGO PROPANE COOPERATIVE o -47300 NGO TRANSMISSION o -102517 NATIONAL GAS & OIL COMPANY p 138714 NATIONAL GAS & OIL COOPERATIVE p 1457145 NGO DEVELOPMENT q 1770305 NGO TRANSMISSION p 4105707 PRODUCERS GAS SALES q 11432073 NGO PROPANE COOPERATIVE q 3825240 NATIONAL GAS & OIL COMPANY r 245898 NATIONAL GAS & OIL COOPERATIVE r 2435783 NGO PROPANE COOPERATIVE r 2445379 NGO DEVELOPMENT r 484212 PRODUCERS GAS SALES s 324564 NGO TRANSMISSION s 497322