2025-05-07T11:22:27-05:00 2024-06-30 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2023-07-01 630153273 North Alabama Electric Cooperative NORT 2564372281 P O Box 628 Stevenson AL 35772 Parks Tubbs Treasurer 2564372281 2025-05-07 1 1 Patrick Cooper P00856177 3348347660 2025-05-07 2023 2025-03-06 01:10:19Z Gena Hall PO Box 628 Stevenson AL 357720628 58675843 0 X www.naecoop.com X 1940 AL Providing electric energy to its members 9 9 57 0 0 0 0 0 58612954 55231854 309249 1237124 680179 2206865 59602382 58675843 0 0 0 0 444127 784344 0 0 0 56375960 53584476 56820087 54368820 2782295 4307023 64720331 73196353 29931620 26677406 34788711 46518947 The aim of North Alabma Electric Cooperative is to make electric energy available to its members at the lowest cost consistent with sound economy and good management. 0 0 Utilizing approximately 2,300 miles of distribution lines, North Alabama Electric Cooperative provided 435,160,613 KWH's of electric energy to its cooperative members. Utilizing approximately 2,300 miles of fiber internet, North Alabama Electric Cooperative provided dependable and affordable communications services to its cooperative members. 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 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 21 0 1 57 1 0 0 0 0 0 0 0 55231854 1931164 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X John Powell 2564372281 41103 US Hwy 72 Stevenson AL 357720628 James Goins Trustee 11.00 X 17900 0 0 Steve Carver Trustee 11.00 X 29247 0 0 Parks Tubbs Secretary/Treasurer 10.00 X 17935 0 0 Warren Whitcher Trustee 10.00 X 10657 0 0 Louis Crowder Trustee 10.00 X 13501 0 0 Willard Townson President 12.00 X 10207 0 0 Mark Dover Trustee 10.00 X 29847 0 0 Bobby Hicks Trustee 10.00 X 29447 0 0 Kasey Sanders Trustee 10.00 X 400 0 0 Gena Hall General Manager 40.00 X 145878 0 63146 Dan Cobb CFO 40.00 X 105302 0 16492 William Selby Telecomm Super 40.00 X 144389 0 74271 Chassity Haynes Office Manager 40.00 X 109902 0 49828 Jason Johnson Superintendent 40.00 X 119318 0 34831 Tim Weaver Electric Foreman 40.00 X 124400 0 59029 Brian Guinn Electric Foreman 40.00 X 122225 0 39638 1030555 0 337235 19 0 1 0 Hill's Tree Surgeons 1704 Co Rd 290 Bryant AL 35958 Right of Way Clearing 1050008 Utility Construction Group 200 Scotland Dr Scottsboro AL 35769 Right of Way Clearing 271933 Townsend Tree Service PO Box 7015 Muncie IN 47308 Right of Way Clearing 213702 3 Sales of Electricity 221000 49770886 49770886 Broadband Revenue 221000 5460968 5460968 55231854 487165 487165 721400 0 721400 721400 721400 749959 0 749959 749959 749959 RDOF Grant 221000 791425 791425 Other Revenue 221000 694040 694040 1485465 58675843 56717319 0 1958524 489957 294387 481456 3317176 Purchased Power 35066861 Broadband Expenses 3351334 Distribution Maintenanc 3298612 General and Admin 2809804 5259233 54368820 14448577 12130133 4342315 4555693 926873 741234 1631872 2034442 495762 728109 80211573 39315476 37791388 40896097 4512031 5146851 571513 6963794 64720331 73196353 7828780 5812232 6134899 10672060 15967941 10193114 29931620 26677406 X 172700 174870 0 0 34616011 46344077 34788711 46518947 64720331 73196353 X 4307023 7212873 210340 X 0 1 X 1 0 417266 417266 1976515 746209 1230306 77817792 38569267 39248525 40896097 Investments in associated organizations 5146851 C 5146851 Other Receivables 2283360 Construction WIP 4680434 6963794 Advance from TVA 766300 Other Liabilities 191509 Defined Benefit Liabilities 6068040 Customer Deposits 2716350 Lease Liability 450915 10193114 X Part X, Line 2: Management has evaluated the Cooperative's tax positions and concluded that the Cooperative had taken no uncertain tax positions that require adjustment to the financial statements. X 0 0 0 William Selby Telecomm Super 144389 0 0 0 0 0 49161 0 25110 0 218660 0 0 0 Gena Hall General Manager 145878 0 0 0 0 0 37930 0 25216 0 209024 0 0 0 Tim Weaver Electric Foreman 124400 0 0 0 0 0 34661 0 24368 0 183429 0 0 0 Brian Guinn Electric Foreman 122225 0 0 0 0 0 16144 0 23494 0 161863 0 0 0 Chassity Haynes Office Manager 109902 0 0 0 0 0 26163 0 23665 0 159730 0 0 0 Jason Johnson Superintendent 119318 0 0 0 0 0 11304 0 23527 0 154149 0 0 0 Form 990, Part VI, Section A, line 6 North Alabama Electric Cooperative has members. All members have identical rights. Form 990, Part VI, Section A, line 7a North Alabama Electric Cooperative's governing body consists of ten trustees that are elected by members of the cooperative. Each trustee serves a three year term and represents a certain district within the territory served by the cooperative. The terms are staggered in order for the cooperative to only have three trustees up for election in any year. Form 990, Part VI, Section A, line 7b The business and affairs of the cooperative are managed by the board of trustees which, according to the bylaws, shall excercise all of the powers of the cooperative except the powers that are reserved to the members of the cooperative by law, the cooperative's charter, or the bylaws. Form 990, Part VI, Section B, line 11b The chief financial officer attended the board meeting and presented the form 990 to the trustees before if was filed. Each trustee was given a hard copy of the return to review as it was discussed by the CFO. The form 990 was reviewed extensively by the CFO and the general manager before the return was filed. Form 990, Part VI, Section B, line 15 The board of trustees reviews salary surveys of neighboring and like cooperatives (organizations) in determining compensation for key employees and other compensated individuals. Form 990, Part VI, Section C, line 19 The cooperative's governing documents and financial statements are available to the public upon request at its office in Stevenson, Alabama. Form 990, Part XI, line 9: Change in Memberships 2,170. Other Comprehensive Income 208,170.