2025-05-09T13:21:16-05:00 2024-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2024-01-01 610294540 NOLIN RURAL ELECTRIC COOPERATIVE CORP NOLI 2707656153 411 RING ROAD ELIZABETHTOWN KY 42701 GREG LEE PRESIDENT & CEO 2707656153 2025-05-08 1 1 TRAVIS C FRICK P01728213 5025830248 2024 2025-03-06 01:10:19Z GREG LEE 411 RING ROAD ELIZABETHTOWN KY 42701 94669933 0 X WWW.NOLINRECC.COM X 1937 KY PROVIDE ELECTRIC SERVICE ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF 38,201 CONSUMERS. 6 6 106 0 0 0 0 0 85029659 92203147 1451011 1138273 2001253 1328513 88481923 94669933 13000 12750 3609604 4457736 15140277 16170455 0 0 0 69719042 74028992 88481923 94669933 0 0 169582019 168279334 74036571 67650786 95545448 100628548 PROVIDE ELECTRIC SERVICE ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF 38,201 CONSUMERS. 0 0 94669933 12750 93168641 PROVIDE ELECTRIC SERVICE ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF 38,201 CONSUMERS. 94669933 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 67 0 1 106 1 0 0 0 0 0 0 0 0 0 92167160 2132504 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X SARA ROBERSON VP FINANCE 2707656153 411 RING ROAD ELIZABETHTOWN KY 42701 DAVID BROWN CHAIRMAN 4.75 X X 18439 0 0 GENE STRANEY VICE CHAIRMAN 5.54 X X 18647 0 0 MARK COCHRAN DIRECTOR 6.54 X 24030 0 0 LAWRENCE IRELAND DIRECTOR 2.63 X 17980 0 0 LINDA GRIMES DIRECTOR 5.92 X 21839 0 0 RAYMOND THOMAS SECRETARY/TREASURER 6.54 X X 20639 0 0 GREG LEE PRESIDENT/CEO 39.91 X 265204 0 104752 SARA ROBERSON VP, ADMINISTRATION/FINANCE 43.17 X 159681 0 25474 DAVID COX VP INFORMATION TECHNOLOGY 40.47 X 151466 0 67780 ANDREW PATTERSON MGR OF OPERATIONS 41.88 X 150059 0 19271 JOSHUA SANDERS SR LINE TECH/CREW LEADER 54.07 X 151155 0 53348 RUSS STANGER SR LINE TECH/CREW LEADER 54.67 X 152692 0 54748 ANTHONY HUFF SR LINE TECH/CREW LEADER 57.62 X 165218 0 46493 1317049 0 371866 41 0 1 0 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47305 VEGETATION MANAGEMENT 836420 RUSSMAR UTILITY MANAGEMENT 2371 IRVINE ROAD RICHMOND KY 40475 GAS WELL SERVICES 535395 WHAYNE SUPPLY CO 10001 LINN STATION RD LOUISVILLE KY 40223 CONSTRUCTION EQUIPMENT 368807 M&M ELECTRICAL CONTRACTORS 5081 HIGHWAY 431 SPRINGFIELD TN 37172 ELECTRICAL LINE CONSTRUCTION 344795 ENVISION ENERGY SERVICES PO BOX 707 WINCHESTER KY 40392 ENGINEERING SERVICES 283575 16 ELECTRIC REVENUE 221000 92167160 92167160 OTHER ELECTRIC REVENUES 221000 35987 35987 92203147 1131023 1131023 7250 0 7250 7250 7250 PATRONAGE CAPITAL ASSIGND 221000 550278 550278 G&T CAPITAL CREDIT 221000 407966 407966 JOINT USE ATTACHMENTS 221000 370269 370269 1328513 94669933 93168641 0 1501292 12750 12750 4457736 4457736 546459 546459 9267128 9267128 2240897 2240897 1565876 1565876 2550095 2550095 7852 7852 26655 26655 170930 170930 2903244 2903244 5180177 5180177 392932 392932 COST OF POWER 63302776 63302776 DISTRIBUTION - MAINTENA 6825326 6825326 DISTRIBUTION - OPERATIO 4903183 4903183 ADMINISTRATIVE AND GENE 4052083 4052083 -13736166 -13736166 94669933 94669933 0 0 12540560 11126660 10139576 11223029 9096787 4482426 1918465 1746829 47430 56843 151137471 70142734 78411342 80994737 57427859 58648810 169582019 168279334 7667819 7149320 54659461 50144006 11709291 10357460 74036571 67650786 X 250980 249310 -1226266 845460 96520734 99533778 95545448 100628548 169582019 168279334 X 0 5083100 X X 0 1 X 1 1 0 633444 633444 8901455 3706908 5194547 141602572 66435826 75166746 80994737 INVESTMENTS PROGRAM RELATED 58648810 F 58648810 CONSUMER DEPOSITS 2380442 ACCRUED EXPENSES 2643128 CONSUMER ADVANCES FOR CONSTRUCTION 378936 ACCUMULATED POSTRETIREMENT BENEFITS 4954954 10357460 X PART X, LINE 2: NOLIN'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. NOLIN HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 1 SCHOLARSHIPS 9 12750 FMV X X X 0 0 0 GREG LEE PRESIDENT/CEO 265204 0 0 0 0 0 81800 0 22952 0 369956 0 0 0 DAVID COX VP INFORMATION TECHNOLOGY 151466 0 0 0 0 0 45727 0 22053 0 219246 0 0 0 ANTHONY HUFF SR LINE TECH/CREW LEADER 165218 0 0 0 0 0 31650 0 14843 0 211711 0 0 0 RUSS STANGER SR LINE TECH/CREW LEADER 152692 0 0 0 0 0 33011 0 21737 0 207440 0 0 0 JOSHUA SANDERS SR LINE TECH/CREW LEADER 151155 0 0 0 0 0 31650 0 21698 0 204503 0 0 0 SARA ROBERSON VP, ADMINISTRATION/FINANCE 159681 0 0 0 0 0 3311 0 22163 0 185155 0 0 0 ANDREW PATTERSON MGR OF OPERATIONS 150059 0 0 0 0 0 2869 0 16402 0 169330 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT MEMBER TO RUN FOR DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT MEMBER TO RUN FOR DIRECTOR. 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 VOTE OF THE MEMBERS. THE BYLAWS MAY BE AMENDED AT ANY REGULAR OR SPECIAL MEETING OF THE BOARD OF DIRECTORS, WITH A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE 990 PRIOR TO FILING. MAY MAKE INQUIRIES OF INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR IN A CLOSED SESSION AND ARE ABLE TO ASK QUESTIONS AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS PREPARED BY EACH DIRECTOR AND KEY EMPLOYEE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 15.A AND B. THE BOARD RECEIVES COMPENSATION DATA FROM BOTH LOCAL AND NATIONAL SURVEYS. THE BOARD USES THIS DATA, ALONG WITH A PERFORMANCE REVIEW, TO SET COMPENSATION. EACH DIRECTOR EVALUATES THE PRESIDENT/CEO PERFORMANCE ANNUALLY. THE BOARD HAS USED, AND OCCASSIONALLY DOES, USE AN INDEPENDENT HUMAN RESOURCE CONSULTING FIRM TO REVIEW THE COMPENSATION AND PROCESS. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION AND BYLAWS ARE GIVEN TO EACH NEW MEMBER. ANNUAL FINANCIAL STATEMENTS AND INFORMATION IS GIVEN TO EACH MEMBER THROUGH A MEMBER MAGAZINE, AT THE ANNUAL MEMBERSHIP MEETING, AND THEY ARE AVAILABLE ON THE KENTUCKY PUBLIC SERVICE COMMISSION WEBSITE. FORM 990, PART XI, LINE 9: COMPREHENSIVE POST RETIREMENT BENEFITS 2,071,726. MARGINS ALLOCATED TO MEMBERS 4,457,736. MEMBERSHIPS ISSUED -1,670. OTHER EQUITIES 358,067. REFUNDS OF CAPITAL CREDITS -1,620,261. REFUNDS TO ESTATES -182,498. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. FORM 990, PART XII, LINE 3B: NOLIN WAS OBLIGATED FEDERAL AWARDS THROUGH FEMA FOR THE TAX YEAR ENDED 12/31/24 AND WILL TIMELY COMPLETE AND SUBMIT THE REQUIRED SINGLE AUDIT AS SET FORTH IN THE UNIFORM GUIDANCE FOR THE FISCAL YEAR ENDED 12/31/24. FORM 990, PART IX, LINE 4 FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT. WIDE OPEN UTILITY SERVICE LLC 411 RING RD ELIZABETHTOWN KY 42701 320634503 UTILITY SERVICE KY 0 3934650