2025-04-29T11:33:57-05:00 2024-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2024-01-01 610133681 BIG SANDY RURAL ELECTRIC COOPERATIVE CORPORATION BIGS 6067894095 504 11TH STREET PAINTSVILLE KY 41240 JEFFREY PRATER PRESIDENT/GEN MGR 6067894095 2025-04-28 1 1 TRAVIS C FRICK P01728213 5025830248 2024 2025-03-06 01:10:19Z JEFFREY PRATER 504 11TH STREET PAINTSVILLE KY 41240 27773700 0 X WWW.BIGSANDYRECC.COM X 1936 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 12,611 CONSUMERS MONTHLY. 7 7 48 0 0 0 0 0 26163817 26753254 436384 367330 936616 653116 27536817 27773700 3600 4200 -561901 -1020992 4949288 6949908 0 0 0 23145830 21840584 27536817 27773700 0 0 64568724 65414778 34190154 36089656 30378570 29325122 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 12,611 CONSUMERS MONTHLY. 0 0 27773700 4200 27045393 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 12,611 CONSUMERS MONTHLY. 27773700 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 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 30 0 1 48 1 0 0 0 0 0 0 0 0 0 26753254 629699 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 SANDRA SHEPHERD OFFICE MGR 6067894095 504 11TH STREET PAINTSVILLE KY 41240 DANNY WALLEN CHAIRMAN 4.50 X X 21832 0 0 GREG DAVIS VICE CHAIRMAN 4.50 X X 18996 0 0 JAMES VANHOOSE SEC-TREAS 4.50 X X 17497 0 0 JIMMIE MCKENZIE DIRECTOR 4.50 X 18134 0 0 GARY FRANCIS DIRECTOR 4.50 X 19559 0 0 JASON HOLBROOK DIRECTOR 4.50 X 17679 0 0 VELMA MAY DIRECTOR 4.50 X 17402 0 0 BRUCE A DAVIS PRESIDENT/CEO 40.00 X 21970 0 11357 JEFFERY PRATER PRESIDENT/GEN MGR 40.00 X 120606 0 52298 SANDRA SHEPHERD OFFICE MANAGER 40.00 X 91141 0 48194 JOHN HARRISON LINEMAN 40.00 X 172171 0 21813 DONALD HOLBROOK LINEMAN 40.00 X 132515 0 12829 WILLIAM JARRELL CREW LEADER 40.00 X 131952 0 22313 KIRBY CASTLE VP OPERATIONS 40.00 X 107448 0 50791 JAMES CAUDILL LINEMAN 40.00 X 102181 0 12829 1011083 0 232424 8 0 1 0 R & H CONTRACTING LLC 33 LAFFERTY BRANCH PRESTONSBURG KY 41653 ROW CONTRACTOR 924304 PIKE ELECTRIC PO BOX 746308 ATLANTA GA 30374 OVERHEAD LINE CONTRACTOR 626428 THOROUGHBRED CONSTRUCTION 105 N ARMCO BUILDING ASHLAND KY 41101 INSTALLED NEW ROOF 121568 PROTEC TERRA LLC 4861 KEATS GROVE LANE LEXINGTON KY 40513 ROW CONTRACTOR 118026 4 ELECTRIC REVENUE 221000 26753254 26753254 26753254 337560 337560 29770 0 29770 29770 29770 JOINT USE POLE ATTACHMENT 221000 390747 390747 G&T CAPITAL CREDITS 221000 115594 115594 PATRONAGE CAPITAL CREDITS 221000 107415 107415 39360 39360 653116 27773700 27045393 0 728307 4200 -1020992 364816 4889414 438865 504760 752053 111671 2730 97680 959452 2774612 61078 COST OF POWER 18029601 DISTRIBUTION - MAINTENA 2928759 ADMINISTRATIVE AND GENE 1752548 CONSUMER ACCOUNTS 1108193 -5985740 27773700 1834428 2075333 3226456 2844140 287838 264786 621849 578708 17100 19760 66784207 30922600 34667777 35861607 23128246 23341079 785030 429365 64568724 65414778 2222387 2269461 28009901 29903790 3957866 3916405 34190154 36089656 X 225630 225780 -409026 -395991 30561966 29495333 30378570 29325122 64568724 65414778 X 0 -1053448 X X 0 1 X 1 0 292419 292419 3251658 1141259 2110399 62689309 29781341 32907968 550821 550821 35861607 RELATED ENTITY INVESTMENTS 23341079 C 23341079 CUSTOMER DEPOSITS 737370 ACCRUED EXPENSES 278593 CONSUMER ADVANCES FOR CONSTRUCTION 22654 ACCUMULATED POSTRETIREMENT BENEFITS 2767081 OTHER LIABILITIES 110707 3916405 X PART X, LINE 2: BIG SANDY'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. BIG SANDY HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. X X 0 0 0 JOHN HARRISON LINEMAN 172171 0 0 0 0 0 0 0 21813 0 193984 0 0 0 JEFFERY PRATER PRESIDENT/GEN MGR 120606 0 0 0 0 0 0 0 52298 0 172904 0 0 0 KIRBY CASTLE VP OPERATIONS 107448 0 0 0 0 0 0 0 50791 0 158239 0 0 0 WILLIAM JARRELL CREW LEADER 131952 0 0 0 0 0 0 0 22313 0 154265 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 TO SELECT A MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY 75 OR MORE ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY OF MEMBERSHIP. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL BOARD MEETING, PROVIDED, THAT THE NOTICE OF THE MEETING, SHALL HAVE CONTAINED A COPY OF THE PROPOSED ALTERATION, AMENDMENT, OR REPEAL. 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, AND CHANGES TO, INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR AND ARE ABLE TO ASK QUESTIONS AT THAT TIME. 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 & B. BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION OF KEY EMPLOYEES AND OTHER NON-UNION EMPLOYEES USING DATA PROVIDED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. 15B. REMAINING EMPLOYEES COMPENSATION IS NEGOTIATED THROUGH A UNION CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE BYLAWS AND A STATEMENT OF NONDISCRIMINATION ARE GIVEN TO EACH NEW MEMBER. BYLAWS AND FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN NEWSLETTER MAILED TO EACH MEMBER. AN ANNUAL MEMBERSHIP MEETING IS HELD WITH ALL MEMBERS INVITED TO ATTEND. FORM 990, PART XI, LINE 9: ACCUMULATED COMPREHENSIVE INCOME 13,035. MARGINS ALLOCATED TO MEMBERS -1,020,992. MEMBERSHIPS ISSUED, NET 150. OTHER EQUITIES 17,586. REFUNDS OF CAPITAL CREDITS -63,227. 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS DURING THE TAX YEAR. 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. BIG SANDY FORESTRY LLC 504 11TH ST PAINTSVILLE KY 41240 922206249 ROW CLEARING KY 39360 307074 BIG SANDY RURAL ELECTRIC COOPERATIVE CORPORATION