2026-05-07T10:11:33-04:00 2025-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2025-01-01 520271943 CHOPTANK ELECTRIC COOPERATIVE INC CHOP 4104790420 10384 RIVER ROAD DENTON MD 21629 MICHEAL E MALANDRO PRESIDENT & CEO 4104790420 2026-05-15 true G STEVEN GILLIAM CPA P00348264 8043231313 2026-05-07 2025 2025-03-06 01:10:19Z MICHEAL E MALANDRO 10384 RIVER ROAD DENTON MD 21629 190200058 false X WWW.CHOPTANKELECTRIC.COOP X 1938 MD CHOPTANK ELECTRIC COOPERATIVE ("CEC") EXISTS TO PROVIDE RELIABLE AND COST EFFECTIVE ELECTRICITY THAT IMPROVES THE QUALITY OF LIFE FOR OUR MEMBER- OWNERS. CEC IS COMMITTED TO SERVICE EXCELLENCE GUIDED BY THE SEVEN COOPERATIVE PRINCIPLES. 10 10 187 1956388 794460 0 180600689 187877801 1006955 1616851 379943 568608 181987587 190063260 0 10690905 14625302 21362567 22609190 0 0 134496687 145483050 166550159 182717542 15437428 7345718 514178827 534029256 309387699 318368592 204791128 215660664 CEC EXISTS TO PROVIDE RELIABLE AND COST EFFECTIVE ELECTRICITY THAT IMPROVES THE QUALITY OF LIFE FOR OUR MEMBER-OWNERS. CEC IS COMMITTED TO SERVICE EXCELLENCE GUIDED BY THE SEVEN COOPERATIVE PRINCIPLES. false false CEC EXISTS TO PROVIDE RELIABLE AND COST EFFECTIVE ELECTRICITY THAT IMPROVES THE QUALITY OF LIFE FOR OUR MEMBER-OWNERS. CEC IS COMMITTED TO SERVICE EXCELLENCE GUIDED BY THE SEVEN COOPERATIVE PRINCIPLES. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES, ARE AS FOLLOWS: COST OF POWER 101,856,537 OTHER SALARIES AND WAGES 17,314,047 DEPRECIATION 16,805,727 false false false false false false false false false true false true false true false 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 148 0 true 187 true true true false false false false 187415329 3302187 false false false X 10 10 false false false false true true true true true false false true true true true true false true true false MD X CHOPTANK ELECTRIC COOPERATIVE 4104790420 10384 RIVER ROAD DENTON MD 21629 MICHEAL E MALANDRO PRESIDENT & 29.00 11.00 X 479496 218725 84183 TIMOTHY MCGAHA VP TECH SERV 15.00 25.00 X 116984 231939 62253 LEROY SVERDUK VP ENGINEERI 22.00 18.00 X 155151 168296 57917 LISA DESANTIS VP & CFO 23.00 17.00 X 153074 107950 74831 PAULA J BISHOP VP H.R. 40.00 X 242359 0 71720 VALERIE CONNELLY VP GOV. AFFA 27.00 13.00 X 187104 68219 39289 SARAH M DAHL VP GENERAL C 29.00 11.00 X 172385 67868 53992 LANCE LOCKERMAN VP OPERATION 27.00 0.00 X 220811 1310 49821 SHAWN SPARKS MGR OPERATIO 36.00 4.00 X 172494 17760 74497 TIFFANY TRAUTMAN DIRECTOR OF 36.00 4.00 X 189551 19556 46661 CHARLES GLEATON JR CHIEF ENGINE 37.00 3.00 X 175374 15012 45754 MATTHEW TEFFEAU MGR. GOV'T A 29.00 0.00 X 185934 0 28138 NATHAN SCHREPPLER CHIEF ENGINE 40.00 0.00 X 171194 0 32617 DONNA R WEST DIRECTOR 9.53 1.00 X 26700 18400 0 JOHN J BURKE TREASURER 6.63 1.00 X X 24700 14400 0 JEFFREY D RATHELL SR DIRECTOR 6.69 1.00 X 21800 15400 0 CRAIG N MATHIES DIRECTOR 3.92 1.00 X 20200 14400 0 ROBERT B THOMPSON DIRECTOR 4.25 1.00 X 16250 14400 0 DOUGLAS D SCOTT CHAIRMAN 3.47 1.00 X X 15100 14400 0 ROBERT E ARNOLD VICE CHAIRMA 3.80 1.00 X X 13300 15400 0 KRISTEN NICKERSON DIRECTOR 3.37 1.00 X 13300 14400 0 AMY I BRANDT DIRECTOR 2.62 1.00 X 13150 14400 0 MATTHEW HOLLOWAY SECRETARY 2.02 1.00 X X 10050 14400 0 2796461 1066635 721673 70 false true false ASPLUNDH TREE EXPERTS PO BOX 827464 PHILADELPHIA PA 19182 ROW CLEARING 4778244 UTILITY LINES CONSTRUCTION PO BOX 827464 PHILADELPHIA PA 19182 LINE CONST. 2357409 TUCKAHOE UNDERGROUND LLC 33168 MATTHEWSTOWN ROAD EASTON MD 21601 LINE CONST. 1525390 S&S UTILITY SERVICE LLC 1162 GRANGE HALL ROAD CENTREVILLE MD 21617 LINE CONST. 754174 RGRID POWER PLLC 10300 CRISP DRIVE RALEIGH NC 27614 ENGINEERING 735222 17 SALE AND DIST. OF ELECTR 221000 177281885 177281885 CONTRIB IN AID OF CONST 221000 10119978 10119978 PATRONAGE ALLOC RECEIVED 221000 475938 475938 187877801 1583649 1482081 101568 15116 63836 15116 63836 78952 15116 63836 33202 33202 33202 33202 203037 136798 66239 5932 60307 FIBER LEASE 221000 414000 414000 NET REC SALES PROF (LOSS) 900099 9417 9417 423417 190063260 187908266 1956388 198606 X 14625302 2250874 17314047 3048696 -1337058 1332631 49693 189547 3405261 339805 13268194 16805727 COST OF POWER 101856537 DIST. MAINTENANCE 7180100 TAXES 4635064 GENERAL AND ADMIN 2719400 -4966278 182717542 0 0 0 1069922 539969 2461601 44627486 52604829 16041557 13974715 33427324 32821932 545701696 198907487 338185170 346794209 7819292 8495837 72094716 76344686 373391 531447 514178827 534029256 28176235 28701427 251555282 256362050 29656182 33305115 309387699 318368592 X 204791128 215660664 204791128 215660664 514178827 534029256 X 7345718 3523818 X false true X true false 545701696 198907487 346794209 346794209 PATRONAGE CAPITAL 72466480 C CAPITAL TERM CERTIFICATES 3138206 C TEC TRADING, INC 740000 C 76344686 DEFERRED CREDITS 11809343 LINE OF CREDIT 10725000 OTHER ACCRUED LIABILITIES 8113047 CONSUMER DEPOSITS 2126938 OTHER NON-CURRENT LIABILITIES 530787 33305115 X X X X X X true false false MICHEAL E MALANDRO PRESIDENT & CEO 479496 161034 57691 49781 16719 13237 4446 542514 239890 TIMOTHY MCGAHA VP TECH SERVICES 96984 156339 20000 75600 17644 28443 6189 9977 140817 270359 LEROY SVERDUK VP ENGINEERING 145151 111596 10000 56700 22798 17528 9945 7646 187894 193470 LISA DESANTIS VP & CFO 143074 107950 10000 33494 25271 9157 6909 195725 140130 PAULA J BISHOP VP H.R. 232359 10000 54129 17591 314079 VALERIE CONNELLY VP GOV. AFFAIR / PR 157104 68219 30000 23612 10253 3782 1642 214498 80114 SARAH M DAHL VP GENERAL COUNSEL 162385 67868 10000 25527 10669 12551 5245 210463 83782 LANCE LOCKERMAN VP OPERATIONS 216408 1310 4403 37071 224 12451 75 270333 1609 SHAWN SPARKS MGR OPERATIONS 172494 17760 51488 5301 16055 1653 240037 24714 TIFFANY TRAUTMAN DIRECTOR OF FINANCE 154905 19556 34646 27858 3517 13573 1713 230982 24786 CHARLES GLEATON JR CHIEF ENGINEER 175374 15012 25965 2223 16181 1385 217520 18620 MATTHEW TEFFEAU MGR. GOV'T AFFAIRS 100717 85217 16117 12021 214072 NATHAN SCHREPPLER CHIEF ENGINEER 171194 27293 5324 203811 SCHEDULE J, PAGE 1, PART I, LINE 4 MATTHEW TEFFEAU 65,000 0 0 FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS: FOR EACH COOPERATIVE SERVICE (OR GROUP OF COOPERATIVE SERVICES IF PERMITTED BY LAW) SUPPLIED FOR A FISCAL YEAR, CEC SHALL EQUITABLY ALLOCATE TO EACH PATRON, IN PROPORTION TO THE QUANTITY OR VALUE OF THE COOPERATIVE SERVICE(S) PATRONAGE BY THE PATRON DURING THE FISCAL YEAR, CEC'S OPERATING EARNINGS DURING THE FISCAL YEAR. "OPERATING EARNINGS" (ALSO KNOWN AS "PATRONAGE MARGIN") FOR A COOPERATIVE SERVICE MEANS THE AMOUNT BY WHICH CEC'S OPERATING REVENUES (ALSO KNOWN AS "PATRONAGE SOURCED REVENUES") FROM SUPPLYING CEC SERVICE(S) EXCEED CEC'S OPERATING EXPENSES, COSTS AND RESERVES PERMITTED BY LAW (ALSO KNOWN AS "PATRONAGE SOURCED EXPENSES") OF SUPPLYING CEC SERVICES(S). FORM 990 PART IX LINE 17 TRAVEL: TRAVEL COSTS INCLUDES THE EXPENSES OF PURCHASING, LEASING, OPERATING, AND REPAIRING ANY VEHICLES OWNED BY THE CORPORATION AND USED IN THE CORPORATION'S ACTIVITIES. TRAVEL COSTS ALSO INCLUDE TRANSPORTATION COSTS, MEALS AND LODGING, AND PER DIEM PAYMENTS. FORM 990, PAGE 6, PART VI, LINE 6 CHOPTANK ELECTRIC COOPERATIVE IS AN ELECTRIC COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH IS THE GOVERNING BODY OF THE COOPERATIVE. EACH MEMBER HAS ONE VOTE IN EACH ELECTION OR QUESTION BROUGHT TO A VOTE OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF CHOPTANK ELECTRIC COOPERATIVE RECEIVE ONE VOTE WITH RESPECT TO ELECTING EACH SEAT UP FOR ELECTION ON THE COOPERATIVE'S BOARD OF DIRECTORS ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE COOPERATIVE BYLAWS, INCLUDING ALL AMENDMENTS OF BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS INITIALLY COMPLETED BY THE COOPERATIVE'S CPA FIRM. THEREAFTER, A COPY IS PROVIDED TO THE COOPERATIVE'S MANAGEMENT AND GENERAL COUNSEL FOR REVIEW AND COMMENT, AND TO ALL BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C CHOPTANK'S WRITTEN CONFLICT OF INTEREST POLICY REQUIRES EACH BOARD MEMBER AND THE CEO TO IMMEDIATELY REPORT TO BOARD COUNSEL AND TO SEEK HIS ADVICE ON HOW TO PROCEED UNDER THE CIRCUMSTANCES REGARDING ALL POTENTIAL, ACTUAL, OR APPEARANCES OF CONFLICTS OF INTEREST IN WHICH SUCH BOARD MEMBER OR CEO MAY BE INVOLVED. IT ALSO REQUIRES EACH OTHER OFFICER OR KEY EMPLOYEE TO IMMEDIATELY REPORT TO GENERAL COUNSEL AND TO SEEK HIS ADVICE ON HOW TO PROCEED UNDER THE CIRCUMSTANCES REGARDING ALL POTENTIAL, ACTUAL, OR APPEARANCES OF CONFLICTS OF INTEREST IN WHICH SUCH OTHER OFFICER OR EMPLOYEE MAY BE INVOLVED. ALL BOARD MEMBERS AND THE CEO ARE REQUIRED TO ANNUALLY SIGN AND FILE A REPORT WITH THE BOARD SHOWING ANY ACTUAL AND APPEARANCES OF CONFLICTS OF INTEREST FOR THE PAST YEAR, AND ALL OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY SIGN AND FILE A REPORT WITH THE CEO SHOWING ANY ACTUAL AND APPEARANCES OF CONFLICTS OF INTEREST FOR THE PAST YEAR. FORM 990, PAGE 6, PART VI, LINE 15A PERIODICALLY THE COOPERATIVE HAS AN OUTSIDE CONSULTANT REVIEW THE RANGE OF COMPENSATION AT THE COOPERATIVE COMPARED TO INDUSTRY RANGES OF COMPARABLE ELECTRIC COOPERATIVES. A NATIONAL TRADE ASSOCIATION PERIODICALLY PUBLISHES AN INDUSTRY SALARY SURVEY THAT IS ALSO USED AS A BENCHMARK FOR COMPENSATION IN ADDITION TO PERIODIC SURVEYS PERFORMED BY A REGIONAL TRADE ASSOCIATION. THE BOARD OF DIRECTORS PERIODICALLY REVIEWS AND DETERMINES THE COMPENSATION OF THE COOPERATIVE'S CEO. FORM 990, PAGE 6, PART VI, LINE 15B PERIODICALLY THE COOPERATIVE HAS AN OUTSIDE CONSULTANT REVIEW THE RANGE OF COMPENSATION AT THE COOPERATIVE COMPARED TO INDUSTRY RANGES. A NATIONAL TRADE ASSOCIATION PERIODICALLY PUBLISHES A SALARY SURVEY THAT IS ALSO USED AS A BENCHMARK FOR COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE COOPERATIVE WEBSITE. THE 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 NON-CASH PATRONAGE ALLOCATIONS NOT REVENUE - IRS 4,461,472 PATRONAGE DIV PD TO MEMBERS' ACCTS NOT EXP - GAAP 14,625,302 CONTRIBUTIONS IN AID OF CONST NOT REVENUE PER GAAP -10,119,978 NET RETIREMENT OF CAPITAL CREDITS -4,065,541 OTHER COMPREHENSIVE LOSS -1,053,981 EQUITY LOSS FROM SUB -323,456 TOTAL 3,523,818 CHOPTANK ELECTRIC TRUST INC PO BOX 426 DENTON MD 21629 861072289 EDUCATION MD 501 C3 8 CHOPTANK CHOPTANK ELECTRIC COOOPERATIVE true CHOPTANK SERVICES CORPORATION PO BOX 426 DENTON MD 21629 521961362 HOLDING CO MD CHOPTANK C CORP 469526 7959059 1.00000 false CHOPTANK FIBER PO BOX 386 DENTON MD 21629 853432377 INTERNET MD CHOPTANK C CORP -792982 34641312 1.00000 false true false false true false false false false false true false true false false true true true true false CHOPTANK ELECTRIC TRUST INC P 71902 CASH PAID CHOPTANK ELECTRIC TRUST INC R 325199 CASH PAID CHOPTANK SERVICES CORPORATION L 19066 COST OF SVCS CHOPTANK SERVICES CORPORATION R 9597 COST OF SVCS CHOPTANK SERVICES CORPORATION Q 28662 CASH RECEIVED CHOPTANK FIBER J 414000 COST OF SVCS CHOPTANK FIBER S 3590058 COST OF SVCS CHOPTANK FIBER R 1000000 INVESTMENT CHOPTANK FIBER A 1482081 COST