Ouachita Electric Coop Corp 474
- Assets
- $116.4m
- Revenue
- $25.2m
- Investments
- $0.0
- Employees
- 49
- Location
- Camden, AR
- Founding
- 01/1942
- Data as of
- 12/2021
- EIN
- 71-0133895
Organization Overview
Ouachita Electric Coop Corp 474 is located in Camden, AR. The organization was established in 1942. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Ouachita Electric Coop Corp 474 employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ouachita Electric Coop Corp 474 is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Ouachita Electric Coop Corp 474 generated $25.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $24.9m during the year ending 12/2021. While expenses have increased by 0.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ECONOMICAL AND RELIABLE ELECTRICAL POWER TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF 227,568,012 KILOWATT HOURS OF ELECTRIC ENERGY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cayce General Manager | Officer | 50 | $218,691 |
Robert Stinnett Manager Of System Planning | 50 | $133,088 | |
Shawn Dorlinger Interim General Manager | 50 | $116,526 | |
Alan Ferguson Distriubtion System Foreman | 48.42 | $105,826 | |
Christopher Sims Line Technician | 48.86 | $104,931 | |
David Morgan It Systems Operations Director | 50 | $100,824 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arkansas Electric Coop Inc Storm Cleanup | 12/30/21 | $876,753 |
Barnett Southern Corporation Line Work | 12/30/21 | $199,183 |
Barnett Row Services Inc Storm Cleanup | 12/30/21 | $670,853 |
Platinum Powerlines Line Work | 12/30/21 | $1,066,174 |
Evers Electric Company Inc Line Work | 12/30/21 | $980,982 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $24,760,596 |
| Investment income | $411,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,590 |
| Net Gain/Loss on Asset Sales | $18,445 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,239,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,489 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,219,867 |
| Compensation of current officers, directors, key employees. | $588,401 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,360,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $137,039 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,132 |
| Advertising and promotion | $5,053 |
| Office expenses | $156,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,777 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,498,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,655,994 |
| Insurance | $124,862 |
| All other expenses | $1,001,105 |
| Total functional expenses | $24,864,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,311,699 |
| Savings and temporary cash investments | $2,193,062 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,652,425 |
| Loans from Officers, Directors, or Controlling Persons | $1,041 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $452,209 |
| Inventories for sale or use | $1,190,660 |
| Prepaid expenses and deferred charges | $1,491,578 |
| Net Land, buildings, and equipment | $78,834,112 |
| Investments—publicly traded securities | $1,425,321 |
| Investments—other securities | $0 |
| Investments—program-related | $18,479,347 |
| Intangible assets | $0 |
| Other assets | $3,385,999 |
| Total assets | $116,417,453 |
| Accounts payable and accrued expenses | $7,335,256 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $58,049,675 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $351,690 |
| Total liabilities | $65,736,621 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $104,349 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,223,622 |
| Retained earnings, endowment, accumulated income, or other funds | $48,352,861 |
| Total liabilities and net assets/fund balances | $116,417,453 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Navarro County Electric Cooperative Inc Corsicana, TX | $102,970,554 | $49,278,830 |
Rural Electric Co Op Inc Lindsay, OK | $94,050,768 | $47,989,459 |
Kiamichi Electric Cooperative Inc Wilburton, OK | $118,158,279 | $46,432,215 |
Pickwick Electric Cooperative Selmer, TN | $93,706,292 | $47,229,186 |
New Mac Electric Cooperative Inc Neosho, MO | $135,294,797 | $45,962,047 |
C & L Electric Cooperative Corporation Star City, AR | $139,600,891 | $49,154,793 |
Houston County Electric Cooperative Inc Crockett, TX | $158,669,671 | $45,143,222 |
North Plains Electric Cooperative Incorporated Perryton, TX | $109,565,276 | $41,899,328 |
Three Rivers Electric Cooperative Linn, MO | $111,680,117 | $44,711,641 |
Concho Valley Electric Cooperative Inc San Angelo, TX | $125,005,347 | $44,400,615 |
Navasota Valley Electric Cooperative Inc Franklin, TX | $102,144,082 | $44,111,524 |