Cimarron Electric Cooperative Inc

Organization Overview

Cimarron Electric Cooperative Inc is located in Kingfisher, OK. The organization was established in 1941. 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, Cimarron Electric Cooperative Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cimarron Electric Cooperative Inc 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, Cimarron Electric Cooperative Inc generated $67.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $67.6m during the year ending 12/2021. While expenses have increased by 8.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 18,471 ACTIVE SERVICES AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Snowden
CEO
$431,344
Jeff Hyatt
Coo/cmo
$225,298
Aaron Roark
CFO
$221,106
Reed Emerson
Senior VP Ops/construction
$175,470
Richard Reherman
Senior VP Accounting
$153,160
Steph Jones
Chief Technology Officer
$119,609

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Riggs Tree Services Inc
Right-of-way Clearing
$1,620,021
Vale Power Lines
Electrical Distribution Line Constructio
$3,064,561
Liberty Line Construction
Electrical Distribution Line Constructio
$782,753
R&r Powerline Construction
Electrical Distribution Line Constructio
$768,860
Machen Enterprises
System Engineering Services
$418,642
View All Vendors

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$67,277,357
Investment income $32,162
Tax Exempt Bond Proceeds $0
Royalties $945
Net Rental Income $0
Net Gain/Loss on Asset Sales $23,517
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $262,268
Miscellaneous Revenue$0
Total Revenue $67,599,249

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