Northfork Electric Cooperative Inc

Organization Overview

Northfork Electric Cooperative Inc is located in Sayre, OK. The organization was established in 1964. 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, Northfork Electric Cooperative Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northfork 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, Northfork Electric Cooperative Inc generated $22.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $22.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. 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 ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ELECTRICITY TO OUR MEMBERS - 6,556 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.


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Board, Officers & Key Employees

Name (title)Compensation
Brent Meador
General Mana
$252,283
Brandon Hickey
Trustee
$26,699
Bandy Silk
Trustee
$25,799
Brad Harrison
Trustee
$23,546
James C Taylor
President
$19,192
Larry Smith
Trustee
$17,292

Outside Vendors & Contractors

Vendor Name (Service)Compensation
R&r Powerline Construction
Power Line Cont
$808,653
Hollis Tree Services Llc
Row Clearing
$150,447
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$21,863,109
Investment income $20,227
Tax Exempt Bond Proceeds $0
Royalties $311
Net Rental Income $0
Net Gain/Loss on Asset Sales $37,595
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $48,700
Miscellaneous Revenue$0
Total Revenue $21,969,942

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