2025-05-07T12:40:23-05:00 2024-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2024-01-01 610235235 INTER-COUNTY ENERGY COOPERATIVE INTE 8592364561 PO BOX 87 DANVILLE KY 40422 JERRY W CARTER PRESIDENT & CEO 8592364561 2025-04-30 1 1 TRAVIS C FRICK P01728213 5025830248 2024 2025-03-06 01:10:19Z JERRY W CARTER PO BOX 87 DANVILLE KY 40422 70990462 0 X WWW.INTERCOUNTYENERGY.NET X 1937 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 28,017 CUSTOMERS PER MONTH. 6 6 68 0 0 0 0 0 69053265 69412926 216602 172554 1551086 1404982 70820953 70990462 6000 6000 3200470 3028042 8195001 9044150 0 0 0 59419482 58912270 70820953 70990462 0 0 155321919 158470637 94703653 94942865 60618266 63527772 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 28,017 CUSTOMERS PER MONTH. 0 0 70990462 6000 70067458 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE APPROXIMATELY 28,017 CONSUMERS PER MONTH. 70990462 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 68 1 0 0 0 0 0 0 0 69412626 870002 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ALYSSA KURTZ VP FINANCE 8592364561 1009 HUSTONVILLE ROAD DANVILLE KY 40422 JOE SPALDING CHAIRMAN 6.00 X X 19518 0 0 JASON TODD VICE CHAIRMAN 6.00 X X 22581 0 0 JAMES KEVIN PRESTON SEC/TREAS 6.00 X X 21781 0 0 WILLIAM GOGGIN DIRECTOR 3.00 X 17209 0 0 WILLIAM PEYTON DIRECTOR 2.00 X 12575 0 0 LOUIS KERRICK DIRECTOR 4.00 X 19110 0 0 JERRY CARTER PRESIDENT/CEO 50.00 X 232935 0 70973 ALYSSA KURTZ CFO 45.00 X 127233 0 35271 DAVID PHELPS VP OPERATIONS 48.00 X 162506 0 51354 DAN HITCHCOCK VP, MEMBER SERVICES 45.00 X 137325 0 44802 COLBY GRIDER LINE TECH FIRST CLASS 53.00 X 140512 0 42828 DAVID HORNE 1ST CLASS LINE ENG TECH 56.00 X 153502 0 27797 KASEY WALLS CREW LEADER 50.00 X 140078 0 44058 1206865 0 317083 27 0 1 0 DAVIS H ELLIOTTS PO BOX 37251 BALTIMORE MD 21297 LINE CONSTRUCTION CREWS 2977246 5-STAR ELECTRIC LLC 14201 CALIBER DR OKLAHOMA CITY OK 73134 LINE CONSTRUCTION CREWS 1559525 WA KENDALL AND CO INC PO BOX 831 LAWRENCEVILLE GA 30046 CLEAR RIGHT OF WAY 1221587 ASPLUNDH 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 CLEAR RIGHT OF WAY 942299 MCLEAN ENGINEERING PO BOX 736729 DALLAS TX 75373 CONTRACT LABOR - POLE ATTACHMENTS 291458 10 PROVIDE ELECTRIC SERVICE 221000 69412626 69412626 ELECTRIC MERCHANDISE 221000 300 300 69412926 172554 172554 JOINT USE ATTACHMENTS 221000 707834 707834 CAPITAL CREDITS ALLOCATED 221000 346017 346017 G&T CAPITAL CREDITS 221000 308515 308515 42616 42616 1404982 70990462 70067458 0 923004 6000 6000 3028042 3028042 345708 345708 6029255 6029255 1212757 1212757 996368 996368 460062 460062 48235 48235 17250 17250 100 100 293548 293548 2144594 2144594 5301366 5301366 376550 376550 COST OF POWER 48493552 48493552 DISTRIBUTION - MAINTENA 3898348 3898348 DISTRIBUTION - OPERATIO 3332758 3332758 ADMINISTRATIVE AND GENE 2481792 2481792 -7475823 -7475823 70990462 70990462 0 0 3699405 1881448 7409491 6552827 2104154 1616700 263697 274322 163501746 51535565 103464223 111966181 3000000 54371 34778563 35329822 602386 794966 155321919 158470637 7043167 6139472 80976746 81927547 6683740 6875846 94703653 94942865 X 1126755 1142200 -408595 -393013 59900106 62778585 60618266 63527772 155321919 158470637 X 0 2909506 X X 0 1 X 1 0 62451 62451 8095860 2569833 5526027 152851537 48965732 103885805 2491898 2491898 111966181 PROGRAM RELATED INVESTMENTS 35329822 F 35329822 ACCUMULATED POSTRETIREMENT BENEFITS 4687632 CUSTOMER DEPOSITS 818684 OTHER CURRENT AND ACCRUED LIABILITIES 1178969 OTHER DEFERRED CREDITS 190561 6875846 X 70990462 0 70990462 0 70990462 70990462 0 70990462 0 70990462 PART X, LINE 2: INTER-COUNTY'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. MANAGEMENT BELIEVES INTER-COUNTY HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 0 SCHOLARSHIPS TO KENTUCKY COLLEGES 6 6000 CASH X X 0 0 0 JERRY CARTER PRESIDENT/CEO 232935 0 0 0 0 0 0 0 70973 0 303908 0 0 0 DAVID PHELPS VP OPERATIONS 162506 0 0 0 0 0 0 0 51354 0 213860 0 0 0 KASEY WALLS CREW LEADER 140078 0 0 0 0 0 0 0 44058 0 184136 0 0 0 COLBY GRIDER LINE TECH FIRST CLASS 140512 0 0 0 0 0 0 0 42828 0 183340 0 0 0 DAN HITCHCOCK VP, MEMBER SERVICES 137325 0 0 0 0 0 0 0 44802 0 182127 0 0 0 DAVID HORNE 1ST CLASS LINE ENG TECH 153502 0 0 0 0 0 0 0 27797 0 181299 0 0 0 ALYSSA KURTZ CFO 127233 0 0 0 0 0 0 0 35271 0 162504 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 - THE "CREDENTIALS AND ELECTIONS COMMITTEE" MEETS EVERY YEAR THERE IS AN ELECTION TO VERIFY QUALIFICATIONS AND CERTIFY CANDIDATES FOR ELECTION TO THE BOARD OF DIRECTORS. ALL BOARD CANDIDATES, INCLUDING INCUMBENTS, MUST OBTAIN A PETITION SIGNED BY 25 OR MORE ELIGIBLE MEMBERS AND PRESENT THOSE TO THE "CREDENTIALS AND ELECTIONS COMMITTEE". DIRECTORS ARE ELECTED AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY VOTE AT A MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED AT ANY REGULAR OR SPECIAL MEETING OF THE BOARD OF DIRECTORS WITH A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY THE FORM 990 PRIOR TO FILING FOR REVIEW AND CHANGES AS NEEDED. 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. BOARD ANNUALLY EVALUATES THE PERFORMANCE OF THE PRES/CEO AND SETS COMPENSATION USING DATA SUPPLIED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. 15B. OUTSIDE CONSULTANT PROVIDES MARKET RESEARCH DATA ON EACH POSITION BASED UPON JOB DESCRIPTIONS. USUALLY, AN AVERAGE IS TAKEN FOR AT LEAST 2-3 RESULTS. THE MARKET VALUE BECOMES THE "TARGET" FOR EACH POSITION. WHETHER AN EMPLOYEE RECEIVES A MARKET ADJUSTMENT DEPENDS UPON THEIR PERFORMANCE APPRAISAL RESULTS. THE BOARD REVIEWS AND APPROVES THE STUDY. FORM 990, PART VI, SECTION C, LINE 19 THE MOST CURRENT VERSION OF THE ARTICLES OF INCORPORATION AND BYLAWS ARE AVAILABLE TO THE PUBLIC ON THE COOPERATIVE'S WEBSITE AND ARE ALSO AVAILABLE IN PRINTED FORM UPON REQUEST. THE ARTICLES OF INCORPORATION AND BYLAWS ARE PUBLISHED ANNUALLY IN THE KENTUCKY LIVING MAGAZINE DISTRIBUTED TO EACH MEMBER. FINANCIAL STATEMENTS ARE AVAILABLE ON THE KENTUCKY PUBLIC SERVICE COMMISSION'S WEBSITE, AND ARE PUBLISHED ANNUALLY IN THE KENTUCKY LIVING MAGAZINE AND DISTRIBUTED TO EACH MEMBER. A COPY OF THE FORM 990 IS DISPLAYED IN THE LOBBY OF EACH OFFICE. IN ADDITION, ANYONE MAY REQUEST A COPY OF THE FILING. FORM 990, PART XI, LINE 9: ACCUMULATED COMPREHENSIVE INCOME 15,582. INCREASE IN MEMBERSHIPS 15,445. MARGINS ALLOCATED TO MEMBERS 3,028,042. REFUNDS OF CAPITAL CREDITS -164,833. OTHER EQUITIES 15,270. 990, PT XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS DURING THE PREVIOUS TAX YEAR. FORM 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.