2022-05-06T15:14:58-07:00 2021-12-31 990 2021-01-01 314197135 GUERNSEY-MUSKINGUM ELECTRIC COOP GUER 7408267661 17 S Liberty Street New Concord OH 43762 Brian Hill CEO 7408267661 2022-05-06 1 11 0 AAL2 X 2021 2022-09-23 18:48:47Z Guernsey-Muskingum Electric Coop 17 S Liberty Street New Concord OH 43762 38288440 0 X www.gmenergy.com X 1938 OH The Cooperative operates on a non-profit basis and accounts on patronage basis to all its patrons for all amounts received and receivable from furnishing of electric and other services in excess of cost and expenses with understanding they are furnished by patrons as capital 7 7 47 0 0 0 704826 0 35035410 37148930 80848 188877 1103482 926198 36924566 38264005 6600 6100 0 0 3761756 3516933 0 0 0 30099656 32226726 33868012 35749759 3056554 2514246 95420824 95596998 47130380 45997291 48290444 49599707 To provide quality electric energy and other services at lowest cost, consistent with sound economy and good management 0 0 The Cooperative continues to provide quality electric energy and other services to our members and served a total of 17,012 accounts at the end of 2021. In 2021, 199 new services were installed throughout our service territory. The Cooperative returned over $1,204,000 to our members, in 2021 through the retirement of patronage capital. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 17 0 1 47 1 0 0 0 0 0 37653197 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Brian Hill General Manager CEO 7408267661 17 S Liberty Street New Concord OH 43762 Brian Hill General Manager/CEO 40 X 165106 0 54680 Kenneth Tolliver Operations Manager 40 X 154701 0 47540 Andy Bone Controller 40 X 121340 0 47348 Maureen Riley Director 6.6 X 10600 0 0 Edward G Bay Secretary-Treasurer 6 X 9955 0 0 Matt Carpenter Vice Chair 6 X 9955 0 0 Shirley Stultz Chairman 6 X 9955 0 0 John Enos Director 5.5 X 9520 0 0 A Duane Parks Director 5.5 X 9520 0 0 Jay Gray Director 5.5 X 9520 0 0 510172 0 149568 11 0 1 0 Asplundh Tree Expert Co 708 Blair Mill Road Willow Grove PA 19090 Right-of-way Tree Trimming 779413 New River 15 Cloverdale Cloverdale VA 24077 Construction Electric Distribution 528561 Jaflo Inc 1550 Pond Road Suite 200 Allentown PA 18104 Right-of-way Tree Trimming 1736867 Lost Time Control West Inc 1202 N Ingleside Farm Road Iron Station NC 28080 Pole Inspection & Treatment 230110 4 0 Energy Sale to Members 221000 36425189 36425189 0 0 Pole Connects 221000 421931 421931 0 0 Other 221000 301810 301810 0 0 0 0 0 0 37148930 44497 0 0 44497 0 0 0 0 0 0 0 0 0 0 0 168815 0 24435 0 144380 144380 144380 0 0 Patronage Capital from Assoc 900099 924158 924158 0 0 Misc Income/Loss 900099 2040 2040 0 0 0 0 0 0 926198 38264005 38219508 0 44497 6100 659740 1912435 348045 415432 181281 96934 71520 30312 3016629 84654 276755 18656 18111 8819 1352598 2331391 Purchase Power 21564460 Real Estate Tax 1139883 KWH Tax 1103272 Transportation Expense 278551 834181 35749759 0 0 0 4704682 1645891 3675003 3750664 580652 1585713 704573 842630 92025816 22732992 67042922 69292824 17332011 17071991 1380981 1407285 95420824 95596998 4349545 4924511 41971550 40147226 809285 925554 47130380 45997291 X 0 0 3872 3872 48286572 49595835 48290444 49599707 95420824 95596998 X 2514246 0 0 0 0 -1204983 X 0 1 1 0 0 556467 556467 0 2654247 1240753 1413494 0 0 0 0 0 88815102 21492239 67322863 0 0 0 0 69292824 Patronage Capital Buckete Power 14086152 C Buckeyc Power Equity 922383 C National Rural Utitities CFC Capital 744336 C Patronage Capital CFC 360275 C Patronage Capital UUS 357966 C Federated Insurance 177619 C Interest in Heartland Emergency 168410 C National Rural Utilities CFC Member Services 100000 C Other Investments 154850 C 17071991 Consumer Deposits 593476 Consumer Advance for Construction 189386 Consumer Advance for Prepaid Construction 49852 Other deferred credits 92210 Rental Property Deposit 630 925554 38264005 0 0 0 0 0 38264005 0 0 0 38264005 35749759 0 0 0 0 0 35749759 0 0 0 35749759 1 Scholarshps for students 8 6100 0 Schedule I, Part I, Line 2 Scholarships are given to member's high school students who apply and the students go thru the interview process which decides who gets what scholarship. X X 0 0 0 Brian Hill General Manager/CEO 165106 0 0 0 0 0 0 0 54680 0 219786 0 0 Kenneth Tolliver Operations Manager 154701 0 0 0 0 0 0 0 47540 0 202241 0 Andy Bone Controller 121340 0 0 0 0 0 0 0 47348 0 168688 0 Form 990, Part VI, Section A, Line 6 The organization is an electric distribution cooperative owned by its members Form 990, Part VI, Section A, Line 7a The members of the board of directors are elected by vote of membership Form 990, Part VI, Section A, Line 7b Changes to the cooperative Code of Regulations require approval of membership by vote Form 990, Part VI, Section B, Line 11b A complete copy is provided to each board member and 990 is reviewed at a regular board meeting. So that, board members have an opportunity to ask questions. Form 990, Part VI, Section B, Line 12c Directors, officers and staff must complete a questioner each year with details on any potential conflicts. These are reviewed by Management and the Board. Form 990, Part VI, Section B, Line 15 Compensation levels are determined by comparing compensation levels for similar positions through national and state compensation surveys. A wage and salary proposal is presented to the board annually and is subject to their request Form 990, Part VI, Section C, Line 19 Copies of the governing documents are available on the cooperative's website. Paper copies of the governing documents, polices, and financials statements are available at the cooperative office upon request. Form 990, Part XI, Line 9 The cooperative returned over $1,204,000 to our members in 2021 through the retirement of patronage capital. Such payments are not an expense on our audited financial statements, but represents a return of capital.