2021-04-19T08:51:18-05:00 2020-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2020-01-01 610329022 SALT RIVER ELECTRIC COOPERATIVE SALT 5023483931 PO BOX 609 BARDSTOWN KY 40004 TIMOTHY J SHARP PRESIDENT & CEO 5023483931 2021-04-01 1 TIMOTHY SHARP 999009999 TRAVIS C FRICK P01728213 5025830248 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z TIMOTHY J SHARP PO BOX 609 BARDSTOWN KY 40004 103102993 0 X WWW.SRELECTRIC.COM X 1936 KY DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 52,015 CONSUMERS MONTHLY. 6 6 73 0 145774 178379 0 0 105032679 97760749 1151632 473723 5507692 4868521 111692003 103102993 0 0 8618524 6728742 8866337 9370976 0 0 0 94207142 87003275 111692003 103102993 0 0 179433871 184280715 67225800 68429101 112208071 115851614 DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 52,015 CONSUMERS MONTHLY. 0 0 103102993 101587362 PROVIDE DISTRIBUTION SALES OF ELECTRICITY TO AN AVERAGE OF APPROXIMATELY 52,015 CONSUMERS MONTHLY ON A PATRONAGE BASIS. 103102993 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 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 17 0 1 73 1 1 1 0 0 0 0 0 0 101587362 1369857 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X MECHONDA O'BRIEN CFO 5023483931 PO BOX 609 BARDSTOWN KY 40004 JIMMIE LONGMIRE CHAIRMAN 5.00 X X 16998 0 0 GARRY MANN DIRECTOR 10.00 X 15992 0 0 DARRELL TINGLE DIRECTOR 5.00 X 16000 0 0 GAYLE TROUTMAN TREASURER 5.00 X X 17400 0 0 ALBERT CAHOE VICE CHAIRMAN 5.00 X X 17398 0 0 LINDA WEST SECRETARY 5.00 X X 16609 0 0 TIM SHARP PRESIDENT & CEO 45.00 X 298476 0 49853 MECHONDA O'BRIEN CFO 45.00 X 135677 0 35770 NICKY RAPIER CHIEF INFO OFFICER 45.00 X 161091 0 30602 BRAD CLEMENTS LINEMAN 48.00 X 124610 0 28812 JAMES THORNSBERRY LINEMAN 49.00 X 136783 0 14195 JAN HEDGEPETH MGR OF HR 45.00 X 126245 0 27387 ISAAC TUCKER LINEMAN 51.00 X 137700 0 29521 CHASE MILLS DIRECTOR OF SYSTEM OPS 45.00 X 133085 0 35714 1354064 0 251854 8 0 1 0 0 ELECTRIC SERVICE 221000 97579386 97579386 ELECTRIC MERCHANDISE 221000 181363 181363 97760749 473723 473723 G&T CAPITAL CREDITS 221000 3577645 3577645 JOINT USE POLE RENTALS 221000 734541 734541 CAPITAL CREDITS ALLOCATED 221000 248968 248968 307367 145774 161593 4868521 103102993 101587362 145774 1369857 6728742 6728742 534550 534550 4538811 4538811 2226731 2226731 1613033 1613033 457851 457851 78735 78735 15500 15500 20485 20485 1513832 1513832 6989236 6989236 COST OF POWER 76381613 76381613 ADMINISTRATIVE AND GENE 3408068 3408068 DISTRIBUTION - OPERATIO 2919437 2919437 DISTRIBUTION - MAINTENA 2281506 2281506 -6605137 -6605137 103102993 103102993 0 0 23063974 24107444 10998533 10326947 389798 177164 873548 857153 225930 148483 170678676 100122804 70187602 70555872 69562762 73287039 4131724 4820613 179433871 184280715 9376590 8879440 52164218 53403993 5684992 6145668 67225800 68429101 X 2386790 2458065 -7214241 -8006644 117035522 121400193 112208071 115851614 179433871 184280715 X 0 3643543 X 0 1 X 1 1 1 170678676 100122804 70555872 70555872 PROGRAM RELATED INVESTMENTS 73287039 F 73287039 CONSUMER DEPOSITS 3125488 ACCRUED EXPENSES 1387129 CONSUMER ADVANCES FOR CONSTRUCTION 726305 ACCUMULATED POSTRETIREMENT BENEFITS 906746 6145668 103102993 0 103102993 0 103102993 103102993 0 103102993 0 103102993 X X X X 0 0 0 TIM SHARP PRESIDENT & CEO 298476 0 0 0 0 0 0 0 49853 0 348329 0 0 0 NICKY RAPIER CHIEF INFO OFFICER 161091 0 0 0 0 0 0 0 30602 0 191693 0 0 0 MECHONDA O'BRIEN CFO 135677 0 0 0 0 0 0 0 35770 0 171447 0 0 0 CHASE MILLS DIRECTOR OF SYSTEM OPS 133085 0 0 0 0 0 0 0 35714 0 168799 0 0 0 ISAAC TUCKER LINEMAN 137700 0 0 0 0 0 0 0 29521 0 167221 0 0 0 JAN HEDGEPETH MGR OF HR 126245 0 0 0 0 0 0 0 27387 0 153632 0 0 0 BRAD CLEMENTS LINEMAN 124610 0 0 0 0 0 0 0 28812 0 153422 0 0 0 JAMES THORNSBERRY LINEMAN 136783 0 0 0 0 0 0 0 14195 0 150978 0 0 0 LOCK 7 HYDRO PARTNERS CEO IS A BOARD MEMBER KEEP FINANCIAL RECORDS 0 LOCK 7 HYDRO PARTNERS CFO IS SEC/TREASURER KEEP FINANCIAL RECORDS 0 LOCK 7 HYDRO PARTNERS DIRECTOR DIRECTOR WEST IS DIRECTOR 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBERS HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR THERE IS AN ELECTION TO SELECT MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY 100 OR MORE ELIGIBLE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - THE BY-LAWS MAY BE AMENDED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE 990 PRIOR TO FILING. MAY MAKE INQUIRIES OF INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, IF REQUESTED, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR IN A CLOSED SESSION AND ARE ABLE TO ASK QUESTION AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C SALT RIVER HAS A BOARD POLICY ADDRESSING CONFLICTS OF INTEREST. THIS IS REVIEWED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 15.A AND B. THE BOARD RECEIVES DATA FROM BOTH LOCAL AND NATIONAL SURVEYS. THE BOARD USES THIS DATA, ALONG WITH A PERFORMANCE REVIEW, TO SET COMPENSATION. THE BOARD HAS USED, AND OCCASSIONALLY DOES, USE AN INDEPENDENT HUMAN RESOURCE CONSULTING FIRM TO REVIEW THE COMPENSATION AND PROCESS. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS ARE GIVEN TO EACH MEMBER. EACH YEAR FINANCIAL STATEMENETS ARE GIVEN TO MEMBERS AND AN ANNUAL MEETING OF MEMBERS IS HELD. FORM 990, PART XI, LINE 9: ACCUMULATED COMPREHENSIVE INCOME -792,403. MARGINS ALLOCATED TO MEMBERS 6,728,742. MEMBERSHIPS ISSUED 71,275. OTHER EQUITIES 329,389. RETIREMENT OF CAPITAL CREDITS -2,693,460. FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL CREDITS 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. LOCK 7 HYDRO PARTNERS LLC PO BOX 609 BARDSTOWN KY 40004 421671910 HYDRO ELECT KY 159487 118259 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0