2020-05-15T11:41:20-05:00 2019-12-31 610420207 JONES NALE & MATTINGLY PLC 642 SOUTH FOURTH ST STE 300 LOUISVILLE KY 40202 990 2019-01-01 610329022 SALT RIVER ELECTRIC COOPERATIVE SALT 5023483931 PO BOX 609 BARDSTOWN KY 40004 TIMOTHY J SHARP PRESIDENT & CEO 5023483931 2020-05-08 1 TRAVIS C FRICK P01728213 5025830248 12.70.187.66 2020-05-08 09:14:01 ED P 1EC08E63CED8AC1F09EB41F059A25F1B2D84B675 1EC08E63CED8AC1F09EB41F059A25F1B2D84B675 2019 2020-11-06 18:47:13Z TIMOTHY J SHARP PO BOX 609 BARDSTOWN KY 40004 111692003 0 X WWW.SRELECTRIC.COM X 1936 KY DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 51,600 CONSUMERS MONTHLY. 6 6 76 0 141277 131658 0 0 107816372 105032679 1184283 1151632 5364770 5507692 114365425 111692003 0 0 8626645 8618524 8876707 8866337 0 0 0 96862073 94207142 114365425 111692003 0 0 175358298 179433871 68704768 67225800 106653530 112208071 DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 51,600 CONSUMERS MONTHLY. 0 0 103073479 109504812 PROVIDE DISTRIBUTION SALES OF ELECTRICITY TO AN AVERAGE OF APPROXIMATELY 51,600 CONSUMERS MONTHLY ON A PATRONAGE BASIS. 103073479 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 0 1 0 0 0 0 0 1 0 0 1 25 0 1 76 1 1 1 0 0 0 0 0 0 109504812 2045914 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 MGR OF FIN 5023483931 PO BOX 609 BARDSTOWN KY 40004 X JIMMIE LONGMIRE CHAIRMAN 5.00 X X 19711 0 0 GARRY MANN DIRECTOR 10.00 X 18350 0 0 DARRELL TINGLE DIRECTOR 5.00 X 19350 0 0 GAYLE TROUTMAN TREASURER 5.00 X X 21050 0 0 ALBERT CAHOE VICE CHAIRMAN 5.00 X X 20511 0 0 LINDA WEST SECRETARY 5.00 X X 18688 0 0 TIM SHARP PRESIDENT & CEO 45.00 X 255324 0 44574 MECHONDA O'BRIEN VP FINANCE & CFO 45.00 X 110737 0 30668 NICKY RAPIER CHIEF INFO OFFICER 45.00 X 147648 0 27662 BRAD CLEMENTS LINEMAN 48.00 X 116288 0 25786 JAMES THORNSBERRY LINEMAN 49.00 X 123071 0 12910 JAN HEDGEPETH MGR OF HR 45.00 X 116251 0 24648 ISAAC TUCKER LINEMAN 51.00 X 127684 0 26271 1114663 0 192519 7 0 1 0 0 ELECTRIC SERVICE 221000 104743123 104743123 ELECTRIC MERCHANDISE 221000 289556 289556 105032679 1151632 1151632 G&T CAPITAL CREDITS 221000 4277713 4277713 JOINT USE POLE RENTALS 221000 818497 818497 CAPITAL CREDITS ALLOCATED 221000 194420 194420 217062 141277 75785 5507692 111692003 109504812 141277 2045914 8618524 8618524 372983 372983 4424899 4424899 2204822 2204822 1424742 1424742 438891 438891 12900 12900 40654 40654 52265 52265 2404495 2404495 6513838 6513838 59470 59470 COST OF POWER 83747055 83747055 ADMINISTRATIVE AND GENE 3344240 3344240 DISTRIBUTION - OPERATIO 2517911 2517911 DISTRIBUTION - MAINTENA 1963743 1963743 -6449429 -6449429 111692003 111692003 0 0 4193731 23063974 18882393 11002704 10998533 343599 389798 825337 873548 217886 225930 164342046 94154444 70742623 70187602 65570634 69562762 3579391 4131724 175358298 179433871 9152383 9376590 54144813 52164218 5407572 5684992 68704768 67225800 X 2317690 2386790 -6413588 -7214241 110749428 117035522 106653530 112208071 175358298 179433871 X 0 5554541 X 0 1 X 1 1 1 164342046 94154444 70187602 70187602 PROGRAM RELATED INVESTMENTS 69562762 F 69562762 CONSUMER DEPOSITS 3062953 ACCRUED EXPENSES 1240484 CONSUMER ADVANCES FOR CONSTRUCTION 481377 ACCUMULATED POSTRETIREMENT BENEFITS 900178 5684992 111692003 0 111692003 0 111692003 111692003 0 111692003 0 111692003 X X X X 0 0 0 TIM SHARP PRESIDENT & CEO 255324 0 0 0 0 0 0 0 44574 0 299898 0 0 0 MECHONDA O'BRIEN VP FINANCE & CFO 110737 0 0 0 0 0 0 0 30668 0 141405 0 0 0 NICKY RAPIER CHIEF INFO OFFICER 147648 0 0 0 0 0 0 0 27662 0 175310 0 0 0 BRAD CLEMENTS LINEMAN 116288 0 0 0 0 0 0 0 25786 0 142074 0 0 0 JAMES THORNSBERRY LINEMAN 123071 0 0 0 0 0 0 0 12910 0 135981 0 0 0 JAN HEDGEPETH MGR OF HR 116251 0 0 0 0 0 0 0 24648 0 140899 0 0 0 ISAAC TUCKER LINEMAN 127684 0 0 0 0 0 0 0 26271 0 153955 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 -800,653. MARGINS ALLOCATED TO MEMBERS 8,618,524. MEMBERSHIPS ISSUED 69,100. OTHER EQUITIES 335,111. REFUNDS OF CAPITAL CREDITS -2,667,541. 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 117983 138691 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0