2019-04-10T16:51:03-07:00 2018-12-31 351877201 ALAN ZUMSTEIN 1032 CHETFORD DRIVE LEXINGTON KY 40509 990 2018-01-01 610329022 Salt River Electric Cooperative SALT 5023483931 PO Box 609 Bardstown KY 40004 Timothy J Sharp President & CEO 2019-04-10 true Alan Zumstein P00641130 8592647147 X 2018 2019-02-21 02:37:17Z PO Box 609 Bardstown KY 40004 114365425 false false 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 132394 217156 0 99860371 107816372 847181 1184283 3588631 5364770 104296183 114365425 0 5284080 8626645 8553359 8876707 0 0 90458744 96862073 104296183 114365425 0 177492279 175358298 75587422 68704768 101904857 106653530 Distribution sales of electricity on a patronage basis to an average of approximately 51,600 consumers monthly. false false 105738780 112181221 Provide distribution sales of electricity to an average of approximately 51,600 consumers monthly on a patronage basis. 105738780 false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true false false true 25 0 true 76 true true true false false false false false false false 112181221 2051810 false false false false false X 6 6 false false false false true true true true true false false true true true true false true true true false X Mechonda O'Brien Mgr of Fin 5023483931 PO Box 609 Bardstown KY 40004 Jimmie Longmire Chairman 5.00 0.00 X X 19248 0 0 Garry Mann Director 10.00 0.00 X 17600 0 0 Darrell Tingle Director 5.00 0.00 X 18400 0 0 Gayle Troutman Treasurer 5.00 0.00 X X 21400 0 0 Albert Cahoe Vice Chairman 5.00 0.00 X X 19648 0 0 Linda West Secretary 5.00 0.00 X X 19787 0 0 Tim Sharp President & CEO 40.00 0.00 X 238050 0 42222 Mechonda O'Brien VP Finance & CFO 40.00 0.00 X 104476 0 29002 Nicky Rapier Cheif Info Officer 40.00 0.00 X 145684 0 26657 Brad Clements Lineman 40.00 0.00 X 136371 0 25586 James Thornsberry Lineman 40.00 0.00 X 128118 0 12668 Rick Hoops Lineman 40.00 0.00 X 125597 0 25193 Isaac Tucker Lineman 40.00 0.00 X 124069 0 25068 1118448 186396 12 false true false 0 0 Electric merchandise 221000 293917 293917 Electric service 221000 107522455 107522455 107816372 1184283 1184283 0 0 0 0 0 0 0 Capital credits allocated 221000 242449 242449 G&T capital credits 221000 4122400 4122400 Joint use pole rentals 221000 644160 644160 355761 132394 223367 5364770 114365425 112181221 132394 2051810 0 0 0 8626645 8626645 458609 458609 0 4522974 4522974 2208493 2208493 1231205 1231205 455426 455426 0 109123 109123 12650 12650 0 0 0 0 0 0 0 0 0 0 0 51964 51964 2603202 2603202 0 6343271 6343271 0 Cost of power 85851419 85851419 Administrative and general 3426930 3426930 Distribution - operations 3049003 3049003 Distribution - maintenance 1929508 1929508 -6514997 -6514997 114365425 114365425 0 0 2024146 4193731 25218287 18882393 0 11464464 11002704 0 0 19934 343599 833706 825337 192807 217886 159413591 88670968 72136030 70742623 0 0 61463413 65570634 0 4139492 3579391 177492279 175358298 9392700 9152383 60543931 54144813 5650791 5407572 75587422 68704768 X 2248440 2317690 -4859912 -6413588 104516329 110749428 101904857 106653530 177492279 175358298 X 0 4748673 X false true X true true true 159413591 88670968 70742623 70742623 65570634 Accrued expenses 1071291 Accumulated postretirement benefits 896565 Consumer advances for construction 462186 Consumer deposits 2977530 5407572 114365425 114365425 114365425 114365425 114365425 114365425 X X X X false false false Brad Clements Lineman 136371 25586 161957 Nicky Rapier Cheif Info Officer 145684 26657 172341 Rick Hoops Lineman 125597 25193 150790 Tim Sharp President & CEO 238050 42222 280272 Lock 7 Hydro Partners CEO is a Board member Keep financial records. false Lock 7 Hydro Partners CFO is Sec/Treasurer Keep financial records. false Lock 7 Hydro Partners Director Director West as director false Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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, Line 7a: How Members or Shareholders Elect Governing Body 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, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders 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, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Salt River has a Board Policy addressing conflicts of interest. This is reviewed on an annual basis. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Line 19: Other Organization Documents Publicly Available ByLaws are given to each member. Each year financial statemenets are given to members and an annual meeting of members is held. Other Changes In Net Assets Or Fund Balances - Other Decreases Accumulated comprehensive income = -$1553676 Other Changes In Net Assets Or Fund Balances - Other Increases Margins allocated to members = $8626645 Other Changes In Net Assets Or Fund Balances - Other Increases Memberships issued = $69250 Other Changes In Net Assets Or Fund Balances - Other Increases Other equities = $311001 Other Changes In Net Assets Or Fund Balances - Other Decreases Refunds of capital credits = -$2704547 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 N/A 214342 163130 false true 0.50000 false false false false false false false false false false false false false false false false false false false