2025-11-06T16:16:59-05:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 521309853 SOUTHERN MARYLAND ELEC COOPERATIVE INC WORKERS COMPENSATION PLAN SOUT 3012744328 PO BOX 1937 HUGHESVILLE MD 206371937 BETH A KENNEDY SR VP & CFO 3012744328 2025-11-06 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-11-06 2024 2025-03-06 01:10:19Z BETH A KENNEDY PO BOX 1937 HUGHESVILLE MD 206371937 874415 false X WWW.SMECO.COOP X 1982 MD THE TRUST PROVIDES WORKER'S COMPENSATION BENEFITS THROUGH SELF AND EXCESS COVERAGE INSURANCE, AS SPECIFIED BY THE COURT AND/OR OTHER AUTHORITIES, TO EMPLOYEES OF THE COOPERATIVE AND/OR THEIR BENEFICIARIES. 6 6 0 0 0 864812 856839 14850 17576 812382 0 1692044 874415 0 428032 145176 0 0 0 315914 656410 743946 801586 948098 72829 2573785 2961596 838032 1153014 1735753 1808582 THE TRUST PROVIDES WORKER'S COMPENSATION BENEFITS THROUGH SELF AND EXCESS COVERAGE INSURANCE, AS SPECIFIED BY THE COURT AND/OR OTHER AUTHORITIES, TO EMPLOYEES OF THE COOPERATIVE AND/OR THEIR BENEFICIARIES. false false 713688 THE COOPERATIVE MAKES CONTRIBUTIONS TO THE TRUST AS DEEMED NECESSARY TO FUND PROJECTED COSTS. CONTRIBUTIONS WILL BE MADE EACH MONTH UNTIL MANAGEMENT BELIEVES THE TRUST IS ADEQUATELY FUNDED. 713688 false false false 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 true false false false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 6 6 false false false false false false false true true false false false true true true true true false false false X SOUTHERN MD ELECTRIC COOP 3012744328 PO BOX 1937 HUGHESVILLE MD 206371937 X SONJA M COX PRESIDENT & 0.20 50.00 X 0 967272 115107 BETH A KENNEDY SR VP & CFO 0.20 50.00 X 0 415450 79862 W RAYNER BLAIR III CHAIRMAN 0.20 5.00 X X 0 42200 0 RICHARD A WINKLER DIRECTOR 0.20 5.00 X 0 37600 0 P SCOTT WHITE DIRECTOR 0.20 4.00 X 0 33800 0 WILLIAM R CULLINS III COMM. CHAIRM 0.20 3.00 X X 0 29800 0 JOSEPH GILBERT MURPHY DIRECTOR 0.20 2.00 X 0 28700 0 DANIEL W DYER DIRECTOR 0.20 2.00 X 0 27150 0 SHORE UNITED BANK TRUSTEE X 0 0 0 1581972 194969 false true false RIGGS COUNSELMAN MICHAELS & DOWNES 555 FAIRMOUNT AVENUE BALTIMORE MD 21286 INS., ADMIN FEE 290739 1 EMPLOYER CONTRIBUTIONS 856839 856839 856839 17576 17576 874415 856839 17576 145176 145176 INC (DEC) IN CLAIMS LIABI 305468 305468 EXCESS INSUR COVERAGE 263044 263044 OTHER GENERAL EXPENSES 51493 51493 ADMIN & MGMT 36405 36405 801586 713688 87898 0 2449843 2815799 123942 145797 2573785 2961596 838032 1153014 838032 1153014 X 1735753 1808582 1735753 1808582 2573785 2961596 72829 X false true X true false 874415 874415 874415 801586 801586 801586 false true false false false false false false false SONJA M COX PRESIDENT & CEO 570769 50000 346503 87458 27649 1082379 BETH A KENNEDY SR VP & CFO 332258 25707 57485 58615 21247 495312 SCHEDULE J, PAGE 1, PART I, LINE 4 SONJA M. COX 0 375,046 0 BETH A. KENNEDY 0 56,085 0 SCHEDULE J, PART III CONTRIBUTIONS TO THE PLAN MADE BY SOUTHERN MARYLAND ELECTRIC COOPERATIVE, INC. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO THE CFO AND CONTROLLER. ONCE APPROVED, THE FORM 990 IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THIS WORKERS' COMPENSATION PLAN TRUST IS SET UP FOR THE EXCLUSIVE PURPOSE OF PROVIDING WORKERS' COMP BENEFITS. IT IS CONTROLLED BY SOUTHERN MARYLAND ELECTRIC COOPERATIVE (SMECO), AND THEREFORE, FALLS UNDER THE GOVERNING POLICIES OF SMECO. THE CONFLICT OF INTEREST POLICY, WHISTLE BLOWER POLICY AND DOCUMENT RETENTION POLICY ARE THE SAME AS THOSE ESTABLISHED BY SMECO. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PROVIDED TO THE MEMBERSHIP AT THE ANNUAL MEETING. FINANCIAL DATA IS ALSO INCLUDED ON THE 990 WHICH IS AVAILABLE UPON REQUEST. FORM 990, PART VII PART VII, SECTION A, COLUMN E SOUTHERN MARYLAND ELECTRIC COOPERATIVE, INC. WORKERS COMPENSATION PLAN IS CONSIDERED A RELATED PARTY TO SOUTHERN MARYLAND ELECTRIC COOPERATIVE (SMECO) FOR PURPOSES OF THE 990. AS A RESULT, THE COMPENSATION FROM SMECO IS REQUIRED TO BE REPORTED ON THIS 990 UNDER COLUMN E. THIS COMPENSATION IS NOT RELATED TO THE WORKERS COMPENSATION PLAN AND IS BY NO MEANS AN EXPENSE OF THE WORKERS COMPENSATION PLAN. IT IS ONLY REQUIRED TO BE REPORTED BASED ON THE INSTRUCTIONS OF THE CURRENT YEAR 990. SOUTHERN MARYLAND ELECTRIC COOP PO BOX 1937 HUGHESVILLE MD 206371937 520492367 DISTR ELEC MD 501C12 N/A false false false false false false false false false false false false false false false false false false false true SOUTHERN MARYLAND ELECTRIC COOPERAT S 856839 COST