2025-08-22T17:57:11-04:00 2024-12-31 994625061 CRI ADVISORS LLC PO BOX 1388 LUFKIN TX 759021388 990 2024-01-01 740695563 SAM HOUSTON ELECTRIC COOPERATIVE INC SAMH 9363275711 PO BOX 1121 LIVINGSTON TX 773511121 JOSEPH CONNER CHIEF RISK OFFICER 9363281217 2025-08-21 true true MEHGAN IBANEZ CPA P02031962 9366346621 2025-08-21 2024 2025-03-06 01:10:19Z DOUGLAS TURK PO BOX 1121 LIVINGSTON TX 773511121 232198959 false X WWW.SAMHOUSTON.NET X 1939 TX SALES AND SERVICE OF ELECTRICAL POWER TO MEMBERS ON A COOPERATIVE BASIS. 11 11 189 0 0 217697141 230966925 339743 439410 787764 792624 218824648 232198959 0 2309308 0 2683486 3450459 0 0 214104341 228654623 219097135 232105082 -272487 93877 609884987 670983040 394207723 454342962 215677264 216640078 SALES AND SERVICES OF ELECTRICAL POWER TO MEMBERS ON A COOPERATIVE BASIS false false SALES AND SERVICE OF ELECTRICAL POWER TO APPROXIMATELY 93,000 ACCOUNTS ON A COOPERATIVE BASIS false false false false false false false true false true false true false true true 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 true true false false true 84 0 true 189 true false false false false false 224954332 7244627 false false false X 11 11 false false false false true true true true false false false true true true true true true true true false X SONYA REECE 9363275711 PO BOX 1121 LIVINGSTON TX 77351 X SONYA REECE CFO 45.88 X 177633 0 40464 DOUGLAS TURK CEO 71.37 X 461080 0 118691 RYAN BROWN ASSISTANT GM 47.36 X 331868 0 79663 KEITH STAPLES CIO 39.78 X 274566 0 117279 JOSEPH CONNER CHIEF RISK O 42.59 X 271096 0 63809 RICKY HARRELL CMS OFFICER 43.92 X 244981 0 129613 RACHEL HAWKINS CCO 43.17 X 234007 0 41511 JOEL COLSTON CHIEF ENGINE 46.68 X 226380 0 54053 DANA MASSEY CHIEF HR OFF 44.50 X 191382 0 81882 JOHN HARRIS LINEMAN 72.62 X 209395 0 42397 SCOTT FERGUSON DIRECTOR COO 45.42 X 201588 0 149722 GARY WHITE DIRECTOR OF 47.19 X 192508 0 160361 ROBERT LANTRIP LINEMAN 67.34 X 197947 0 49780 CRAIG BARLOW LINEMAN 67.41 X 191532 0 67862 ROBERT BOYD DIRECTOR 9.94 X 27568 0 0 DON BOYETT PRESIDENT 7.04 X X 32218 0 0 CASEY EVANS DAVIS DIRECTOR 3.25 X 26469 0 0 JAMES ELMORE DIRECTOR 1.88 X 26568 0 0 KATHERINE HARDIN SECRETARY 3.32 X X 22768 0 0 GARY JENKE DIRECTOR 4.39 X 26568 0 0 ERNIE MILES DIRECTOR 3.92 X 24318 0 0 MICHAEL OLDNER DIRECTOR 2.71 X 25069 0 0 MILT PURVIS DIRECTOR 4.31 X 69 0 0 JIM SEALE DIRECTOR 4.38 X 25069 0 0 CHUCK TURNER VICE PRESIDE 3.42 X X 25568 0 0 LYNN HENDRIX - SEE SCHEDULE O RETIRED DIRE 0.00 X 20501 0 0 ROBERT LEISNER - SEE SCHEDULE O RETIRED DIRE 0.00 X 20501 0 0 3709217 1197087 105 true true false EAST TEXAS ELECTRIC COOPERATIVE PO BOX 631623 NACOGDOCHES TX 759631623 WHOLESALE ELECT 130295711 KBS MANAGEMENT PO BOX 4591 BRYAN TX 77805 WAREHO 33095807 COTTON UTILITY CONSTRUCTORS INC 1845 GALLOWAY LANE LIVINGSTON TX 77351 LINE CONTRACTOR 11118795 SHELTON ENERGY SOLUTIONS LLC 1439 CENTRE COURT SUITE 600 ALEXANDRIA LA 71315 LINE CONTRACTOR 7754227 STORM SERVICES LLC 3949 US HIGHWAY 93 SOUTH THOMASVILLE GA 31792 7197703 99 ELECTRIC ENERGY 221000 224954332 224954332 PATRONAGE CAPITAL - G&T 221000 4280876 4280876 PATRONAGE CAPITAL - OTHER 221000 1731717 1731717 230966925 124538 124538 314872 314872 314872 314872 QUALIFIED POLE RENTAL 221000 792624 792624 792624 232198959 232074421 124538 3402207 48252 15112884 24834463 COST OF PURCHASED POWER 133806395 MAINTENANCE - DIST EXP 28137449 ADMIN & GENERAL 8669734 CONSUMER ACCOUNTS 7775545 10318153 232105082 0 0 0 2590282 3598959 1562424 3886537 21885458 20050621 382062 322518 18521256 34761598 790569698 269501616 482464647 521068082 82478858 87294725 609884987 670983040 33057306 33349250 964176 1036098 351824406 408481351 8361835 11476263 394207723 454342962 X 215677264 216640078 215677264 216640078 609884987 670983040 X 93877 868937 X false true X true false false true X 11215468 11215468 21071107 11908956 9162151 758283123 257592660 500690463 521068082 PATRONAGE INVESTMENT - ETEC (SRG&T) 50529933 C PATRONAGE CAPITAL - ETEC 19312649 C PATRONAGE CAPITAL - COBANK 8795670 C PATRONAGE CAPITAL - CFC 5476854 C PATRONAGE INVESTMENT - ETEC (TEX-LA) 2183024 C INVESTMENT IN OTHER ASSOC. ORG 513898 C PATRONAGE CAPITAL - TEC 482697 C 87294725 POST RETIREMENT BENEFITS 7785162 OVER RECOVERED POWER COSTS 3691101 11476263 X 232198959 232198959 232198959 232105082 232105082 232105082 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE COOPERATIVE HOLDS SCHOLARSHIP FUNDS IN A CUSTODIAL CAPACITY GRANTED BY TEXAS LEGISLATURE HOUSE BILL 3203. THIS LEGISLATION ALLOWS ELECTRIC COOPERATIVES TO USE UNCLAIMED PROPERTY TO FUND SCHOLARSHIPS, ECONOMIC DEVELOPMENT, AND ENERGY EFFICIENCY GRANTS. THE COOPERATIVE WAS HOLDING 1,304,213 IN SUCH FUNDS AT YEAR END 2024 AND 962,295 AT YEAR END 2023. THE COOPERATIVE IS HOLDING 1,885 AND 1,881 AT YEAR END 2024 AND 2023, RESPECTIVELY, THAT IT COLLECTED FOR OPERATION ROUNDUP. OPERATION ROUNDUP IS A PROGRAM THAT WAS IMPLEMENTED IN 2014 BY THE COOPERATIVE TO ALLOW MEMBERS THE OPTION TO ROUND UP THEIR MONTHLY POWER BILLS TO THE NEXT DOLLAR FOR THE PURPOSE OF ALLOWING THAT MONEY TO BE ACCUMULATED BY THE SAM HOUSTON ELECTRIC COOPERATIVE CHARITABLE FOUNDATION, A RELATED ORGANIZATION, AND DONATED FOR CHARITABLE OR OTHER NONPROFIT PURPOSES TO ENTITIES IN THE COOPERATIVE'S SERVICE AREA. THE FUNDS ARE COLLECTED BY THE COOPERATIVE AND REMITTED TO THE FOUNDATION. SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE OF 1986. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. FASB ASC 740 REQUIRES RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE CURRENTLY ACCOUNTS FOR UNCERTAIN TAX POSITIONS BASED ON THE ESTIMATED LIKELIHOOD OF ASSESSMENT AND HAS NOT DETERMINED THAT ANY TAX POSITIONS REQUIRE AN ACCRUAL BASED ON CURRENT STANDARDS OF ACCOUNTING. FOR FEDERAL INCOME TAX PURPOSES, THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE DATE ON WHICH THOSE RETURNS ARE FILED. X X X X X X false false false SONYA REECE CFO 162605 6277 8751 26491 13973 218097 DOUGLAS TURK CEO 449471 9600 2009 91821 26870 579771 RYAN BROWN ASSISTANT GM 307268 9600 15000 52801 26862 411531 KEITH STAPLES CIO 252479 9600 12487 102728 14551 391845 JOSEPH CONNER CHIEF RISK OFFICER 249271 9600 12225 36947 26862 334905 RICKY HARRELL CMS OFFICER 225311 9600 10070 128103 1510 374594 RACHEL HAWKINS CCO 214337 9600 10070 26960 14551 275518 JOEL COLSTON CHIEF ENGINEER OFFIC 205759 9600 11021 27225 26828 280433 DANA MASSEY CHIEF HR OFFICER 173003 9600 8779 60942 20940 273264 JOHN HARRIS LINEMAN 203921 5474 16247 26150 251792 SCOTT FERGUSON DIRECTOR COOP SERVIC 183328 9600 8660 126131 23591 351310 GARY WHITE DIRECTOR OF SAFETY 174413 9600 8495 133750 26611 352869 ROBERT LANTRIP LINEMAN 192473 5474 35942 13838 247727 CRAIG BARLOW LINEMAN 186058 5474 41704 26158 259394 LYNN HENDRIX - SEE SCHEDULE O RETIRED DIRECTOR 20501 20501 ROBERT LEISNER - SEE SCHEDULE O RETIRED DIRECTOR 20501 20501 SCHEDULE J, PART III PART II, COLUMN C. INCLUDED IN THIS AMOUNT ARE THE EMPLOYER CONTRIBUTIONS TO THE DEFINED CONTRIBUTION PLAN (401K) AND THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER THE NRECA R&S DEFINED BENEFIT PLAN. THE CHANGE IN ACTUAL VALUE FOR EACH INDIVIDUAL PARTICIPANT IS BASED ON ACTUARIAL DATA AND ASSUMPTIONS. THE AMOUNTS IN COLUMN C ARE FURTHER EXPLAINED AS FOLLOWS. SONYA REECE - 9,168 401K, 17,323 ACTUARIAL INCREASE DOUGLAS TURK - 20,700 401K, 71,121 ACTUARIAL INCREASE KEITH STAPLES - 15,031 401K, 87,697 ACTUARIAL INCREASE JOSEPH CONNER - 14,670 401K, 22,277 ACTUARIAL INCREASE RYAN BROWN - 17,412 401K, 35,389 ACTUARIAL INCREASE SCOTT FERGUSON - 10,348 401K, 115,783 ACTUARIAL INCREASE RICKY HARRELL - 12,121 401K, 115,982 ACTUARIAL INCREASE DANA MASSEY - 9,417 401K, 51,525 ACTUARIAL INCREASE CRAIG BARLOW - 5,415 401K, 36,289 ACTUARIAL INCREASE RACHEL HAWKINS - 12,121 401K, 14,839 ACTUARIAL INCREASE JOHN HARRIS - 5,386 401K, 10,861 ACTUARIAL INCREASE JOEL COLSTON - 11,681 401K, 15,544 ACTUARIAL INCREASE GARY WHITE - 9,700 401K, 124,050 ACTUARIAL INCREASE ROBERT LANTRIP - 5,453 401K, 30,489 ACTUARIAL INCREASE FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER HAS A RIGHT TO RECEIVE ADEQUATE AND DEPENDABLE ELECTRIC SERVICE, PRIVACY, BE HEARD AT MEMBER MEETINGS, THEIR SHARE OF CAPITAL CREDITS, INFORMATION ABOUT SAM HOUSTON ECI, HAVE THEIR PROPERTY TREATED WITH CARE BY COOPERATIVE EMPLOYEES, BE HEARD IF THEY HAVE A DISPUTE OR COMPLAINT, AND HAVE SERVICE WITHOUT REGARD TO RACE, COLOR, SEX, NATIONALITY, RELIGION, OR MARITAL STATUS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS HAVE THE ABILITY TO ELECT THE GOVERNING BODY. DIRECTORS ARE ELECTED FOR 5 YEAR TERMS AND MUST MEET CERTAIN QUALIFICATIONS AS DEFINED BY THE COOPERATIVE BYLAWS. ELECTIONS ARE CONDUCTED BY MAIL OR ELECTRONIC BALLOT. THE BOARD OF DIRECTORS APPOINTS AN ELECTION COMMITTEE WHOSE TERMS AND QUALIFICATIONS ARE DEFINED IN THE BYLAWS. NOMINEES ARE CHOSEN BY THE ELECTION COMMITTEE AND A BALLOT IS PREPARED AND POSTED AS WELL AS MAILED. NOMINATIONS BY PETITION ARE ALSO ACCEPTED. A DEADLINE FOR RECEIPT OF BALLOTS IS DEFINED IN THE COOPERATIVE BYLAWS. A NOMINEE RECEIVING THE MOST VOTES FOR A PARTICULAR PLACE SHALL BE DEEMED ELECTED. FORM 990, PAGE 6, PART VI, LINE 7B THE MEMBERS MUST APPROVE BY VOTE ALL DIRECTORS AS WELL AS ANY CHANGES TO THE ARTICLES OF INCORPORATION. FORM 990, PAGE 6, PART VI, LINE 8B THE COMMITTEES MAKE ADVISORY RECOMMENDATIONS TO, BUT ARE NOT AUTHORIZED TO ACT ON BEHALF OF, THE GOVERNING BODY. FORM 990, PAGE 6, PART VI, LINE 11B ONE OF THE DUTIES ASSIGNED TO THE AUDIT COMMITTEE BY THE BOARD IS PRELIMINARY REVIEW OF THE 990. EACH MEMBER OF THE AUDIT COMMITTEE IS ALLOWED TIME TO REVIEW THE 990 AND INQUIRE OF THE PARTIES RESPONSIBLE FOR THE 990 COMPLETION AND FILING. ONCE THE AUDIT COMMITTEE HAS REVIEWED AND APPROVED THE 990, IT IS MADE AVAILABLE TO THE FULL BOARD FOR REVIEW AND QUESTIONS. THE AUDIT COMMITTEE MAKES RECOMMENDATIONS TO THE ENTIRE BOARD THAT THE 990 BE APPROVED AND FILED. AFTER BOARD APPROVAL, THE 990 IS FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE HAS INCLUDED A CONFLICT OF INTEREST POLICY IN ITS BOARD POLICY MANUAL. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST INQUIRY ANNUALLY AND SIGN AN AFFIDAVIT IDENTIFYING WHETHER ANY SUCH CONFLICTS EXIST. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR INTERPRETING AND ENFORCING THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A A WAGE AND SALARY SURVEY IS OBTAINED ANNUALLY FROM AN INDEPENDENT SOURCE. A COMMITTEE OF THE BOARD REVIEWS THE SURVEY AND OTHER RELEVENT INFORMATION AND MAKES A RECOMMENDATION TO THE FULL BOARD. THE BOARD REVIEWS THE INFORMATION AND SETS THE COMPENSATION FOR THE CEO. FORM 990, PAGE 6, PART VI, LINE 15B A WAGE AND SALARY SURVEY IS OBTAINED ANNUALLY FROM AN INDEPENDENT SOURCE. THE CEO REVIEWS THE SURVEY AND MAKES A RECOMMENDATION TO A COMMITTEE OF THE BOARD FOR SALARY RANGES FOR OFFICERS AND KEY EMPLOYEES. THAT COMMITTEE REVIEWS THE RECOMMENDED RANGES, MAKES ANY NECESSARY CHANGES AND RECOMMENDS THE RANGES TO THE FULL BOARD FOR APPROVAL. THE CEO EVALUATES THE OFFICERS AND KEY EMPLOYEES AND SETS THEIR SALARIES WITHIN THE RANGES APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. FINANCIAL STATEMENTS ARE ALSO INCLUDED IN AN ANNUAL REPORT AND MAILED TO ALL MEMBERS. FORM 990, PART VII COMPENSATION AMOUNTS FOR RETIRED DIRECTORS REFLECT CERTAIN HEALTH INSURANCE BENEFITS DURING THE CALENDAR YEAR. FORM 990, PART XI, LINE 9 OTHER COMPREHENSIVE INCOME 868,937 SAM HOUSTON ELECTRIC COOPERATIVE CH 1157 EAST CHURCH STREET LIVINGSTON TX 773513360 474364992 CHARITABLE TX 501C3 7 SHECO SAM HOUSTON ELECTRIC COOPERATIVE true false false false false false false false false false false false false false false false false false false false SCHEDULE R TRANSACTIONS WITH RELATED ORGANIZATIONS PART V LINE 1 PART V LINE 1(L), PART V LINE 1 (N), & PART V LINE 1 (0) - THE COOPERATIVE USES ITS EMPLOYEES AND FACILITIES TO ADMINISTER OPERATIONS OF THE SAM HOUSTON ELECTRIC COOPERATIVE CHARITABLE FOUNDATION. THE COOPERATIVE DOES NOT CHARGE OR COLLECT FEES FOR THESE ACTIVITIES. PART V LINE 1(R) - THE COOPERATIVE ROUTINELY COLLECTS MONTHLY DONATIONS, ON BEHALF OF THE SAM HOUSTON ELECTRIC COOPERATIVE CHARITABLE FOUNDATION, AS PART OF THE COOPERATIVE'S MONTHLY BILLINGS TO MEMBERS. ALL DONATIONS COLLECTED ARE REMITTED TO THE FOUNDATION ON A MONTHLY BASIS. THE COOPERATIVE DOES NOT RECEIVE ANY FEE FOR THESE SERVICES. THE FAIR VALUE OF THESE SERVICES HAVE BEEN DETERMINED TO BE BELOW 50,000.