Nonprofit · EIN 34-4325955
PAULDING-PUTNAM ELECTRIC COOPERATIVE INC
Tax-exempt · PAULDING, OH 45879
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $54,338,109 | $54,338,109 | $0 | $163,640,497 | $82,117,826 | $81,522,671 |
| December 31, 2024 | 990 | $50,982,985 | $50,982,985 | $0 | $133,538,852 | $54,987,754 | $78,551,098 |
| December 31, 2023 | 990 | $47,142,326 | $47,142,326 | $0 | $124,568,771 | $47,857,122 | $76,711,649 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $52,409,747
- Investment income
- $1,794,501
- Net rental income
- $116,261
- Net gain from sales of assets
- $21,300
- Other revenue
- $133,861
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,190,418
- Compensation of officers, directors and key employees
- $165,879
- Other salaries and wages
- $4,613,597
- Salaries, compensation and benefits (total)
- $5,416,532
- Professional fundraising fees
- $0
- Legal fees
- $106,666
- Accounting fees
- $8,950
- Occupancy
- $668,007
- Travel
- $33,431
- Depreciation
- $4,206,879
Balance sheet and other
- Total assets, start of year
- $133,538,852
- Total assets, end of year
- $163,640,497
- Total liabilities, end of year
- $82,117,826
- Net assets, end of year
- $81,522,671
- Land, buildings and equipment
- $125,077,983
- Gross receipts
- $54,338,109
- Employees
- 66
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Randy Price | President and CEO Officer | 40 | $253,639 | $88,483 |
| Nicholas Eltzroth | COO Officer | 40 | $167,903 | $67,498 |
| Renee Hull | CFO Officer | 40 | $148,067 | $48,589 |
| Andrew Hermiller | Lineman Highest-paid employee | 40 | $131,855 | $54,523 |
| Garrett Gerdeman | Lineman Highest-paid employee | 40 | $121,908 | $53,186 |
| Stewart Taylor | Lineman Highest-paid employee | 40 | $117,088 | $52,486 |
| Adam Drummelsmith | Lineman Highest-paid employee | 40 | $115,627 | $52,427 |
| Jordan Mohler | Lineman Highest-paid employee | 40 | $119,137 | $36,357 |
| Timothy Derck | Treasurer and Secretary Trustee or director, Officer | 11 | $24,895 | $109 |
| Adam Schnipke | Chairman Trustee or director, Officer | 9 | $22,463 | $109 |
| Joseph Kohnen | Trustee Trustee or director | 5 | $21,915 | $109 |
| Ronald Black | Trustee Trustee or director | 7 | $19,125 | $93 |
| Steven McMichael | Trustee Trustee or director | 7.5 | $18,650 | $109 |
| John Saxton | Trustee Trustee or director | 7 | $18,338 | $73 |
| William Beckman | Vice Chairman Trustee or director, Officer | 6.5 | $16,155 | $109 |
2 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| William Dowler | Trustee Trustee or director | 4.5 | $13,350 | $109 |
| Ken Niese | Trustee Trustee or director | 5.5 | $10,988 | $109 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Randy Price | President and CEO Officer | 40 | $219,170 | $77,179 |
| Tim Bowley | Operations Supervisor Highest-paid employee | 40 | $151,106 | $0 |
| Nicholas Eltzroth | COO Officer | 40 | $136,160 | $0 |
| Andrew Hermiller | Lineman Supervisor Highest-paid employee | 40 | $128,595 | $0 |
| John McMaster | Line Supervisor Highest-paid employee | 40 | $121,285 | $0 |
| Jordan Mohler | LIneman Highest-paid employee | 40 | $117,436 | $0 |
| Doug Johanns | Sr Staking Technician Highest-paid employee | 40 | $114,174 | $0 |
| Renee Hull | CFO Officer | 40 | $75,704 | $0 |
| Joseph Kohnen | Chairman Trustee or director, Officer | 9.5 | $28,420 | $107 |
| Ronald Black | Trustee Trustee or director | 10.2 | $25,050 | $92 |
| Steven McMichael | Trustee Trustee or director | 9.1 | $23,018 | $107 |
| Adam Schnipke | Vice Chairman Trustee or director, Officer | 9 | $22,895 | $107 |
| Timothy Derck | Treasurer and Secretary Trustee or director, Officer | 7 | $20,120 | $107 |
| John Saxton | Trustee Trustee or director | 8.4 | $19,350 | $72 |
| Bill Beckman | Trustee Trustee or director | 7.2 | $17,480 | $107 |
| William Dowler | Trustee Trustee or director | 6.2 | $17,425 | $107 |
| Ken Niese | Trustee Trustee or director | 7.4 | $14,550 | $107 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE CARTER | CEO Former | 40 | $281,290 | $39,978 |
| RANDY PRICE | CEO Officer | 40 | $166,242 | $43,948 |
| TIMOTHY BOWLEY | OPERATIONS M Highest-paid employee | 40 | $134,642 | $0 |
| ROB WEISENBURGER | SYSTEM ENGIN Highest-paid employee | 40 | $126,952 | $0 |
| DOUG JOHANNS | SENIOR STAKI Highest-paid employee | 40 | $114,921 | $0 |
| JOHN MCMASTER | LINE SUPERVI Highest-paid employee | 40 | $113,306 | $0 |
| ANDREW HERMILLER | LINEMAN SUPE Highest-paid employee | 40 | $111,633 | $0 |
| STEVEN MCMICHAEL | CHAIRMAN Trustee or director, Officer | 8.59 | $20,710 | $110 |
| JOSEPH KOHNEN | VICE-CHAIRMA Trustee or director, Officer | 7.77 | $19,073 | $110 |
| RONALD BLACK | SECRETARY/TR Trustee or director, Officer | 8.31 | $17,725 | $94 |
| JOHN M SAXTON | TRUSTEE Trustee or director | 7.71 | $16,875 | $74 |
| ADAM SCHNIPKE | TRUSTEE Trustee or director | 7.23 | $16,675 | $110 |
| TIMOTHY A DERCK | TRUSTEE Trustee or director | 6.22 | $16,358 | $110 |
| BILL BECKMAN | TRUSTEE Trustee or director | 6.36 | $13,800 | $110 |
| KEN W NIESE | TRUSTEE Trustee or director | 6.52 | $12,938 | $110 |
| WILLIAM DOWLER | TRUSTEE Trustee or director | 4.79 | $12,450 | $110 |
Address and contacts
- Address (IRS master file)
- 401 MC DONALD PIKE, PAULDING, OH 45879-9270
- In care of
- % RANDY PRICE
- Principal officer (990 for 2025)
- RANDY PRICE, 401 MC DONALD PIKE, PAULDING, OH 45879
- Signed the 990
- RANDY PRICE, CEO
- Phone
- (419) 399-5015
- Website
- www.ppec.coop
Mission
TO PROVIDE SAFE RELIABLE AND SUSTAINABLE ENERGY AND COMMUNICATIONS SERVICES TO OUR MEMBERS AND COMMUNITIES WITH SUPERIOR CUSTOMER SERVICE AND INNOVATIVE SOLUTIONS.
Program accomplishments
- DISTRIBUTION OF ELECTRICAL ENERGY TO 14,272 CONSUMERS AT 13,850 SERVICE POINTS AND THE MAINTENANCE OF APPROXIMATELY 1,725 MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES.Expenses $54,715,818 · revenue $52,399,249
- DISTRIBUTION OF FIBER INTERNET TO 88 CONSUMERSExpenses $10,498 · revenue $10,498
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-4325955
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $163,640,497
- Income (IRS master file)
- $54,338,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $54,338,109 | $54,338,109 | $163,640,497 | IRS |
| 990 | December 2024 | $50,982,985 | $50,982,985 | $133,538,852 | IRS |
| 990 | December 2023 | $47,142,326 | $47,142,326 | $124,568,771 | XML |
| 990 | December 2022 | $47,973,353 | $47,973,353 | $120,578,805 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-4325955).
Questions about PAULDING-PUTNAM ELECTRIC COOPERATIVE INC
- What is the EIN of PAULDING-PUTNAM ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of PAULDING-PUTNAM ELECTRIC COOPERATIVE INC is 34-4325955.
- Is PAULDING-PUTNAM ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to PAULDING-PUTNAM ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PAULDING-PUTNAM ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PAULDING-PUTNAM ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PAULDING-PUTNAM ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PAULDING-PUTNAM ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names RANDY PRICE.
- Who are the officers and directors of PAULDING-PUTNAM ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $253,639 (Randy Price, President and CEO).
- How much revenue does PAULDING-PUTNAM ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $54,338,109, expenses of $54,338,109 and total assets of $163,640,497 at year end.
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