Compensation 990

Golden Spread Electric Cooperative Inc.

Fiscal year ending 2024. Filed on November 12, 2025.

905 S Fillmore St Suite 300
Amarillo, Texas 79101

Golden Spread Electric Cooperative Inc. (EIN: 75-1941060) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Golden Spread Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 11 out of 104 total employees. Among the employees shown here, the average compensation is $489,245. The highest compensated employee at Golden Spread Electric Cooperative Inc. is Kari Hollandsworth with fiscal year 2024 compensation of $1,358,943.

Revenue, expenses, and employee compensation

Revenue

$545,165,927

Expenses

$545,165,927

Employee compensation

$24,677,726
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

－2.8%vs 2022
Kari Hollandsworth
President and Chief Executive Officer
$1,358,943
$906,358 from orgNo related comp$452,585 other
＋2.4%vs 2022
James Guy
GEN Counsel and Chief Legal/Compliance Officer
$522,139
$399,068 from orgNo related comp$123,071 other
＋3.8%vs 2022
John Eichelmann
Vice President - Member SVCS and Power Delivery
$514,573
$392,340 from orgNo related comp$122,233 other
＋1.9%vs 2022
Matthew Moore
Vice President - Commerical and Assets Operations
$508,689
$355,242 from orgNo related comp$153,447 other
＋1.4%vs 2022
Robert M Lowe
Chief Financial Officer and ASST Treasurer
$508,667
$391,258 from orgNo related comp$117,409 other
－8.7%vs 2022
Michael Wise
Senior Vice President - Reg/Mkt Strategy
$500,257
$352,418 from orgNo related comp$147,839 other
－0.5%vs 2022
Robert McMinn
Director - Power Delivery
$395,134
$257,878 from orgNo related comp$137,256 other
＋7.0%vs 2021
Bret Yeary
Director - Power Supply
$392,901
$252,828 from orgNo related comp$140,073 other
New in 2024
David Marsh
Senior Production Asset Manager
$316,149
$230,467 from orgNo related comp$85,682 other
－5.1%vs 2022
Clifton Usleton
Executive IT Director
$311,807
$228,579 from orgNo related comp$83,228 other
New in 2024
Shad McDaniel
Director
$52,435
$52,435 from orgNo related compNo other comp

Non-Employee Board Members

＋8.5%vs 2022
Danny Helms
Director
$53,402
$38,402 from orgNo related comp$15,000 other
＋25.0%vs 2022
David McClain
Secretary and Treasurer
$50,705
$41,705 from orgNo related comp$9,000 other
＋5.6%vs 2021
Dale Ancell
Director
$49,729
$49,729 from orgNo related compNo other comp
＋7.1%vs 2022
Albert Daniel
Director
$49,098
$49,098 from orgNo related compNo other comp
＋6.9%vs 2022
David Tipton
Director
$46,983
$36,983 from orgNo related comp$10,000 other
New in 2024
Grace Subealdea
Director
$45,031
$45,031 from orgNo related compNo other comp
＋13.9%vs 2021
David Sell
Director
$43,465
$43,465 from orgNo related compNo other comp
＋11.1%vs 2022
David Marricle
Director
$43,012
$43,012 from orgNo related compNo other comp
＋9.6%vs 2022
Andrew Keith Hicks
Director
$42,718
$42,718 from orgNo related compNo other comp
＋4.7%vs 2022
Randy White
Director
$42,367
$42,367 from orgNo related compNo other comp
＋9.6%vs 2022
Zac Perkins
Director
$39,549
$39,549 from orgNo related compNo other comp
－11.3%vs 2022
Kelly Lankford
Chair
$39,117
$39,117 from orgNo related compNo other comp

Mission Statement

TO DELIVER COST EFFECTIVE, COMPETITIVE AND RELIABLE POWER TO PROVIDE A SECURE ENERGY FUTURE FOR GENERATIONS TO COME BY CREATING OPPORTUNITIES, CULTIVATING COOPERATION AND NAVIGATING INDUSTRY RISK.

Revisions to this organization profile

November 12, 2025:
2024 Golden Spread Electric Cooperative Inc. 990 filed
November 16, 2023:
2022 Golden Spread Electric Cooperative Inc. 990 filed
November 15, 2022:
2021 Golden Spread Electric Cooperative Inc. 990 filed

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