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Organizations Golden Spread Electric Cooperative Inc.

Golden Spread Electric Cooperative Inc.

Fiscal year ending 2021. Filed on November 15, 2022.

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 2021 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 101 total employees. Among the employees shown here, the average compensation is $500,756. The highest compensated employee at Golden Spread Electric Cooperative Inc. is Kari Hollandsworth with fiscal year 2021 compensation of $964,645.

Revenue, expenses, and employee compensation

Revenue

$703,244,105

Expenses

$720,095,326

Employee compensation

$22,422,216
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kari Hollandsworth
President and Chief Executive Officer
$964,645
$646,231 No related comp$318,414
William Harrelson
General Counsel
$598,038
$436,739 No related comp$161,299
Michael Wise
Senior Vice President - Reg/Mkt Strate
$511,006
$355,796 No related comp$155,210
John Eichelmann
Vice President - Member SVCS and Power D
$490,756
$353,076 No related comp$137,680
Stephen Cross
Director - Power Supply
$481,956
$338,176 No related comp$143,780
Matthew Moore
Vice President - Commerical and Assets O
$463,204
$320,227 No related comp$142,977
Robert M Lowe
Chief Financial Officer and Assistant Treasurer
$444,418
$325,104 No related comp$119,314
Darla Blackmore
Vice President, Human Resources
$437,577
$361,082 No related comp$76,495
Robert McMinn
Director - Power Delivery
$382,743
$240,246 No related comp$142,497
Bret Yeary
MGR - Plant Performance and
$367,343
$240,814 No related comp$126,529
Natasha Henderson
Director - Compliance Mkt/Reg A
$366,631
$268,118 No related comp$98,513

Benchmark Employee Compensation

Non-Employee Board Members

Dale Ancell
Director
$47,100
$47,100 No related compNo other comp
Shad McDaniel
Director
$39,150
$24,395 No related comp$14,755
Stan McClendon
Director
$39,100
$39,100 No related compNo other comp
David Marricle
Director
$38,200
$38,200 No related compNo other comp
David Sell
Director
$38,150
$38,150 No related compNo other comp
James Batton
Director
$38,100
$38,100 No related compNo other comp
Brent Wheeler
Director
$38,100
$38,100 No related compNo other comp
Danny Helms
Director
$38,100
$18,600 No related comp$19,500
Andrew Keith Hicks
Director
$35,200
$35,200 No related compNo other comp
Mark Appling
Director
$35,150
$35,150 No related compNo other comp
David Tipton
Director
$35,100
$24,900 No related comp$10,200
David McClain
Secretary and Treasurer
$34,100
$34,100 No related compNo other comp

Contractors

General Electric International
Construction and Material
$33,173,911
Nrg Energy Services LLC
Construction and Material
$11,371,772
Siemens Energy Inc.
Maintenance and Materail
$7,468,551
Aces Power Marketing LLC
Purchase Power
$3,979,438
Wartsila North America Inc.
Maintenance and Materail
$3,368,589

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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