Compensation 990

Golden Spread Electric Cooperative Inc.

Fiscal year ending 2022. Filed on November 16, 2023.

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 2022 IRS Form 990 filing, Golden Spread Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 13 out of 103 total employees. Among the employees shown here, the average compensation is $458,531. The highest compensated employee at Golden Spread Electric Cooperative Inc. is Kari Hollandsworth with fiscal year 2022 compensation of $1,397,433.

Revenue, expenses, and employee compensation

Revenue

$772,338,275

Expenses

$760,503,573

Employee compensation

$23,893,879
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋44.9%vs 2021
Kari Hollandsworth
President and Chief Executive Officer
$1,397,433
$840,114 from orgNo related comp$557,319 other
＋7.2%vs 2021
Michael Wise
Senior Vice President - Reg/Mkt Strategy
$547,655
$370,609 from orgNo related comp$177,046 other
New in 2022
James Guy
General Counsel
$510,088
$370,639 from orgNo related comp$139,449 other
＋12.9%vs 2021
Robert M Lowe
Chief Financial Officer and Assistant Treasurer
$501,890
$359,984 from orgNo related comp$141,906 other
＋7.8%vs 2021
Matthew Moore
Vice President - Commerical and Assets OPS
$499,241
$333,261 from orgNo related comp$165,980 other
＋1.0%vs 2021
John Eichelmann
Vice President - Member SVCS and Power Delivery
$495,766
$363,648 from orgNo related comp$132,118 other
－1.0%vs 2021
Stephen Cross
Director - Power Supply
$476,910
$330,095 from orgNo related comp$146,815 other
＋3.8%vs 2021
Robert McMinn
Director - Power Delivery
$397,294
$245,860 from orgNo related comp$151,434 other
＋8.0%vs 2021
Natasha Henderson
Director - Compliance Mkt/Reg Affairs
$396,046
$284,844 from orgNo related comp$111,202 other
New in 2022
Clifton Usleton
Executive IT Director
$328,615
$237,468 from orgNo related comp$91,147 other
－49.9%vs 2021
William Harrelson
General Counsel
$299,586
$195,541 from orgNo related comp$104,045 other
New in 2022
Dale Ancell
Director
$57,283
$57,283 from orgNo related compNo other comp

Non-Employee Board Members

＋39.0%vs 2021
Shad McDaniel
Director
$54,404
$44,504 from orgNo related comp$9,900 other
＋29.1%vs 2021
Danny Helms
Director
$49,204
$38,954 from orgNo related comp$10,250 other
＋38.0%vs 2021
Albert Daniel
Director
$45,824
$45,824 from orgNo related compNo other comp
＋16.1%vs 2021
Brent Wheeler
Director
$44,251
$44,251 from orgNo related compNo other comp
＋41.8%vs 2021
Kelly Lankford
Chair
$44,114
$44,114 from orgNo related compNo other comp
＋25.2%vs 2021
David Tipton
Director
$43,940
$36,140 from orgNo related comp$7,800 other
＋19.2%vs 2021
Mark Appling
Director
$41,905
$41,905 from orgNo related compNo other comp
＋19.0%vs 2021
David McClain
Secretary and Treasurer
$40,572
$40,572 from orgNo related compNo other comp
New in 2022
Randy White
Director (June-Dec)
$40,446
$40,446 from orgNo related compNo other comp
＋20.2%vs 2021
Ryan Bartlett
Director
$39,774
$39,774 from orgNo related compNo other comp
＋14.9%vs 2021
Ben Franklin
Director
$39,193
$39,193 from orgNo related compNo other comp
＋21.9%vs 2021
Shawn Martinez
Director
$39,132
$39,132 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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