Golden Spread Electric Cooperative Inc
Amarillo, TX · EIN 75-1941060 · Rank 1,224 by total revenue
The organization is a consumer-owned wholesale electric power supplier cooperative.
Money, Form 990 for tax year 2024
- Total revenue
- $545,165,927
- Total expenses
- $545,165,927
- Total assets
- $1,366,174,653
- Salary base (all salaries and wages)
- $17,368,852
- Salaries, other pay and benefits
- $24,677,726
- Employees
- 104
- Salary base per employee
- $167,008
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (37)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Kari Hollandsworth | PRESIDENT & CHIEF EXECUTIVE OFFICER | Officer | 45 | $1,358,943 |
| James Guy | GEN COUNSEL & CHIEF LEGAL/COMPLIANCE OFFICER | Officer | 50 | $522,139 |
| Robert M Lowe | CHIEF FINANCIAL OFFICER & ASST TREASURER | Officer | 40 | $508,667 |
| David McClain | SECRETARY/TREASURER | Board, Officer | 7.6 | $50,705 |
| Kelly Lankford | CHAIRMAN | Board, Officer | 7.1 | $39,117 |
| Greg Henley | VICE CHAIRMAN | Board, Officer | 3.8 | $33,960 |
| John Eichelmann | VP - MEMBER SVCS & POWER DELIVERY | Key employee | 45 | $514,573 |
| Matthew Moore | VP - COMMERICAL & ASSETS OPERATIONS | Key employee | 40 | $508,689 |
| Danny Helms | DIRECTOR | Board | 4.5 | $53,402 |
| Shad McDaniel | DIRECTOR | Board | 7.8 | $52,435 |
| Dale Ancell | DIRECTOR | Board | 7.2 | $49,729 |
| Albert Daniel | DIRECTOR | Board | 4.9 | $49,098 |
| David Tipton | DIRECTOR | Board | 5 | $46,983 |
| Grace Subealdea | DIRECTOR | Board | 7.5 | $45,031 |
| David Sell | DIRECTOR | Board | 7.4 | $43,465 |
| David Marricle | DIRECTOR | Board | 6.2 | $43,012 |
| Andrew Keith Hicks | DIRECTOR | Board | 4 | $42,718 |
| Randy White | DIRECTOR | Board | 4.6 | $42,367 |
| Zac Perkins | DIRECTOR | Board | 7.3 | $39,549 |
| Shawn Martinez | DIRECTOR | Board | 10.4 | $37,096 |
| Ben Franklin | DIRECTOR | Board | 4.2 | $36,609 |
| Vick Christian | DIRECTOR | Board | 5.9 | $35,723 |
| William Whitten | DIRECTOR | Board | 4.1 | $35,156 |
| Ryan Bartlett | DIRECTOR | Board | 6.2 | $34,918 |
| Jeff Copeland | DIRECTOR | Board | 4.6 | $34,222 |
| Timothy J Burkhalter | DIRECTOR | Board | 5.9 | $33,378 |
| Cecil Davis | DIRECTOR | Board | 4.1 | $32,645 |
| Mark Hegi | DIRECTOR | Board | 4.5 | $31,526 |
| Pat Jackson | DIRECTOR | Board | 3.9 | $30,679 |
| Brent Lee McMillian | DIRECTOR | Board | 4.7 | $29,786 |
| Richard Blake Moore | DIRECTOR | Board | 4 | $29,556 |
| Benny Dean Nixon | DIRECTOR | Board | 3.8 | $27,099 |
| Kevin Humphreys | DIRECTOR | Board | 4.1 | $27,068 |
| Synda Smith | DIRECTOR | Board | 6.1 | $26,382 |
| Randy Mahannah | DIRECTOR | Board | 3.7 | $25,205 |
| Michael Souder | DIRECTOR | Board | 3.4 | $24,936 |
| Dwain Strange | DIRECTOR | Board | 3.9 | $24,260 |
Top 10 paid people listed
These 10 people received $5,329,259, which is 30.7% of the $17,368,852 salary base shared by 104 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Kari Hollandsworth | PRESIDENT & CHIEF EXECUTIVE OFFICER | Officer | 45 | $906,358 | $0 | $452,585 | $1,358,943 |
| James Guy | GEN COUNSEL & CHIEF LEGAL/COMPLIANCE OFFICER | Officer | 50 | $399,068 | $0 | $123,071 | $522,139 |
| John Eichelmann | VP - MEMBER SVCS & POWER DELIVERY | Key employee | 45 | $392,340 | $0 | $122,233 | $514,573 |
| Matthew Moore | VP - COMMERICAL & ASSETS OPERATIONS | Key employee | 40 | $355,242 | $0 | $153,447 | $508,689 |
| Robert M Lowe | CHIEF FINANCIAL OFFICER & ASST TREASURER | Officer | 40 | $391,258 | $0 | $117,409 | $508,667 |
| Michael Wise | SENIOR VP - REG/MKT STRATEGY | Highly paid employee | 45 | $352,418 | $0 | $147,839 | $500,257 |
| Robert McMinn | DIRECTOR - POWER DELIVERY | Highly paid employee | 40 | $257,878 | $0 | $137,256 | $395,134 |
| Bret Yeary | DIRECTOR - POWER SUPPLY | Highly paid employee | 42 | $252,828 | $0 | $140,073 | $392,901 |
| David Marsh | SENIOR PRODUCTION ASSET MANAGER | Highly paid employee | 38 | $230,467 | $0 | $85,682 | $316,149 |
| Clifton Usleton | EXECUTIVE IT DIRECTOR | Highly paid employee | 48 | $228,579 | $0 | $83,228 | $311,807 |
Sources
- IRS e-file return 202523169349303252 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 75-1941060
- Organization website (as filed): www.gsec.coop