Overview
What is Tricounty Rural Electric Cooperative Inc?
Tricounty Rural Electric Cooperative Inc is a nonprofit organization, headquartered in northwest Ohio, dedicated to providing electricity to rural communities across five counties. With an average of 4,434 consumers served annually and a total energy sale of 72,587,466 kilowatt hours in 2021, the cooperative plays a vital role in supplying power to its members. Beyond energy distribution, it maintains an extensive network of 623 miles of distribution lines to ensure reliable service. The organization's core activity revolves around selling electricity to its members, serving as a vital energy provider in the rural areas it serves.
Official website here: www.tricountyelectriccoop.coop
Is Tricounty Rural Electric Cooperative Inc legitimate?
Tricounty Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tricounty Rural Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $304,424
Professional Fundraising Fees: $0
Other Salaries and Wages: $615,397
For more financial information, click here
Official website here: www.tricountyelectriccoop.coop
What is the mission statement of Tricounty Rural Electric Cooperative Inc?
Tricounty Rural Electric Cooperative Inc serves as a facilitator, providing electricity to its member base in rural areas. Its primary activity involves the sale of electricity, ensuring a consistent supply to over 4,000 consumers annually. In 2021, the cooperative sold a substantial amount of energy, totaling 72,587,466 kilowatt hours. Additionally, the cooperative is responsible for maintaining an extensive distribution network, spanning 623 miles of lines. Although the mission statement is not explicitly provided, one can infer that Tricounty Rural Electric Cooperative Inc's mission is centered around delivering reliable and consistent electric power to its rural community members.
Official website here: www.tricountyelectriccoop.coop
Who is the CEO of Tricounty Rural Electric Cooperative Inc?
Brett Perkins is the General Mana of Tricounty Rural Electric Cooperative Inc.
Official website here: www.tricountyelectriccoop.coop
What is the revenue of Tricounty Rural Electric Cooperative Inc?
Tricounty Rural Electric Cooperative Inc's revenue in 2022 was $10,971,285.
Official website here: www.tricountyelectriccoop.coop
Who are the executives of Tricounty Rural Electric Cooperative Inc and what are their salaries?
The average compensation at Tricounty Rural Electric Cooperative Inc during 2022 was $65,702. There are 14 employees at Tricounty Rural Electric Cooperative Inc.
Here are 11 key members and their salaries:
- Compensation: $205,282
- Related: $0
- Other: $69,767
- Compensation: $126,480
- Related: $0
- Other: $51,878
- Compensation: $103,448
- Related: $0
- Other: $48,474
- Compensation: $3,950
- Related: $0
- Other: $0
- Compensation: $5,250
- Related: $0
- Other: $0
- Compensation: $4,125
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $3,250
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $4,550
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
Official website here: www.tricountyelectriccoop.coop
Where can I find the form 990 for Tricounty Rural Electric Cooperative Inc?
Tricounty Rural Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tricountyelectriccoop.coop
Learn more at the official website: www.tricountyelectriccoop.coop
Mission Statement of Tricounty Rural Electric Cooperative Inc
Tricounty Rural Electric Cooperative Inc serves as a dedicated entity, primarily focused on the provision of electricity to its members. In the role of a cooperative, it acts as a platform for distributing electric power to the rural areas of five counties in northwest Ohio. The cooperative plays a significant role in ensuring that its members have access to a reliable source of energy, as evidenced by its annual average of serving 4,434 consumers and selling over 72 million kilowatt hours of electricity in 2021. Furthermore, Tricounty Rural Electric Cooperative Inc is responsible for maintaining a network of 623 miles of distribution lines, ensuring the efficient and reliable delivery of electricity to its members. Overall, the mission of Tricounty Rural Electric Cooperative Inc is to provide essential electric power to rural communities in northwest Ohio, ensuring its members have access to reliable and sustainable energy sources.
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Impact
October, 2024
Tricounty Rural Electric Cooperative Inc significantly impacts the rural communities of northwest Ohio by providing reliable electric service to its members. With an average of 4,434 consumers in 2021, the cooperative facilitates the sale and distribution of electricity across five counties, ensuring that households and local businesses have the power necessary for daily operations and growth.
The cooperative's efforts in maintaining 623 miles of distribution lines enhance connectivity and energy access, promoting sustainability and stability in these rural areas. The total energy sale of 72,587,466 kilowatt hours highlights its essential role in meeting the energy needs of its members, fostering economic development, and improving the quality of life in the community. By serving as a vital energy provider, Tricounty Rural Electric Cooperative Inc continues to support the needs of its members while actively contributing to the overall public benefit in this region.
This information is meant to be a general summary of Tricounty Rural Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,150
- Program Service Revenue: $10,595,291
- Gross Receipts: $10,971,285
Assets and Liabilities:
- Total Assets: $22,269,466
- Total Liabilities: $5,496,965
- Net Assets: $16,772,501
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$10,443,859
OTHER ELECTRIC REVENUE
Revenue
$96,643
POLE RENTAL
Revenue
$54,789
Organization Details
Founding Year
1936
Phone
(419) 256-7900Principal Officer
Brett Perkins
Main Address
PO BOX 100, MALINTA, OH, 435350100
NTEE Category
Code: W80 - Public benefit
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