Twin Valley Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 480506619 ✦ Altamont, KS ✦ Designated as a 501(c)(12)

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Overview

What is Twin Valley Electric Cooperative Inc?

Twin Valley Electric Cooperative Inc, based in Altamont, Kansas, serves as an electric distribution cooperative, catering to approximately 1,960 members in southeast Kansas. With a dedicated workforce of 14 individuals, the cooperative's primary mission is to provide safe and reliable energy services, ultimately aiming to enhance the quality of life for its member-owners. The cooperative offers its services to approximately 2,900 connections, ensuring a steady energy supply to the community it serves.


Official website here: www.twinvalleyelectric.coop

Is Twin Valley Electric Cooperative Inc legitimate?

Twin Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Twin Valley 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: $376,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $152,646

For more financial information, click here


Official website here: www.twinvalleyelectric.coop

What is the mission statement of Twin Valley Electric Cooperative Inc?

Twin Valley Electric Cooperative Inc's mission is centered around providing safe and reliable energy services to its member-owners. This mission extends beyond just energy provision, as it also aims to enhance the quality of life for these members. The cooperative strives to serve approximately 1,960 members located in southeast Kansas, ensuring a consistent and secure energy supply for their daily needs.


Official website here: www.twinvalleyelectric.coop

Who is the CEO of Twin Valley Electric Cooperative Inc?

Angela Erickson is the Ceo of Twin Valley Electric Cooperative Inc. The CEO's salary of Twin Valley Electric Cooperative Inc is $147,843 and their total compensation is $205,622.


Official website here: www.twinvalleyelectric.coop

What is the revenue of Twin Valley Electric Cooperative Inc?

Twin Valley Electric Cooperative Inc's revenue in 2022 was $7,043,538.


Official website here: www.twinvalleyelectric.coop

Who are the executives of Twin Valley Electric Cooperative Inc and what are their salaries?

The average compensation at Twin Valley Electric Cooperative Inc during 2022 was $37,816. There are 14 employees at Twin Valley Electric Cooperative Inc.


Here are 12 key members and their salaries (Twin Valley Electric Cooperative Inc's CEO's salary is $147,843 and their total compensation is $205,622):


Angela Erickson (Ceo)
  • Compensation: $147,843
  • Related: $0
  • Other: $57,779
Rebecca Hanigan (Cfo)
  • Compensation: $112,160
  • Related: $0
  • Other: $47,907
Adam Myers (Line Superin)
  • Compensation: $107,334
  • Related: $0
  • Other: $45,312
Jared Nash (Director)
  • Compensation: $1,760
  • Related: $0
  • Other: $0
Diane Mccartney (Director)
  • Compensation: $1,710
  • Related: $0
  • Other: $0
Bryan Hucke (Secretary)
  • Compensation: $1,560
  • Related: $0
  • Other: $0
Dareld Nelson (Treasurer)
  • Compensation: $1,310
  • Related: $0
  • Other: $0
Bryan Coover (Board Presid)
  • Compensation: $1,110
  • Related: $0
  • Other: $0
Larry D Hubbell (Board Vice P)
  • Compensation: $1,010
  • Related: $0
  • Other: $0
Jason Zwahlen (Director)
  • Compensation: $1,010
  • Related: $0
  • Other: $0
Rodney Baker (Director)
  • Compensation: $810
  • Related: $0
  • Other: $0
Tom Ellison (Director)
  • Compensation: $806
  • Related: $0
  • Other: $0


Official website here: www.twinvalleyelectric.coop

Where can I find the form 990 for Twin Valley Electric Cooperative Inc?

Twin Valley Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.twinvalleyelectric.coop

Learn more at the official website: www.twinvalleyelectric.coop

Mission Statement of Twin Valley Electric Cooperative Inc

Twin Valley Electric Cooperative Inc, as a mission-driven organization, is committed to providing its member-owners with safe and reliable energy services. Beyond just supplying power, the cooperative aims to enhance the overall quality of life for its members. This mission is executed through a dedicated approach to energy service delivery, ensuring consistency and safety in power distribution. By adhering to these principles, Twin Valley Electric Cooperative Inc demonstrates its commitment to its members and their well-being.

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Impact




October, 2024

Twin Valley Electric Cooperative Inc significantly impacts its community by providing safe and reliable energy services to approximately 1,960 members in Southeast Kansas. With around 2,900 services, the cooperative plays a vital role in enhancing the quality of life for its member-owners. By ensuring access to dependable electricity, Twin Valley not only supports household needs but also fosters economic growth and development in the region. Its commitment to public benefit reinforces the cooperative’s mission, making it a cornerstone of the Altamont community and surrounding areas.




This information is meant to be a general summary of Twin Valley 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.

Revenue
$7,043,538 (2022)
Expenses
$7,043,538 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,775
  • Program Service Revenue: $7,021,943
  • Gross Receipts: $7,043,796

Assets and Liabilities:

  • Total Assets: $32,197,669
  • Total Liabilities: $23,218,642
  • Net Assets: $8,979,027

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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

$6,911,722

MISCELLANEOUS ELECTRIC

Revenue

$64,561

CAPITAL CREDITS

Revenue

$45,660

Organization Details

Founding Year

1946

Principal Officer

Angela Erickson

Main Address

PO BOX 368, ALTAMONT, KS, 673300368

NTEE Category

Code: W80 - Public benefit

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