Tri-County Electric Cooperative Inc

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

EIN: 590485704 ✦ Madison, FL ✦ Designated as a 501(c)(12)

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Overview

What is Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc, based in Madison, Florida, is a nonprofit electric utility company dedicated to delivering quality, safe, and affordable electricity services to its cooperative members. Their mission lies in the collective power of their community, with a focus on ensuring reliable electricity access for all members. The cooperative offers the sale of electricity and is committed to maintaining a high standard of safety and affordability for its customers.


Official website here: www.tcec.com

What do the Facebook reviews say about Tri-County Electric Cooperative Inc?

90% of 76 reviewers on Facebook recommend Tri-County Electric Cooperative Inc. Here is a summary of their reviews:

Many users express gratitude for the prompt and effective service provided by the cooperative, especially during emergencies. One reviewer specifically mentioned their surprise and appreciation for having power restored quickly after evacuating due to a storm, highlighting the hard work of the team. Overall, the sentiment is positive, with customers feeling satisfied and supported by the efforts of the cooperative.

In general, the cooperative appears to deliver on its promises, with community members recognizing its commitment to reliable service. The consistent notes of appreciation signify a strong relationship between the organization and its customers, reinforcing the valuable role it plays in their lives.


This AI summary has been generated from reviews found on Facebook.

Is Tri-County Electric Cooperative Inc legitimate?

Tri-County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-County 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: $1,065,604
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.tcec.com

What is the mission statement of Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative is dedicated to delivering quality, safety, and affordability in electric services to its member base. Powered by the collective commitment of its members, the cooperative aims to ensure the provision of reliable and efficient electricity. Its mission is to maintain high standards in every aspect of electric service delivery, ensuring the wellbeing and satisfaction of its customers. The cooperative's commitment extends beyond just electricity sales, as it strives to foster a strong sense of community and cooperation among its members. By focusing on the needs of its members and delivering services with a member-centric approach, Tri-County Electric Cooperative sets itself apart as a reliable and trusted energy provider.


Official website here: www.tcec.com

Who is the CEO of Tri-County Electric Cooperative Inc?

Julius Hackett is the Trustee of Tri-County Electric Cooperative Inc. The CEO's salary of Tri-County Electric Cooperative Inc is $263,107 and their total compensation is $329,959.


Official website here: www.tcec.com

What is the revenue of Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc's revenue in 2022 was $53,542,460.


Official website here: www.tcec.com

Who are the executives of Tri-County Electric Cooperative Inc and what are their salaries?

The average compensation at Tri-County Electric Cooperative Inc during 2022 was $14,597. There are 73 employees at Tri-County Electric Cooperative Inc.


Here are 16 key members and their salaries (Tri-County Electric Cooperative Inc's CEO's salary is $263,107 and their total compensation is $329,959):


Benjamin D Bishop (Trustee)
  • Compensation: $3,200
  • Related: $0
  • Other: $0
Bobby Dodd (President)
  • Compensation: $5,000
  • Related: $0
  • Other: $0
Catherine Bethea (Trustee)
  • Compensation: $6,200
  • Related: $0
  • Other: $0
Donnie Waldrep (Vice President)
  • Compensation: $6,800
  • Related: $0
  • Other: $0
John Cruce (Trustee)
  • Compensation: $800
  • Related: $0
  • Other: $0
Ann Herring (Trustee)
  • Compensation: $5,800
  • Related: $0
  • Other: $0
George Webb (Secretary/Treasurer)
  • Compensation: $7,400
  • Related: $0
  • Other: $0
Johnny Edwards (Trustee)
  • Compensation: $2,800
  • Related: $0
  • Other: $0
Junior Smith (Trustee)
  • Compensation: $7,000
  • Related: $0
  • Other: $0
H Julius Hackett (Chief Executive Officer)
  • Compensation: $263,107
  • Related: $0
  • Other: $66,852
Jeff Brewer (Vp Engineering)
  • Compensation: $128,454
  • Related: $0
  • Other: $72,897
Wendell Williams (Vp Finance)
  • Compensation: $106,427
  • Related: $0
  • Other: $64,640
John Tuten (Vp Operations)
  • Compensation: $112,650
  • Related: $0
  • Other: $71,467
Eileen Herndon (Vp Corporate Svcs)
  • Compensation: $84,805
  • Related: $0
  • Other: $49,305
John Nash (Cooperative Foreman)
  • Compensation: $101,275
  • Related: $0
  • Other: $58,196
Michael S Henderson (District Crew Leader)
  • Compensation: $103,898
  • Related: $0
  • Other: $53,443


Official website here: www.tcec.com

Where can I find the form 990 for Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tcec.com

Learn more at the official website: www.tcec.com

Mission Statement of Tri-County Electric Cooperative Inc

Tri-County Electric Cooperative, a mission-driven electric provider, is committed to delivering quality, safety, and affordability in its electric services. The cooperative, which powers homes and businesses, operates on the principle of collective ownership by its members.

Tri-County Electric Cooperative's primary goal is to ensure that its members receive reliable and dependable electric services. By providing power that is safe and of high quality, the cooperative not only meets the basic needs of its members but also contributes to their overall well-being. Additionally, the cooperative's commitment to affordability ensures that its members have access to essential electric services without undue financial burden.

The cooperative's approach to providing electricity is unique, as it is owned and controlled by its members. The members' collective involvement in the cooperative's decision-making process allows for a more personalized and responsive service experience. This member-centric approach allows Tri-County Electric Cooperative to prioritize the needs and concerns of its members, fostering a strong sense of community and trust.

In summary, Tri-County Electric Cooperative is a mission-driven electric provider dedicated to delivering quality, safe, and affordable electric services to its members. By prioritizing the collective needs of its members, the cooperative creates a strong sense of community and trust, ultimately contributing to the well-being and prosperity of those it serves.

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Impact




October, 2024

Tri-County Electric Cooperative Inc significantly impacts the communities it serves in Madison, FL, by ensuring access to quality, safe, and affordable electricity. Its member-driven model fosters a strong sense of community and collaboration, empowering local residents through shared ownership and decision-making in their electricity services. By prioritizing affordable rates, Tri-County Electric promotes financial stability for its members, enabling them to allocate resources to other essential needs. Additionally, the cooperative's commitment to safety ensures that members benefit from reliable and secure electricity, which is crucial for day-to-day operations and overall quality of life. Overall, Tri-County Electric Cooperative enhances the well-being of its community by effectively meeting their energy needs while also emphasizing safety and customer satisfaction.




This information is meant to be a general summary of Tri-County 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
$53,542,460 (2022)
Expenses
$53,542,460 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $74,489
  • Program Service Revenue: $51,961,531
  • Gross Receipts: $53,582,458

Assets and Liabilities:

  • Total Assets: $118,418,057
  • Total Liabilities: $78,468,753
  • Net Assets: $39,949,304

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ELECTRICITY SALES

Revenue

$50,559,998

CAPITAL CREDITS

Revenue

$847,405

HOOK-UP & SERVICE CHG

Revenue

$383,079

POLE RENTAL

Revenue

$171,049

Organization Details

Founding Year

1941

Principal Officer

Julius Hackett

Main Address

2862 WEST US 90, MADISON, FL, 323410208

NTEE Category

Code: W80 - Public benefit

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