Tallapoosa River Electric Coop Inc

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

EIN: 630205975 ✦ Lafayette, AL ✦ Designated as a 501(c)(12)

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Overview

What is Tallapoosa River Electric Coop Inc?

Tallapoosa River Electric Coop Inc is a nonprofit organization based in LaFayette, Alabama. Their primary mission is to provide dependable electric service to their members at the lowest possible cost. They serve this mission through approximately 4,082 miles of distribution lines, delivering 582,730,200 kilowatt-hours of electric energy to their community. The cooperative employs a team of 79 individuals to ensure the efficient and reliable distribution of electricity.


Official website here: www.trec.coop

Is Tallapoosa River Electric Coop Inc legitimate?

Tallapoosa River Electric Coop Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tallapoosa River Electric Coop 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: $413,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $416,750

For more financial information, click here


Official website here: www.trec.coop

What is the mission statement of Tallapoosa River Electric Coop Inc?

Tallapoosa River Electric Coop Inc is dedicated to providing dependable electric service to its members at the lowest possible cost. Spanning approximately 4,082 miles of distribution lines, the cooperative supplied over 582 million kilowatt hours of electric energy in the preceding period. This commitment to delivering reliable power enables members to maintain their daily routines and sustain their communities. The cooperative's low-cost approach ensures affordability for its members, making electricity an essential part of their lives.


Official website here: www.trec.coop

Who is the CEO of Tallapoosa River Electric Coop Inc?

Lewis Ward is the General Mana of Tallapoosa River Electric Coop Inc.


Official website here: www.trec.coop

What is the revenue of Tallapoosa River Electric Coop Inc?

Tallapoosa River Electric Coop Inc's revenue in 2022 was $70,999,867.


Official website here: www.trec.coop

Who are the executives of Tallapoosa River Electric Coop Inc and what are their salaries?

The average compensation at Tallapoosa River Electric Coop Inc during 2022 was $10,507. There are 79 employees at Tallapoosa River Electric Coop Inc.


Here are 10 key members and their salaries:


Lewis Ward (General Mana)
  • Compensation: $265,440
  • Related: $0
  • Other: $147,009
Parker Goodman (Mgr Engineer)
  • Compensation: $162,291
  • Related: $0
  • Other: $106,058
Wanda Brushwood (Mgr Of Consu)
  • Compensation: $137,884
  • Related: $0
  • Other: $100,911
Kevin Hand (Member Servi)
  • Compensation: $116,575
  • Related: $0
  • Other: $61,511
Cb Parker Jr (President)
  • Compensation: $31,885
  • Related: $0
  • Other: $0
Jeff Dodgen (Trustee)
  • Compensation: $30,480
  • Related: $0
  • Other: $0
Bruce Boswell (Sec/Treas)
  • Compensation: $25,874
  • Related: $0
  • Other: $0
Ann Parkman (Trustee)
  • Compensation: $23,371
  • Related: $0
  • Other: $0
Phillip Bryant (Trustee)
  • Compensation: $19,894
  • Related: $0
  • Other: $0
John Adcock (Vice Preside)
  • Compensation: $16,374
  • Related: $0
  • Other: $0


Official website here: www.trec.coop

Where can I find the form 990 for Tallapoosa River Electric Coop Inc?

Tallapoosa River Electric Coop Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.trec.coop

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

Mission Statement of Tallapoosa River Electric Coop Inc

Tallapoosa River Electric Coop Inc, a dedicated electric cooperative, is committed to delivering reliable electric service at the most affordable price for its members. The organization's unwavering mission is to ensure that its members receive consistent electric power while keeping costs as low as possible.

Stretching across approximately 4,082 miles of distribution lines, Tallapoosa River Electric Coop Inc supplied an impressive 582,730,200 kilowatt-hours of electric energy to its members in the previous record. This significant achievement underscores the cooperative's dedication to ensuring its members have access to a consistent electric supply, enabling them to carry out their daily activities with minimal interruptions.

The cooperative's team of skilled professionals works tirelessly to maintain the electrical infrastructure and address any issues promptly. By keeping costs low, Tallapoosa River Electric Coop Inc enables its members to save on their energy bills and invest in other essential aspects of their lives. The cooperative's unwavering commitment to affordability and reliability has earned it the trust and loyalty of its members, making it an indispensable part of their communities.

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Impact




October, 2024

Tallapoosa River Electric Cooperative, based in Lafayette, Alabama, plays a crucial role in delivering reliable electric service to its members while maintaining affordability. With approximately 4,082 miles of distribution lines, the cooperative efficiently supplied an impressive 582,730,200 kilowatt-hours of electric energy. This extensive network ensures that communities have access to consistent electricity, which is vital for both residential and commercial needs. By focusing on providing dependable service at the lowest possible cost, the cooperative positively impacts economic stability and enhances the quality of life for its members. This commitment to public benefit fosters a strong sense of community and supports local development.




This information is meant to be a general summary of Tallapoosa River Electric Coop 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
$70,999,867 (2022)
Expenses
$70,347,362 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,139,604
  • Program Service Revenue: $69,721,381
  • Gross Receipts: $70,999,867

Assets and Liabilities:

  • Total Assets: $165,911,933
  • Total Liabilities: $31,681,234
  • Net Assets: $134,230,699

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Programs

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

RESIDENTIAL SALES

Revenue

$49,029,489

COMMERCIAL & INDUSTRIAL- LARG

Revenue

$13,185,427

COMMERCIAL & INDUSTRIAL- SMAL

Revenue

$5,873,587

POLE ATTACHMENTS

Revenue

$885,232

MISC SERV. REV. - NON TAXABLE

Revenue

$747,406

Organization Details

Founding Year

1939

Principal Officer

Lewis Ward

Main Address

P O BOX 675, LAFAYETTE, AL, 368620675

NTEE Category

Code: W80 - Public benefit

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