Harmon Electric Association Inc

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

EIN: 730274135 ✦ Hollis, OK ✦ Designated as a 501(c)(12)

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Overview

What is Harmon Electric Association Inc?

Harmon Electric Association Inc, based on the provided information, is a cooperative dedicated to delivering top-notch electric service to its members. The organization's mission lies in providing reliable and quality electric service, ensuring affordability, and fostering an environment of teamwork and integrity. The cooperative's employees prioritize customer service, ensuring the highest degree of reliability and professionalism in their endeavors. The core responsibility of Harmon Electric Association Inc is to serve its members with unwavering commitment and a focus on excellence.


Official website here: www.harmonelectric.com

Is Harmon Electric Association Inc legitimate?

Harmon Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Harmon Electric Association 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: $295,372
Professional Fundraising Fees: $0
Other Salaries and Wages: $958,087

For more financial information, click here


Official website here: www.harmonelectric.com

What is the mission statement of Harmon Electric Association Inc?

Harmon Electric Association Inc is committed to delivering top-notch electric service to its cooperative members. The organization places a strong emphasis on quality and reliability, ensuring that its customers receive consistent and efficient power supply. In addition, Harmon Electric Association Inc strives for affordability, keeping rates competitive for its members. The cooperative values teamwork among its employees and maintains a high level of integrity in all its endeavors. Its ultimate goal is to provide the best possible electric service experience to its cooperative members.


Official website here: www.harmonelectric.com

Who is the CEO of Harmon Electric Association Inc?

Aaron Paxton is the Asst. Secretary/Treasurer of Harmon Electric Association Inc.


Official website here: www.harmonelectric.com

What is the revenue of Harmon Electric Association Inc?

Harmon Electric Association Inc's revenue in 2022 was $12,240,511.


Official website here: www.harmonelectric.com

Who are the executives of Harmon Electric Association Inc and what are their salaries?

The average compensation at Harmon Electric Association Inc during 2022 was $48,210. There are 26 employees at Harmon Electric Association Inc.


Here are 12 key members and their salaries:


James Conley (Asst. Secretary/Treasurer)
  • Compensation: $6,050
  • Related: $0
  • Other: $0
James Reeves (Secretary/Treasurer)
  • Compensation: $5,950
  • Related: $0
  • Other: $0
Kathleen Faughn (Trustee (May-Dec))
  • Compensation: $4,100
  • Related: $0
  • Other: $0
Lee Sparkman (Vice President)
  • Compensation: $3,450
  • Related: $0
  • Other: $0
Jean Pence (Trustee)
  • Compensation: $3,250
  • Related: $0
  • Other: $0
Burk Bullington (President)
  • Compensation: $2,250
  • Related: $0
  • Other: $0
Braden Cunningham (Trustee)
  • Compensation: $1,350
  • Related: $0
  • Other: $0
Aaron Paxton (General Manager)
  • Compensation: $183,181
  • Related: $0
  • Other: $85,791
Tommy Caswell (Operations Supervisor)
  • Compensation: $120,944
  • Related: $0
  • Other: $97,228
Monty Worthen (Manager Of Operations)
  • Compensation: $123,154
  • Related: $0
  • Other: $85,382
Lisa A Richard (Manager Admin & Finance)
  • Compensation: $112,937
  • Related: $0
  • Other: $95,184
Alexander Velasquez (Construction Foreman)
  • Compensation: $111,624
  • Related: $0
  • Other: $68,004


Official website here: www.harmonelectric.com

Where can I find the form 990 for Harmon Electric Association Inc?

Harmon Electric Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.harmonelectric.com

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

Mission Statement of Harmon Electric Association Inc

Harmon Electric Association Inc, a cooperative dedicated to providing quality and reliable electric service, is committed to delivering excellent customer experiences. Their mission is twofold: first, to ensure top-notch Electric service reliability for their members, and second, to offer affordable rates that cater to various budgets.

The Harmon Electric Association Inc team prioritizes employee teamwork and integrity in all their endeavors. By fostering a collaborative work environment, they aim to provide innovative solutions and maintain a high level of professionalism. This commitment to their members and employees is reflected in their unwavering dedication to providing quality Electric service.

Established on the principles of providing excellent customer service, Harmon Electric Association Inc goes above and beyond to meet the needs of their members. Their focus on affordability, reliability, and integrity creates a cooperative culture where teamwork and the highest ethical standards are essential components of their mission. By delivering on these promises, Harmon Electric Association Inc continues to build trust and strong relationships with their members.

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Impact




October, 2024

Harmon Electric Association Inc plays a crucial role in the community by providing quality and reliable electric service to its members. The cooperative is dedicated to ensuring that its members have access to dependable electricity, which is vital for both daily living and economic development. By maintaining high standards of service reliability, they contribute to a consistent and stable power supply, essential for homes, businesses, and local institutions.

With a focus on excellent and innovative customer service, Harmon Electric Association ensures that members receive support tailored to their needs, fostering a culture of teamwork among employees to enhance service delivery. Their commitment to affordable rates enables members to manage their energy expenses effectively, contributing to financial stability within the community.

Furthermore, the association operates with the highest degree of integrity in all its endeavours, building trust with its members and reinforcing a sense of community. By prioritizing member satisfaction and operational excellence, Harmon Electric Association Inc has a significant positive impact on the local quality of life, ensuring that residents can rely on essential electric services while also nurturing a thriving community environment.




This information is meant to be a general summary of Harmon Electric Association 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
$12,240,511 (2022)
Expenses
$12,279,889 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $49,848
  • Program Service Revenue: $12,013,263
  • Gross Receipts: $12,259,989

Assets and Liabilities:

  • Total Assets: $39,915,847
  • Total Liabilities: $30,717,481
  • Net Assets: $9,198,366

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Programs

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

SALES OF ELECTRICITY

Revenue

$11,760,616

PATRONAGE DIVIDENDS

Revenue

$210,282

SERVICE FEES

Revenue

$38,866

POLE ATTACHMENT INCOM

Revenue

$3,499

Organization Details

Founding Year

1938

Principal Officer

Aaron Paxton

Main Address

114 N FIRST, HOLLIS, OK, 73550

NTEE Category

Code: W80 - Public benefit

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