Overview
What is Tri-County Electric Cooperative Inc?
Tri-County Electric Cooperative Inc is a nonprofit organization based in the town of Hooker, Oklahoma. With a team of 104 employees, they are dedicated to providing quality and reliable electric service to their cooperative members. At the end of the year, they served 22,838 active accounts, offering electricity on a cooperative basis through the allocation of patronage capital. Their mission is to enhance the quality of life for all member-owners by supplying them with safe and affordable electrical service.
Official website here: www.tri-countyelectric.coop
What are the reviews and ratings of this charity?
Tri-County Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of rating is due to its status as an organization that is not registered as a 501(c)(3) nonprofit with the IRS. Charity Navigator evaluates only those organizations with this status, hence, Tri-County cannot be assessed using their standard methodologies that include Accountability & Finance, Leadership & Adaptability, Culture & Community, or Impact & Measurement.
Although lacking a Charity Navigator rating does not imply a positive or negative assessment, it does limit publicly available insight into the organization's financial and operational effectiveness. Without IRS 501(c)(3) registration, detailed data such as revenue, expenses, and executive salaries are not evaluated or released by Charity Navigator.
No user reviews for Tri-County Electric Cooperative Inc are available on GreatNonprofits, which limits further understanding of public perception and community impact. The absence of reviews or evaluations suggests a gap in accessible quality indicators for stakeholders seeking to understand or engage with the organization.
This AI summary has been generated from information found on Charity Navigator.
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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,623,544
For more financial information, click here
Official website here: www.tri-countyelectric.coop
What is the mission statement of Tri-County Electric Cooperative Inc?
Tri-County Electric Cooperative Inc is committed to delivering quality and reliable electric service to its member-owners. The cooperative's mission is to ensure the provision of safe and dependable electrical energy at the most practical prices. The members, who own and control the cooperative, take pride in enhancing the quality of life for all members. The cooperative provided electricity to 22,838 active services through a cooperative basis, utilizing patronage capital allocation.
Official website here: www.tri-countyelectric.coop
Who is the CEO of Tri-County Electric Cooperative Inc?
Zachary Perkins is the Trustee of Tri-County Electric Cooperative Inc. The CEO's salary of Tri-County Electric Cooperative Inc is $306,388 and their total compensation is $387,775.
Official website here: www.tri-countyelectric.coop
What is the revenue of Tri-County Electric Cooperative Inc?
Tri-County Electric Cooperative Inc's revenue in 2022 was $111,738,263.
Official website here: www.tri-countyelectric.coop
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 $63,688. There are 104 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 $306,388 and their total compensation is $387,775):
- Compensation: $29,034
- Related: $0
- Other: $0
- Compensation: $29,282
- Related: $0
- Other: $0
- Compensation: $29,032
- Related: $0
- Other: $0
- Compensation: $29,032
- Related: $0
- Other: $0
- Compensation: $31,532
- Related: $0
- Other: $0
- Compensation: $34,896
- Related: $0
- Other: $0
- Compensation: $29,282
- Related: $0
- Other: $0
- Compensation: $29,282
- Related: $0
- Other: $0
- Compensation: $29,932
- Related: $0
- Other: $0
- Compensation: $306,388
- Related: $0
- Other: $81,387
- Compensation: $201,128
- Related: $0
- Other: $37,426
- Compensation: $200,965
- Related: $0
- Other: $41,515
- Compensation: $201,863
- Related: $0
- Other: $48,350
- Compensation: $208,161
- Related: $0
- Other: $104,026
- Compensation: $159,936
- Related: $0
- Other: $86,385
- Compensation: $190,578
- Related: $0
- Other: $51,085
Official website here: www.tri-countyelectric.coop
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.tri-countyelectric.coop
Learn more at the official website: www.tri-countyelectric.coop
Mission Statement of Tri-County Electric Cooperative Inc
Tri-County Electric Cooperative Inc, a member-owned organization, is committed to providing quality and reliable electric service to its cooperative members. With a dedication to ensuring the safety and dependability of electrical service, the cooperative strives to deliver electricity to its members at the most practical and affordable price. The cooperative takes pride in its member-controlled structure, with the belief that those they serve are essential to their success and mission. Tri-County Electric Cooperative Inc aims to enhance the quality of life for all its member-owners by delivering the essential energy they need to power their homes and businesses. During the previous year, the cooperative was able to provide 22,838 active services to its members, offering them electricity through the cooperative's patronage capital allocation.
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Impact
October, 2024
Tri-County Electric Cooperative Inc plays a crucial role in ensuring the availability of quality and reliable electric service to its members. With 22,838 active services, the cooperative operates on a member-owned model, which emphasizes community engagement and collective benefit.
By providing electricity on a cooperative basis, Tri-County Electric not only meets the energy needs of its members but also fosters a sense of ownership and accountability in the delivery of services. The cooperative is dedicated to offering safe and dependable electrical service at the lowest practicable prices, thereby enhancing the quality of life for all its member-owners. This commitment to reliability ensures that families and businesses in and around Hooker, Oklahoma, have access to essential energy resources, which ultimately supports local economic growth and community stability.
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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $354,247
- Program Service Revenue: $111,281,597
- Gross Receipts: $111,871,497
Assets and Liabilities:
- Total Assets: $350,241,237
- Total Liabilities: $250,702,494
- Net Assets: $99,538,743
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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
$108,410,441
CAPITAL CREDITS
Revenue
$2,871,156
Organization Details
Founding Year
1945
Phone
(580) 652-2418Principal Officer
Zachary Perkins
Main Address
PO BOX 880, HOOKER, OK, 739450880
Website
www.tri-countyelectric.coopIf you are a representative of Tri-County Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.