Tri-County Electric Cooperativeinc

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

EIN: 750619960 ✦ Aledo, TX ✦ Designated as a 501(c)(12)

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Overview

What is Tri-County Electric Cooperativeinc?

Tri-County Electric Cooperativeinc, based in Aledo, Texas, is a nonprofit organization focused on providing electricity to its members. With 131,936 active services at the end of the year, they allocate patronage capital on a cooperative basis. Their mission is to deliver quality and reliable electric service to their cooperative members, and they prioritize excellent customer service reflected in top-notch electric service reliability, affordable rates, employee teamwork, and integrity in all their endeavors. They employ a total workforce of 328 individuals.


Official website here: www.tcectexas.com

What are the reviews and ratings of this charity?

Tri-County Electric Cooperative cannot currently be rated by Charity Navigator due to its status as a non-501(c)(3) organization. Charity Navigator's assessment requires specific beacons related to Accountability, Finance, and Impact for eligibility. The absence of a rating indicates that the cooperative simply has not been evaluated rather than suggesting either a positive or negative judgment.

Historically, Charity Navigator's evaluations focused on aspects reflected in today's Accountability and Finance scores. For organizations like Tri-County Electric Cooperative, which don’t meet the 501(c)(3) requirement, a comprehensive analysis in areas such as Leadership, Culture, and Impact is not provided. This underscores an inherent limitation in applying typical nonprofit evaluation metrics to cooperatives or other non-501(c)(3) entities.

No user reviews are available on GreatNonprofits, and thus, no additional community feedback is present to provide personal insights or anecdotal evidence about the cooperative's operations or impact. As a result, public perception through direct feedback remains unreflected in available evaluations.


This AI summary has been generated from information found on Charity Navigator.

Is Tri-County Electric Cooperativeinc legitimate?

Tri-County Electric Cooperativeinc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-County Electric Cooperativeinc 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: $4,130,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,160,386

For more financial information, click here


Official website here: www.tcectexas.com

What is the mission statement of Tri-County Electric Cooperativeinc?

Tri-County Electric Cooperativeinc is dedicated to delivering quality and reliable electric service to its cooperative members. The cooperative prioritizes excellent customer service, reflecting in top-notch electric service reliability, affordable rates, teamwork among employees, and maintaining the highest degree of integrity in all its endeavors. The organization provided electricity to 131,936 active services at the year-end, ensuring a cooperative basis and allocating patronage capital to its members.


Official website here: www.tcectexas.com

Who is the CEO of Tri-County Electric Cooperativeinc?

Melissa Watts is the Director of Tri-County Electric Cooperativeinc.


Official website here: www.tcectexas.com

What is the revenue of Tri-County Electric Cooperativeinc?

Tri-County Electric Cooperativeinc's revenue in 2022 was $435,689,159.


Official website here: www.tcectexas.com

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

The average compensation at Tri-County Electric Cooperativeinc during 2022 was $34,422. There are 328 employees at Tri-County Electric Cooperativeinc.


Here are 20 key members and their salaries:


Steve Harris (Director)
  • Compensation: $47,400
  • Related: $0
  • Other: $0
Kevin Ingle (Director)
  • Compensation: $40,200
  • Related: $0
  • Other: $0
John Killough (Vice Chairma)
  • Compensation: $40,200
  • Related: $0
  • Other: $0
Margaret Koprek (Sec/Treasure)
  • Compensation: $43,200
  • Related: $0
  • Other: $0
Larry Miller (Director)
  • Compensation: $38,000
  • Related: $0
  • Other: $0
Michael Sivertsen (Director)
  • Compensation: $43,200
  • Related: $0
  • Other: $0
Jerry Walden (Director)
  • Compensation: $50,400
  • Related: $0
  • Other: $0
Max Waddell (Chairman)
  • Compensation: $43,800
  • Related: $0
  • Other: $0
Jorden Wood (Director)
  • Compensation: $59,400
  • Related: $0
  • Other: $0
Sommer Portwood (Director)
  • Compensation: $8,800
  • Related: $0
  • Other: $0
Darryl Schriver (President/Ce)
  • Compensation: $984,884
  • Related: $0
  • Other: $575,301
Melissa Watts (Cfo/Vp Of Fi)
  • Compensation: $489,617
  • Related: $0
  • Other: $167,612
Nichole Eshbaugh (Cto/Vp Of It)
  • Compensation: $450,554
  • Related: $0
  • Other: $55,555
Wesley Scheets (Coo/Vp Of Op)
  • Compensation: $318,520
  • Related: $0
  • Other: $302,795
Janet Rehberg (Cso/Vp Engin)
  • Compensation: $314,194
  • Related: $0
  • Other: $56,520
Andrea Mccleese (Assist Vp Me)
  • Compensation: $179,662
  • Related: $0
  • Other: $74,632
Joel Pence (Line Superin)
  • Compensation: $189,422
  • Related: $0
  • Other: $110,694
Lauriano Maldonado (Assist Line)
  • Compensation: $191,887
  • Related: $0
  • Other: $74,118
Hershel Blevins (Project Coor)
  • Compensation: $150,065
  • Related: $0
  • Other: $122,130
Jimmy Villa (Project Coor)
  • Compensation: $173,117
  • Related: $0
  • Other: $118,601


Official website here: www.tcectexas.com

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

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


Official website here: www.tcectexas.com

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

Mission Statement of Tri-County Electric Cooperativeinc

Tri-County Electric Cooperativeinc, a leading electric service provider, is dedicated to delivering quality and dependable electricity to its cooperative members. The organization's mission reflects its commitment to excellent customer service, as demonstrated in its top-notch electric service reliability, affordable rates, and teamwork among employees. The cooperative takes pride in upholding the highest degree of integrity in all its endeavors.

Providing electricity to its members is the primary responsibility and aim of Tri-County Electric Cooperativeinc. Last year, the cooperative successfully supplied electricity to 131,936 active services on a cooperative basis, allocating patronage capital to each member. By adhering to its mission, Tri-County Electric Cooperativeinc has been able to build trust and confidence among its members, ensuring they receive the power they need to support their daily lives.

Tri-County Electric Cooperativeinc goes beyond just providing electricity; it strives to deliver an outstanding customer experience. Its top-quality electric service reliability is matched by its team of dedicated employees who work tirelessly to maintain and improve the power grid. Additionally, the cooperative offers affordable rates, ensuring that its members can access the essential electric service they need without undue financial burden. With an unwavering commitment to integrity, Tri-County Electric Cooperativeinc continues to provide innovative solutions and exceptional service to its cooperative members.

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Impact




October, 2024

Tri-County Electric Cooperative, headquartered in Aledo, TX, significantly impacts its community by providing quality and reliable electric service to its members. With 131,936 active services, the cooperative ensures that electricity is delivered effectively, fostering a strong sense of community and shared resource management.

The cooperative focuses on excellent and innovative customer service, reflecting its commitment to service reliability and affordable rates. This dedication is supported by a team of employees who prioritize teamwork and uphold a high degree of integrity in all operations. By allocating patronage capital back to the members, Tri-County Electric Cooperative strengthens its economic contribution to the local community, ultimately enhancing the quality of life for its members through consistent and trustworthy electric service.




This information is meant to be a general summary of Tri-County Electric Cooperativeinc. 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
$435,689,159 (2022)
Expenses
$435,340,285 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,299,894
  • Program Service Revenue: $433,599,893
  • Gross Receipts: $435,694,667

Assets and Liabilities:

  • Total Assets: $1,361,410,167
  • Total Liabilities: $939,007,695
  • Net Assets: $422,402,472

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Programs

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

ELECTRICITY SALES

Revenue

$428,733,242

PATRONAGE DIVIDENDS

Revenue

$2,826,320

SERVICE FEES

Revenue

$2,040,331

Organization Details

Founding Year

1939

Principal Officer

Melissa Watts

Main Address

200 BAILEY RANCH ROAD, ALEDO, TX, 76008

NTEE Category

Code: W80 - Public benefit

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