Overview
What is Wood County Electric Cooperative?
Wood County Electric Cooperative is a nonprofit organization headquartered in Quitman, Texas. With a team of approximately 110 employees, their mission is to make electricity accessible to their members at the most affordable price, as outlined in their cooperative's by-laws. They provide electric service to nearly 40,000 meters, selling electricity cooperatively and at cost for the mutual benefit of the community. This business model allows the allocation of patronage capital to its members.
Official website here: www.wcec.org
Is Wood County Electric Cooperative legitimate?
Wood County Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Wood County Electric Cooperative 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: $1,983,253
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wcec.org
What is the mission statement of Wood County Electric Cooperative?
The Wood County Electric Cooperative is committed to providing electric service to its members at the most affordable price, consistent with sound business practices. In accordance with the cooperative's by-laws, their mission is to make energy accessible to their members at the most economical cost. Through a cooperative business model, the cooperative sells electricity to approximately 39,839 meters, allocating patronage capital for the mutual benefit of its members.
Official website here: www.wcec.org
Who is the CEO of Wood County Electric Cooperative?
Trey Teaff is the General Manager/Ceo of Wood County Electric Cooperative. The CEO's salary of Wood County Electric Cooperative is $198,401 and their total compensation is $428,683.
Official website here: www.wcec.org
What is the revenue of Wood County Electric Cooperative?
Wood County Electric Cooperative's revenue in 2022 was $104,258,547.
Official website here: www.wcec.org
Who are the executives of Wood County Electric Cooperative and what are their salaries?
The average compensation at Wood County Electric Cooperative during 2022 was $18,030. There are 110 employees at Wood County Electric Cooperative.
Here are 15 key members and their salaries (Wood County Electric Cooperative's CEO's salary is $198,401 and their total compensation is $428,683):
- Compensation: $198,401
- Related: $0
- Other: $230,282
- Compensation: $178,794
- Related: $0
- Other: $157,372
- Compensation: $105,650
- Related: $0
- Other: $108,644
- Compensation: $106,512
- Related: $0
- Other: $106,008
- Compensation: $104,530
- Related: $0
- Other: $92,528
- Compensation: $97,449
- Related: $0
- Other: $87,657
- Compensation: $109,351
- Related: $0
- Other: $59,212
- Compensation: $102,243
- Related: $0
- Other: $32,010
- Compensation: $29,581
- Related: $0
- Other: $0
- Compensation: $28,828
- Related: $0
- Other: $0
- Compensation: $16,598
- Related: $0
- Other: $0
- Compensation: $15,474
- Related: $0
- Other: $0
- Compensation: $13,132
- Related: $0
- Other: $0
- Compensation: $11,762
- Related: $0
- Other: $0
- Compensation: $6,943
- Related: $0
- Other: $0
Official website here: www.wcec.org
Where can I find the form 990 for Wood County Electric Cooperative?
Wood County Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wcec.org
Learn more at the official website: www.wcec.org
Mission Statement of Wood County Electric Cooperative
Wood County Electric Cooperative, a non-profit organization, is dedicated to making energy accessible to its members at the most affordable price, as outlined in its by-laws. In pursuit of this mission, the cooperative provides electric service to an average of 39,839 meters annually. By operating on a cooperative basis, the cooperative is able to allocate patronage capital, ensuring the collective benefit of its members. Wood County Electric Cooperative's primary objective is to deliver electricity to its members, while adhering to sound business principles and maintaining the lowest possible costs. The cooperative's commitment to its members is reflected in its sale of electricity at cost, with the ultimate goal of ensuring energy accessibility and affordability for all.
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Impact
October, 2024
Wood County Electric Cooperative significantly impacts the community by providing reliable electric service to an average of 39,839 meters annually. This cooperative model focuses on ensuring that energy is available to its members at the lowest possible cost while adhering to sound business principles. By prioritizing the mutual benefit of its members, the cooperative allocates patronage capital, which reinforces its commitment to serving the community. Located in Quitman, Texas, Wood County Electric Cooperative's mission is rooted in the goal of fostering access to affordable energy, thereby enhancing the quality of life for its members and contributing to the region's economic stability.
This information is meant to be a general summary of Wood County Electric Cooperative. 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: $103,752
- Program Service Revenue: $102,263,747
- Gross Receipts: $104,614,652
Assets and Liabilities:
- Total Assets: $225,832,514
- Total Liabilities: $118,191,147
- Net Assets: $107,641,367
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Energy Sales to Members
Revenue
$100,671,655
Capital Credtis from Others
Revenue
$1,592,092
Organization Details
Founding Year
1938
Phone
(903) 763-2203Principal Officer
Trey Teaff
Main Address
PO Box 1827, Quitman, TX, 75783
Website
www.wcec.orgNTEE Category
Code: W80 - Public benefit
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