Overview
What is Southwest Texas Electric Cooperative Inc?
Southwest Texas Electric Cooperative Inc is a nonprofit organization based in Eldorado, Texas. With a team of 58 employees, they are dedicated to providing quality and reliable electric service to their cooperative members, ensuring electricity is available to them at the most affordable cost. At the end of the year, they catered to 9,912 active services. The cooperative's mission is to make electric energy accessible to its members at the lowest possible cost, maintaining sound economy and good management.
Official website here: www.swtec.com
What are the reviews and ratings of this charity?
Southwest Texas Electric Cooperative Inc is not currently rated by Charity Navigator. The organization is not a 501(c)(3) IRS registered nonprofit, which means it does not qualify for evaluation using Charity Navigator's Accountability & Finance or Impact & Measurement methodologies. As such, the absence of a rating does not imply any positive or negative assessment.
Because it isn’t assessed by standard nonprofit evaluation methodologies, there's a lack of detailed financial data like revenue, expenses, or key personnel salaries for Southwest Texas Electric Cooperative Inc. Additionally, methodologies concerning Leadership & Adaptability and Culture & Community are not applicable due to its organizational structure.
No user reviews are available on GreatNonprofits for Southwest Texas Electric Cooperative Inc, providing little direct insight into stakeholder perceptions or experiences with the organization. Consequently, the available information does not provide a comprehensive view of the cooperative's performance or community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Texas Electric Cooperative Inc legitimate?
Southwest Texas Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southwest Texas 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: $404,408
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,196,352
For more financial information, click here
Official website here: www.swtec.com
What is the mission statement of Southwest Texas Electric Cooperative Inc?
Southwest Texas Electric Cooperative Inc is committed to delivering quality and reliable electric service to its member base. The cooperative's primary goal is to make electric energy accessible to its members at the most affordable price, ensuring sound economic practices and good management. By operating on a cooperative basis, Southwest Texas Electric Cooperative allocates patronage capital to provide electric energy to its members. At the end of the year, there were 9,912 active services in the cooperative.
Official website here: www.swtec.com
Who is the CEO of Southwest Texas Electric Cooperative Inc?
William Whitten is the Secretary of Southwest Texas Electric Cooperative Inc.
Official website here: www.swtec.com
What is the revenue of Southwest Texas Electric Cooperative Inc?
Southwest Texas Electric Cooperative Inc's revenue in 2022 was $31,976,695.
Official website here: www.swtec.com
Who are the executives of Southwest Texas Electric Cooperative Inc and what are their salaries?
The average compensation at Southwest Texas Electric Cooperative Inc during 2022 was $44,841. There are 58 employees at Southwest Texas Electric Cooperative Inc.
Here are 9 key members and their salaries:
- Compensation: $32,420
- Related: $0
- Other: $0
- Compensation: $32,270
- Related: $0
- Other: $0
- Compensation: $25,943
- Related: $0
- Other: $0
- Compensation: $23,651
- Related: $0
- Other: $0
- Compensation: $13,030
- Related: $0
- Other: $0
- Compensation: $11,683
- Related: $0
- Other: $0
- Compensation: $6,515
- Related: $0
- Other: $0
- Compensation: $3,994
- Related: $0
- Other: $0
- Compensation: $222,587
- Related: $0
- Other: $32,315
Official website here: www.swtec.com
Where can I find the form 990 for Southwest Texas Electric Cooperative Inc?
Southwest Texas Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swtec.com
Learn more at the official website: www.swtec.com
Mission Statement of Southwest Texas Electric Cooperative Inc
Southwest Texas Electric Cooperative Inc, a cooperative entity, strives to make electric energy accessible to its members at an affordable cost. Adhering to sound economy and good management principles, the organization aspires to provide reliable and high-quality electric service to its cooperative members. With a membership base of 9,912 active services, Southwest Texas Electric Cooperative Inc is committed to delivering electricity cooperatively, through the allocation of patronage capital.
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Impact
October, 2024
Southwest Texas Electric Cooperative Inc significantly impacts its community by providing quality and reliable electric service to its members. With 9,912 active services, the cooperative ensures that electric energy is accessible through a member-driven approach, focusing on patronage capital allocation. This structure not only promotes affordability but also emphasizes responsible management, aligning with the cooperative's mission to deliver electricity at the lowest possible cost while maintaining sound economic practices. By prioritizing the needs of its members, the cooperative fosters a sense of community and supports local development in Eldorado, Texas, ultimately enhancing the quality of life for its residents.
This information is meant to be a general summary of Southwest Texas 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: $170,541
- Program Service Revenue: $31,730,695
- Gross Receipts: $32,205,316
Assets and Liabilities:
- Total Assets: $83,415,879
- Total Liabilities: $26,228,787
- Net Assets: $57,187,092
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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
$31,592,311
PATRONAGE DIVIDENDS
Revenue
$138,384
Organization Details
Founding Year
1941
Phone
(325) 853-2544Principal Officer
William Whitten
Main Address
PO BOX 677, ELDORADO, TX, 769360677
Website
www.swtec.comNTEE Category
Code: W80 - Public benefit
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