Overview
What is Trinity Valley Electric Cooperative Inc?
Trinity Valley Electric Cooperative Inc, based in Kaufman, Texas, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. They allocate patronage capital and had 83,220 active services at the end of the year. Their mission is to deliver safe and reliable electric power at a competitive price. The cooperative aims to offer quality electric service to its members on cooperative terms. With a team of 204 employees, Trinity Valley Electric Cooperative Inc is committed to ensuring that its members receive their electric needs efficiently and effectively.
Official website here: www.tvec.net
Is Trinity Valley Electric Cooperative Inc legitimate?
Trinity Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Trinity Valley 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: $3,058,828
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,554,090
For more financial information, click here
Official website here: www.tvec.net
What is the mission statement of Trinity Valley Electric Cooperative Inc?
Trinity Valley Electric Cooperative Inc is dedicated to delivering safe and dependable electric power to its members at a competitive price. The cooperative's commitment goes beyond just providing electricity; it aims to offer this essential service on a cooperative basis. This includes the allocation of patronage capital to its members. With 83,220 active services at the end of the year, the cooperative served a substantial number of households and businesses. Its mission is focused on ensuring a steady electricity supply for the communities it serves.
Official website here: www.tvec.net
Who is the CEO of Trinity Valley Electric Cooperative Inc?
Jeffrey Lane is the CEO of Trinity Valley Electric Cooperative Inc The CEO's salary of Trinity Valley Electric Cooperative Inc is $347,402 and their total compensation is $524,514.
Official website here: www.tvec.net
What is the revenue of Trinity Valley Electric Cooperative Inc?
Trinity Valley Electric Cooperative Inc's revenue in 2023 was $201,369,793.
Official website here: www.tvec.net
Who are the executives of Trinity Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Trinity Valley Electric Cooperative Inc during 2023 was $58,665. There are 215 employees at Trinity Valley Electric Cooperative Inc.
Here are 22 key members and their salaries (Trinity Valley Electric Cooperative Inc's CEO's salary is $347,402 and their total compensation is $524,514):
- Compensation: $13,500
- Related: $0
- Other: $0
- Compensation: $11,850
- Related: $0
- Other: $0
- Compensation: $10,950
- Related: $0
- Other: $0
- Compensation: $10,950
- Related: $0
- Other: $0
- Compensation: $10,950
- Related: $0
- Other: $0
- Compensation: $29,282
- Related: $0
- Other: $0
- Compensation: $10,650
- Related: $0
- Other: $0
- Compensation: $347,402
- Related: $0
- Other: $177,112
- Compensation: $257,582
- Related: $0
- Other: $158,748
- Compensation: $177,656
- Related: $0
- Other: $46,421
- Compensation: $198,972
- Related: $0
- Other: $128,616
- Compensation: $166,716
- Related: $0
- Other: $113,645
- Compensation: $168,420
- Related: $0
- Other: $66,674
- Compensation: $166,329
- Related: $0
- Other: $93,124
- Compensation: $165,036
- Related: $0
- Other: $54,544
- Compensation: $164,122
- Related: $0
- Other: $74,686
- Compensation: $169,106
- Related: $0
- Other: $65,785
- Compensation: $178,743
- Related: $0
- Other: $50,772
- Compensation: $163,786
- Related: $0
- Other: $56,767
- Compensation: $162,687
- Related: $0
- Other: $40,574
- Compensation: $161,522
- Related: $0
- Other: $82,190
- Compensation: $160,900
- Related: $0
- Other: $57,590
Official website here: www.tvec.net
Where can I find the form 990 for Trinity Valley Electric Cooperative Inc?
Trinity Valley Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tvec.net
Learn more at the official website: www.tvec.net
Mission Statement of Trinity Valley Electric Cooperative Inc
Trinity Valley Electric Cooperative Inc, a dedicated electric service provider, is committed to delivering safe and reliable power to its members at a competitive price. The cooperative's primary objective is to allocate patronage capital to ensure the provision of quality electric energy on a cooperative basis. With 83,220 active services at year end, Trinity Valley Electric Cooperative Inc continues to prioritize the electrical needs of its members, offering them electric energy that they can trust.
Trinity Valley Electric Cooperative Inc stands apart from other power providers by focusing on the cooperative model. This means that the organization operates for the benefit of its members, with the ultimate goal of ensuring affordable and dependable electric service. The cooperative's commitment to quality extends beyond the power it delivers, as it strives to maintain a strong and efficient electrical infrastructure. This commitment to excellence allows Trinity Valley Electric Cooperative Inc to provide its members with the power they need to power their homes and businesses, contributing to their overall well-being and quality of life.
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Impact
October, 2024
Trinity Valley Electric Cooperative Inc has a significant impact on its community by providing quality and reliable electric service to its members at cost. With 83,220 active services, it plays a crucial role in ensuring that households and businesses in Kaufman, TX, have access to safe and dependable electricity. The cooperative operates on a model that allocates patronage capital, fostering a sense of community ownership and participation among its members. By prioritizing competitive pricing and commitment to service, Trinity Valley enhances the quality of life in the region while supporting local economic development through consistent and affordable energy access.
This information is meant to be a general summary of Trinity Valley 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 2023.
- Investment Income: $68,293
- Program Service Revenue: $199,721,070
- Gross Receipts: $201,383,696
Assets and Liabilities:
- Total Assets: $421,037,619
- Total Liabilities: $232,631,218
- Net Assets: $188,406,401
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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
$189,875,606
PATRONAGE DIVIDENDS
Revenue
$7,679,179
SERVICE FEES
Revenue
$1,323,116
TRANSMISSION WHEELING
Revenue
$843,169
Organization Details
Founding Year
1997
Principal Officer
Jeffrey L Lane
Website
www.tvec.netNTEE Category
Code: W80 - Public benefit
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