Tanner Electric Cooperative Inc

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

EIN: 910330490 ✦ North bend, WA ✦ Designated as a 501(c)(12)

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Overview

What is Tanner Electric Cooperative Inc?

Tanner Electric Cooperative Inc, based in North Bend, Washington, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. With a workforce of 22 employees, they allocate patronage capital to deliver quality and reliable electric service at cost. Their mission encompasses providing sustainable electric power and related services to the communities they serve, ensuring safety and reliability. At the end of the year, they catered to 5,223 active services.


Official website here: www.tannerelectric.coop

What are the reviews and ratings of this charity?

Tanner Electric Cooperative Inc is currently not rated by Charity Navigator. This is primarily because the organization does not qualify under the 501(c)(3) IRS registration, which is necessary for such an evaluation. The absence of a rating neither reflects positively nor negatively on the organization but indicates it has not been assessed using Charity Navigator's criteria.

The organization cannot be evaluated using Charity Navigator's methodologies for Accountability & Finance, Impact & Measurement, Leadership & Adaptability, or Culture & Community. These evaluations are reserved for 501(c)(3) entities, which are tax-exempt and eligible for tax-deductible contributions. Tanner Electric Cooperative operates independently but does not provide specific financial data or salary information publicly.

Without user reviews on GreatNonprofits, there is limited insight into public sentiment or user experiences regarding Tanner Electric Cooperative. This leaves an incomplete picture of the organization's operational impact and community engagement.


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

Is Tanner Electric Cooperative Inc legitimate?

Tanner Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tanner 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: $939,641
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,092,988

For more financial information, click here


Official website here: www.tannerelectric.coop

What is the mission statement of Tanner Electric Cooperative Inc?

Tanner Electric Cooperative Inc is dedicated to delivering reliable and safe electric power to the communities it serves. The cooperative's primary mission is to provide quality electric service on a cooperative basis. Through this approach, they allocate patronage capital to ensure the provision of electric energy at cost. The organization prioritizes sustainability alongside the reliable delivery of electricity. With approximately 5,223 active services at the end of the year, Tanner Electric Cooperative continues to prioritize the needs of its members, ensuring they have access to essential electric power.


Official website here: www.tannerelectric.coop

Who is the CEO of Tanner Electric Cooperative Inc?

Steve Walter is the President of Tanner Electric Cooperative Inc. The CEO's salary of Tanner Electric Cooperative Inc is $254,452 and their total compensation is $445,725.


Official website here: www.tannerelectric.coop

What is the revenue of Tanner Electric Cooperative Inc?

Tanner Electric Cooperative Inc's revenue in 2022 was $13,148,895.


Official website here: www.tannerelectric.coop

Who are the executives of Tanner Electric Cooperative Inc and what are their salaries?

The average compensation at Tanner Electric Cooperative Inc during 2022 was $92,392. There are 22 employees at Tanner Electric Cooperative Inc.


Here are 18 key members and their salaries (Tanner Electric Cooperative Inc's CEO's salary is $254,452 and their total compensation is $445,725):


Michael Hodge (President)
  • Compensation: $11,900
  • Related: $0
  • Other: $0
Carol Paschal (Treasurer)
  • Compensation: $5,450
  • Related: $0
  • Other: $0
John Saatela (Director)
  • Compensation: $4,925
  • Related: $0
  • Other: $0
Steve Nicholes (Director)
  • Compensation: $3,275
  • Related: $0
  • Other: $0
Roger Guay (Vice President)
  • Compensation: $4,175
  • Related: $0
  • Other: $0
Susan Serrette-Egan (Secretary)
  • Compensation: $4,100
  • Related: $0
  • Other: $0
David Mcgoldrick (Director)
  • Compensation: $2,350
  • Related: $0
  • Other: $0
Paul Bay Jan-July (Treasurer)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Dutch Siedentopf (Director)
  • Compensation: $2,400
  • Related: $0
  • Other: $0
Kristina Michael Aug-Dec (Director)
  • Compensation: $800
  • Related: $0
  • Other: $0
Steve Walter (Ceo)
  • Compensation: $254,452
  • Related: $0
  • Other: $191,273
Kevin Burns (Director Of Finance)
  • Compensation: $146,808
  • Related: $0
  • Other: $49,267
Nick Himebauch (Mgr Of Engineering & Operations)
  • Compensation: $165,607
  • Related: $0
  • Other: $87,759
Kye Refvem (Lineman)
  • Compensation: $184,325
  • Related: $0
  • Other: $32,767
Chad Lohrey (Lead Lineman)
  • Compensation: $173,657
  • Related: $0
  • Other: $31,436
Rory Walter (Lineman)
  • Compensation: $169,373
  • Related: $0
  • Other: $26,451
Blaine Barnard (Lineman)
  • Compensation: $169,158
  • Related: $0
  • Other: $30,129
Justin Isackson (Foreman)
  • Compensation: $163,445
  • Related: $0
  • Other: $59,470


Official website here: www.tannerelectric.coop

Where can I find the form 990 for Tanner Electric Cooperative Inc?

Tanner Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tannerelectric.coop

Learn more at the official website: www.tannerelectric.coop

Mission Statement of Tanner Electric Cooperative Inc

Tanner Electric Cooperative Inc, a dedicated cooperative, is committed to delivering reliable and high-quality electric services to its members at cost-effective prices. In line with its mission, the cooperative strives to provide sustainable electric power and related services to the communities it serves with pride.

The cooperative's primary objective is to allocate patronage capital to ensure that electric energy is delivered efficiently and effectively to its members. This cooperative business model allows Tanner Electric Cooperative Inc to maintain a strong connection with the communities it serves, fostering a sense of ownership and shared responsibility among its members.

At the heart of Tanner Electric Cooperative Inc's mission is the provision of dependable and safe electric power. The cooperative recognizes the essential role of electricity in modern life and is dedicated to ensuring that its members have uninterrupted access to this vital resource. With a strong focus on sustainability, the cooperative is constantly seeking ways to reduce its environmental impact and make its operations more eco-friendly. Ultimately, Tanner Electric Cooperative Inc's mission is to enhance the quality of life for its members by providing them with the reliable electric services they need to thrive.

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Impact




October, 2024

Tanner Electric Cooperative Inc plays a crucial role in delivering quality and reliable electric service to its members at cost. By focusing on cooperative principles, it ensures that the allocation of patronage capital benefits the community, resulting in a direct impact on the local economy. With over 5,223 active services, Tanner Electric Cooperative fosters a sense of community and commitment to sustainable energy practices. Its mission to provide reliable, safe, and sustainable electric power enhances the quality of life for the residents of North Bend, WA, and the surrounding areas, supporting not just individual households but also local businesses and institutions. This community-oriented approach contributes to a stronger, more resilient local infrastructure and promotes energy efficiency initiatives that align with environmental sustainability goals.




This information is meant to be a general summary of Tanner 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.

Revenue
$13,148,895 (2022)
Expenses
$12,188,094 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $61,972
  • Program Service Revenue: $12,938,861
  • Gross Receipts: $13,148,895

Assets and Liabilities:

  • Total Assets: $39,195,305
  • Total Liabilities: $24,749,542
  • Net Assets: $14,445,763

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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

$12,719,687

PATRONAGE DIVIDENDS

Revenue

$98,095

SERVICE FEES

Revenue

$76,883

OTHER PROGRAM REVENUE

Revenue

$44,196

Organization Details

Founding Year

1936

Principal Officer

Steve Walter

Main Address

45715 SE 140TH ST, NORTH BEND, WA, 98045

NTEE Category

Code: W80 - Public benefit

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