NonprofitsBandera Electric Cooperative Inc

Bandera Electric Cooperative Inc

BANDERA, TX

Total revenue

$114.4M

Total expenses

$114.3M

Net assets

$115.7M

Grants received

EIN

740498072

Tax year

2024

Mission

To provide electric, broadband internet and other related goods and services to our members.

Programs

2 programs

Fiber division:providing fiber optic broadband internet services to members on a patronage basis through the allocation of patronage capital. There were 13,617 broadband subscribers at year end.

Energy services division:providing solar energy and energy management solutions to members on a patronage basis through the allocation of patronage capital when cumulative net margins from these services exceeds cumulative losses. There were 870 subscribers at year end.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$113.7M
Investment income$93K
Other revenue$608K
Total revenue$114.4M

Expenses

Grants paid$102K
Salaries & benefits$14.7M
Fundraising
Other expenses$87.5M
Total expenses$114.3M
Total assets$357.7M
Net assets$115.7M

People

24 listed

NameRoleCompensation

WILLIAM HETHERINGTON

CHIEF EXECUTIVE OFFICER/GM

Board

$817K

50 hrs/wk

JOHN PADALINO

GENERAL COUNSEL/CHIEF ADMIN OFFICER

Board

$366K

60 hrs/wk

SHANE SCHMIDT

CHIEF OPERATIONS OFFICER

Board

$343K

52 hrs/wk

STEPHANIE PANKRATZ

CHIEF FINANCIAL OFFICER

Board

$225K

45 hrs/wk

CHRIS BLAKEMORE

DIRECTOR

Board

$36K

6.9 hrs/wk

ANNEGRETH NIEMANN

DIRECTOR

Board

$35K

12.5 hrs/wk

JEREMY DILLER

VICE CHAIRMAN

Board

$34K

6.8 hrs/wk

MICHAEL EDWARDS

CHAIRMAN

Board

$32K

4.8 hrs/wk

KURT SOLIS

SECRETARY/TREASURER

Board

$31K

5.5 hrs/wk

ROBERT AGUIRRE

DIRECTOR

Board

$31K

6 hrs/wk

FRANCES LAUE

DIRECTOR

Board

$30K

6.3 hrs/wk

JEFFERY SLOCUM

DIRECTOR

Board

$29K

6 hrs/wk

RICHARD EARNEST

DIRECTOR

Board

$28K

5.4 hrs/wk

JOHN RUSH

DIRECTOR OF ELECTRIC OPERATIONS

Staff

$219K

50 hrs/wk

THILO JANSSEN

DIRECTOR OF ENGINEERING

Staff

$194K

52 hrs/wk

ALLEN MARSHALL

DIRECTOR OF BROADBAND OPERATIONS

Staff

$179K

50 hrs/wk

JOHN HERNANDEZ

LINE FOREMAN

Staff

$164K

51 hrs/wk

MICHAEL SHULTS

NETWORK OPERATIONS MANAGER

Staff

$164K

46 hrs/wk

JOHNNY OLIBAS

DIRECTOR OF INFORMATION TECHNOLOGY

Staff

$161K

40 hrs/wk

MARK BUSBY

T&D OPERATIONS MANAGER

Staff

$155K

50 hrs/wk

WILLIAM DOWNUM

LINE FOREMAN

Staff

$153K

48 hrs/wk

GARRETT CLARK

LINE FOREMAN

Staff

$152K

49 hrs/wk

BILLY SIMPSON

MANAGER OF PRODUCTS & SERV

Staff

$149K

50 hrs/wk

JOSEPH SAUCE

INFORMATION TECHNOLOGY MANAGER

Staff

$144K

45 hrs/wk

Independent contractors

BURNS & MCDONNELL ENGINEERING CO INC

ENGINEERING SERVICES

$8.1M

DAS UNDERGROUND UTILITIES LLC

UNDERGROUND CONSTRUCTION

$3.2M

PANNELL CONTRACTING LLC

RIGHT OF WAY CLEARING

$1.8M

JAMES POWER LINE

POWER LINE CONSTRUCTION

$1.5M

HAUER BROTHERS AC & HEATING LLC

AIR CONDITIONER/HEATING

$1.3M

Details

EIN740498072
Subsection12
Ruling date1940-01
Formed1938
Employees168
Volunteers0
BANDERA ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo