NonprofitsHilco Electric Cooperative Inc

Hilco Electric Cooperative Inc

ITASCA, TX

Total revenue

$99.5M

Total expenses

$99.3M

Net assets

$95.0M

Grants received

EIN

740683625

Tax year

2024

Mission

To provide quality and reliable electric service to members of the cooperative.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$98.8M
Investment income$115K
Other revenue$606K
Total revenue$99.5M

Expenses

Grants paid$41K
Salaries & benefits$9.0M
Fundraising
Other expenses$87.8M
Total expenses$99.3M
Total assets$221.6M
Net assets$95.0M

People

16 listed

NameRoleCompensation

PAULA FARQUHAR

CHIEF FINANCIAL OFFICER

Board

$231K

40 hrs/wk

THOMAS CHEEK

GM/CHIEF EXECUTIVE OFFICER

Board

$226K

55 hrs/wk

LEA SANDERS

CHIEF HR OFFICER

Board

$218K

45 hrs/wk

DANIEL TAYLOR

CHIEF OPERATIONS OFFICER

Board

$209K

40 hrs/wk

RICHARD WHITE

DIRECTOR

Board

$37K

4 hrs/wk

RONALD ROBERTS

PRESIDENT

Board

$35K

4.5 hrs/wk

WILLIAM ALLEN

DIRECTOR

Board

$35K

7.1 hrs/wk

JANET SMITH

SECRETARY/TREASURER

Board

$31K

5.8 hrs/wk

JOSEPH TEDESCO

DIRECTOR

Board

$29K

6 hrs/wk

EDWARD HARRISON

DIRECTOR

Board

$29K

3.5 hrs/wk

MARGARET HILL

VICE PRESIDENT

Board

$28K

3.5 hrs/wk

TRAVIS SANDERS

OPERATIONS MANAGER

Staff

$164K

40 hrs/wk

CHARLES HENKELMAN

CONSTRUCTION FOREMAN

Staff

$157K

40 hrs/wk

MATTHEW FEHNEL

DIRECTOR OF IS/IT

Staff

$151K

40 hrs/wk

MICHAEL ZAMZOW

FIRST CLASS LINEMAN

Staff

$142K

51 hrs/wk

CLAYTON THOMPSON

LEAD CONSTRUCTION LINEMAN

Staff

$140K

46 hrs/wk

Independent contractors

TRINITY UTILITIES & BORING

UNDERGROUND CONSTRUCTION

$2.6M

AXIS POWER LLC

OVERHEAD CONSTRUCTION

$1.9M

TEXAR LINE CLEARANCE

RIGHT OF WAY CLEARING

$1.5M

HORTON TREE SERVICE

RIGHT OF WAY CLEARING

$1.1M

NISC

SOFTWARE/BILLING

$686K

Details

EIN740683625
Subsection12
Ruling date1937-12
Formed1936
Employees97
Volunteers0
HILCO ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo