NonprofitsLighthouse Electric Cooperative Inc

Lighthouse Electric Cooperative Inc

FLOYDADA, TX

Total revenue

$39.4M

Total expenses

$39.4M

Net assets

$61.8M

Grants received

EIN

750273171

Tax year

2024

Mission

To provide electric energy to rural areas at cost on a cooperative basis.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$39.3M
Investment income$123K
Other revenue$21K
Total revenue$39.4M

Expenses

Grants paid$35K
Salaries & benefits$4.7M
Fundraising
Other expenses$32.5M
Total expenses$39.4M
Total assets$113.6M
Net assets$61.8M

People

17 listed

NameRoleCompensation

ALBERT DANIEL

GENERAL MANAGER/EXECUTIVE VP

Board

$185K

60 hrs/wk

BRIAN TEEPLE

DIRECTOR

Board

$22K

1.4 hrs/wk

WD THORNBERRY

SECRETARY/TREASURER

Board

$22K

3.6 hrs/wk

MARK HEGI

PRESIDENT

Board

$22K

3.9 hrs/wk

WESLEY CAMPBELL

DIRECTOR

Board

$22K

1.2 hrs/wk

RON GRAVES

VICE PRESIDENT

Board

$22K

1.5 hrs/wk

RONALD MULLIN

DIRECTOR

Board

$22K

1.7 hrs/wk

MATTHEW RAINWATER

DIRECTOR

Board

$22K

2.1 hrs/wk

CHASE YOUNG

DIRECTOR (MAY-DEC)

Board

$14K

1 hrs/wk

CLIFF TIPPETT

DIRECTOR (MAY-DEC)

Board

$14K

2.3 hrs/wk

PAUL SCHACT

DIRECTOR (JAN-APRIL)

Board

$7K

1.6 hrs/wk

DEAN YARBROUGH

DIRECTOR (JAN-APRIL)

Board

$7K

3.2 hrs/wk

HECTOR RODRIGUEZ

CONSTRUCTION FOREMAN

Staff

$135K

50 hrs/wk

DANNY NIXON

LINE SUPERINTENDENT

Staff

$131K

60 hrs/wk

CHAD BUIE

DIRECTOR OF ENGINEERING

Staff

$127K

50 hrs/wk

LARRY SMITH

WORKING FOREMAN

Staff

$124K

50 hrs/wk

TRACY SMITH

WAREHOUSE FOREMAN

Staff

$119K

40 hrs/wk

Independent contractors

HI RANGE ELECTRIC INC

ELECTRIC CONTRACTOR

$404K

BRANDON & CLARK INC

RECLOSURES REPAIRS

$163K

SGS ENGINEERING LLC

ENGINEERING SERVICES

$117K

POLE TECH SERVICES LLC

ELECTRIC INSPECTION CONTRACTOR

$109K

Details

EIN750273171
Subsection12
Ruling date1940-10
Formed1939
Employees50
Volunteers0
LIGHTHOUSE ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo