NonprofitsMid-South Electric Cooperative Association

Mid-South Electric Cooperative Association

NAVASOTA, TX

Total revenue

$160.5M

Total expenses

$164.9M

Net assets

$153.7M

Grants received

EIN

740783753

Tax year

2024

Mission

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

Programs

1 program

Communications division:providing broadband internet services through the construction of a fiber optic network. When cumulative net margins derived from member sales of broadband internet services exceed cumulative net losses from such sales, the cooperative will allocate patronage capital to the members. There were 15,866 subscribers at year end.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$154.9M
Investment income$208K
Other revenue$5.4M
Total revenue$160.5M

Expenses

Grants paid
Salaries & benefits$11.8M
Fundraising
Other expenses$153.1M
Total expenses$164.9M
Total assets$611.8M
Net assets$153.7M

People

19 listed

NameRoleCompensation

KERRY KELTON

GENERAL MANAGER/CEO

Board

$614K

60 hrs/wk

ANDREW DALLMEYER

SR. VICE PRESIDENT

Board

$396K

50 hrs/wk

MICHAEL MCDOUGALD

SR. VICE PRESIDENT

Board

$380K

50 hrs/wk

TROY MORRIS

SR. VICE PRESIDENT

Board

$374K

55 hrs/wk

RUSSELL SMITH

SR. VICE PRESIDENT

Board

$320K

50 hrs/wk

MARSHALL SHIRLEY

PRESIDENT

Board

$33K

9.9 hrs/wk

STEVE DRIVER

DIRECTOR

Board

$30K

9.2 hrs/wk

DENNIS MCWHORTER

DIRECTOR

Board

$24K

6.5 hrs/wk

RUSSELL WATSON

DIRECTOR

Board

$21K

5.8 hrs/wk

JAMES MORRISON

VICE PRESIDENT

Board

$18K

5.4 hrs/wk

AIMEE PAVELOCK

DIRECTOR (MAY-DEC)

Board

$15K

4.7 hrs/wk

PAUL MALEK

DIRECTOR

Board

$15K

4.1 hrs/wk

KENNETH MCDOUGALD

SECRETARY/TREASURER

Board

$12K

2.7 hrs/wk

ROBERT PIERCE

DIRECTOR (JAN-FEB)

Board

$800

1 hrs/wk

DAVID WILLIAMS

VP - OPERATIONS

Staff

$263K

45 hrs/wk

BRANDON NORTHCUT

VP - TECHNOLOGY

Staff

$258K

50 hrs/wk

CATHY BARKER

VP - HR & SAFETY

Staff

$203K

55 hrs/wk

MELANIE CABALLERO

VP - COMPLIANCE

Staff

$200K

60 hrs/wk

JUSTIN STAPELTON

VP - GOVERNMENT RELATIONS

Staff

$191K

40 hrs/wk

Independent contractors

LINETEC SERVICES LLC

OVERHEAD LINE CONTRACTOR

$6.0M

BURLIN POWER LINES LLC

OVERHEAD LINE CONTRACTOR

$3.7M

CM JOSLIN COMPANY LLC

RIGHT OF WAY

$2.8M

FINWAY

OVERHEAD AND FIBER LINE CONTRACTOR

$1.7M

MCCORD ENGINEERING

ENGINEERING SERVICES

$1.6M

Details

EIN740783753
Subsection12
Ruling date1944-01
Formed1940
Employees245
Volunteers0
MID-SOUTH ELECTRIC COOPERATIVE ASSOCIATION — Mission, Financials & Grants Received | Grantivo