NonprofitsTaylor Electric Cooperative Inc

Taylor Electric Cooperative Inc

MERKEL, TX

Total revenue

$70.7M

Total expenses

$72.8M

Net assets

$92.6M

Grants received

EIN

750597925

Tax year

2024

Mission

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

Programs

1 program

Fiber internet division:a separate division of the cooperative was created to provide fiber internet service to its members through the construction of a fiber optic network. Fiber internet services are provided to members on a patronage basis through the allocation of patronage capital to the extent of margins for such division. There were 4,582 active services at year end.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$69.7M
Investment income$282K
Other revenue$698K
Total revenue$70.7M

Expenses

Grants paid$30K
Salaries & benefits$9.0M
Fundraising
Other expenses$54.5M
Total expenses$72.8M
Total assets$234.3M
Net assets$92.6M

People

17 listed

NameRoleCompensation

RYAN BARTLETT

PRESIDENT/CHIEF EXECUTIVE OFFICER

Board

$345K

53 hrs/wk

NANCY BRISCO

CHIEF FINANCIAL OFFICER

Board

$228K

50 hrs/wk

RICHARD PETREE

DIRECTOR

Board

$30K

5 hrs/wk

CECIL DAVIS

CHAIRMAN

Board

$22K

2 hrs/wk

GARLAND CARTER

DIRECTOR

Board

$22K

4 hrs/wk

DAVID MCFALL

SECRETARY/TREASURER

Board

$22K

5 hrs/wk

KATHRYN RAINEY

VICE CHAIRMAN

Board

$22K

5 hrs/wk

GAYLA SIMMONS

DIRECTOR

Board

$22K

4 hrs/wk

CRAIG BESSENT

DIRECTOR (FEB-DEC)

Board

$18K

2 hrs/wk

LELAND ROBINSON

DIRECTOR (JAN)

Board

$2K

0

WADE HATCH

VP OF ENGINEERING

Staff

$172K

45 hrs/wk

DAVID THOMAS

DIRECTOR OF ELECTRIC OPERATIONS

Staff

$158K

44 hrs/wk

JOSHUA FOSS

WORKING FOREMAN

Staff

$128K

48.7 hrs/wk

JOHN HASPEL

CONST & ENERGY SERVICES MGR

Staff

$127K

40.4 hrs/wk

JASON CANTU

WORKING FOREMAN

Staff

$127K

50.4 hrs/wk

LINDA HUNT

SR FINANCE PLANNING & ANALYSIS MGR

Staff

$126K

41.3 hrs/wk

DENISE BERNHARDT

MBR SERVICES/COMMUNICATION MGR

Staff

$124K

40.3 hrs/wk

Independent contractors

PRIMARY UTILITY SERVICES LLC

CONSTRUCTION CONTRACTORS

$4.5M

M&W POWER GROUP LLC

CONSTRUCTION - TREE TRIMMING CONTRACTORS

$1.7M

LONESTATE FIBER CONSTRUCTION LLC

FIBER CONSTRUCTION CONTRACTORS

$1.1M

NORTHEAST SERVICE INC HORTON TREE SERVI

TREE TRIMMING CONTRACTORS

$569K

FLINT CONSTRUCTION LLC

CONSTRUCTION CONTRACTORS

$548K

Details

EIN750597925
Subsection12
Ruling date1943-03
Formed1939
Employees96
Volunteers0
TAYLOR ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo