NonprofitsVictoria Electric Cooperative Inc

Victoria Electric Cooperative Inc

VICTORIA, TX

Total revenue

$72.5M

Total expenses

$72.6M

Net assets

$99.9M

Grants received

EIN

740964933

Tax year

2024

Mission

To provide electric & broadband internet goods & services to members on a cooperative basis.

Programs

1 program

Infinium 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 2,727 subscribers of the infinium division at year end.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$72.1M
Investment income$96K
Other revenue$318K
Total revenue$72.5M

Expenses

Grants paid$3K
Salaries & benefits$7.2M
Fundraising
Other expenses$59.3M
Total expenses$72.6M
Total assets$175.0M
Net assets$99.9M

People

16 listed

NameRoleCompensation

BLAINE WARZECHA

GENERAL MANAGER

Board

$273K

55 hrs/wk

JESSICA GRAY

CHIEF FINANCIAL OFFICER

Board

$158K

52 hrs/wk

BYRON HAUSMANN

VICE PRESIDENT

Board

$26K

4.4 hrs/wk

JAMES HAYES

DIRECTOR

Board

$24K

7.5 hrs/wk

TAMMIE BOYD

SECRETARY/TREASURER

Board

$24K

12.7 hrs/wk

RICHARD ADAMS

DIRECTOR

Board

$23K

2 hrs/wk

RAYMOND BRANDL JR

DIRECTOR

Board

$23K

3 hrs/wk

SAMUEL F RUSCHHAUPT III

PRESIDENT

Board

$19K

3.5 hrs/wk

JOHN BECK

ASSISTANT SECRETARY

Board

$18K

6 hrs/wk

MICHAEL MARAGGIA

DIRECTOR

Board

$17K

1.6 hrs/wk

PATRICK URESTI

ENGINEERING MANAGER

Staff

$160K

48 hrs/wk

LADDY BROWN

OPERATIONS SUPERINDENDENT

Staff

$140K

48 hrs/wk

DAVID NERADA

SERVICE LINE SUPERVISOR

Staff

$138K

48 hrs/wk

ADAM ESTRADA

INFORMATION TECH MANAGER

Staff

$125K

48 hrs/wk

JOHN RODARTE

CREW FOREMAN

Staff

$125K

50 hrs/wk

RICHARD VARELA

CREW FOREMAN

Staff

$124K

49 hrs/wk

Independent contractors

URBAN ELECTRICAL SERVICES

CONSTRUCTON CONTRACTOR

$1.4M

JC COMMUNICATIONS

FIBER CONTRACTOR

$1.2M

ABC PROFESSIONAL TREE SERVICE

TREE TRIMMING CONTRACTOR

$999K

ROADSIDE INC

HERBICIDE SPRAYING & MULCHING

$285K

M&S ENGINEERING

ENGINEERING CONSULTANT

$111K

Details

EIN740964933
Subsection12
Ruling date1939-06
Formed1938
Employees98
Volunteers0
VICTORIA ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo