NonprofitsWood County Electric Cooperative

Wood County Electric Cooperative

QUITMAN, TX

Total revenue

$90.4M

Total expenses

$90.4M

Net assets

$115.9M

Grants received

EIN

750667075

Tax year

2024

Mission

Provided electric service to an average of 41,529 meters during the year on a cooperative basis at the lowest cost consistent with sound business principles.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$88.4M
Investment income$176K
Other revenue$1.9M
Total revenue$90.4M

Expenses

Grants paid
Salaries & benefits$2.0M
Fundraising
Other expenses$83.0M
Total expenses$90.4M
Total assets$236.9M
Net assets$115.9M

People

15 listed

NameRoleCompensation

Trey Teaff

General Manager/CEO

Board

$241K

44.17 hrs/wk

Summer Coleman

Director of Accounting

Board

$109K

41.02 hrs/wk

Brent Glenn

Secretary/Treasurer

Board

$35K

1.1 hrs/wk

Cathy Roberts

Director

Board

$34K

3.2 hrs/wk

Kim Galyean

Director

Board

$18K

3 hrs/wk

Freddie Ray Jones

Director

Board

$17K

1.3 hrs/wk

Kenneth Langley

President

Board

$15K

4.3 hrs/wk

Mark Sustaire

Vice President

Board

$15K

3.2 hrs/wk

Shane Mitchell

Director

Board

$12K

2.3 hrs/wk

CH Campbell

Chief Operating Officer

Staff

$168K

40 hrs/wk

Steve Gillean

Serviceman

Staff

$123K

49 hrs/wk

Nelson Reneau

Serviceman

Staff

$118K

50.08 hrs/wk

Diana Hall

Director of Human Resources

Staff

$116K

46.38 hrs/wk

Daniel Williams

Construction Foreman

Staff

$112K

48.6 hrs/wk

Benny McFarland

Serviceman

Staff

$111K

50.02 hrs/wk

Independent contractors

Northeast Texas Power Inc

Distribution Line Construction

$2.9M

REI Utility Services

Utility Pole Contacts & Upgrades

$1.9M

Texar Tree and Timber LLC

Right of Way Maintenance

$1.3M

Axis Power

Engineering Consultants

$1.0M

Harris Line Service Co

Right of Way Maintenance

$895K

Details

EIN750667075
Subsection12
Ruling date1942-12
Formed1938
Employees100
Volunteers0
WOOD COUNTY ELECTRIC COOPERATIVE — Mission, Financials & Grants Received | Grantivo