Cherokee County Electric Co-Op Association
- Assets
- $121.0m
- Revenue
- $49.5m
- Investments
- $0.0
- Employees
- 88
- Location
- Rusk, TX
- Founding
- 03/1940
- Data as of
- 12/2021
- EIN
- 75-0184514
Organization Overview
Cherokee County Electric Co-Op Association is located in Rusk, TX. The organization was established in 1940. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Cherokee County Electric Co-Op Association employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherokee County Electric Co-Op Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Cherokee County Electric Co-Op Association generated $49.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $50.5m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF ELECTRIC POWER TO APPROXIMATELY 16,598 MEMBERS IN 4 COUNTIES. MEMBERS WERE PROVIDED POWER, ON A COOPERATIVE BASIS, THROUGH APPROXIMATELY 22,113 CONNECTED METERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Jones General Manager | Officer | 42.5 | $198,757 |
Bart Bauer Dir Of Engineering | 45 | $132,558 | |
Dale Cavazos Line Supt | 42.5 | $128,298 | |
Jim Lindsey District Manager | 41.25 | $121,126 | |
Kenneth Hicks Acct. Manager | Officer | 42.5 | $112,147 |
Joseph Young Engineer | 50.75 | $111,026 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiberrise Communications Llc Fiber Design & Proj Mngmt | 12/30/21 | $2,877,992 |
Arbor Resources Right Of Way Clearing | 12/30/21 | $2,177,194 |
Rei Utility Servicesllc Engineering Consultants | 12/30/21 | $1,869,518 |
East Texas Utility Service Inc Elec Distrib & Tran Const | 12/30/21 | $1,413,396 |
Northeast Texas Power Ltd Elec Distrib & Tran Const | 12/30/21 | $1,251,314 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $49,202,150 |
| Investment income | $26,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,487,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,339,820 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $950,427 |
| Pension plan accruals and contributions | $148,673 |
| Other employee benefits | $316,806 |
| Payroll taxes | $72,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $458,266 |
| Advertising and promotion | $8,953 |
| Office expenses | $494,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $227,111 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,470 |
| Interest | $1,641,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,398,404 |
| Insurance | $24,763 |
| All other expenses | $281,438 |
| Total functional expenses | $50,547,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,660,687 |
| Savings and temporary cash investments | $419,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,246,662 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,853,951 |
| Prepaid expenses and deferred charges | $6,880,222 |
| Net Land, buildings, and equipment | $82,564,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,360,735 |
| Intangible assets | $0 |
| Other assets | $6,683 |
| Total assets | $120,992,858 |
| Accounts payable and accrued expenses | $6,017,823 |
| Grants payable | $0 |
| Deferred revenue | $697,642 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $62,749,188 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,181,992 |
| Total liabilities | $70,646,645 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $419,682 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $49,926,531 |
| Total liabilities and net assets/fund balances | $120,992,858 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Beauregard Electric Cooperative Inc Deridder, LA | $317,710,520 | $130,661,746 |
Mid-South Electric Cooperative Association Navasota, TX | $452,923,341 | $112,304,236 |
Karnes Electric Cooperative Inc Karnes City, TX | $202,970,400 | $101,891,775 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Upshur-Rural Electric Cooperative Corporation Gilmer, TX | $245,628,727 | $98,243,041 |
San Bernard Electric Cooperative Incorporated Bellville, TX | $290,497,219 | $97,543,303 |
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
Washington-St Tammany Electric Cooperative Inc 1570 Franklinton, LA | $266,667,290 | $97,380,073 |
Bandera Electric Cooperative Inc Bandera, TX | $290,540,608 | $89,188,257 |
Nueces Electric Cooperative Inc Robstown, TX | $212,095,793 | $88,707,765 |
Wood County Electric Cooperative Quitman, TX | $215,165,812 | $87,928,096 |