Tri-County Electric Cooperative Inc

Organization Overview

Tri-County Electric Cooperative Inc is located in Aledo, TX. The organization was established in 1941. 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, Tri-County Electric Cooperative Inc employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Electric Cooperative Inc 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, Tri-County Electric Cooperative Inc generated $308.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $313.5m during the year ending 12/2021. While expenses have increased by 3.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ELECTRICITY TO OUR MEMBERS - 126,258 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.


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Board, Officers & Key Employees

Name (title)Compensation
Darryl Schriver
President/ce
$884,848
Melissa Watts
CFO
$330,573
Nichole Eshbaugh
Cto
$305,439
Wesley Scheets
COO
$237,908
Janet Rehberg
VP Of Engine
$236,534
Jimmy Villa
Project Coor
$178,099

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Parish Utilities Llc
Construction
$6,029,785
Ward Electric Company Inc
Construction
$5,642,950
Hardin Tree Inc
Tree Trimming
$5,407,279
Turn Key Utility Construction Inc
Construction
$4,482,789
Volt Power Llc
Construction
$4,868,920
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,482,800
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$3,482,800
Total Program Service Revenue$303,036,583
Investment income $812,809
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $684,505
Net Gain/Loss on Asset Sales $115,441
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $3
Miscellaneous Revenue$0
Total Revenue $308,529,771

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