Big Country Electric Cooperative Inc
- Assets
- $104.3m
- Revenue
- $39.5m
- Investments
- $0.0
- Employees
- 62
- Location
- Roby, TX
- Founding
- 06/1999
- Data as of
- 12/2021
- EIN
- 75-2791424
Organization Overview
Big Country Electric Cooperative Inc is located in Roby, TX. The organization was established in 1999. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2021, Big Country Electric Cooperative Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Country 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, Big Country Electric Cooperative Inc generated $39.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $39.5m during the year ending 12/2021. While expenses have increased by 4.5% 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 QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 13,272 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Gandy VP Engineering | Officer | 41 | $235,749 |
David M Mcclain Ceo/general Manager | Officer | 41 | $226,336 |
Linda Key VP Office Services | Officer | 46 | $167,660 |
Paul Jones VP Operations | Officer | 44 | $158,205 |
Roy Hinkle District Operations Supervisor | 50 | $155,197 | |
Naomi L Baucom VP Finance & Accounting | Officer | 46 | $145,019 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reynolds Utility Svc Ltd Vehicle Maintenance | 12/30/21 | $204,529 |
Brandon & Clark Inc Transformer Maintenance | 12/30/21 | $129,179 |
Uniqu3 Solutions Remodel Offices | 12/30/21 | $122,010 |
Sgs Engineering Inc System Engineering | 12/30/21 | $144,431 |
Primary Utilities Distribution Work & Vehicle Maintenance | 12/30/21 | $2,195,986 |
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 | $37,913,152 |
| Investment income | $67,483 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $650 |
| Net Gain/Loss on Asset Sales | $41,468 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$85,013 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,520,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,374 |
| Grants and other assistance to domestic individuals. | $29,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,665,654 |
| Compensation of current officers, directors, key employees. | $1,625,050 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,121,530 |
| Pension plan accruals and contributions | $555,958 |
| Other employee benefits | $686,074 |
| Payroll taxes | $303,079 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,546,990 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,473,914 |
| Insurance | $0 |
| All other expenses | $393,929 |
| Total functional expenses | $39,520,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,137,443 |
| Savings and temporary cash investments | $647,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,406,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $96,958 |
| Inventories for sale or use | $1,061,590 |
| Prepaid expenses and deferred charges | $373,764 |
| Net Land, buildings, and equipment | $73,760,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $22,595,227 |
| Intangible assets | $0 |
| Other assets | $210,460 |
| Total assets | $104,289,695 |
| Accounts payable and accrued expenses | $4,194,864 |
| Grants payable | $0 |
| Deferred revenue | $27,470 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $39,120 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,437,617 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,271,148 |
| Total liabilities | $46,970,219 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $129,200 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $57,190,276 |
| Total liabilities and net assets/fund balances | $104,289,695 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Country Electric Cooperative Inc Roby, TX | $104,289,695 | $39,520,925 |
Consumer Energy Alliance Inc Houston, TX | $1,846,772 | $2,939,794 |
Lobo Energy Incorporated Albuquerque, NM | $7,881,888 | $2,177,036 |
Switch Energy Alliance Austin, TX | $3,199,186 | $1,767,932 |
Metropolitan Partnership For Energy San Antonio, TX | $166,821 | $682,017 |
Evolve Houston Houston, TX | $1,014,660 | $950,469 |
Southern Star Medical Research Institute Houston, TX | $10,333,982 | $668,385 |
Texas Property Assessed Clean Energy Authority Austin, TX | $379,425 | $627,538 |
Texas Solar Power Association Austin, TX | $405,490 | $480,667 |
Consumer Energy Education Foundation Houston, TX | $21,550 | $389,698 |
Tulsa Bike Share Inc Tulsa, OK | $686,494 | $255,021 |
Austin Community Design And Development Center Austin, TX | $39,219 | $233,852 |