Bluebonnet Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Bluebonnet Electric Cooperative Inc is a 501(c)(12) organization based in Bastrop, Texas, registered in 1940, with $365,251,747 in FY2024 revenue. CharityIndex grades it A.
Po Box 729, Bastrop, TX, 78602 EIN 74-0754103 Since 1940
Revenue (FY2024)
$365.3M
▲ 17.5% vs prior year
Expenses (FY2024)
$363.8M
Net assets
$361.6M
Employees
411
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bluebonnet Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bluebonnet Electric Cooperative Inc: 12 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bluebonnet Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bluebonnet Electric Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide quality and reliable electric service to members of the cooperative.
Contact & location
Financial trends
Revenue grew from $203.4M (FY2013) to $365.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $514.5MNet assets $361.6M
Operating margin
0.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$876.1M
Total liabilities
$514.5M
Net assets
$361.6M
Salaries & benefits
$27.4M
8% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $365,251,747▲17.5% | $363,833,112▲17.3% | $361,577,251▲7.6% | $876,058,516▲9.0% | 990 |
| 2023 | $310,953,850▲2.1% | $310,074,933▲2.5% | $336,130,268▲9.3% | $803,686,235▲9.9% | 990 |
| 2022 | $304,607,852▲23.0% | $302,622,296▲22.2% | $307,545,056▲11.0% | $731,168,086▲11.1% | 990 |
| 2021 | $247,741,918▲8.9% | $247,578,217▲9.1% | $276,963,759▲10.7% | $657,902,626▲7.2% | 990 |
| 2020 | $227,422,554▲1.9% | $226,836,206▲2.0% | $250,180,216▲11.4% | $613,433,209▲7.4% | 990 |
| 2019 | $223,080,010▼3.1% | $222,480,255▼3.0% | $224,673,734▲13.8% | $571,072,083▲5.4% | 990 |
| 2018 | $230,203,311▲8.2% | $229,478,786▲8.8% | $197,459,918▲12.2% | $541,694,101▲5.4% | 990 |
| 2017 | $212,702,276▲7.8% | $210,949,822▲7.0% | $175,965,763▲9.4% | $513,832,933▲3.2% | 990 |
| 2016 | $197,377,049▼6.0% | $197,077,243▼6.0% | $160,909,535▲1.3% | $497,702,877▲4.9% | 990 |
| 2015 | $209,941,605▼8.7% | $209,675,807▼8.7% | $158,909,428▲1.8% | $474,490,731▲1.9% | 990 |
| 2014 | $229,999,411▲13.1% | $229,773,558▲13.3% | $156,153,118▲2.8% | $465,787,777▲4.0% | 990 |
| 2013 | $203,398,585 | $202,889,893▲7.3% | $151,860,510▲2.3% | $447,848,834▲5.8% | 990 |
| 2012 | — | $189,100,383▼5.7% | $148,380,822▲1.3% | $423,391,637▲1.1% | 990 |
| 2011 | — | $200,566,705▲9.5% | $146,538,188▼0.1% | $418,811,992▲9.5% | 990 |
| 2010 | — | $183,198,420 | $146,737,660 | $382,619,969 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matthew Bentke — $970,799 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Bentke | General Manager | 60 | $970,799 |
| Sarah Newman-altamirano | General Counsel | 50 | $524,499 |
| Eric Kocian | Chief Engineer/system Ops Officer | 50 | $489,261 |
| Grant Gutierrez | Chief Financial Officer | 50 | $485,339 |
| Rachel Ellis | Chief Administrative Offic | 50 | $358,960 |
| Wesley Brinkmeyer | Mgr Community/developmental Services | 50 | $321,662 |
| William Holford | Mgr of Public Affairs | 50 | $308,761 |
| Daniel Fowler | Mgr of Tech Programs | 50 | $302,161 |
| Thomas Ellis | Mgr of Engineering | 50 | $300,396 |
| Phillip Ellis | Mgr of Technical Services | 50 | $298,546 |
| Ervin B Flencher Jr | Chairman | 9.9 | $49,443 |
| Roderick Emanuel | Vice Chairman | 8.4 | $46,055 |
| Robert Mikeska | Secretary/treasurer | 8.6 | $45,881 |
| Deborah Goertz | Director | 7.6 | $45,475 |
| Carrissa Whiteley | Director | 6.8 | $45,469 |
| Russell Jurk | Director | 8.3 | $45,257 |
| Byron Balke | Asst Secretary/treasurer | 8.7 | $45,003 |
| Bryan Bracewell | Director | 8 | $44,995 |
| Milton Shaw | Director | 9 | $44,619 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Davey Tree Surgery Company | Row Contractor | $6,789,352 |
| Burlin Power Line LLC | Construction Contractor | $5,991,081 |
| Linetec Services LLC | Construction Contractor | $5,644,033 |
| Pike Corporation | Construction Contractor | $5,364,654 |
| Over & Under LLC | Row/construction Contractor | $5,033,174 |
Grants received · $105K total
2 grants to Bluebonnet Electric Cooperative Inc totaling $105K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2017 | $52,497 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2016 | $52,497 |
Grants made · $107K in FY2024
10 grants totaling $107K in FY2024. All grants made by Bluebonnet Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Ascension Seton Hays Foundation | Capital project grant for ascension seton edgar b. davis children's care-a-van | $25,000 |
| Communuity Action Inc of Central Texas | Provide home energy assistance to low-income households | $12,370 |
| Travis County Health & Human Services | Provide home energy assistance to low-income households | $12,000 |
| Combined Community Action Incorporated | Provide home energy assistance to low-income households | $12,000 |
| Bastrop Chamber of Commerce | 2024 contributions, state of the city table, 2024 man of the year award sponsor, full hitch reserved table, first responders luncheon sponsor, mingle n jingle holiday mixer, chamber luncheon, and chamber banquet sponsor | $9,801 |
| Washington County Fair Association | Fundraiser sponsorships for county fair | $8,640 |
| Brazos Valley Community Action Programs | Provide home energy assistance to low-income households | $8,466 |
| Childrens Advocacy Center of Bastrop County | Recognition day 2024 charity donation, 2024 contribution and heroes for hope sponsorship, and adopt-a-family donation | $7,800 |
| San Marcos Area Chamber of Commerce Incorporated | 2024 contribution/annual dues, 2024 chamber cornhole tournament sponsor, state of the city luncheon, 2024 business on the green golf tournament, state of workforce & education summit, 2024 chamber dinner & awards gala, silent auction items. | $6,345 |
| Lockhart Chamber of Commerce | Supply purchase for chamber banquet and corportate level membership | $5,035 |
Frequently asked questions
- Is Bluebonnet Electric Cooperative Inc a legitimate nonprofit?
- Yes. Bluebonnet Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-0754103, based in Bastrop, Texas.
- What is Bluebonnet Electric Cooperative Inc's EIN?
- Bluebonnet Electric Cooperative Inc's Employer Identification Number (EIN) is 74-0754103.
- How much revenue does Bluebonnet Electric Cooperative Inc report?
- Bluebonnet Electric Cooperative Inc reported $365,251,747 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Bluebonnet Electric Cooperative Inc have?
- CharityIndex grades Bluebonnet Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Bluebonnet Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Bluebonnet Electric Cooperative Inc's latest Form 990 is $970,799, paid to Matthew Bentke (General Manager).
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Data for Bluebonnet Electric Cooperative Inc (EIN 74-0754103) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.