Jackson Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Jackson Electric Cooperative Inc is a 501(c)(12) organization based in Edna, Texas, registered in 1940, with $85,179,366 in FY2022 revenue. CharityIndex grades it B.
Po Box 1189, Edna, TX, 77957 EIN 74-0708876 Since 1940
Revenue (FY2022)
$85.2M
▲ 23.1% vs prior year
Expenses (FY2022)
$81.9M
Net assets
$68.9M
Employees
105
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Jackson 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 rating10 mo reserves · +4% 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 Jackson Electric Cooperative Inc: 10 mo reserves · +4% 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 Jackson Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
CTransparency10% of the rating2 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 Jackson Electric Cooperative Inc: 2 of 5 disclosure signals earns a C 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 $33.7M (FY2013) to $85.2M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $103.1MNet assets $68.9M
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$172.1M
Total liabilities
$103.1M
Net assets
$68.9M
Salaries & benefits
$7.6M
9% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $85,179,366▲23.1% | $81,920,065▲22.7% | $68,929,162▲2.3% | $172,050,486▲6.5% | 990 |
| 2021 | $69,176,755▲10.7% | $66,750,477▲11.3% | $67,400,200▲4.8% | $161,516,050▲5.5% | 990 |
| 2020 | $62,514,139▲3.6% | $59,971,116▲3.7% | $64,339,667▲5.0% | $153,123,644▲10.1% | 990 |
| 2019 | $60,355,060▼1.4% | $57,818,846▼3.2% | $61,267,027▲5.6% | $139,103,349▲3.0% | 990 |
| 2018 | $61,195,009▲6.1% | $59,726,520▲8.6% | $57,993,315▲4.9% | $135,019,297▲7.3% | 990 |
| 2017 | $57,671,965▲7.9% | $55,018,956▲7.1% | $55,298,637▲7.2% | $125,886,332▲17.0% | 990 |
| 2016 | $53,457,752▲1.6% | $51,365,801▼2.4% | $51,593,742▲7.3% | $107,614,900▲17.1% | 990 |
| 2015 | $52,612,801▲2.0% | $52,612,801▲2.0% | $48,063,185▲9.5% | $91,908,411▲6.2% | 990 |
| 2014 | $51,567,146▲53.0% | $51,567,146▲53.0% | $43,900,159▲13.4% | $86,527,531▲7.1% | 990 |
| 2013 | $33,697,383 | $33,697,383▲24.4% | $38,706,164▲5.6% | $80,820,504▲9.8% | 990 |
| 2012 | — | $27,078,577▼7.4% | $36,663,926▲6.8% | $73,613,985▲9.5% | 990 |
| 2011 | — | $29,247,682▲6.8% | $34,344,700▲7.6% | $67,202,037▲5.3% | 990 |
| 2010 | — | $27,376,438 | $31,916,006 | $63,797,435 | 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 (FY2022)
Highest-paid: James E Coleman — $254,052 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James E Coleman | General Manager | 55 | $254,052 |
| Martin Flores | Foreman | 57 | $126,644 |
| Richard Bourland | Operations Manager | 50 | $116,947 |
| Efrain Meza | Lineman | 40 | $114,778 |
| Jose Palomares | Foreman | 40 | $113,952 |
| Jeremy Cervenka | Foreman | 40 | $113,892 |
| James Roach | Director | 1 | $11,250 |
| Doug Tise | Director | 6.9 | $10,950 |
| Michael Jacobs | Secretary/treasurer | 3 | $10,950 |
| Tom Hudgins | Director | 1.9 | $10,950 |
| Patrick Stuart | Director | 3.5 | $10,500 |
| William Hansen | Vice President | 1.5 | $10,200 |
| James Hoffmeister | Director | 3.5 | $10,050 |
| Bruce Elliott | Director | 1.8 | $9,750 |
| Laval Simons | Director | 2 | $9,750 |
| Anthony Smith | Director | 1.9 | $9,600 |
| Lh Cornelius Jr | President | 1.8 | $9,000 |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Powerline Construction Inc | Line Construction | $1,733,432 |
| National Rural Telecommunications Coop | Engineering Services, Metering | $532,782 |
| Quanta Telecom Svc LLC | Fiber Construction | $392,759 |
| Meridian Cooperative Inc | Bill Printing and Computer Support | $372,765 |
| Mcginnis Lochridge | Legal | $316,181 |
Grants made · $12K in FY2017
1 grant totaling $12K in FY2017. All grants made by Jackson Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Victoria Boulevard Lions Club DBA Venturing Crew 182 | 2017 donation | $12,000 |
Frequently asked questions
- Is Jackson Electric Cooperative Inc a legitimate nonprofit?
- Yes. Jackson Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-0708876, based in Edna, Texas.
- What is Jackson Electric Cooperative Inc's EIN?
- Jackson Electric Cooperative Inc's Employer Identification Number (EIN) is 74-0708876.
- How much revenue does Jackson Electric Cooperative Inc report?
- Jackson Electric Cooperative Inc reported $85,179,366 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Jackson Electric Cooperative Inc have?
- CharityIndex grades Jackson Electric Cooperative Inc B, based on financial health (reserves and operating margin).
- How much does Jackson Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Jackson Electric Cooperative Inc's latest Form 990 is $254,052, paid to James E Coleman (General Manager).
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Data for Jackson Electric Cooperative Inc (EIN 74-0708876) 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.