Karnes Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Karnes Electric Cooperative Inc is a 501(c)(12) organization based in Karnes City, Texas, registered in 1940, with $129,452,118 in FY2024 revenue. CharityIndex grades it A.
Po Box 7, Karnes City, TX, 78118 EIN 74-0720615 Since 1940
Revenue (FY2024)
$129.5M
▲ 1.1% vs prior year
Expenses (FY2024)
$128.5M
Net assets
$186.9M
Employees
98
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 Karnes 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 rating17 mo reserves · +1% 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 Karnes Electric Cooperative Inc: 17 mo reserves · +1% 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 Karnes 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 Karnes 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
- Address
- Po Box 7, Karnes City, TX, 78118
- City
- Karnes City
- State
- Texas
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $50.9M (FY2013) to $129.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $46.0MNet assets $186.9M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$232.9M
Total liabilities
$46.0M
Net assets
$186.9M
Salaries & benefits
$8.8M
7% of expenses
Board members
7
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $129,452,118▲1.1% | $128,451,118▼1.5% | $186,855,639▲4.5% | $232,888,664▲4.1% | 990 |
| 2023 | $128,043,306▼2.9% | $130,460,306▲0.9% | $178,772,167▲5.6% | $223,741,319▲2.3% | 990 |
| 2022 | $131,910,540▲29.5% | $129,360,540▲27.6% | $169,282,212▲5.2% | $218,729,307▲7.8% | 990 |
| 2021 | $101,891,775▲5.4% | $101,351,775▲4.6% | $160,952,517▲6.7% | $202,970,400▲3.9% | 990 |
| 2020 | $96,653,987▼6.5% | $96,923,987▼6.0% | $150,909,431▲5.2% | $195,433,978▲1.1% | 990 |
| 2019 | $103,323,530▲2.4% | $103,153,530▲2.6% | $143,513,108▲12.7% | $193,360,823▲7.7% | 990 |
| 2018 | $100,931,222▲11.3% | $100,575,222▲10.5% | $127,323,827▲22.0% | $179,540,842▲15.2% | 990 |
| 2017 | $90,702,357▲6.1% | $91,046,127▲6.3% | $104,350,825▲13.4% | $155,873,216▲7.3% | 990 |
| 2016 | $85,479,230▲10.6% | $85,678,179▲10.6% | $92,048,828▲16.2% | $145,253,913▲6.9% | 990 |
| 2015 | $77,289,017▲7.7% | $77,479,197▲7.7% | $79,241,661▲24.8% | $135,864,016▲8.9% | 990 |
| 2014 | $71,788,453▲41.0% | $71,970,663▲40.9% | $63,502,668▲21.7% | $124,732,334▲8.3% | 990 |
| 2013 | $50,904,064 | $51,070,503▲30.2% | $52,170,622▲17.0% | $115,173,546▲8.6% | 990 |
| 2012 | — | $39,227,993▲10.9% | $44,574,128▲13.3% | $106,062,999▲11.6% | 990 |
| 2011 | — | $35,366,219▲23.1% | $39,326,403▲9.9% | $95,006,032▲21.0% | 990 |
| 2010 | — | $28,735,137 | $35,773,685 | $78,512,800 | 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: Eric Halfmann — $212,146 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Eric Halfmann | General Manager | 60 | $212,146 |
| Randy Ortiz | Serviceman | 55 | $187,243 |
| Paul Rodriguez | Serviceman | 56 | $182,635 |
| Joe Escandon | Construction Foreman | 48 | $175,161 |
| Patrick Janysek | Constuction Manager | 40 | $174,704 |
| Jesse Benavides | Operations Manager | 40 | $171,448 |
| Clif Royal | Vice President | 1.7 | $30,499 |
| Ross Nieschwitz | Director | 0.8 | $30,199 |
| Paul Brysch Jr | President | 5.7 | $29,125 |
| Frank Geyer Jr | Asst Secretary/treasurer | 6.1 | $25,595 |
| Larry Schendel | Secretary/treasurer | 3.6 | $17,793 |
| Scott Mcclaugherty | Director | 2 | $12,378 |
| Boyd Vaughan | Director (mar-dec) | 2.3 | $4,595 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sendero Power Line Construction Inc | Utility Construction | $3,338,600 |
| James Power Line Construction Inc | Utility Construction | $2,369,345 |
| Ivm Solutions | Row Clearing | $1,718,525 |
| Schneider Engineering | Engineering | $1,035,134 |
| Osmose Utilities | Pole Inspections | $369,850 |
Grants made · $30K in FY2019
3 grants totaling $30K in FY2019. All grants made by Karnes Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| City of Pleasanton | Tree mitigation - city of pleasanton/new office. | $12,975 |
| Karnes County Youth Show | Donation towards new barn. | $10,000 |
| Karnes City Volunteer Fire Department Inc | Matching donation with cobank. | $7,500 |
Frequently asked questions
- Is Karnes Electric Cooperative Inc a legitimate nonprofit?
- Yes. Karnes Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-0720615, based in Karnes City, Texas.
- What is Karnes Electric Cooperative Inc's EIN?
- Karnes Electric Cooperative Inc's Employer Identification Number (EIN) is 74-0720615.
- How much revenue does Karnes Electric Cooperative Inc report?
- Karnes Electric Cooperative Inc reported $129,452,118 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Karnes Electric Cooperative Inc have?
- CharityIndex grades Karnes Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Karnes Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Karnes Electric Cooperative Inc's latest Form 990 is $212,146, paid to Eric Halfmann (General Manager).
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Data for Karnes Electric Cooperative Inc (EIN 74-0720615) 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.