Medina Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Medina Electric Cooperative Inc is a 501(c)(12) organization based in Hondo, Texas, registered in 1940, with $157,545,341 in FY2024 revenue. CharityIndex grades it A.
Po Box 370, Hondo, TX, 78861 EIN 74-0779023 Since 1940
Revenue (FY2024)
$157.5M
▼ 1.9% vs prior year
Expenses (FY2024)
$156.6M
Net assets
$150.3M
Employees
157
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 Medina 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 · +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 Medina Electric Cooperative Inc: 12 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 Medina 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 Medina 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 $81.2M (FY2013) to $157.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $208.4MNet assets $150.3M
Operating margin
0.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$358.7M
Total liabilities
$208.4M
Net assets
$150.3M
Salaries & benefits
$16.3M
10% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $157,545,341▼1.9% | $156,608,534▼2.8% | $150,297,995▲7.1% | $358,650,184▲9.2% | 990 |
| 2023 | $160,596,404▲1.9% | $161,094,458▲2.6% | $140,343,854▲9.6% | $328,349,312▲10.0% | 990 |
| 2022 | $157,652,712▲20.6% | $157,041,962▲19.9% | $127,993,481▲1.0% | $298,551,439▲8.3% | 990 |
| 2021 | $130,747,216▲0.4% | $130,962,649▲0.3% | $126,689,532▲4.4% | $275,605,575▲4.3% | 990 |
| 2020 | $130,288,604▼2.7% | $130,629,389▼2.0% | $121,402,293▲6.9% | $264,283,380▲5.9% | 990 |
| 2019 | $133,951,852▲4.6% | $133,287,529▲4.7% | $113,577,989▲9.9% | $249,593,770▲6.5% | 990 |
| 2018 | $128,069,415▲14.0% | $127,292,439▲14.0% | $103,331,452▲4.4% | $234,384,200▲3.6% | 990 |
| 2017 | $112,306,608▲9.6% | $111,642,338▲9.6% | $98,972,128▲10.7% | $226,276,516▲9.3% | 990 |
| 2016 | $102,489,576▲5.0% | $101,896,733▲5.5% | $89,433,119▲11.0% | $206,935,674▲4.6% | 990 |
| 2015 | $97,623,102▼1.9% | $96,564,414▼3.4% | $80,535,271▲11.3% | $197,862,811▲5.0% | 990 |
| 2014 | $99,520,128▲22.6% | $99,953,530▲25.9% | $72,369,750▲9.4% | $188,432,032▲11.5% | 990 |
| 2013 | $81,175,949 | $79,361,948▲16.4% | $66,165,670▲12.5% | $169,046,399▲10.0% | 990 |
| 2012 | — | $68,187,984▲0.6% | $58,810,974▲15.1% | $153,628,693▲13.3% | 990 |
| 2011 | — | $67,812,338▲15.2% | $51,109,360▲17.3% | $135,576,891▲5.3% | 990 |
| 2010 | — | $58,844,895 | $43,570,287 | $128,750,112 | 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: Hebert Ott Grebe III — $226,344 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Hebert Ott Grebe III | Chief Executive Officer | 50 | $226,344 |
| Keith Calle | Chief Engineering Division Officer | 45 | $182,520 |
| Doug Kindred | Chief It Officer | 70 | $161,181 |
| Laurie Van Damme | Chief Financial Officer | 45 | $160,412 |
| Patricia Taylor | Chief Administrative Officer | 45 | $159,419 |
| Leonard Geyer | Chief Operations Division | 40 | $149,412 |
| Brett Williams | Manager of Finance | 40 | $132,852 |
| Zachary Lyle | Manager of System Ops | 40 | $130,833 |
| Mario Molina | Working Foreman | 54 | $127,751 |
| Sean Krause | Manager of Engineering | 40 | $127,249 |
| Patricio Garza | Journeyman | 52 | $124,506 |
| Kenneth Weynand | President (oct-dec) | 7.2 | $26,150 |
| James Raines | Director | 4.8 | $19,200 |
| Jose Luis Gonzalez | Director | 6 | $18,750 |
| Larry Huesser | Vice President | 6.4 | $18,450 |
| Jodene Foley | Director | 4.8 | $17,850 |
| Rodolfo Rodriguez | Director | 5 | $17,250 |
| Annette Sorrells | Secretary/treasurer | 4.6 | $17,100 |
| Kenneth G White | President (jan-oct) | 5.7 | $17,050 |
| Wayne Scholtz | Director (jan-oct) | 2.2 | $9,750 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Linetec Servicesinc | Construction Contractor | $7,744,916 |
| Cooperative Building Solutions | Headquarters Contractor | $1,960,109 |
| Cedar Beetle Inc | Row Clearing Contractor | $1,826,365 |
| Schneider Engineering Inc | Engineering Contractor | $1,808,297 |
| Pannell Contracting LLC | Row Clearing Contractor | $1,624,231 |
Grants made · $10K in FY2022
1 grant totaling $10K in FY2022. All grants made by Medina Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Community Foundation of the Texas Hill Country Inc | Uvalde forever fund | $10,000 |
Frequently asked questions
- Is Medina Electric Cooperative Inc a legitimate nonprofit?
- Yes. Medina Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-0779023, based in Hondo, Texas.
- What is Medina Electric Cooperative Inc's EIN?
- Medina Electric Cooperative Inc's Employer Identification Number (EIN) is 74-0779023.
- How much revenue does Medina Electric Cooperative Inc report?
- Medina Electric Cooperative Inc reported $157,545,341 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Medina Electric Cooperative Inc have?
- CharityIndex grades Medina Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Medina Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Medina Electric Cooperative Inc's latest Form 990 is $226,344, paid to Hebert Ott Grebe III (Chief Executive Officer).
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Data for Medina Electric Cooperative Inc (EIN 74-0779023) 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.