Mid-south Electric Cooperative Association
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Mid-south Electric Cooperative Association is a 501(c)(12) organization based in Navasota, Texas, registered in 1944, with $160,494,267 in FY2024 revenue. CharityIndex grades it A.
7625 Highway 6, Navasota, TX, 77868 EIN 74-0783753 Since 1944
Revenue (FY2024)
$160.5M
▲ 6.2% vs prior year
Expenses (FY2024)
$164.9M
Net assets
$153.7M
Employees
245
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 Mid-south Electric Cooperative Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating11 mo reserves · -3% 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 Mid-south Electric Cooperative Association: 11 mo reserves · -3% margin earns a B+ 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 Mid-south Electric Cooperative Association: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Mid-south Electric Cooperative Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide quality and reliable electric service to members of the cooperative.
What they do
Communications division:providing broadband internet services through the construction of a fiber optic network. when cumulative net margins derived from member sales of broadband internet services exceed cumulative net losses from such sales, the cooperative will allocate patronage capital to the members. there were 15,866 subscribers at year end.
Contact & location
Financial trends
Revenue grew from $65.1M (FY2013) to $160.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $458.1MNet assets $153.7M
Operating margin
-2.7%
Spent more than it raised in the latest fiscal year.
Total assets
$611.8M
Total liabilities
$458.1M
Net assets
$153.7M
Salaries & benefits
$11.8M
7% of expenses
Board members
8
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $160,494,267▲6.2% | $164,902,056▲10.9% | $153,690,646▼2.6% | $611,805,119▲8.7% | 990 |
| 2023 | $151,151,344▼0.1% | $148,656,414▲0.3% | $157,825,902▲8.4% | $562,970,321▲9.3% | 990 |
| 2022 | $151,349,587▲34.8% | $148,222,587▲31.0% | $145,532,054▲9.8% | $514,894,894▲13.7% | 990 |
| 2021 | $112,304,236▲22.7% | $113,184,909▲25.1% | $132,529,557▲6.6% | $452,923,341▲21.8% | 990 |
| 2020 | $91,529,673▲1.7% | $90,484,210▲2.0% | $124,278,051▲4.5% | $371,819,528▲18.2% | 990 |
| 2019 | $90,010,923▲3.0% | $88,738,046▲3.2% | $118,869,632▲5.4% | $314,645,801▲6.8% | 990 |
| 2018 | $87,426,103▲9.1% | $86,023,622▲10.2% | $112,809,554▲8.7% | $294,662,972▲7.5% | 990 |
| 2017 | $80,157,755▲11.9% | $78,038,758▲10.7% | $103,780,504▲10.5% | $273,994,511▲12.7% | 990 |
| 2016 | $71,659,633▼0.1% | $70,478,792▲0.2% | $93,945,959▲8.7% | $243,073,584▲14.4% | 990 |
| 2015 | $71,721,279▼2.4% | $70,315,163▼3.7% | $86,444,322▲11.3% | $212,506,073▲8.6% | 990 |
| 2014 | $73,494,562▲12.9% | $72,992,148▲15.3% | $77,702,153▲13.3% | $195,651,104▲2.4% | 990 |
| 2013 | $65,112,978 | $63,298,363▲6.4% | $68,563,290▲17.6% | $191,102,529▲13.2% | 990 |
| 2012 | — | $59,479,777▼1.2% | $58,306,495▲19.4% | $168,842,674▲8.7% | 990 |
| 2011 | — | $60,191,898▲4.6% | $48,850,983▲13.2% | $155,353,663▲3.5% | 990 |
| 2010 | — | $57,547,423 | $43,142,946 | $150,049,116 | 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: Kerry Kelton — $614,127 (0.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kerry Kelton | General Manager/ceo | 60 | $614,127 |
| Andrew Dallmeyer | Sr. Vice President | 50 | $396,182 |
| Michael Mcdougald | Sr. Vice President | 50 | $379,682 |
| Troy Morris | Sr. Vice President | 55 | $373,919 |
| Russell Smith | Sr. Vice President | 50 | $319,635 |
| David Williams | Vp - Operations | 45 | $263,395 |
| Brandon Northcut | Vp - Technology | 50 | $257,695 |
| Cathy Barker | Vp - Hr & Safety | 55 | $202,762 |
| Melanie Caballero | Vp - Compliance | 60 | $200,463 |
| Justin Stapelton | Vp - Government Relations | 40 | $190,749 |
| Marshall Shirley | President | 9.9 | $32,761 |
| Steve Driver | Director | 9.2 | $29,798 |
| Dennis Mcwhorter | Director | 6.5 | $24,049 |
| Russell Watson | Director | 5.8 | $20,952 |
| James Morrison | Vice President | 5.4 | $17,884 |
| Aimee Pavelock | Director (may-dec) | 4.7 | $15,288 |
| Paul Malek | Director | 4.1 | $14,782 |
| Kenneth Mcdougald | Secretary/treasurer | 2.7 | $12,403 |
| Robert Pierce | Director (jan-feb) | 1 | $800 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Linetec Services LLC | Overhead Line Contractor | $6,006,309 |
| Burlin Power Lines LLC | Overhead Line Contractor | $3,714,699 |
| Cm Joslin Company LLC | Right of Way | $2,757,349 |
| Finway | Overhead and Fiber Line Contractor | $1,697,412 |
| Mccord Engineering | Engineering Services | $1,564,611 |
Frequently asked questions
- Is Mid-south Electric Cooperative Association a legitimate nonprofit?
- Yes. Mid-south Electric Cooperative Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-0783753, based in Navasota, Texas.
- What is Mid-south Electric Cooperative Association's EIN?
- Mid-south Electric Cooperative Association's Employer Identification Number (EIN) is 74-0783753.
- How much revenue does Mid-south Electric Cooperative Association report?
- Mid-south Electric Cooperative Association reported $160,494,267 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mid-south Electric Cooperative Association have?
- CharityIndex grades Mid-south Electric Cooperative Association A, based on financial health (reserves and operating margin).
- How much does Mid-south Electric Cooperative Association's highest-paid employee make?
- The highest reported compensation on Mid-south Electric Cooperative Association's latest Form 990 is $614,127, paid to Kerry Kelton (General Manager/ceo).
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Data for Mid-south Electric Cooperative Association (EIN 74-0783753) 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.