Northeast Texas Electric Coop Inc
501(c)(12)
100% goes to programs Strong reserves Declining revenue
Northeast Texas Electric Coop Inc is a 501(c)(12) organization based in Longview, Texas, registered in 1979, with $239,053,261 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 9248, Longview, TX, 75608 EIN 75-1615421 Since 1979
Revenue (FY2024)
$239.1M
▲ 0.5% vs prior year
Expenses (FY2024)
$234.5M
Net assets
$132.0M
Employees
2
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Northeast Texas Electric Coop Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +2% 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 Northeast Texas Electric Coop Inc: 7 mo reserves · +2% 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 Northeast Texas Electric Coop Inc: 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 Northeast Texas Electric Coop Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Ntec provides wholesale electric generating, purchasing, and transmission to its member electric cooperatives.
Contact & location
Financial trends
Revenue held steady from $237.0M (FY2013) to $239.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $162.1MNet assets $132.0M
Operating margin
1.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$294.1M
Total liabilities
$162.1M
Net assets
$132.0M
Salaries & benefits
$667K
0% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $239,053,261▲0.5% | $234,478,090▼0.1% | $132,049,105▲3.6% | $294,120,365▼3.1% | 990 |
| 2023 | $237,882,729▼23.2% | $234,692,076▼23.6% | $127,473,934▲1.6% | $303,655,928▼5.5% | 990 |
| 2022 | $309,803,168▲7.3% | $307,095,816▲7.4% | $125,476,095▲2.2% | $321,398,197▼2.5% | 990 |
| 2021 | $288,674,270▲35.3% | $285,980,377▲36.2% | $122,768,743▲2.0% | $329,483,821▲21.8% | 990 |
| 2020 | $213,380,688▼2.0% | $210,044,382▼1.9% | $120,411,849▲1.9% | $270,511,806▲8.5% | 990 |
| 2019 | $217,648,634▼8.7% | $214,061,017▼8.7% | $118,115,441▲2.3% | $249,366,062▲1.1% | 990 |
| 2018 | $238,272,017▲7.6% | $234,414,541▲7.8% | $115,462,771▲2.4% | $246,769,727▼9.1% | 990 |
| 2017 | $221,520,049▼1.2% | $217,519,638▼3.0% | $112,799,480▲1.8% | $271,564,445▲0.5% | 990 |
| 2016 | $224,160,898▼0.4% | $224,160,898▼0.4% | $110,843,594▲2.2% | $270,311,536▼3.4% | 990 |
| 2015 | $225,168,739▼9.9% | $225,168,739▼9.9% | $108,407,338▲3.9% | $279,743,512▲0.5% | 990 |
| 2014 | $250,005,881▲5.5% | $250,005,881▲5.5% | $104,317,902▲4.4% | $278,215,062▼4.4% | 990 |
| 2013 | $236,974,594 | $236,974,594▲11.3% | $99,968,796▲5.1% | $291,098,664▼0.3% | 990 |
| 2012 | — | $212,845,601▼3.8% | $95,130,912▲7.4% | $291,991,991▼1.6% | 990 |
| 2011 | — | $221,191,481 | $88,552,896 | $296,804,649 | 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: Caleb Head — $262,546 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Caleb Head | Gm | 40 | $262,546 |
| Mark Boyd | Director | 6 | $18,000 |
| Trey Teaff | President | 3 | $18,000 |
| Albert Tiller | Director | 2 | $15,600 |
| Bryan Wood | Director | 4 | $15,600 |
| Cathy Roberts | Director | 2 | $15,600 |
| Frankie B King | Director | 3 | $15,600 |
| M Austin Haynes | Vice President | 6 | $15,600 |
| Rhett Reid | Director | 6 | $15,600 |
| Richard Hacker | Sec/treas | 4 | $15,600 |
| Steve Delaughter | Director | 5 | $15,600 |
| William Speights | Director | 3 | $15,600 |
| Robert Walker | Asst Sec/treas | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| General Electric International Inc | Lt Maintenance Svcs | $3,085,126 |
| Greenberg Traurig LLC | Legal | $1,217,739 |
| Gds & Associates Inc | Engineering | $602,051 |
| Psi Services | Communications Svcs | $542,223 |
| Nrg Energy Services Group LLC | Management Svcs | $347,623 |
Frequently asked questions
- Is Northeast Texas Electric Coop Inc a legitimate nonprofit?
- Yes. Northeast Texas Electric Coop Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 75-1615421, based in Longview, Texas.
- What is Northeast Texas Electric Coop Inc's EIN?
- Northeast Texas Electric Coop Inc's Employer Identification Number (EIN) is 75-1615421.
- How much revenue does Northeast Texas Electric Coop Inc report?
- Northeast Texas Electric Coop Inc reported $239,053,261 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Northeast Texas Electric Coop Inc's spending goes to programs?
- Northeast Texas Electric Coop Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Northeast Texas Electric Coop Inc have?
- CharityIndex grades Northeast Texas Electric Coop Inc A+, based on program efficiency and fundraising cost.
- How much does Northeast Texas Electric Coop Inc's highest-paid employee make?
- The highest reported compensation on Northeast Texas Electric Coop Inc's latest Form 990 is $262,546, paid to Caleb Head (Gm).
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Data for Northeast Texas Electric Coop Inc (EIN 75-1615421) 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.