Rusk County Electric Cooperative Inc
501(c)(12)
100% goes to programs Strong reserves
Rusk County Electric Cooperative Inc is a 501(c)(12) organization based in Henderson, Texas, registered in 1939, with $60,595,364 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 1169, Henderson, TX, 75653 EIN 75-0535849 Since 1939
Revenue (FY2024)
$60.6M
▼ 4.3% vs prior year
Expenses (FY2024)
$60.6M
Net assets
$77.8M
Employees
72
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 Rusk County Electric Cooperative Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +0% 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 Rusk County Electric Cooperative Inc: 15 mo reserves · +0% 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 Rusk County Electric Cooperative 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 Rusk County Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The mission of rcec is to provide reliable, efficient, and economical services to our customers that enhance their quality of life. rcec provided electrical energy to over 15,000 cooperative members.
Contact & location
Financial trends
Revenue declined from $61.5M (FY2018) to $60.6M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $64.9MNet assets $77.8M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$142.6M
Total liabilities
$64.9M
Net assets
$77.8M
Salaries & benefits
$778K
1% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $60,595,364▼4.3% | $60,595,364▼4.3% | $77,752,665▲0.5% | $142,619,267▲1.6% | 990 |
| 2023 | $63,340,914▼14.6% | $63,340,914▼14.6% | $77,363,937▲1.4% | $140,411,983▲1.8% | 990 |
| 2022 | $74,144,265▲12.7% | $74,144,265▲12.7% | $76,258,477▲0.7% | $137,864,154▲1.7% | 990 |
| 2021 | $65,763,493▲21.9% | $65,763,493▲21.9% | $75,746,533▲2.7% | $135,612,483▲0.8% | 990 |
| 2020 | $53,931,709▼8.2% | $53,931,709▼8.2% | $73,761,290▼0.4% | $134,529,071▲4.8% | 990 |
| 2019 | $58,770,116▼4.5% | $58,770,116▼4.5% | $74,031,120▲0.5% | $128,350,249▼0.5% | 990 |
| 2018 | $61,508,259 | $61,508,259 | $73,667,371 | $129,009,253 | 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: Rhett Reid — $256,912 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rhett Reid | General Manager | 55 | $256,912 |
| Robert J Williams | Chief Operate Off | 53 | $165,572 |
| Ruben Contreras | Crew Foreman | 55 | $162,886 |
| Collin Castle | Crew Foreman | 50 | $152,992 |
| Belinda Kern | Mngr of Off. Serv. | 50 | $146,159 |
| Clay Long | Crew Foreman | 59 | $145,519 |
| Brendon Dane | Finance Manager | 50 | $142,931 |
| Jay Innerarity | President | 20 | $37,403 |
| Emily Whitworth | Vice President | 16 | $34,350 |
| Kenneth Keeling | Director | 30 | $34,250 |
| Richard Hacker | Sec/treasur | 25 | $33,500 |
| Sam Allison | Director | 20 | $26,021 |
| Tony Cavaliere | Assist Sec/trea | 30 | $9,250 |
| Nora Tipps | Director | 18 | $7,855 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Northeast Texas Power Inc | Utility Plant Const. Cont | $1,797,711 |
| Re-con Company | Substation Const. Contrac | $1,317,055 |
| Harris Line Service Co Inc | Line Row Maintenance | $1,233,808 |
| Hoffpauir Tree Services Inc | Line Row Maintenance | $570,357 |
| Osmose Utilities Service Inc | Pole Inspections | $359,735 |
Frequently asked questions
- Is Rusk County Electric Cooperative Inc a legitimate nonprofit?
- Yes. Rusk County Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 75-0535849, based in Henderson, Texas.
- What is Rusk County Electric Cooperative Inc's EIN?
- Rusk County Electric Cooperative Inc's Employer Identification Number (EIN) is 75-0535849.
- How much revenue does Rusk County Electric Cooperative Inc report?
- Rusk County Electric Cooperative Inc reported $60,595,364 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Rusk County Electric Cooperative Inc's spending goes to programs?
- Rusk County Electric Cooperative Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Rusk County Electric Cooperative Inc have?
- CharityIndex grades Rusk County Electric Cooperative Inc A+, based on program efficiency and fundraising cost.
- How much does Rusk County Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Rusk County Electric Cooperative Inc's latest Form 990 is $256,912, paid to Rhett Reid (General Manager).
More nonprofits in Henderson
Explore more
Data for Rusk County Electric Cooperative Inc (EIN 75-0535849) 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.