South Texas Electric Cooperative Inc
501(c)(12)
Strong reserves Growing revenue
South Texas Electric Cooperative Inc is a 501(c)(12) organization based in Victoria, Texas, registered in 1964, with $686,699,882 in FY2024 revenue.
2849 Farm Road 447, Victoria, TX, 77905 EIN 74-1393760 Since 1964
Revenue (FY2024)
$686.7M
▼ 0.3% vs prior year
Expenses (FY2024)
$686.7M
Net assets
$566.2M
Employees
287
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 South Texas 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 rating10 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 South Texas Electric Cooperative Inc: 10 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 South Texas Electric Cooperative Inc: 5 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 South Texas Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
We are a cutting-edge generation and transmission cooperative providing electric power and a leader in providing a diverse portfolio of affordable energy, a reliable power delivery system and services customized to the needs of the members.
Contact & location
Financial trends
Revenue grew from $365.5M (FY2013) to $686.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1BNet assets $566.2M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.7B
Total liabilities
$1.1B
Net assets
$566.2M
Salaries & benefits
$38.9M
6% of expenses
Board members
18
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $686,699,882▼0.3% | $686,698,771▼1.3% | $566,200,319▲9.6% | $1,680,130,079▲3.9% | 990 |
| 2023 | $688,786,888▼7.2% | $695,526,145▼7.9% | $516,497,588▲16.6% | $1,617,028,197▲2.7% | 990 |
| 2022 | $742,444,236▲34.0% | $755,296,598▲31.5% | $443,133,366▲7.6% | $1,574,035,330▲7.9% | 990 |
| 2021 | $553,923,230▲8.8% | $574,304,021▲4.7% | $411,748,292▲4.7% | $1,458,906,185▲2.6% | 990 |
| 2020 | $509,268,124▼3.1% | $548,662,853▼4.8% | $393,401,205▲7.7% | $1,421,264,373▲1.2% | 990 |
| 2019 | $525,803,887▼0.6% | $576,612,564▼0.4% | $365,268,192▲11.2% | $1,404,192,450 | 990 |
| 2018 | $529,040,851▲5.8% | $579,168,237▲5.1% | $328,362,224▲11.0% | $1,404,012,079▼0.1% | 990 |
| 2017 | $499,920,178▲9.7% | $551,096,386▲11.2% | $295,900,035▲9.9% | $1,405,884,368▲0.8% | 990 |
| 2016 | $455,799,361▲8.4% | $495,552,218▲1.0% | $269,225,979▲10.0% | $1,394,702,635▲5.5% | 990 |
| 2015 | $420,632,811▼5.2% | $490,650,084▲3.0% | $244,648,905▲14.6% | $1,321,657,620▲6.0% | 990 |
| 2014 | $443,509,741▲21.3% | $476,304,800▲24.5% | $213,559,288▲16.5% | $1,246,738,142▼5.9% | 990 |
| 2013 | $365,505,678 | $382,620,118▲14.2% | $183,282,280▲11.6% | $1,325,337,805▲28.9% | 990 |
| 2012 | — | $335,120,308▲0.4% | $164,190,299▲16.8% | $1,028,497,212▲16.7% | 990 |
| 2011 | — | $333,652,429▲4.7% | $140,543,313▲18.4% | $880,976,197▲4.2% | 990 |
| 2010 | — | $318,643,471 | $118,676,744 | $845,333,763 | 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: Clifton Lange — $739,390 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Clifton Lange | General Manager | 55 | $739,390 |
| Cory Allen | Assistant Gm/mgr of Power Delivery | 40 | $382,527 |
| John Packard | Mgr of Power Supply | 40 | $342,823 |
| Steven Taylor | Transmission Line Superintendent | 45 | $262,478 |
| Paul Person | Mgr of Engineering | 45 | $244,586 |
| Lucas Turner | Mgr of Wholesale Marketing/qse | 45 | $237,955 |
| Wendy Ohrt | Mgr of Corporate & Member Services | 50 | $237,690 |
| Lesander Martinez | Substation Superintendent | 45 | $231,213 |
| Tabatha Temple | Chief Financial Officer | 40 | $200,942 |
| Barbara Miller | President | 6.85 | $21,800 |
| Blaine Warzecha | Director | 5 | $20,000 |
| Brian Acosta | Director | 5 | $20,000 |
| Bruce Elliott | Director | 3 | $20,000 |
| Clyde Stewart | Director | 5 | $20,000 |
| Eric Halfmann | Director | 5 | $20,000 |
| Jim Harton | Director | 6 | $20,000 |
| Paul Brysch Jr | Secretary-treasurer | 4.4 | $20,000 |
| Sammy Condra | Director | 5 | $20,000 |
| Larry Huesser | Assistant Sec-treas | 4.8 | $19,600 |
| Michael Ables | Director | 5 | $19,200 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lambda Construction | Station Construction | $7,682,694 |
| Wartsila North America Inc | Electric Contractor | $6,431,463 |
| Grays Power Supply LLC | Power Line Contractor | $4,308,089 |
| Ge Vernova Operations LLC | Electric Contractor | $3,923,852 |
| Power Engineers Inc | Engineering Services | $3,622,047 |
Grants received · $150K total
2 grants to South Texas Electric Cooperative Inc totaling $150K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Golden Spread Electric Cooperative Inc | 2024 donation | 2024 | $25,000 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2018 | $125,000 |
Grants made · $10K in FY2023
1 grant totaling $10K in FY2023. All grants made by South Texas Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Nreca International Ltd | Rural electrification in other countries | $10,000 |
Frequently asked questions
- Is South Texas Electric Cooperative Inc a legitimate nonprofit?
- Yes. South Texas Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-1393760, based in Victoria, Texas.
- What is South Texas Electric Cooperative Inc's EIN?
- South Texas Electric Cooperative Inc's Employer Identification Number (EIN) is 74-1393760.
- How much revenue does South Texas Electric Cooperative Inc report?
- South Texas Electric Cooperative Inc reported $686,699,882 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does South Texas Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on South Texas Electric Cooperative Inc's latest Form 990 is $739,390, paid to Clifton Lange (General Manager).
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Data for South Texas Electric Cooperative Inc (EIN 74-1393760) 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.