Taylor Electric Cooperative Inc
501(c)(12)
Strong reserves Growing revenue
Taylor Electric Cooperative Inc is a 501(c)(12) organization based in Merkel, Texas, registered in 1943, with $70,702,395 in FY2024 revenue.
Po Box 250, Merkel, TX, 79536 EIN 75-0597925 Since 1943
Revenue (FY2024)
$70.7M
▼ 3.1% vs prior year
Expenses (FY2024)
$72.8M
Net assets
$92.6M
Employees
96
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 Taylor 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 →
B+Financial health25% of the rating15 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 Taylor Electric Cooperative Inc: 15 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 Taylor Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Taylor Electric Cooperative Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide electric power to rural areas at cost on a cooperative basis.
What they do
Fiber internet division:a separate division of the cooperative was created to provide fiber internet service to its members through the construction of a fiber optic network. fiber internet services are provided to members on a patronage basis through the allocation of patronage capital to the extent of margins for such division. there were 4,582 active services at year end.
Contact & location
Financial trends
Revenue grew from $39.8M (FY2013) to $70.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $141.7MNet assets $92.6M
Operating margin
-3.0%
Spent more than it raised in the latest fiscal year.
Total assets
$234.3M
Total liabilities
$141.7M
Net assets
$92.6M
Salaries & benefits
$9.0M
12% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $70,702,395▼3.1% | $72,819,484▼2.4% | $92,646,619▲7.2% | $234,317,038▲4.6% | 990 |
| 2023 | $72,942,498▲0.9% | $74,616,357▲1.3% | $86,442,029▲12.4% | $224,088,122▲7.8% | 990 |
| 2022 | $72,269,537▲26.1% | $73,639,627▲26.2% | $76,912,797▲5.5% | $207,962,708▲10.6% | 990 |
| 2021 | $57,329,541▲15.6% | $58,337,043▲14.8% | $72,890,237▲4.3% | $188,078,410▲3.5% | 990 |
| 2020 | $49,576,336▼1.7% | $50,801,382▼2.3% | $69,882,548▲5.1% | $181,660,380▲6.6% | 990 |
| 2019 | $50,421,205▲5.9% | $51,997,436▲6.1% | $66,501,374▲8.6% | $170,362,742▲14.4% | 990 |
| 2018 | $47,611,078▲7.8% | $48,988,348▲9.7% | $61,250,729▲6.2% | $148,877,027▲6.9% | 990 |
| 2017 | $44,180,258▲9.6% | $44,645,062▲11.0% | $57,663,063▲6.5% | $139,309,463▲1.1% | 990 |
| 2016 | $40,321,894▼4.0% | $40,210,582▼4.5% | $54,147,655▲1.2% | $137,831,968▲2.4% | 990 |
| 2015 | $41,987,227▼4.9% | $42,098,544▼4.7% | $53,484,046▲1.2% | $134,551,742▲7.0% | 990 |
| 2014 | $44,152,028▲11.1% | $44,152,030▲11.1% | $52,826,531▲5.4% | $125,736,365▲9.7% | 990 |
| 2013 | $39,756,957 | $39,756,957▲8.5% | $50,119,280▲8.6% | $114,577,900▲8.2% | 990 |
| 2012 | — | $36,640,223▼9.2% | $46,153,700▲15.5% | $105,870,685▲7.9% | 990 |
| 2011 | — | $40,346,755▲27.3% | $39,972,162▲17.2% | $98,109,899▲10.7% | 990 |
| 2010 | — | $31,692,955 | $34,111,060 | $88,594,680 | 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: Ryan Bartlett — $344,884 (0.47% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ryan Bartlett | President/chief Executive Officer | 53 | $344,884 |
| Nancy Brisco | Chief Financial Officer | 50 | $227,857 |
| Wade Hatch | Vp of Engineering | 45 | $172,134 |
| David Thomas | Director of Electric Operations | 44 | $158,019 |
| Joshua Foss | Working Foreman | 48.7 | $127,696 |
| John Haspel | Const & Energy Services Mgr | 40.4 | $126,703 |
| Jason Cantu | Working Foreman | 50.4 | $126,581 |
| Linda Hunt | Sr Finance Planning & Analysis Mgr | 41.3 | $125,655 |
| Denise Bernhardt | Mbr Services/communication Mgr | 40.3 | $124,349 |
| Richard Petree | Director | 5 | $29,500 |
| Cecil Davis | Chairman | 2 | $21,500 |
| David Mcfall | Secretary/treasurer | 5 | $21,500 |
| Garland Carter | Director | 4 | $21,500 |
| Gayla Simmons | Director | 4 | $21,500 |
| Kathryn Rainey | Vice Chairman | 5 | $21,500 |
| Craig Bessent | Director (feb-dec) | 2 | $18,000 |
| Leland Robinson | Director (jan) | 0 | $1,750 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Primary Utility Services LLC | Construction Contractors | $4,487,390 |
| M&w Power Group LLC | Construction - Tree Trimming Contractors | $1,701,153 |
| Lonestate Fiber Construction LLC | Fiber Construction Contractors | $1,131,566 |
| Northeast Service Inc Horton Tree Servi | Tree Trimming Contractors | $568,982 |
| Flint Construction LLC | Construction Contractors | $548,369 |
Grants made · $10K in FY2024
1 grant totaling $10K in FY2024. All grants made by Taylor Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Wylie Independent School District | Provided food to teachers, administrators, and staff during in-service. | $10,350 |
Frequently asked questions
- Is Taylor Electric Cooperative Inc a legitimate nonprofit?
- Yes. Taylor Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 75-0597925, based in Merkel, Texas.
- What is Taylor Electric Cooperative Inc's EIN?
- Taylor Electric Cooperative Inc's Employer Identification Number (EIN) is 75-0597925.
- How much revenue does Taylor Electric Cooperative Inc report?
- Taylor Electric Cooperative Inc reported $70,702,395 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Taylor Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Taylor Electric Cooperative Inc's latest Form 990 is $344,884, paid to Ryan Bartlett (President/chief Executive Officer).
More nonprofits in Merkel
Explore more
Data for Taylor Electric Cooperative Inc (EIN 75-0597925) 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.