Tri-county Electric Cooperative Inc
501(c)(12)
100% goes to programs Strong reserves
Tri-county Electric Cooperative Inc is a 501(c)(12) organization based in Hooker, Oklahoma, registered in 1955, with $103,833,770 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 880, Hooker, OK, 73945 EIN 73-0539914 Since 1955
Revenue (FY2024)
$103.8M
▼ 10.8% vs prior year
Expenses (FY2024)
$103.8M
Net assets
$119.7M
Employees
111
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 Tri-county Electric Cooperative Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 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 Tri-county Electric Cooperative Inc: 14 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 Tri-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 Tri-county Electric Cooperative Inc: 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.
Contact & location
Financial trends
Revenue held steady from $102.3M (FY2013) to $103.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $239.5MNet assets $119.7M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$359.2M
Total liabilities
$239.5M
Net assets
$119.7M
Salaries & benefits
$7.4M
7% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $103,833,770▼10.8% | $103,833,770▼10.8% | $119,712,940▲4.1% | $359,179,891▼0.5% | 990 |
| 2023 | $116,415,035▲4.2% | $116,415,034▲4.2% | $115,009,379▲15.5% | $360,987,800▲3.1% | 990 |
| 2022 | $111,738,263▲10.6% | $111,738,263▲10.6% | $99,538,743▲3.2% | $350,241,237▲9.0% | 990 |
| 2021 | $100,998,279▲1.3% | $100,998,281▲1.3% | $96,466,813▲1.8% | $321,398,945▲1.4% | 990 |
| 2020 | $99,727,160▲17.0% | $99,727,160▲17.0% | $94,787,577▲11.5% | $316,923,605▲0.9% | 990 |
| 2019 | $85,235,592▼13.1% | $85,235,592▼13.1% | $84,998,548▲3.1% | $314,155,261▲0.1% | 990 |
| 2018 | $98,028,479▲5.9% | $98,028,479▲5.9% | $82,412,459▲14.4% | $313,842,450▼1.1% | 990 |
| 2017 | $92,601,384▲11.5% | $92,601,384▲11.5% | $72,057,606▲5.3% | $317,321,210▲5.3% | 990 |
| 2016 | $83,023,588▼15.7% | $83,023,588▼15.7% | $68,453,453▼12.3% | $301,436,798▼6.4% | 990 |
| 2015 | $98,512,493▼6.0% | $98,512,493▼6.0% | $78,061,117▲0.1% | $321,910,496▲11.0% | 990 |
| 2014 | $104,836,380▲2.4% | $104,836,380▲2.4% | $77,973,693▲5.5% | $290,074,694▲24.1% | 990 |
| 2013 | $102,348,211 | $102,348,211▲29.8% | $73,912,563▲18.7% | $233,751,851▲11.1% | 990 |
| 2012 | — | $78,871,653 | $62,275,459 | $210,447,814 | 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: Zachary Perkins — $329,780 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Zachary Perkins | Chief Executive Officer | 40 | $329,780 |
| Chris Purdy | Assistant General Manager & Clo | 40 | $219,977 |
| Micah Davis | Vice President of Administrative Services | 40 | $206,277 |
| Lyle Mathis | Chief Operations Officer | 40 | $206,168 |
| Matt Taylor | Senior Manager of Operations | 40 | $161,998 |
| Ricky Wayman | Project Manager | 40 | $161,151 |
| Mandy Breedlove | Vice President of Information Technology | 40 | $156,690 |
| Kyle Osborn | Service Technician | 40 | $140,288 |
| Wade Morrison | Relay, Scada & Substation Manager | 40 | $139,619 |
| David Sheet | Service Technician | 40 | $136,146 |
| Portalles Sanchez | Senior Manager of Engineering | 40 | $129,885 |
| Tanya Dowell | Vice President of Finance & Cfo | 40 | $119,124 |
| Ronny White | Trustee | 5.44 | $31,321 |
| Beau Rapp | Trustee | 4.56 | $28,832 |
| Kyle Hawkins | Trustee | 2.17 | $28,832 |
| Marvin Headrick | Trustee | 3.37 | $28,832 |
| Richard Radcliff | President | 7.21 | $28,832 |
| Randy Schreiner | Trustee | 5.75 | $27,682 |
| Gayla James | Secretary | 4.92 | $26,432 |
| Shawn Martinez | Vice President | 12.35 | $25,382 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Anixter Power Solutions LLC | Materials Provider | $17,576,014 |
| Nextera Energy Capital Holdings | Purchased Power | $16,011,540 |
| Jcl Power LLC | Contractor | $7,033,140 |
| Enel Green Power Diamond Vista Wind Proj | Purchased Power | $3,882,044 |
| T and R Tower and Power LLC | Contractor | $2,269,610 |
Grants made · $31K in FY2024
2 grants totaling $31K in FY2024. All grants made by Tri-county Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Panhandle State Foundation | Funding of scholarships | $16,000 |
| Guymon Public Schools | General funding to support school activities | $15,000 |
Frequently asked questions
- Is Tri-county Electric Cooperative Inc a legitimate nonprofit?
- Yes. Tri-county Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 73-0539914, based in Hooker, Oklahoma.
- What is Tri-county Electric Cooperative Inc's EIN?
- Tri-county Electric Cooperative Inc's Employer Identification Number (EIN) is 73-0539914.
- How much revenue does Tri-county Electric Cooperative Inc report?
- Tri-county Electric Cooperative Inc reported $103,833,770 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Tri-county Electric Cooperative Inc's spending goes to programs?
- Tri-county Electric Cooperative Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Tri-county Electric Cooperative Inc have?
- CharityIndex grades Tri-county Electric Cooperative Inc A+, based on program efficiency and fundraising cost.
- How much does Tri-county Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Tri-county Electric Cooperative Inc's latest Form 990 is $329,780, paid to Zachary Perkins (Chief Executive Officer).
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Explore more
Data for Tri-county Electric Cooperative Inc (EIN 73-0539914) 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.