Tri-county Electric Cooperative Inc
501(c)(12)
Strong reserves Growing revenue
Tri-county Electric Cooperative Inc is a 501(c)(12) organization based in Azle, Texas, registered in 1941, with $415,363,993 in FY2024 revenue.
600 Northwest Pkwy, Azle, TX, 76020 EIN 75-0619960 Since 1941
Revenue (FY2024)
$415.4M
▼ 8.5% vs prior year
Expenses (FY2024)
$415.4M
Net assets
$465.4M
Employees
345
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 Tri-county 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 rating13 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: 13 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 Tri-county 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 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 grew from $226.5M (FY2013) to $415.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1BNet assets $465.4M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$1.1B
Net assets
$465.4M
Salaries & benefits
$3.2M
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $415,363,993▼8.5% | $415,363,993▼8.6% | $465,412,734▲5.9% | $1,521,595,570▲4.6% | 990 |
| 2023 | $454,006,532▲4.2% | $454,255,140▲4.3% | $439,471,401▲4.0% | $1,454,349,365▲6.8% | 990 |
| 2022 | $435,689,159▲41.2% | $435,340,285▲38.9% | $422,402,472▲2.0% | $1,361,410,167▲84.7% | 990 |
| 2021 | $308,529,771▲16.9% | $313,479,080▲22.0% | $414,015,955▲6.2% | $737,055,460▲11.8% | 990 |
| 2020 | $263,901,706▼1.8% | $257,019,690▼0.9% | $389,987,195▼0.4% | $659,063,840▲10.4% | 990 |
| 2019 | $268,674,913▲1.5% | $259,294,629▼1.4% | $391,634,235▲1.4% | $596,876,863▲0.8% | 990 |
| 2018 | $264,593,606▲9.4% | $262,985,686▲10.4% | $386,230,687▲5.1% | $592,067,181▲3.9% | 990 |
| 2017 | $241,845,657▲8.6% | $238,169,459▲7.3% | $367,378,575▲5.3% | $569,784,272▲1.5% | 990 |
| 2016 | $222,732,644▼7.3% | $221,873,950▼7.6% | $349,000,904▲6.9% | $561,257,074▲2.7% | 990 |
| 2015 | $240,165,801▼11.5% | $240,165,801▼11.5% | $326,567,659▲2.6% | $546,517,792▲0.9% | 990 |
| 2014 | $271,283,168▲19.8% | $271,283,168▲19.8% | $318,159,466▲10.8% | $541,438,577▲6.7% | 990 |
| 2013 | $226,460,403 | $226,460,403▲7.1% | $287,162,733▲8.4% | $507,242,824▲4.4% | 990 |
| 2012 | — | $211,521,967▼11.5% | $264,951,269▲8.3% | $485,813,951▲1.5% | 990 |
| 2011 | — | $239,019,683▲13.2% | $244,646,221▲11.2% | $478,624,994▲3.9% | 990 |
| 2010 | — | $211,133,226 | $220,068,571 | $460,820,554 | 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: Scott Spence — $493,771 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Scott Spence | President & Ceo | 61 | $493,771 |
| Wesley Scheets | Coo & Vp of Operations | 40 | $303,219 |
| Melissa Watts | Cfo & Vp of Finance (thru 6/24) | 40 | $300,087 |
| Andrea Mccleese | Senior Vp, Engagement & Solutions | 57 | $247,389 |
| Kevin Helton | Line Superintendent | 45 | $235,552 |
| Joel Pence | Line Superintendent | 45 | $226,122 |
| Dustin Tidball | Cfo & Vp, Finance | 50 | $222,588 |
| Carl Herridge | Line Superintendent | 45 | $217,238 |
| Derek Bissette | Right of Way Manager | 45 | $216,851 |
| Janet Rehberg | Cso & Vp of Engineering (thru 8/24) | 40 | $215,288 |
| Jonathan Douglass | Director of It & Cybersecurity | 45 | $215,282 |
| Melony Block | Vp, Human Resources & Safety | 52 | $213,863 |
| Brad Noack | Vp, Operations | 50 | $192,714 |
| Jennifer Goss | Former Cto & Vp of Technology | 40 | $165,000 |
| Tommy Higginbotham | Vp, Information Technology | 50 | $129,256 |
| Margaret Koprek Treasurer | & Secretary (thru 11/24), Director | 19.8 | $43,720 |
| John Killough | Vice Chair (thru 11/24) | 5.4 | $43,120 |
| Max Waddell | Chair (thru 11/24), Director | 5.2 | $43,120 |
| Steve Harris | Director | 6 | $42,520 |
| David Miller | Chair | 6.3 | $41,720 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Revolution Power LLC | Construction | $8,203,481 |
| Burns & Mcdonnell Engineering Company In | Construction/engineering | $6,945,166 |
| Primoris T&d Services LLC | Construction | $6,060,708 |
| Parish Utilities LLC | Construction | $5,346,079 |
| Texas State Utilities Inc | Construction | $4,007,053 |
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 75-0619960, based in Azle, Texas.
- What is Tri-county Electric Cooperative Inc's EIN?
- Tri-county Electric Cooperative Inc's Employer Identification Number (EIN) is 75-0619960.
- How much revenue does Tri-county Electric Cooperative Inc report?
- Tri-county Electric Cooperative Inc reported $415,363,993 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- 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 $493,771, paid to Scott Spence (President & Ceo).
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Data for Tri-county Electric Cooperative Inc (EIN 75-0619960) 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.