Wise Electric Cooperative Incorporated
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Wise Electric Cooperative Incorporated is a 501(c)(12) organization based in Decatur, Texas, registered in 1940, with $98,357,880 in FY2024 revenue. CharityIndex grades it A.
Po Box 269, Decatur, TX, 76234 EIN 75-0665517 Since 1940
Revenue (FY2024)
$98.4M
▼ 5.8% vs prior year
Expenses (FY2024)
$98.1M
Net assets
$90.7M
Employees
75
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 Wise Electric Cooperative Incorporated— 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 rating11 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 Wise Electric Cooperative Incorporated: 11 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 Wise Electric Cooperative Incorporated: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Wise Electric Cooperative Incorporated: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide electric service to members at cost on a cooperative basis.
Contact & location
Financial trends
Revenue grew from $63.8M (FY2013) to $98.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $102.6MNet assets $90.7M
Operating margin
0.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$193.3M
Total liabilities
$102.6M
Net assets
$90.7M
Salaries & benefits
$6.0M
6% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $98,357,880▼5.8% | $98,106,960▼5.4% | $90,738,651▲3.7% | $193,302,486▲2.0% | 990 |
| 2023 | $104,424,415▲15.1% | $103,675,003▲14.4% | $87,461,765▲7.0% | $189,572,009▲7.0% | 990 |
| 2022 | $90,702,449▲38.2% | $90,593,912▲38.0% | $81,765,507▲0.8% | $177,121,572▲8.5% | 990 |
| 2021 | $65,642,118▲3.6% | $65,647,571▲3.8% | $81,118,992▲2.4% | $163,246,388▲2.0% | 990 |
| 2020 | $63,362,803▼5.4% | $63,235,488▼5.3% | $79,245,119▲4.3% | $160,084,668▲4.1% | 990 |
| 2019 | $66,973,312 | $66,769,155▼0.1% | $75,955,531▲3.5% | $153,850,799▲3.5% | 990 |
| 2018 | $66,988,166▲6.9% | $66,845,562▲7.0% | $73,358,877▲4.8% | $148,665,593▲5.2% | 990 |
| 2017 | $62,651,581▲8.5% | $62,494,114▲9.0% | $70,016,550▲3.3% | $141,300,205▼0.2% | 990 |
| 2016 | $57,762,733▼5.7% | $57,337,333▼6.1% | $67,790,726▲4.5% | $141,545,080▲7.2% | 990 |
| 2015 | $61,255,715▼12.2% | $61,089,435▼12.4% | $64,856,257▲2.2% | $131,989,772▲2.8% | 990 |
| 2014 | $69,745,311▲9.3% | $69,744,361▲10.6% | $63,468,247▲4.3% | $128,407,702▲3.9% | 990 |
| 2013 | $63,820,119 | $63,084,537▲4.7% | $60,850,339▲18.5% | $123,569,513▲8.7% | 990 |
| 2012 | — | $60,280,916▲5.1% | $51,330,547▲12.6% | $113,726,132▲6.3% | 990 |
| 2011 | — | $57,331,001▼4.1% | $45,596,494▲14.0% | $106,991,205▲3.5% | 990 |
| 2010 | — | $59,779,972 | $40,001,546 | $103,333,879 | 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: Rayce Cantwell — $264,853 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Rayce Cantwell | General Manager | 50 | $264,853 |
| Kelly Myers | Assistant General Manager | 45 | $228,434 |
| Anna Wallace | Manager of It | 60 | $178,529 |
| Russell King | Line Superintendent | 60 | $176,847 |
| Chris Walsh | Operations Eng/whs Manager | 40 | $171,016 |
| Bryan Shriver | Member Services Manager | 40 | $151,814 |
| Christopher Martinez | Risk & Compliance Manager | 45 | $127,352 |
| Chuck Peace | Line Foreman | 40 | $115,655 |
| Doug Long | Line Foreman | 40 | $114,796 |
| Bryson Gentry | Director | 5 | $49,678 |
| Glenn Hughes | Director | 4.5 | $47,843 |
| Audie Morris | President | 8.1 | $43,406 |
| Bruce Nivens | Director | 3.9 | $43,045 |
| Russell Morgan | Director | 3.1 | $42,385 |
| Tom Robinson | Vice President | 4 | $41,739 |
| Allen Heugatter | Secretary/treasurer | 3.6 | $36,063 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Fx5 Construction & Excavation Inc | Construction | $3,392,734 |
| Northeast Services DBA Horton Tree Servi | Tree Trimming | $2,124,598 |
| Higgs Electric Ltd | Construction | $745,898 |
| Prince Computing Corporation | It & Server Maintenance | $401,420 |
| Interconnect Utility Services | Construction | $379,703 |
Grants made · $6,750 in FY2020
1 grant totaling $6,750 in FY2020. All grants made by Wise Electric Cooperative Incorporated →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Wise County | United way annual meeting sponsorship and golf tournament lunch sponsorship | $6,750 |
Frequently asked questions
- Is Wise Electric Cooperative Incorporated a legitimate nonprofit?
- Yes. Wise Electric Cooperative Incorporated is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 75-0665517, based in Decatur, Texas.
- What is Wise Electric Cooperative Incorporated's EIN?
- Wise Electric Cooperative Incorporated's Employer Identification Number (EIN) is 75-0665517.
- How much revenue does Wise Electric Cooperative Incorporated report?
- Wise Electric Cooperative Incorporated reported $98,357,880 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Wise Electric Cooperative Incorporated have?
- CharityIndex grades Wise Electric Cooperative Incorporated A, based on financial health (reserves and operating margin).
- How much does Wise Electric Cooperative Incorporated's highest-paid employee make?
- The highest reported compensation on Wise Electric Cooperative Incorporated's latest Form 990 is $264,853, paid to Rayce Cantwell (General Manager).
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Data for Wise Electric Cooperative Incorporated (EIN 75-0665517) 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.