Wood County Electric Cooperative
501(c)(12)
Strong reserves Growing revenue
Wood County Electric Cooperative is a 501(c)(12) organization based in Quitman, Texas, registered in 1942, with $94,472,029 in FY2023 revenue.
Po Box 1827, Quitman, TX, 75783 EIN 75-0667075 Since 1942
Revenue (FY2023)
$94.5M
▼ 9.4% vs prior year
Expenses (FY2023)
$94.5M
Net assets
$112.2M
Employees
109
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 Wood County Electric Cooperative— 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 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 Wood County Electric Cooperative: 14 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 Wood County Electric Cooperative: 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 Wood County Electric Cooperative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provided electric service to an average of 40,770 meters during the year on a cooperative basis at the lowest cost consistent with sound business principles.
Contact & location
Financial trends
Revenue grew from $73.5M (FY2013) to $94.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $116.5MNet assets $112.2M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$228.6M
Total liabilities
$116.5M
Net assets
$112.2M
Salaries & benefits
$1.9M
2% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $94,472,029▼9.4% | $94,472,029▼9.4% | $112,185,900▲4.2% | $228,644,672▲1.2% | 990 |
| 2022 | $104,258,547▲18.6% | $104,258,547▲18.6% | $107,641,367▲6.6% | $225,832,514▲5.0% | 990 |
| 2021 | $87,928,096▲21.7% | $87,928,096▲21.7% | $100,972,581▲7.0% | $215,165,812▲7.3% | 990 |
| 2020 | $72,265,414▼5.3% | $72,265,414▼5.3% | $94,369,569▲4.3% | $200,476,159▲1.3% | 990 |
| 2019 | $76,292,525▼3.8% | $76,292,525▼3.8% | $90,475,928▲3.8% | $197,862,249▲1.3% | 990 |
| 2018 | $79,288,545▲13.7% | $79,288,545▲13.7% | $87,195,308▲4.3% | $195,376,672▲1.3% | 990 |
| 2017 | $69,746,674▼1.3% | $69,746,674▼1.3% | $83,620,412▲2.1% | $192,923,972▲2.0% | 990 |
| 2016 | $70,693,768▼3.2% | $70,693,768▼3.2% | $81,890,981▲1.4% | $189,075,685▲5.5% | 990 |
| 2015 | $73,025,369▼5.9% | $73,025,369▼5.9% | $80,726,401▲2.8% | $179,295,527▲2.2% | 990 |
| 2014 | $77,624,192▲5.5% | $77,624,192▲5.5% | $78,515,262▲10.2% | $175,445,033▲3.9% | 990 |
| 2013 | $73,547,238 | $73,547,238▲13.0% | $71,243,842▲4.3% | $168,887,049▲3.6% | 990 |
| 2012 | — | $65,077,444▼6.0% | $68,317,347▲10.3% | $163,011,048▲7.0% | 990 |
| 2011 | — | $69,236,506▲15.2% | $61,917,359▲6.8% | $152,285,851▲4.7% | 990 |
| 2010 | — | $60,091,849 | $57,949,522 | $145,393,524 | 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 (FY2023)
Highest-paid: Trey Teaff — $205,469 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Trey Teaff | General Manager/ceo | 42.76 | $205,469 |
| Ch Campbell | Chief Operating Officer | 40 | $181,952 |
| Steve Gillean | Serviceman | 47.77 | $114,547 |
| Lance Shirley | Construction Foreman | 44.88 | $110,756 |
| Daniel Williams | Contruction Foreman | 48.46 | $109,242 |
| Nelson Reneau | Serviceman | 48.01 | $106,840 |
| Diana Hall | Director of Human Resources | 46.44 | $106,621 |
| Summer Coleman | Director of Accounting | 41.41 | $101,894 |
| Cathy Roberts | Director | 4.1 | $31,104 |
| Brent Glenn | Secretary/treasurer | 1 | $29,770 |
| Mark Sustaire | Vice President | 2.7 | $11,137 |
| Kenneth Langley | President | 4.2 | $11,103 |
| Jane Roberson | Director-outgoing | 2.2 | $9,577 |
| Freddie Ray Jones | Director | 1.2 | $9,469 |
| Kim Galyean | Director | 1.4 | $7,504 |
| Shane Mitchell | Director-incoming | 0.6 | $3,153 |
| Burke M Bullock | Director-outgoing | 3 | $2,174 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Rei Utility Services | Utility Pole Contacts & Upgrades | $4,047,864 |
| Northeast Texas Power Inc | Distribution Line Construction | $2,371,038 |
| Harris Line Service Co | Right of Way Maintenance | $1,370,546 |
| Roest Construction | Underground Boring | $804,253 |
| Texar Tree and Timber LLC | Right of Way Maintenance | $688,700 |
Frequently asked questions
- Is Wood County Electric Cooperative a legitimate nonprofit?
- Yes. Wood County Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 75-0667075, based in Quitman, Texas.
- What is Wood County Electric Cooperative's EIN?
- Wood County Electric Cooperative's Employer Identification Number (EIN) is 75-0667075.
- How much revenue does Wood County Electric Cooperative report?
- Wood County Electric Cooperative reported $94,472,029 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Wood County Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Wood County Electric Cooperative's latest Form 990 is $205,469, paid to Trey Teaff (General Manager/ceo).
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Data for Wood County Electric Cooperative (EIN 75-0667075) 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.