Tri-County Electric Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 430556071 ✦ Lancaster, MO ✦ Designated as a 501(c)(12)

Overview

What is Tri-County Electric Cooperative?

Tri-County Electric Cooperative is a Missouri-based nonprofit organization, located in PO Box 159, Lancaster. With a workforce of 28 employees, they dedicate themselves to providing electric services to the member-owners of the cooperative. Beyond their core mission, Tri-County Electric Cooperative aims to improve the overall well-being of their members by fostering a favorable economic, political, social, and regulatory environment.


Official website here: www.tricountyelectric.org/

Is Tri-County Electric Cooperative legitimate?

Tri-County Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-County Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $388,049
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.tricountyelectric.org/

What is the mission statement of Tri-County Electric Cooperative?

Tri-County Electric Cooperative is dedicated to improving the lives of its member-owners. By fostering a favorable economic, political, social, and regulatory climate, the cooperative strives to create a positive environment for its community. Its primary mission is to provide reliable electric service to its members. Additionally, it aims to promote an atmosphere that supports its members' well-being and enhances their overall quality of life.


Official website here: www.tricountyelectric.org/

Who is the CEO of Tri-County Electric Cooperative?

Michael Scheib is the General Manager of Tri-County Electric Cooperative.


Official website here: www.tricountyelectric.org/

What is the revenue of Tri-County Electric Cooperative?

Tri-County Electric Cooperative's revenue in 2022 was $15,040,336.


Official website here: www.tricountyelectric.org/

Who are the executives of Tri-County Electric Cooperative and what are their salaries?

The average compensation at Tri-County Electric Cooperative during 2022 was $13,859. There are 28 employees at Tri-County Electric Cooperative.

Here are 16 key members and their salaries:

    Michael Scheib (General Manager)
  • Compensation: $142,936
  • Related: $0
  • Other: $56,671

    • Vance Frederick (Lead Lineman)
  • Compensation: $103,005
  • Related: $0
  • Other: $50,645

    • Larry Weaver (Line Superintendent)
  • Compensation: $104,811
  • Related: $0
  • Other: $45,124

    • Richard Shaw (Lead Lineman)
  • Compensation: $100,035
  • Related: $0
  • Other: $46,766

    • Doug Byrn (Lead Lineman)
  • Compensation: $103,000
  • Related: $0
  • Other: $40,497

    • Carla Mihalovich (Mgr Of Finance & Accountin)
  • Compensation: $95,035
  • Related: $0
  • Other: $43,565

    • Bodie Western (Journeyman Lineman)
  • Compensation: $103,321
  • Related: $0
  • Other: $26,619

    • Mark Vandolah (President) [Trustee/Director]
  • Compensation: $9,917
  • Related: $0
  • Other: $0

    • Karen Farnsworth (Director)
  • Compensation: $9,417
  • Related: $0
  • Other: $0

    • Joseph Sebolt (Director)
  • Compensation: $9,167
  • Related: $0
  • Other: $0

    • Harley Harrelson (Director)
  • Compensation: $8,917
  • Related: $0
  • Other: $0

    • Kelley Church (Secretary) [Trustee/Director]
  • Compensation: $7,667
  • Related: $0
  • Other: $0

    • William Triplett (Treasurer) [Trustee/Director]
  • Compensation: $6,917
  • Related: $0
  • Other: $0

    • Rusty Anders (Director)
  • Compensation: $6,417
  • Related: $0
  • Other: $0

    • Kenny Mcnamar (Vice-President) [Trustee/Director]
  • Compensation: $6,167
  • Related: $0
  • Other: $0

    • Doug Aylward (Director)
  • Compensation: $5,667
  • Related: $0
  • Other: $0


  • Official website here: www.tricountyelectric.org/

    Where can I find the form 990 for Tri-County Electric Cooperative?

    The Tri-County Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.tricountyelectric.org/

    Learn more at the official website: www.tricountyelectric.org/

    Mission Statement of Tri-County Electric Cooperative

    Tri-County Electric Cooperative, a dedicated organization, strives to elevate the living standards of its member-owners. By fostering a favorable economic, political, social, and regulatory environment, the cooperative aims to bring about positive change in the lives of those it serves. This mission is not just a statement, but a commitment to improving the overall well-being of the community.

    In simple terms, Tri-County Electric Cooperative sets out to create an atmosphere that benefits its members in various aspects. Economically, it advocates for conditions that support financial growth and stability. Politically, it engages in activities that safeguard the interests of its members within the larger societal framework. Socially, the cooperative fosters a sense of unity and belonging among its members. Regulatory-wise, it works towards creating a business climate that is conducive to the provision of efficient and reliable electric services.

    By promoting a positive environment in these areas, Tri-County Electric Cooperative ultimately works towards enhancing the quality of life of its member-owners. This is achieved through its primary function of providing electric service, ensuring that members have access to a essential utility that powers their homes and businesses. In doing so, the cooperative plays a vital role in contributing to the overall prosperity and well-being of the communities it serves.

    Impact

    This information is meant to be a general summary of Tri-County Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Tri-County Electric Cooperative's impact is significant in providing electric service to its member-owners in Lancaster, MO. By ensuring reliable and affordable access to electricity, Tri-County Electric Cooperative plays a crucial role in enhancing the quality of life for its members. This not only supports daily living activities but also fosters economic development in the community. The cooperative's presence contributes to a positive economic and social environment by meeting the energy needs of its members and promoting sustainability. Overall, Tri-County Electric Cooperative's impact is felt through its essential service provision and its commitment to supporting the well-being of its member-owners.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $23,826
  • Program Service Revenue: $14,982,331
  • Gross Receipts: $15,040,336

    • Assets and Liabilities:
  • Total Assets: $44,385,430
  • Total Liabilities: $25,119,725
  • Net Assets: $19,265,705
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Electric energy

    Revenue

    $14,487,513

    Capital Credits

    Revenue

    $399,399

    Other electric

    Revenue

    $95,419

    Organization Details

    Founding Year

    1940

    Principal Officer

    Michael Scheib

    Main Address

    PO Box 159, Lancaster, MO, 635480159

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Tri-County Electric Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.