Harmon Electric Association Inc

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

EIN: 730274135 ✦ Hollis, OK ✦ Designated as a 501(c)(12)

Overview

What is Harmon Electric Association Inc?

Harmon Electric Association Inc, based on the provided information, is a cooperative dedicated to delivering top-notch electric service to its members. The organization's mission lies in providing reliable and quality electric service, ensuring affordability, and fostering an environment of teamwork and integrity. The cooperative's employees prioritize customer service, ensuring the highest degree of reliability and professionalism in their endeavors. The core responsibility of Harmon Electric Association Inc is to serve its members with unwavering commitment and a focus on excellence.


Official website here: www.harmonelectric.com

Is Harmon Electric Association Inc legitimate?

Harmon Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Harmon Electric Association Inc 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: $295,372
Professional Fundraising Fees: $0
Other Salaries and Wages: $958,087

For more financial information, click here


Official website here: www.harmonelectric.com

What is the mission statement of Harmon Electric Association Inc?

Harmon Electric Association Inc is committed to delivering top-notch electric service to its cooperative members. The organization places a strong emphasis on quality and reliability, ensuring that its customers receive consistent and efficient power supply. In addition, Harmon Electric Association Inc strives for affordability, keeping rates competitive for its members. The cooperative values teamwork among its employees and maintains a high level of integrity in all its endeavors. Its ultimate goal is to provide the best possible electric service experience to its cooperative members.


Official website here: www.harmonelectric.com

Who is the CEO of Harmon Electric Association Inc?

Aaron Paxton is the Asst. Secretary/Treasurer of Harmon Electric Association Inc.


Official website here: www.harmonelectric.com

What is the revenue of Harmon Electric Association Inc?

Harmon Electric Association Inc's revenue in 2022 was $12,240,511.


Official website here: www.harmonelectric.com

Who are the executives of Harmon Electric Association Inc and what are their salaries?

The average compensation at Harmon Electric Association Inc during 2022 was $48,210. There are 26 employees at Harmon Electric Association Inc.

Here are 12 key members and their salaries:

    Aaron Paxton (General Manager)
  • Compensation: $183,181
  • Related: $0
  • Other: $85,791

    • Tommy Caswell (Operations Supervisor)
  • Compensation: $120,944
  • Related: $0
  • Other: $97,228

    • Monty Worthen (Manager Of Operations)
  • Compensation: $123,154
  • Related: $0
  • Other: $85,382

    • Lisa A Richard (Manager Admin & Finance)
  • Compensation: $112,937
  • Related: $0
  • Other: $95,184

    • Alexander Velasquez (Construction Foreman)
  • Compensation: $111,624
  • Related: $0
  • Other: $68,004

    • James Conley (Asst. Secretary/Treasurer) [Trustee/Director]
  • Compensation: $6,050
  • Related: $0
  • Other: $0

    • James Reeves (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $5,950
  • Related: $0
  • Other: $0

    • Kathleen Faughn (Trustee (May-Dec))
  • Compensation: $4,100
  • Related: $0
  • Other: $0

    • Lee Sparkman (Vice President) [Trustee/Director]
  • Compensation: $3,450
  • Related: $0
  • Other: $0

    • Jean Pence (Trustee)
  • Compensation: $3,250
  • Related: $0
  • Other: $0

    • Burk Bullington (President) [Trustee/Director]
  • Compensation: $2,250
  • Related: $0
  • Other: $0

    • Braden Cunningham (Trustee)
  • Compensation: $1,350
  • Related: $0
  • Other: $0


  • Official website here: www.harmonelectric.com

    Where can I find the form 990 for Harmon Electric Association Inc?

    The Harmon Electric Association Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.harmonelectric.com

    Learn more at the official website: www.harmonelectric.com

    Mission Statement of Harmon Electric Association Inc

    Harmon Electric Association Inc, a cooperative dedicated to providing quality and reliable electric service, is committed to delivering excellent customer experiences. Their mission is twofold: first, to ensure top-notch Electric service reliability for their members, and second, to offer affordable rates that cater to various budgets.

    The Harmon Electric Association Inc team prioritizes employee teamwork and integrity in all their endeavors. By fostering a collaborative work environment, they aim to provide innovative solutions and maintain a high level of professionalism. This commitment to their members and employees is reflected in their unwavering dedication to providing quality Electric service.

    Established on the principles of providing excellent customer service, Harmon Electric Association Inc goes above and beyond to meet the needs of their members. Their focus on affordability, reliability, and integrity creates a cooperative culture where teamwork and the highest ethical standards are essential components of their mission. By delivering on these promises, Harmon Electric Association Inc continues to build trust and strong relationships with their members.

    Impact

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




    Thursday, August 15, 2024

    Harmon Electric Association Inc is making a significant impact by providing quality and reliable electric service to its members in Hollis, Oklahoma. Through its commitment to excellent and innovative customer service, the cooperative ensures top-quality electric service reliability, affordable rates, employee teamwork, and the highest degree of integrity in all endeavors. By fulfilling its mission to provide reliable electricity to its members, Harmon Electric Association Inc is enhancing the quality of life, supporting economic development, and contributing positively to the community as a whole.





    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: $49,848
  • Program Service Revenue: $12,013,263
  • Gross Receipts: $12,259,989

    • Assets and Liabilities:
  • Total Assets: $39,915,847
  • Total Liabilities: $30,717,481
  • Net Assets: $9,198,366
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $11,760,616

    PATRONAGE DIVIDENDS

    Revenue

    $210,282

    SERVICE FEES

    Revenue

    $38,866

    POLE ATTACHMENT INCOM

    Revenue

    $3,499

    Organization Details

    Founding Year

    1938

    Principal Officer

    Aaron Paxton

    Main Address

    114 N FIRST, HOLLIS, OK, 73550

    NTEE Category

    Code: W80 - Public benefit

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