Tri-County Electric Cooperative Inc

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

EIN: 730539914 ✦ Hooker, OK ✦ Designated as a 501(c)(12)

Overview

What is Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc is a nonprofit organization based in the town of Hooker, Oklahoma. With a team of 104 employees, they are dedicated to providing quality and reliable electric service to their cooperative members. At the end of the year, they served 22,838 active accounts, offering electricity on a cooperative basis through the allocation of patronage capital. Their mission is to enhance the quality of life for all member-owners by supplying them with safe and affordable electrical service.


Official website here: www.tri-countyelectric.coop

Is Tri-County Electric Cooperative Inc legitimate?

Tri-County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-County Electric Cooperative 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,623,544

For more financial information, click here


Official website here: www.tri-countyelectric.coop

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

Tri-County Electric Cooperative Inc is committed to delivering quality and reliable electric service to its member-owners. The cooperative's mission is to ensure the provision of safe and dependable electrical energy at the most practical prices. The members, who own and control the cooperative, take pride in enhancing the quality of life for all members. The cooperative provided electricity to 22,838 active services through a cooperative basis, utilizing patronage capital allocation.


Official website here: www.tri-countyelectric.coop

Who is the CEO of Tri-County Electric Cooperative Inc?

Zachary Perkins is the Trustee of Tri-County Electric Cooperative Inc. The CEO's salary of Tri-County Electric Cooperative Inc is $306,388 and their total compensation is $387,775.


Official website here: www.tri-countyelectric.coop

What is the revenue of Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc's revenue in 2022 was $111,738,263.


Official website here: www.tri-countyelectric.coop

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

The average compensation at Tri-County Electric Cooperative Inc during 2022 was $63,688. There are 104 employees at Tri-County Electric Cooperative Inc.

Here are 16 key members and their salaries (Tri-County Electric Cooperative Inc's CEO's salary is $306,388 and their total compensation is $387,775):

    Zachary Perkins (Chief Executive Officer)
  • Compensation: $306,388
  • Related: $0
  • Other: $81,387

    • Lyle Mathis (Chief Operations Officer)
  • Compensation: $208,161
  • Related: $0
  • Other: $104,026

    • Chris Purdy (Assistant General Manager)
  • Compensation: $201,863
  • Related: $0
  • Other: $48,350

    • Ricky Wayman (Project Manager)
  • Compensation: $159,936
  • Related: $0
  • Other: $86,385

    • Michael Davis (Chief Administrative Offic)
  • Compensation: $200,965
  • Related: $0
  • Other: $41,515

    • Chris Giles (Regulatory Policy & Compli)
  • Compensation: $190,578
  • Related: $0
  • Other: $51,085

    • John Collier (Chief Finance Officer)
  • Compensation: $201,128
  • Related: $0
  • Other: $37,426

    • Ronny White (Vice President) [Trustee/Director]
  • Compensation: $34,896
  • Related: $0
  • Other: $0

    • Larry Dunn (Trustee)
  • Compensation: $31,532
  • Related: $0
  • Other: $0

    • Richard Radcliff (Trustee)
  • Compensation: $29,932
  • Related: $0
  • Other: $0

    • Beau Rapp (Trustee)
  • Compensation: $29,282
  • Related: $0
  • Other: $0

    • Shawn Martinez (President) [Trustee/Director]
  • Compensation: $29,282
  • Related: $0
  • Other: $0

    • Kyle Hawkins (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $29,282
  • Related: $0
  • Other: $0

    • Randy Schreiner (Trustee)
  • Compensation: $29,034
  • Related: $0
  • Other: $0

    • Marvin Headrick (Trustee)
  • Compensation: $29,032
  • Related: $0
  • Other: $0

    • Gayla James (Trustee)
  • Compensation: $29,032
  • Related: $0
  • Other: $0


  • Official website here: www.tri-countyelectric.coop

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

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


    Official website here: www.tri-countyelectric.coop

    Learn more at the official website: www.tri-countyelectric.coop

    Mission Statement of Tri-County Electric Cooperative Inc

    Tri-County Electric Cooperative Inc, a member-owned organization, is committed to providing quality and reliable electric service to its cooperative members. With a dedication to ensuring the safety and dependability of electrical service, the cooperative strives to deliver electricity to its members at the most practical and affordable price. The cooperative takes pride in its member-controlled structure, with the belief that those they serve are essential to their success and mission. Tri-County Electric Cooperative Inc aims to enhance the quality of life for all its member-owners by delivering the essential energy they need to power their homes and businesses. During the previous year, the cooperative was able to provide 22,838 active services to its members, offering them electricity through the cooperative's patronage capital allocation.

    Impact

    This information is meant to be a general summary of Tri-County Electric Cooperative Inc. 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 Inc plays a crucial role in providing quality and reliable electric service to its members in Hooker, Oklahoma. With a focus on ensuring the safety and affordability of electrical service, the cooperative manages to serve a significant number of active services, totaling 22,838 members. By operating on a cooperative basis and allocating patronage capital, Tri-County Electric Cooperative Inc not only delivers electricity but also empowers its member-owners by being owned and controlled by them. This commitment to enhancing the quality of life for all member-owners highlights the impactful role that Tri-County Electric Cooperative Inc plays in its community.





    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: $354,247
  • Program Service Revenue: $111,281,597
  • Gross Receipts: $111,871,497

    • Assets and Liabilities:
  • Total Assets: $350,241,237
  • Total Liabilities: $250,702,494
  • Net Assets: $99,538,743
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $108,410,441

    CAPITAL CREDITS

    Revenue

    $2,871,156

    Organization Details

    Founding Year

    1945

    Principal Officer

    Zachary Perkins

    Main Address

    PO BOX 880, HOOKER, OK, 739450880

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Tri-County Electric Cooperative Inc 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.