Hamilton County Electric Cooperative Association

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

EIN: 740667584 ✦ Hamilton, TX ✦ Designated as a 501(c)(12)

Overview

What is Hamilton County Electric Cooperative Association?

The Hamilton County Electric Cooperative Association, based in Hamilton, Texas, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. With 19,936 active services at year end, the association allocates patronage capital to ensure quality and reliable electric service. Their mission is to offer safe, dependable, high-quality electric service to members at an affordable price, striving to control costs and maintain reasonable rates. The cooperative aims to make a positive impact on the lives of its members through leadership and service. Employing a team of 45 individuals, they serve their community in Texas.


Official website here: www.hamiltonelectric.coop

Is Hamilton County Electric Cooperative Association legitimate?

Hamilton County Electric Cooperative Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Hamilton County Electric Cooperative Association 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: $339,397
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,629,677

For more financial information, click here


Official website here: www.hamiltonelectric.coop

What is the mission statement of Hamilton County Electric Cooperative Association?

The Hamilton County Electric Cooperative Association is dedicated to delivering safe and reliable electric service to its members. Their mission is to provide quality electric service at an affordable price, focusing on cost control to ensure rates remain low for the future. The cooperative strives to make a positive impact on the lives of those it serves, offering leadership in addition to electricity.


Official website here: www.hamiltonelectric.coop

Who is the CEO of Hamilton County Electric Cooperative Association?

Cody Lasater is the Director of Hamilton County Electric Cooperative Association.


Official website here: www.hamiltonelectric.coop

What is the revenue of Hamilton County Electric Cooperative Association?

Hamilton County Electric Cooperative Association's revenue in 2022 was $42,983,209.


Official website here: www.hamiltonelectric.coop

Who are the executives of Hamilton County Electric Cooperative Association and what are their salaries?

The average compensation at Hamilton County Electric Cooperative Association during 2022 was $43,757. There are 45 employees at Hamilton County Electric Cooperative Association.

Here are 13 key members and their salaries:

    Justin S Wilson (Manager Of Operations)
  • Compensation: $139,311
  • Related: $0
  • Other: $181,915

    • James Cody Lasater (General Manager)
  • Compensation: $166,344
  • Related: $0
  • Other: $120,620

    • James G Belcher (Construction Foreman)
  • Compensation: $116,281
  • Related: $0
  • Other: $114,175

    • Randall Denning (Service Foreman)
  • Compensation: $131,769
  • Related: $0
  • Other: $91,990

    • James Horton (Service Foreman)
  • Compensation: $122,386
  • Related: $0
  • Other: $65,871

    • Brian Geeslin (Manager Of Engineering)
  • Compensation: $135,912
  • Related: $0
  • Other: $49,259

    • Robert Straley (President) [Trustee/Director]
  • Compensation: $8,789
  • Related: $0
  • Other: $0

    • Brandon Haile (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $7,835
  • Related: $0
  • Other: $0

    • Jack Caldwell (Director)
  • Compensation: $7,470
  • Related: $0
  • Other: $0

    • Ervin Koerth (Director)
  • Compensation: $7,424
  • Related: $0
  • Other: $0

    • Sam Campbell (Director)
  • Compensation: $7,265
  • Related: $0
  • Other: $0

    • John Priddy (Director)
  • Compensation: $6,900
  • Related: $0
  • Other: $0

    • Dustin Duncan (Vice President) [Trustee/Director]
  • Compensation: $6,750
  • Related: $0
  • Other: $0


  • Official website here: www.hamiltonelectric.coop

    Where can I find the form 990 for Hamilton County Electric Cooperative Association?

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


    Official website here: www.hamiltonelectric.coop

    Learn more at the official website: www.hamiltonelectric.coop

    Mission Statement of Hamilton County Electric Cooperative Association

    Hamilton County Electric Cooperative Association, a mission-driven organization, is committed to delivering safe, dependable, and high-quality electric service to its cooperative members at an affordable price. The Association's primary goal is to control costs and maintain reasonable rates for its members, ensuring a sustainable and cost-effective energy solution for the future.

    Beyond its core electric service, the Association also strives to provide leadership and positive influence in the lives of those it serves. By offering reliable power, the organization enables its members to lead more comfortable and efficient lives, enhancing their overall well-being. The Association's unwavering dedication to its mission reflects its commitment to fostering a strong and connected community, where members can thrive and prosper.

    Impact

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




    Thursday, August 15, 2024

    Hamilton County Electric Cooperative Association's impact lies in its provision of quality and reliable electric service to its members in a cooperative manner. With a mission to offer safe and affordable electric service, the cooperative plays a crucial role in ensuring that its members have access to essential energy resources. By effectively managing costs and rates, Hamilton County Electric Cooperative Association contributes to the economic well-being of its members and the community as a whole. Additionally, through its service and leadership initiatives, the cooperative aims to positively influence the lives of those it serves, further solidifying its impact on the region.





    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: $127,691
  • Program Service Revenue: $42,458,367
  • Gross Receipts: $42,996,042

    • Assets and Liabilities:
  • Total Assets: $97,291,590
  • Total Liabilities: $49,353,184
  • Net Assets: $47,938,406
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $42,034,606

    SERVICE FEES

    Revenue

    $228,182

    PATRONAGE DIVIDENDS

    Revenue

    $195,579

    Organization Details

    Founding Year

    1938

    Principal Officer

    Cody Lasater

    Main Address

    PO BOX 753, HAMILTON, TX, 76531

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Hamilton County Electric Cooperative Association 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.