Overview
What is Trinity Valley Electric Cooperative Inc?
Trinity Valley Electric Cooperative Inc, based in Kaufman, Texas, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. They allocate patronage capital and had 83,220 active services at the end of the year. Their mission is to deliver safe and reliable electric power at a competitive price. The cooperative aims to offer quality electric service to its members on cooperative terms. With a team of 204 employees, Trinity Valley Electric Cooperative Inc is committed to ensuring that its members receive their electric needs efficiently and effectively.
Official website here: www.tvec.net
Is Trinity Valley Electric Cooperative Inc legitimate?
Trinity Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Trinity Valley 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: $3,148,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,749,995
For more financial information, click here
Official website here: www.tvec.net
What is the mission statement of Trinity Valley Electric Cooperative Inc?
Trinity Valley Electric Cooperative Inc is dedicated to delivering safe and dependable electric power to its members at a competitive price. The cooperative's commitment goes beyond just providing electricity; it aims to offer this essential service on a cooperative basis. This includes the allocation of patronage capital to its members. With 83,220 active services at the end of the year, the cooperative served a substantial number of households and businesses. Its mission is focused on ensuring a steady electricity supply for the communities it serves.
Official website here: www.tvec.net
Who is the CEO of Trinity Valley Electric Cooperative Inc?
Jeffrey L Lane is the Principal Officer of Trinity Valley Electric Cooperative Inc. The CEO's salary of Trinity Valley Electric Cooperative Inc is $315,385 and their total compensation is $546,621.
Official website here: www.tvec.net
What is the revenue of Trinity Valley Electric Cooperative Inc?
Trinity Valley Electric Cooperative Inc's revenue in 2022 was $236,177,875.
Official website here: www.tvec.net
Who are the executives of Trinity Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Trinity Valley Electric Cooperative Inc during 2022 was $58,328. There are 204 employees at Trinity Valley Electric Cooperative Inc.
Here are 23 key members and their salaries (Trinity Valley Electric Cooperative Inc's CEO's salary is $315,385 and their total compensation is $546,621):
- Jeffrey Lane (Ceo/General Manager)
- Thomas Watson (Coo/Asst. General Manager)
- Rodney Wesley (Director Of Engineering/Operations)
- Gary Sherrard (Manager Of Sub/Trans)
- Thomas Durden (Manager Of Operations)
- Phillip Harrison (Manager Of Operations)
- Scott Stewart (Crew Foreman)
- Donna Hindman (Director Of Corp Services)
- Raymond Choyce (Journeyman)
- Timothy Craig (Manager Of Engineering)
- Andrew Smith (Crew Foreman)
- Robert White (Cfo)
- Bobbi Byford (Director Of Corp Relations)
- John Jackson (Operations Supervisor)
- Hector Zarate (1St Class Lineman)
- Paul Weatherford (Director)
- Jerry Priest (Director (Jan-June))
- Howard Tillison (Chairman) [Trustee/Director]
- Carolyn Minor (Vice Chairman) [Trustee/Director]
- Jo Ann Hanstrom (Secretary) [Trustee/Director]
- Edward Reeve (Director)
- Jack Endres (Director)
- Jeff Priest (Director (July-Dec))
Official website here: www.tvec.net
Where can I find the form 990 for Trinity Valley Electric Cooperative Inc?
The Trinity Valley Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.tvec.net
Learn more at the official website: www.tvec.net
Mission Statement of Trinity Valley Electric Cooperative Inc
Trinity Valley Electric Cooperative Inc, a dedicated electric service provider, is committed to delivering safe and reliable power to its members at a competitive price. The cooperative's primary objective is to allocate patronage capital to ensure the provision of quality electric energy on a cooperative basis. With 83,220 active services at year end, Trinity Valley Electric Cooperative Inc continues to prioritize the electrical needs of its members, offering them electric energy that they can trust.
Trinity Valley Electric Cooperative Inc stands apart from other power providers by focusing on the cooperative model. This means that the organization operates for the benefit of its members, with the ultimate goal of ensuring affordable and dependable electric service. The cooperative's commitment to quality extends beyond the power it delivers, as it strives to maintain a strong and efficient electrical infrastructure. This commitment to excellence allows Trinity Valley Electric Cooperative Inc to provide its members with the power they need to power their homes and businesses, contributing to their overall well-being and quality of life.
Impact
This information is meant to be a general summary of Trinity Valley 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
Trinity Valley Electric Cooperative Inc's impact lies in providing quality and reliable electric service to its members at cost on a cooperative basis. By delivering safe and reliable electric power at a competitive price, Trinity Valley Electric Cooperative Inc contributes to the well-being and development of the community it serves in Kaufman, TX. With 83,220 active services at year end, the cooperative plays a crucial role in ensuring access to essential electricity services for its members.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$224,459,363
PATRONAGE DIVIDENDS
Revenue
$7,605,850
SERVICE FEES
Revenue
$1,349,098
TRANSMISSION WHEELING
Revenue
$792,112
Organization Details
Founding Year
1997
Phone
(972) 932-2214
Principal Officer
Jeffrey L Lane
Main Address
PO BOX 888, KAUFMAN, TX, 75142
Website
www.tvec.net
NTEE Category
Code: W80 - Public benefit
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