Tanner Electric Cooperative Inc

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

EIN: 910330490 ✦ North bend, WA ✦ Designated as a 501(c)(12)

Overview

What is Tanner Electric Cooperative Inc?

Tanner Electric Cooperative Inc, based in North Bend, Washington, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. With a workforce of 22 employees, they allocate patronage capital to deliver quality and reliable electric service at cost. Their mission encompasses providing sustainable electric power and related services to the communities they serve, ensuring safety and reliability. At the end of the year, they catered to 5,223 active services.


Official website here: www.tannerelectric.coop

Is Tanner Electric Cooperative Inc legitimate?

Tanner Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tanner 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: $939,641
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,092,988

For more financial information, click here


Official website here: www.tannerelectric.coop

What is the mission statement of Tanner Electric Cooperative Inc?

Tanner Electric Cooperative Inc is dedicated to delivering reliable and safe electric power to the communities it serves. The cooperative's primary mission is to provide quality electric service on a cooperative basis. Through this approach, they allocate patronage capital to ensure the provision of electric energy at cost. The organization prioritizes sustainability alongside the reliable delivery of electricity. With approximately 5,223 active services at the end of the year, Tanner Electric Cooperative continues to prioritize the needs of its members, ensuring they have access to essential electric power.


Official website here: www.tannerelectric.coop

Who is the CEO of Tanner Electric Cooperative Inc?

Steve Walter is the President of Tanner Electric Cooperative Inc. The CEO's salary of Tanner Electric Cooperative Inc is $254,452 and their total compensation is $445,725.


Official website here: www.tannerelectric.coop

What is the revenue of Tanner Electric Cooperative Inc?

Tanner Electric Cooperative Inc's revenue in 2022 was $13,148,895.


Official website here: www.tannerelectric.coop

Who are the executives of Tanner Electric Cooperative Inc and what are their salaries?

The average compensation at Tanner Electric Cooperative Inc during 2022 was $92,392. There are 22 employees at Tanner Electric Cooperative Inc.

Here are 18 key members and their salaries (Tanner Electric Cooperative Inc's CEO's salary is $254,452 and their total compensation is $445,725):

    Steve Walter (Ceo)
  • Compensation: $254,452
  • Related: $0
  • Other: $191,273

    • Nick Himebauch (Mgr Of Engineering & Operations)
  • Compensation: $165,607
  • Related: $0
  • Other: $87,759

    • Justin Isackson (Foreman)
  • Compensation: $163,445
  • Related: $0
  • Other: $59,470

    • Kye Refvem (Lineman)
  • Compensation: $184,325
  • Related: $0
  • Other: $32,767

    • Chad Lohrey (Lead Lineman)
  • Compensation: $173,657
  • Related: $0
  • Other: $31,436

    • Blaine Barnard (Lineman)
  • Compensation: $169,158
  • Related: $0
  • Other: $30,129

    • Kevin Burns (Director Of Finance)
  • Compensation: $146,808
  • Related: $0
  • Other: $49,267

    • Rory Walter (Lineman)
  • Compensation: $169,373
  • Related: $0
  • Other: $26,451

    • Michael Hodge (President) [Trustee/Director]
  • Compensation: $11,900
  • Related: $0
  • Other: $0

    • Carol Paschal (Treasurer) [Trustee/Director]
  • Compensation: $5,450
  • Related: $0
  • Other: $0

    • Paul Bay Jan-July (Treasurer) [Trustee/Director]
  • Compensation: $5,100
  • Related: $0
  • Other: $0

    • John Saatela (Director)
  • Compensation: $4,925
  • Related: $0
  • Other: $0

    • Roger Guay (Vice President) [Trustee/Director]
  • Compensation: $4,175
  • Related: $0
  • Other: $0

    • Susan Serrette-Egan (Secretary) [Trustee/Director]
  • Compensation: $4,100
  • Related: $0
  • Other: $0

    • Steve Nicholes (Director)
  • Compensation: $3,275
  • Related: $0
  • Other: $0

    • Dutch Siedentopf (Director)
  • Compensation: $2,400
  • Related: $0
  • Other: $0

    • David Mcgoldrick (Director)
  • Compensation: $2,350
  • Related: $0
  • Other: $0

    • Kristina Michael Aug-Dec (Director)
  • Compensation: $800
  • Related: $0
  • Other: $0


  • Official website here: www.tannerelectric.coop

    Where can I find the form 990 for Tanner Electric Cooperative Inc?

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


    Official website here: www.tannerelectric.coop

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

    Mission Statement of Tanner Electric Cooperative Inc

    Tanner Electric Cooperative Inc, a dedicated cooperative, is committed to delivering reliable and high-quality electric services to its members at cost-effective prices. In line with its mission, the cooperative strives to provide sustainable electric power and related services to the communities it serves with pride.

    The cooperative's primary objective is to allocate patronage capital to ensure that electric energy is delivered efficiently and effectively to its members. This cooperative business model allows Tanner Electric Cooperative Inc to maintain a strong connection with the communities it serves, fostering a sense of ownership and shared responsibility among its members.

    At the heart of Tanner Electric Cooperative Inc's mission is the provision of dependable and safe electric power. The cooperative recognizes the essential role of electricity in modern life and is dedicated to ensuring that its members have uninterrupted access to this vital resource. With a strong focus on sustainability, the cooperative is constantly seeking ways to reduce its environmental impact and make its operations more eco-friendly. Ultimately, Tanner Electric Cooperative Inc's mission is to enhance the quality of life for its members by providing them with the reliable electric services they need to thrive.

    Impact

    This information is meant to be a general summary of Tanner 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

    Tanner Electric Cooperative Inc plays a crucial role in providing quality and reliable electric service to its members at cost on a cooperative basis. With a mission to offer reliable, safe, and sustainable electric power to the communities it serves, Tanner Electric Cooperative is instrumental in ensuring access to essential electricity services for its 5,223 active members in North Bend, WA. By operating on a cooperative basis and allocating patronage capital, Tanner Electric Cooperative contributes to the economic well-being and stability of its members while enhancing the overall quality of life in the community. Their commitment to public benefit underscores their impact on fostering a sustainable and thriving environment for all stakeholders involved.





    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: $61,972
  • Program Service Revenue: $12,938,861
  • Gross Receipts: $13,148,895

    • Assets and Liabilities:
  • Total Assets: $39,195,305
  • Total Liabilities: $24,749,542
  • Net Assets: $14,445,763
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $12,719,687

    PATRONAGE DIVIDENDS

    Revenue

    $98,095

    SERVICE FEES

    Revenue

    $76,883

    OTHER PROGRAM REVENUE

    Revenue

    $44,196

    Organization Details

    Founding Year

    1936

    Principal Officer

    Steve Walter

    Main Address

    45715 SE 140TH ST, NORTH BEND, WA, 98045

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Tanner 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.