Comanche County Electric Cooperative Association
- Assets
- $125.4m
- Revenue
- $48.6m
- Investments
- $0.0
- Employees
- 62
- Location
- Comanche, TX
- Founding
- 11/1939
- Data as of
- 12/2022
- EIN
- 75-0202592
Organization Overview
Comanche County Electric Cooperative Association is located in Comanche, TX. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Comanche County Electric Cooperative Association employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Comanche County Electric Cooperative Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Comanche County Electric Cooperative Association generated $48.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $48.0m during the year ending 12/2022. While expenses have increased by 8.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 17,278 ACTIVE SERVICES AT YEAR END.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monty Carlisle President | OfficerTrustee | 2.2 | $13,500 |
Phil Taylor Vice President | OfficerTrustee | 2.4 | $12,900 |
Randy Denning Director | Trustee | 1.9 | $13,200 |
Troy Stewart Director | Trustee | 9.4 | $12,900 |
Ruby Solomon Secretary/treasurer | OfficerTrustee | 2.2 | $12,600 |
Loren Stroebel Director | Trustee | 3.8 | $16,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
S & H Powerline Construction Construction Contractor | 12/30/22 | $798,811 |
Northeast Tree Service Inc Tree Trimming | 12/30/22 | $1,378,998 |
Meridian Cooperative Inc Billing, Printing, Mailing Services | 12/30/22 | $322,170 |
Morris Tree Service Llc Tree Trimming | 12/30/22 | $373,120 |
Vinson & Elkins Llp Legal Services | 12/30/22 | $150,231 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,816,383 |
| Investment income | $159,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,775 |
| Net Gain/Loss on Asset Sales | $93,408 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,826 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,583,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $203,662 |
| Compensation of current officers, directors, key employees. | $576,256 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,882,180 |
| Pension plan accruals and contributions | $243,752 |
| Other employee benefits | $235,218 |
| Payroll taxes | $160,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,221,327 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,840,019 |
| Insurance | $0 |
| All other expenses | $718,367 |
| Total functional expenses | $48,003,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,720,035 |
| Savings and temporary cash investments | $2,479,554 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $852,993 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $889,379 |
| Prepaid expenses and deferred charges | $25,092,447 |
| Net Land, buildings, and equipment | $73,191,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $17,009,707 |
| Intangible assets | $0 |
| Other assets | $3,177,418 |
| Total assets | $125,413,479 |
| Accounts payable and accrued expenses | $5,681,230 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $869,465 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $63,573,972 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,280,811 |
| Total liabilities | $78,405,478 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $191,715 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $46,816,286 |
| Total liabilities and net assets/fund balances | $125,413,479 |