Cooke County Electric Cooperative Association

Organization Overview

Cooke County Electric Cooperative Association, operating under the name Pentex Energy, is located in Muenster, TX. The organization was established in 1938. 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 12/2021, Pentex Energy employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pentex Energy 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 12/2021, Pentex Energy generated $43.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $43.6m during the year ending 12/2021. While expenses have increased by 0.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 17,181 ACTIVE SERVICES AT YEAR END.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Osmose Utilities Services
Pole Inspection & Treatment
$444,185
Primoris T & D Services Llc
Electric Distr. Line Construction
$552,435
Hardin Tree Inc
R-o-w Clearing
$1,014,185
Meridian Cooperative Inc
Acct & Bill Sftwr;cybersec;pmt Process
$362,883
Force Electrical Service Llc
Electric Utility Construction
$285,836
View All Vendors

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$43,171,987
Investment income $85,088
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $28,975
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $168
Miscellaneous Revenue$0
Total Revenue $43,344,905

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