Wood County Electric Cooperative

Organization Overview

Wood County Electric Cooperative is located in Quitman, TX. The organization was established in 1942. 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, Wood County Electric Cooperative employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood County Electric Cooperative 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, Wood County Electric Cooperative generated $87.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $87.9m during the year ending 12/2021. While expenses have increased by 2.7% 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

PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 38,802 METERS DURING THE YEAR ON A COOPERATIVE BASIS AT THE LOWEST COST CONSISTENT WITH SOUND BUSINESS PRINCIPLES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF ELECTRICITY TO AN AVERAGE OF 38,802 METERS AT COST ON A COOPERATIVE NON-PROFIT BASIS FOR THE MUTUAL BENEFIT OF ITS MEMBERS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.


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Board, Officers & Key Employees

Name (title)Compensation
Trey Teaff
General Manager/ceo
$189,738
Ch Campbell
Chief Operating Officer
$173,625
Summer Coleman
Director Of Accounting
$91,406
Brent Glenn
Director
$26,583
Cathy Roberts
President
$26,534
Jane Roberson
Secretary/treasurer
$14,814

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Harris Line Service Co
Right Of Way Maintenance
$1,215,719
Northeast Texas Power Inc
Distribution Line Construction
$1,063,844
Roest Construction
Boring
$557,121
Jackson Right Of Way Service
Right Of Way Maintenance
$478,489
Texar Tree And Timber Llc
Right Of Way Maintenance
$535,002
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$85,949,207
Investment income $99,664
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $282,187
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $22,234
Miscellaneous Revenue$0
Total Revenue $87,928,096

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