Trinity Valley Electric Cooperative Inc
- Assets
- $429.8m
- Revenue
- $201.4m
- Investments
- $0.0
- Employees
- 215
- Location
- Kaufman, TX
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 75-2701263
Organization Overview
Trinity Valley Electric Cooperative Inc is located in Kaufman, TX. The organization was established in 1998. 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 12/2023, Trinity Valley Electric Cooperative Inc employed 215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Valley Electric Cooperative Inc 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 12/2023, Trinity Valley Electric Cooperative Inc generated $201.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $200.6m during the year ending 12/2023. While expenses have increased by 4.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 84,867 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Tillison Chairman | OfficerTrustee | 14.9 | $13,500 |
Carolyn Minor Vice Chairman | OfficerTrustee | 10 | $11,850 |
Jo Ann Hanstrom Secretary | OfficerTrustee | 10.5 | $10,950 |
Jeff Priest Director | Trustee | 10.1 | $10,950 |
Edward Reeve Director | Trustee | 9.3 | $10,950 |
Paul Weatherford Director | Trustee | 8.3 | $29,282 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas State Utilities Overhead/underground Contractor | 12/30/23 | $4,252,062 |
Sparks Energy Overhead Contractor | 12/30/23 | $2,713,353 |
Ramirez Tree Service Inc Right Of Way Contractor | 12/30/23 | $2,698,518 |
Cs Tree Services Right Of Way Clearing | 12/30/23 | $2,072,937 |
Rei Utility Services Inc Lower Utility Assistance & Staking Servi | 12/30/23 | $1,782,183 |
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 | $199,721,070 |
| Investment income | $68,293 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $142,303 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,407 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $201,369,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,242 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,632,537 |
| Compensation of current officers, directors, key employees. | $3,058,828 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,554,090 |
| Pension plan accruals and contributions | $1,109,637 |
| Other employee benefits | $3,183,956 |
| Payroll taxes | $822,738 |
| 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 | $8,119,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,683,862 |
| Insurance | $0 |
| All other expenses | $742,277 |
| Total functional expenses | $200,552,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,359,111 |
| Savings and temporary cash investments | $750,031 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,319,503 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,154,641 |
| Prepaid expenses and deferred charges | $4,679,150 |
| Net Land, buildings, and equipment | $336,746,029 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $71,469,855 |
| Intangible assets | $0 |
| Other assets | $4,327,934 |
| Total assets | $429,806,254 |
| Accounts payable and accrued expenses | $19,839,289 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $791,228 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $171,692,027 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,835,045 |
| Total liabilities | $240,157,589 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $695,850 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $188,952,815 |
| Total liabilities and net assets/fund balances | $429,806,254 |