2024-10-09T11:31:41-04:00 2023-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2023-01-01 205724955 HEART OF TEXAS ELECTRIC COOPERATIVE INC HEAR 2548402871 1111 S JOHNSON DRIVE MCGREGOR TX 76657 BRANDON YOUNG GM/CEO 2548402871 2024-09-12 true false MICHAEL K BURKE CPA P00054433 9187498337 2024-09-12 2023 2024-10-15 13:58:12Z BRANDON YOUNG 1111 S JOHNSON DRIVE MCGREGOR TX 76657 73609251 false X WWW.HOTEC.COOP X 2007 TX TO PROVIDE ELECTRICITY TO RURAL AREAS IN TEXAS ON A COOPERATIVE BASIS. 9 9 70 0 0 71170734 73266993 -45552 -51796 136301 170611 71261483 73385808 0 425969 0 839297 1093727 0 0 70123762 72666057 71389028 73759784 -127545 -373976 119447821 116421421 38790920 37209344 80656901 79212077 TO PROVIDE ELECTRICITY TO RURAL AREAS IN TEXAS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 24,541 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. false false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 19 0 70 true false false false false false 64028648 400044 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X HEART OF TEXAS ELECTRIC COOPERATIVE 2548402871 1111 S JOHNSON DR MCGREGOR TX 766570357 BRANDON YOUNG GM/CEO 40.00 X 209457 0 68996 BRYAN CHANDLER OPERATIONS M 40.00 X 137302 0 54498 JIM BATES ADMIN SERVIC 40.00 X 111605 0 40812 BARRY BALLARD LEAD LINEMAN 47.80 X 121657 0 29864 SHAWN ASHCRAFT LINEMAN 1ST 47.90 X 114952 0 22772 HOBIE WARD LEAD LINEMAN 46.50 X 115223 0 14656 PAUL EDGE DIRECTOR 1.00 X 5900 0 4 KERMIT DREYER DIRECTOR 1.00 X 2346 0 3557 BOBBY NAWARA SECRETARY/TR 1.00 X 5382 0 521 GARLAND COOK PRESIDENT 1.00 X 5850 0 6 ALLEN SHOWS DIRECTOR 1.00 X 5750 0 6 KENNETH HOLLAS DIRECTOR 1.00 X 5750 0 3 DAMON BONIFACE DIRECTOR 1.00 X 5637 0 6 DAN FOSTER DIRECTOR 1.00 X 5600 0 6 LARRY STOCK VICE-PRESIDE 1.00 X 5600 0 6 858011 235713 6 false true false MARTIN POWERLINE CONSTRUCTION 121 PRIVATE ROAD 823 ROSEBUD TX 76570 CONSTRUCTION 1427868 935 GROUP LLC 136 CR 478D LOTT TX 76656 ROW/POLE INSPEC 1274813 J BRETON DEVELOPMENT SERVICES LLC 14222 ST WHY 95 HOLLAND TX 76534 CONSTRUCTION 438789 FX5 UTILITY CONSTRUCTION LLC PO BOX 1297 DECATUR TX 76234 ROW/POLE INSPEC 195720 BIRD ELECTRIC ENTERPRISES 8787 IH 20 EASTLAND TX 76448 ROW/POLE INSPEC 181306 5 SALE OF ELECTRICITY 221000 72312441 72312441 PATRONAGE CAPITAL CREDITS 221000 530581 530581 MEMBER ACCOUNT PENALTIES/FEES 221000 412370 412370 MISC ELECTRIC REVENUE 221000 11601 11601 73266993 75952 75952 146036 146036 146036 146036 8800 136548 -127748 -127748 -127748 111070 86895 24175 24175 OTHER NON-OPERATING INCOME 400 400 400 73385808 73266993 118815 X 330384 763343 912556 3915231 PURCHASED POWER 60659845 DISTRIBUTION 4239071 ALL OTHER EXPENSES 2470698 CONSUMER ACCOUNTS EXPENSE 468656 73759784 0 0 0 649639 1143487 4830569 6420552 3707610 1886765 2013954 4378033 3707968 113216478 34314096 74827739 78902382 26324813 26802762 129711 143258 119447821 116421421 9879191 6869046 20717833 24952668 8193896 5387630 38790920 37209344 X 117630 121495 1320061 1279676 79219210 77810906 80656901 79212077 119447821 116421421 X -373976 -1070848 X false true X true false 288185 288185 4316666 1981054 2335612 108611627 32333042 76278585 78902382 INVESTMENTS IN ASSOCIATED ORGANIZATI 26280142 C INVESTMENT IN CAPITAL TERM CERTIFICA 516320 C MEMBERSHIPS IN ASSOCIATED ORGANIZ. 6300 C 26802762 LOC 2300000 POWER COST RECOVERY FACTOR 1413209 ACCUMLATED PROVISION FOR BENEFITS 1309818 CONSUMER DEPOSITS 328828 SOLAR PROJECT SECURITY DEPOSIT 35640 DEFERRED CREDITS 135 5387630 X 73385808 73385808 73385808 73759784 73759784 73759784 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AS LONG AS 85% OF ITS REVENUE IS FROM MEMBERS FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES. TO THE EXTENT THE COOPERATIVE ENGAGES IN UNRELATED TRADES OR BUSINESSES, IT WOULD BE SUBJECT TO THE UNRELATED BUSINESS INCOME TAX IMPOSED ON TAX-EXEMPT ENTITIES BY SECTION 511 OF THE INTERNAL REVENUE CODE. THE COOPERATIVE'S WHOLLY-OWNED SUBSIDIARY, TOUCHSTONE SERVICES, INC. IS SUBJECT TO FEDERAL INCOME TAXES AND FILES THE APPLICABLE FEDERAL FORM 1120 INCOME TAX RETURN. X X X X false false false BRANDON YOUNG GM/CEO 208825 632 55528 13468 278453 BRYAN CHANDLER OPERATIONS MANAGER 135561 1741 40709 13789 191800 JIM BATES ADMIN SERVICES MGR 110196 1409 31103 9709 152417 BARRY BALLARD LEAD LINEMAN 121281 376 16396 13468 151521 FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A ALL DIRECTORS ON THE BOARD ARE ELECTED BY COOP MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B IN THE EVENT THAT THERE IS AN OFFER TO PURCHASE THE COOP, ALL OR SUBSTANTIALLY ALL OF THE COOPS ASSETS, THE MEMBERS WOULD RECEIVE NOTIFICATION AND WOULD HAVE THE RIGHT TO VOTE THE OFFER UP OR DOWN. FORM 990, PAGE 6, PART VI, LINE 11B REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C PARTIES ARE REQUIRED TO DISCLOSE ANY SITUATION THAT WOULD GIVE RISE TO CONFLICT TO THE CEO OR BOARD PRESIDENT AT THE TIME THE CONFLICT IS IDENTIFIED OR ORIGINATES. FORM 990, PAGE 6, PART VI, LINE 15A AN OUTSIDE CONSULTANT IS RETAINED TO REVIEW SALARIES, COMPILE COMPARATIVE DATA AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FORM 990, PAGE 6, PART VI, LINE 15B AN OUTSIDE CONSULTANT IS RETAINED TO REVIEW SALARIES, COMPILE COMPARATIVE DATA AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR CONSIDERATION. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART VIII FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIPS 3,865 EQUITY IN EARNINGS 25,156 OTHER -1,099,869 TOTAL -1,070,848 TOUCHSTONE SERVICES INC 1111 S JOHNSON DR MCGREGOR TX 76657 300021915 TREE TRIM TX HEART OFTX C CORP 115492 1.00000 false true false false false false false false false false false false false false false false false false false false TOUCHSTONE SERVICES INC REPAYMENT OF NOTE PAYABLE A 334747 COST