2025-11-05T17:24:35-05:00 2024-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2024-01-01 205724955 HEART OF TEXAS ELECTRIC COOPERATIVE INC HEAR 2548402871 1111 S JOHNSON DRIVE MCGREGOR TX 76657 BRANDON YOUNG GM/CEO 2548402871 2025-11-05 true false MICHAEL K BURKE CPA P00054433 9187498337 2025-11-05 2024 2025-03-06 01:10:19Z BRANDON YOUNG 1111 S JOHNSON DRIVE MCGREGOR TX 76657 71609012 false X WWW.HOTEC.COOP X 2007 TX TO PROVIDE ELECTRICITY TO RURAL AREAS IN TEXAS ON A COOPERATIVE BASIS. 9 9 73 0 0 73266993 71343072 -51796 -2815277 170611 155989 73385808 68683784 0 1404183 1093727 1252872 0 0 72666057 66026729 73759784 68683784 -373976 0 116421421 118485448 37209344 38994080 79212077 79491368 TO PROVIDE ELECTRICITY TO RURAL AREAS IN TEXAS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 24,898 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 false false false true 29 0 73 true false false false false false 64464430 263003 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 208476 0 67021 BRYAN CHANDLER OPERATIONS M 40.00 X 138935 0 64502 RANDY WESTERFIELD LINE SUPERIN 42.80 X 120712 0 53315 JONATHAN WILDE LINE SUPERIN 52.20 X 127612 0 32010 SHAWN ASHCRAFT JOURNEYMAN L 52.40 X 126786 0 26130 TYRELL GREGER JOURNEYMAN L 50.40 X 120163 0 16546 MICHAEL DANIEL CFO 40.00 X 48404 0 15726 KERMIT DREYER DIRECTOR 1.00 X 8550 0 3557 BOBBY NAWARA SECRETARY/TR 1.00 X 9350 0 521 GARLAND COOK PRESIDENT 1.00 X 9391 0 6 PAUL EDGE DIRECTOR 1.00 X 9377 0 4 DAN FOSTER DIRECTOR 1.00 X 9350 0 6 ALLEN SHOWS DIRECTOR 1.00 X 9350 0 6 DAMON BONIFACE DIRECTOR 1.00 X 9150 0 6 LARRY STOCK VICE-PRESIDE 1.00 X 8950 0 6 KENNETH HOLLAS DIRECTOR 1.00 X 8950 0 3 973506 279365 15 false true false MARTIN POWERLINE CONSTRUCTION 121 PRIVATE ROAD 823 ROSEBUD TX 76570 CONSTRUCTION 1623792 935 GROUP LLC 136 CR 478D LOTT TX 76656 ROW/POLE INSPEC 1343758 J BRETON DEVELOPMENT SERVICES LLC 14222 ST WHY 95 HOLLAND TX 76534 CONSTRUCTION 833232 FX5 UTILITY CONSTRUCTION LLC PO BOX 1297 DECATUR TX 76234 ROW/POLE INSPEC 165160 4 SALE OF ELECTRICITY 221000 69274629 69274629 PATRONAGE CAPITAL CREDITS 221000 1579897 1579897 MEMBER ACCOUNT PENALTIES/FEES 221000 396965 396965 MISC ELECTRIC REVENUE 221000 91581 91581 71343072 29069 29069 137259 137259 137259 137259 69781 2914127 -2844346 -2844346 -2844346 9394 11101 -1707 -1707 OTHER NON-OPERATING INCOME 20437 20437 20437 68683784 71343072 -2659288 X 1404183 426161 826711 887225 4038195 PURCHASED POWER 53853993 DISTRIBUTION 4662522 ALL OTHER EXPENSES 2178591 CONSUMER ACCOUNTS EXPENSE 406203 68683784 0 0 0 1143487 356418 697445 3707610 3114312 2013954 1242820 3707968 4538483 114180935 34013769 78902382 80167166 26802762 28225496 143258 143308 116421421 118485448 6869046 7204862 24952668 23651452 5387630 8137766 37209344 38994080 X 121495 122935 1279676 1232311 77810906 78136122 79212077 79491368 116421421 118485448 X 0 279291 X false true X true false 288185 288185 4316666 2120129 2196537 109576084 31893640 77682444 80167166 INVESTMENTS IN ASSOCIATED ORGANIZATI 27702876 C INVESTMENT IN CAPITAL TERM CERTIFICA 516320 C MEMBERSHIPS IN ASSOCIATED ORGANIZ. 6300 C 28225496 POWER COST RECOVERY FACTOR 4935985 LOC 1700000 UNCLAIMED CAPITAL CREDIT CHECKS 1137401 CONSUMER DEPOSITS 328513 SOLAR PROJECT SECURITY DEPOSIT 35640 DEFERRED CREDITS 227 8137766 X 68683784 68683784 68683784 67279601 67279601 1404183 1404183 68683784 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. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDEND ALLOCATION 1,404,183 X X X X false false false BRANDON YOUNG GM/CEO 205327 3149 52399 14622 275497 BRYAN CHANDLER OPERATIONS MANAGER 136664 2271 48406 16096 203437 RANDY WESTERFIELD LINE SUPERINTENDENT 118869 1843 43286 10029 174027 JONATHAN WILDE LINE SUPERINTENDENT 126003 1609 11192 20818 159622 SHAWN ASHCRAFT JOURNEYMAN LINEMAN 125227 1559 15698 10432 152916 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 1,440 PATRONAGE DIVIDEND ALLOCATION 1,404,183 OTHER -1,126,332 TOTAL 279,291