Nonprofit · EIN 59-0485704
TRI-COUNTY ELECTRIC COOPERATIVE INC
Tax-exempt · MADISON, FL 32340
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $64,786,204 | $64,036,204 | $750,000 | $298,522,200 | $249,412,869 | $49,109,331 |
| December 31, 2024 | 990 | $59,242,930 | $59,992,930 | -$750,000 | $273,464,698 | $226,294,063 | $47,170,635 |
| December 31, 2023 | 990 | $52,888,646 | $52,888,646 | $0 | $193,404,609 | $149,925,684 | $43,478,925 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $63,876,644
- Investment income
- $48,629
- Other revenue
- $860,931
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,653,423
- Compensation of officers, directors and key employees
- $1,328,803
- Salaries, compensation and benefits (total)
- $1,328,803
- Professional fundraising fees
- $0
- Depreciation
- $5,916,504
Balance sheet and other
- Total assets, start of year
- $273,464,698
- Total assets, end of year
- $298,522,200
- Total liabilities, end of year
- $249,412,869
- Net assets, end of year
- $49,109,331
- Land, buildings and equipment
- $164,503,538
- Gross receipts
- $64,786,204
- Employees
- 76
- Volunteers
- 0
- Year formed
- 1941
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| H JULIUS HACKETT | CHIEF EXECUTIVE OFFICER Officer | 40 | $327,700 | $71,850 |
| JEFF BREWER | VP ENGINEERING Officer | 40 | $162,878 | $87,331 |
| WENDELL WILLIAMS | VP FINANCE Officer | 40 | $150,678 | $75,566 |
| JOHN NASH | COOPERATIVE FOREMAN Highest-paid employee | 40 | $138,336 | $73,445 |
| EILEEN HERNDON | VP CORPORATE SVCS Officer | 40 | $136,169 | $70,901 |
| DERRICK CALHOUN | IT DIRECTOR Highest-paid employee | 40 | $122,905 | $74,973 |
| JOHN TUTEN | VP OPERATIONS Officer | 40 | $142,414 | $50,917 |
| MICHAEL S HENDERSON | DISTRICT CREW LEADER Highest-paid employee | 40 | $122,891 | $66,924 |
| JASON HUGHEY | APPARATUS TECHNICIAN Highest-paid employee | 40 | $122,654 | $65,921 |
| CODY HOLDEN | CREW LEADER Highest-paid employee | 40 | $121,273 | $64,276 |
| GEORGE WEBB | TRUSTEE Trustee or director | 3 | $8,800 | $0 |
| BOBBY DODD | PRESIDENT Trustee or director, Officer | 3 | $7,000 | $0 |
| CATHERINE BETHEA | SECRETARY/TREASURER Trustee or director, Officer | 3 | $6,600 | $0 |
| DONNIE WALDREP | VICE PRESIDENT Trustee or director, Officer | 3 | $6,400 | $0 |
| ANN HERRING | TRUSTEE Trustee or director | 3 | $6,200 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BENJAMIN WHITE | TRUSTEE Trustee or director | 3 | $5,200 |
| JOHN CRUCE | TRUSTEE Trustee or director | 3 | $5,200 |
| JUNIOR SMITH | TRUSTEE Trustee or director | 3 | $4,200 |
| JOHNNY EDWARDS | TRUSTEE Trustee or director | 3 | $2,800 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| H JULIUS HACKETT | CHIEF EXECUTIVE OFFICER Officer | 40 | $312,812 | $72,428 |
| JEFF BREWER | VP ENGINEERING Officer | 40 | $164,733 | $81,907 |
| JOHN NASH | COOPERATIVE FOREMAN Highest-paid employee | 40 | $154,946 | $68,704 |
| WENDELL WILLIAMS | VP FINANCE Officer | 40 | $149,967 | $71,956 |
| EILEEN HERNDON | VP CORPORATE SVCS Officer | 40 | $139,399 | $65,726 |
| JOHN TUTEN | VP OPERATIONS Officer | 40 | $151,220 | $47,856 |
| DERRICK CALHOUN | IT DIRECTOR Highest-paid employee | 40 | $126,208 | $70,599 |
| MICHAEL S HENDERSON | DISTRICT CREW LEADER Highest-paid employee | 40 | $132,292 | $63,901 |
| CODY HOLDEN | CREW LEADER Highest-paid employee | 40 | $131,271 | $60,987 |
| TONY STEPHENSON | CREW LEADER Highest-paid employee | 40 | $131,614 | $52,509 |
| GEORGE WEBB | SECRETARY/TREASURER Trustee or director, Officer | 3 | $6,400 | $0 |
| BENJAMIN WHITE | TRUSTEE Trustee or director | 3 | $5,800 | $0 |
| ANN HERRING | TRUSTEE Trustee or director | 3 | $5,800 | $0 |
| DONNIE WALDREP | VICE PRESIDENT Trustee or director, Officer | 3 | $5,000 | $0 |
| JUNIOR SMITH | TRUSTEE Trustee or director | 3 | $4,400 | $0 |
| CATHERINE BETHEA | TRUSTEE Trustee or director | 3 | $4,000 | $0 |
| JOHN CRUCE | TRUSTEE Trustee or director | 3 | $4,000 | $0 |
| BOBBY DODD | PRESIDENT Trustee or director, Officer | 3 | $3,200 | $0 |
| JOHNNY EDWARDS | TRUSTEE Trustee or director | 3 | $2,400 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| H JULIUS HACKETT | CHIEF EXECUTIVE OFFICER Officer | 40 | $275,792 | $68,674 |
| JEFF BREWER | VP ENGINEERING Officer | 40 | $149,379 | $75,614 |
| MICHAEL S HENDERSON | DISTRICT CREW LEADER Highest-paid employee | 40 | $131,382 | $59,129 |
| JOHN NASH | COOPERATIVE FOREMAN Highest-paid employee | 40 | $123,242 | $62,265 |
| WENDELL WILLIAMS | VP FINANCE Officer | 40 | $117,357 | $66,935 |
| JOHN TUTEN | VP OPERATIONS Officer | 40 | $132,868 | $44,998 |
| JASON HUGHEY | APPARATUS TECHNICIAN Highest-paid employee | 40 | $116,810 | $55,100 |
| DAVID WESSON | CONTRACTOR SUPERVISOR Highest-paid employee | 40 | $112,623 | $50,582 |
| EILEEN HERNDON | VP CORPORATE SVCS Officer | 40 | $103,103 | $59,574 |
| TERRY BARRS | SERVICEMAN Highest-paid employee | 40 | $113,414 | $36,656 |
| GEORGE WEBB | SECRETARY/TREASURER Trustee or director, Officer | 3 | $7,600 | $0 |
| JUNIOR SMITH | TRUSTEE Trustee or director | 3 | $6,800 | $0 |
| BOBBY DODD | PRESIDENT Trustee or director, Officer | 3 | $5,800 | $0 |
| DONNIE WALDREP | VICE PRESIDENT Trustee or director, Officer | 3 | $5,800 | $0 |
| CATHERINE BETHEA | TRUSTEE Trustee or director | 3 | $5,400 | $0 |
| JOHN CRUCE | TRUSTEE Trustee or director | 3 | $5,400 | $0 |
| ANN HERRING | TRUSTEE Trustee or director | 3 | $5,400 | $0 |
| JOHNNY EDWARDS | TRUSTEE Trustee or director | 3 | $3,000 | $0 |
| BENJAMIN D BISHOP | TRUSTEE Trustee or director | 3 | $2,000 | $0 |
Address and contacts
- Address (IRS master file)
- 2862 W US 90, MADISON, FL 32340-4303
- Principal officer (990 for 2025)
- JULIUS HACKETT, 2862 WEST US 90, MADISON, FL 323410208
- Signed the 990
- JULIUS HACKETT, CEO
- Phone
- (850) 973-2285
- Website
- WWW.TCEC.COM
- Return prepared by
- NICHOLS CAULEY ADVISORY GROUP LLC
Mission
PROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS.
Program accomplishments
- SALE OF ELECTRICITY TO COOPERATIVE MEMBERSExpenses $64,036,204
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0485704
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $298,522,200
- Income (IRS master file)
- $64,786,204
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $64,786,204 | $64,036,204 | $298,522,200 | XML |
| 990 | December 2024 | $59,242,930 | $59,992,930 | $273,464,698 | XML |
| 990 | December 2023 | $52,888,646 | $52,888,646 | $193,404,609 | XML |
| 990 | December 2022 | $53,542,460 | $53,542,460 | $118,418,057 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0485704).
Questions about TRI-COUNTY ELECTRIC COOPERATIVE INC
- What is the EIN of TRI-COUNTY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of TRI-COUNTY ELECTRIC COOPERATIVE INC is 59-0485704.
- Is TRI-COUNTY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to TRI-COUNTY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRI-COUNTY ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRI-COUNTY ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRI-COUNTY ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TRI-COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names JULIUS HACKETT.
- Who are the officers and directors of TRI-COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 19 people; 19 received compensation from the organization, the highest $327,700 (H JULIUS HACKETT, CHIEF EXECUTIVE OFFICER).
- How much revenue does TRI-COUNTY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $64,786,204, expenses of $64,036,204 and total assets of $298,522,200 at year end.
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