Nonprofit · EIN 59-0545223
WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC
Tax-exempt · DADE CITY, FL 33526
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $674,641,546 | $626,516,928 | $48,124,618 | $1,502,854,443 | $746,968,284 | $755,886,159 |
| December 31, 2024 | 990 | $601,244,559 | $575,986,025 | $25,258,534 | $1,501,239,477 | $793,975,749 | $707,263,728 |
| December 31, 2023 | 990 | $574,812,838 | $536,323,840 | $38,488,998 | $1,340,349,704 | $662,327,562 | $678,022,142 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $666,697,306
- Investment income
- $6,953,395
- Net rental income
- $988,536
- Net gain from sales of assets
- -$108,431
- Other revenue
- $990,845
Expenses
- Grants and similar amounts paid
- $250,457
- Benefits paid to members
- $24,191,789
- Compensation of officers, directors and key employees
- $1,642,917
- Other salaries and wages
- $2,337,939
- Salaries, compensation and benefits (total)
- $3,980,856
- Professional fundraising fees
- $0
- Depreciation
- $39,357,720
Balance sheet and other
- Total assets, start of year
- $1,501,239,477
- Total assets, end of year
- $1,502,854,443
- Total liabilities, end of year
- $746,968,284
- Net assets, end of year
- $755,886,159
- Land, buildings and equipment
- $970,457,036
- Gross unrelated business income
- $859,652
- Gross receipts
- $675,504,832
- Employees
- 630
- 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 |
|---|---|---|---|---|
| DAVID B LAMBERT II | GENERAL MANAGER Officer | 70 | $766,189 | $254,115 |
| KRISTINA S WALZAK | MGR HR & JOB TRAINING & SA Highest-paid employee | 55 | $294,446 | $221,574 |
| RALPH J BURDIN JR | MANAGER ENERGY & SYSTEM RELIABILITY Highest-paid employee | 55 | $262,426 | $243,688 |
| GARY F STEELE JR | MANAGER-MEMBER RELAT Highest-paid employee | 60 | $329,308 | $165,969 |
| RICKY E GUDE | DISTRICT MANAGER Highest-paid employee | 55 | $277,536 | $147,158 |
| MARLIN SEXTON JR | MANAGER TRANSMISSION PLANNER Highest-paid employee | 55 | $271,010 | $124,823 |
| RONNIE DEESE | MANAGER THRU 1/2025 Officer | 50 | $285,260 | $2,327 |
| ALAN HENGESBACH | SEC'Y/TREASURER Trustee or director, Officer | 15 | $54,004 | $0 |
| TERRENCE SCHRADER | PRESIDENT Trustee or director, Officer | 15 | $48,604 | $0 |
| PAUL LITTLE | TRUSTEE Trustee or director | 10 | $44,478 | $0 |
| ROBERT BARTHLE | TRUSTEE Trustee or director | 10 | $39,604 | $0 |
| PATRICIA P BECHTELHEIMER | TRUSTEE Trustee or director | 10 | $33,931 | $0 |
| KIMBERLY KINNEY | TRUSTEE Trustee or director | 10 | $33,605 | $0 |
| DESMOND G LITTLE | TRUSTEE THRU 9/2025 Trustee or director | 10 | $29,888 | $0 |
| ROBERT W STRICKLAND | VICE PRESIDENT Trustee or director, Officer | 15 | $25,066 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID HUNNICUTT | TRUSTEE Trustee or director | 15 | $21,650 |
| JOSEPH MARINA | TRUSTEE Trustee or director | 10 | $4,196 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID B LAMBERT II | GENERAL MANAGER Officer | 70 | $662,267 | $224,450 |
| RONNIE DEESE | MANAGER Officer | 50 | $382,154 | $109,414 |
| KRISTINA S WALZAK | MGR HR & JOB TRAINING & SAFETY Highest-paid employee | 55 | $277,236 | $180,632 |
| GARY F STEELE JR | MANAGER-MEMBER RELAT Highest-paid employee | 60 | $306,875 | $121,209 |
| MARLIN SEXTON JR | DISTRICT MANAGER Highest-paid employee | 55 | $278,241 | $113,623 |
| JOSEPH MARINA | DISTRICT MANAGER Highest-paid employee | 55 | $320,479 | $37,538 |
| DAVID GONZALEZ | DISTRICT MANAGER Highest-paid employee | 55 | $296,665 | $41,521 |
| ALAN HENGESBACH | SEC'Y/TREASURER Trustee or director, Officer | 15 | $53,541 | $0 |
| TERRENCE SCHRADER | PRESIDENT Trustee or director, Officer | 15 | $52,191 | $0 |
| PAUL LITTLE | TRUSTEE Trustee or director | 10 | $41,178 | $0 |
| ROBERT BARTHLE | TRUSTEE Trustee or director | 10 | $40,941 | $0 |
| DESMOND G LITTLE | TRUSTEE Trustee or director | 10 | $40,608 | $0 |
| PATRICIA P BECHTELHEIMER | TRUSTEE Trustee or director | 10 | $35,235 | $0 |
| KIMBERLY KINNEY | TRUSTEE Trustee or director | 10 | $32,759 | $0 |
| ROBERT W STRICKLAND | VICE PRESIDENT Trustee or director, Officer | 15 | $28,751 | $0 |
| DAVID HUNNICUTT | TRUSTEE Trustee or director | 15 | $22,600 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BILLY BROWN | EXEC VP THRU Officer | 30 | $0 | $729,172 | $14,009 |
| DAVID B LAMBERT II | EXEC VP/G MG Officer | 70 | $492,668 | $0 | $136,101 |
| RONNIE DEESE | MANAGER Officer | 50 | $322,464 | $0 | $92,502 |
| DAVID GONZALEZ | DISTRICT MAN Highest-paid employee | 55 | $247,350 | $0 | $128,500 |
| JOSEPH MARINA | DISTRICT MAN Highest-paid employee | 55 | $287,063 | $0 | $82,930 |
| MARLIN SEXTON JR | DISTRICT MAN Highest-paid employee | 55 | $239,926 | $0 | $89,701 |
| RICHARD GUDE | DISTRICT MAN Highest-paid employee | 55 | $232,592 | $0 | $93,782 |
| GARY F STEELE JR | MANAGER-MEMB Highest-paid employee | 60 | $220,709 | $0 | $75,518 |
| ALAN HENGESBACH | SEC'Y/TREASU Trustee or director, Officer | 15 | $52,059 | $0 | $0 |
| TERRENCE SCHRADER | PRESIDENT Trustee or director, Officer | 15 | $47,059 | $0 | $0 |
| ROBERT BARTHLE | TRUSTEE Trustee or director | 10 | $40,809 | $0 | $0 |
| DESMOND G LITTLE | TRUSTEE Trustee or director | 10 | $40,791 | $0 | $0 |
| PAUL LITTLE | TRUSTEE Trustee or director | 10 | $40,715 | $0 | $0 |
| PATRICIA P BECHTELHEIMER | TRUSTEE Trustee or director | 10 | $35,123 | $0 | $0 |
| KIMBERLY KINNEY | TRUSTEE Trustee or director | 10 | $34,763 | $0 | $0 |
| ROBERT W STRICKLAND | VICE PRESIDE Trustee or director, Officer | 15 | $28,317 | $0 | $0 |
| DAVID HUNNICUTT | TRUSTEE Trustee or director | 15 | $22,150 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 278, DADE CITY, FL 33526-0278
- Principal officer (990 for 2025)
- DAVID B LAMBERT II, PO BOX 278, DADE CITY, FL 33526
- Signed the 990
- DAVID B LAMBERT II, GENERAL MANAGER
- Phone
- (352) 567-5133
- Website
- WWW.WREC.NET
- Return prepared by
- PURVIS GRAY & COMPANY LLP
Mission
THE GOAL OF THE COOPERATIVE IS TO PROVIDE EACH OF ITS MEMBERS THE BEST POSSIBLE SERVICE AT THE LOWEST COST.
Program accomplishments
- SALE OF ELECTRICITY TO MEMBERS-RURAL ELECTRIC COOPERATIVEExpenses $626,516,928 · grants $250,457 · revenue $666,697,306
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
- 59-0545223
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1959
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,502,854,443
- Income (IRS master file)
- $675,504,832
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $674,641,546 | $626,516,928 | $1,502,854,443 | XML |
| 990 | December 2024 | $601,244,559 | $575,986,025 | $1,501,239,477 | IRS |
| 990 | December 2023 | $574,812,838 | $536,323,840 | $1,340,349,704 | XML |
| 990 | December 2022 | $584,081,760 | $561,756,607 | $1,278,036,654 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 59-0545223).
Questions about WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC
- What is the EIN of WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC is 59-0545223.
- Is WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1959.
- Are donations to WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WITHLACOOCHEE RIVER 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 WITHLACOOCHEE RIVER 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 WITHLACOOCHEE RIVER 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 WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names DAVID B LAMBERT II.
- Who are the officers and directors of WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $766,189 (DAVID B LAMBERT II, GENERAL MANAGER).
- How much revenue does WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $674,641,546, expenses of $626,516,928 and total assets of $1,502,854,443 at year end.
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