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Nonprofit · EIN 74-0667584

HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION

Tax-exempt · HAMILTON, TX 76531

Financials

$41.7M$41.5M2023$33.6M$33.4M2024
Revenue Expenses · by fiscal year end
Financials of HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$33,641,665$33,413,430$228,235$91,746,963$42,098,284$49,648,679
December 31, 2023990$41,728,183$41,514,205$213,978$93,503,492$42,003,307$51,500,185
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$33,255,211
Investment income
$212,070
Net gain from sales of assets
$37,995
Other revenue
$174,384

Expenses

Grants and similar amounts paid
$11,859
Benefits paid to members
$836,368
Compensation of officers, directors and key employees
$1,003,903
Other salaries and wages
$1,747,707
Salaries, compensation and benefits (total)
$3,340,717
Professional fundraising fees
$0
Depreciation
$2,837,494

Balance sheet and other

Total assets, start of year
$93,503,492
Total assets, end of year
$91,746,963
Total liabilities, end of year
$42,098,284
Net assets, end of year
$49,648,679
Land, buildings and equipment
$69,811,442
Gross receipts
$33,660,665
Employees
51
Volunteers
0
Year formed
1938
State of legal domicile
TX

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JAMES CODY LASATERGENERAL MANAGER
Officer
40$219,320$145,823
JUSTIN S WILSONMANAGER OF OPERATIONS
Key employee
40$162,132$198,607
RANDALL DENNINGSERVICE FOREMAN
Highest-paid employee
40$156,913$111,710
JUSTIN TUBBSCONSTRUCTION FOREMAN
Highest-paid employee
40$146,713$97,974
JAMES HORTONSERVICE FOREMAN
Highest-paid employee
40$158,493$80,056
JAMES G BELCHERCONSTRUCTION FOREMAN
Highest-paid employee
40$145,280$76,764
MARTIN A REEDSERVICE FOREMAN
Highest-paid employee
40$124,021$92,593
JORGE MENDOZAENG. SERVICES SUPERVISOR
Key employee
40$163,215$46,111
BRANDON HAILESECRETARY/TREASURER
Trustee or director, Officer
4$10,902$0
DUSTIN DUNCANVICE PRESIDENT
Trustee or director, Officer
5.6$10,365$0
ROBERT STRALEYPRESIDENT
Trustee or director, Officer
8.6$9,976$0
JOHN PRIDDYDIRECTOR
Trustee or director
1.8$9,826$0
ERVIN KOERTHDIRECTOR
Trustee or director
2.4$9,326$0
JACK CALDWELLDIRECTOR
Trustee or director
2.5$9,150$0
SAM CAMPBELLDIRECTOR
Trustee or director
2.3$9,150$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
JAMES CODY LASATERGENERAL MANAGER
Officer
40$194,313$116,521
JUSTIN S WILSONMANAGER OF OPERATIONS
Highest-paid employee
40$142,746$165,349
JAMES G BELCHERCONSTRUCTION FOREMAN
Highest-paid employee
40$137,843$115,106
RANDALL DENNINGSERVICE FOREMAN
Highest-paid employee
40$140,206$85,763
JAMES HORTONSERVICE FOREMAN
Highest-paid employee
40$148,275$66,646
JUSTIN TUBBSCONSTRUCTION FOREMAN
Highest-paid employee
40$131,144$79,419
JORGE MENDOZAENG. SERVICES SUPERVSR
Key employee
40$157,328$23,922
ERVIN KOERTHDIRECTOR
Trustee or director
3.3$7,993$0
BRANDON HAILESECRETARY/TREASURER
Trustee or director, Officer
3$7,985$0
ROBERT STRALEYPRESIDENT
Trustee or director, Officer
6.1$7,620$0
SAM CAMPBELLDIRECTOR
Trustee or director
2.8$7,612$0
DUSTIN DUNCANVICE PRESIDENT
Trustee or director, Officer
4.7$7,480$0
JACK CALDWELLDIRECTOR
Trustee or director
2.4$7,320$0
JOHN PRIDDYDIRECTOR
Trustee or director
2.4$7,320$0

Address and contacts

Address (IRS master file)
PO BOX 753, HAMILTON, TX 76531-0753
In care of
% HAMILTON COUNTY ELECTRIC CO-OP
Principal officer (990 for 2024)
CODY LASATER, PO BOX 753, HAMILTON, TX 76531
Signed the 990
CODY LASATER, GENERAL MANAGER
Phone
(254) 386-3123
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

IT IS THE MISSION OF HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION TO PROVIDE SAFE, RELIABLE, QUALITY ELECTRIC SERVICE TO OUR MEMBERS AT AN AFFORDABLE PRICE. IT IS OUR GOAL TO CONTROL COSTS, TO ASSURE THAT RATES CAN REMAIN LOW INTO THE FUTURE. ADDITIONALLY, WE STRIVE TO PROVIDE SERVICE AND LEADERSHIP THAT WILL HAVE A POSITIVE INFLUENCE ON THE LIVES OF THE MEMBERS THAT WE SERVE.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,494 ACTIVE SERVICES AT YEAR END.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-0667584
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1939
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$91,746,963
Income (IRS master file)
$33,660,665

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$33,641,665$33,413,430$91,746,963IRS
990December 2023$41,728,183$41,514,205$93,503,492XML
990December 2022$42,983,209$44,430,894$97,291,590IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 74-0667584).

Questions about HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION

What is the EIN of HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION?
The employer identification number (EIN) of HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION is 74-0667584.
Is HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
Are donations to HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION 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 HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION?
The 990 for the year ended December 31, 2024 names CODY LASATER.
Who are the officers and directors of HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $219,320 (JAMES CODY LASATER, GENERAL MANAGER).
How much revenue does HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $33,641,665, expenses of $33,413,430 and total assets of $91,746,963 at year end.

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