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Nonprofit · EIN 74-0683625

HILCO ELECTRIC COOPERATIVE INC

Tax-exempt · ITASCA, TX 76055

Financials

$111.9M$111.5M2023$99.5M$99.3M2024
Revenue Expenses · by fiscal year end
Financials of HILCO ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$99,533,004$99,291,920$241,084$221,569,206$126,539,471$95,029,735
December 31, 2023990$111,894,326$111,543,599$350,727$215,381,610$119,931,752$95,449,858
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$98,812,767
Investment income
$114,598
Net rental income
-$216,990
Net gain from sales of assets
$28,539
Other revenue
$605,639

Expenses

Grants and similar amounts paid
$41,144
Benefits paid to members
$2,467,792
Compensation of officers, directors and key employees
$1,472,774
Other salaries and wages
$4,891,470
Salaries, compensation and benefits (total)
$9,029,909
Professional fundraising fees
$0
Depreciation
$6,086,443

Balance sheet and other

Total assets, start of year
$215,381,610
Total assets, end of year
$221,569,206
Total liabilities, end of year
$126,539,471
Net assets, end of year
$95,029,735
Land, buildings and equipment
$165,941,914
Gross unrelated business income
$303,093
Gross receipts
$99,956,809
Employees
97
Volunteers
0
Year formed
1936
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
THOMAS CHEEKGM/CHIEF EXECUTIVE OFFICER
Officer
55$226,153$152,712
PAULA FARQUHARCHIEF FINANCIAL OFFICER
Officer
40$231,005$105,245
TRAVIS SANDERSOPERATIONS MANAGER
Highest-paid employee
40$164,149$123,705
LEA SANDERSCHIEF HR OFFICER
Officer
45$217,640$49,058
DANIEL TAYLORCHIEF OPERATIONS OFFICER
Officer
40$208,766$57,121
MATTHEW FEHNELDIRECTOR OF IS/IT
Highest-paid employee
40$150,786$70,011
CHARLES HENKELMANCONSTRUCTION FOREMAN
Highest-paid employee
40$157,057$57,299
CLAYTON THOMPSONLEAD CONSTRUCTION LINEMAN
Highest-paid employee
46$139,771$53,670
MICHAEL ZAMZOWFIRST CLASS LINEMAN
Highest-paid employee
51$141,541$42,048
RICHARD WHITEDIRECTOR
Trustee or director
4$36,903$0
RONALD ROBERTSPRESIDENT
Trustee or director, Officer
4.5$35,348$0
WILLIAM ALLENDIRECTOR
Trustee or director
7.1$35,191$0
JANET SMITHSECRETARY/TREASURER
Trustee or director, Officer
5.8$30,921$0
JOSEPH TEDESCODIRECTOR
Trustee or director
6$29,493$0
EDWARD HARRISONDIRECTOR
Trustee or director
3.5$28,843$0
1 more people on this return
NameTitleHours / weekCompensation
MARGARET HILLVICE PRESIDENT
Trustee or director, Officer
3.5$28,375
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
THOMAS CHEEKGM/CHIEF EXECUTIVE OFFICER
Officer
55$199,391$138,227
PAULA FARQUHARCHIEF FINANCIAL OFFICER
Officer
40$214,134$95,239
TRAVIS SANDERSOPERATIONS MANAGER
Highest-paid employee
40$153,439$109,950
LEA SANDERSCHIEF HR OFFICER
Officer
45$203,810$42,321
DANIEL TAYLORCHIEF OPERATIONS OFFICER
Officer
40$191,720$49,322
CHARLES HENKELMANCONSTRUCTION FOREMAN
Highest-paid employee
40$145,565$56,046
MATTHEW FEHNELDIRECTOR OF IS/IT
Highest-paid employee
40$143,478$46,972
MICHAEL ZAMZOWFIRST CLASS LINEMAN
Highest-paid employee
52$139,584$39,312
CLAYTON THOMPSONLEAD CONSTRUCTION LINEMAN
Highest-paid employee
43$124,605$47,974
JOSEPH TEDESCOPRESIDENT
Trustee or director, Officer
8.8$29,781$0
RONALD ROBERTSDIRECTOR
Trustee or director
3.9$28,823$0
WILLIAM ALLENVICE PRESIDENT
Trustee or director, Officer
6.5$28,792$0
JANET SMITHSECRETARY/TREASURER
Trustee or director, Officer
8.4$28,450$0
EDWARD HARRISONDIRECTOR
Trustee or director
3.9$27,308$0
MARGARET HILLDIRECTOR
Trustee or director
3.9$25,175$0
RICHARD WHITEDIRECTOR (OCT-DEC)
Trustee or director
4.9$4,797$0

Address and contacts

Address (IRS master file)
PO BOX 127, ITASCA, TX 76055-0127
In care of
% HILCO ELECTRIC COOPERATIVE INC
Principal officer (990 for 2024)
THOMAS CHEEK, 115 E MAIN STREET, ITASCA, TX 76055
Signed the 990
THOMAS CHEEK, GENERAL MANAGER/CEO
Phone
(254) 687-2331
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

THE AIM OF THE COOPERATIVE IS TO PROVIDE ELECTRIC ENERGY AND OTHER GOODS AND SERVICES AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

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 35,322 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
74-0683625
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1937
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$221,569,206
Income (IRS master file)
$99,956,809

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$99,533,004$99,291,920$221,569,206XML
990December 2023$111,894,326$111,543,599$215,381,610XML
990December 2022$102,294,188$102,209,738$206,251,275IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 74-0683625).

Questions about HILCO ELECTRIC COOPERATIVE INC

What is the EIN of HILCO ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of HILCO ELECTRIC COOPERATIVE INC is 74-0683625.
Is HILCO ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
Are donations to HILCO ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HILCO 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 HILCO ELECTRIC COOPERATIVE INC 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 HILCO ELECTRIC COOPERATIVE INC 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 HILCO ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names THOMAS CHEEK.
Who are the officers and directors of HILCO ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $226,153 (THOMAS CHEEK, GM/CHIEF EXECUTIVE OFFICER).
How much revenue does HILCO ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $99,533,004, expenses of $99,291,920 and total assets of $221,569,206 at year end.

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