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Nonprofit · EIN 74-0828412

PEDERNALES ELECTRIC COOPERATIVE INC

Tax-exempt · JOHNSON CITY, TX 78636

Financials

$882.8M$879.4M2023$927.9M$926.1M2024
Revenue Expenses · by fiscal year end
Financials of PEDERNALES ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$927,894,452$926,135,673$1,758,779$2,352,562,031$1,431,184,267$921,377,764
December 31, 2023990$882,753,381$879,429,439$3,323,942$2,211,992,643$1,330,888,679$881,103,964
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$919,835,123
Investment income
$3,705,908
Net rental income
-$101,764
Net gain from sales of assets
$2,539,537
Other revenue
$4,353,421

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$53,263,337
Compensation of officers, directors and key employees
$5,638,493
Other salaries and wages
$53,388,825
Salaries, compensation and benefits (total)
$75,467,157
Professional fundraising fees
$0
Depreciation
$89,863,674

Balance sheet and other

Total assets, start of year
$2,211,992,643
Total assets, end of year
$2,352,562,031
Total liabilities, end of year
$1,431,184,267
Net assets, end of year
$921,377,764
Land, buildings and equipment
$2,151,828,962
Gross receipts
$929,924,359
Employees
1,065
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
JULIE PARSLEYCHIEF EXECUTIVE OFFICER
Officer
53$760,898$47,313
EDWARD A DAUTERIVECHIEF STRATEGY OFFICER
Officer
65$518,326$143,171
RANDY KRUGERCHIEF FINANCIAL OFFICER
Officer
50$528,920$100,519
STEPHEN MALDONADOVP - OPERATIONS
Key employee
65$347,830$186,445
JOHN URBANCHIEF ADMINISTRATIVE OFFICER
Officer
50$419,961$97,939
CHRISTIAN POWELLCHIEF COMPLIANCE OFFICER
Officer
54$408,648$95,682
DAVID THOMPSONVP - MARKETS (JAN-JUNE)
Key employee
50$437,298$47,209
AISHA HAGENSENIOR ASSOCIATE GENERAL COUNSEL
Highest-paid employee
40$382,774$90,654
NATHANIEL FULMERCHIEF OPERATIONS OFFICER
Officer
50$393,175$76,355
KATHERINE JONESCONTROLLER
Highest-paid employee
45$353,471$96,594
JAMES SPAULDINGDIR - POWER QUALITY & DEV. (JAN-NOV)
Highest-paid employee
40$285,887$81,410
LORI MUELLERVP - TECHNOLOGY & DIGITAL STRATEGY
Highest-paid employee
50$311,468$36,319
JOSE TREVINOVP - ENGINEERING (JAN-JUNE)
Key employee
50$291,800$50,260
KRISTI MORITZDIR - MBR RELATIONS ENGMT (JAN-NOV)
Highest-paid employee
40$256,637$49,488
DON BALLARDGENERAL COUNSEL (JAN-MAR)
Officer
50$164,516$53,457
9 more people on this return
NameTitleHours / weekCompensationOther / benefits
ANDREA STOVERGENERAL COUNSEL (OCT-DEC)
Officer
50$138,094$9,837
JONATHAN GREENECHIEF OPERATIONS OFFICER (NOV-DEC)
Officer
50$57,710$6,630
TRAVIS COXSECRETARY/TREASURER
Trustee or director, Officer
6$37,400$0
MARK EKRUTPRESIDENT
Trustee or director, Officer
6$37,200$0
EMILY PATAKIDIRECTOR
Trustee or director
12$36,900$0
PAUL GRAFVICE PRESIDENT
Trustee or director, Officer
10$36,500$0
JAMES OAKLEYDIRECTOR
Trustee or director
8$36,300$0
AMY LEA SJ AKERSDIRECTOR
Trustee or director
15$36,100$0
MILTON RISTERDIRECTOR
Trustee or director
10$36,100$0
990 for the year ended December 31, 2023: 22 people
NameTitleHours / weekCompensationOther / benefits
JULIE PARSLEYCHIEF EXECUTIVE OFFICER
Officer
53$833,543$47,234
RANDY KRUGERCHIEF FINANCIAL OFFICER
Officer
50$545,188$65,400
EDWARD A DAUTERIVECHIEF OPERATIONS OFFICER
Officer
65$507,557$97,670
DON BALLARDGENERAL COUNSEL
Officer
58$551,531$47,141
STEPHEN MALDONADOVP - OPERATIONS
Key employee
65$362,971$161,517
JOHN URBANEVP - EXTERNAL RELATIONS
Key employee
50$412,492$70,371
JOSE TREVINOVP - ENGINEERING
Key employee
48$397,040$58,868
DAVID THOMPSONVP - MARKETS
Key employee
50$361,222$66,140
CHRISTIAN POWELLVP - COMPLIANCE & REGULATORY
Highest-paid employee
55$360,439$62,788
KATHERINE JONESCONTROLLER
Highest-paid employee
45$355,950$65,193
AISHA HAGENASSOCIATE GENERAL COUNSEL
Highest-paid employee
40$364,466$50,117
NATHANIEL FULMERVP - WORKFORCE & SAFETY OP
Key employee
50$351,937$51,377
TIMOTHY NANCEVP - MEMBER RELATIONS
Key employee
40$314,272$68,941
PAUL LOCHTEDIR OF ENGINEERING AND PLANNING
Highest-paid employee
48$253,014$101,614
JOHN WARRENDIR OF TRANSMISSION CONTROL CENTER
Highest-paid employee
47$258,688$54,392
MARK EKRUTPRESIDENT
Trustee or director, Officer
18$37,200$0
PAUL GRAFVICE PRESIDENT
Trustee or director, Officer
14.3$37,200$0
TRAVIS COXSECRETARY/TREASURER
Trustee or director, Officer
13$36,600$0
MILTON RISTERDIRECTOR
Trustee or director
10$36,600$0
AMY LEA SJ AKERSDIRECTOR
Trustee or director
10$36,100$0
JAMES OAKLEYDIRECTOR
Trustee or director
8$36,100$0
EMILY PATAKIDIRECTOR
Trustee or director
14$36,100$0

Address and contacts

Address (IRS master file)
PO BOX 1, JOHNSON CITY, TX 78636-0001
Principal officer (990 for 2024)
JULIE PARSLEY CEO, PO BOX 1, JOHNSON CITY, TX 78636
Signed the 990
RANDY KRUGER, CFO
Phone
(800) 868-4732
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

WE ARE COMMITTED TO DELIVERING LOW-COST, RELIABLE, AND SAFE ENERGY FOR OUR MEMBERS.

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 424,966 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
74-0828412
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1940
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,352,562,031
Income (IRS master file)
$929,924,359

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$927,894,452$926,135,673$2,352,562,031XML
990December 2023$882,753,381$879,429,439$2,211,992,643XML
990December 2022$838,417,831$825,968,573$2,075,295,828IRS
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 74-0828412).

Questions about PEDERNALES ELECTRIC COOPERATIVE INC

What is the EIN of PEDERNALES ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of PEDERNALES ELECTRIC COOPERATIVE INC is 74-0828412.
Is PEDERNALES ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
Are donations to PEDERNALES ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PEDERNALES 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 PEDERNALES 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 PEDERNALES 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 PEDERNALES ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names JULIE PARSLEY CEO.
Who are the officers and directors of PEDERNALES ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $760,898 (JULIE PARSLEY, CHIEF EXECUTIVE OFFICER).
How much revenue does PEDERNALES ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $927,894,452, expenses of $926,135,673 and total assets of $2,352,562,031 at year end.

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