Nonprofit · EIN 74-0981915
WHARTON COUNTY ELECTRIC COOPERATIVE INC
Tax-exempt · EL CAMPO, TX 77437
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $28,458,568 | $28,458,568 | $0 | $86,459,491 | $41,809,918 | $44,649,573 |
| December 31, 2023 | 990 | $28,410,342 | $28,410,342 | $0 | $82,477,702 | $40,013,155 | $42,464,547 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $28,362,030
- Investment income
- $36,862
- Net gain from sales of assets
- $2,500
- Net income from sales of inventory
- $36,004
- Other revenue
- $59,676
Expenses
- Grants and similar amounts paid
- $4,865
- Benefits paid to members
- $2,185,584
- Compensation of officers, directors and key employees
- $649,176
- Other salaries and wages
- $1,529,873
- Salaries, compensation and benefits (total)
- $2,945,628
- Professional fundraising fees
- $0
- Depreciation
- $1,925,799
Balance sheet and other
- Total assets, start of year
- $82,477,702
- Total assets, end of year
- $86,459,491
- Total liabilities, end of year
- $41,809,918
- Net assets, end of year
- $44,649,573
- Land, buildings and equipment
- $56,736,522
- Gross receipts
- $28,507,040
- Employees
- 40
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY RAYBON | GM/CEO Officer | 60 | $226,132 | $148,454 |
| KEITH BEAL | IT/METER MANAGER Highest-paid employee | 50 | $170,082 | $73,449 |
| CHRIS CAVNESS | LINE SUPERINTENDENT Highest-paid employee | 45 | $144,274 | $59,714 |
| MARY ARRENDONDO | MANAGER CSR Highest-paid employee | 43 | $132,954 | $47,812 |
| TIMOTHY BOHUSLAR | FOREMAN Highest-paid employee | 45 | $118,970 | $43,408 |
| RICKY GARZA | JOURNEYMAN Highest-paid employee | 47 | $115,516 | $23,768 |
| CYNTHIA HERNANDEZ | MANAGER OF ACCOUNTING (APR-DEC) Officer | 40 | $82,712 | $28,437 |
| PATRICIA METTING | MANAGER OF ACCOUNTING (JAN-APR) Officer | 40 | $58,380 | $39,361 |
| JOHN ROACH | PRESIDENT Trustee or director, Officer | 7 | $9,900 | $0 |
| JIM W HARTON | VICE PRESIDENT Trustee or director, Officer | 5 | $8,100 | $0 |
| GEORGE DORNAK | DIRECTOR Trustee or director | 2 | $8,100 | $0 |
| PATRICK KUBALA | ASST. SECRETARY/TREASURER Trustee or director, Officer | 3 | $7,100 | $0 |
| SAMUEL CRAIG HARDIN | DIRECTOR Trustee or director | 4.5 | $6,900 | $0 |
| TRACY FLOYD | DIRECTOR Trustee or director | 3.3 | $6,800 | $0 |
| MATT LUTRINGER | DIRECTOR Trustee or director | 3 | $6,800 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GUS WESSELS JR | SECRETARY/TREASURER Trustee or director, Officer | 1.5 | $5,100 |
| GARY CHARBULA | DIRECTOR (JUNE-DEC) Trustee or director | 4.5 | $3,500 |
| JUDY PETER | DIRECTOR (JAN-JUNE) Trustee or director | 5.5 | $3,400 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY RAYBON | GM/CEO Officer | 60 | $210,322 | $166,607 |
| KEITH BEAL | IT/METER MANAGER Highest-paid employee | 50 | $146,748 | $68,580 |
| RICHARD ARNETT | ENGINEERING SUPERINTENDENT Highest-paid employee | 50 | $109,724 | $81,819 |
| PATRICIA METTING | MANAGER OF ACCOUNTING Officer | 40 | $109,050 | $68,439 |
| CHRIS CAVNESS | LINE SUPERINTENDENT Highest-paid employee | 50 | $121,003 | $51,089 |
| TIMOTHY BOHUSLAR | FOREMAN Highest-paid employee | 45 | $103,281 | $42,007 |
| MARY ARRENDONDO | MANAGER CSR Highest-paid employee | 50 | $113,159 | $18,179 |
| JOHN ROACH | PRESIDENT Trustee or director, Officer | 20 | $10,200 | $0 |
| MATT LUTRINGER | DIRECTOR Trustee or director | 6 | $9,300 | $0 |
| TRACY FLOYD | DIRECTOR Trustee or director | 5 | $9,200 | $0 |
| PATRICK KUBALA | ASST. SECRETARY/TREASURER Trustee or director, Officer | 5 | $8,600 | $0 |
| JIM W HARTON | VICE PRESIDENT Trustee or director, Officer | 20 | $8,575 | $0 |
| JUDY PETER | DIRECTOR Trustee or director | 5.5 | $7,400 | $0 |
| SAMUEL CRAIG HARDIN | DIRECTOR Trustee or director | 20 | $7,300 | $0 |
| GEORGE DORNAK | DIRECTOR (JUNE-DEC) Trustee or director | 6 | $5,800 | $0 |
| GUS WESSELS JR | SECRETARY/TREASURER Trustee or director, Officer | 5 | $5,700 | $0 |
| NANCY PFEIL | DIRECTOR (JAN-JUNE) Trustee or director | 4 | $2,700 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 31, EL CAMPO, TX 77437-0031
- Principal officer (990 for 2024)
- GARY RAYBON, PO BOX 31, EL CAMPO, TX 77437
- Signed the 990
- GARY RAYBON, GENERAL MANAGER & CEO
- Phone
- (979) 543-6271
- Website
- WWW.MYWCEC.COOP
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO PROVIDE ECONOMICAL AND RELIABLE ELECTRIC ENERGY SERVICE TO OUR MEMBERS AND TO PROVIDE PRODUCTS, SERVICES, AND LEADERSHIP THAT WILL HAVE A POSITIVE INFLUENCE ON THE ECONOMY OF THE AREA WE SERVE.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 6,673 ACTIVE SERVICES AT YEAR END.
- BROADBAND DIVISION:SALES OF BROADBAND INTERNET SERVICES TO MEMBERS ON A COOPERATIVE BASIS. WHEN CUMULATIVE NET MARGINS DERIVED FROM MEMBER SALES OF BROADBAND INTERNET SERVICES EXCEED CUMULATIVE NET LOSSES FROM SUCH SALES, THE COOPERATIVE WILL ALLOCATE PATRONAGE CAPITAL TO THE MEMBER SUBSCRIBERS OF THIS DIVISION.
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 | Not 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
- 74-0981915
- 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)
- $86,459,491
- Income (IRS master file)
- $28,507,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $28,458,568 | $28,458,568 | $86,459,491 | XML |
| 990 | December 2023 | $28,410,342 | $28,410,342 | $82,477,702 | XML |
| 990 | December 2022 | $28,692,151 | $28,692,151 | $86,677,432 | 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 74-0981915).
Questions about WHARTON COUNTY ELECTRIC COOPERATIVE INC
- What is the EIN of WHARTON COUNTY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of WHARTON COUNTY ELECTRIC COOPERATIVE INC is 74-0981915.
- Is WHARTON COUNTY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to WHARTON COUNTY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WHARTON 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 WHARTON COUNTY 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 WHARTON 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 2024.
- Who is the principal officer of WHARTON COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names GARY RAYBON.
- Who are the officers and directors of WHARTON COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $226,132 (GARY RAYBON, GM/CEO).
- How much revenue does WHARTON COUNTY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $28,458,568, expenses of $28,458,568 and total assets of $86,459,491 at year end.
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