Nonprofit · EIN 75-0233075
DENTON COUNTY ELECTRIC COOPERATIVE INC
Tax-exempt · CORINTH, TX 76210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $861,693,075 | $860,619,539 | $1,073,536 | $2,259,219,165 | $1,410,580,829 | $848,638,336 |
| December 31, 2023 | 990 | $780,794,954 | $778,995,977 | $1,798,977 | $2,107,533,496 | $1,296,053,195 | $811,480,301 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $858,021,688
- Investment income
- $1,881,291
- Net rental income
- $1,262,096
- Net gain from sales of assets
- $297,630
- Other revenue
- $1,790,096
Expenses
- Grants and similar amounts paid
- $86,568
- Benefits paid to members
- $37,886,930
- Compensation of officers, directors and key employees
- $4,753,403
- Other salaries and wages
- $33,424,501
- Salaries, compensation and benefits (total)
- $53,952,417
- Professional fundraising fees
- $0
- Depreciation
- $45,620,346
Balance sheet and other
- Total assets, start of year
- $2,107,533,496
- Total assets, end of year
- $2,259,219,165
- Total liabilities, end of year
- $1,410,580,829
- Net assets, end of year
- $848,638,336
- Land, buildings and equipment
- $1,171,102,170
- Gross unrelated business income
- $46,702
- Gross receipts
- $862,637,982
- Employees
- 543
- 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 |
|---|---|---|---|---|
| DONALD CLARY | PRESIDENT & CEO Officer | 50 | $1,068,113 | $209,452 |
| PHILIP HASSELL | SENIOR VP - FIELD OPERATIONS Officer | 42 | $349,596 | $215,985 |
| DENISE SMITHERS | SENIOR VP - CUSTOMER CARE/ENGMENT Officer | 45 | $385,948 | $135,506 |
| GARY FRANZEN | SENIOR VP - ENERGY RESOURCES Officer | 50 | $366,659 | $149,828 |
| BRENT BISHOP | SENIOR VP & CFO Officer | 45 | $387,075 | $122,510 |
| GREG WARD | SENIOR VP - ENERGY INFRASTRUCTURE Officer | 50 | $370,125 | $121,715 |
| JEFFREY MCNEAL | SENIOR VP - INFORMATION TECHNOLOGY Officer | 50 | $369,318 | $110,814 |
| DYAN JAMES | SENIOR VP - CORPORATE SERVICES Officer | 45 | $347,832 | $76,253 |
| CHARLES TURNER | ADVISOR TO THE CFO Highest-paid employee | 40 | $241,305 | $81,903 |
| PETER NYLEC | DIRECTOR OF ENGINEERING Highest-paid employee | 45 | $256,132 | $49,651 |
| JACKIE GRASS | DIRECTOR OF UTILITY ACCOUNTING Highest-paid employee | 45 | $228,119 | $69,424 |
| HEATHER MIZE | DIRECTOR OF HUMAN RESOURCES (JAN-SEP) Highest-paid employee | 45 | $243,100 | $48,275 |
| CHAD LUIG | DIRECTOR OF FINANCE Highest-paid employee | 45 | $221,119 | $67,664 |
| TRISHA SHEFFIELD | CHAIR Trustee or director, Officer | 10.3 | $46,400 | $0 |
| CHRISTOPHER MCCRAW | DIRECTOR Trustee or director | 9.3 | $44,900 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JARETT ADAIR | SECRETARY/TREASURER Trustee or director, Officer | 9 | $43,900 |
| WILLIAM KOLLAR | DIRECTOR Trustee or director | 8.9 | $41,990 |
| WILLIAM RAGSDALE | VICE CHAIR Trustee or director, Officer | 7.8 | $39,900 |
| RICHARD MUIR | DIRECTOR (JAN-OCT) Trustee or director | 7.5 | $34,950 |
| LEON PELZEL | DIRECTOR (JAN-AUG) Trustee or director | 7 | $24,600 |
| LYNN STUCKY | DIRECTOR (OCT-DEC) Trustee or director | 9.6 | $4,450 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD CLARY | PRESIDENT & CEO Officer | 50 | $1,359,899 | $312,040 |
| PHILIP HASSELL | SENIOR VP - FIELD OPERATIONS Officer | 45 | $315,256 | $187,783 |
| DENISE SMITHERS | SENIOR VP - CUSTOMER CARE/ENGAGEMENT Officer | 45 | $365,317 | $129,187 |
| BRENT BISHOP | SENIOR VP & CFO Officer | 45 | $371,558 | $115,956 |
| JEFFREY MCNEAL | SENIOR VP - INFORMATION TECHNOLOGY Officer | 45 | $350,210 | $111,139 |
| GREG WARD | SENIOR VP - ENERGY INFRASTRUCTURE Officer | 50 | $348,768 | $111,532 |
| GARY FRANZEN | SENIOR VP - ENERGY RESOURCES Officer | 50 | $323,602 | $109,676 |
| DYAN JAMES | SENIOR VP - CORPORATE SERVICES Officer | 45 | $312,590 | $60,054 |
| CHARLES TURNER | DIRECTOR - FINANCE Highest-paid employee | 45 | $239,534 | $73,508 |
| GREG RICE | DIRECTOR - IT ENTERPRISE APPLICATION Highest-paid employee | 45 | $197,447 | $87,772 |
| ROBBY HAMLIN | SENIOR VP - ENGINEERING SVCS (JAN) Officer | 45 | $214,361 | $58,389 |
| JACKIE GRASS | DIRECTOR - ACCOUNTING Highest-paid employee | 45 | $205,356 | $57,934 |
| CHAD LUIG | DIRECTOR - CORPORATE COMPLIANCE Highest-paid employee | 45 | $200,059 | $59,397 |
| PETER NYLEC | DIRECTOR - ENGINEERING Highest-paid employee | 45 | $215,384 | $29,722 |
| TRISHA SHEFFIELD | CHAIR Trustee or director, Officer | 11.3 | $47,900 | $0 |
| CHRISTOPHER MCCRAW | DIRECTOR Trustee or director, Officer | 9.2 | $46,400 | $0 |
| WILLIAM RAGSDALE | DIRECTOR Trustee or director, Officer | 10 | $45,400 | $0 |
| JARETT ADAIR | SECRETARY/TREASURER Trustee or director | 8.6 | $42,400 | $0 |
| LEON PELZEL | VICE CHAIR Trustee or director | 8.5 | $41,400 | $0 |
| RICHARD MUIR | DIRECTOR Trustee or director | 8.3 | $40,400 | $0 |
| MARK RUTLEDGE | DIRECTOR (JAN-JUNE) Trustee or director | 12.7 | $26,200 | $0 |
| WILLIAM KOLLAR | DIRECTOR (JULY-DEC) Trustee or director | 11.1 | $24,200 | $0 |
Address and contacts
- Address (IRS master file)
- 7701 SOUTH STEMMONS, CORINTH, TX 76210-0000
- Principal officer (990 for 2024)
- DONALD CLARY, 7701 SOUTH STEMMONS FREEWAY, CORINTH, TX 76210
- Signed the 990
- BRENT BISHOP, CFO
- Phone
- (940) 321-7800
- Website
- WWW.COSERV.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO DELIVER EXCELLENT SERVICE TO OUR MEMBERS AND CUSTOMERS BY PROVIDING SAFE AND RELIABLE ENERGY SOLUTIONS.
Program accomplishments
- SALES OF ELECTRICITY AND RELATED SERVICES TO MEMBERS WERE PROVIDED AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THE COOPERATIVE PROVIDED ELECTRICITY TO 323,783 ACTIVE MEMBER 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 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
- 75-0233075
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,259,219,165
- Income (IRS master file)
- $862,637,982
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $861,693,075 | $860,619,539 | $2,259,219,165 | XML |
| 990 | December 2023 | $780,794,954 | $778,995,977 | $2,107,533,496 | XML |
| 990 | December 2022 | $826,144,853 | $824,911,246 | $2,042,962,594 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 75-0233075).
Questions about DENTON COUNTY ELECTRIC COOPERATIVE INC
- What is the EIN of DENTON COUNTY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of DENTON COUNTY ELECTRIC COOPERATIVE INC is 75-0233075.
- Is DENTON COUNTY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to DENTON COUNTY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DENTON 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 DENTON 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 DENTON 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 DENTON COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names DONALD CLARY.
- Who are the officers and directors of DENTON COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 21 received compensation from the organization, the highest $1,068,113 (DONALD CLARY, PRESIDENT & CEO).
- How much revenue does DENTON COUNTY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $861,693,075, expenses of $860,619,539 and total assets of $2,259,219,165 at year end.
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