Nonprofit · EIN 75-0273171
LIGHTHOUSE ELECTRIC COOPERATIVE INC
Tax-exempt · FLOYDADA, TX 79235
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $44,705,875 | $44,705,875 | $0 | $115,237,398 | $53,091,230 | $62,146,168 |
| December 31, 2024 | 990 (amended) | $39,419,336 | $39,419,336 | $0 | $113,602,023 | $51,808,197 | $61,793,826 |
| December 31, 2023 | 990 | $42,509,701 | $42,509,701 | $0 | $112,090,914 | $51,546,687 | $60,544,227 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $44,478,066
- Investment income
- $196,568
- Net gain from sales of assets
- $64,500
- Net income from sales of inventory
- $4,996
- Other revenue
- $31,241
Expenses
- Grants and similar amounts paid
- $26,747
- Benefits paid to members
- $1,348,936
- Compensation of officers, directors and key employees
- $479,171
- Other salaries and wages
- $2,956,384
- Salaries, compensation and benefits (total)
- $4,945,629
- Professional fundraising fees
- $0
- Depreciation
- $3,575,728
Balance sheet and other
- Total assets, start of year
- $113,602,023
- Total assets, end of year
- $115,237,398
- Total liabilities, end of year
- $53,091,230
- Net assets, end of year
- $62,146,168
- Land, buildings and equipment
- $66,010,691
- Gross unrelated business income
- $20,050
- Gross receipts
- $44,776,206
- Employees
- 54
- Volunteers
- 0
- Year formed
- 1939
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALBERT DANIEL | GENERAL MANAGER/EXECUTIVE Officer | 45 | $197,886 | $85,145 |
| CHAD BUIE | DIRECTOR OF ENGINEERING Highest-paid employee | 50 | $129,519 | $49,660 |
| HECTOR RODRIGUEZ | CONSTRUCTION FOREMAN Highest-paid employee | 50 | $137,292 | $25,839 |
| RICKEY HUGHES | SERVICEMAN Highest-paid employee | 45 | $125,047 | $37,852 |
| JUAN MANUEL MARTINEZ | UNDERGROUND FOREMAN Highest-paid employee | 50 | $126,719 | $33,776 |
| CARLOS RENDON | SERVICEMAN FOREMAN Highest-paid employee | 50 | $123,170 | $26,063 |
| WESLEY CAMPBELL | DIRECTOR Trustee or director | 1.06 | $21,840 | $0 |
| MARK HEGI | PRESIDENT Trustee or director, Officer | 3.44 | $21,840 | $0 |
| WD THORNBERRY | SECRETARY/TREASURER Trustee or director, Officer | 3.29 | $21,840 | $0 |
| CLIFF TIPPETT | DIRECTOR Trustee or director | 1.45 | $21,840 | $0 |
| CHASE YOUNG | DIRECTOR Trustee or director | 1.27 | $21,840 | $0 |
| RON GRAVES | VICE PRESIDENT Trustee or director, Officer | 4.27 | $21,770 | $0 |
| BRIAN TEEPLE | DIRECTOR Trustee or director | 1.12 | $21,770 | $0 |
| RONALD MULLIN | DIRECTOR Trustee or director | 1.76 | $21,700 | $0 |
| MATTHEW RAINWATER | DIRECTOR Trustee or director | 1.21 | $21,700 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALBERT DANIEL | GENERAL MANAGER/EXECUTIVE VP Officer | 60 | $185,307 | $66,543 |
| DANNY NIXON | LINE SUPERINTENDENT Highest-paid employee | 60 | $130,836 | $88,530 |
| LARRY SMITH | WORKING FOREMAN Highest-paid employee | 50 | $124,423 | $69,720 |
| CHAD BUIE | DIRECTOR OF ENGINEERING Highest-paid employee | 50 | $126,945 | $47,173 |
| TRACY SMITH | WAREHOUSE FOREMAN Highest-paid employee | 40 | $118,671 | $50,076 |
| HECTOR RODRIGUEZ | CONSTRUCTION FOREMAN Highest-paid employee | 50 | $134,998 | $25,175 |
| MARK HEGI | PRESIDENT Trustee or director, Officer | 3.9 | $21,840 | $0 |
| BRIAN TEEPLE | DIRECTOR Trustee or director | 1.4 | $21,840 | $0 |
| WD THORNBERRY | SECRETARY/TREASURER Trustee or director, Officer | 3.6 | $21,840 | $0 |
| WESLEY CAMPBELL | DIRECTOR Trustee or director | 1.2 | $21,770 | $0 |
| RON GRAVES | VICE PRESIDENT Trustee or director, Officer | 1.5 | $21,770 | $0 |
| RONALD MULLIN | DIRECTOR Trustee or director | 1.7 | $21,770 | $0 |
| MATTHEW RAINWATER | DIRECTOR Trustee or director | 2.1 | $21,770 | $0 |
| CLIFF TIPPETT | DIRECTOR (MAY-DEC) Trustee or director | 2.3 | $14,490 | $0 |
| CHASE YOUNG | DIRECTOR (MAY-DEC) Trustee or director | 1 | $14,490 | $0 |
| PAUL SCHACT | DIRECTOR (JAN-APRIL) Trustee or director | 1.6 | $7,450 | $0 |
| DEAN YARBROUGH | DIRECTOR (JAN-APRIL) Trustee or director | 3.2 | $7,203 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALBERT DANIEL | EXECUTIVE VP/GENERAL MANAGER Officer | 45 | $172,950 | $57,721 |
| DANNY NIXON | OPERATIONS MANAGER Highest-paid employee | 60 | $123,884 | $75,774 |
| CHAD BUIE | DIRECTOR OF ENGINEERING Highest-paid employee | 50 | $122,637 | $42,304 |
| FIDEL VALDES | SERVICEMAN Highest-paid employee | 50 | $116,682 | $34,197 |
| GRANT CAGE | SERVICEMAN Highest-paid employee | 50 | $115,386 | $35,435 |
| HECTOR RODRIGUEZ | CONSTRUCTION FOREMAN Highest-paid employee | 50 | $123,409 | $24,143 |
| MARK HEGI | PRESIDENT Trustee or director, Officer | 2.2 | $21,980 | $0 |
| WD THORNBERRY | SECRETARY/TREASURER Trustee or director, Officer | 3.9 | $21,980 | $0 |
| PAUL SCHACHT | DIRECTOR Trustee or director | 1.6 | $21,980 | $0 |
| WESLEY CAMPBELL | DIRECTOR Trustee or director | 1.5 | $21,980 | $0 |
| RON GRAVES | VICE PRESIDENT (JAN-APR) Trustee or director, Officer | 3.8 | $21,910 | $0 |
| DEAN YARBROUGH | DIRECTOR Trustee or director | 3.2 | $21,910 | $0 |
| RONALD MULLIN | DIRECTOR Trustee or director | 1.8 | $21,840 | $0 |
| BRIAN TEEPLE | DIRECTOR (MAY-DEC) Trustee or director | 2.6 | $14,490 | $0 |
| MATTHEW RAINWATER | DIRECTOR (MAY-DEC) Trustee or director | 1.3 | $14,490 | $0 |
| MARK APPLING | PRESIDENT (JAN-APR) Trustee or director, Officer | 3 | $8,190 | $0 |
| JOHN DUNLAP | VICE PRESIDENT (JAN-APR) Trustee or director, Officer | 2.5 | $7,350 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 600, FLOYDADA, TX 79235-0600
- Principal officer (990 for 2025)
- ALBERT DANIEL, PO BOX 600, FLOYDADA, TX 79235
- Signed the 990
- ALBERT DANIEL, GENERAL MANAGER/EXECUTIVE VP
- Phone
- (806) 983-2814
- Website
- WWW.LIGHTHOUSE.COOP
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
EMPOWERING OUR MEMBERS BY PROVIDING THE SAFEST, MOST RELIABLE, AND AFFORDABLE ENERGY SOLUTIONS THAT SAFE PRACTICES AND INFORMED PLANNING ALLOWS.
Program accomplishments
- SALE OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 9,547 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 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
- 75-0273171
- 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)
- $115,237,398
- Income (IRS master file)
- $44,776,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $44,705,875 | $44,705,875 | $115,237,398 | XML |
| 990 | December 2024 | $39,419,336 | $39,419,336 | $113,602,023 | XML |
| 990 | December 2023 | $42,509,701 | $42,509,701 | $112,090,914 | XML |
| 990 | December 2022 | $36,666,400 | $36,666,400 | $102,333,599 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-0273171).
Questions about LIGHTHOUSE ELECTRIC COOPERATIVE INC
- What is the EIN of LIGHTHOUSE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of LIGHTHOUSE ELECTRIC COOPERATIVE INC is 75-0273171.
- Is LIGHTHOUSE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to LIGHTHOUSE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LIGHTHOUSE 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 LIGHTHOUSE ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LIGHTHOUSE ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LIGHTHOUSE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names ALBERT DANIEL.
- Who are the officers and directors of LIGHTHOUSE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $197,886 (ALBERT DANIEL, GENERAL MANAGER/EXECUTIVE).
- How much revenue does LIGHTHOUSE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $44,705,875, expenses of $44,705,875 and total assets of $115,237,398 at year end.
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