Nonprofit · EIN 75-0384046
LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION
Tax-exempt · BLOSSOM, TX 75416
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $37,157,272 | $37,163,272 | -$6,000 | $78,378,702 | $47,712,026 | $30,666,676 |
| December 31, 2023 | 990 | $36,424,011 | $36,432,011 | -$8,000 | $60,763,330 | $31,867,060 | $28,896,270 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $35,830,607
- Investment income
- $865,009
- Net rental income
- $28,656
- Net gain from sales of assets
- $417,642
- Net income from sales of inventory
- $16,058
- Other revenue
- $461,656
Expenses
- Grants and similar amounts paid
- $6,000
- Benefits paid to members
- $2,032,305
- Compensation of officers, directors and key employees
- $1,056,407
- Other salaries and wages
- $1,685,606
- Salaries, compensation and benefits (total)
- $3,844,793
- Professional fundraising fees
- $0
- Depreciation
- $3,121,113
Balance sheet and other
- Total assets, start of year
- $60,763,330
- Total assets, end of year
- $78,378,702
- Total liabilities, end of year
- $47,712,026
- Net assets, end of year
- $30,666,676
- Land, buildings and equipment
- $58,721,727
- Gross unrelated business income
- -$24,784
- Gross receipts
- $37,205,639
- Employees
- 45
- 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 |
|---|---|---|---|---|
| BRYAN STORY | CHIEF EXECUTIVE OFFICER Officer | 40 | $200,114 | $59,919 |
| JEFFREY S SANSOM | OPERATIONS MANAGER Highest-paid employee | 40 | $150,735 | $80,195 |
| WILL ARMSTRONG | WORKING FOREMAN Highest-paid employee | 40 | $114,361 | $90,152 |
| RONNIE BRIDGES | WORKING FOREMAN Highest-paid employee | 40 | $114,574 | $71,048 |
| DREW CONDER | RIGHT-OF-WAY SUPERINTENDENT Highest-paid employee | 40 | $117,415 | $52,818 |
| RYAN DEAN | ENGINEERING AND TRANSMISSION TECHNICIAN Highest-paid employee | 40 | $123,140 | $18,140 |
| GEORGE M WOOD | PRESIDENT Officer | 1.55 | $9,600 | $598 |
| JEREMY HAMIL | DIRECTOR Trustee or director | 1.18 | $9,000 | $598 |
| LYLE D YODER | VICE PRESIDENT Officer | 1.18 | $9,000 | $598 |
| RON E TIPPIT | DIRECTOR Trustee or director | 1.45 | $8,400 | $598 |
| JAMES FLOYD | DIRECTOR Trustee or director | 1.45 | $8,400 | $598 |
| BARBARA GOLDEN | DIRECTOR Trustee or director | 1.32 | $8,400 | $598 |
| MATTHEW ALBUS | DIRECTOR Trustee or director | 1.1 | $7,800 | $598 |
| MICHAEL WILLIAMS | SECRETARY/TREASURER Officer | 1.3 | $7,200 | $598 |
| JOSH HOSTETLER | DIRECTOR Trustee or director | 1.04 | $7,200 | $498 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRYAN STORY | CHIEF EXECUTIVE OFFICER Officer | 40 | $187,584 | $56,160 |
| JEFFREY S SANSOM | OPERATIONS MANAGER Highest-paid employee | 40 | $136,573 | $79,449 |
| WILL ARMSTRONG | WORKING FOREMAN Highest-paid employee | 40 | $109,081 | $90,219 |
| RONNIE BRIDGES | WORKING FOREMAN Highest-paid employee | 40 | $109,547 | $68,895 |
| RYAN DEAN | ENGINEERING AND TRANSMISSION TECHNICIAN Highest-paid employee | 40 | $116,032 | $42,640 |
| DREW CONDER | RIGHT-OF-WAY SUPERINTENDENT Highest-paid employee | 40 | $110,290 | $47,093 |
| RON E TIPPIT | DIRECTOR Trustee or director | 1.2 | $4,400 | $0 |
| JAMES FLOYD | DIRECTOR Trustee or director | 1.2 | $4,400 | $0 |
| BARBARA GOLDEN | DIRECTOR Trustee or director | 1.04 | $4,200 | $0 |
| LYLE D YODER | VICE PRESIDENT Officer | 0.88 | $4,100 | $0 |
| JEREMY HAMIL | DIRECTOR Trustee or director | 0.89 | $3,900 | $0 |
| GEORGE M WOOD | PRESIDENT Officer | 1.3 | $3,600 | $0 |
| MICHAEL WILLIAMS | SECRETARY/TREASURER Officer | 1.15 | $3,600 | $0 |
| MATTHEW ALBUS | DIRECTOR Trustee or director | 0.63 | $3,000 | $0 |
| ALLEN BRANCH | DIRECTOR Trustee or director | 0.75 | $2,700 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 68, BLOSSOM, TX 75416-0068
- Principal officer (990 for 2024)
- Bryan Story, PO Box 68, Blossom, TX 754160068
- Signed the 990
- BRYAN STORY, GENERAL MANAGER AND CEO
- Phone
- (903) 784-4303
- Website
- www.lamarelectric.coop
Mission
THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE, RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 13,739 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
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
- 75-0384046
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $78,378,702
- Income (IRS master file)
- $37,205,639
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $37,157,272 | $37,163,272 | $78,378,702 | XML |
| 990 | December 2023 | $36,424,011 | $36,432,011 | $60,763,330 | XML |
| 990 | December 2022 | $28,280,348 | $28,285,348 | $60,876,804 | 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 75-0384046).
Questions about LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION
- What is the EIN of LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION?
- The employer identification number (EIN) of LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION is 75-0384046.
- Is LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION 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 LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION 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 LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION 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 LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION?
- The 990 for the year ended December 31, 2024 names Bryan Story.
- Who are the officers and directors of LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $200,114 (BRYAN STORY, CHIEF EXECUTIVE OFFICER).
- How much revenue does LAMAR COUNTY ELECTRIC COOPERATIVE ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $37,157,272, expenses of $37,163,272 and total assets of $78,378,702 at year end.
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