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Nonprofit · EIN 75-0458545

NAVARRO COUNTY ELECTRIC COOPERATIVE INC

Tax-exempt · CORSICANA, TX 75151

Financials

$70.2M$70.2M2023$65.6M$65.6M2024
Revenue Expenses · by fiscal year end
Financials of NAVARRO COUNTY ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$65,585,865$65,585,865$0$118,999,631$43,805,730$75,193,901
December 31, 2023990$70,165,527$70,165,527$0$117,808,267$42,314,950$75,493,317
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$64,711,122
Investment income
$717,624
Other revenue
$157,119

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,575,425
Compensation of officers, directors and key employees
$1,537,015
Other salaries and wages
$1,956,680
Salaries, compensation and benefits (total)
$4,380,443
Professional fundraising fees
$0
Depreciation
$3,613,890

Balance sheet and other

Total assets, start of year
$117,808,267
Total assets, end of year
$118,999,631
Total liabilities, end of year
$43,805,730
Net assets, end of year
$75,193,901
Land, buildings and equipment
$66,041,348
Gross receipts
$65,585,865
Employees
49
Volunteers
0
Year formed
1937
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
LINDY SHAWMANAGER OF ADMINISTRATION
Officer
40$184,748$71,923
COURTNEY SADBERRYGENERAL MANAGER/CEO
Officer
40$198,324$54,736
MIKE LAWRENCEMANAGER OF CONSTRUCTION & OPERATIONS
Officer
40$147,995$87,753
MARK RASHMANAGER OF MEMBER SERVICES
Key employee
40$150,056$50,324
LARRY HARRISONLINEMAN
Highest-paid employee
40$128,037$48,722
JERAD TAYLORSUPERINTENDENT/SAFETY MANAGER
Highest-paid employee
40$139,979$30,314
ALBERT FISHERLINEMAN
Highest-paid employee
40$124,325$41,994
BARBARA SIVILSMANAGER OF METER READERS
Officer
40$114,692$45,847
CLARENCE BARBERLINEMAN
Highest-paid employee
40$127,615$32,014
MATTHEW CUNNINGHAMLINEMAN
Highest-paid employee
40$127,226$31,165
KIMBERLY DERDENCFO
Officer
40$114,692$12,732
BILLY JONESGENERAL MANAGER/CEO (JAN)
Officer
40$59,107$2,872
ROBERT SHEFFIELDVICE PRESIDENT
Trustee or director, Officer
2$38,904$0
RON BUCKLEYPRESIDENT
Trustee or director, Officer
2$38,841$0
BENNY MELTONDIRECTOR
Trustee or director
2$37,312$0
4 more people on this return
NameTitleHours / weekCompensation
BILLY SOUTHARDDIRECTOR
Trustee or director
2$36,883
GEORGE SMITHSECRETARY/TREASURER
Trustee or director, Officer
2$36,334
GARY MURPHYDIRECTOR
Trustee or director
2$32,882
JULIE MRAZDIRECTOR
Trustee or director
2$20,058
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
BILLY JONESGENERAL MANAGER/CEO
Officer
40$217,486$84,332
LINDY SHAWMANAGER OF ADMINISTRATION
Officer
50$178,343$56,466
COURTNEY SADBERRYCFO/OFFICE MANAGER
Officer
40$168,711$56,841
MIKE LAWRENCEMANAGER OF CONS & OPS
Officer
45$143,945$80,076
MARK RASHCUSTOMER SERVICE MANAGER
Highest-paid employee
40$145,334$36,873
SAMUEL MILLERSAFETY COORDINATOR
Highest-paid employee
40$131,697$44,267
ALBERT FISHERLINEMAN
Highest-paid employee
47.6$123,854$40,104
CLARENCE BARBERLINEMAN
Highest-paid employee
48.5$127,733$29,703
JERAD TAYLORFOREMAN
Highest-paid employee
45$124,539$28,763
GEORGE SMITHSECRETARY
Trustee or director, Officer
2$37,652$0
BENNY MELTONDIRECTOR
Trustee or director
2$37,302$0
ROBERT SHEFFIELDVICE PRESIDENT
Trustee or director, Officer
2$37,302$0
BILLY SOUTHARDDIRECTOR
Trustee or director
2$37,009$0
RON BUCKLEYPRESIDENT
Trustee or director, Officer
4$36,117$0
GARY MURPHYDIRECTOR
Trustee or director
2$32,787$0
JULIE MRAZDIRECTOR
Trustee or director
2$21,366$0

Address and contacts

Address (IRS master file)
PO BOX 616, CORSICANA, TX 75151-0616
In care of
% JILL SADBERRY
Principal officer (990 for 2024)
TRENA QUINN, PO BOX 616, CORSICANA, TX 75151
Signed the 990
TRENA QUINN, GENERAL MANAGER/CEO
Phone
(903) 874-7411
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

TO PROVIDE ELECTRICITY TO OUR MEMBERS IN THE RURAL COMMUNITIES WE SERVE.

990 for the year ended December 31, 2024

Program accomplishments

  • SALE OF ELECTRIC POWER TO OUR MEMBERS AT COST ON COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,262 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
75-0458545
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)
$118,999,631
Income (IRS master file)
$65,585,865

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$65,585,865$65,585,865$118,999,631XML
990December 2023$70,165,527$70,165,527$117,808,267XML
990December 2022$69,885,428$69,885,428$111,808,693IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 75-0458545).

Questions about NAVARRO COUNTY ELECTRIC COOPERATIVE INC

What is the EIN of NAVARRO COUNTY ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of NAVARRO COUNTY ELECTRIC COOPERATIVE INC is 75-0458545.
Is NAVARRO COUNTY ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
Are donations to NAVARRO COUNTY ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NAVARRO 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 NAVARRO 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 NAVARRO 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 NAVARRO COUNTY ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names TRENA QUINN.
Who are the officers and directors of NAVARRO COUNTY ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $184,748 (LINDY SHAW, MANAGER OF ADMINISTRATION).
How much revenue does NAVARRO COUNTY ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $65,585,865, expenses of $65,585,865 and total assets of $118,999,631 at year end.

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