Nonprofit · EIN 75-0597925
TAYLOR ELECTRIC COOPERATIVE INC
Tax-exempt · MERKEL, TX 79536
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $70,702,395 | $72,819,484 | -$2,117,089 | $234,317,038 | $141,670,419 | $92,646,619 |
| December 31, 2023 | 990 | $72,942,498 | $74,616,357 | -$1,673,859 | $224,088,122 | $137,646,093 | $86,442,029 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $69,722,380
- Investment income
- $282,432
- Net rental income
- $43,928
- Net gain from sales of assets
- $108,573
- Net income from sales of inventory
- -$5,423
- Other revenue
- $697,583
Expenses
- Grants and similar amounts paid
- $30,397
- Benefits paid to members
- $9,302,679
- Compensation of officers, directors and key employees
- $1,451,203
- Other salaries and wages
- $5,098,743
- Salaries, compensation and benefits (total)
- $9,013,571
- Professional fundraising fees
- $0
- Depreciation
- $8,922,666
Balance sheet and other
- Total assets, start of year
- $224,088,122
- Total assets, end of year
- $234,317,038
- Total liabilities, end of year
- $141,670,419
- Net assets, end of year
- $92,646,619
- Land, buildings and equipment
- $180,865,469
- Gross unrelated business income
- $16,345
- Gross receipts
- $70,717,888
- Employees
- 96
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN BARTLETT | PRESIDENT/CHIEF EXECUTIVE OFFICER Officer | 53 | $344,884 | $108,189 |
| NANCY BRISCO | CHIEF FINANCIAL OFFICER Officer | 50 | $227,857 | $89,672 |
| DAVID THOMAS | DIRECTOR OF ELECTRIC OPERATIONS Key employee | 44 | $158,019 | $114,231 |
| WADE HATCH | VP OF ENGINEERING Key employee | 45 | $172,134 | $79,467 |
| JOSHUA FOSS | WORKING FOREMAN Highest-paid employee | 48.7 | $127,696 | $96,000 |
| DENISE BERNHARDT | MBR SERVICES/COMMUNICATION MGR Highest-paid employee | 40.3 | $124,349 | $83,522 |
| JOHN HASPEL | CONST & ENERGY SERVICES MGR Highest-paid employee | 40.4 | $126,703 | $63,125 |
| JASON CANTU | WORKING FOREMAN Highest-paid employee | 50.4 | $126,581 | $57,276 |
| LINDA HUNT | SR FINANCE PLANNING & ANALYSIS MGR Highest-paid employee | 41.3 | $125,655 | $32,275 |
| RICHARD PETREE | DIRECTOR Trustee or director | 5 | $29,500 | $0 |
| CECIL DAVIS | CHAIRMAN Trustee or director, Officer | 2 | $21,500 | $0 |
| DAVID MCFALL | SECRETARY/TREASURER Trustee or director, Officer | 5 | $21,500 | $0 |
| GARLAND CARTER | DIRECTOR Trustee or director | 4 | $21,500 | $0 |
| GAYLA SIMMONS | DIRECTOR Trustee or director | 4 | $21,500 | $0 |
| KATHRYN RAINEY | VICE CHAIRMAN Trustee or director, Officer | 5 | $21,500 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG BESSENT | DIRECTOR (FEB-DEC) Trustee or director | 2 | $18,000 |
| LELAND ROBINSON | DIRECTOR (JAN) Trustee or director | 0 | $1,750 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN BARTLETT | PRESIDENT/CHIEF EXECUTIVE OFFICER Officer | 53 | $331,942 | $102,019 |
| NANCY BRISCO | CHIEF FINANCIAL OFFICER Officer | 50 | $202,060 | $85,974 |
| DAVID THOMAS | DIRECTOR OF ELECTRIC OPERATIONS Key employee | 43 | $152,301 | $109,208 |
| WADE HATCH | VP OF ENGINEERING Key employee | 47 | $160,372 | $72,771 |
| JOSEPH WILSON | DIRECTOR OF FIBER OPERATIONS Highest-paid employee | 40 | $118,586 | $103,221 |
| JOSHUA FOSS | WORKING FOREMAN Highest-paid employee | 49.8 | $127,772 | $86,167 |
| JOHN HASPEL | CONST & ENERGY SERVICES MANAGER Highest-paid employee | 40 | $121,526 | $57,647 |
| JASON CANTU | WORKING FOREMAN Highest-paid employee | 50.6 | $119,882 | $53,278 |
| TYLER NEWBERRY | WORKING FOREMAN Highest-paid employee | 47.5 | $120,261 | $50,995 |
| RICHARD PETREE | DIRECTOR Trustee or director | 4 | $28,500 | $0 |
| GAYLA SIMMONS | DIRECTOR Trustee or director | 4 | $22,000 | $0 |
| CECIL DAVIS | CHAIRMAN Trustee or director, Officer | 2.5 | $21,500 | $0 |
| DAVID MCFALL | SECRETARY/TREASURER Trustee or director, Officer | 5 | $21,500 | $0 |
| KATHRYN RAINEY | DIRECTOR Trustee or director | 5 | $21,500 | $0 |
| LELAND ROBINSON | VICE CHAIRMAN Trustee or director, Officer | 2 | $21,500 | $0 |
| GARLAND CARTER | DIRECTOR Trustee or director | 3 | $21,000 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 250, MERKEL, TX 79536-0250
- Principal officer (990 for 2024)
- RYAN BARTLETT, PO BOX 250, MERKEL, TX 79536
- Signed the 990
- NANCY BRISCO, CFO
- Phone
- (325) 793-8500
- Website
- WWW.TAYLORELECTRIC.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
NONE
Program accomplishments
- ELECTRIC DIVISION:PROVIDING ELECTRIC ENERGY TO OUR MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 21,478 ACTIVE SERVICES AT YEAR END.
- FIBER INTERNET DIVISION:A SEPARATE DIVISION OF THE COOPERATIVE WAS CREATED TO PROVIDE FIBER INTERNET SERVICE TO ITS MEMBERS THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. FIBER INTERNET SERVICES ARE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT OF MARGINS FOR SUCH DIVISION. THERE WERE 4,582 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 | 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
- 75-0597925
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $234,317,038
- Income (IRS master file)
- $70,717,888
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $70,702,395 | $72,819,484 | $234,317,038 | XML |
| 990 | December 2023 | $72,942,498 | $74,616,357 | $224,088,122 | XML |
| 990 | December 2022 | $72,269,537 | $73,639,627 | $207,962,708 | 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 75-0597925).
Questions about TAYLOR ELECTRIC COOPERATIVE INC
- What is the EIN of TAYLOR ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of TAYLOR ELECTRIC COOPERATIVE INC is 75-0597925.
- Is TAYLOR ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to TAYLOR ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TAYLOR 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 TAYLOR 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 TAYLOR 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 TAYLOR ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names RYAN BARTLETT.
- Who are the officers and directors of TAYLOR ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $344,884 (RYAN BARTLETT, PRESIDENT/CHIEF EXECUTIVE OFFICER).
- How much revenue does TAYLOR ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $70,702,395, expenses of $72,819,484 and total assets of $234,317,038 at year end.
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