Nonprofit · EIN 75-0619960
TRI-COUNTY ELECTRIC COOPERATIVE INC
Tax-exempt · AZLE, TX 76020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $415,363,993 | $415,363,993 | $0 | $1,521,595,570 | $1,056,182,836 | $465,412,734 |
| December 31, 2023 | 990 | $454,006,532 | $454,255,140 | -$248,608 | $1,454,349,365 | $1,014,877,964 | $439,471,401 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $401,146,212
- Investment income
- $801,956
- Net rental income
- $77,736
- Net gain from sales of assets
- $665,170
- Other revenue
- $13,415,825
Expenses
- Grants and similar amounts paid
- $7,303
- Benefits paid to members
- $23,700,345
- Compensation of officers, directors and key employees
- $3,176,524
- Salaries, compensation and benefits (total)
- $3,176,524
- Professional fundraising fees
- $0
- Depreciation
- $25,099,790
Balance sheet and other
- Total assets, start of year
- $1,454,349,365
- Total assets, end of year
- $1,521,595,570
- Total liabilities, end of year
- $1,056,182,836
- Net assets, end of year
- $465,412,734
- Land, buildings and equipment
- $821,943,473
- Gross unrelated business income
- $38,717
- Gross receipts
- $415,462,126
- Employees
- 345
- 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 |
|---|---|---|---|---|
| SCOTT SPENCE | PRESIDENT & CEO Officer | 61 | $493,771 | $60,771 |
| WESLEY SCHEETS | COO & VP OF OPERATIONS Officer | 40 | $303,219 | $233,999 |
| MELISSA WATTS | CFO & VP OF FINANCE (THRU 6/24) Officer | 40 | $300,087 | $89,385 |
| ANDREA MCCLEESE | SENIOR VP, ENGAGEMENT & SOLUTIONS Officer | 57 | $247,389 | $105,119 |
| JOEL PENCE | LINE SUPERINTENDENT Highest-paid employee | 45 | $226,122 | $92,740 |
| CARL HERRIDGE | LINE SUPERINTENDENT Highest-paid employee | 45 | $217,238 | $85,478 |
| KEVIN HELTON | LINE SUPERINTENDENT Highest-paid employee | 45 | $235,552 | $64,611 |
| JONATHAN DOUGLASS | DIRECTOR OF IT & CYBERSECURITY Highest-paid employee | 45 | $215,282 | $52,990 |
| DUSTIN TIDBALL | CFO & VP, FINANCE Officer | 50 | $222,588 | $44,293 |
| JANET REHBERG | CSO & VP OF ENGINEERING (THRU 8/24) Officer | 40 | $215,288 | $42,933 |
| DEREK BISSETTE | RIGHT OF WAY MANAGER Highest-paid employee | 45 | $216,851 | $41,103 |
| MELONY BLOCK | VP, HUMAN RESOURCES & SAFETY Officer | 52 | $213,863 | $41,848 |
| BRAD NOACK | VP, OPERATIONS Officer | 50 | $192,714 | $46,066 |
| JENNIFER GOSS | FORMER CTO & VP OF TECHNOLOGY Former | 40 | $165,000 | $0 |
| TOMMY HIGGINBOTHAM | VP, INFORMATION TECHNOLOGY Officer | 50 | $129,256 | $20,482 |
12 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARGARET KOPREK TREASURER | & SECRETARY (THRU 11/24), DIRECTOR Trustee or director, Officer | 19.8 | $43,720 | $0 |
| JOHN KILLOUGH | VICE CHAIR (THRU 11/24) Trustee or director, Officer | 5.4 | $43,120 | $0 |
| MAX WADDELL | CHAIR (THRU 11/24), DIRECTOR Trustee or director, Officer | 5.2 | $43,120 | $0 |
| STEVE HARRIS | DIRECTOR Trustee or director | 6 | $42,520 | $0 |
| DAVID MILLER | CHAIR Trustee or director, Officer | 6.3 | $41,720 | $0 |
| SOMMER PORTWOOD | TREASURER & SECRETARY Trustee or director, Officer | 6.8 | $41,320 | $0 |
| KEVIN INGLE | DIRECTOR Trustee or director | 5.5 | $40,720 | $0 |
| LINDSEY GILLUM | CRO & VP OF POWER SUPPLY (THRU 1/24) Officer | 40 | $32,033 | $4,187 |
| MICHAEL SIVERTSEN | DIRECTOR (THRU 11/24) Trustee or director | 17.8 | $34,232 | $0 |
| JARRETT ARMSTRONG | DIRECTOR Trustee or director | 4.5 | $4,294 | $0 |
| TIMMY YEARY | VICE CHAIR Trustee or director, Officer | 3.1 | $0 | $0 |
| DAVID MANNING | DIRECTOR Trustee or director | 4.9 | $0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARRYL SCHRIVER | PRESIDENT & CEO (THRU 7/23) Officer | 60 | $624,097 | $111,620 |
| WESLEY SCHEETS | COO & VP OF OPERATIONS Officer | 60 | $327,740 | $269,388 |
| MELISSA WATTS | CFO & VP OF FINANCE Officer | 60 | $348,928 | $109,527 |
| JANET REHBERG | CSO & VP OF ENGINEERING Officer | 60 | $315,740 | $54,152 |
| DUSTIN TIDBALL | CONTROLLER & AVP OF FINANCE Highest-paid employee | 50 | $289,757 | $39,953 |
| ANDREA MCCLEESE | AVP OF MEMBER SERVICES Highest-paid employee | 55 | $225,708 | $92,047 |
| JENNIFER GOSS | CTO & VP OF TECHNOLOGY (THRU 10/23) Officer | 45 | $247,066 | $43,281 |
| JONATHAN DOUGLAS | DIRECTOR OF IT & CYBERSECURITY Highest-paid employee | 45 | $214,480 | $49,720 |
| DAREN CURRY | DIRECTOR OF ENGINEERING Highest-paid employee | 43 | $203,767 | $50,943 |
| MELONY BLOCK | AVP OF HUMAN RESOURCES Highest-paid employee | 55 | $207,664 | $33,356 |
| LINDSEY GILLUM | CRO & VP OF POWER SUPPLY Officer | 55 | $204,717 | $35,983 |
| NICHOLE ESHBAUGH | CTO/VP OF IT (THRU 1/23) Officer | 40 | $104,740 | $3,465 |
| MICHAEL SIVERTSEN | DIRECTOR Trustee or director | 17.8 | $51,000 | $0 |
| STEVE HARRIS | DIRECTOR Trustee or director | 4.8 | $50,500 | $0 |
| SOMMER PORTWOOD | DIRECTOR Trustee or director | 10 | $47,400 | $0 |
| JERRY WALDEN | DIRECTOR (THRU 12/23) Trustee or director | 11.1 | $45,600 | $0 |
| JORDEN WOOD | DIRECTOR (THRU 11/23) Trustee or director | 5.8 | $45,400 | $0 |
| MAX WADDELL | BOARD CHAIRMAN Trustee or director, Officer | 5 | $44,400 | $0 |
| MARGARET KOPREK | SECRETARY/TREASURER Trustee or director, Officer | 13.2 | $43,200 | $0 |
| KEVIN INGLE | DIRECTOR Trustee or director | 5 | $42,000 | $0 |
| JOHN KILLOUGH | VICE-CHAIRMAN Trustee or director, Officer | 5.4 | $41,400 | $0 |
Address and contacts
- Address (IRS master file)
- 600 NW PARKWAY ST, AZLE, TX 76020-0000
- Principal officer (990 for 2024)
- SCOTT SPENCE, 600 NORTHWEST PKWY, AZLE, TX 760202916
- Signed the 990
- SCOTT SPENCE, PRESIDENT & CHIEF EXECUTIVE OFFICER
- Phone
- (817) 444-3201
- Website
- WWW.TCECTEXAS.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
OUR MISSION IS TO PROVIDE SAFE AND RELIABLE POWER AT THE LOWEST POSSIBLE COST
Program accomplishments
- TO PROVIDE TO OUR MEMBERS - 140,694 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED 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
- 75-0619960
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,521,595,570
- Income (IRS master file)
- $415,462,126
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $415,363,993 | $415,363,993 | $1,521,595,570 | IRS |
| 990 | December 2023 | $454,006,532 | $454,255,140 | $1,454,349,365 | XML |
| 990 | December 2022 | $435,689,159 | $435,340,285 | $1,361,410,167 | 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 75-0619960).
Questions about TRI-COUNTY ELECTRIC COOPERATIVE INC
- What is the EIN of TRI-COUNTY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of TRI-COUNTY ELECTRIC COOPERATIVE INC is 75-0619960.
- Is TRI-COUNTY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to TRI-COUNTY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRI-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 TRI-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 TRI-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 TRI-COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names SCOTT SPENCE.
- Who are the officers and directors of TRI-COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 27 people; 25 received compensation from the organization, the highest $493,771 (SCOTT SPENCE, PRESIDENT & CEO).
- How much revenue does TRI-COUNTY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $415,363,993, expenses of $415,363,993 and total assets of $1,521,595,570 at year end.
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