Nonprofit · EIN 75-0667075
WOOD COUNTY ELECTRIC COOPERATIVE
Tax-exempt · QUITMAN, TX 75783
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $90,439,075 | $90,439,075 | $0 | $236,926,590 | $121,020,189 | $115,906,401 |
| December 31, 2023 | 990 | $94,472,029 | $94,472,029 | $0 | $228,644,672 | $116,458,772 | $112,185,900 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $88,377,189
- Investment income
- $175,690
- Net rental income
- $295,683
- Net income from sales of inventory
- $23,682
- Other revenue
- $1,886,196
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $5,461,725
- Compensation of officers, directors and key employees
- $1,980,982
- Salaries, compensation and benefits (total)
- $1,980,982
- Professional fundraising fees
- $0
- Depreciation
- $6,511,084
Balance sheet and other
- Total assets, start of year
- $228,644,672
- Total assets, end of year
- $236,926,590
- Total liabilities, end of year
- $121,020,189
- Net assets, end of year
- $115,906,401
- Land, buildings and equipment
- $183,782,881
- Gross receipts
- $90,628,092
- Employees
- 100
- 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 |
|---|---|---|---|---|
| Trey Teaff | General Manager/CEO Officer, Key employee, Highest-paid employee | 44.17 | $241,362 | $203,833 |
| CH Campbell | Chief Operating Officer Key employee, Highest-paid employee | 40 | $167,639 | $120,496 |
| Steve Gillean | Serviceman Highest-paid employee | 49 | $123,103 | $91,540 |
| Diana Hall | Director of Human Resources Highest-paid employee | 46.38 | $115,504 | $78,870 |
| Summer Coleman | Director of Accounting Officer, Highest-paid employee | 41.02 | $108,683 | $76,992 |
| Daniel Williams | Construction Foreman Highest-paid employee | 48.6 | $112,255 | $63,773 |
| Nelson Reneau | Serviceman Highest-paid employee | 50.08 | $117,597 | $53,609 |
| Benny McFarland | Serviceman Highest-paid employee | 50.02 | $110,948 | $48,784 |
| Brent Glenn | Secretary/Treasurer Trustee or director | 1.1 | $34,853 | $0 |
| Cathy Roberts | Director Trustee or director | 3.2 | $34,380 | $0 |
| Kim Galyean | Director Trustee or director | 3 | $18,289 | $0 |
| Freddie Ray Jones | Director Trustee or director | 1.3 | $16,612 | $0 |
| Kenneth Langley | President Trustee or director | 4.3 | $14,818 | $0 |
| Mark Sustaire | Vice President Trustee or director | 3.2 | $14,708 | $0 |
| Shane Mitchell | Director Trustee or director | 2.3 | $12,335 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Trey Teaff | General Manager/CEO Officer, Key employee, Highest-paid employee | 42.76 | $205,469 | $191,950 |
| CH Campbell | Chief Operating Officer Key employee, Highest-paid employee | 40 | $181,952 | $126,442 |
| Steve Gillean | Serviceman Highest-paid employee | 47.77 | $114,547 | $90,396 |
| Lance Shirley | Construction Foreman Highest-paid employee | 44.88 | $110,756 | $88,506 |
| Diana Hall | Director of Human Resources Highest-paid employee | 46.44 | $106,621 | $74,874 |
| Summer Coleman | Director of Accounting Officer, Highest-paid employee | 41.41 | $101,894 | $72,666 |
| Daniel Williams | Contruction Foreman Highest-paid employee | 48.46 | $109,242 | $63,935 |
| Nelson Reneau | Serviceman Highest-paid employee | 48.01 | $106,840 | $51,533 |
| Cathy Roberts | Director Trustee or director | 4.1 | $31,104 | $0 |
| Brent Glenn | Secretary/Treasurer Trustee or director | 1 | $29,770 | $0 |
| Mark Sustaire | Vice President Trustee or director | 2.7 | $11,137 | $0 |
| Kenneth Langley | President Trustee or director | 4.2 | $11,103 | $0 |
| Jane Roberson | Director-Outgoing Trustee or director | 2.2 | $9,577 | $0 |
| Freddie Ray Jones | Director Trustee or director | 1.2 | $9,469 | $0 |
| Kim Galyean | Director Trustee or director | 1.4 | $7,504 | $0 |
| Shane Mitchell | Director-Incoming Trustee or director | 0.6 | $3,153 | $0 |
| Burke M Bullock | Director-Outgoing Trustee or director | 3 | $2,174 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1827, QUITMAN, TX 75783-2827
- In care of
- % PERATIVE
- Principal officer (990 for 2024)
- Trey Teaff, PO Box 1827, Quitman, TX 75783
- Signed the 990
- Trey Teaff, CEO/GM
- Phone
- (903) 763-2203
- Website
- www.wcec.org
Mission
As stated in the by-laws of the cooperative our aim is "to make electric energy and/or other services as allowed by applicable state and federal law available to its members at the lowest costs consistent with sound cooperative business principles."
Program accomplishments
- Sale of electricity to an average of 41,529 meters at cost on a cooperative non-profit basis for the mutual benefit of its members 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
- 75-0667075
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $236,926,590
- Income (IRS master file)
- $90,628,092
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $90,439,075 | $90,439,075 | $236,926,590 | XML |
| 990 | December 2023 | $94,472,029 | $94,472,029 | $228,644,672 | XML |
| 990 | December 2022 | $104,258,547 | $104,258,547 | $225,832,514 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 75-0667075).
Questions about WOOD COUNTY ELECTRIC COOPERATIVE
- What is the EIN of WOOD COUNTY ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of WOOD COUNTY ELECTRIC COOPERATIVE is 75-0667075.
- Is WOOD COUNTY ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to WOOD COUNTY ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WOOD COUNTY ELECTRIC COOPERATIVE 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 WOOD COUNTY ELECTRIC COOPERATIVE 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 WOOD COUNTY ELECTRIC COOPERATIVE 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 WOOD COUNTY ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names Trey Teaff.
- Who are the officers and directors of WOOD COUNTY ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $241,362 (Trey Teaff, General Manager/CEO).
- How much revenue does WOOD COUNTY ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $90,439,075, expenses of $90,439,075 and total assets of $236,926,590 at year end.
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