Nonprofit · EIN 75-1668526
RAYBURN COUNTRY ELECTRIC COOPERATIVE INC
Tax-exempt · ROCKWALL, TX 75032
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $412,258,622 | $412,235,596 | $23,026 | $1,169,520,032 | $981,108,785 | $188,411,247 |
| December 31, 2023 | 990 | $682,998,996 | $682,961,891 | $37,105 | $1,099,492,327 | $931,025,660 | $168,466,667 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $405,695,830
- Investment income
- $6,553,192
- Net rental income
- $9,600
- Net gain from sales of assets
- -$13,585
- Other revenue
- $9,600
Expenses
- Grants and similar amounts paid
- $55,190
- Benefits paid to members
- $19,946,690
- Compensation of officers, directors and key employees
- $3,985,158
- Other salaries and wages
- $8,537,349
- Salaries, compensation and benefits (total)
- $16,695,867
- Professional fundraising fees
- $0
- Depreciation
- $20,983,597
Balance sheet and other
- Total assets, start of year
- $1,099,492,327
- Total assets, end of year
- $1,169,520,032
- Total liabilities, end of year
- $981,108,785
- Net assets, end of year
- $188,411,247
- Land, buildings and equipment
- $585,196,184
- Gross unrelated business income
- $9,600
- Gross receipts
- $412,272,207
- Employees
- 114
- Volunteers
- 0
- Year formed
- 1979
- 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 |
|---|---|---|---|---|
| DAVID NAYLOR | PRESIDENT/CHIEF EXECUTIVE Officer | 40 | $1,011,974 | $85,719 |
| STEPHEN GEIGER | CHIEF OPERATING OFFICER Officer | 40 | $591,590 | $85,719 |
| CHASE SNUFFER | CHIEF INFORMATION OFFICER Officer | 40 | $552,489 | $85,719 |
| CHRISTOPHER ANDERSON | GENERAL COUNSEL Officer | 40 | $533,176 | $85,719 |
| STEPHANIE WEEKS | CHIEF FINANCIAL OFFICER (MAR-DEC) Officer | 40 | $427,503 | $83,610 |
| CHRISTIAN NAGLE | DIRECTOR OF POWER SUPPLY Highest-paid employee | 40 | $361,845 | $84,137 |
| DONALD CANTRELL | DIRECTOR OF POWER PLANT OPERATIONS Highest-paid employee | 40 | $335,620 | $82,430 |
| DAVID BRAUN | CHIEF FINANCIAL OFFICER(JAN-MAR) Officer | 40 | $318,403 | $66,224 |
| JENNIFER PULLIAM | ASST. GENERAL COUNSEL Highest-paid employee | 40 | $300,469 | $77,597 |
| FRANK OWENS | DIRECTOR OF COMPLIANCE Highest-paid employee | 40 | $238,358 | $68,084 |
| SCOTT DONHAM | ENGINEERING MANAGER Highest-paid employee | 40 | $231,671 | $66,897 |
| DAVID MCGINNIS | CHAIRMAN Trustee or director, Officer | 2 | $10,750 | $0 |
| JEFF LANE | SECRETARY/TREASURER Trustee or director, Officer | 2 | $9,600 | $0 |
| JOHN ED SHINPAUGH | VICE CHAIRMAN Trustee or director, Officer | 2 | $7,502 | $0 |
| MARK STUBBS | ALTERNATE DIRECTOR Trustee or director | 2 | $6,400 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOWARD TILLISON | ALTERNATE DIRECTOR Trustee or director | 2 | $6,286 |
| STEVE COLLIDA | ALTERNATE DIRECTOR Trustee or director | 2 | $5,663 |
| BILL SAMUELS | ALTERNATE DIRECTOR Trustee or director | 2 | $5,594 |
| PAUL KIRKLAND | ALTERNATE DIRECTOR Trustee or director | 2 | $5,518 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID NAYLOR | PRESIDENT/CHIEF EXECUTIVE Officer | 40 | $812,748 | $84,018 |
| DAVID BRAUN | CHIEF FINANCIAL OFFICER Officer | 40 | $439,963 | $82,152 |
| STEPHEN GEIGER | CHIEF OPERATING OFFICER Officer | 40 | $417,887 | $82,042 |
| CHASE SNUFFER | CHIEF INFORMATION OFFICER Officer | 40 | $416,217 | $82,042 |
| CHRISTOPHER ANDERSON | GENERAL COUNSEL Officer | 40 | $393,393 | $82,042 |
| JOHNNY ALRID | DIRECTOR OF INFO SECURITY Highest-paid employee | 40 | $276,344 | $73,496 |
| JENNIFER PULLIAM | ASST. GENERAL COUNSEL Highest-paid employee | 40 | $275,373 | $74,140 |
| CHRISTIAN NAGLE | DIRECTOR OF POWER SUPPLY Highest-paid employee | 40 | $271,997 | $73,307 |
| STEPHANIE WEEKS | CONTROLLER Highest-paid employee | 40 | $224,816 | $66,192 |
| FRANK OWENS | DIRECTOR OF COMPLIANCE Highest-paid employee | 40 | $220,057 | $65,842 |
| DAVID MCGINNIS | CHAIRMAN Trustee or director, Officer | 2 | $10,004 | $0 |
| JEFF LANE | SECRETARY/TREASURER Trustee or director, Officer | 2 | $7,850 | $0 |
| MARK STUBBS | ALTERNATE DIRECTOR Trustee or director | 2 | $7,050 | $0 |
| JOHN ED SHINPAUGH | VICE CHAIRMAN Trustee or director, Officer | 2 | $6,472 | $0 |
| HOWARD TILLISON | ALTERNATE DIRECTOR Trustee or director | 2 | $5,436 | $0 |
| STEVE COLLIDA | ALTERNATE DIRECTOR Trustee or director | 2 | $3,992 | $0 |
| BILL SAMUELS | ALTERNATE DIRECTOR Trustee or director | 2 | $3,929 | $0 |
| PAUL KIRKLAND | ALTERNATE DIRECTOR Trustee or director | 2 | $3,028 | $0 |
Address and contacts
- Address (IRS master file)
- 950 SIDS RD, ROCKWALL, TX 75032-6512
- Principal officer (990 for 2024)
- DAVID NAYLOR, PO BOX 37, ROCKWALL, TX 75087
- Signed the 990
- STEPHANIE WEEKS, CFO
- Phone
- (469) 402-2100
- Website
- WWW.RAYBURNELECTRIC.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO MAXIMIZE THE VALUE OF OUR MEMBERS' INVESTMENT WHILE MAINTAINING COMPETITIVE WHOLESALE POWER COSTS AS WE EXEMPLIFY INTEGRITY AND EXCELLENCE.
Program accomplishments
- PROVIDING WHOLESALE ELECTRIC ENERGY TO 4 DISTRIBUTION COOPERATIVE MEMBERS 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
- 75-1668526
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,169,520,032
- Income (IRS master file)
- $412,272,207
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $412,258,622 | $412,235,596 | $1,169,520,032 | XML |
| 990 | December 2023 | $682,998,996 | $682,961,891 | $1,099,492,327 | XML |
| 990 | December 2022 | $563,041,177 | $563,024,485 | $607,018,715 | 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 75-1668526).
Questions about RAYBURN COUNTRY ELECTRIC COOPERATIVE INC
- What is the EIN of RAYBURN COUNTRY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of RAYBURN COUNTRY ELECTRIC COOPERATIVE INC is 75-1668526.
- Is RAYBURN COUNTRY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1980.
- Are donations to RAYBURN COUNTRY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RAYBURN COUNTRY 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 RAYBURN COUNTRY 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 RAYBURN COUNTRY 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 RAYBURN COUNTRY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names DAVID NAYLOR.
- Who are the officers and directors of RAYBURN COUNTRY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $1,011,974 (DAVID NAYLOR, PRESIDENT/CHIEF EXECUTIVE).
- How much revenue does RAYBURN COUNTRY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $412,258,622, expenses of $412,235,596 and total assets of $1,169,520,032 at year end.
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