Nonprofit · EIN 75-2701263
TRINITY VALLEY ELECTRIC COOPERATIVE INC
Tax-exempt · KAUFMAN, TX 75142
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $197,727,488 | $197,263,529 | $463,959 | $481,165,027 | $286,767,038 | $194,397,989 |
| December 31, 2023 | 990 | $201,369,793 | $200,552,254 | $817,539 | $429,806,254 | $240,157,589 | $189,648,665 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $196,368,075
- Investment income
- $365,071
- Net gain from sales of assets
- $295,230
- Net income from sales of inventory
- -$1,633
- Other revenue
- $994,342
Expenses
- Grants and similar amounts paid
- $6,746
- Benefits paid to members
- $5,860,584
- Compensation of officers, directors and key employees
- $3,117,412
- Other salaries and wages
- $8,750,218
- Salaries, compensation and benefits (total)
- $16,828,454
- Professional fundraising fees
- $0
- Depreciation
- $16,653,465
Balance sheet and other
- Total assets, start of year
- $429,806,254
- Total assets, end of year
- $481,165,027
- Total liabilities, end of year
- $286,767,038
- Net assets, end of year
- $194,397,989
- Land, buildings and equipment
- $377,287,605
- Gross receipts
- $197,804,271
- Employees
- 217
- Volunteers
- 0
- Year formed
- 1997
- 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 |
|---|---|---|---|---|
| JEFFREY LANE | CEO/GENERAL MANAGER Officer | 50 | $350,867 | $175,014 |
| THOMAS WATSON | COO/ASST. GENERAL MANAGER Officer | 50 | $264,870 | $165,749 |
| RODNEY WESLEY | DIRECTOR OF ENGINEERING/OPS Key employee | 50 | $198,298 | $133,950 |
| GARY SHERRARD | MANAGER OF SUB/TRANS Key employee | 40 | $167,068 | $101,478 |
| DONNA WEAVER | DIRECTOR OF CORP SERVICES Key employee | 60 | $177,640 | $85,922 |
| THOMAS DURDEN | MANAGER OF OPERATIONS Key employee | 50 | $166,313 | $93,153 |
| RAYMOND CHOYCE | JOURNEYMAN Highest-paid employee | 62 | $195,940 | $51,296 |
| BOBBI BYFORD | DIRECTOR OF CORP RELATIONS Key employee | 60 | $170,506 | $70,584 |
| SCOTT STEWART | CREW FOREMAN Highest-paid employee | 54 | $180,007 | $60,838 |
| ROBERT WHITE | CFO Officer | 45 | $188,516 | $48,197 |
| PHILLIP HARRISON | MANAGER OF OPERATIONS Key employee | 45 | $163,790 | $72,014 |
| TIMOTHY CRAIG | MANAGER OF ENGINEERING Key employee | 50 | $168,802 | $57,048 |
| PAUL CAMACHO | CREW FOREMAN Highest-paid employee | 49 | $168,662 | $55,268 |
| CHANCE FRANKS | JOURNEYMAN Highest-paid employee | 54 | $167,787 | $51,214 |
| BRYAN HICKS | JOURNEYMAN Highest-paid employee | 61 | $168,039 | $43,989 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL WEATHERFORD | DIRECTOR Trustee or director | 10.5 | $30,283 |
| HOWARD TILLISON | CHAIRMAN Trustee or director, Officer | 12.7 | $12,150 |
| CAROLYN MINOR | VICE CHAIRMAN Trustee or director, Officer | 10.3 | $11,550 |
| JEFF PRIEST | DIRECTOR Trustee or director | 9.5 | $11,550 |
| JACK ENDRES | DIRECTOR Trustee or director | 9 | $11,250 |
| EDWARD REEVE | DIRECTOR Trustee or director | 8.6 | $10,500 |
| JO ANN HANSTROM | SECRETARY Trustee or director, Officer | 10 | $10,350 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY LANE | CEO/GENERAL MANAGER Officer | 50 | $347,402 | $177,112 |
| THOMAS WATSON | COO/ASST. GENERAL MANAGER Officer | 45 | $257,582 | $158,748 |
| RODNEY WESLEY | DIRECTOR OF ENGINEERING/OPERATIONS Key employee | 47 | $198,972 | $128,616 |
| GARY SHERRARD | MANAGER OF SUB/TRANS Key employee | 40 | $166,716 | $113,645 |
| THOMAS DURDEN | MANAGER OF OPERATIONS Key employee | 50 | $166,329 | $93,124 |
| RODNEY MILLS | CREW FOREMAN Highest-paid employee | 60 | $161,522 | $82,190 |
| PHILLIP HARRISON | MANAGER OF OPERATIONS Key employee | 40 | $164,122 | $74,686 |
| DONNA HINDMAN | DIRECTOR OF CORP SERVICES Key employee | 50 | $168,420 | $66,674 |
| BOBBI BYFORD | DIRECTOR OF CORP RELATIONS Key employee | 50 | $169,106 | $65,785 |
| RAYMOND CHOYCE | JOURNEYMAN Highest-paid employee | 60 | $178,743 | $50,772 |
| ROBERT WHITE | CFO Officer | 45 | $177,656 | $46,421 |
| JOHN JACKSON | OPERATIONS SUPERVISOR Highest-paid employee | 55 | $163,786 | $56,767 |
| TIMOTHY CRAIG | MANAGER OF ENGINEERING Key employee | 50 | $165,036 | $54,544 |
| PAUL CAMACHO | CREW FOREMAN Highest-paid employee | 60 | $160,900 | $57,590 |
| BRYAN HICKS | JOURNEYMAN Highest-paid employee | 60 | $162,687 | $40,574 |
| PAUL WEATHERFORD | DIRECTOR Trustee or director | 8.3 | $29,282 | $0 |
| HOWARD TILLISON | CHAIRMAN Trustee or director, Officer | 14.9 | $13,500 | $0 |
| CAROLYN MINOR | VICE CHAIRMAN Trustee or director, Officer | 10 | $11,850 | $0 |
| JO ANN HANSTROM | SECRETARY Trustee or director, Officer | 10.5 | $10,950 | $0 |
| JEFF PRIEST | DIRECTOR Trustee or director | 10.1 | $10,950 | $0 |
| EDWARD REEVE | DIRECTOR Trustee or director | 9.3 | $10,950 | $0 |
| JACK ENDRES | DIRECTOR Trustee or director | 9 | $10,650 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 888, KAUFMAN, TX 75142-0888
- In care of
- % BRYAN A WOOD
- Principal officer (990 for 2024)
- JEFFREY L LANE, PO BOX 888, KAUFMAN, TX 75142
- Signed the 990
- ROBERT WHITE, CFO
- Phone
- (972) 932-2214
- Website
- WWW.TVEC.NET
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TRINITY VALLEY ELECTRIC COOPERATIVE, INC. IS COMMITTED TO DELIVER SAFE AND RELIABLE ELECTRIC POWER AT A COMPETITIVE PRICE.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 88,305 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
- 75-2701263
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $481,165,027
- Income (IRS master file)
- $197,804,271
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $197,727,488 | $197,263,529 | $481,165,027 | XML |
| 990 | December 2023 | $201,369,793 | $200,552,254 | $429,806,254 | XML |
| 990 | December 2022 | $236,177,875 | $234,659,350 | $421,037,619 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-2701263).
Questions about TRINITY VALLEY ELECTRIC COOPERATIVE INC
- What is the EIN of TRINITY VALLEY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of TRINITY VALLEY ELECTRIC COOPERATIVE INC is 75-2701263.
- Is TRINITY VALLEY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1998.
- Are donations to TRINITY VALLEY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRINITY VALLEY 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 TRINITY VALLEY 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 TRINITY VALLEY 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 TRINITY VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names JEFFREY L LANE.
- Who are the officers and directors of TRINITY VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 22 received compensation from the organization, the highest $350,867 (JEFFREY LANE, CEO/GENERAL MANAGER).
- How much revenue does TRINITY VALLEY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $197,727,488, expenses of $197,263,529 and total assets of $481,165,027 at year end.
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