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Nonprofiteer
← EAST TEXAS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by EAST TEXAS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$397,955,285
Total expenses
$388,114,492
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$380,776,833
Investment income
$3,031,919
Other revenue
$14,146,533
Total assets, end of year
$981,775,952
Total liabilities, end of year
$738,046,598
Net assets or fund balances, end of year
$243,729,354
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC ENERGY

    total $378,315,667 · related or exempt $378,315,667

  • 2b · Program service revenue: PATRONAGE CAPITAL

    total $1,702,587 · related or exempt $1,702,587

  • 2c · Program service revenue: OTHER INCOME

    total $758,579 · related or exempt $758,579

  • 3 · Investment income

    total $3,031,919 · excluded $3,031,919

  • 11a · Other revenue: TRANSMISSION REVENUE

    total $14,146,533 · related or exempt $14,146,533

  • 11e · Other revenue, total

    $14,146,533

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,565,706

  • 7 · Other salaries and wages

    total $2,083,871

  • 8 · Pension plan contributions

    total $538,212

  • 9 · Other employee benefits

    total $580,879

  • 10 · Payroll taxes

    total $187,608

  • 11a · Fees: management

    total $348,760

  • 11b · Fees: legal

    total $1,729,624

  • 11c · Fees: accounting

    total $280,798

  • 11d · Fees: lobbying

    total $195,839

  • 11g · Fees: other

    total $2,016,756

  • 13 · Office expenses

    total $337,346

  • 17 · Travel

    total $228,358

  • 20 · Interest

    total $27,431,594

  • 22 · Depreciation, depletion and amortization

    total $46,133,337

  • 23 · Insurance

    total $299,471

  • 24a · Other expenses: PURCHASE OF ELECTRIC POWE

    total $127,561,884

  • 24b · Other expenses: TRANSMISSION

    total $73,246,586

  • 24c · Other expenses: PURCHASE OF FUEL

    total $68,454,217

  • 24d · Other expenses: OPERATING EXPENSES - PROD

    total $28,744,901

  • 24e · All other expenses

    total $6,148,745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,334,269 · end of year $33,368,254

  • 2 · Savings and temporary cash investments

    beginning of year $10,589,938 · end of year $10,986,178

  • 4 · Accounts receivable

    beginning of year $64,122,260 · end of year $70,173,754

  • 8 · Inventories for sale or use

    beginning of year $25,602,083 · end of year $24,161,939

  • 9 · Prepaid expenses and deferred charges

    beginning of year $207,142,919 · end of year $182,434,117

  • 10a · Land, buildings and equipment: cost or other basis

    $1,147,708,640

  • 10b · Land, buildings and equipment: accumulated depreciation

    $528,271,873

  • 10c · Land, buildings and equipment, net

    beginning of year $642,982,412 · end of year $619,436,767

  • 13 · Investments: program-related

    beginning of year $38,247,355 · end of year $37,437,473

  • 15 · Other assets

    beginning of year $5,147,436 · end of year $3,777,470

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,712,067 · end of year $44,386,911

  • 19 · Deferred revenue

    beginning of year $7,347,641 · end of year $9,077,540

  • 23 · Secured mortgages and notes payable

    beginning of year $742,299,934 · end of year $684,582,147

  • 31 · Retained earnings, endowment or other funds

    beginning of year $233,809,030 · end of year $243,729,354

Mission and programs · 2024

Mission

SALE OF WHOLESALE POWER TO ITS EIGHT MEMBERS ON A COOPERATIVE BASIS.

  • PROVIDES WHOLESALE POWER TO ITS ONE ELECTRIC GENERATING AND TRANSMISSION COOPERATIVE MEMBER AND SEVEN DISTRIBUTION COOPERATIVE MEMBERS.

As filed on the 2024 return.

Listed in Part VII

  • Aj Goff

    CEO

    Total calculated
    $913,804
    From this org
    $741,827
    From related orgs
    $0
    Other
    $171,977
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $619,700
    Bonus
    $120,000
    Other
    $2,127
    Deferred
    $128,895
    Nontaxable benefits
    $43,082
    Filer's total
    $913,804

  • Joseph J Hayden

    VP POWER SUP

    Total calculated
    $502,700
    From this org
    $318,449
    From related orgs
    $0
    Other
    $184,251
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,619
    Bonus
    not reported
    Other
    $4,830
    Deferred
    $139,926
    Nontaxable benefits
    $44,325
    Filer's total
    $502,700

  • Carrie Hawkins

    CFO

    Total calculated
    $306,418
    From this org
    $207,052
    From related orgs
    $0
    Other
    $99,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,500
    Bonus
    $10,000
    Other
    $552
    Deferred
    $59,656
    Nontaxable benefits
    $39,710
    Filer's total
    $306,418

  • Bobby Huckabay

    MANAGER OF I

    Total calculated
    $269,833
    From this org
    $165,201
    From related orgs
    $0
    Other
    $104,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,611
    Bonus
    $5,000
    Other
    $1,590
    Deferred
    $65,807
    Nontaxable benefits
    $38,825
    Filer's total
    $269,833

  • Maggie Berry

    VP GENERAL C

    Total calculated
    $492,397
    From this org
    $340,159
    From related orgs
    $0
    Other
    $152,238
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,438
    Bonus
    $10,000
    Other
    $721
    Deferred
    $111,308
    Nontaxable benefits
    $40,930
    Filer's total
    $492,397

  • Mark Tamplin

    VICE PRESIDE

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Robert Boyd

    DIRECTOR

    Total calculated
    $20,500
    From this org
    $20,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.15

  • Trey Teaff

    MANAGER/DIRE

    Total calculated
    $20,500
    From this org
    $20,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.13

  • Mark Boyd

    MANAGER/DIRE

    Total calculated
    $21,000
    From this org
    $21,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.13

  • Greg Jones

    PRESIDENT

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.25

  • Kathi Calvert

    SEC/TREASURE

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Bryan Wood

    MANAGER/DIRE

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.75

  • Steve Delaughter

    DIRECTOR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.25

  • Frankie B King

    DIRECTOR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.25

  • Pat Brown

    DIRECTOR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.75

  • Doug Turk

    MANAGER/DIRE

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.75

  • Kenneth Keeling

    DIRECTOR

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.25

  • Rhett Reid

    ASST SECT/TR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.88

  • Austin Haynes

    MANAGER/DIRE

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dan Courmier

    DIRECTOR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kenneth Langley

    DIRECTOR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Albert Tiller

    DIRECTOR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.13

  • Wes Barron

    DIRECTOR

    Total calculated
    $19,000
    From this org
    $19,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.75

  • William Speights

    DIRECTOR

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.75

  • Kennon Kellum

    ADVISORY DIR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • William Emmons

    ADVISORY DIR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • Paul Simmons

    ADVISORY DIR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.63

  • Robert Walker

    MANAGER/DIRE

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Stanley Hollowell

    ENGINEER

    Total calculated
    $360,940
    From this org
    $262,594
    From related orgs
    $0
    Other
    $98,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $252,693
    Bonus
    $7,500
    Other
    $2,401
    Deferred
    $57,633
    Nontaxable benefits
    $40,713
    Filer's total
    $360,940

  • William Chavies

    ENGINEER

    Total calculated
    $289,766
    From this org
    $193,955
    From related orgs
    $0
    Other
    $95,811
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,943
    Bonus
    $5,000
    Other
    $1,012
    Deferred
    $55,488
    Nontaxable benefits
    $40,323
    Filer's total
    $289,766

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202543189349304949

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