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← SOUTH TEXAS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by SOUTH TEXAS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$686,699,882
Total expenses
$686,698,771
Contributions and grants received
$0
Grants paid
$141,950
Program service revenue
$682,753,103
Investment income
$1,429,225
Other revenue
$2,517,554
Total assets, end of year
$1,680,130,079
Total liabilities, end of year
$1,113,929,760
Net assets or fund balances, end of year
$566,200,319
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: SALES OF ELECTRICITY

    total $675,742,384 · related or exempt $675,742,384

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $6,168,524 · related or exempt $6,168,524

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $570,057 · related or exempt $570,057

  • 2d · Program service revenue: TRANSMISSION

    total $272,138 · related or exempt $272,138

  • 3 · Investment income

    total $1,432,203 · excluded $1,432,203

  • 5 · Royalties

    total $1,640,700 · excluded $1,640,700

  • 6a · Gross rents

    real property $77,009

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $77,009

  • 6d · Net rental income or loss

    total $77,009 · related or exempt $67,459 · excluded $9,550

  • 7a · Gross sales of assets other than inventory

    other assets $18,449

  • 7b · Less cost or other basis and sales expenses

    other assets $21,427

  • 7c · Gain or loss

    other assets -$2,978

  • 7d · Net gain or loss

    total -$2,978 · related or exempt -$2,978

  • 11a · Other revenue: POLE ATTACHMENT REVENUE

    total $766,963 · excluded $766,963

  • 11b · Other revenue: OTHER NON OPERATING REVENUE

    total $32,882 · related or exempt $32,882

  • 11e · Other revenue, total

    $799,845

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,950

  • 3 · Grants to foreign organizations and individuals

    total $50,000

  • 4 · Benefits paid to or for members

    total $49,702,731

  • 5 · Compensation of officers, directors and key employees

    total $2,699,363

  • 7 · Other salaries and wages

    total $22,628,253

  • 8 · Pension plan contributions

    total $6,235,910

  • 9 · Other employee benefits

    total $5,685,686

  • 10 · Payroll taxes

    total $1,658,477

  • 20 · Interest

    total $41,443,454

  • 22 · Depreciation, depletion and amortization

    total $50,139,700

  • 24a · Other expenses: PURCHASED POWER

    total $414,697,019

  • 24b · Other expenses: PRODUCTION EXPENSE

    total $66,820,084

  • 24c · Other expenses: ADMINISTRATIVE & GENERA

    total $10,414,013

  • 24d · Other expenses: OPERATING TAXES

    total $7,578,587

  • 24e · All other expenses

    total $6,853,544

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,239,839 · end of year $28,517,482

  • 2 · Savings and temporary cash investments

    beginning of year $16,128,015 · end of year $8,128,341

  • 4 · Accounts receivable

    beginning of year $51,282,768 · end of year $59,058,371

  • 8 · Inventories for sale or use

    beginning of year $30,432,586 · end of year $31,106,770

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,819,639 · end of year $31,865,048

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

    $2,050,795,316

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

    $612,974,901

  • 10c · Land, buildings and equipment, net

    beginning of year $1,375,995,419 · end of year $1,437,820,415

  • 13 · Investments: program-related

    beginning of year $76,229,259 · end of year $80,337,896

  • 14 · Intangible assets

    beginning of year $9,544 · end of year $9,544

  • 15 · Other assets

    beginning of year $3,891,128 · end of year $3,286,212

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,240,822 · end of year $66,749,422

  • 23 · Secured mortgages and notes payable

    beginning of year $842,650,485 · end of year $940,192,950

  • 24 · Unsecured notes and loans payable

    beginning of year $180,000,000 · end of year $85,000,000

  • 25 · Other liabilities

    beginning of year $25,639,302 · end of year $21,987,388

  • 29 · Capital stock, trust principal or current funds

    beginning of year $500 · end of year $500

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $488 · end of year $488

  • 31 · Retained earnings, endowment or other funds

    beginning of year $516,496,600 · end of year $566,199,331

Mission and programs · 2024

Mission

OUR MISSION IS TO PROVIDE THE INFRASTRUCTURE AND SERVICES TO DELIVER RELIABLE AND ECONOMICAL ELECTRIC POWER TO A DIVERSIFIED MEMBERSHIP.

Activities or mission (Part I)

WE ARE A CUTTING-EDGE GENERATION AND TRANSMISSION COOPERATIVE PROVIDING ELECTRIC POWER AND A LEADER IN PROVIDING A DIVERSE PORTFOLIO OF AFFORDABLE ENERGY, A RELIABLE POWER DELIVERY SYSTEM AND SERVICES CUSTOMIZED TO THE NEEDS OF THE MEMBERS.

  • PROVIDING WHOLESALE ELECTRIC ENERGY TO 9 DISTRIBUTION COOPERATIVE MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.

As filed on the 2024 return.

Listed in Part VII

  • Barbara Miller

    PRESIDENT

    Total calculated
    $21,800
    From this org
    $21,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.85

  • Blaine Warzecha

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brian Acosta

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Bruce Elliott

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Clyde Stewart

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Eric Halfmann

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Herbert Grebe III

    DIRECTOR

    Total calculated
    $18,400
    From this org
    $18,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jim Harton

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Larry Huesser

    ASSISTANT SEC-TREAS

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • Michael Ables

    DIRECTOR

    Total calculated
    $19,200
    From this org
    $19,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Paul Brysch Jr

    SECRETARY-TREASURER

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.4

  • Ronald Hughes

    VICE PRESIDENT

    Total calculated
    $18,400
    From this org
    $18,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Rumaldo Juarez

    DIRECTOR (FEB-DEC)

    Total calculated
    $17,600
    From this org
    $17,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Sammy Condra

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • S F Ruschhaupt III

    DIRECTOR

    Total calculated
    $16,800
    From this org
    $16,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • James Coleman

    DIRECTOR (PD TO EMPLOYER)

    Total calculated
    $0
    Hours/week
    5

  • Varzavand Irani

    DIRECTOR (PD TO EMPLOYER)

    Total calculated
    $0
    Hours/week
    4

  • Gary Raybon

    DIRECTOR (PD TO EMPLOYER)

    Total calculated
    $0
    Hours/week
    5

  • Clifton Lange

    GENERAL MANAGER

    Total calculated
    $1,078,462
    From this org
    $739,390
    From related orgs
    $0
    Other
    $339,072
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $731,890
    Bonus
    $0
    Other
    $7,500
    Deferred
    $299,323
    Nontaxable benefits
    $39,749
    Filer's total
    $1,078,462

  • Tabatha Temple

    CHIEF FINANCIAL OFFICER

    Total calculated
    $266,336
    From this org
    $200,942
    From related orgs
    $0
    Other
    $65,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,166
    Bonus
    $8,382
    Other
    $394
    Deferred
    $30,287
    Nontaxable benefits
    $35,107
    Filer's total
    $266,336

  • Cory Allen

    ASSISTANT GM/MGR OF POWER DELIVERY

    Total calculated
    $593,711
    From this org
    $382,527
    From related orgs
    $0
    Other
    $211,184
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,681
    Bonus
    $15,331
    Other
    $7,515
    Deferred
    $176,910
    Nontaxable benefits
    $34,274
    Filer's total
    $593,711

  • John Packard

    MGR OF POWER SUPPLY

    Total calculated
    $469,054
    From this org
    $342,823
    From related orgs
    $0
    Other
    $126,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $327,175
    Bonus
    $14,044
    Other
    $1,604
    Deferred
    $92,143
    Nontaxable benefits
    $34,088
    Filer's total
    $469,054

  • Steven Taylor

    TRANSMISSION LINE SUPERINTENDENT

    Total calculated
    $414,149
    From this org
    $262,478
    From related orgs
    $0
    Other
    $151,671
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $247,766
    Bonus
    $10,684
    Other
    $4,028
    Deferred
    $116,111
    Nontaxable benefits
    $35,560
    Filer's total
    $414,149

  • Paul Person

    MGR OF ENGINEERING

    Total calculated
    $347,122
    From this org
    $244,586
    From related orgs
    $0
    Other
    $102,536
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $232,723
    Bonus
    $10,024
    Other
    $1,839
    Deferred
    $68,595
    Nontaxable benefits
    $33,941
    Filer's total
    $347,122

  • Lucas Turner

    MGR OF WHOLESALE MARKETING/QSE

    Total calculated
    $314,839
    From this org
    $237,955
    From related orgs
    $0
    Other
    $76,884
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $227,653
    Bonus
    $9,836
    Other
    $466
    Deferred
    $40,850
    Nontaxable benefits
    $36,034
    Filer's total
    $314,839

  • Wendy Ohrt

    MGR OF CORPORATE & MEMBER SERVICES

    Total calculated
    $341,118
    From this org
    $237,690
    From related orgs
    $0
    Other
    $103,428
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $226,499
    Bonus
    $9,872
    Other
    $1,319
    Deferred
    $66,236
    Nontaxable benefits
    $37,192
    Filer's total
    $341,118

  • Lesander Martinez

    SUBSTATION SUPERINTENDENT

    Total calculated
    $386,056
    From this org
    $231,213
    From related orgs
    $0
    Other
    $154,843
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $219,146
    Bonus
    $9,483
    Other
    $2,584
    Deferred
    $119,181
    Nontaxable benefits
    $35,662
    Filer's total
    $386,056

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. CLIFTON LANGE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 288,973 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,350 TOTAL REPORTED IN COLUMN C $ 299,323 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (288,973) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 122,648 EXPENSE TO THE COOPERATIVE $ 132,998 CORY ALLEN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 166,560 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,350 TOTAL REPORTED IN COLUMN C $ 176,910 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (166,560) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 121,564 EXPENSE TO THE COOPERATIVE $ 131,914 JOHN PACKARD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 82,256 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,887 TOTAL REPORTED IN COLUMN C $ 92,143 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (82,256) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 110,531 EXPENSE TO THE COOPERATIVE $ 120,418 STEVEN TAYLOR: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 108,603 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,508 TOTAL REPORTED IN COLUMN C $ 116,111 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (108,603) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 85,538 EXPENSE TO THE COOPERATIVE $ 93,046 LESANDER MARTINEZ: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 112,463 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,718 TOTAL REPORTED IN COLUMN C $ 119,181 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (112,463) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 73,293 EXPENSE TO THE COOPERATIVE $ 80,011 PAUL PERSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 61,542 EMPLOYER CONTRIBUTION TO 401(K) PLAN 7,054 TOTAL REPORTED IN COLUMN C $ 68,596 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (61,542) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 79,593 EXPENSE TO THE COOPERATIVE $ 86,647 WENDY OHRT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 59,295 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,941 TOTAL REPORTED IN COLUMN C $ 66,236 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (59,295) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 78,765 EXPENSE TO THE COOPERATIVE $ 85,706 LUCAS TURNER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 33,918 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,932 TOTAL REPORTED IN COLUMN C $ 40,850 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (33,918) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 76,695 EXPENSE TO THE COOPERATIVE $ 83,627 TABATHA TEMPLE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 24,379 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,908 TOTAL REPORTED IN COLUMN C $ 30,287 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (24,379) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 65,899 EXPENSE TO THE COOPERATIVE $ 71,807

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SOUTH TEXAS SOLAR POWER LLC

    C · SOLAR POWER GENERATION · TX · 100% owned · share of income $832,542 · share of assets $295,714 · controlled entity

    Directly controlled by SOUTH TEXAS ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543209349302504

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