Skip to content
Nonprofiteer
← LYNTEGAR ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by LYNTEGAR ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$79,686,968
Total expenses
$78,568,192
Contributions and grants received
$0
Grants paid
$2,500
Program service revenue
$77,805,002
Investment income
$1,823,256
Other revenue
$58,710
Total assets, end of year
$312,974,671
Total liabilities, end of year
$155,042,430
Net assets or fund balances, end of year
$157,932,241
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 $72,398,216 · related or exempt $72,398,216

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $4,177,243 · related or exempt $4,177,243

  • 2c · Program service revenue: TRANSMISSION ACCESS

    total $951,083 · related or exempt $951,083

  • 2d · Program service revenue: SERVICE FEES

    total $278,460 · related or exempt $278,460

  • 3 · Investment income

    total $1,276,924 · excluded $1,276,924

  • 6a · Gross rents

    real property $20,625

  • 6b · Less rental expenses

    real property $32,481

  • 6c · Rental income or loss

    real property -$11,856

  • 6d · Net rental income or loss

    total -$11,856 · excluded -$11,856

  • 7a · Gross sales of assets other than inventory

    securities $368,125 · other assets $289,943

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

    securities $0 · other assets $111,736

  • 7c · Gain or loss

    securities $368,125 · other assets $178,207

  • 7d · Net gain or loss

    total $546,332 · related or exempt $178,207 · excluded $368,125

  • 11a · Other revenue: INTERNET MARKETING

    total $37,637 · unrelated business $37,637

  • 11b · Other revenue: PASS-THRU INVESTMENT INCOME(LOSS)

    total $23,141 · unrelated business $23,141

  • 11c · Other revenue: POLE ATTACHMENT INCOME

    total $9,788 · excluded $9,788

  • 11e · Other revenue, total

    $70,566

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500

  • 4 · Benefits paid to or for members

    total $4,958,350

  • 5 · Compensation of officers, directors and key employees

    total $975,108

  • 7 · Other salaries and wages

    total $6,123,028

  • 8 · Pension plan contributions

    total $385,149

  • 9 · Other employee benefits

    total $1,033,050

  • 10 · Payroll taxes

    total $446,836

  • 20 · Interest

    total $5,938,615

  • 22 · Depreciation, depletion and amortization

    total $9,293,765

  • 24a · Other expenses: PURCHASED POWER

    total $41,129,426

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $5,396,030

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $2,053,427

  • 24d · Other expenses: CONSUMER EXPENSE

    total $495,591

  • 24e · All other expenses

    total $337,317

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $513,441 · end of year $706,698

  • 2 · Savings and temporary cash investments

    beginning of year $1,020,831 · end of year $962,607

  • 4 · Accounts receivable

    beginning of year $4,927,882 · end of year $4,680,306

  • 8 · Inventories for sale or use

    beginning of year $4,879,552 · end of year $4,686,240

  • 9 · Prepaid expenses and deferred charges

    beginning of year $688,678 · end of year $312,345

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

    $273,636,954

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

    $74,541,148

  • 10c · Land, buildings and equipment, net

    beginning of year $188,385,522 · end of year $199,095,806

  • 12 · Investments: other securities

    beginning of year $20,283,917 · end of year $20,056,530

  • 13 · Investments: program-related

    beginning of year $80,218,302 · end of year $82,108,605

  • 15 · Other assets

    beginning of year $941,471 · end of year $365,534

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,417,557 · end of year $8,583,822

  • 21 · Escrow or custodial account liability

    beginning of year $136,279 · end of year $267,412

  • 23 · Secured mortgages and notes payable

    beginning of year $130,736,963 · end of year $138,726,588

  • 25 · Other liabilities

    beginning of year $6,883,782 · end of year $7,464,608

  • 29 · Capital stock, trust principal or current funds

    beginning of year $29,705 · end of year $30,330

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $155,655,310 · end of year $157,901,911

Mission and programs · 2024

Mission

OWNED AND OPERATED BY THOSE WE SERVE.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 24,031 ACTIVE SERVICES AT YEAR END.

As filed on the 2024 return.

Listed in Part VII

  • Benjamin Franklin

    PRESIDENT

    Total calculated
    $31,972
    From this org
    $31,972
    From related orgs
    $0
    Other
    $0
    Hours/week
    18.1

  • Kevin Mitchell

    VICE PRESIDENT

    Total calculated
    $24,579
    From this org
    $24,579
    From related orgs
    $0
    Other
    $0
    Hours/week
    16.6

  • Billy Weaver

    SECRETARY/TREASURER

    Total calculated
    $24,500
    From this org
    $24,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    17.1

  • Ricky Day

    DIRECTOR

    Total calculated
    $23,079
    From this org
    $23,079
    From related orgs
    $0
    Other
    $0
    Hours/week
    13.4

  • Theron Tidwell

    DIRECTOR

    Total calculated
    $24,209
    From this org
    $24,209
    From related orgs
    $0
    Other
    $0
    Hours/week
    14.6

  • Andrew Furlow

    DIRECTOR

    Total calculated
    $4,770
    From this org
    $4,770
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • Todd Howard

    DIRECTOR

    Total calculated
    $26,229
    From this org
    $26,229
    From related orgs
    $0
    Other
    $0
    Hours/week
    15.7

  • Gregory Henley

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $368,972
    From this org
    $296,295
    From related orgs
    $0
    Other
    $72,677
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,679
    Bonus
    $4,500
    Other
    $13,116
    Deferred
    $29,620
    Nontaxable benefits
    $43,057
    Filer's total
    $368,972

  • William Ross Aten

    CHIEF OPERATING OFFICER

    Total calculated
    $243,150
    From this org
    $182,600
    From related orgs
    $0
    Other
    $60,550
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $179,908
    Bonus
    $1,200
    Other
    $1,492
    Deferred
    $19,066
    Nontaxable benefits
    $41,484
    Filer's total
    $243,150

  • Brenda Whitten

    CHIEF FINANCIAL OFFICER

    Total calculated
    $203,648
    From this org
    $166,405
    From related orgs
    $0
    Other
    $37,243
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $159,565
    Bonus
    $900
    Other
    $5,940
    Deferred
    $16,523
    Nontaxable benefits
    $20,720
    Filer's total
    $203,648

  • Roddy Gandy

    LINE SUPERINTENDENT

    Total calculated
    $215,880
    From this org
    $164,924
    From related orgs
    $0
    Other
    $50,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,565
    Bonus
    $6,000
    Other
    $7,359
    Deferred
    $16,188
    Nontaxable benefits
    $34,768
    Filer's total
    $215,880

  • Brent Fowler

    CREW FOREMAN

    Total calculated
    $158,159
    From this org
    $140,865
    From related orgs
    $0
    Other
    $17,294
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $137,067
    Bonus
    $2,400
    Other
    $1,398
    Deferred
    $11,420
    Nontaxable benefits
    $5,874
    Filer's total
    $158,159

  • Jesus Garza

    CREW FOREMAN

    Total calculated
    $153,889
    From this org
    $136,887
    From related orgs
    $0
    Other
    $17,002
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $132,291
    Bonus
    $1,800
    Other
    $2,796
    Deferred
    $11,515
    Nontaxable benefits
    $5,487
    Filer's total
    $153,889

  • Jana Bishop

    MANAGER OF HUMAN RESOURCES

    Total calculated
    $189,946
    From this org
    $141,296
    From related orgs
    $0
    Other
    $48,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,466
    Bonus
    $1,800
    Other
    $4,030
    Deferred
    $14,550
    Nontaxable benefits
    $34,100
    Filer's total
    $189,946

  • Brandon Bean

    JOURNEYMAN

    Total calculated
    $170,627
    From this org
    $146,968
    From related orgs
    $0
    Other
    $23,659
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $145,804
    Bonus
    $600
    Other
    $564
    Deferred
    $6,392
    Nontaxable benefits
    $17,267
    Filer's total
    $170,627

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
GYM/FITNESS REIMBURSEMENT - ONE INDIVIDUAL REPORTED ON FORM 990 PART VII, BRANDON BEAN, RECEIVED THE BENEFIT DURING THE YEAR.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LEC DEVELOPMENT LLC

    INTERNET AND INVESTMENTS · TX · income $1,966,502 · assets $21,401,778

    Directly controlled by LYNTEGAR ELECTRIC COOPERATIVE INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523169349308907

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.