#231 of 500 · Member & Benefit Funds

South Texas Electric Cooperative Inc

EIN 74-1393760 · TX · NTEE n/a · Form 990, fiscal 2023

A not-for-profit generation and transmission electric cooperative headquartered near Nursery, Texas. It generates and delivers wholesale electric power to nine member-owned distribution cooperatives across South and Central Texas, serving them through owned generation from wind, solar, lignite, natural gas, diesel and hydroelectric sources, along with transmission lines and substations. Its member distribution cooperatives include Karnes, Wharton County, Victoria, Jackson, San Patricio, San Bernard, Nueces, Magic Valley and Medina Electric Cooperatives.

Financials, fiscal 2023

Revenue

$688.8M

Expenses

$695.5M

Total assets

$1.62B

Net assets

$516.5M

Operating margin

-1.0%

1-year growth

-7.2%

5-year growth (CAGR)

7.0%

Reserve (years of spending)

8.9

Contributions share

n/a

Programme spending

99.6%

Fundraising cost

n/a

Executive pay share

0.34%

Employees

280

Revenue per employee

$2.5M

Grants paid

$97K

Years filing

59

NFP Health Score: 70 / 100

Financial 58 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide the infrastructure and services to deliver reliable and economical electric power to a diversified membership.

Revenue history