NFP500

#335 of 500 · Member & Benefit Funds

Tri-County Electric Cooperative Inc

EIN 75-0619960 · TX · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit electric distribution cooperative headquartered in Texas, founded in 1940 to bring electricity to rural areas not served by private utilities. It provides electricity and related energy services to member-consumers across a multi-county service territory, and, like other cooperatives, is governed democratically by its members and follows the seven cooperative principles, including concern for community.

Open the interactive profile

Financials, fiscal 2023

Revenue
$454.0M
Expenses
$454.3M
Total assets
$1.45B
Net assets
$439.5M
Operating margin
-0.1%
1-year growth
4.2%
5-year growth (CAGR)
14.0%
Reserve (years of spending)
11.6
Contributions share
n/a
Programme spending
98.6%
Fundraising cost
n/a
Executive pay share
0.65%
Employees
344
Revenue per employee
$1.3M
Grants paid
$42K
Years filing
82

NFP Health Score: 68 / 100

Financial 54 · 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 cost-effective, reliable electricity and energy services in a safe, efficient way through dedicated commitment to our members.

Revenue history

YearRevenue
2019$268.7M
2020$263.9M
2021$308.5M
2022$435.7M
2023$454.0M