Lighthouse Electric Cooperative
Legal name: Lighthouse Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 750273171
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2025
- Location
- Floydada, TX, US
- Phone
- (806) 983-2814
- Rating confidence
- Limited
Reported finances
- Revenue
- $44,705,875
- Expenses
- $44,705,875
- Assets
- $115,237,398
- Liabilities
- $53,091,230
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- MARK HEGI (PRESIDENT)
- RON GRAVES (VICE PRESIDENT)
Highest reported compensation
- ALBERT DANIEL (GENERAL MANAGER/EXECUTIVE): $283,031 total reported compensation
- CHAD BUIE (DIRECTOR OF ENGINEERING): $179,179 total reported compensation
- HECTOR RODRIGUEZ (CONSTRUCTION FOREMAN): $163,131 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Empowering our Members by providing the safest, most reliable, and affordable energy solutions that safe practices and informed planning allow.
What it reported doing in 2025
Sale of electric power to members on a cooperative basis through the allocation of patronage capital. There were 9,547 active services at year end.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 56
- Accountability: 82
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 20.2%; rating input score 20; 13th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 2.58; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.6% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 25th percentile among comparable filings
Details
- What they do: 8 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $283K · 15 people listed · 2 of 6 pay-setting controls reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Grant itemization coverage scored 20/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Operating margin scored 23/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 28/100.