East Texas Electric Cooperative, Inc.
Legal name: Northeast Texas Electric Cooperative
Nonprofit profile at a glance
- EIN
- 751615421
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024
- Location
- Nacogdoches, TX, United States
- Phone
- 936-560-9532
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $239,053,261
- Expenses
- $234,478,090
- Assets
- $294,120,365
- Liabilities
- $162,071,260
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Trey Teaff (President)
- M Austin Haynes (Vice President)
Highest reported compensation
- Caleb Head (GM): $375,296 total reported compensation
- Trey Teaff (President): $18,000 total reported compensation
- Mark Boyd (Director): $18,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing long-term, reliable, and affordable electric power to our members, including pursuing innovations (such as renewable integration) while preserving affordability and reliability. To support East Texas's ongoing growth, East Texas Electric Cooperative continually assesses and enhances our transmission capacity to ensure our members have reliable power. We are committed to developing additional transmission infrastructure that supports future expansion in the most efficient and cost-effective way. As our region prospers, attracting new residents and businesses, we take pride in fostering healthy growth by investing in new transmission line projects. Current ETEC Transmission Projects Featured.
What it reported doing in 2024
Costs incurred with providing wholesale electric energy to 6 electric distribution cooperative members who in turn provide electricity to over 165,000 retail members
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.5%; rating input score 98
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- 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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 1.9%; rating input score 42; 42nd percentile among comparable filings
- Total-asset coverage ratio: 1.25; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 0.2%; rating input score 90; 90th percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 9th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 8th percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 8th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 97.5% of revenue deployed · 100% of spending went to programs
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $375K · 13 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.8M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Sustainability: Operating margin scored 42/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.