Taylor Electric Trust
Nonprofit profile at a glance
- EIN
- 262612715
- IRS 990-EZ coverage
- 2018–2025
- Forms available
- Form 990 2017, Form 990-EZ 2025
- Location
- Merkel, TX, USA
- Phone
- 3257938500
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $85,483
- Expenses
- $82,815
- Assets
- $255,059
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- CECIL DAVIS (BOARD CHAIRMAN)
- KATHRYN RAINEY (BOARD VICE CHAIRMAN)
- DAVID MCFALL (SECRETARY/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The accumulation and disbursement of funds for charitable purposes in the service area of taylor electric cooperative, inc.
What it reported doing in 2025
The trust operates an operation round up program by which members of taylor electric cooperative round up their utility bill to the next whole dollar. The funds are then used to support volunteer fire departments and needy individuals in the taylor electric cooperative service area. Approximately 26 different volunteer fire departments received contributions in 2025. No individuals received any funds in 2025.
Operating model
- Revenue model
- Donor-supported. 93% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.1%; rating input score 97
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 3.1%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 3.08; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 97.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $83K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2018 to 2025
- Contacts: How to reach this organization
- 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.
- Review — Sustainability: Operating margin scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.