Tri-County Electric Cooperative

Legal name: Tri-county Electric Cooperative Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

19 people listed

H JULIUS HACKETT (CHIEF EXECUTIVE OFFICER): $399,550 total reported compensation
JEFF BREWER (VP ENGINEERING): $250,209 total reported compensation
WENDELL WILLIAMS (VP FINANCE): $226,244 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Tri-County Electric Cooperative is owned by its members and works to keep rates affordable while providing reliable service.

Sale of electricity to cooperative members

Revenue model: Earned-program. 99% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 66th percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 65th 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

Operating margin: 1.2%; rating input score 38; 38th percentile among comparable filings
Total-asset coverage ratio: 4.66; rating input score 79; 79th percentile among comparable filings
Liabilities to assets ratio: 0.84; rating input score 15; 15th percentile among comparable filings
Officer compensation ratio: 3.6%; rating input score 35; 35th percentile among comparable filings

Program expense growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings
Revenue growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
Asset growth: 11.7% per year; rating input score 100; 76th percentile among comparable filings

What they do: 6 programs and campaigns described on the official site · 3 operating locations identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment · $64M in reported program spending
Leadership: top reported pay $400K · 19 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $43.4M reported
Consistency: 12 of 12 current checks pass
Schedules: 3 filed schedules · includes executive pay
Filing history: 13 filing years from 2013 to 2025
Contacts: How to reach this organization
Money network: 19 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.

Signals prioritize questions for review. They are not findings of misconduct.