Trico Electric Co-Op
Legal name: Trico Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 860082366
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2025
- Location
- Marana, AZ, USA
- Phone
- (520) 744-2944
- Rating confidence
- Limited
Reported finances
- Revenue
- $143,140,464
- Expenses
- $142,221,644
- Assets
- $350,445,306
- Liabilities
- $196,495,649
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- LARRY HINCHLIFFE (PRESIDENT)
- MARSHA THOMPSON (VICE PRESIDENT (JAN-APR))
- DAVID PROCTOR (VICE PRESIDENT)
- BRIAN HEITHOFF (CHIEF EXECUTIVE OFFICER/GM)
Highest reported compensation
- BRIAN HEITHOFF (CHIEF EXECUTIVE OFFICER/GM): $566,449 total reported compensation
- ERIC HAWKINS (CHIEF OPERATING OFFICER/GC): $347,949 total reported compensation
- JAMES FREEMAN (CHIEF DATA & AI OFFICER): $338,425 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dedicated to making a difference in the communities we serve by providing our Members cost-effective and sustainable energy and communications solutions. With over 160 employees, we work together to support our community, our Members, and our employees’ needs. Employees are proud to be part of the co-op team and believe strongly in our mission of delivering safe, affordable, and reliable power to those we serve. At Trico, you are not just a number or a face in the hall. Our benefits and inclusive atmosphere make our employees feel valued and secure. See Available Openings. We believe in supporting your holistic health. Our comprehensive health and wellness benefits include top-tier medical, dental, and vision plans to ensure you and your family have access to quality care. Beyond traditional coverage, we offer an Employee Assistance Program for personal support including mental...
What it reported doing in 2025
Sale of electric power to members on a cooperative basis through the allocation of patronage capital. There were 56,149 active services at year end.
Operating model
- Revenue model
- Earned-program. 98% 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: 71
- Accountability: 95
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 5th 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: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 68.4%; rating input score 68; 19th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- 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: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.6%; rating input score 35; 35th percentile among comparable filings
- Total-asset coverage ratio: 2.46; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.9% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 21st percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 7 of 7 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $566K · 25 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.2M reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 29 filed money-flow records
- Related organizations: 8 filed related-organization links
- 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 35/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.