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Filing year 2024

HEART OF TEXAS ELECTRIC COOPERATIVE INC

McGregor, Texas·EIN 20-5724955·NTEE Y22 · Mutual & Membership Benefit·501(c)(12)
Total revenue
$68.7M
Total assets
$118.5M
Total expenses
$68.7M
Reported officers
16
Mission

TO PROVIDE ELECTRICITY TO RURAL AREAS IN TEXAS ON A COOPERATIVE BASIS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

Gm/ceo
Officer (Unspecified)
$275k
$292k
Base
$205k
Bonus
Other
$3k
Benefits
$15k
Operations M
Operations Manager
75th to 90th percentilevs all sectors nationwide
$203k
$216k
Base
$137k
Bonus
Other
$2k
Benefits
$16k
Line Superin
Highest Compensated Employee
25th percentile to median
$174k
$185k
Base
$119k
Bonus
Other
$2k
Benefits
$10k
Line Superin
Highest Compensated Employee
25th percentile to median
$160k
$169k
Base
$126k
Bonus
Other
$2k
Benefits
$21k
Journeyman L
Highest Compensated Employee
25th percentile to median
$153k
$162k
Base
$125k
Bonus
Other
$2k
Benefits
$10k
Journeyman L
Highest Compensated Employee
25th percentile to median
$137k
$145k
CFO
Median to 75th percentile
$64k
$68k
Director
Board Member
25th percentile to median
$12k
$13k
Secretary/tr
Board Treasurer
75th to 90th percentile
$10k
$10k
President
Board President
Median to 75th percentile
$9k
$10k
Director
Board Member
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$9k
$10k
Director
Board Member
25th percentile to median
$9k
$10k
Vice-preside
Board Vice President
25th percentile to median
$9k
$9k
Director
Board Member
25th percentile to median
$9k
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at HEART OF TEXAS ELECTRIC COOPERATIVE INC equaled 0.4% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2024)
0.4%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 1%
from 2023

From $278k in 2023 to $275k in 2024.

$278k
2023
$275k
2024
In today's dollarsEst.
Down 4% in real terms$304k to $292k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Operations Manager pay rose 6% from 2023 to 2024, while revenue fell 6%.

$192k in 2023 to $203k in 2024.
  • Highest Compensated Employee pay rose 14% from 2023 to 2024.
  • Board Member pay rose 105% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about HEART OF TEXAS ELECTRIC COOPERATIVE INC

What does the Operations Manager of HEART OF TEXAS ELECTRIC COOPERATIVE INC earn?

In 2024, the Operations Manager of HEART OF TEXAS ELECTRIC COOPERATIVE INC received $203,437 in total compensation. This pay is in the top quarter for Operations Manager roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Operations Manager pay at HEART OF TEXAS ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Operations Manager at HEART OF TEXAS ELECTRIC COOPERATIVE INC falls between the 75th and 90th percentiles. In 2024, the highest total compensation at HEART OF TEXAS ELECTRIC COOPERATIVE INC equaled 0.4% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are HEART OF TEXAS ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, HEART OF TEXAS ELECTRIC COOPERATIVE INC reported $68.7M in total revenue and $68.7M in total expenses on its IRS Form 990.

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