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Filing year 2024

HEART OF TEXAS ELECTRIC COOPERATIVE INC

McGregor, Texas·EIN 20-5724955·NTEE Y22 · Mutual & Membership Benefit·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 · Schedule J · 16 reported individuals · Filing year 2024

Gm/ceo
officer (unspecified)
$275k
$292k
Base
$205k
Bonus
Other
$3k
Benefits
$15k
Operations M
highest compensated employee
$203k
$216k
Base
$137k
Bonus
Other
$2k
Benefits
$16k
Line Superin
highest compensated employee
$174k
$185k
Base
$119k
Bonus
Other
$2k
Benefits
$10k
Line Superin
highest compensated employee
$160k
$169k
Base
$126k
Bonus
Other
$2k
Benefits
$21k
Journeyman L
highest compensated employee
$153k
$162k
Base
$125k
Bonus
Other
$2k
Benefits
$10k
Journeyman L
highest compensated employee
$137k
$145k
Director
board member
$12k
$13k
Secretary/tr
board treasurer
$10k
$10k
President
board president
$9k
$10k
Director
board member
$9k
$10k
Director
board member
$9k
$10k
Director
board member
$9k
$10k
Director
board member
$9k
$10k
Vice-preside
vice president
$9k
$9k
Director
board member
$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

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.

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

Revenue and expenses over time

HEART OF TEXAS ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$73.4M
$73.8M
2023
$68.7M
$68.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Mutual & Membership Benefit executives earn

Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $19,468.

25th percentile
$6k
Median
$19,468
75th percentile
$79k
90th percentile
$193k

These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 294 organizations across 294 filings (2021 – 2023).

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