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Filing year 2024

LIGHTHOUSE ELECTRIC COOPERATIVE INC

Floydada, Texas·EIN 75-0273171·501(c)(12)
Total revenue
$39.4M
Total assets
$113.6M
Total expenses
$39.4M
Reported officers
17
Mission

EMPOWERING OUR MEMBERS BY PROVIDING THE SAFEST, MOST RELIABLE, AND AFFORDABLE ENERGY SOLUTIONS THAT SAFE PRACTICES AND INFORMED PLANNING ALLOWS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

General Manager/executive VP
Vice President
Above 90th percentile
$252k
$267k
Base
$180k
Bonus
$1k
Other
$4k
Benefits
$19k
Line Superintendent
Highest Compensated Employee
Median to 75th percentile
$219k
$233k
Base
$120k
Bonus
$1k
Other
$9k
Benefits
$37k
Working Foreman
Highest Compensated Employee
Median to 75th percentile
$194k
$206k
Base
$120k
Bonus
$1k
Other
$3k
Benefits
$37k
Director of Engineering
Highest Compensated Employee
Median to 75th percentile
$174k
$185k
Base
$122k
Bonus
$588
Other
$4k
Benefits
$23k
Warehouse Foreman
Highest Compensated Employee
Median to 75th percentile
$169k
$179k
Base
$80k
Bonus
$792
Other
$38k
Benefits
$14k
Construction Foreman
Highest Compensated Employee
25th percentile to median
$160k
$170k
Base
$134k
Bonus
$300
Other
$343
Benefits
$19k
Director
Board Member
Median to 75th percentile
$22k
$23k
Secretary/treasurer
Officer (Unspecified)
$22k
$23k
President
10th to 25th percentile
$22k
$23k
Director
Board Member
Median to 75th percentile
$22k
$23k
Director
Board Member
Median to 75th percentile
$22k
$23k
Director
Board Member
Median to 75th percentile
$22k
$23k
Vice President
25th percentile to median
$22k
$23k
Director (may-dec)
Board Member
25th percentile to median
$14k
$15k
Director (may-dec)
Board Member
25th percentile to median
$14k
$15k
Director (jan-april)
Board Member
25th percentile to median
$7k
$8k
Director (jan-april)
Board Member
25th percentile to median
$7k
$8k

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.

Up 9%
from 2023

From $231k in 2023 to $252k in 2024.

$231k
2023
$252k
2024
In today's dollarsEst.
Up 6% in real terms$252k to $267k

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

Vice President pay rose 9% from 2023 to 2024, while revenue fell 7%.

$231k in 2023 to $252k in 2024.
  • Highest Compensated Employee pay rose 33% from 2023 to 2024.
  • Board Member pay fell 1% 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.
Financial trend

Revenue and expenses over time

LIGHTHOUSE ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$42.5M
$42.5M
2023
$39.4M
$39.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LIGHTHOUSE ELECTRIC COOPERATIVE INC

What does the Vice President of LIGHTHOUSE ELECTRIC COOPERATIVE INC earn?

In 2024, the Vice President of LIGHTHOUSE ELECTRIC COOPERATIVE INC received $251,850 in total compensation. This pay is in the top 10% for Vice President roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Vice President pay at LIGHTHOUSE ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Vice President at LIGHTHOUSE ELECTRIC COOPERATIVE INC falls in the top 10%.

What are LIGHTHOUSE ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, LIGHTHOUSE ELECTRIC COOPERATIVE INC reported $39.4M in total revenue and $39.4M in total expenses on its IRS Form 990.

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