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Filing year 2024

LIGHTHOUSE ELECTRIC COOPERATIVE INC

Floydada, Texas·EIN 75-0273171·12
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 · Schedule J · 17 reported individuals · Filing year 2024

General Manager/executive VP
vice president
$252k
$267k
Base
$180k
Bonus
$1k
Other
$4k
Benefits
$19k
Line Superintendent
highest compensated employee
$219k
$233k
Base
$120k
Bonus
$1k
Other
$9k
Benefits
$37k
Working Foreman
highest compensated employee
$194k
$206k
Base
$120k
Bonus
$1k
Other
$3k
Benefits
$37k
Director of Engineering
highest compensated employee
$174k
$185k
Base
$122k
Bonus
$588
Other
$4k
Benefits
$23k
Warehouse Foreman
highest compensated employee
$169k
$179k
Base
$80k
Bonus
$792
Other
$38k
Benefits
$14k
Construction Foreman
highest compensated employee
$160k
$170k
Base
$134k
Bonus
$300
Other
$343
Benefits
$19k
Director
board member
$22k
$23k
Secretary/treasurer
officer (unspecified)
$22k
$23k
$22k
$23k
Director
board member
$22k
$23k
Director
board member
$22k
$23k
Director
board member
$22k
$23k
Vice President
vice president
$22k
$23k
Director (may-dec)
board member
$14k
$15k
Director (may-dec)
board member
$14k
$15k
Director (jan-april)
board member
$7k
$8k
Director (jan-april)
board member
$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.

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.
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