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Filing year 2024

WOOD COUNTY ELECTRIC COOPERATIVE

Quitman, Texas·EIN 75-0667075·12
Total revenue
$90.4M
Total assets
$236.9M
Total expenses
$90.4M
Reported officers
15
Mission

As stated in the by-laws of the cooperative our aim is "to make electric energy and/or other services as allowed by applicable state and federal law available to its members at the lowest costs consistent with sound cooperative business principles."

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

General Manager/ceo
key employee
$445k
$472k
Base
$242k
Bonus
$5k
Other
$2k
Benefits
$26k
Chief Operating Officer
$288k
$306k
Base
$167k
Bonus
$1k
Other
$2k
Benefits
$24k
Serviceman
highest compensated employee
$215k
$228k
Base
$124k
Bonus
$2k
Other
$674
Benefits
$26k
Director of Human Resources
highest compensated employee
$194k
$206k
Base
$113k
Bonus
$2k
Other
$3k
Benefits
$26k
Director of Accounting
director (operational)
$186k
$197k
Base
$112k
Bonus
$2k
Other
$612
Benefits
$26k
Construction Foreman
highest compensated employee
$176k
$187k
Base
$114k
Bonus
$2k
Other
$636
Benefits
$25k
Serviceman
highest compensated employee
$171k
$182k
Base
$119k
Bonus
$2k
Other
$446
Benefits
$26k
Serviceman
highest compensated employee
$160k
$169k
Base
$112k
Bonus
$2k
Other
$433
Benefits
$26k
Secretary/treasurer
board treasurer
$35k
$37k
Director
board member
$34k
$36k
Director
board member
$18k
$19k
Director
board member
$17k
$18k
President
board president
$15k
$16k
Vice President
vice president
$15k
$16k
Director
board member
$12k
$13k

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 12%
from 2023

From $397k in 2023 to $445k in 2024.

$397k
2023
$445k
2024
In today's dollarsEst.
Up 9% in real terms$434k to $472k

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

WOOD COUNTY ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$94.5M
$94.5M
2023
$90.4M
$90.4M
2024
Total revenue and total expenses from IRS Form 990 filings.
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