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Wharton County Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$28.7M (2022)

Expenses
$28.7M (2022)

Total Assets
$86.7M (2022)

Total Liabilities
$39.9M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,692,151
Expenses
$28,692,151
Net Income
$0
Net Assets
$46,798,666
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,304,011
95.2%
Investment Income $884,127
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $504,013
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $355,858
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $581,531
2.0%
Assets/Debt
Total Assets $86,677,432
Total Liabilities $39,878,766
Net Assets $46,798,666
Club or Co-Op Income
Income From Members $27,223,240
Income From Other Sources $1,468,911
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm/Ceo) $207,038 $0 $80,620
Keith Beal (It Manager) $150,979 $0 $63,920
Chris Caveness (Line Superintenden) $112,533 $0 $53,545
Luz M Arredondo (Mgr Of Member Serv) $108,560 $0 $42,068
Richard Arnett (Eng Superintendent) $105,002 $0 $38,452
Patsy Metting (Mgr Of Accounting) $104,457 $0 $40,950
John Roach (President) $9,600 $0 $0
Judy Peter (Director) $9,000 $0 $0
Calvin Pfeil Jr (Director) $8,800 $0 $0
Samuel Craig Hardin (Director) $7,900 $0 $0
Jim W Harton (Vice President) $7,700 $0 $0
Patrick Kubala (Asst Sec/Tre) $7,300 $0 $0
Gus Wessels Jr (Secretary/Tres) $5,200 $0 $0
Matthew Lutringer (Director) $4,000 $0 $0
Paul L Phillips Jr (Director) $3,600 $0 $0
Rick Graff (Director) $2,700 $0 $0
Tracy A Floyd (Director) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,582,053
Expenses
$23,582,053
Net Income
$0
Net Assets
$45,454,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,159,134
94.0%
Investment Income $953,363
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $469,556
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $563,200
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $213,802
0.9%
Assets/Debt
Total Assets $84,172,616
Total Liabilities $38,717,838
Net Assets $45,454,778
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm/ Ceo) $194,319 $0 $77,487
Wesley Lange (Mgr Of Engineering) $170,594 $0 $56,201
Keith Beal (It Manager) $142,049 $0 $61,506
Christopher Cavness (Line Superintenden) $109,510 $0 $51,646
Luz Arredondo (Mgr Of Member Serv) $106,200 $0 $40,190
Paul Phillips Jr (Director) $7,900 $0 $0
Jim W Harton (Secretary/Tres) $7,600 $0 $0
John Roach (Vice President) $7,600 $0 $0
Patrick Kubala (Director) $7,200 $0 $0
Samuel C Hardin (Director) $7,200 $0 $0
Calvin Pfeil (Director) $6,200 $0 $0
Gus Wessels Jr (Asst Sec/Treas) $5,900 $0 $0
Rick Graff (President) $5,750 $0 $0
Judy Peter (Director) $4,400 $0 $0
Frankie J Peter (Director) $2,550 $0 $0
Peggy Glaze (Director) $2,300 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,294,933
Expenses
$23,294,933
Net Income
$0
Net Assets
$44,308,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,699,871
93.2%
Investment Income $1,132,738
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $462,324
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $308,246
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $334,294
1.4%
Assets/Debt
Total Assets $81,619,701
Total Liabilities $37,311,380
Net Assets $44,308,321
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm/ Ceo) $196,292 $0 $74,554
Wesley Lange (Elec Systems Mgr) $161,461 $0 $53,591
Keith Beal (It Manager) $141,051 $0 $59,028
Christopher Cavness (Line Superintenden) $107,045 $0 $47,313
Richard Jalowy (Mgr Of Engineering) $104,846 $0 $39,758
Timothy Bohuslar (Foreman) $104,636 $0 $43,397
John Roach (Director) $6,600 $0 $0
Rick Graff (Sec/Treas) $5,600 $0 $0
Paul Phillips Jr (Vice President) $5,250 $0 $0
Jim W Harton (Asst Sec/Treas) $4,900 $0 $0
Frankie J Peter (President) $3,950 $0 $0
Gus Wessels Jr (Director) $3,800 $0 $0
Peggy Glaze (Director) $3,500 $0 $0
Leroy Kaspar (Former Director) $3,100 $0 $0
Aj Kresta (Former Director) $2,400 $0 $0
Samuel C Hardin (Director) $2,000 $0 $0
Patrick Kubala (Director) $1,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,428,968
Expenses
$23,428,968
Net Income
$0
Net Assets
$43,125,514
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,534,252
91.9%
Investment Income $1,404,381
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $490,335
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $292,883
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $208,656
0.9%
Assets/Debt
Total Assets $79,077,031
Total Liabilities $35,951,517
Net Assets $43,125,514
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm/ Ceo) $182,157 $0 $70,426
Wesley Lange (Elec Systems Mgr) $149,318 $0 $50,000
Keith Beal (It Manager) $129,764 $0 $56,103
Richard Jalowy (Mgr Of Engineering) $110,680 $0 $37,502
Christopher Cavness (Line Superintenden) $104,704 $0 $39,350
Jim W Harton (Director) $5,600 $0 $0
Leroy Kaspar (President) $5,400 $0 $0
Paul Phillips Jr (Asst Sec/Treas) $5,000 $0 $0
Peggy Glaze (Vice President) $4,600 $0 $0
Rick Graff (Director) $4,400 $0 $0
John Roach (Director) $4,400 $0 $0
Frankie J Peter (Director) $3,800 $0 $0
Aj Kresta (Sec/Treas) $3,600 $0 $0
Gus Wessels Jr (Director) $3,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,986,346
Expenses
$23,986,346
Net Income
$0
Net Assets
$40,869,306
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,392,335
93.4%
Investment Income $1,170,050
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $423,961
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $253,480
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $211,194
0.9%
Assets/Debt
Total Assets $75,391,504
Total Liabilities $34,522,198
Net Assets $40,869,306
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm/ Ceo) $149,320 $0 $61,110
Wesley Lange (Elec Systems Mgr) $145,954 $0 $48,488
Keith Beal (It Manager) $126,349 $0 $55,065
Jim W Harton (Director) $6,500 $0 $0
John Roach (Director) $5,800 $0 $0
Leroy Kaspar (President) $5,650 $0 $0
Rick Graff (Director) $4,900 $0 $0
Aj Kresta (Sec/Treas) $4,400 $0 $0
Paul Phillips Jr (Director) $4,200 $0 $0
Peggy Glaze (Vice President) $3,600 $0 $0
Frankie J Peter (Director) $3,500 $0 $0
Kenneth Christensen (Director) $2,700 $0 $0
Gus Wessels Jr (Director) $1,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,036,185
Expenses
$23,036,185
Net Income
$0
Net Assets
$38,988,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,486,662
93.3%
Investment Income $1,126,935
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $422,588
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $235,217
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $133,546
0.6%
Assets/Debt
Total Assets $71,256,863
Total Liabilities $32,268,051
Net Assets $38,988,812
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Wesley Lange (Elec Systems Mgr) $141,418 $0 $46,615
Gary Raybon (Gm/ Ceo) $135,949 $0 $58,668
Keith Beal (It Manager) $122,131 $0 $52,091
Leroy Kaspar (President) $6,600 $0 $0
John Roach (Director) $5,400 $0 $0
Kenneth Christensen (Vice President) $4,300 $0 $0
A J Kresta (Asst. Sec/Treas) $4,200 $0 $0
Paul Phillips Jr (Director) $4,100 $0 $0
Rick Graff (Director) $4,000 $0 $0
Peggy Glaze (Sec/Treas) $3,600 $0 $0
Jim W Harton (Director) $3,600 $0 $0
Frankie J Peter (Director) $3,600 $0 $0
Dale Kight (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,754,915
Expenses
$22,754,915
Net Income
$0
Net Assets
$36,570,313
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,155,257
93.0%
Investment Income $1,182,736
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $416,922
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $220,463
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $180,096
0.8%
Assets/Debt
Total Assets $68,541,934
Total Liabilities $31,971,621
Net Assets $36,570,313
Club or Co-Op Income
Income From Members $21,058,705
Income From Other Sources $513,474
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm/ Ceo) $127,590 $0 $55,123
Wesley Lange (Elec Systems Mgr) $124,415 $0 $51,345
Keith Beal (It Manager) $110,805 $0 $50,505
Leroy Kaspar (President) $6,850 $0 $0
A J Kresta (Asst. Sec/Treas) $4,400 $0 $0
Paul Phillips Jr (Director) $4,100 $0 $0
Kenneth Christensen (Vice President) $3,800 $0 $0
Peggy Glaze (Sec/Treas) $3,400 $0 $0
Frankie J Peter (Director) $3,400 $0 $0
John Roach (Director) $3,000 $0 $0
Dale Kight (Director) $2,800 $0 $0
Cheryl Roach (Director) $2,600 $0 $0
Rick Graff (Director) $2,200 $0 $0
Craig Bram (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,378,748
Expenses
$22,378,748
Net Income
$0
Net Assets
$34,731,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,642,197
92.2%
Investment Income $1,363,967
6.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $372,584
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $153,046
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $223,647
1.0%
Assets/Debt
Total Assets $64,946,774
Total Liabilities $30,215,026
Net Assets $34,731,748
Club or Co-Op Income
Income From Members $20,546,791
Income From Other Sources $467,990
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm / Ceo) $119,896 $0 $53,217
Wesley Lange (Electric Sys) $116,831 $0 $49,836
Keith Beal (It Manager/M) $106,816 $0 $47,806
Cheryl Roach (Sec/Treas) $5,300 $0 $0
Paul Phillips Jr (Director) $4,900 $0 $0
Kenneth Christensen (Vice Preside) $4,300 $0 $0
Peggy Glaze (Asst. Sec/Tr) $3,800 $0 $0
Frankie J Peter (Director) $3,600 $0 $0
Leroy Kaspar (President) $3,450 $0 $0
Craig A Bram (Director) $3,200 $0 $0
Dale Kight (Director) $2,300 $0 $0
A J Kresta (Director) $2,300 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,519,465
Expenses
$24,519,465
Net Income
$0
Net Assets
$32,057,417
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,722,513
92.7%
Investment Income $1,423,593
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $373,359
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $161,032
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $117,128
0.5%
Assets/Debt
Total Assets $61,621,266
Total Liabilities $29,563,849
Net Assets $32,057,417
Club or Co-Op Income
Income From Members $22,628,328
Income From Other Sources $467,544
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm / Ceo) $121,082 $0 $52,192
Wesley Lange (Electric Sys) $117,128 $0 $49,169
Cheryl Roach (Sec/Treas) $6,200 $0 $0
Leroy Kaspar (President) $5,250 $0 $0
Peggy Glaze (Asst. Sec/Tr) $5,000 $0 $0
A J Kresta (Director) $4,600 $0 $0
Paul Phillips Jr (Director) $4,300 $0 $0
Kenneth Christensen (Vice Preside) $4,200 $0 $0
Frankie J Peter (Director) $3,500 $0 $0
Craig A Bram (Director) $2,900 $0 $0
Keith Bram (Director) $2,300 $0 $0
Dale Kight (Director) $1,700 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,988,110
Expenses
$21,988,110
Net Income
$0
Net Assets
$29,952,128
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,507,210
93.3%
Investment Income $1,150,696
5.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $330,204
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $258,152
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $58,991,868
Total Liabilities $29,039,740
Net Assets $29,952,128
Club or Co-Op Income
Income From Members $20,408,295
Income From Other Sources $429,119
Compensation
Key Employees and Officers Compensation Related Other
Gary Raybon (Gm / Ceo) $116,069 $0 $22,431
Wesley Lange (Electric Systm Mgr) $112,433 $0 $22,189
Leroy Kaspar (Sec Treas) $4,400 $0 $0
Keith Bram (President) $3,800 $0 $0
Cheryl Roach (Asst. Sec/Treas) $3,500 $0 $0
Peggy Glaze (Director) $3,350 $0 $0
Kenneth Christensen (Vice President) $3,300 $0 $0
Frankie J Peter (Director) $3,300 $0 $0
A J Kresta (Director) $3,100 $0 $0
Craig A Bram (Director) $2,500 $0 $0
Paul Phillips Jr (Director) $2,400 $0 $0
Edward L Schneider (Director) $1,450 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,456,994
Expenses
$21,456,994
Net Income
$0
Net Assets
$27,080,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,952,755
93.0%
Investment Income $1,195,498
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $308,741
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $140,568
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,000,205
Total Liabilities $27,919,626
Net Assets $27,080,579
Club or Co-Op Income
Income From Members $19,854,107
Income From Other Sources $407,390

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,563,297
Expenses
$17,744,692
Net Income
$2,818,605
Net Assets
$24,943,766
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,187,080
93.3%
Investment Income $1,019,054
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $357,163
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $134,050
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $51,687,072
Total Liabilities $26,743,306
Net Assets $24,943,766
Club or Co-Op Income
Income From Members $19,088,598
Income From Other Sources $455,645

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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