Denton County Electric Cooperative Inc

Corinth, TX
Tax-exempt since Dec. 1938
EIN: 75-0233075

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$826M (2022)

Expenses

$825M (2022)

Total Assets

$2.04B (2022)

Total Liabilities

$1.26B (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

Revenue

$826,144,853

Expenses

$824,911,246

Net Income

$1,233,607

Net Assets

$778,379,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$823,330,632	99.7%
Investment Income	$688,377	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,367,125	0.2%
Net Fundraising	$0
Sales of Assets	$241,613	0.0%
Net Inventory Sales	$0
Other Revenue	$517,106	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,262,255	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$24,993,138	3.0%

Assets/Debt
Total Assets	$2,042,962,594
Total Liabilities	$1,264,582,796
Net Assets	$778,379,798

Club or Co-Op Income
Income From Members	$845,248,034
Income From Other Sources	$28,326,446

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Clary (President & Ceo)	$926,842	$0	$392,779
Denise Smithers (Senior Vp Customer Experience)	$351,839	$0	$157,000
Brent Bishop (Senior Vp & Cfo)	$344,895	$0	$152,091
Jeffrey Mcneal (Senior Vp Information Technology)	$339,704	$0	$168,998
Greg Ward (Senior Vp Business Dev. & Strategy)	$339,037	$0	$161,353
Robby Hamlin (Senior Vp Engineering Services)	$327,964	$0	$209,297
Philip Hassell (Vp Field Operations)	$278,087	$0	$132,263
Dyan James (Vp Employee Relations)	$276,745	$0	$59,877
Gary Franzen (Vp Energy Resouces)	$246,327	$0	$92,857
Charles Turner (Director Finance)	$208,715	$0	$82,543
Wayne Francis (Director It Infrastructure & Security)	$203,414	$0	$53,083
Jackie Grass (Director Accounting)	$189,897	$0	$71,354
Greg Rice (Director It Enterprise Application)	$189,707	$0	$99,478
Chad Luig (Director Corporate Compliance)	$187,982	$0	$71,146
Mark Rutledge (Director)	$49,400	$0	$0
Trisha Sheffield (Secretary/Treasurer)	$45,900	$0	$0
Bill Ragsdale (Chairman)	$44,400	$0	$0
Christopher Mccraw (Vice Chairman)	$43,400	$0	$0
Jarett Adair (Director)	$40,900	$0	$0
Leon Pelzel (Director)	$40,400	$0	$0
Richard Muir (Director)	$39,900	$0	$0

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990

Filed on Nov. 14, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$639,082,515

Expenses

$638,515,773

Net Income

$566,742

Net Assets

$723,951,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$637,249,543	99.7%
Investment Income	$107,954	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$915,605	0.1%
Net Fundraising	$0
Sales of Assets	$358,387	0.1%
Net Inventory Sales	$0
Other Revenue	$451,026	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,531,118	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,848,245	3.7%

Assets/Debt
Total Assets	$1,535,737,864
Total Liabilities	$811,786,151
Net Assets	$723,951,713

Club or Co-Op Income
Income From Members	$581,026,653
Income From Other Sources	$17,843,023

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Clary (President & Ceo)	$867,405	$0	$361,801
Denise Smithers (Senior Vp Customer Experience)	$332,418	$0	$144,719
Brent Bishop (Senior Vp & Cfo)	$325,308	$0	$133,503
Jeffrey Mcneal (Senior Vp Information Technology)	$322,136	$0	$154,573
Greg Ward (Senior Vp Business Dev. & Strategy)	$320,069	$0	$175,938
Robby Hamlin (Senior Vp Engineering Services)	$319,789	$0	$204,778
Bruce Boutilier (Sr Director Of Government Affairs)	$213,785	$0	$120,394
Gary Franzen (Director Of Energy Service)	$208,352	$0	$82,784
Charles Turner (Director Of Finance)	$204,569	$0	$82,539
Wayne Francis (Director Of It Infra. & Security)	$196,598	$0	$110,643
Vicki Sargent (Director Of Community Engagement)	$194,537	$0	$60,779
Dyan James (Vp Employee Relations)	$185,294	$0	$63,922
Philip Hassel (Vp Field Operations)	$183,721	$0	$128,444
Mark Rutledge (Director)	$51,900	$0	$0
Bill Ragsdale (Chairman)	$46,400	$0	$0
Christopher Mccraw (Vice Chairman)	$44,400	$0	$0
Trisha Sheffield (Secretary/Treasurer)	$42,400	$0	$0
Richard Muir (Director)	$41,400	$0	$0
Leon Pelzel (Director)	$39,900	$0	$0
Curtis Tally (Director (Jan Nov))	$37,450	$0	$0
Jarett Adair (Director (Dec))	$3,450	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$555,865,446

Expenses

$554,870,419

Net Income

$995,027

Net Assets

$650,521,048

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$553,496,319	99.6%
Investment Income	$908,698	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,034,608	0.2%
Net Fundraising	$0
Sales of Assets	-$7,594
Net Inventory Sales	$0
Other Revenue	$433,415	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,977,159	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,159,287	4.2%

Assets/Debt
Total Assets	$1,353,458,568
Total Liabilities	$702,937,520
Net Assets	$650,521,048

Club or Co-Op Income
Income From Members	$513,335,181
Income From Other Sources	$32,596,873

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Clary (President & Ceo)	$797,356	$0	$284,471
Denise Smithers (Senior Vp Corporate Relations)	$318,003	$0	$125,923
Brent Bishop (Senior Vp & Cfo)	$311,176	$0	$114,469
Robby Hamlin (Senior Vp Engineering Services)	$306,914	$0	$177,469
Jeffrey Mcneal (Senior Vp Information Technology)	$306,885	$0	$126,830
Greg Ward (Senior Vp Field Operations)	$306,759	$0	$114,287
Curtis Trivitt (Senior Vp Energy Services (Jan Jun))	$285,281	$0	$122,536
Bruce Boutilier (Sr Director Of Government Affairs)	$207,078	$0	$108,290
Ruth Ann Sicking (Data Architect (Jan Sept))	$205,567	$0	$69,377
Gary Franzen (Director Of Energy Services)	$201,873	$0	$62,999
Charles Turner (Director Of Finance)	$198,361	$0	$103,042
Wayne Francis (Director Of It Infra. & Security)	$190,458	$0	$97,821
Curtis Tally (Director)	$40,900	$0	$0
Christopher Mccraw (Vice Chairman)	$40,400	$0	$0
Leon Pelzel (Director)	$39,900	$0	$0
Trisha Sheffield (Secretary/Treasurer)	$39,900	$0	$0
Richard Muir (Director)	$38,900	$0	$0
Bill Ragsdale (Chairman)	$37,900	$0	$0
Clinton Bedsole Jan Aug (Director)	$30,050	$0	$0
Mark Rutledge Aug Dec (Director)	$10,850	$0	$0

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990

Filed on Nov. 15, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$559,966,199

Expenses

$558,364,036

Net Income

$1,602,163

Net Assets

$619,454,171

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$557,507,242	99.6%
Investment Income	$1,601,532	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$576,148	0.1%
Net Fundraising	$0
Sales of Assets	-$214,819
Net Inventory Sales	$0
Other Revenue	$496,096	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,896,394	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,446,897	3.8%

Assets/Debt
Total Assets	$1,336,367,088
Total Liabilities	$716,912,917
Net Assets	$619,454,171

Club or Co-Op Income
Income From Members	$542,268,137
Income From Other Sources	$33,896,033

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Clary (President & Ceo)	$487,928	$0	$244,759
Curtis Trivitt (Senior Vp Energy Service)	$413,247	$0	$132,957
James Lamirand Jan Jul (Senior Vp Marketing & Cust. Care)	$303,429	$0	$6,649
Denise Smithers (Senior Vp Corporate Relations)	$293,527	$0	$111,052
Brent Bishop (Senior Vp & Cfo)	$284,944	$0	$106,494
Robby Hamlin (Senior Vp Engineering Services)	$280,668	$0	$133,185
Greg Ward (Senior Vp Field Operations)	$280,393	$0	$107,999
Jeffrey Mcneal (Senior Vp Information Technology)	$279,971	$0	$99,923
Bruce Boutilier (Sr Director Of Government Affairs)	$201,926	$0	$110,006
Charles Turner (Director Of Finance)	$191,812	$0	$84,299
Wayne Francis (Director Of Information Technology)	$182,987	$0	$83,280
Ruth Ann Sicking (Director Of Information Systems)	$177,542	$0	$68,483
Vicki Sargent (Director Of Community Relations)	$171,393	$0	$43,980
Clinton Bedsole (Director)	$50,267	$0	$0
Christopher Mccraw (Secretary/Treasurer)	$50,067	$0	$0
Leon Pelzel (Director)	$47,617	$0	$0
Trisha Sheffield (Director)	$47,317	$0	$0
Richard Muir (Chairman)	$45,967	$0	$0
Bill Ragsdale (Vice Chairman)	$44,867	$0	$0
Curtis Tally (Director)	$43,167	$0	$0

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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$525,121,580

Expenses

$523,885,362

Net Income

$1,236,218

Net Assets

$580,370,334

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$523,059,033	99.6%
Investment Income	$1,096,867	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$590,169	0.1%
Net Fundraising	$0
Sales of Assets	-$16,878
Net Inventory Sales	$0
Other Revenue	$392,389	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,977,714	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$22,812,259	4.4%

Assets/Debt
Total Assets	$1,305,141,201
Total Liabilities	$724,770,867
Net Assets	$580,370,334

Club or Co-Op Income
Income From Members	$510,037,577
Income From Other Sources	$37,632,269

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Clary (President & Ceo)	$447,737	$0	$219,990
Curtis Trivitt (Senior Vp Energy Service)	$380,883	$0	$136,833
Stacia Sims Jan Sep (Senior Vp Information Services)	$296,294	$0	$17,420
Denise Smithers (Senior Vp Corporate Relations)	$273,991	$0	$106,513
Brent Bishop (Senior Vp & Cfo)	$262,389	$0	$117,252
James Lamirand (Senior Vp Marketing & Cust. Care)	$262,208	$0	$37,734
Robby Hamlin (Senior Vp Engineering Services)	$256,271	$0	$128,597
Greg Ward (Senior Vp Field Operations)	$255,680	$0	$108,270
Jeffrey Mcneal (Senior Vp Information Technology)	$243,094	$0	$85,527
Bruce Boutilier (Sr Director Of Customer Operations)	$194,988	$0	$106,952
Charles Turner (Director Of Finance)	$185,281	$0	$89,413
Wayne Francis (Director Of Information Technology)	$177,426	$0	$82,169
Ruth Ann Sicking (Director Of Information Systems)	$173,954	$0	$69,896
Vicki Sargent (Director Of Community Relations)	$163,617	$0	$44,118
Christopher Mccraw (Secretary/Treasurer)	$58,068	$0	$0
Clinton Bedsole (Director)	$52,818	$0	$0
Leon Pelzel (Director)	$49,268	$0	$0
Bill Ragsdale (Vice Chairman)	$49,018	$0	$0
Richard Muir (Chairman)	$45,718	$0	$0
Curtis Tally (Director)	$45,568	$0	$0
Trisha Sheffield (Director)	$40,573	$0	$0

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990

Filed on Nov. 15, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$489,232,348

Expenses

$488,727,169

Net Income

$505,179

Net Assets

$542,463,279

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$487,791,651	99.7%
Investment Income	$383,086	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$655,124	0.1%
Net Fundraising	$0
Sales of Assets	$25,719	0.0%
Net Inventory Sales	$10,851	0.0%
Other Revenue	$365,917	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,102,401	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$20,975,678	4.3%

Assets/Debt
Total Assets	$1,236,291,525
Total Liabilities	$693,828,246
Net Assets	$542,463,279

Club or Co-Op Income
Income From Members	$459,770,013
Income From Other Sources	$34,272,387

Compensation

Key Employees and Officers	Compensation	Related	Other
Curtis Trivitt (Senior Vp Energy Service)	$454,685	$0	$159,232
Donald Clary (President & Ceo)	$422,481	$0	$180,263
Stacia Sims (Senior Vp Information Services)	$281,875	$0	$93,943
Joe Forman Jan Aug (Senior Vp Corporate Relations)	$260,670	$0	$27,494
Denise Smithers (Senior Vp Employee Relations)	$260,111	$0	$96,456
Brent Bishop (Senior Vp & Cfo)	$250,983	$0	$98,273
Greg Ward (Senior Vp Field Operations)	$234,534	$0	$89,758
Robby Hamlin (Senior Vp Engineering Services)	$230,740	$0	$87,032
James Lamirand (Senior Vp Marketing & Cust. Care)	$218,209	$0	$19,839
Jeffrey Mcneal (Senior Vp Information Technology)	$212,488	$0	$61,052
Bruce Boutilier (Sr Director Of Customer Operations)	$186,995	$0	$92,628
Charles Turner (Director Of Finance)	$180,444	$0	$88,043
Wayne Francis (Director Of Information Technology)	$171,940	$0	$75,921
Ruth Ann Sicking (Director Of Information Systems)	$160,450	$0	$60,860
Vicki Sargent (Director Of Community Relations)	$157,594	$0	$37,285
Anne Vaden (Director)	$56,745	$0	$0
Christopher Mccraw (Secretary/Treasurer)	$55,118	$0	$0
Clinton Bedsole (Director)	$54,018	$0	$0
Curtis Tally (Director)	$51,418	$0	$0
Leon Pelzel (Director)	$50,168	$0	$0
Bill Ragsdale (Vice Chairman)	$48,768	$0	$0
Richard Muir (Chairman)	$46,068	$0	$0

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990

Filed on Nov. 13, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$453,276,118

Expenses

$451,301,651

Net Income

$1,974,467

Net Assets

$499,242,993

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$450,459,962	99.4%
Investment Income	$623,188	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$688,062	0.2%
Net Fundraising	$0
Sales of Assets	$1,138,007	0.3%
Net Inventory Sales	$17,968	0.0%
Other Revenue	$348,931	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,321,847	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,165,368	4.2%

Assets/Debt
Total Assets	$1,169,665,469
Total Liabilities	$670,422,476
Net Assets	$499,242,993

Club or Co-Op Income
Income From Members	$441,362,829
Income From Other Sources	$26,989,960

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Clary (President And Ceo)	$392,993	$0	$148,463
Curtis Trivitt (Senior Vp Energy Service)	$318,868	$0	$146,368
Joe Forman (Senior Vp Corp. Relations)	$295,150	$0	$143,360
Stacia Sims (Senior Vp Information Services)	$270,055	$0	$81,928
Denise Smithers (Senior Vp Employee Relations)	$250,091	$0	$86,285
Brent Bishop (Senior Vp & Cfo)	$242,213	$0	$87,101
Greg Ward (Senior Vp Field Operations)	$216,619	$0	$64,869
Robby Hamlin (Senior Vp Engineering Services)	$198,545	$0	$73,970
Jeffrey Mcneal (Sr Director Of Information Security)	$198,466	$0	$31,782
Bruce Boutilier (Sr Director Of Customer Operations)	$179,320	$0	$59,035
Charles Turner (Director Of Finance)	$174,235	$0	$62,173
Wayne Francis (Director Of Information Technology)	$161,158	$0	$53,111
Ruth Ann Sicking (Director Of Information Systems)	$156,348	$0	$34,296
Clinton Bedsole (Director)	$47,573	$0	$0
Anne Vaden (Chairman)	$46,111	$0	$0
Leon Pelzel (Director)	$43,066	$0	$0
Curtis Tally (Director)	$42,460	$0	$0
Richard Muir (Vice Chairman)	$42,185	$0	$0
Bill Ragsdale (Secretary/Treasurer)	$42,185	$0	$0
Christopher Mccraw (Director)	$41,389	$0	$0

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990

Filed on Nov. 13, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$472,572,204

Expenses

$471,757,749

Net Income

$814,455

Net Assets

$465,601,830

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$470,984,141	99.7%
Investment Income	$865,688	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$504,933	0.1%
Net Fundraising	$0
Sales of Assets	-$124,988
Net Inventory Sales	$10,258	0.0%
Other Revenue	$332,172	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,949,476	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$18,014,139	3.8%

Assets/Debt
Total Assets	$1,123,708,908
Total Liabilities	$658,107,078
Net Assets	$465,601,830

Club or Co-Op Income
Income From Members	$469,685,575
Income From Other Sources	$30,864,634

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald Clary (President And Ceo)	$377,912	$0	$132,753
Curtis Trivitt (Senior Vp Energy Service)	$320,377	$0	$156,190
Joe Forman (Senior Vp Corp. Relations)	$297,744	$0	$136,369
Stacia Sims (Senior Vp Info Services)	$273,592	$0	$78,385
Denise Smithers (Senior Vp Employee Relations)	$250,753	$0	$79,332
Brent Bishop (Senior Vp & Cfo)	$242,279	$0	$80,357
Jeffrey Mcneal (Sr Director Of Info Securi)	$199,089	$0	$51,031
Robby Hamlin (Sr Director Of Engineering)	$192,415	$0	$62,025
Bruce Boutilier (Sr Director Of Customer Ops)	$180,861	$0	$80,203
Greg Ward (Senior Vp Field Operations)	$178,603	$0	$56,824
Charles Turner (Director Of Finance)	$175,400	$0	$72,021
Philip Hassell (Operations Superintendent)	$162,205	$0	$55,701
Clinton Bedsole (Director)	$62,004	$0	$0
Anne Vaden (Chairman)	$46,416	$0	$0
Bill Ragsdale (Sec Treasurer)	$39,823	$0	$0
Richard Muir (Vice Chairman)	$39,454	$0	$0
Curtis Tally (Director)	$37,629	$0	$0
Leon Pelzel (Director)	$36,491	$0	$0
Clyde Geer (Director (Jan Sept))	$26,189	$0	$0

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990

Filed on Nov. 15, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$511,928,272

Expenses

$511,244,116

Net Income

$684,156

Net Assets

$422,927,332

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$510,501,484	99.7%
Investment Income	$711,742	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$750,293	0.1%
Net Fundraising	$0
Sales of Assets	-$48,587
Net Inventory Sales	$13,340	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,187,487	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,630,925	3.1%

Assets/Debt
Total Assets	$1,074,607,340
Total Liabilities	$651,680,008
Net Assets	$422,927,332

Club or Co-Op Income
Income From Members	$469,612,902
Income From Other Sources	$29,190,312

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Dreyspring (President & Ceo (Jan))	$740,007	$0	$10,231
Donald Clary (President And Ceo)	$333,495	$0	$123,988
Curtis Trivitt (Senior Vp Energy Service)	$301,951	$0	$139,599
Joe Forman (Senior Vp Operations)	$279,200	$0	$124,315
Stacia Sims (Senior Vp Info Services)	$243,757	$0	$69,132
Denise Smithers (Senior Vp Employee Relations)	$214,593	$0	$75,422
Jeffrey Mcneal (Sr Director Of Info Security)	$181,041	$0	$45,393
Brent Bishop (Vp & Cfo)	$179,756	$0	$55,963
Robby Hamlin (Sr Director Of Engineering)	$167,662	$0	$52,944
Charles Turner (Director Of Finance)	$165,691	$0	$73,778
Bruce Boutilier (Sr Director Of Customer Operations)	$163,429	$0	$60,131
Greg Ward (Sr Director Of Operations)	$155,444	$0	$49,625
William Ragsdale (Director)	$46,891	$0	$0
Anne Vaden (Vice Chairman)	$45,079	$0	$0
Clyde Geer (Chairman)	$43,891	$0	$0
Richard Muir (Sec Treasurer)	$42,641	$0	$0
Curtis Tally (Director)	$39,091	$0	$0
Leon Pelzel (Director)	$37,935	$0	$0
Jerry Cobb (Director (Jan Aug))	$25,394	$0	$0
Clinton Bedsole (Director (Sept Dec))	$15,156	$0	$0

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990

Filed on Nov. 13, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$430,679,536

Expenses

$432,469,383

Net Income

-$1,789,847

Net Assets

$374,706,318

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$432,006,748	> 100%
Investment Income	$939,709	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$510,274	0.1%
Net Fundraising	$0
Sales of Assets	-$2,787,415
Net Inventory Sales	$10,220	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,748,740	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,228,776	3.5%

Assets/Debt
Total Assets	$1,014,720,702
Total Liabilities	$640,014,384
Net Assets	$374,706,318

Club or Co-Op Income
Income From Members	$418,286,412
Income From Other Sources	$25,615,432

Compensation

Key Employees and Officers	Compensation	Related	Other
Michael Dreyspring (President & Ceo)	$375,980	$0	$180,624
Donnie Clary (Senior Vp & Cfo)	$325,248	$0	$137,075
Curtis Trivitt (Senior Vp Energy Service)	$305,135	$0	$147,851
Joe Forman (Senior Vp Operations)	$274,147	$0	$125,189
Stacia Sims (Senior Vp Info Services)	$237,934	$0	$87,703
Denise Smithers (Senior Vp Employee Relat)	$200,594	$0	$81,590
Charles Turner (Director Of Finance)	$164,384	$0	$73,936
Bruce Boutilier (Sr Director Of Customer Ops)	$158,857	$0	$60,689
Robby Hamlin (Sr Director Of Engineering)	$156,395	$0	$51,349
Jeffrey Mcneal (Sr Director Of Info Security Svcs)	$151,887	$0	$50,251
Greg Ward (Sr Director Of Operations)	$148,551	$0	$49,810
William Ragsdale (Director)	$42,229	$0	$0
Anne Vaden (Vice Chairman)	$41,504	$0	$0
Clyde Geer (Chairman)	$41,316	$0	$0
Richard Muir (Sec Treasurer)	$39,166	$0	$0
Curtis Tally (Director)	$38,179	$0	$0
Leon Pelzel (Director)	$34,785	$0	$0
Jerry Cobb (Director)	$32,491	$0	$0

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990

Filed on Nov. 14, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$402,819,909

Expenses

$404,821,760

Net Income

-$2,001,851

Net Assets

$327,391,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$404,403,016	> 100%
Investment Income	$1,002,566	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$508,669	0.1%
Net Fundraising	$0
Sales of Assets	-$3,104,955
Net Inventory Sales	$10,613	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,567,396	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,929,724	3.7%

Assets/Debt
Total Assets	$961,429,319
Total Liabilities	$634,037,799
Net Assets	$327,391,520

Club or Co-Op Income
Income From Members	$385,828,180
Income From Other Sources	$27,743,244

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$449,247,633

Expenses

$448,825,039

Net Income

$422,594

Net Assets

$293,107,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$448,328,360	99.8%
Investment Income	$1,219,712	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$523,052	0.1%
Net Fundraising	$0
Sales of Assets	-$831,537
Net Inventory Sales	$8,046	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,360,828	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,887,899	3.3%

Assets/Debt
Total Assets	$747,297,104
Total Liabilities	$454,190,031
Net Assets	$293,107,073

Club or Co-Op Income
Income From Members	$431,961,920
Income From Other Sources	$29,548,240

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

Denton County Electric Cooperative Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $826M (2022)

Expenses $825M (2022)

Total Assets $2.04B (2022)

Total Liabilities $1.26B (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Revenue

$826M (2022)

Expenses

$825M (2022)

Total Assets

$2.04B (2022)

Total Liabilities

$1.26B (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004