Denton County Electric Cooperative Inc
Corinth, TX · EIN 75-0233075 · Rank 793 by total revenue
To provide electric power to members at cost on a cooperative basis.
Money, Form 990 for tax year 2024
- Total revenue
- $861,693,075
- Total expenses
- $860,619,539
- Total assets
- $2,259,219,165
- Salary base (all salaries and wages)
- $38,177,904
- Salaries, other pay and benefits
- $53,952,417
- Employees
- 543
- Salary base per employee
- $70,309
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (16)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Donald Clary | PRESIDENT & CEO | Officer | 50 | $1,277,565 |
| Philip Hassell | SENIOR VP - FIELD OPERATIONS | Officer | 42 | $565,581 |
| Denise Smithers | SENIOR VP - CUSTOMER CARE/ENGMENT | Officer | 45 | $521,454 |
| Gary Franzen | SENIOR VP - ENERGY RESOURCES | Officer | 50 | $516,487 |
| Brent Bishop | SENIOR VP & CFO | Officer | 45 | $509,585 |
| Greg Ward | SENIOR VP - ENERGY INFRASTRUCTURE | Officer | 50 | $491,840 |
| Jeffrey McNeal | SENIOR VP - INFORMATION TECHNOLOGY | Officer | 50 | $480,132 |
| Dyan James | SENIOR VP - CORPORATE SERVICES | Officer | 45 | $424,085 |
| Trisha Sheffield | CHAIR | Board, Officer | 10.3 | $46,400 |
| Jarett Adair | SECRETARY/TREASURER | Board, Officer | 9 | $43,900 |
| William Ragsdale | VICE CHAIR | Board, Officer | 7.8 | $39,900 |
| Christopher McCraw | DIRECTOR | Board | 9.3 | $44,900 |
| William Kollar | DIRECTOR | Board | 8.9 | $41,990 |
| Richard Muir | DIRECTOR (JAN-OCT) | Board | 7.5 | $34,950 |
| Leon Pelzel | DIRECTOR (JAN-AUG) | Board | 7 | $24,600 |
| Lynn Stucky | DIRECTOR (OCT-DEC) | Board | 9.6 | $4,450 |
Top 10 paid people listed
These 10 people received $5,415,720, which is 14.2% of the $38,177,904 salary base shared by 543 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Donald Clary | PRESIDENT & CEO | Officer | 50 | $1,068,113 | $0 | $209,452 | $1,277,565 |
| Philip Hassell | SENIOR VP - FIELD OPERATIONS | Officer | 42 | $349,596 | $0 | $215,985 | $565,581 |
| Denise Smithers | SENIOR VP - CUSTOMER CARE/ENGMENT | Officer | 45 | $385,948 | $0 | $135,506 | $521,454 |
| Gary Franzen | SENIOR VP - ENERGY RESOURCES | Officer | 50 | $366,659 | $0 | $149,828 | $516,487 |
| Brent Bishop | SENIOR VP & CFO | Officer | 45 | $387,075 | $0 | $122,510 | $509,585 |
| Greg Ward | SENIOR VP - ENERGY INFRASTRUCTURE | Officer | 50 | $370,125 | $0 | $121,715 | $491,840 |
| Jeffrey McNeal | SENIOR VP - INFORMATION TECHNOLOGY | Officer | 50 | $369,318 | $0 | $110,814 | $480,132 |
| Dyan James | SENIOR VP - CORPORATE SERVICES | Officer | 45 | $347,832 | $0 | $76,253 | $424,085 |
| Charles Turner | ADVISOR TO THE CFO | Highly paid employee | 40 | $241,305 | $0 | $81,903 | $323,208 |
| Peter Nylec | DIRECTOR OF ENGINEERING | Highly paid employee | 45 | $256,132 | $0 | $49,651 | $305,783 |
Sources
- IRS e-file return 202513219349300546 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 75-0233075
- Organization website (as filed): www.coserv.com