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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Bandera Electric Cooperative Inc.

Bandera Electric Cooperative Inc.

Fiscal year ending 2023. Filed on November 15, 2024.

PO Box 667
Bandera, Texas 78003

Bandera Electric Cooperative Inc. (EIN: 74-0498072) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Bandera Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 15 out of 166 total employees. Among the employees shown here, the average compensation is $296,627. The highest compensated employee at Bandera Electric Cooperative Inc. is William Hetherington with fiscal year 2023 compensation of $863,684.

Revenue, expenses, and employee compensation

Revenue

$110,428,725

Expenses

$110,134,246

Employee compensation

$14,727,925
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Hetherington
Chief Executive Officer and General Manager
$863,684
$723,849 No related comp$139,835
John Padalino
General Counsel/Chief Admin Officer
$403,957
$330,890 No related comp$73,067
Shane Schmidt
Vice President of BEC Fiber
$399,547
$326,043 No related comp$73,504
Becky Bradburn
Chief Financial Officer
$336,283
$250,524 No related comp$85,759
Johnny Olibas
Information Technology Director
$299,793
$217,237 No related comp$82,556
John Rush
Director of Electric Operations
$268,469
$190,033 No related comp$78,436
Mark Busby
T&D LINE Superintendent
$247,030
$130,697 No related comp$116,333
Thilo Janssen
Engineering Director
$239,935
$180,270 No related comp$59,665
John Hernandez
Line Foreman
$226,886
$163,823 No related comp$63,063
Allen Marshall
Manager of Outside Plant Operations
$214,415
$158,463 No related comp$55,952
Michael Shults
Network Operations Manager
$202,663
$160,441 No related comp$42,222
Billy Simpson
Manager of Products and Services
$200,362
$149,936 No related comp$50,426

Benchmark Employee Compensation

Non-Employee Board Members

Michael Edwards
Chair
$38,100
$38,100 No related compNo other comp
Jeremy Diller
Vice Chair
$36,000
$36,000 No related compNo other comp
Chris Blakemore
Director
$35,000
$35,000 No related compNo other comp
Annegreth Niemann
Director
$34,500
$34,500 No related compNo other comp
Kurt Solis
Secretary and Treasurer
$33,250
$33,250 No related compNo other comp
Jeffrey Slocum
Director
$32,500
$32,500 No related compNo other comp
Robert Aguirre
Director
$32,500
$32,500 No related compNo other comp
Frances Laue
Director
$32,000
$32,000 No related compNo other comp
Richard Earnest
Director
$30,500
$30,500 No related compNo other comp

Contractors

Das Underground Utilities LLC
Underground Construction
$3,487,973
Das Fiber LLC
Fiber
$2,087,322
Pannell Contracting LLC
Right of Way Clearing
$1,942,925
Senergy
Engineering
$854,610
Twentyseven Global
Apolloware Development
$808,625

Mission Statement

TO PROVIDE ELECTRIC, BROADBAND INTERNET AND OTHER RELATED GOODS AND SERVICES TO OUR MEMBERS.

Revisions to this organization profile

November 17, 2025:
2024 Bandera Electric Cooperative Inc. 990 filed
November 15, 2024:
2023 Bandera Electric Cooperative Inc. 990 filed
November 16, 2023:
2022 Bandera Electric Cooperative Inc. 990 filed

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