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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 2024. Filed on November 17, 2025.

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 2024 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 168 total employees. Among the employees shown here, the average compensation is $306,280. The highest compensated employee at Bandera Electric Cooperative Inc. is William Hetherington with fiscal year 2024 compensation of $965,536.

Revenue, expenses, and employee compensation

Revenue

$114,366,638

Expenses

$114,274,372

Employee compensation

$14,707,738
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Hetherington
Chief Executive Officer/Gm
$965,536
$817,452 No related comp$148,084
John Padalino
General Counsel/Chief Admin Officer
$446,304
$366,292 No related comp$80,012
Shane Schmidt
Chief Operating Officer
$421,251
$343,468 No related comp$77,783
John Rush
Director of Electric Operations
$297,508
$218,967 No related comp$78,541
Mark Busby
T&D Operations Manager
$279,961
$154,676 No related comp$125,285
Thilo Janssen
Engineering Director
$257,533
$193,999 No related comp$63,534
Stephanie Pankratz
Chief Financial Officer
$255,248
$224,698 No related comp$30,550
Allen Marshall
Director of Broadband Operations
$234,621
$179,185 No related comp$55,436
Johnny Olibas
Information Technology Director
$232,629
$161,125 No related comp$71,504
John Hernandez
Line Foreman
$230,096
$163,762 No related comp$66,334
Michael Shults
Network Operations Manager
$207,992
$163,624 No related comp$44,368
Billy Simpson
Manager of Products and SERV
$200,901
$148,862 No related comp$52,039

Benchmark Employee Compensation

Non-Employee Board Members

Chris Blakemore
Director
$35,500
$35,500 No related compNo other comp
Annegreth Niemann
Director
$34,725
$34,725 No related compNo other comp
Jeremy Diller
Vice Chair
$34,000
$34,000 No related compNo other comp
Michael Edwards
Chair
$31,700
$31,700 No related compNo other comp
Kurt Solis
Secretary and Treasurer
$31,100
$31,100 No related compNo other comp
Robert Aguirre
Director
$31,000
$31,000 No related compNo other comp
Frances Laue
Director
$30,000
$30,000 No related compNo other comp
Jeffery Slocum
Director
$28,500
$28,500 No related compNo other comp
Richard Earnest
Director
$28,000
$28,000 No related compNo other comp

Contractors

Burns & Mcdonnell Engineering CO Inc.
Engineering
$8,094,377
Das Underground Utilities LLC
Underground Construction
$3,168,961
Pannell Contracting LLC
Right of Way Clearing
$1,849,377
James Power Line
Power Line Construction
$1,531,448
Hauer Brothers Ac & Heating LLC
Air Conditioner/Heating
$1,292,737

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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