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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 Denton County Electric Cooperative Inc.

Denton County Electric Cooperative Inc.

Fiscal year ending 2021. Filed on November 15, 2022.

7701 South Stemmons Freeway
Corinth, Texas 76210

Denton County Electric Cooperative Inc. (EIN: 75-0233075), also known as Coserv Electric, has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Denton County Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 14 out of 451 total employees. Among the employees shown here, the average compensation is $410,764. The highest compensated employee at Denton County Electric Cooperative Inc. is Donald Clary with fiscal year 2021 compensation of $1,229,206. Denton County Electric Cooperative Inc. changed its name from Denton County Electric Cooperative Inc. Dba Coserv Electric in 2018.

Revenue, expenses, and employee compensation

Revenue

$639,082,515

Expenses

$638,515,773

Employee compensation

$43,722,066
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Donald Clary
President and Chief Executive Officer
$1,229,206
$867,405 No related comp$361,801
Robby Hamlin
Senior Vice President Engineering Services
$524,567
$319,789 No related comp$204,778
Greg Ward
Senior Vice President Business DEV and Strategy
$496,007
$320,069 No related comp$175,938
Denise Smithers
Senior Vice President Customer Experience
$477,137
$332,418 No related comp$144,719
Jeffrey McNeal
Senior Vice President Information Technology
$476,709
$322,136 No related comp$154,573
Brent Bishop
Senior Vice President and Chief Financial Officer
$458,811
$325,308 No related comp$133,503
Bruce Boutilier
SR Director of Government Affairs
$334,179
$213,785 No related comp$120,394
Philip Hassel
Vice President - Field Operations
$312,165
$183,721 No related comp$128,444
Wayne Francis
Director of IT Infra. and Security
$307,241
$196,598 No related comp$110,643
Gary Franzen
Director of Energy Service
$291,136
$208,352 No related comp$82,784
Charles Turner
Finance Director
$287,108
$204,569 No related comp$82,539
Vicki Sargent
Community Engagement Director
$255,316
$194,537 No related comp$60,779

Benchmark Employee Compensation

Non-Employee Board Members

Bill Ragsdale
Chair
$46,400
$46,400 No related compNo other comp
Christopher McCraw
Vice Chair
$44,400
$44,400 No related compNo other comp
Trisha Sheffield
Secretary and Treasurer
$42,400
$42,400 No related compNo other comp
Richard Muir
Director
$41,400
$41,400 No related compNo other comp
Leon Pelzel
Director
$39,900
$39,900 No related compNo other comp
Curtis Tally
Director (Jan-Nov)
$37,450
$37,450 No related compNo other comp
Jarett Adair
Director (Dec)
$3,450
$3,450 No related compNo other comp

Contractors

Texas State Utilities Inc.
Utility Line Contractor
$11,252,032
Primoris T&D Services LLC
Utility Line Contractor
$9,732,501
Pci Utilities LLC
Utility Line Contractor
$4,881,254
Mcdermott Will & Emery LLP
Legal
$3,680,357
National Information Solutions
Printing/Computer Software
$3,050,138

Mission Statement

TO DELIVER EXCELLENT SERVICE TO OUR MEMBERS AND CUSTOMERS BY PROVIDING SAFE AND RELIABLE ENERGY SOLUTIONS.

Revisions to this organization profile

November 17, 2025:
2024 Denton County Electric Cooperative Inc. 990 filed
November 15, 2024:
2023 Denton County Electric Cooperative Inc. 990 filed
November 14, 2023:
2022 Denton County Electric Cooperative Inc. 990 filed

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