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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 2022. Filed on November 14, 2023.

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 2022 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 466 total employees. Among the employees shown here, the average compensation is $451,091. The highest compensated employee at Denton County Electric Cooperative Inc. is Donald Clary with fiscal year 2022 compensation of $1,319,621. 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

$826,144,853

Expenses

$824,911,246

Employee compensation

$45,736,351
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Donald Clary
President and Chief Executive Officer
$1,319,621
$926,842 No related comp$392,779
Robby Hamlin
Senior Vice President - Engineering Services
$537,261
$327,964 No related comp$209,297
Denise Smithers
Senior Vice President - Customer Experience
$508,839
$351,839 No related comp$157,000
Jeffrey McNeal
Senior Vice President - Information Technology
$508,702
$339,704 No related comp$168,998
Greg Ward
Senior Vice President - Business DEV and Strategy
$500,390
$339,037 No related comp$161,353
Brent Bishop
Senior Vice President and Chief Financial Officer
$496,986
$344,895 No related comp$152,091
Philip Hassell
Vice President - Field Operations
$410,350
$278,087 No related comp$132,263
Gary Franzen
Vice President - Energy Resouces
$339,184
$246,327 No related comp$92,857
Dyan James
Vice President - Employee Relations
$336,622
$276,745 No related comp$59,877
Charles Turner
Finance Director
$291,258
$208,715 No related comp$82,543
Greg Rice
Director - IT Enterprise Application
$289,185
$189,707 No related comp$99,478
Jackie Grass
Accounting Director
$261,251
$189,897 No related comp$71,354

Benchmark Employee Compensation

Non-Employee Board Members

Mark Rutledge
Director
$49,400
$49,400 No related compNo other comp
Trisha Sheffield
Secretary and Treasurer
$45,900
$45,900 No related compNo other comp
Bill Ragsdale
Chair
$44,400
$44,400 No related compNo other comp
Christopher McCraw
Vice Chair
$43,400
$43,400 No related compNo other comp
Jarett Adair
Director
$40,900
$40,900 No related compNo other comp
Leon Pelzel
Director
$40,400
$40,400 No related compNo other comp
Richard Muir
Director
$39,900
$39,900 No related compNo other comp

Contractors

Texas State Utilities Inc.
Utility Line Contractor
$12,517,588
Primoris T&D Services LLC
Utility Line Contractor
$10,673,153
Mcdermott Will & Emery LLP
Legal
$7,055,347
Pci Utilities LLC
Utility Line Contractor
$6,377,475
Standard Utility Construction
Utility Line Contractor
$5,788,604

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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