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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 2023. Filed on November 15, 2024.

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 2023 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 517 total employees. Among the employees shown here, the average compensation is $465,959. The highest compensated employee at Denton County Electric Cooperative Inc. is Donald Clary with fiscal year 2023 compensation of $1,671,939. 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

$780,794,954

Expenses

$778,995,977

Employee compensation

$40,945,216
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Donald Clary
President and Chief Executive Officer
$1,671,939
$1,359,899 No related comp$312,040
Philip Hassell
Senior Vice President - Field Operations
$503,039
$315,256 No related comp$187,783
Denise Smithers
Senior Vice President - Customer Care/Engagement
$494,504
$365,317 No related comp$129,187
Brent Bishop
Senior Vice President and Chief Financial Officer
$487,514
$371,558 No related comp$115,956
Jeffrey McNeal
Senior Vice President - Information Technology
$461,349
$350,210 No related comp$111,139
Greg Ward
Senior Vice President - Energy Infrastructure
$460,300
$348,768 No related comp$111,532
Gary Franzen
Senior Vice President - Energy Resources
$433,278
$323,602 No related comp$109,676
Dyan James
Senior Vice President - Corporate Services
$372,644
$312,590 No related comp$60,054
Charles Turner
Finance Director
$313,042
$239,534 No related comp$73,508
Greg Rice
Director - IT Enterprise Application
$285,219
$197,447 No related comp$87,772
Robby Hamlin
Senior Vice President - Engineering SVCS (Jan)
$272,750
$214,361 No related comp$58,389
Jackie Grass
Accounting Director
$263,290
$205,356 No related comp$57,934

Benchmark Employee Compensation

Non-Employee Board Members

Trisha Sheffield
Chair
$47,900
$47,900 No related compNo other comp
Christopher McCraw
Director
$46,400
$46,400 No related compNo other comp
William Ragsdale
Director
$45,400
$45,400 No related compNo other comp
Jarett Adair
Secretary and Treasurer
$42,400
$42,400 No related compNo other comp
Leon Pelzel
Vice Chair
$41,400
$41,400 No related compNo other comp
Richard Muir
Director
$40,400
$40,400 No related compNo other comp
Mark Rutledge
Director (Jan-June)
$26,200
$26,200 No related compNo other comp
William Kollar
Director (July-Dec)
$24,200
$24,200 No related compNo other comp

Contractors

Primoris T&D Services LLC
Utility Line Contractor
$16,922,024
Pci Utilities LLC
Utility Line Contractor
$9,981,327
Texas State Utilities Inc.
Utility Line Contractor
$8,002,934
Standard Utility Construction
Utility Line Contractor
$7,503,313
National Information Solutions Cooperative
Software and Billing
$4,362,759

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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