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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 Grayson-Collin Electric Cooperative Inc.

Grayson-Collin Electric Cooperative Inc.

Fiscal year ending 2023. Filed on November 16, 2024.

PO Box 548
Van Alstyne, Texas 75495

Grayson-Collin Electric Cooperative Inc. (EIN: 75-0300645) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Grayson-Collin Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 15 out of 147 total employees. Among the employees shown here, the average compensation is $283,080. The highest compensated employee at Grayson-Collin Electric Cooperative Inc. is David McGinnis with fiscal year 2023 compensation of $594,205.

Revenue, expenses, and employee compensation

Revenue

$199,747,533

Expenses

$196,774,554

Employee compensation

$12,772,351
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David McGinnis
Chief Executive Officer and General Manager
$594,205
$534,884 No related comp$59,321
Kevin Stevens
Chief Operating Officer
$342,446
$288,367 No related comp$54,079
Mike Rolandt
Chief Financial Officer
$308,085
$243,097 No related comp$64,988
Tracy Begley
Manager of Inside Operations
$305,593
$241,784 No related comp$63,809
Chris Offill
Ceo/Cfo Communications
$293,290
$241,208 No related comp$52,082
Paul Yates
Manager of Underground Operations
$275,775
$226,484 No related comp$49,291
Leslie Simco
Operations Manager
$252,112
$192,398 No related comp$59,714
Jeff Smith
Manager of Information Technology
$251,247
$202,614 No related comp$48,633
Jason Sprowl
Manager of Operations - LOSS Control
$247,993
$188,601 No related comp$59,392
William McGinnis
Manager of BUS Development
$239,670
$184,611 No related comp$55,059
Michael Lauer
Manager of BUS Development
$237,393
$190,327 No related comp$47,066
Marc Karo
Foreman
$233,549
$178,769 No related comp$54,780

Benchmark Employee Compensation

Non-Employee Board Members

Jim Copeland
Secretary and Treasurer
$43,004
$43,004 No related compNo other comp
David Ellis
Director
$42,804
$42,804 No related compNo other comp
Dennis Ferguson
Director
$17,832
$17,832 No related compNo other comp
Steve Robinson
President
$17,732
$17,732 No related compNo other comp
Paul Kirkland
Vice President
$14,167
$14,167 No related compNo other comp

Contractors

Vaquero Underground Services LLC
Underground Construction
$17,635,417
Techline Construction LLC
Overhead Construction
$5,400,798
Northstar Energy Solutions LLC
Substation Construction
$5,284,897
Apex Line Clearance LLC
Tree Trimming
$3,987,380
Linetec Services LLC
Overhead Construction
$1,688,292

Mission Statement

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

Revisions to this organization profile

November 17, 2025:
2024 Grayson-Collin Electric Cooperative Inc. 990 filed
November 16, 2024:
2023 Grayson-Collin Electric Cooperative Inc. 990 filed
November 6, 2023:
2022 Grayson-Collin Electric Cooperative Inc. 990 filed

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