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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 Hilco Electric Cooperative Inc.

Hilco Electric Cooperative Inc.

Fiscal year ending 2022. Filed on November 6, 2023.

115 E Main Street
Itasca, Texas 76055

Hilco Electric Cooperative Inc. (EIN: 74-0683625) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Hilco Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 96 total employees. Among the employees shown here, the average compensation is $247,549. The highest compensated employee at Hilco Electric Cooperative Inc. is Thomas Cheek with fiscal year 2022 compensation of $362,706.

Revenue, expenses, and employee compensation

Revenue

$102,294,188

Expenses

$102,209,738

Employee compensation

$7,351,631
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas Cheek
Chief Executive Officer and General Manager
$362,706
$193,973 No related comp$168,733
Paula Farquhar
Chief Financial Officer
$309,092
$196,306 No related comp$112,786
Travis Sanders
Operations Manager
$284,916
$146,843 No related comp$138,073
Lea Sanders
Chief Human Resources Officer
$247,216
$190,380 No related comp$56,836
Daniel Taylor
Chief Operating Officer
$245,840
$180,642 No related comp$65,198
Charles Henkelman
Construction Foreman
$208,384
$136,286 No related comp$72,098
Matthew Fehnel
Director of Is/It
$207,772
$132,114 No related comp$75,658
Clayton Thompson
LEAD Construction Foreman
$187,540
$121,158 No related comp$66,382
Matthew Montgomery
LEAD Construction Foreman
$174,471
$118,533 No related comp$55,938

Benchmark Employee Compensation

Non-Employee Board Members

Janet Smith
Secretary and Treasurer
$35,542
$35,542 No related compNo other comp
William Allen
Vice President
$34,498
$34,498 No related compNo other comp
Joseph Tedesco
President
$33,362
$33,362 No related compNo other comp
Ronald Roberts
Director
$33,147
$33,147 No related compNo other comp
Margaret Hill
Director
$28,275
$28,275 No related compNo other comp
George Thiess
Director (Resigned in DEC)
$20,228
$20,228 No related compNo other comp
Edward Harrison
Director (Jun-Dec)
$15,741
$15,741 No related compNo other comp

Contractors

Trinity Utilities & Boring
Underground Construction
$4,125,363
Texar Line Clearance
Right of Way Clearing
$1,323,066
Horton Tree Service
Right of Way Clearing
$821,656
Nisc
Software/Billing
$599,742
Amp Utility Company LLC
Overhead Construction
$523,482

Mission Statement

THE AIM OF THE COOPERATIVE IS TO PROVIDE ELECTRIC ENERGY AND OTHER GOODS AND SERVICES AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

Revisions to this organization profile

November 11, 2025:
2024 Hilco Electric Cooperative Inc. 990 filed
November 15, 2024:
2023 Hilco Electric Cooperative Inc. 990 filed
November 6, 2023:
2022 Hilco Electric Cooperative Inc. 990 filed

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