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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 Lighthouse Electric Cooperative Inc.

Lighthouse Electric Cooperative Inc.

Fiscal year ending 2024. Filed on December 2, 2025.

PO Box 600
Floydada, Texas 79235

Lighthouse Electric Cooperative Inc. (EIN: 75-0273171) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Lighthouse Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 6 out of 50 total employees. Among the employees shown here, the average compensation is $194,733. The highest compensated employee at Lighthouse Electric Cooperative Inc. is Albert Daniel with fiscal year 2024 compensation of $251,850.

Revenue, expenses, and employee compensation

Revenue

$39,419,336

Expenses

$39,419,336

Employee compensation

$4,680,632
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Albert Daniel
General Manager/Executive Vice President
$251,850
$185,307 No related comp$66,543
Danny Nixon
Line Superintendent
$219,366
$130,836 No related comp$88,530
Larry Smith
Working Foreman
$194,143
$124,423 No related comp$69,720
Chad Buie
Engineering Director
$174,118
$126,945 No related comp$47,173
Tracy Smith
Warehouse Foreman
$168,747
$118,671 No related comp$50,076
Hector Rodriguez
Construction Foreman
$160,173
$134,998 No related comp$25,175

Benchmark Employee Compensation

Non-Employee Board Members

Wd Thornberry
Secretary and Treasurer
$21,840
$21,840 No related compNo other comp
Mark Hegi
President
$21,840
$21,840 No related compNo other comp
Brian Teeple
Director
$21,840
$21,840 No related compNo other comp
Matthew Rainwater
Director
$21,770
$21,770 No related compNo other comp
Ron Graves
Vice President
$21,770
$21,770 No related compNo other comp
Wesley Campbell
Director
$21,770
$21,770 No related compNo other comp
Ronald Mullin
Director
$21,770
$21,770 No related compNo other comp
Cliff Tippett
Director (May-Dec)
$14,490
$14,490 No related compNo other comp
Chase Young
Director (May-Dec)
$14,490
$14,490 No related compNo other comp
Paul Schact
Director (Jan-April)
$7,450
$7,450 No related compNo other comp
Dean Yarbrough
Director (Jan-April)
$7,203
$7,203 No related compNo other comp

Contractors

HI Range Electric Inc.
Electric Contractor
$404,130
Brandon & Clark Inc.
Reclosures Repairs
$163,119
Sgs Engineering
Engineering
$117,359
Pole Tech Services LLC
Electric Inspection Contractor
$108,538

Mission Statement

EMPOWERING OUR MEMBERS BY PROVIDING THE SAFEST, MOST RELIABLE, AND AFFORDABLE ENERGY SOLUTIONS THAT SAFE PRACTICES AND INFORMED PLANNING ALLOWS.

Revisions to this organization profile

December 2, 2025:
Amended (originally filed November 17, 2025)2024 Lighthouse Electric Cooperative Inc. 990 filed
November 8, 2024:
2023 Lighthouse Electric Cooperative Inc. 990 filed
November 14, 2023:
2022 Lighthouse Electric Cooperative Inc. 990 filed

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