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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 2020. Filed on November 15, 2021.

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 2020 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 48 total employees. Among the employees shown here, the average compensation is $176,159. The highest compensated employee at Lighthouse Electric Cooperative Inc. is Albert Daniel with fiscal year 2020 compensation of $232,771.

Revenue, expenses, and employee compensation

Revenue

$32,581,998

Expenses

$32,581,998

Employee compensation

$3,501,668
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Albert Daniel
General Manager
$232,771
$151,351 No related comp$81,420
Richard Cloyd
Distribution LINE Superintendent
$185,216
$120,364 No related comp$64,852
Larry Smith
Working Superintendent
$164,979
$110,584 No related comp$54,395
Larry Ogden
Member Services Director
$162,876
$118,306 No related comp$44,570
Brent Sanders
Serviceman
$157,446
$117,825 No related comp$39,621
Tate Glasscock
Working Superintendent
$153,664
$114,432 No related comp$39,232

Benchmark Employee Compensation

Non-Employee Board Members

John Dunlap
Vice President
$20,710
$20,710 No related compNo other comp
Mark Appling
President
$20,710
$20,710 No related compNo other comp
Paul Schacht
Director
$20,710
$20,710 No related compNo other comp
Wd Thornberry
Secretary and Treasurer
$20,710
$20,710 No related compNo other comp
Wesley Campbell
Director
$20,710
$20,710 No related compNo other comp
Ronald Mullin
Director
$20,710
$20,710 No related compNo other comp
Dean Yarbrough
Director
$20,710
$20,710 No related compNo other comp
Mark Hegi
Director
$20,640
$20,640 No related compNo other comp
Robert Nixon
Director
$20,290
$20,290 No related compNo other comp

Contractors

Arrowhead Line LLC
Electric Construction
$534,135
Bird Electric Enterprises LLC
Electric Construction
$333,478
HI Range Electric Inc.
Electric Construction
$209,657
Blackout Power LLC
Electric Construction
$192,165
Redrock Mesa Construction
Electric Construction
$104,550

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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