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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 2023. Filed on November 8, 2024.

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 2023 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 $174,087. The highest compensated employee at Lighthouse Electric Cooperative Inc. is Albert Daniel with fiscal year 2023 compensation of $230,671.

Revenue, expenses, and employee compensation

Revenue

$42,509,701

Expenses

$42,509,701

Employee compensation

$4,323,909
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Albert Daniel
Executive Vp/General Manager
$230,671
$172,950 No related comp$57,721
Danny Nixon
Operations Manager
$199,658
$123,884 No related comp$75,774
Chad Buie
Engineering Director
$164,941
$122,637 No related comp$42,304
Fidel Valdes
Serviceman
$150,879
$116,682 No related comp$34,197
Grant Cage
Serviceman
$150,821
$115,386 No related comp$35,435
Hector Rodriguez
Construction Foreman
$147,552
$123,409 No related comp$24,143

Benchmark Employee Compensation

Non-Employee Board Members

Paul Schacht
Director
$21,980
$21,980 No related compNo other comp
Mark Hegi
President
$21,980
$21,980 No related compNo other comp
Wd Thornberry
Secretary and Treasurer
$21,980
$21,980 No related compNo other comp
Wesley Campbell
Director
$21,980
$21,980 No related compNo other comp
Ron Graves
Vice President (Jan-Apr)
$21,910
$21,910 No related compNo other comp
Dean Yarbrough
Director
$21,910
$21,910 No related compNo other comp
Ronald Mullin
Director
$21,840
$21,840 No related compNo other comp
Matthew Rainwater
Director (May-Dec)
$14,490
$14,490 No related compNo other comp
Brian Teeple
Director (May-Dec)
$14,490
$14,490 No related compNo other comp
Mark Appling
President (Jan-Apr)
$8,190
$8,190 No related compNo other comp
John Dunlap
Vice President (Jan-Apr)
$7,350
$7,350 No related compNo other comp

Contractors

HI Range Electric Inc.
Electric Contractor
$849,685
Re-Con Company
Electric Contractor
$323,722
Sgs Engineering
Engineering
$105,830

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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