Heart of Texas Electric Cooperative Inc
Mc Gregor, TX 76657 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $68,683,784 | $68,683,784 | $79,491,368 |
| FY2023 | $73,385,808 | $73,759,784 | $79,212,077 |
| FY2022 | $38,245,612 | $38,329,991 | $80,656,901 |
| FY2021 | $50,473,996 | $50,604,728 | $81,355,689 |
| FY2020 | $46,318,601 | $46,422,732 | $77,294,612 |
| FY2019 | $45,742,549 | $45,782,897 | $72,907,467 |
| FY2018 | $45,109,957 | $45,054,961 | $68,849,887 |
| FY2017 | $42,126,186 | $42,126,186 | $65,084,083 |
| FY2016 | $36,652,271 | $36,560,171 | $60,702,093 |
| FY2015 | $40,397,081 | $39,723,892 | $55,805,826 |
| FY2014 | $45,709,424 | $46,001,068 | $51,301,310 |
| FY2013 | $38,907,477 | $38,699,290 | $46,800,282 |
| FY2012 | $36,788,514 | $36,805,847 | $43,034,596 |
| FY2011 | $43,295,030 | $38,668,979 | $39,048,791 |
Form 990 filings
The returns filed by Heart of Texas Electric Cooperative Inc (EIN 20-5724955), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of listed sources |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $71,343,072 | 100% |
What the numbers show
- Program service revenue was the largest of the listed revenue sources in FY2024.
- Net assets covered about 13.9 months of expenses at the end of the reporting year. That puts it in the 30th percentile among 256 Mutual & Membership Benefit organizations in TX.
- Total revenue was higher than 96.6% of 265 Mutual & Membership Benefit organizations in TX.
- Total revenue rose from $43,295,030 in FY2011 to $68,683,784 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2012, FY2014, FY2019, FY2020, FY2021, FY2022, FY2023).
- The highest revenue on record here is $73,385,808 in FY2023.
- Net assets grew from $39,048,791 to $79,491,368 between FY2011 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO PROVIDE ELECTRICITY TO RURAL AREAS IN TEXAS ON A COOPERATIVE BASIS.
IRS status
| Ruling year | 2009 |
| Subsection | 501(c)(12) |
| Program area (NTEE) | Y22 — Mutual & Membership Benefit (in TX) |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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