Program areas at Bandera Electric Cooperative
Electric division:providing Electric energy to our members at cost on a Cooperative basis through the allocation of patronage capital. There were 41,188 active services at year end.
Energy services division:providing solar energy and energy management solutions to members on a patronage basis through the allocation of patronage capital when cumulative net margins from these services exceeds cumulative losses. There were 640 subscribers at year end.
Fiber division:providing fiber optic broadband internet services to members on a patronage basis through the allocation of patronage capital. There were 13,320 broadband subscribers at year end.
Personnel at Bandera Electric Cooperative
| Name | Title | Compensation | Date of data |
|---|
| William Hetherington | Chief Executive Officer and General Manager | $723,849 | 2023-12-31 |
| Stephanie Pankratz | Chief Financial Officer | | 2025-03-28 |
| John Padalino | General Counsel and Administration Officer / General Counsel and Chief Administration Officer | $330,890 | 2023-12-31 |
| Shane Schmidt | Vice President of Bec Fiber / Manager of Bec Fiber / Manager of Fiber Operation | $326,043 | 2023-12-31 |
| Johnny Olibas | Director of Information Technology | $217,237 | 2023-12-31 |
| ...and 8 more key personnel |
Financials for Bandera Electric Cooperative
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $109,710,104 | $100,946,016 | 8.7% |
| Investment income and dividends | $126,293 | $3,991 | 3064.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $24,000 | $1,000 | 2300% |
| Net gain from sale of non-inventory assets | $-23,318 | $26,400 | -188.3% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $151,263 | $82,342 | 83.7% |
| Miscellaneous revenues | $440,383 | $304,805 | 44.5% |
| Total revenues | $110,428,725 | $101,364,554 | 8.9% |
Organizations like Bandera Electric Cooperative
| Organization | Type | Location | Revenue |
|---|
| Presque Isle Electric & Gas Co-op | 501(c)(12) | Onaway, MI | $60,694,805 |
| Blue Ridge Electric Membership Corporation | 501(c)(12) | Lenoir, NC | $161,962,785 |
| South Central Indiana Rural Electric Membership Corporation | 501(c)(12) | Martinsville, IN | $108,161,597 |
| Federated Rural Electric | 501(c)(12) | Jackson, MN | $43,636,170 |
| La Plata Electric Association | 501(c)(12) | Durango, CO | $114,201,372 |
| Navopache Electric Cooperative Incorporated | 501(c)(12) | Lakeside, AZ | $63,579,633 |
| Southwest Tennessee Electric Membership Corporation | 501(c)(12) | Brownsville, TN | $132,788,370 |
| Choptank Electric Cooperative | 501(c)(12) | Denton, MD | $183,421,421 |
| Kit Carson Electric Cooperative | 501(c)(12) | Taos, NM | $59,264,641 |
| Powder River Energy Corporation | 501(c)(12) | Sundance, WY | $189,443,702 |
Data update history
February 14, 2025
Posted financials
Added Form 990 for fiscal year 2023
February 13, 2025
Updated personnel
Identified 3 new personnel
January 15, 2025
Used new vendors
Identified 2 new vendors, including , and
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 5 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
- Address
- PO Box 667
- Bandera, TX 78003
- Metro area
- San Antonio-New Braunfels, TX
- County
- Bandera County, TX
- Website URL
- banderaelectric.com/en-us/Â
- Phone
- (866) 226-3372
IRS details
- EIN
- 74-0498072
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1938
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W80: Public Utilities
- NAICS code, primary
- 2211: Electric Power Generation, Transmission, and Distribution Establishments
- Parent/child status
- Central organization
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