Nonprofit · EIN 74-0964933
VICTORIA ELECTRIC COOPERATIVE INC
Tax-exempt · VICTORIA, TX 77905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $72,490,199 | $72,643,603 | -$153,404 | $174,968,149 | $75,067,735 | $99,900,414 |
| December 31, 2023 | 990 | $75,894,546 | $76,227,230 | -$332,684 | $167,305,829 | $72,590,913 | $94,714,916 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $72,076,145
- Investment income
- $95,589
- Net gain from sales of assets
- $12,206
- Net income from sales of inventory
- $6,260
- Other revenue
- $318,465
Expenses
- Grants and similar amounts paid
- $2,550
- Benefits paid to members
- $6,131,632
- Compensation of officers, directors and key employees
- $915,167
- Other salaries and wages
- $4,396,612
- Salaries, compensation and benefits (total)
- $7,249,537
- Professional fundraising fees
- $0
- Depreciation
- $5,645,036
Balance sheet and other
- Total assets, start of year
- $167,305,829
- Total assets, end of year
- $174,968,149
- Total liabilities, end of year
- $75,067,735
- Net assets, end of year
- $99,900,414
- Land, buildings and equipment
- $106,187,994
- Gross unrelated business income
- $404,141
- Gross receipts
- $72,490,199
- Employees
- 98
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BLAINE WARZECHA | GENERAL MANAGER Officer | 55 | $272,712 | $93,310 |
| LADDY BROWN | OPERATIONS SUPERINDENDENT Highest-paid employee | 48 | $140,195 | $76,648 |
| DAVID NERADA | SERVICE LINE SUPERVISOR Highest-paid employee | 48 | $138,187 | $58,386 |
| JESSICA GRAY | CHIEF FINANCIAL OFFICER Officer | 52 | $157,875 | $35,818 |
| PATRICK URESTI | ENGINEERING MANAGER Key employee | 48 | $159,703 | $21,977 |
| RICHARD VARELA | CREW FOREMAN Highest-paid employee | 49 | $123,719 | $48,680 |
| JOHN RODARTE | CREW FOREMAN Highest-paid employee | 50 | $124,981 | $44,380 |
| ADAM ESTRADA | INFORMATION TECH MANAGER Highest-paid employee | 48 | $124,991 | $37,717 |
| BYRON HAUSMANN | VICE PRESIDENT Trustee or director, Officer | 4.4 | $26,095 | $0 |
| JAMES HAYES | DIRECTOR Trustee or director | 7.5 | $23,975 | $0 |
| TAMMIE BOYD | SECRETARY/TREASURER Trustee or director, Officer | 12.7 | $23,555 | $0 |
| RICHARD ADAMS | DIRECTOR Trustee or director | 2 | $23,275 | $0 |
| RAYMOND BRANDL JR | DIRECTOR Trustee or director | 3 | $22,685 | $0 |
| SAMUEL F RUSCHHAUPT III | PRESIDENT Trustee or director, Officer | 3.5 | $19,075 | $0 |
| JOHN BECK | ASSISTANT SECRETARY Trustee or director, Officer | 6 | $17,681 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL MARAGGIA | DIRECTOR Trustee or director | 1.6 | $17,431 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BLAINE WARZECHA | GENERAL MANAGER Officer | 55 | $251,567 | $83,392 |
| LADDY BROWN | OPERATIONS SUPERINDENDENT Highest-paid employee | 48 | $121,600 | $69,783 |
| DAVID NERADA | SERVICE LINE SUPERVISOR Highest-paid employee | 48 | $130,930 | $55,575 |
| JESSICA GRAY | CHIEF FINANCIAL OFFICER Officer | 54 | $147,758 | $33,880 |
| ESIQUIO YBARRA | SERVICE LINEMAN Highest-paid employee | 46 | $110,819 | $56,729 |
| RICHARD VARELA | CREW FOREMAN Highest-paid employee | 48 | $111,827 | $43,392 |
| ADAM ESTRADA | INFORMATION TECH MANAGER Highest-paid employee | 47 | $117,102 | $36,014 |
| BYRON HAUSMANN | VICE PRESIDENT Trustee or director, Officer | 5.4 | $26,856 | $0 |
| SAMUEL F RUSCHHAUPT III | PRESIDENT Trustee or director, Officer | 1.6 | $23,256 | $0 |
| JAMES HAYES | DIRECTOR Trustee or director | 2.5 | $22,836 | $0 |
| TODD ADAMS | DIRECTOR Trustee or director | 3 | $22,626 | $0 |
| TAMMIE BOYD | SECRETARY/TREASURER Trustee or director, Officer | 8 | $22,626 | $0 |
| RAYMOND BRANDL JR | DIRECTOR Trustee or director | 4 | $22,626 | $0 |
| JOHN BECK | ASSISTANT SECRETARY Trustee or director, Officer | 1.7 | $16,346 | $0 |
| MICHAEL MARAGGIA | DIRECTOR Trustee or director | 4.1 | $15,956 | $0 |
Address and contacts
- Address (IRS master file)
- 5502 US HIGHWAY 59 N, VICTORIA, TX 77905-5847
- Principal officer (990 for 2024)
- BLAINE WARZECHA, PO BOX 2178, VICTORIA, TX 77902
- Signed the 990
- BLAINE WARZECHA, GENERAL MANAGER
- Phone
- (361) 573-2428
- Website
- WWW.VICTORIAELECTRIC.COOP
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO EXCEED THE EXPECTATIONS OF THOSE WE SERVE BY DELIVERING ESSENTIAL SERVICES THAT ARE SAFE, RELIABLE AND AFFORDABLE WITH A COMMITMENT TO PRESERVING OUR LEGACY, DEDICATED TO EMPOWERING OUR MEMBERS, OUR TEAM AND OUR COMMUNITY, THE COOPERATIVE WAY.
Program accomplishments
- ELECTRIC DIVISION:PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 25,087 ACTIVE SERVICES AT YEAR END.
- INFINIUM DIVISION:PROVIDING BROADBAND INTERNET SERVICES THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. WHEN CUMULATIVE NET MARGINS DERIVED FROM MEMBER SALES OF BROADBAND INTERNET SERVICES EXCEED CUMULATIVE NET LOSSES FROM SUCH SALES, THE COOPERATIVE WILL ALLOCATE PATRONAGE CAPITAL TO THE MEMBERS. THERE WERE 2,727 SUBSCRIBERS OF THE INFINIUM DIVISION AT YEAR END.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-0964933
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $174,968,149
- Income (IRS master file)
- $72,490,199
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $72,490,199 | $72,643,603 | $174,968,149 | IRS |
| 990 | December 2023 | $75,894,546 | $76,227,230 | $167,305,829 | XML |
| 990 | December 2022 | $73,692,757 | $74,118,848 | $159,062,957 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-0964933).
Questions about VICTORIA ELECTRIC COOPERATIVE INC
- What is the EIN of VICTORIA ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of VICTORIA ELECTRIC COOPERATIVE INC is 74-0964933.
- Is VICTORIA ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to VICTORIA ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VICTORIA ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VICTORIA ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VICTORIA ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VICTORIA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names BLAINE WARZECHA.
- Who are the officers and directors of VICTORIA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $272,712 (BLAINE WARZECHA, GENERAL MANAGER).
- How much revenue does VICTORIA ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $72,490,199, expenses of $72,643,603 and total assets of $174,968,149 at year end.
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