BANDERA ELECTRIC COOPERATIVE INC
PO BOX 667, BANDERA, TX 78003 www.banderaelectric.com

Total Revenue
$80,569,947
Total Expenses
$80,356,378
Net Assets
$85,373,740

Organizations Filed Purposes: TO ENHANCE THE QUALITY OF LIFE BY PROVIDING HIGHLY RELIABLE ELECTRIC AND OTHER RELATED SERVICES, THAT ARE VALUED BY OUR MEMBERS, AT THE LOWEST POSSIBLE COST.

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

ELECTRIC DIVISION:PROVIDING ELECTRIC ENERGY TO OUR MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 37,131 ACTIVE SERVICES AT YEAR END.

FIBER DIVISION:A SEPARATE DIVISION OF THE COOPERATIVE WAS CREATED TO PROVIDE BROADBAND INTERNET SERVICES TO ITS MEMBERS THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. THE FIRST CONNECTIONS BEGAN RECEIVING SERVICE DURING 2017. FIBER OPTIC BROADBAND SERVICES OF THE BEC FIBER DIVISION ARE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT THAT CUMULATIVE NET MARGINS EXCEED CUMULATIVE NET LOSSES FOR SUCH DIVISION. THERE WERE 4,904 BROADBAND SUBSCRIBERS AT YEAR END.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
William HetheringtonCEO60$332,219
Lynn MidgetteCFO/COO50$291,000
John PadalinoGENERAL COUNSEL/CHIEF ADMIN OFFICER50$215,450
Shane SchmidtMANAGER OF BEC FIBER55$187,929
John RushMANAGER OF OPERATIONS50$149,834
Shawna FrerichCONTROLLER45$133,597
James WardMANAGER OF DISTRIBUTION DESIGN50$119,212
Billy SimpsonNETWORK OPERATIONS SUPERVISOR52$117,857
Allen MarshallOUTSIDE PLANT OPERATIONS SUPERVISOR45$117,857
Zeda AlvaradoDIRECTOR10.2$20,500
Michael EdwardsCHAIRMAN4.7$20,000
Jerry PierceDIRECTOR7.2$19,250
Richard EarnestDIRECTOR10$19,000
Kurt SolisSECRETARY/TREASURER6.7$19,000
Jeremy DillerDIRECTOR3.8$18,500
Jerry Word SrDIRECTOR3.2$18,000
Frances LaueDIRECTOR7.9$16,500
Douglas SandidgeVICE CHAIRMAN (JAN- SEP)2.4$10,400

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202002909349300715_public.xml