Golden Spread Electric Cooperative Inc logo

Golden Spread Electric Cooperative Inc

AMARILLO, TX EIN: 75-1941060 Website

TO DELIVER COST EFFECTIVE, COMPETITIVE AND RELIABLE POWER TO PROVIDE A SECURE ENERGY FUTURE FOR GENERATIONS TO COME BY CREATING OPPORTUNITIES, CULTIVATING COOPERATION AND NAVIGATING INDUSTRY RISK.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.4B

Annual Giving

$76K

Grant Count

4

Avg Grant Size

$19K

About Golden Spread Electric Cooperative Inc

Based on IRS filings

Golden Spread Electric Cooperative Inc is a nonprofit organization, based in AMARILLO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4B in total assets. In 2024, it awarded 4 grants totaling $76K. Net investment income was $14.1M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Cities

AmarilloCambridgeCanyonNursery

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$212M$425M$637M$850M2020202120222024
Metric202420222021
Total Assets$1,366,174,653$1,273,810,870$1,251,228,427
Revenue$545,165,927$772,338,275$703,244,105
Expenses$545,165,927$760,503,573$720,095,326
Qualifying Distributions
Net Investment Income$14,147,137$4,970,033$2,565,923
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$49K$98K$147K$196K2 grants20203 grants20214 grants20224 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

MASSACHUSETTS INSTITUTE …$40KSOUTH TEXAS ELECTRIC COO…$25KOPPORTUNITY PLAN INC$6KAMARILLO AREA FOUNDATION$5K

Grant Size Distribution

13 grants across all recorded years

11<$50K$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Massachusetts Institute of Technology ($40,000), South Texas Electric Coop Inc ($25,000), Opportunity Plan Inc ($6,000).

RecipientPurposeAmount
OPPORTUNITY PLAN INC CANYON, TXSCHOLARSHIPS$6,000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MARESEARCH SCHOLARSHIPS$40,000
AMARILLO AREA FOUNDATION AMARILLO, TXTO ASSIST IN FUNDING CHARITABLE ORGANIZATIONS AND PROGRAMS SUPPORTED BY THE FOUNDATION$5,350
SOUTH TEXAS ELECTRIC COOP INC NURSERY, TX2024 DONATION$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

KARI HOLLANDSWORTHPRESIDENT & CHIEF EXECUTIVE …$906KJAMES GUYGEN COUNSEL & CHIEF LEGAL/CO…$399KJOHN EICHELMANNVP - MEMBER SVCS & POWER DEL…$392KROBERT M LOWECHIEF FINANCIAL OFFICER & AS…$391KMATTHEW MOOREVP - COMMERICAL & ASSETS OPE…$355KMICHAEL WISESENIOR VP - REG/MKT STRATEGY$352KROBERT MCMINNDIRECTOR - POWER DELIVERY$258KBRET YEARYDIRECTOR - POWER SUPPLY$253KDAVID MARSHSENIOR PRODUCTION ASSET MANA…$230KCLIFTON USLETONEXECUTIVE IT DIRECTOR$229KSHAD MCDANIELDIRECTOR$52KDALE ANCELLDIRECTOR$50KALBERT DANIELDIRECTOR$49KGRACE SUBEALDEADIRECTOR$45KDAVID SELLDIRECTOR$43KDAVID MARRICLEDIRECTOR$43KANDREW KEITH HICKSDIRECTOR$43KRANDY WHITEDIRECTOR$42KDAVID MCCLAINSECRETARY/TREASURER$42KZAC PERKINSDIRECTOR$40KKELLY LANKFORDCHAIRMAN$39KDANNY HELMSDIRECTOR$38KSHAWN MARTINEZDIRECTOR$37KDAVID TIPTONDIRECTOR$37KBEN FRANKLINDIRECTOR$37KVICK CHRISTIANDIRECTOR$36KWILLIAM WHITTENDIRECTOR$35KRYAN BARTLETTDIRECTOR$35KJEFF COPELANDDIRECTOR$34KGREG HENLEYVICE CHAIRMAN$34KTIMOTHY J BURKHALTERDIRECTOR$33KCECIL DAVISDIRECTOR$33KMARK HEGIDIRECTOR$32KPAT JACKSONDIRECTOR$31KBRENT LEE MCMILLIANDIRECTOR$30KRICHARD BLAKE MOOREDIRECTOR$30KBENNY DEAN NIXONDIRECTOR$27KKEVIN HUMPHREYSDIRECTOR$27KSYNDA SMITHDIRECTOR$26KRANDY MAHANNAHDIRECTOR$25KMICHAEL SOUDERDIRECTOR$25KDWAIN STRANGEDIRECTOR$24K

From 2024 filing

NameTitleHoursCompensation
ALBERT DANIELDIRECTOR4.9$49,098
ANDREW KEITH HICKSDIRECTOR4$42,718
BEN FRANKLINDIRECTOR4.2$36,609
BENNY DEAN NIXONDIRECTOR3.8$27,099
BRENT LEE MCMILLIANDIRECTOR4.7$29,786
CECIL DAVISDIRECTOR4.1$32,645
DALE ANCELLDIRECTOR7.2$49,729
DANNY HELMSDIRECTOR4.5$38,402
DAVID SELLDIRECTOR7.4$43,465
DAVID TIPTONDIRECTOR5$36,983
DAVID MCCLAINSECRETARY/TREASURER7.6$41,705
DAVID MARRICLEDIRECTOR6.2$43,012
DWAIN STRANGEDIRECTOR3.9$24,260
GRACE SUBEALDEADIRECTOR7.5$45,031
GREG HENLEYVICE CHAIRMAN3.8$33,960
JEFF COPELANDDIRECTOR4.6$34,222
KELLY LANKFORDCHAIRMAN7.1$39,117
KEVIN HUMPHREYSDIRECTOR4.1$27,068
MARK HEGIDIRECTOR4.5$31,526
MICHAEL SOUDERDIRECTOR3.4$24,936
PAT JACKSONDIRECTOR3.9$30,679
RANDY WHITEDIRECTOR4.6$42,367
RANDY MAHANNAHDIRECTOR3.7$25,205
RICHARD BLAKE MOOREDIRECTOR4$29,556
RYAN BARTLETTDIRECTOR6.2$34,918
SHAD MCDANIELDIRECTOR7.8$52,435
SHAWN MARTINEZDIRECTOR10.4$37,096
SYNDA SMITHDIRECTOR6.1$26,382
TIMOTHY J BURKHALTERDIRECTOR5.9$33,378
VICK CHRISTIANDIRECTOR5.9$35,723
WILLIAM WHITTENDIRECTOR4.1$35,156
ZAC PERKINSDIRECTOR7.3$39,549
KARI HOLLANDSWORTHPRESIDENT & CHIEF EXECUTIVE OFFICER45$906,358
ROBERT M LOWECHIEF FINANCIAL OFFICER & ASST TREASURER40$391,258
JAMES GUYGEN COUNSEL & CHIEF LEGAL/COMPLIANCE OFFICER50$399,068
JOHN EICHELMANNVP - MEMBER SVCS & POWER DELIVERY45$392,340
MATTHEW MOOREVP - COMMERICAL & ASSETS OPERATIONS40$355,242
MICHAEL WISESENIOR VP - REG/MKT STRATEGY45$352,418
DAVID MARSHSENIOR PRODUCTION ASSET MANAGER38$230,467
ROBERT MCMINNDIRECTOR - POWER DELIVERY40$257,878
CLIFTON USLETONEXECUTIVE IT DIRECTOR48$228,579
BRET YEARYDIRECTOR - POWER SUPPLY42$252,828

Frequently Asked Questions

How large is Golden Spread Electric Cooperative Inc?

As of 2024, Golden Spread Electric Cooperative Inc holds $1.4B in total assets with $545.2M in annual revenue. It awarded 4 grants totaling $76K in 2024.

Where does Golden Spread Electric Cooperative Inc operate?

Golden Spread Electric Cooperative Inc has awarded grants in Massachusetts, Texas.

What size grants does Golden Spread Electric Cooperative Inc award?

In 2024, Golden Spread Electric Cooperative Inc awarded 4 grants totaling $76K — an average of about $19K per grant, based on its IRS Form 990 filings.

What is Golden Spread Electric Cooperative Inc's EIN?

Golden Spread Electric Cooperative Inc's EIN (Employer Identification Number) is 75-1941060. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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