Withlacoochee River Electric Cooperative Inc logo

Withlacoochee River Electric Cooperative Inc

Public charity · Grantmaker Dade City, FL EIN: 59-0545223 Website

The goal of the cooperative is to provide each of its members the best possible service at the lowest cost.

Key facts about Withlacoochee River Electric Cooperative Inc

In short: Withlacoochee River Electric Cooperative Inc gave $164K across 7 grants in 2025 (avg $23K), mostly in Florida. Source: 2025 IRS Form 990.

EIN
59-0545223
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$164,408
Grants made (2025)
7
Average grant
$23,487
Median grant
$15,000
Total assets
$1,502,854,443
Primary geography
Florida (64% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$1.5B

+0.1% YoY

Annual Giving

$164K

+43.3% YoY

Grant Count

7

-30.0% YoY

Avg Grant Size

$23K

+104.7% YoY

How Withlacoochee River Electric Cooperative Inc gives

  • Giving grew 141% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Withlacoochee River Electric Cooperative Inc

Based on IRS filings

Withlacoochee River Electric Cooperative Inc is a public charity, based in Dade City, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.5B in total assets. In 2025, it awarded 7 grants totaling $164K. Net investment income was $7.0M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 7 itemized grants.

Cities

LutzNew Port RicheyBaltimoreDade CityLouisvilleSan AntonioTampaBrooksvilleFort DefianceHudsonInvernessLand OlakesLeesburgTallahassee

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K2 grants2019 5 grants2020 2 grants2021 4 grants2022 1 grant2023 10 grants2024 7 grants2025

From 2019 to 2025, annual grant giving ranged from $25K (2023) to $164K (2025). In 2025 it made 7 grants totaling $164K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2025

Navajo Nation: $47KNavajo Nation$47KErnie Wever Youth Park: $45KErnie Wever Youth Park$45KPasco County Economic Development Council: $25KPasco County EconomicDevelopment Council$25KVan Gogh's Palette Inc: $15KVan Gogh's Palette Inc$15KWoody Williams Foundation Inc: $13KWoody Williams Foundation Inc$13KFeeding Pasco's Elderly Inc: $10KFeeding Pasco's Elderly Inc$10KH Lee Moffitt Cancer Center and Research Institute Hospital Inc: $10KH Lee Moffitt Cancer Centerand Research Institute…$10K

The largest 2025 recipient was Navajo Nation ($47K). Together the top 7 received $164K.

Grant Size Distribution

24 grants across all recorded years

24<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 24 grants of 24 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Navajo Nation Fort Defiance, AZGeneral Support$47,369
Ernie Wever Youth Park Brooksville, FLGeneral Support$44,539
Pasco County Economic Development Council Lutz, FLGeneral Support$25,000
Van Gogh's Palette Inc Hudson, FLGeneral Support$15,000
Woody Williams Foundation Inc Louisville, KYGeneral Support$12,500
Feeding Pasco's Elderly Inc San Antonio, FLGeneral Support$10,000
H Lee Moffitt Cancer Center and Research Institute Hospital Inc Tampa, FLGeneral Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$200M$400M$600M$800M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,502,854,443$1,501,239,477$1,340,349,704
Revenue$674,641,546$601,244,559$574,812,838
Expenses$626,516,928$575,986,025$536,323,840
Net Investment Income$6,953,395$13,400,028$14,463,109

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2021 (received by the IRS May 4, 2022)
  2. Updated Form 990 for fiscal year 2023 (received by the IRS May 15, 2024)
  3. Updated Form 990 for fiscal year 2020 (received by the IRS May 12, 2021)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS May 12, 2025)
  6. Updated Form 990 for fiscal year 2025 (received by the IRS June 1, 2026)
  7. Updated Form 990 for fiscal year 2019 (received by the IRS June 23, 2020)

Leadership & Key People

Officers and directors from IRS filings

Withlacoochee River Electric Cooperative Inc is led by Terrence Schrader, President on every filing since 2019; all 17 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Terrence Schrader

    President

    On filings since 2019

    15 hrs/week

    $39K (2019) → $49K (2025)

  • David Hunnicutt

    Trustee

    On filings since 2019

    15 hrs/week

    $14K (2019) → $22K (2025)

  • Desmond G. Little

    Trustee

    On filings since 2019

    10 hrs/week

    $28K (2019) → $30K (2025)

  • Joseph Marina

    Trustee

    District Man → District Manager, 2024

    District Manager → Trustee, 2025

    On filings since 2019

    10 hrs/week

    $183K (2019) → $4K (2025)

  • Kimberly Kinney

    Trustee

    On filings since 2019

    10 hrs/week

    $24K (2019) → $34K (2025)

  • Patricia P. Bechtelheimer

    Trustee

    On filings since 2019

    10 hrs/week

    $24K (2019) → $34K (2025)

  • Paul Little

    Trustee

    On filings since 2019

    10 hrs/week

    $23K (2019) → $44K (2025)

  • Robert Barthle

    Trustee

    On filings since 2021

    10 hrs/week

    $5K (2021) → $40K (2025)

  • Alan Hengesbach

    Sec'y & Treasurer

    On filings since 2019

    15 hrs/week

    $39K (2019) → $54K (2025)

  • David B. Lambert II

    General Manager

    Manager → Executive Vice President & G Mg, 2023

    Executive Vice President & G Mg → General Manager, 2024

    On filings since 2019

    70 hrs/week

    $208K (2019) → $766K (2025)

  • Marlin Sexton Jr.

    Manager Transmission Planner

    District Man → District Manager, 2024

    District Manager → Manager Transmission Planner, 2025

    On filings since 2019

    55 hrs/week

    $187K (2019) → $271K (2025)

  • Robert W. Strickland

    Vice President

    On filings since 2019

    15 hrs/week

    $17K (2019) → $25K (2025)

  • Ronnie Deese

    Manager

    On filings since 2019

    50 hrs/week

    $258K (2019) → $285K (2025)

  • Gary F. Steele Jr.

    Manager-Member Relat

    Manager-Memb → Manager-Member Relat, 2024

    On filings since 2023

    60 hrs/week

    $221K (2023) → $329K (2025)

  • Kristina S. Walzak

    Manager Hr & Job Training

    Manager Hr, Job Training & Safety → Manager Hr & Job Training, 2025

    On filings since 2024

    55 hrs/week

    $277K (2024) → $294K (2025)

  • Ralph J. Burdin Jr.

    Manager Energy & System Reliability

    New on the 2025 filing

    55 hrs/week

    $262K (2025)

  • Ricky E. Gude

    District Manager

    New on the 2025 filing

    55 hrs/week

    $278K (2025)

Former officers (5)
  • Former: David Gonzalez (2019–2024) — District Manager
  • Former: Billy Brown (2019–2023) — Executive Vice President
  • Former: Richard Gude (2020–2023) — District Man
  • Former: William Prim (2019–2022) — Senior Engineer
  • Former: Robert Huss (2019–2021) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

David B Lambert II — General Manager: $766KDavid B Lambert IIGeneral Manager$766KGary F Steele Jr — Manager-Member Relat: $329KGary F Steele JrManager-Member Relat$329KKristina S Walzak — MGR HR & Job Training & Sa: $294KKristina S WalzakMGR HR & Job Training & Sa$294KRonnie Deese — Manager Thru 1/2025: $285KRonnie DeeseManager Thru 1/2025$285KRicky E Gude — District Manager: $278KRicky E GudeDistrict Manager$278KMarlin Sexton Jr — Manager Transmission Planner: $271KMarlin Sexton JrManager Transmission Planner$271KRalph J Burdin Jr — Manager Energy & System Reliability: $262KRalph J Burdin JrManager Energy & System…$262KAlan Hengesbach — Sec'y/Treasurer: $54KAlan HengesbachSec'y/Treasurer$54KTerrence Schrader — President: $49KTerrence SchraderPresident$49KPaul Little — Trustee: $44KPaul LittleTrustee$44KRobert Barthle — Trustee: $40KRobert BarthleTrustee$40KPatricia P Bechtelheimer — Trustee: $34KPatricia P BechtelheimerTrustee$34KKimberly Kinney — Trustee: $34KKimberly KinneyTrustee$34KDesmond G Little — Trustee Thru 9/2025: $30KDesmond G LittleTrustee Thru 9/2025$30KRobert W Strickland — Vice President: $25KRobert W StricklandVice President$25KDavid Hunnicutt — Trustee: $22KDavid HunnicuttTrustee$22KJoseph Marina — Trustee: $4KJoseph MarinaTrustee$4K

The highest reported compensation on the 2025 filing was $766K, to David B Lambert II (General Manager). 17 officers or directors reported compensation on that filing.

Frequently asked questions about Withlacoochee River Electric Cooperative Inc

How much does Withlacoochee River Electric Cooperative Inc give each year?

Withlacoochee River Electric Cooperative Inc gave $164K across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $115K across 10 grants.

What is Withlacoochee River Electric Cooperative Inc's typical grant size?

Withlacoochee River Electric Cooperative Inc's median grant in 2025 was $15,000, and its average grant was $23,487, across 7 grants on its 2025 IRS Form 990.

Where does Withlacoochee River Electric Cooperative Inc give grants?

Withlacoochee River Electric Cooperative Inc gives mostly in Florida: 64% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were Arizona (29%) and Kentucky (8%).

Does Withlacoochee River Electric Cooperative Inc give general operating support?

Yes: 100% of Withlacoochee River Electric Cooperative Inc's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990.

Who are Withlacoochee River Electric Cooperative Inc's largest grantees?

Withlacoochee River Electric Cooperative Inc's largest 2025 grantees include Navajo Nation ($47,369), Ernie Wever Youth Park ($44,539) and Pasco County Economic Development Council ($25,000), according to its 2025 IRS Form 990. Together they received 71% of its itemized 2025 grant dollars.

How large is Withlacoochee River Electric Cooperative Inc?

Withlacoochee River Electric Cooperative Inc reported $1.5B in total assets on its 2025 IRS Form 990. Its revenue that year was $674.6M.

What is Withlacoochee River Electric Cooperative Inc's EIN?

Withlacoochee River Electric Cooperative Inc's EIN (Employer Identification Number) is 59-0545223. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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