Civic Intelligence

Hilco Electric Trust

EIN 75-6602612 • 501(c)3 • Itasca, TX

Profile

The accumulation and disbursement of funds for charitable purposes in the service area of hilco electric cooperative, inc.

115 E Main StreetItasca, TX 76055-0127

hilco.coop/COMMUNITY-PROGRAMS/OPERATION-ROUND-UP

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

42nd percentile

-1.3%

Higher net margin than 42% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

42nd percentile

-6.9%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

-1.8%

Faster revenue growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,296

Down $766 (-6.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$10,296

Down $766 (-6.9%) from 2023

Revenue

Down

$60,966

Down $1,125 (-1.8%) from 2023

Expenses

Down

$61,732

Down $674 (-1.1%) from 2023

Net Income

Down

-$766

Down $451 (-143%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2014: $21,010Liabilities 2014: $0Net Assets 2014: $21,0102014Assets 2015: $11,640Liabilities 2015: $0Net Assets 2015: $11,6402015Assets 2016: $12,295Liabilities 2016: $02016Assets 2017: $11,979Liabilities 2017: $0Net Assets 2017: $11,9792017Assets 2018: $12,035Liabilities 2018: $0Net Assets 2018: $12,0352018Assets 2019: $12,182Liabilities 2019: $900Net Assets 2019: $11,2822019Assets 2020: $12,827Liabilities 2020: $1,500Net Assets 2020: $11,3272020Assets 2021: $12,824Liabilities 2021: $0Net Assets 2021: $12,8242021Assets 2022: $11,377Liabilities 2022: $0Net Assets 2022: $11,3772022Assets 2023: $11,062Liabilities 2023: $0Net Assets 2023: $11,0622023Assets 2024: $10,296Liabilities 2024: $0Net Assets 2024: $10,2962024

Highlighted filing

2024

Assets$10,296
Liabilities$0
Net Assets$10,296

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0-$20KRevenue 2014: $52,626Expenses 2014: $54,196Net Income 2014: -$1,5702014Revenue 2015: $54,087Expenses 2015: $63,457Net Income 2015: -$9,3702015Revenue 2016: $54,291Expenses 2016: $53,636Net Income 2016: $6552016Revenue 2017: $53,892Expenses 2017: $54,208Net Income 2017: -$3162017Revenue 2018: $53,791Expenses 2018: $53,735Net Income 2018: $562018Revenue 2019: $59,601Expenses 2019: $60,354Net Income 2019: -$7532019Revenue 2020: $70,094Expenses 2020: $70,049Net Income 2020: $452020Revenue 2021: $63,936Expenses 2021: $62,439Net Income 2021: $1,4972021Revenue 2022: $63,137Expenses 2022: $64,584Net Income 2022: -$1,4472022Revenue 2023: $62,091Expenses 2023: $62,406Net Income 2023: -$3152023Revenue 2024: $60,966Expenses 2024: $61,732Net Income 2024: -$7662024

Highlighted filing

2024

Revenue$60,966
Expenses$61,732
Net Income-$766

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 13, 2025
Return Version
2024v5.1
Gross Receipts
$60,966
Mission and Program Overview

Mission

The accumulation and disbursement of funds for charitable purposes in the service area of hilco electric cooperative, inc.

Program Services

DescriptionGrantsExpenses
GRANTS AND CONTRIBUTIONS TO CHARITIES IN THE SERVICE AREA OF HILCO ELECTRIC COOPERATIVE, INC. APPROXIMATELY 29 DIFFERENT ORGANIZATIONS RECEIVED CONTRIBUTIONS IN 2024.$55,782$61,732
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEBBIE BROOKSChairman-$0--
MIKE CREECHVice-Chairman-$0--
GORDEN PICKETTSecretary/Treasurer-$0--
RICK FAUGHTDirector-$0--
ANA FUENTESDirector-$0--
WESLEY TRYONDirector-$0--
DAVID DIAZDirector-$0--
Filing and Contact Details

Filer

Filer Name
Hilco Electric Trust
EIN
75-6602612
Phone
2546872331
Address
115 E MAIN STREET, ITASCA, TX 76055-0127

Signing Officer

Name
Debbie Brooks
Title
Board Chairman
Phone
2546872331
Signed
2025-06-13
Discuss with paid preparer
Yes

Preparer

Firm
Bolinger Segars Gilbert and Moss Llp
Address
8215 NASHVILLE AVENUE, LUBBOCK, TX 79423
Preparer
Matt R Willis
Phone
8067473806
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 20.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: to assist area charities. Grantee name: organizations receiving $5,000 or less. Grantee relationship: none. Amount given: 55,782.

Form 990-ez, Part II, Line 24 - Other Assets

Description: receivable - hilco electric coop inc.. Beg. Of year amount: 3,114. End of year amount: 2,757.

Raw XML Appendix178 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum02546872331
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0ITASCA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0760550127
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IRS990EZ/GrantsAndSimilarAmountsPaidAmt055782
IRS990EZ/GrossReceiptsAmt060966
IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/LobbyingActivitiesInd00
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IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt011062
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt010296
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt41.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DEBBIE BROOKS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MIKE CREECH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GORDEN PICKETT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RICK FAUGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ANA FUENTES
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5WESLEY TRYON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6DAVID DIAZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt03114
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02757
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF HILCO ELECTRIC COOPERATIVE, INC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0GRANTS AND CONTRIBUTIONS TO CHARITIES IN THE SERVICE AREA OF HILCO ELECTRIC COOPERATIVE, INC. APPROXIMATELY 29 DIFFERENT ORGANIZATIONS RECEIVED CONTRIBUTIONS IN 2024.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt055782
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt061732
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt061732
IRS990EZ/TotalProgramServiceExpensesAmt061732
IRS990EZ/TotalRevenueAmt060966
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationTrustInd0X
IRS990EZ/WebsiteAddressTxt0HILCO.COOP/COMMUNITY-PROGRAMS/OPERATION-ROUND-UP
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt060946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt062065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt063111
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt063917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt070078
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0320117
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt026
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0107
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt0320117
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt060946
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt070078
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0320117
IRS990ScheduleA/TotalSupportAmt0320224
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 20.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: TO ASSIST AREA CHARITIES. GRANTEE NAME: ORGANIZATIONS RECEIVING $5,000 OR LESS. GRANTEE RELATIONSHIP: NONE. AMOUNT GIVEN: 55,782.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: RECEIVABLE - HILCO ELECTRIC COOP INC.. BEG. OF YEAR AMOUNT: 3,114. END OF YEAR AMOUNT: 2,757.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBBIE BROOKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum02546872331
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HILCO ELECTRIC TRUST
ReturnHeader/Filer/BusinessNameControlTxt0HILC
ReturnHeader/Filer/EIN0756602612
ReturnHeader/Filer/PhoneNum02546872331
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 E MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0ITASCA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0760550127
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0750882037
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOLINGER SEGARS GILBERT AND MOSS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08215 NASHVILLE AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUBBOCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079423
ReturnHeader/PreparerPersonGrp/PhoneNum08067473806
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATT R WILLIS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-06-23T11:34:14-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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