Harmon Electric Association Inc.

Harmon Electric Association Inc. is a member-owned electric cooperative based in Hollis, Oklahoma. Founded in 1938 as Harmon Electric Cooperative, the organization's name was changed to Harmon Electric Association, Inc. in 1939.

Mission and Operations

The cooperative provides electric energy to its members on a cooperative basis. It serves over 3,000 meters across several counties in Oklahoma, including Harmon, Greer, Jackson, Kiowa, and Beckham, as well as Hardeman and Childress counties in Texas. The electricity supplied by Harmon Electric is purchased from Western Farmers Electric Cooperative (WFEC).

Financial Status

Harmon Electric Association Inc. is a tax-exempt organization, recognized as a nonprofit since March 1940. According to recent financial reports, the cooperative generates the majority of its revenue from program services, specifically electricity sales to its members. The organization maintains significant assets and liabilities, with total assets exceeding $39 million and total liabilities nearing $31 million.

Governance and Structure

While specific details on the current board members are not available, key roles in the organization include positions such as General Manager, Manager of Administration and Finance, and Manager of Operations. The cooperative is governed by a board of trustees that oversees its operations and ensures the delivery of electric services to its members.

History and Development

Harmon Electric Association Inc. has evolved since its inception in 1938, with its initial power purchases originating from the City of Mangum. Over the years, it has become a vital part of the regional electric distribution network, serving diverse sectors including residential, commercial, and industrial accounts.

[1] https://harmonelectric.com/about-us [2] https://www.okl.coop/cooperatives/my-cooperative/harmon/ [3] https://projects.propublica.org/nonprofits/organizations/730274135 [4] https://www.guidestar.org/profile/73-0274135 [5] https://harmonelectric.com