Red River Valley Rural Electric Association
- King MartinVice President · Form 990
- Phillip LandgrafPresident · Form 990
- Shelby HarrisCoo · Form 990
- Greg WinchesterVP of Operations · Form 990
- Allen WadeDirector · Form 990
How we got $49.2M
Based on IRS Form 990 (2025).
What we know
What they do
Red River Valley REA is a member-owned electric cooperative in South Central Oklahoma that provides electricity to over 11,000 members and 17,000 accounts in five counties.
From the company's website. Industry: Electric Power Distribution.
Customers & suppliers
Suppliers & brands
- Western Farmers Electric Cooperative (WFEC) · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RED RIVER VALLEY RURAL ELECTRIC ASSOCIATION this business | $49.2M | — |
| DNT ELECTRICAL SOLUTIONS Ardmore · 4 employees | $11.3M | 15.3 mi |
| OKT PRIME ENERGY SERVICES LLC Ardmore · 4 employees | $4.1M | 18.5 mi |
| DNT ELECTRICAL SOLUTIONS Davis · 3 employees | $5.1M | 36.9 mi |
| SOUTHEASTERN ELECTRIC COOPERATIVE OF DURANT, OKLAHOMA Durant · 35 employees | $63.5M | 42.0 mi |
| JACKFORK RESOURCES INC Ada · 1 employees | $872K | 63.1 mi |
| PEOPLES ELECTRIC COOPERATIVE Ada · 130 employees | $227.1M | 63.7 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
These are the business's own reported figures, from its IRS Form 990 filing, not an estimate. EBITDA applies the industry margin to reported revenue.
| Revenue range | $46.8M – $51.7M |
| EBITDA range | $4.6M – $5.1M |
| Industry (NAICS) | Electric Power Distribution (221122) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingBancFirstPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/15/2020 | first | $759K | 40 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Red River Valley Rural Electric Association
Red River Valley Rural Electric Association is an electric power distribution company in Marietta, Oklahoma, in business since 1998. It is owned by Mike Mathis (General Manager/C.E.O.). Its reported annual revenue is about $49.2M, with roughly $4.8M of EBITDA. It has about 40 employees.
Common questions
- Who owns Red River Valley Rural Electric Association?
- Red River Valley Rural Electric Association is owned by Mike Mathis (General Manager/C.E.O.), according to public sources such as the company's website or filings.
- How much revenue does Red River Valley Rural Electric Association make?
- Red River Valley Rural Electric Association reported revenue of about $49.2M.
- How many employees does Red River Valley Rural Electric Association have?
- About 40, as reported on its PPP loan.
- When was Red River Valley Rural Electric Association founded?
- Red River Valley Rural Electric Association has been in business since 1998.