Alger Delta Co-op Electric Association
501(c)(12)
Only null% goes to programs Strong reserves
Alger Delta Co-op Electric Association is a 501(c)(12) organization based in Gladstone, Michigan, registered in 1939, with $18,568,999 in FY2024 revenue. CharityIndex grades it B.
426 N 9th St, Gladstone, MI, 49837 EIN 38-0289531 Since 1939
Revenue (FY2024)
$18.6M
▲ 0.3% vs prior year
Expenses (FY2024)
$18.6M
Net assets
$19.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Alger Delta Co-op Electric Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Alger Delta Co-op Electric Association: 13 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Alger Delta Co-op Electric Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Alger Delta Co-op Electric Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $13.6M (FY2013) to $18.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $38.3MNet assets $19.7M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$58.0M
Total liabilities
$38.3M
Net assets
$19.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $18,568,999▲0.3% | $18,568,999▲0.3% | $19,693,241▲2.8% | $57,971,488▲2.9% | 990 |
| 2023 | $18,515,871▼1.0% | $18,515,871▼1.0% | $19,150,839▲5.4% | $56,353,683▲3.3% | 990 |
| 2022 | $18,706,041▲5.9% | $18,706,041▲5.9% | $18,164,461▲3.8% | $54,541,428▲4.9% | 990 |
| 2021 | $17,663,679▲10.6% | $17,663,679▲10.6% | $17,503,572▲5.0% | $51,999,429▲1.0% | 990 |
| 2020 | $15,971,471▲3.2% | $15,971,467▲3.2% | $16,665,418▲3.9% | $51,473,019▲18.2% | 990 |
| 2019 | $15,473,055▼0.6% | $15,473,056▼0.6% | $16,036,953▼1.1% | $43,544,160▲3.4% | 990 |
| 2018 | $15,568,596▲0.5% | $15,568,592▼1.3% | $16,216,187▲5.8% | $42,111,110▼2.7% | 990 |
| 2017 | $15,496,234▲5.4% | $15,774,654▲7.0% | $15,332,187▲4.9% | $43,267,177▲7.6% | 990 |
| 2016 | $14,699,020▲2.2% | $14,740,967▲1.9% | $14,616,903▲8.3% | $40,226,179▲2.3% | 990 |
| 2015 | $14,379,640▲0.5% | $14,463,960▲0.3% | $13,493,911▲9.8% | $39,323,382▲6.0% | 990 |
| 2014 | $14,302,496▲5.3% | $14,415,413▲18.9% | $12,288,108▲9.7% | $37,113,924▲0.9% | 990 |
| 2013 | $13,578,796 | $12,122,492▲1.3% | $11,197,266▲15.0% | $36,799,445▲5.1% | 990 |
| 2012 | — | $11,968,959▲5.4% | $9,740,962▲12.3% | $35,023,209▼1.2% | 990 |
| 2011 | — | $11,354,733▼2.4% | $8,673,478▲5.6% | $35,463,962▼1.4% | 990 |
| 2010 | — | $11,636,134 | $8,211,247 | $35,977,365 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $71K total
1 grant to Alger Delta Co-op Electric Association totaling $71K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2024 | $71,372 |
Frequently asked questions
- Is Alger Delta Co-op Electric Association a legitimate nonprofit?
- Yes. Alger Delta Co-op Electric Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 38-0289531, based in Gladstone, Michigan.
- What is Alger Delta Co-op Electric Association's EIN?
- Alger Delta Co-op Electric Association's Employer Identification Number (EIN) is 38-0289531.
- How much revenue does Alger Delta Co-op Electric Association report?
- Alger Delta Co-op Electric Association reported $18,568,999 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Alger Delta Co-op Electric Association have?
- CharityIndex grades Alger Delta Co-op Electric Association B, based on financial health (reserves and operating margin).
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Explore more
Data for Alger Delta Co-op Electric Association (EIN 38-0289531) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.