Boone Electric Cooperative
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Boone Electric Cooperative is a 501(c)(12) organization based in Columbia, Missouri, registered in 1938, with $76,383,296 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 797, Columbia, MO, 65205 EIN 43-0188985 Since 1938
Revenue (FY2024)
$76.4M
▲ 5.1% vs prior year
Expenses (FY2024)
$72.6M
Net assets
$95.7M
Employees
104
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Boone Electric Cooperative: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +5% 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 Boone Electric Cooperative: 16 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Boone Electric Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Boone Electric Cooperative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide electricity to our cooperative members
Contact & location
Financial trends
Revenue grew from $56.7M (FY2013) to $76.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $128.4MNet assets $95.7M
Operating margin
5.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$224.1M
Total liabilities
$128.4M
Net assets
$95.7M
Salaries & benefits
$985K
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,383,296▲5.1% | $72,595,520▲6.4% | $95,749,639▲4.1% | $224,112,212▲2.1% | 990 |
| 2023 | $72,698,018▲7.1% | $68,204,910▲8.6% | $91,961,863▲5.1% | $219,609,893▲2.4% | 990 |
| 2022 | $67,889,675▲4.3% | $62,821,254▲6.1% | $87,468,755▲6.2% | $214,466,398▲6.8% | 990 |
| 2021 | $65,114,805▼0.6% | $59,198,437▼4.1% | $82,400,334▲7.7% | $200,825,736▲10.4% | 990 |
| 2020 | $65,495,242▲1.8% | $61,728,930▲0.8% | $76,483,966▲5.2% | $181,862,194▲7.5% | 990 |
| 2019 | $64,344,021▼2.9% | $61,257,754▼0.8% | $72,717,654▲4.4% | $169,146,759▲5.5% | 990 |
| 2018 | $66,286,722▲12.5% | $61,755,963▲8.8% | $69,631,387▲7.0% | $160,350,392▲5.7% | 990 |
| 2017 | $58,946,239▲1.9% | $56,773,949▲1.0% | $65,100,628▲3.5% | $151,645,561▲5.3% | 990 |
| 2016 | $57,836,795▲3.5% | $56,221,860▲2.7% | $62,928,338▲3.8% | $143,949,916▲4.2% | 990 |
| 2015 | $55,874,682▼3.4% | $54,732,894▼3.7% | $60,648,597▲1.9% | $138,155,270▼0.9% | 990 |
| 2014 | $57,847,841▲2.0% | $56,837,614▲7.3% | $59,506,809▲1.7% | $139,372,194▲1.8% | 990 |
| 2013 | $56,718,310 | $52,975,775▼0.7% | $58,496,582▲6.8% | $136,922,694▲8.1% | 990 |
| 2012 | — | $53,365,292 | $54,754,047 | $126,680,005 | 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.
Leadership & compensation (FY2024)
Highest-paid: Todd Culley — $356,797 (0.49% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Todd Culley | Ceo | 50 | $356,797 |
| Vicki Kemna | Assistant Manager | 50 | $226,786 |
| Ryan Euliss | Cfo/manager of Finance | 50 | $206,988 |
| Andrew Petri | Manager of Engineering and | 45 | $192,012 |
| James Goodnight | Operations Manager | 45 | $177,805 |
| Laura Baker | Mgr Member Svcs | 45 | $153,002 |
| Travis Lynn | Journeyman Lineman | 47 | $143,480 |
| Travis Meyers | Journeyman Lineman | 48 | $140,113 |
| Robert Hawkins | Line Foreman | 45 | $139,045 |
| Jeffrey Marren | Line Foreman | 46 | $136,139 |
| Scott Douglas | System Engineer | 40 | $135,080 |
| Darin Schnarre | Treasurer | 3 | $42,465 |
| Andrew Stanton | Director | 4 | $42,155 |
| John Bullard | Director | 6 | $41,229 |
| Kimberly Ponder | President | 10 | $23,662 |
| Michelle Motley | Secretary | 5 | $16,111 |
| Wayne Wilcox | Vice President | 5 | $13,891 |
| Timothy Hudspeth | Director | 2 | $13,351 |
| Joel Bullard | Director | 10 | $10,263 |
| Maria Haag | Director | 5 | $8,522 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Burbridge Tree Service LLC | Row Clearing | $665,040 |
| Vegetation Management & Control LLC | Row Clearing | $607,300 |
| Hentges Tree Service Inc | Row Clearing | $567,424 |
| Nisc | Software | $529,249 |
| Sellenkirk Energy LLC | Construction | $253,415 |
Grants made · $59K in FY2024
1 grant totaling $59K in FY2024. All grants made by Boone Electric Cooperative →
| Recipient | Purpose | Amount |
|---|---|---|
| Boone Electric Community Trust | To provide grants for economic, youth, rural development, education, health and research | $58,675 |
Frequently asked questions
- Is Boone Electric Cooperative a legitimate nonprofit?
- Yes. Boone Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 43-0188985, based in Columbia, Missouri.
- What is Boone Electric Cooperative's EIN?
- Boone Electric Cooperative's Employer Identification Number (EIN) is 43-0188985.
- How much revenue does Boone Electric Cooperative report?
- Boone Electric Cooperative reported $76,383,296 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Boone Electric Cooperative's spending goes to programs?
- Boone Electric Cooperative spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Boone Electric Cooperative have?
- CharityIndex grades Boone Electric Cooperative A+, based on program efficiency and fundraising cost.
- How much does Boone Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Boone Electric Cooperative's latest Form 990 is $356,797, paid to Todd Culley (Ceo).
More nonprofits in Columbia
Explore more
Data for Boone Electric Cooperative (EIN 43-0188985) 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.