Buckeye Power Inc
501(c)(12)
Strong reserves
Buckeye Power Inc is a 501(c)(12) organization based in Columbus, Ohio, registered in 1974, with $915,533,213 in FY2024 revenue.
6677 Busch Blvd, Columbus, OH, 43229 EIN 31-0676582 Since 1974
Revenue (FY2024)
$915.5M
▲ 12.2% vs prior year
Expenses (FY2024)
$886.3M
Net assets
$511.9M
Employees
84
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Buckeye Power Inc— 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 rating7 mo reserves · +3% 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 Buckeye Power Inc: 7 mo reserves · +3% 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 Buckeye Power Inc: 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 Buckeye Power Inc: 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
Deliver to members stably and competitively priced economical and highly reliable wholesale power for the benefit of their members and their communities.
Contact & location
Financial trends
Revenue grew from $739.7M (FY2020) to $915.5M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.1BNet assets $511.9M
Operating margin
3.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$1.1B
Net assets
$511.9M
Salaries & benefits
$9.8M
1% of expenses
Board members
25
25 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $915,533,213▲12.2% | $886,312,808▲11.4% | $511,867,982 | $1,599,226,510▼5.7% | 990 |
| 2023 | $815,866,022▼2.0% | $795,831,880▲0.5% | $512,052,558▼1.8% | $1,696,416,205▲0.5% | 990 |
| 2022 | $832,696,275▲2.2% | $791,988,048▲1.8% | $521,390,484▲0.7% | $1,688,219,536▼3.0% | 990 |
| 2021 | $814,420,643▲10.1% | $777,806,668▲9.2% | $517,604,610▼0.5% | $1,739,976,540▼1.4% | 990 |
| 2020 | $739,686,456 | $712,071,623 | $520,217,816 | $1,764,183,038 | 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: Patrick O'loughlin — $1,018,694 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Patrick O'loughlin | President Ceo July To Dec 2024 | 32.8 | $1,018,694 |
| Craig Grooms | President Ceo Jan To June 2025 | 37.2 | $378,698 |
| Kurt Helfrich | General Council | 34 | $326,560 |
| William Roberts | Vp Finance Cfo | 32 | $317,678 |
| Tom Alban | Vp Power Generation | 38.4 | $296,901 |
| Bethany Schunn | Plant Manager | 40 | $291,040 |
| Kevin Zemanek | Vp Operations | 37.2 | $237,741 |
| Dave Richardson | Plant Manager | 40 | $222,771 |
| Randall Keefer | Director Fuel Procurement Byproduct Sales | 40 | $215,301 |
| Ben Wilson | Assistant Vp Power Delivery | 36 | $197,418 |
| Greg Niese | Director of It | 36 | $182,300 |
| Doug Miller | Vp Statewide Services | 10 | $78,394 |
| Steven Nelson | Chairman | 4 | $11,800 |
| John Metcalf | Vice Chairman | 2.5 | $5,200 |
| Dwight Miller | Sr Director Safety Training Loss Prevention | 0.8 | $4,209 |
| Todd Ware | Treasurer | 2.5 | $3,600 |
| Brett Perkins | Trustee | 1.7 | $2,800 |
| Gary Knapke | Trustee | 1.25 | $1,425 |
| Tom Musick | Trustee | 1.25 | $400 |
| Anthony Smith | Trustee | 1.25 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Aces Power Marketing | Power Marketing Services | $2,589,883 |
| Morgan Stanley | Power Marketing Services | $981,075 |
| Mpw Industrial Services | Industrial Services | $417,402 |
| Aveva | Industrial Intelligence | $403,605 |
| Thompson Hine | Legal | $355,874 |
Frequently asked questions
- Is Buckeye Power Inc a legitimate nonprofit?
- Yes. Buckeye Power Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 31-0676582, based in Columbus, Ohio.
- What is Buckeye Power Inc's EIN?
- Buckeye Power Inc's Employer Identification Number (EIN) is 31-0676582.
- How much revenue does Buckeye Power Inc report?
- Buckeye Power Inc reported $915,533,213 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Buckeye Power Inc's highest-paid employee make?
- The highest reported compensation on Buckeye Power Inc's latest Form 990 is $1,018,694, paid to Patrick O'loughlin (President Ceo July To Dec 2024).
More nonprofits in Columbus
Explore more
Data for Buckeye Power Inc (EIN 31-0676582) 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.