Caney Fork Electric Cooperative Inc
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Caney Fork Electric Cooperative Inc is a 501(c)(12) organization based in Mcminnville, Tennessee, registered in 1942, with $84,991,952 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box 272, Mcminnville, TN, 37111 EIN 62-0148804 Since 1942
Revenue (FY2024)
$85.0M
▲ 9.8% vs prior year
Expenses (FY2024)
$80.2M
Net assets
$97.7M
Employees
87
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 Caney Fork Electric Cooperative Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +6% 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 Caney Fork Electric Cooperative Inc: 15 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Caney Fork Electric Cooperative Inc: 5 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 Caney Fork Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide electric service in rural areas to the members of the cooperative.
Contact & location
- Address
- Po Box 272, Mcminnville, TN, 37111
- City
- Mcminnville
- State
- Tennessee
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $65.6M (FY2013) to $85.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $77.1MNet assets $97.7M
Operating margin
5.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$174.8M
Total liabilities
$77.1M
Net assets
$97.7M
Salaries & benefits
$1.2M
1% of expenses
Board members
10
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $84,991,952▲9.8% | $80,237,730▲10.5% | $97,711,732▲5.2% | $174,812,650▲11.2% | 990 |
| 2023 | $77,375,635▼0.3% | $72,594,780▼0.6% | $92,858,155▲17.7% | $157,172,585▲7.4% | 990 |
| 2022 | $77,606,579▲5.5% | $73,021,422▲8.6% | $78,918,989▲6.1% | $146,308,723▲0.7% | 990 |
| 2021 | $73,547,577▲7.1% | $67,215,842▲9.6% | $74,406,305▲10.3% | $145,317,750▲3.3% | 990 |
| 2020 | $68,683,408▲1.5% | $61,347,709▼2.1% | $67,485,618▲12.0% | $140,728,513▲2.9% | 990 |
| 2019 | $67,677,573▼2.1% | $62,651,802▼4.8% | $60,256,657▲10.0% | $136,758,342▲3.7% | 990 |
| 2018 | $69,157,069▲2.4% | $65,842,251▲0.2% | $54,759,531▲6.5% | $131,845,775▲2.4% | 990 |
| 2017 | $67,552,282▲2.8% | $65,691,386▲1.7% | $51,441,438▲12.7% | $128,728,047▼0.1% | 990 |
| 2016 | $65,734,390▲6.1% | $64,571,663▲4.7% | $45,656,481▲3.1% | $128,814,250▲4.1% | 990 |
| 2015 | $61,979,580▼3.8% | $61,648,489▼5.1% | $44,285,536▼4.5% | $123,703,759▲2.4% | 990 |
| 2014 | $64,403,829▼1.8% | $64,973,962▲1.6% | $46,352,999▼2.8% | $120,775,931▼0.1% | 990 |
| 2013 | $65,557,130 | $63,945,712▲5.0% | $47,671,180▲4.1% | $120,910,615▲6.5% | 990 |
| 2012 | — | $60,928,482▲1.1% | $45,801,751▲5.0% | $113,492,868▲3.9% | 990 |
| 2011 | — | $60,291,360▼5.2% | $43,604,738▲2.0% | $109,231,958▲2.9% | 990 |
| 2010 | — | $63,613,393 | $42,762,446 | $106,135,765 | 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: Jason Cloyd — $161,601 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jason Cloyd | General Manager | 55 | $161,601 |
| James Milraney | Dir. Engineering | 45 | $157,277 |
| Kim Henry | Controller | 50 | $144,668 |
| Brandon Johnson | Working Foreman | 45 | $139,542 |
| Danny Sutton | Operations Director | 50 | $135,150 |
| Ireno Rose | Lineman | 45 | $131,402 |
| Jeferry Moffitt | Lineman | 45 | $126,343 |
| James Watson | Lineman | 45 | $123,703 |
| Robert Robinson | Director | 4.94 | $7,700 |
| Jeremy Johnson | Director | 3.26 | $6,700 |
| William R Floyd | Resident | 3.61 | $6,350 |
| Mack Harney | Director | 2.07 | $5,700 |
| Glenn Mitchell | Secretary/treas | 2.04 | $4,800 |
| Albert R Dicus | Director | 2.44 | $4,750 |
| Michael Bouldin | Vice President | 1.62 | $4,100 |
| Glen H Page | Director | 2.13 | $4,000 |
| J Steve Roller | Director | 1.71 | $4,000 |
| James H Hillis | Director | 0.19 | $2,100 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| J&l Tree Services LLC | Tree Service | $2,423,899 |
| T & M Distribution Power LLC | Construction | $884,041 |
| Jkg Utility | Construction | $505,196 |
| Mckenzie Tree Service Inc | Tree Service | $418,824 |
| G&g Tree Service Inc | Tree Service | $381,106 |
Frequently asked questions
- Is Caney Fork Electric Cooperative Inc a legitimate nonprofit?
- Yes. Caney Fork Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 62-0148804, based in Mcminnville, Tennessee.
- What is Caney Fork Electric Cooperative Inc's EIN?
- Caney Fork Electric Cooperative Inc's Employer Identification Number (EIN) is 62-0148804.
- How much revenue does Caney Fork Electric Cooperative Inc report?
- Caney Fork Electric Cooperative Inc reported $84,991,952 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Caney Fork Electric Cooperative Inc's spending goes to programs?
- Caney Fork Electric Cooperative Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Caney Fork Electric Cooperative Inc have?
- CharityIndex grades Caney Fork Electric Cooperative Inc A, based on program efficiency and fundraising cost.
- How much does Caney Fork Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Caney Fork Electric Cooperative Inc's latest Form 990 is $161,601, paid to Jason Cloyd (General Manager).
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Data for Caney Fork Electric Cooperative Inc (EIN 62-0148804) 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.