Central Alabama Electric Cooperative
501(c)(12)
Strong reserves Growing revenue
Central Alabama Electric Cooperative is a 501(c)(12) organization based in Prattville, Alabama, registered in 1964, with $134,243,688 in FY2024 revenue.
103 Jesse Samuel Hunt Blvd, Prattville, AL, 36066 EIN 63-0038505 Since 1964
Revenue (FY2024)
$134.2M
▲ 9.8% vs prior year
Expenses (FY2024)
$127.1M
Net assets
$133.0M
Employees
176
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
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 Central Alabama Electric Cooperative— 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 · +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 Central Alabama Electric Cooperative: 13 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 Central Alabama Electric Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Central Alabama Electric Cooperative: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide utility service to cooperative members.
What they do
Provided electric utility service to approximately 36,465 cooperative members.
Contact & location
- Address
- 103 Jesse Samuel Hunt Blvd, Prattville, AL, 36066
- City
- Prattville
- State
- Alabama
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $90.4M (FY2013) to $134.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $333.7MNet assets $133.0M
Operating margin
5.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$466.7M
Total liabilities
$333.7M
Net assets
$133.0M
Salaries & benefits
$2.9M
2% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $134,243,688▲9.8% | $127,055,686▲7.6% | $133,001,077▲5.7% | $466,671,017▲12.8% | 990 |
| 2023 | $122,242,272▲5.7% | $118,121,638▲9.8% | $125,885,612▲3.3% | $413,539,203▲7.7% | 990 |
| 2022 | $115,611,869▲18.6% | $107,596,635▲13.8% | $121,843,341▲6.7% | $384,116,824▲13.3% | 990 |
| 2021 | $97,489,806▲6.0% | $94,580,467▲8.5% | $114,244,272▲2.0% | $339,092,082▲8.2% | 990 |
| 2020 | $92,012,881▼3.6% | $87,145,537▼5.7% | $112,027,971▲4.9% | $313,300,578▲17.1% | 990 |
| 2019 | $95,445,730▲1.7% | $92,424,985▲3.2% | $106,838,569▲2.9% | $267,658,458▲7.0% | 990 |
| 2018 | $93,849,527▲3.7% | $89,589,485▲0.1% | $103,843,436▲4.3% | $250,240,541▲0.8% | 990 |
| 2017 | $90,479,742▲0.6% | $89,505,312▲4.3% | $99,528,421▲1.1% | $248,274,004▲3.6% | 990 |
| 2016 | $89,903,971▼0.9% | $85,808,891▼3.6% | $98,494,022▲3.7% | $239,737,566▲1.5% | 990 |
| 2015 | $90,698,488▼9.2% | $89,002,843▼3.9% | $94,985,506▲2.0% | $236,223,858▲3.4% | 990 |
| 2014 | $99,855,813▲10.4% | $92,570,130▲8.8% | $93,128,346▲8.5% | $228,456,629▲3.4% | 990 |
| 2013 | $90,431,016 | $85,047,957▲0.7% | $85,795,986▲6.6% | $221,048,865▲6.0% | 990 |
| 2012 | — | $84,469,132▼1.8% | $80,493,601▲8.2% | $208,584,100▲0.6% | 990 |
| 2011 | — | $86,016,585▼1.3% | $74,398,215▲6.1% | $207,429,982▲7.5% | 990 |
| 2010 | — | $87,151,187 | $70,120,584 | $192,966,228 | 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: Thomas Stackhouse — $448,245 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas Stackhouse | President/ce | 55 | $448,245 |
| James Gray | Vp Engineer/ | 50 | $235,150 |
| Julie Young | Vp Business | 55 | $234,374 |
| Damali Clark | Vp Corp/fina | 45 | $218,637 |
| Aaron Ismail | Vp Customer/ | 40 | $217,969 |
| Joel Collier | Mgr-operatio | 50 | $185,657 |
| Scott Lee | Mgr-it | 55 | $181,707 |
| Walton C Montgomery | Vp Central A | 50 | $181,179 |
| Randall Morgan | Mgr-operatio | 50 | $173,793 |
| Connie Bainbridge | Mgr-econ/dev | 55 | $171,716 |
| Erick Terry | Mgr-engineer | 45 | $163,722 |
| Mark Gray | Trustee | 10 | $55,450 |
| Van Smith | Vice Chairma | 9 | $49,450 |
| James Parnell | Trustee | 10 | $48,400 |
| Justin Barrett | Trustee | 11.5 | $48,350 |
| Charles Byrd | Chairman | 4 | $47,850 |
| Mark Presnell | Secretary/tr | 10 | $47,250 |
| Terry Mitchell | Trustee | 10 | $46,850 |
| Nicole Law | Trustee | 8 | $44,100 |
| Mike Lamar | Trustee | 8 | $44,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Stronghold Contracting | Construction | $3,617,051 |
| Asplundh | Row Expenses | $3,415,430 |
| Meridian Cooperative | Software Serv | $1,406,718 |
| Heritage Communication | Contract Serv. | $1,232,936 |
| Utility Lines Construction | Row Expenses | $1,100,911 |
Frequently asked questions
- Is Central Alabama Electric Cooperative a legitimate nonprofit?
- Yes. Central Alabama Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 63-0038505, based in Prattville, Alabama.
- What is Central Alabama Electric Cooperative's EIN?
- Central Alabama Electric Cooperative's Employer Identification Number (EIN) is 63-0038505.
- How much revenue does Central Alabama Electric Cooperative report?
- Central Alabama Electric Cooperative reported $134,243,688 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Central Alabama Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Central Alabama Electric Cooperative's latest Form 990 is $448,245, paid to Thomas Stackhouse (President/ce).
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Data for Central Alabama Electric Cooperative (EIN 63-0038505) 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.