Claiborne Electric Cooperative Inc
501(c)(12)
100% goes to programs Growing revenue
Claiborne Electric Cooperative Inc is a 501(c)(12) organization based in Homer, Louisiana, registered in 1943, with $73,528,200 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
12525 Hwy 9, Homer, LA, 71040 EIN 72-0154371 Since 1943
Revenue (FY2024)
$73.5M
▲ 10.6% vs prior year
Expenses (FY2024)
$73.6M
Net assets
$21.4M
Employees
77
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 Claiborne Electric Cooperative Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating3 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 Claiborne Electric Cooperative Inc: 3 mo reserves · -0% 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 Claiborne 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 Claiborne Electric Cooperative 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
The wholesale purchase, distribution, and retail sale of electricity to approximately 18,512 rural members.
Contact & location
Financial trends
Revenue grew from $45.9M (FY2013) to $73.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $112.9MNet assets $21.4M
Operating margin
-0.1%
Spent more than it raised in the latest fiscal year.
Total assets
$134.2M
Total liabilities
$112.9M
Net assets
$21.4M
Salaries & benefits
$237K
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,528,200▲10.6% | $73,591,430▲5.5% | $21,370,417▼1.1% | $134,238,722▼0.7% | 990 |
| 2023 | $66,495,647▲1.0% | $69,745,764▲3.1% | $21,611,239▼13.6% | $135,201,019▲3.5% | 990 |
| 2022 | $65,842,687▲12.7% | $67,629,147▲15.3% | $25,012,361▼3.4% | $130,568,003▲3.3% | 990 |
| 2021 | $58,416,473▲6.2% | $58,633,788▲6.6% | $25,904,894▼2.5% | $126,445,494▲2.9% | 990 |
| 2020 | $55,005,858▼6.3% | $55,005,858▼6.3% | $26,572,262▲0.3% | $122,907,315▲5.1% | 990 |
| 2019 | $58,687,235▼4.1% | $58,687,235▼4.1% | $26,498,839▲10.7% | $116,897,533▲0.5% | 990 |
| 2018 | $61,226,483▲11.3% | $61,226,483▲11.1% | $23,944,942▲7.2% | $116,321,619▲2.1% | 990 |
| 2017 | $54,990,463▼0.6% | $55,127,907▼0.3% | $22,333,821▼1.0% | $113,914,634▲1.5% | 990 |
| 2016 | $55,304,603▲3.6% | $55,304,603▲3.6% | $22,561,830▲5.5% | $112,198,693▲6.4% | 990 |
| 2015 | $53,370,992▲6.6% | $53,370,992▲5.7% | $21,389,085▲2.3% | $105,473,446▲4.9% | 990 |
| 2014 | $50,061,822▲9.1% | $50,493,171▲13.7% | $20,910,762▼3.8% | $100,517,967▲1.6% | 990 |
| 2013 | $45,872,162 | $44,390,112▲4.6% | $21,737,018▲7.6% | $98,896,344▲11.7% | 990 |
| 2012 | — | $42,443,332▲1.3% | $20,195,298▼5.9% | $88,521,503▲5.7% | 990 |
| 2011 | — | $41,881,373▲2.6% | $21,464,999▼4.7% | $83,755,109▲8.8% | 990 |
| 2010 | — | $40,834,113 | $22,527,464 | $76,956,054 | 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: Kathy Tanner — $231,351 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kathy Tanner | Former Cfo | 40 | $231,351 |
| Rocky Lachney | Foreman | 50 | $184,192 |
| Andy Mills | Lineman Class A | 50 | $169,679 |
| Joshua Dupree | Area Serviceman | 50 | $167,168 |
| Joseph Robertson | Area Serviceman | 50 | $159,212 |
| Jeremy Shaw | Area Serviceman | 50 | $159,003 |
| Michael Marcotte | Gm & Ceo | 65 | $138,462 |
| Mark Brown | Former Manager | 40 | $101,255 |
| Philip Fincher | President | 10 | $18,500 |
| Lane Davidson | Director | 14 | $14,500 |
| Leroy Perritt | Director | 13 | $12,500 |
| Jody Woodard | Secretary/treas | 8 | $10,500 |
| Rand Killgore | Director | 10 | $10,000 |
| Scott Jones | Vice President | 10 | $10,000 |
| Ben Abshire | Director | 8 | $9,500 |
| Willie Sensley | Director | 8 | $8,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Right Away Maintenance Co LLC | Tree-trim Contractor | $1,983,418 |
| Echo Power LLC | Electric Contractor | $1,926,531 |
| Evers Electric Company Inc | Electric Contractor | $808,341 |
| Osmose Utilities Services Inc | Pole Inspection | $537,014 |
| Louisiana Bridge Inc | Const Work & Dirt Work | $448,200 |
Frequently asked questions
- Is Claiborne Electric Cooperative Inc a legitimate nonprofit?
- Yes. Claiborne Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 72-0154371, based in Homer, Louisiana.
- What is Claiborne Electric Cooperative Inc's EIN?
- Claiborne Electric Cooperative Inc's Employer Identification Number (EIN) is 72-0154371.
- How much revenue does Claiborne Electric Cooperative Inc report?
- Claiborne Electric Cooperative Inc reported $73,528,200 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Claiborne Electric Cooperative Inc's spending goes to programs?
- Claiborne Electric Cooperative Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Claiborne Electric Cooperative Inc have?
- CharityIndex grades Claiborne Electric Cooperative Inc A, based on program efficiency and fundraising cost.
- How much does Claiborne Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Claiborne Electric Cooperative Inc's latest Form 990 is $231,351, paid to Kathy Tanner (Former Cfo).
More nonprofits in Homer
Explore more
Data for Claiborne Electric Cooperative Inc (EIN 72-0154371) 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.