Coles-moultrie Electric Cooperative
501(c)(12)
Only null% goes to programs Strong reserves
Coles-moultrie Electric Cooperative is a 501(c)(12) organization based in Mattoon, Illinois, registered in 1940, with $32,711,912 in FY2024 revenue. CharityIndex grades it B.
Po Box 709, Mattoon, IL, 61938 EIN 37-0223453 Since 1940
Revenue (FY2024)
$32.7M
▲ 3.8% vs prior year
Expenses (FY2024)
$29.4M
Net assets
$44.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
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 Coles-moultrie 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 rating18 mo reserves · +10% 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 Coles-moultrie Electric Cooperative: 18 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Coles-moultrie 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 →
CTransparency10% of the rating2 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 Coles-moultrie Electric Cooperative: 2 of 5 disclosure signals earns a C 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.
Contact & location
Financial trends
Revenue grew from $25.7M (FY2013) to $32.7M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $21.8MNet assets $44.3M
Operating margin
10.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$66.1M
Total liabilities
$21.8M
Net assets
$44.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,711,912▲3.8% | $29,392,670▼1.1% | $44,253,085▲5.8% | $66,086,021▲1.5% | 990 |
| 2023 | $31,527,987▲2.9% | $29,705,473▲6.9% | $41,822,473▲4.6% | $65,118,538▲1.5% | 990 |
| 2022 | $30,648,043▲6.9% | $27,783,259▲3.7% | $39,967,733▲10.6% | $64,138,037▲8.2% | 990 |
| 2021 | $28,658,911▲2.0% | $26,781,991▲1.9% | $36,121,526▲6.1% | $59,290,841▼2.7% | 990 |
| 2020 | $28,085,027▼4.1% | $26,273,466▼7.8% | $34,055,198▲5.2% | $60,918,931▼0.3% | 990 |
| 2019 | $29,284,331▼2.8% | $28,488,398▲1.8% | $32,362,722▲0.9% | $61,116,505▲3.6% | 990 |
| 2018 | $30,120,000▲11.7% | $27,989,645▲8.5% | $32,079,946▲7.2% | $58,978,808▲3.5% | 990 |
| 2017 | $26,954,016▲0.5% | $25,801,618▲0.1% | $29,928,985▲4.3% | $57,007,738▲1.2% | 990 |
| 2016 | $26,813,453▲0.4% | $25,767,058▲1.9% | $28,689,237▲9.4% | $56,318,674▲4.9% | 990 |
| 2014 | $26,693,805▲3.8% | $25,285,622▲8.5% | $26,227,425▲5.4% | $53,700,578▲1.0% | 990 |
| 2013 | $25,713,687 | $23,303,265▲6.7% | $24,879,710▲8.7% | $53,182,905▲9.2% | 990 |
| 2012 | — | $21,842,598▼1.6% | $22,890,015▲5.5% | $48,705,158▲5.7% | 990 |
| 2011 | — | $22,206,387▲8.9% | $21,699,557▲2.1% | $46,085,069▲3.5% | 990 |
| 2010 | — | $20,389,005 | $21,253,470 | $44,513,711 | 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.
Frequently asked questions
- Is Coles-moultrie Electric Cooperative a legitimate nonprofit?
- Yes. Coles-moultrie Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 37-0223453, based in Mattoon, Illinois.
- What is Coles-moultrie Electric Cooperative's EIN?
- Coles-moultrie Electric Cooperative's Employer Identification Number (EIN) is 37-0223453.
- How much revenue does Coles-moultrie Electric Cooperative report?
- Coles-moultrie Electric Cooperative reported $32,711,912 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Coles-moultrie Electric Cooperative have?
- CharityIndex grades Coles-moultrie Electric Cooperative B, based on financial health (reserves and operating margin).
More nonprofits in Mattoon
Explore more
Data for Coles-moultrie Electric Cooperative (EIN 37-0223453) 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.