Core Electric Cooperative
501(c)(12)
Strong reserves
Core Electric Cooperative is a 501(c)(12) organization based in Sedalia, Colorado, registered in 1939, with $353,755,406 in FY2023 revenue.
5496 N Us Highway 85, Sedalia, CO, 80135 EIN 84-0235244 Since 1939
Revenue (FY2023)
$353.8M
▲ 2.5% vs prior year
Expenses (FY2023)
$353.8M
Net assets
$397.3M
Employees
334
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 Core 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 · +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 Core Electric Cooperative: 13 mo reserves · +0% 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 Core Electric Cooperative: 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 Core Electric Cooperative: 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
To provide quality and reliable electric service to members of the cooperative.
Contact & location
Financial trends
Revenue grew from $280.0M (FY2013) to $353.8M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $954.4MNet assets $397.3M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$954.4M
Net assets
$397.3M
Salaries & benefits
$37.0M
10% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $353,755,406▲2.5% | $353,755,406▲2.5% | $397,313,171▲4.0% | $1,351,724,523▲8.1% | 990 |
| 2022 | $345,089,935▲4.2% | $345,089,935▲4.2% | $382,131,417▲5.0% | $1,250,610,468▲1.8% | 990 |
| 2021 | $331,307,918▲5.6% | $331,307,918▲5.6% | $363,962,346▲3.0% | $1,228,049,117▲1.6% | 990 |
| 2020 | $313,688,675▲3.3% | $313,688,675▲3.3% | $353,426,314▲1.4% | $1,208,217,959▲7.0% | 990 |
| 2019 | $303,554,876▲0.5% | $303,554,876▲0.5% | $348,528,462▲3.9% | $1,128,947,537▲2.2% | 990 |
| 2018 | $302,028,115▲3.7% | $302,028,115▲3.7% | $335,578,060▲14.4% | $1,104,130,170▲1.9% | 990 |
| 2016 | $291,233,225▲2.3% | $291,233,225▲2.3% | $293,465,581▲11.7% | $1,084,051,800▲1.9% | 990 |
| 2015 | $284,764,217▲1.8% | $284,764,217▲1.8% | $262,667,938▲6.7% | $1,063,387,382▲1.3% | 990 |
| 2014 | $279,811,910▼0.1% | $279,811,910▼0.1% | $246,170,162▲7.5% | $1,049,331,367▼0.1% | 990 |
| 2013 | $279,959,327 | $279,959,327▲9.8% | $228,909,484▲22.7% | $1,050,307,072▲3.6% | 990 |
| 2012 | — | $254,872,928▲1.2% | $186,554,678▲5.0% | $1,013,477,035▲1.3% | 990 |
| 2011 | — | $251,851,326▲16.6% | $177,591,974▲7.2% | $1,000,217,340▲3.0% | 990 |
| 2010 | — | $216,058,449 | $165,660,729 | $970,661,091 | 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 (FY2023)
Highest-paid: Jeffrey Baudier — $753,000 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeffrey Baudier | Chief Executive Officer | 40 | $753,000 |
| Dierdre Jones | Chief Financial Officer | 40 | $406,193 |
| Pamela Feuerstein | Chief Operating Officer | 50 | $386,683 |
| Amanda Lesher | Chief Member Experience Officer | 45 | $331,700 |
| Kathleen Solano | Chief Administrative Officer | 45 | $325,488 |
| Mark Jurgemeyer | Engineering Director | 40 | $263,166 |
| Alex Mendez | Distribution Operations Director | 45 | $240,203 |
| Wade Pynes | Controller | 50 | $239,792 |
| Jeremy Cannon | Inforamtion Technology Director | 45 | $237,658 |
| Matthew Basford | Journeyman Lineman | 56 | $225,250 |
| Stephen Figueroa | Commercial Operations Director | 40 | $219,168 |
| Andrew Minter | Transmission Operations Director | 40 | $218,806 |
| Marcy Hudson | People Operations Director | 50 | $211,582 |
| Christopher Hildred | Power Supply Director | 45 | $207,090 |
| Thomas Tetrick | System Operator III | 54 | $203,649 |
| Robert Delaney | System Operator III | 52 | $199,868 |
| Tomasz Marek Parol | Journeyman Lineman | 52 | $199,556 |
| Michael Mccorkell | District Manager | 40 | $199,048 |
| Timothy White | Director | 5 | $68,066 |
| Robert Graf | Director | 10 | $66,225 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Colorado Powerline Inc | Construction Contractor | $34,989,439 |
| Saunders Construction Inc | Construction Contractor | $13,607,924 |
| Ward Electric Company | Construction Contractor | $12,673,506 |
| Powell Electrical Systems Inc | Construction Contractor | $5,836,922 |
| Saunders Norwood Construction LLC | Construction Contractor | $5,483,917 |
Grants received · $217K total
2 grants to Core Electric Cooperative totaling $217K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Energy Outreach Colorado | Energy assistance | 2024 | $79,619 |
| Energy Outreach Colorado | Energy assistance | 2023 | $137,141 |
Grants made · $225K in FY2023
21 grants totaling $225K in FY2023 — showing the 15 largest. All grants made by Core Electric Cooperative →
| Recipient | Purpose | Amount |
|---|---|---|
| Douglas County Educational Foundation | 2023 donation | $31,800 |
| Rocky Mountain Adventist Healthcare Foundation | 2023 donation | $16,000 |
| Energy Outreach Colorado | 2023 donation | $15,000 |
| Town of Parker | 2023 donation | $14,000 |
| Douglas County Community Foundation | 2023 donation | $14,000 |
| Conifer Lobos Unified Boosters | 2023 donation | $12,500 |
| The Aspen Effect Inc | 2023 donation | $12,000 |
| Parker Task Force For Human Services | 2023 donation | $10,500 |
| Rotary Club of Parker Foundation | 2023 donation | $10,200 |
| Elbert County Fair Board | 2023 donation | $10,000 |
| Junior Achievement Rocky Mountain | 2023 donation | $8,500 |
| Ccv Rotary Club of Parker Foundation | 2023 donation | $8,000 |
| Parker Senior Center Inc | 2023 donation | $7,959 |
| Lifebridge Inc | 2023 food pantry donation | $7,885 |
| Wellspring Community | 2023 donation | $7,500 |
Frequently asked questions
- Is Core Electric Cooperative a legitimate nonprofit?
- Yes. Core Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 84-0235244, based in Sedalia, Colorado.
- What is Core Electric Cooperative's EIN?
- Core Electric Cooperative's Employer Identification Number (EIN) is 84-0235244.
- How much revenue does Core Electric Cooperative report?
- Core Electric Cooperative reported $353,755,406 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Core Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Core Electric Cooperative's latest Form 990 is $753,000, paid to Jeffrey Baudier (Chief Executive Officer).
More nonprofits in Sedalia
Explore more
Data for Core Electric Cooperative (EIN 84-0235244) 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.