Craighead Electric Cooperative Corporation
501(c)(12)
100% goes to programs Strong reserves
Craighead Electric Cooperative Corporation is a 501(c)(12) organization based in Jonesboro, Arkansas, registered in 1938, with $83,786,373 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
4314 Stadium Blvd, Jonesboro, AR, 72404 EIN 71-0039695 Since 1938
Revenue (FY2024)
$83.8M
▲ 3.9% vs prior year
Expenses (FY2024)
$83.8M
Net assets
$139.7M
Employees
133
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 Craighead Electric Cooperative Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating20 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 Craighead Electric Cooperative Corporation: 20 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 Craighead Electric Cooperative Corporation: 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 Craighead Electric Cooperative Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide electric power to rural areas.
Contact & location
Financial trends
Revenue grew from $56.1M (FY2013) to $83.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $204.1MNet assets $139.7M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$343.8M
Total liabilities
$204.1M
Net assets
$139.7M
Salaries & benefits
$11.5M
14% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $83,786,373▲3.9% | $83,786,373▲3.9% | $139,686,488▲10.1% | $343,789,155▲1.6% | 990 |
| 2023 | $80,605,393▲0.4% | $80,605,393▲0.4% | $126,889,807▲3.0% | $338,329,297▲5.4% | 990 |
| 2022 | $80,274,486▼2.7% | $80,274,486▼5.1% | $123,189,042▲5.7% | $321,117,191▲3.3% | 990 |
| 2021 | $82,491,659▲20.8% | $84,604,736▲22.4% | $116,496,004▲2.8% | $310,856,675▲5.4% | 990 |
| 2020 | $68,313,836▲10.9% | $69,140,563▲12.2% | $113,331,567 | $294,915,413▲19.5% | 990 |
| 2019 | $61,621,833▼10.9% | $61,621,833▼10.9% | $113,305,848▲1.6% | $246,865,296▲10.7% | 990 |
| 2018 | $69,195,844▲15.5% | $69,195,844▲15.5% | $111,543,774▲8.9% | $222,953,333▲4.0% | 990 |
| 2017 | $59,927,028▲2.9% | $59,927,028▲2.9% | $102,442,156▲2.2% | $214,276,215▲4.6% | 990 |
| 2016 | $58,228,940▲4.2% | $58,228,940▲4.2% | $100,263,062▲4.5% | $204,936,373▲5.6% | 990 |
| 2015 | $55,898,078▼7.3% | $55,898,078▼7.3% | $95,975,632▲1.8% | $193,980,589▼0.1% | 990 |
| 2014 | $60,329,815▲7.6% | $60,329,815▲7.6% | $94,321,703▲4.9% | $194,210,335▲2.0% | 990 |
| 2013 | $56,088,061 | $56,088,061▲3.4% | $89,912,568▲5.5% | $190,384,839▲1.1% | 990 |
| 2012 | — | $54,222,417▲5.2% | $85,236,291▲4.9% | $188,405,993▲9.8% | 990 |
| 2011 | — | $51,561,972▲13.4% | $81,218,479▲2.6% | $171,643,726▲3.2% | 990 |
| 2010 | — | $45,467,684 | $79,163,172 | $166,396,654 | 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: Jeremiah Sloan — $359,864 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeremiah Sloan | Ceo | — | $359,864 |
| Keith Blocker | Vp of Engine | 50 | $243,663 |
| Justin Etter | Ceo | 50 | $172,531 |
| Michael Bowers | Vp of Operat | 50 | $168,774 |
| Mindy Smith | Cfo | 50 | $168,418 |
| Brittney Mcnamee | Cao | 50 | $161,723 |
| Tosh Manning | Journeyman L | 50 | $143,372 |
| Daniel Flowers | Vp of Safety | 50 | $123,007 |
| Lindsey Bowman | Vp of Market | 50 | $116,549 |
| Mark A Miller | Vp of Operat | — | $105,393 |
| Keith Mosbey | Director | 7.58 | $26,121 |
| Dwight England | Director | 6.56 | $24,747 |
| Steve Kueter | Director | 3.67 | $24,521 |
| Len Nall | Director | 5.23 | $19,681 |
| Bobby Wade | Director | 8.56 | $15,861 |
| Terry Rorex | Director | 9.34 | $15,725 |
| Bill Elliot Jr | Director | 4.98 | $15,721 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Southern Electric Corporation | Line Building | $2,038,267 |
| Riggs Tree Service | Row | $1,270,197 |
| D & H Contracting Inc | Contracting | $1,236,230 |
| Davey Resource Group | Gps Audit | $1,114,171 |
| Alliance Utilities Inc | Trenching | $523,823 |
Frequently asked questions
- Is Craighead Electric Cooperative Corporation a legitimate nonprofit?
- Yes. Craighead Electric Cooperative Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 71-0039695, based in Jonesboro, Arkansas.
- What is Craighead Electric Cooperative Corporation's EIN?
- Craighead Electric Cooperative Corporation's Employer Identification Number (EIN) is 71-0039695.
- How much revenue does Craighead Electric Cooperative Corporation report?
- Craighead Electric Cooperative Corporation reported $83,786,373 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Craighead Electric Cooperative Corporation's spending goes to programs?
- Craighead Electric Cooperative Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Craighead Electric Cooperative Corporation have?
- CharityIndex grades Craighead Electric Cooperative Corporation A+, based on program efficiency and fundraising cost.
- How much does Craighead Electric Cooperative Corporation's highest-paid employee make?
- The highest reported compensation on Craighead Electric Cooperative Corporation's latest Form 990 is $359,864, paid to Jeremiah Sloan (Ceo).
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Data for Craighead Electric Cooperative Corporation (EIN 71-0039695) 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.