Cullman Electric Cooperative
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Cullman Electric Cooperative is a 501(c)(12) organization based in Cullman, Alabama, registered in 1941, with $167,943,353 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 1168, Cullman, AL, 35056 EIN 63-0052772 Since 1941
Revenue (FY2024)
$167.9M
▲ 11.5% vs prior year
Expenses (FY2024)
$167.9M
Net assets
$149.1M
Employees
140
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 Cullman Electric Cooperative: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 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 Cullman Electric Cooperative: 11 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 Cullman 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 Cullman Electric Cooperative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Cullman electric cooperative's mission is to provide electric service to its members.
Contact & location
Financial trends
Revenue grew from $110.1M (FY2013) to $167.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $191.0MNet assets $149.1M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$340.1M
Total liabilities
$191.0M
Net assets
$149.1M
Salaries & benefits
$1.0M
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $167,943,353▲11.5% | $167,943,353▲11.5% | $149,088,917▲7.4% | $340,062,839▲12.0% | 990 |
| 2023 | $150,626,956▲3.8% | $150,626,956▲3.8% | $138,789,502▲4.4% | $303,612,808▲9.7% | 990 |
| 2022 | $145,062,218▲11.8% | $145,062,218▲11.8% | $132,975,767▲3.0% | $276,811,469▲8.1% | 990 |
| 2021 | $129,698,192▲8.8% | $129,698,192▲13.6% | $129,100,462▲4.4% | $256,114,342▲10.7% | 990 |
| 2020 | $119,158,465▲1.6% | $114,213,338▼0.4% | $123,662,546▲4.0% | $231,310,688▲8.3% | 990 |
| 2019 | $117,305,438▼3.9% | $114,680,006▼1.5% | $118,879,210▲2.7% | $213,524,671▲0.7% | 990 |
| 2018 | $122,087,612▲1.9% | $116,426,374▲1.0% | $115,763,134▲5.1% | $212,014,988▲2.8% | 990 |
| 2017 | $119,843,246▲3.7% | $115,307,129▲4.2% | $110,096,686▲4.5% | $206,304,242▲2.1% | 990 |
| 2016 | $115,561,460▲4.6% | $110,620,734▲4.2% | $105,317,482▲4.9% | $202,022,718▲4.4% | 990 |
| 2015 | $110,502,860▼4.5% | $106,140,787▼4.8% | $100,404,942▲4.5% | $193,555,570▲3.0% | 990 |
| 2014 | $115,662,800▲5.1% | $111,472,744▲6.6% | $96,059,737▲6.9% | $188,007,449▲2.8% | 990 |
| 2013 | $110,101,180 | $104,558,120▲1.3% | $89,860,078▲6.5% | $182,929,740▲4.7% | 990 |
| 2012 | — | $103,183,153▼8.6% | $84,351,915▲6.7% | $174,780,854▲1.7% | 990 |
| 2011 | — | $112,866,249▲11.1% | $79,047,831▲18.0% | $171,855,087▲9.4% | 990 |
| 2010 | — | $101,546,488 | $66,989,613 | $157,071,235 | 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: Tim Culpepper — $375,081 (0.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tim Culpepper | Ceo | 45 | $375,081 |
| Justin Lee | Coo | 45 | $201,523 |
| Ernie Geisen | Working Foreman | 45 | $177,398 |
| Daniel Stricklin | Vice President of Information Services | 45 | $175,613 |
| Mark Freeman | Vice President of Network Operations | 45 | $170,110 |
| Wade Yarbrough | Vice President of Operations & Field Service | 45 | $169,235 |
| Terry Graham | Manager of Key Accounts & Meter Services | 45 | $160,857 |
| Matt Schlosser | Cfo | 45 | $133,888 |
| Robert Tidwell | Chairperson | 1 | $22,200 |
| Chad Alexander | Treasurer | 2 | $21,600 |
| Daryl Calvert | Trustee | 2 | $21,600 |
| David Hembree | Trustee | 4 | $21,600 |
| James Fields | Vice Chairperson | 3 | $21,600 |
| Lisa Weeks | Trustee | 2 | $21,600 |
| Lynda Carter | Secretary | 2 | $21,600 |
| Phillip Garrison | Trustee | 2 | $21,600 |
| Sheila Sizemore | Trustee | 3 | $10,440 |
| Trina Walker | Trustee | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Zeal Communications LLC | Fiber Construction | $5,808,818 |
| Utility Lines Construction Services Inc | Overhead Utility Construction | $3,366,460 |
| J&j Fiber Contracting LLC | Fiber Construction | $2,783,668 |
| On Trac Inc | Fiber Construction | $2,013,206 |
| Asplundh | Right of Way Clearing | $1,950,599 |
Grants received · $25K total
1 grant to Cullman Electric Cooperative totaling $25K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2015 | $25,000 |
Frequently asked questions
- Is Cullman Electric Cooperative a legitimate nonprofit?
- Yes. Cullman Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 63-0052772, based in Cullman, Alabama.
- What is Cullman Electric Cooperative's EIN?
- Cullman Electric Cooperative's Employer Identification Number (EIN) is 63-0052772.
- How much revenue does Cullman Electric Cooperative report?
- Cullman Electric Cooperative reported $167,943,353 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Cullman Electric Cooperative's spending goes to programs?
- Cullman Electric Cooperative spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Cullman Electric Cooperative have?
- CharityIndex grades Cullman Electric Cooperative A+, based on program efficiency and fundraising cost.
- How much does Cullman Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Cullman Electric Cooperative's latest Form 990 is $375,081, paid to Tim Culpepper (Ceo).
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Data for Cullman Electric Cooperative (EIN 63-0052772) 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.