Dixie Electric Cooperative
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Dixie Electric Cooperative is a 501(c)(12) organization based in Montgomery, Alabama, registered in 1943, with $88,254,655 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 242189, Montgomery, AL, 36124 EIN 63-0059155 Since 1943
Revenue (FY2024)
$88.3M
▲ 9.2% vs prior year
Expenses (FY2024)
$83.1M
Net assets
$79.5M
Employees
97
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 Dixie Electric Cooperative: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +6% 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 Dixie Electric Cooperative: 11 mo reserves · +6% 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 Dixie Electric Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Dixie Electric Cooperative: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Dixie electric cooperative is committed to safely providing its member- owners with economical and reliable electric power and related services.
What they do
Allocation of trustee and key employee salary expenses.
Contact & location
- Address
- Po Box 242189, Montgomery, AL, 36124
- City
- Montgomery
- State
- Alabama
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $58.7M (FY2013) to $88.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $95.9MNet assets $79.5M
Operating margin
5.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$175.4M
Total liabilities
$95.9M
Net assets
$79.5M
Salaries & benefits
$1.8M
2% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $88,254,655▲9.2% | $83,084,831▲7.8% | $79,503,411▲10.2% | $175,433,879▲2.6% | 990 |
| 2023 | $80,816,986▲7.2% | $77,045,769▲4.2% | $72,112,827▲5.7% | $171,024,876▲8.5% | 990 |
| 2022 | $75,421,397▲13.8% | $73,943,824▲14.5% | $68,197,288▲2.9% | $157,673,539▲0.8% | 990 |
| 2021 | $66,291,723▲5.7% | $64,561,423▲4.8% | $66,267,147▲0.7% | $156,438,458▼0.1% | 990 |
| 2020 | $62,695,106▼2.6% | $61,606,519▼3.7% | $65,813,680▲1.9% | $156,570,135▲7.5% | 990 |
| 2019 | $64,393,158▲1.6% | $64,004,061▲2.8% | $64,581,294▲1.3% | $145,582,396▲0.8% | 990 |
| 2018 | $63,370,508▲3.8% | $62,240,007▲5.4% | $63,770,934▲2.8% | $144,355,521▲3.5% | 990 |
| 2017 | $61,047,114▼1.6% | $59,036,509▲0.2% | $62,019,253▲3.1% | $139,487,887▲2.5% | 990 |
| 2016 | $62,045,792▲1.6% | $58,946,418▲1.8% | $60,147,695▲6.3% | $136,045,219▲5.4% | 990 |
| 2015 | $61,091,357▼1.3% | $57,917,247▼1.9% | $56,558,557▲6.1% | $129,100,047▲1.8% | 990 |
| 2014 | $61,865,258▲5.5% | $59,054,625▲8.9% | $53,285,879▲5.6% | $126,759,525▲12.9% | 990 |
| 2013 | $58,652,823 | $54,209,101▲2.3% | $50,461,696▲10.1% | $112,283,120▲9.9% | 990 |
| 2012 | — | $52,978,953▼2.2% | $45,843,984▲7.9% | $102,178,706▲1.3% | 990 |
| 2011 | — | $54,144,307▼1.2% | $42,470,171▲10.8% | $100,891,932▲2.4% | 990 |
| 2010 | — | $54,783,107 | $38,314,788 | $98,479,979 | 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: Gary Harrison — $417,723 (0.50% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Gary Harrison | Ceo/general | 50 | $417,723 |
| Brandon Johnson | Vp-engineeri | 50 | $239,499 |
| Ernie Faulkner | Vp-marketing | 60 | $210,345 |
| Mike Barlow | Cfo | 50 | $198,556 |
| Brent Moffett | Vp-external | 25 | $195,616 |
| Houston Fuqua | District For | 50 | $161,741 |
| Stephen Brown | It Manager | 48 | $158,426 |
| Andrew Callaway | Trustee | 6 | $36,500 |
| Tom James | Chairman | 6 | $35,250 |
| Jimmy Ellis | Vice Chairma | 6 | $34,500 |
| Albert J Perry | Trustee | 4 | $28,000 |
| Thomas Ellis | Trustee | 3 | $27,000 |
| John P Livings | Trustee | 3 | $24,000 |
| Helena Duncan | Secretary/tr | 3 | $22,250 |
| James Sikes | Trustee | 2 | $21,500 |
| Kim Jackson | Trustee | 2 | $18,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Meridian | Comp. Support | $929,083 |
| Harper Electrical Construction | Construction | $728,091 |
| South States Electric | Pole Changes | $582,030 |
| Htc LLC | Row Clearing | $571,720 |
| Powergrid Services | Boring | $316,925 |
Grants received · $50K total
2 grants to Dixie Electric Cooperative totaling $50K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2017 | $25,000 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2016 | $25,000 |
Frequently asked questions
- Is Dixie Electric Cooperative a legitimate nonprofit?
- Yes. Dixie Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 63-0059155, based in Montgomery, Alabama.
- What is Dixie Electric Cooperative's EIN?
- Dixie Electric Cooperative's Employer Identification Number (EIN) is 63-0059155.
- How much revenue does Dixie Electric Cooperative report?
- Dixie Electric Cooperative reported $88,254,655 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Dixie Electric Cooperative's spending goes to programs?
- Dixie Electric Cooperative spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Dixie Electric Cooperative have?
- CharityIndex grades Dixie Electric Cooperative A+, based on program efficiency and fundraising cost.
- How much does Dixie Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Dixie Electric Cooperative's latest Form 990 is $417,723, paid to Gary Harrison (Ceo/general).
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Explore more
Data for Dixie Electric Cooperative (EIN 63-0059155) 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.