Fort Loudoun Electric Cooperative
501(c)(12)
Strong reserves
Fort Loudoun Electric Cooperative is a 501(c)(12) organization based in Vonore, Tennessee, registered in 1942, with $82,796,643 in FY2023 revenue.
Po Box 1030, Vonore, TN, 37885 EIN 62-0204106 Since 1942
Revenue (FY2023)
$82.8M
▼ 1.1% vs prior year
Expenses (FY2023)
$81.6M
Net assets
$99.2M
Employees
83
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 Fort Loudoun 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 rating15 mo reserves · +1% 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 Fort Loudoun Electric Cooperative: 15 mo reserves · +1% 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 Fort Loudoun 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 Fort Loudoun Electric Cooperative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide electricity to rural areas of monroe, loudon, and blount counties in east tennessee.
Contact & location
Financial trends
Revenue grew from $68.0M (FY2013) to $82.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $18.9MNet assets $99.2M
Operating margin
1.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$118.2M
Total liabilities
$18.9M
Net assets
$99.2M
Salaries & benefits
$6.6M
8% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $82,796,643▼1.1% | $81,568,069▲1.5% | $99,248,306▲1.5% | $118,182,207▲0.6% | 990 |
| 2022 | $83,744,387▲7.3% | $80,369,305▲10.2% | $97,811,317▲3.9% | $117,508,880▲3.8% | 990 |
| 2021 | $78,018,247▲8.3% | $72,927,655▲8.8% | $94,164,847▲5.8% | $113,234,004▲6.0% | 990 |
| 2020 | $72,041,302▲2.4% | $67,033,171▼0.6% | $89,027,130▲6.1% | $106,854,090▲4.5% | 990 |
| 2019 | $70,352,636▼1.6% | $67,417,571▼2.6% | $83,945,238▲3.6% | $102,240,946▲0.6% | 990 |
| 2018 | $71,518,971▲1.1% | $69,189,432▲1.4% | $81,046,140▲3.7% | $101,622,412▲0.2% | 990 |
| 2017 | $70,775,584▲3.4% | $68,201,799▲4.0% | $78,191,428▲3.5% | $101,416,490▲1.0% | 990 |
| 2016 | $68,472,704▲3.9% | $65,594,833▲4.9% | $75,518,683▲3.8% | $100,385,875▼0.7% | 990 |
| 2015 | $65,908,440▼3.6% | $62,553,052▼6.7% | $72,733,372▲4.9% | $101,056,960▲0.2% | 990 |
| 2014 | $68,388,447▲0.5% | $67,035,228▲4.2% | $69,339,084▲1.9% | $100,882,777▼0.3% | 990 |
| 2013 | $68,046,075 | $64,339,515▲2.6% | $68,077,565▲5.8% | $101,137,797▲1.9% | 990 |
| 2012 | — | $62,681,479▲1.9% | $64,354,005▲4.6% | $99,263,130▲1.8% | 990 |
| 2011 | — | $61,538,316▼3.9% | $61,517,642▲3.2% | $97,505,090▲0.4% | 990 |
| 2010 | — | $64,016,026 | $59,623,958 | $97,093,494 | 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: Jarrod Brackett — $191,437 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jarrod Brackett | Ceo | 55 | $191,437 |
| Robert Hunt | Foreman | 60 | $174,555 |
| Leland Chad Kirkpatrick | Vp | 45 | $169,471 |
| Michael C Webb | Cfo | 50 | $166,528 |
| Shane Schaffer | Supervisor | 56 | $165,324 |
| Phillip Teague | Foreman | 52 | $149,191 |
| Eric Gibson | Foreman | 53 | $146,977 |
| Lisa Lingerfelt | Vp | 45 | $132,462 |
| Jordan Best | Foreman | 49 | $130,339 |
| Sheila Montooth | Vp | 45 | $123,319 |
| Aaron Reagan | Journeyman Lineman | 48 | $118,476 |
| Mike Wiggins | Director | 5 | $11,310 |
| Ben Ward | Director | 5 | $11,100 |
| Denny Stephens | Director | 5 | $10,500 |
| Tom Greene | Director | 5 | $10,050 |
| Jr Pugh | Director | 5 | $9,600 |
| Lewis Jones | Director | 5 | $8,700 |
| Vernon Davis | Director | 5 | $8,550 |
| Angela Tallent | Director | 5 | $8,250 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Service Electric | Line Crew Contract | $2,526,694 |
| Strickland Tree Service | Right of Way Cutting | $1,546,876 |
| Real Tree | Right of Way Cutting | $1,422,062 |
| Brian Coada | Urd Contractor | $829,487 |
| Blount Excavating | Excavating Contractor | $547,968 |
Frequently asked questions
- Is Fort Loudoun Electric Cooperative a legitimate nonprofit?
- Yes. Fort Loudoun Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 62-0204106, based in Vonore, Tennessee.
- What is Fort Loudoun Electric Cooperative's EIN?
- Fort Loudoun Electric Cooperative's Employer Identification Number (EIN) is 62-0204106.
- How much revenue does Fort Loudoun Electric Cooperative report?
- Fort Loudoun Electric Cooperative reported $82,796,643 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Fort Loudoun Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Fort Loudoun Electric Cooperative's latest Form 990 is $191,437, paid to Jarrod Brackett (Ceo).
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Data for Fort Loudoun Electric Cooperative (EIN 62-0204106) 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.