Gulf Coast Electric Coop Inc
Strong reserves Growing revenue
Gulf Coast Electric Coop Inc is a 501(c)(12) organization based in Wewahitchka, Florida, registered in 1958, with $76,127,715 in FY2024 revenue.
Po Box 220, Wewahitchka, FL, 32465 EIN 59-0543772 Since 1958
Revenue (FY2024)
$76.1M
▲ 17.4% vs prior year
Membership median: $185K
Expenses (FY2024)
$64.1M
Net assets
$89.7M
Employees
122
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 Gulf Coast Electric Coop Inc— 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 rating17 mo reserves · +16% 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 Gulf Coast Electric Coop Inc: 17 mo reserves · +16% 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 Gulf Coast Electric Coop Inc: 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 Gulf Coast Electric Coop Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Providing electric sales to members.
Contact & location
- Address
- Po Box 220, Wewahitchka, FL, 32465
- City
- Wewahitchka
- State
- Florida
- Category
- Mutual & Membership Benefit
- Subcategory
- Insurance Providers
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $46.8M (FY2013) to $76.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $179.4MNet assets $89.7M
Operating margin
15.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$269.1M
Total liabilities
$179.4M
Net assets
$89.7M
Salaries & benefits
$2.0M
3% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $76,127,715▲17.4% | $64,119,018▲6.4% | $89,732,929▲15.6% | $269,147,728▲10.2% | 990 |
| 2023 | $64,847,113▲10.6% | $60,240,049▲9.3% | $77,640,187▲6.2% | $244,338,633▲4.4% | 990 |
| 2022 | $58,628,084▼0.4% | $55,115,909▲12.2% | $73,118,206▲5.0% | $234,149,331▲4.4% | 990 |
| 2021 | $58,878,465▲6.9% | $49,114,306▲4.1% | $69,614,909▲16.2% | $224,365,619▼14.8% | 990 |
| 2020 | $55,070,890▲8.2% | $47,176,519▼3.0% | $59,888,222▲15.1% | $263,318,355▲3.4% | 990 |
| 2019 | $50,893,126▲4.7% | $48,656,522▲6.2% | $52,038,979▲3.7% | $254,687,927▼2.5% | 990 |
| 2018 | $48,596,277▲1.2% | $45,836,641▼0.3% | $50,160,374▲5.2% | $261,191,257▲57.6% | 990 |
| 2017 | $48,016,969▲1.4% | $45,965,531▲3.7% | $47,664,931▲4.7% | $165,691,196▲3.2% | 990 |
| 2016 | $47,364,682▼1.7% | $44,322,432▼0.9% | $45,530,188▲6.7% | $160,498,308▼0.1% | 990 |
| 2015 | $48,174,167▼1.0% | $44,705,793▼2.8% | $42,662,665▲7.9% | $160,614,950▲4.6% | 990 |
| 2014 | $48,656,556▲4.0% | $46,009,507▲4.3% | $39,552,537▲5.9% | $153,580,985▲0.7% | 990 |
| 2013 | $46,790,939 | $44,120,446▲2.2% | $37,340,721▲6.8% | $152,531,901▲0.8% | 990 |
| 2012 | — | $43,189,519▼0.1% | $34,949,824▲12.2% | $151,304,966▲8.0% | 990 |
| 2011 | — | $43,225,957▼1.2% | $31,136,903▲13.7% | $140,152,140▲41.0% | 990 |
| 2010 | — | $43,735,473 | $27,382,738 | $99,422,001 | 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: John M Bartley Jr — $382,417 (0.60% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John M Bartley Jr | Ceo | 45 | $382,417 |
| Leonard Hinson | Coo | 45 | $315,861 |
| Justin Barnes | Vp of Member Service | 45 | $174,305 |
| Kristin Douglas | Vp of Marketing | 40 | $138,135 |
| William Coatney | Inspector | 40 | $134,067 |
| Michael Barfield | Training Coordinator | 40 | $131,337 |
| Chad Creamer | Foreman of Construction | 40 | $128,570 |
| Timothy Wade | Operations Supervisr | 40 | $128,189 |
| Dwight Van Lierop | President | 2.5 | $19,900 |
| Edward W Jones | Board Director | 2.5 | $19,850 |
| Rupert L Brown | Board Director | 2.5 | $18,850 |
| Jimmy F Black Jr | Treasurer | 2.5 | $17,800 |
| Donald C Goodson | Board Director | 2.5 | $15,700 |
| Douglas C Birmingham | Board Director | 2.5 | $15,700 |
| Betty J Moore | Vice President | 2.5 | $13,950 |
| Robert L Byrd | Board Director | 2.5 | $13,950 |
| Kinneth Daniels | Board Director | 2.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lee Electrical Construction Inc | Line Construction | $5,675,672 |
| Dewberry Engineers Inc | Consulting | $1,652,284 |
| Extreme Land Clearing & Excavation LLC | Water Infrastructure Construction | $1,469,633 |
| Cinch Underground Inc | Directional Drilling | $1,375,964 |
| Gds Associates Inc | Consulting | $1,062,690 |
Grants received · $122K total
1 grant to Gulf Coast Electric Coop Inc totaling $122K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2020 | $122,154 |
Grants made · $6,281 in FY2020
1 grant totaling $6,281 in FY2020. All grants made by Gulf Coast Electric Coop Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| West Florida Livestock Association | General support | $6,281 |
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Frequently asked questions
- Is Gulf Coast Electric Coop Inc a legitimate nonprofit?
- Yes. Gulf Coast Electric Coop Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 59-0543772, based in Wewahitchka, Florida.
- What is Gulf Coast Electric Coop Inc's EIN?
- Gulf Coast Electric Coop Inc's Employer Identification Number (EIN) is 59-0543772.
- How much revenue does Gulf Coast Electric Coop Inc report?
- Gulf Coast Electric Coop Inc reported $76,127,715 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Gulf Coast Electric Coop Inc's highest-paid employee make?
- The highest reported compensation on Gulf Coast Electric Coop Inc's latest Form 990 is $382,417, paid to John M Bartley Jr (Ceo).
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Data for Gulf Coast Electric Coop Inc (EIN 59-0543772) 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.