Holmes-wayne Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Holmes-wayne Electric Cooperative Inc is a 501(c)(12) organization based in Millersburg, Ohio, registered in 1938, with $55,904,299 in FY2024 revenue. CharityIndex grades it B.
Po Box 112, Millersburg, OH, 44654 EIN 34-0294570 Since 1938
Revenue (FY2024)
$55.9M
▲ 144.0% vs prior year
Expenses (FY2024)
$55.9M
Net assets
$51.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 Holmes-wayne Electric Cooperative 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 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 Holmes-wayne Electric Cooperative Inc: 11 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Holmes-wayne Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Holmes-wayne Electric Cooperative Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 112, Millersburg, OH, 44654
- City
- Millersburg
- State
- Ohio
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $15.0M (FY2013) to $55.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $68.0MNet assets $51.1M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$119.2M
Total liabilities
$68.0M
Net assets
$51.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $55,904,299▲144% | $55,904,299▲144% | $51,135,548▲5.5% | $119,174,503▲5.4% | 990 |
| 2023 | $22,908,427▲13.1% | $22,908,427▲13.1% | $48,480,240▲5.0% | $113,073,421▲1.1% | 990 |
| 2022 | $20,247,705▲3.1% | $20,247,705▲3.1% | $46,166,130▲2.9% | $111,892,981▲5.2% | 990 |
| 2021 | $19,641,088▲4.3% | $19,641,088▲4.3% | $44,868,698▲5.3% | $106,409,889▲3.1% | 990 |
| 2020 | $18,828,809▲8.1% | $18,828,809▲8.1% | $42,623,639▲3.9% | $103,172,928▲7.1% | 990 |
| 2019 | $17,413,190▼6.6% | $17,413,190▼6.6% | $41,025,684▲1.6% | $96,348,614▲2.4% | 990 |
| 2018 | $18,640,496▲8.8% | $18,640,496▲8.8% | $40,387,940▲7.9% | $94,129,048▲4.4% | 990 |
| 2017 | $17,136,832▲12.0% | $17,136,832▲12.0% | $37,416,069▲5.8% | $90,129,873▲3.3% | 990 |
| 2016 | $15,305,031▼5.7% | $15,305,031▼5.7% | $35,370,173 | $87,251,949▲3.1% | 990 |
| 2015 | $16,233,374▲3.1% | $16,233,374▲3.1% | $35,380,447▲4.4% | $84,616,585▲5.0% | 990 |
| 2014 | $15,749,698▲5.0% | $15,749,698▲5.0% | $33,884,627▲5.4% | $80,550,784▲2.1% | 990 |
| 2013 | $14,994,803 | $14,994,803▲1.3% | $32,143,818▲4.4% | $78,855,475▲5.0% | 990 |
| 2012 | — | $14,796,526▲7.2% | $30,786,740▲4.6% | $75,130,983▲6.7% | 990 |
| 2011 | — | $13,800,601▲19.2% | $29,427,317▲1.5% | $70,430,164▲4.3% | 990 |
| 2010 | — | $11,576,427 | $28,979,846 | $67,541,837 | 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.
Grants received · $17K total
2 grants to Holmes-wayne Electric Cooperative Inc totaling $17K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2017 | $8,448 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2016 | $8,448 |
Frequently asked questions
- Is Holmes-wayne Electric Cooperative Inc a legitimate nonprofit?
- Yes. Holmes-wayne Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 34-0294570, based in Millersburg, Ohio.
- What is Holmes-wayne Electric Cooperative Inc's EIN?
- Holmes-wayne Electric Cooperative Inc's Employer Identification Number (EIN) is 34-0294570.
- How much revenue does Holmes-wayne Electric Cooperative Inc report?
- Holmes-wayne Electric Cooperative Inc reported $55,904,299 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Holmes-wayne Electric Cooperative Inc have?
- CharityIndex grades Holmes-wayne Electric Cooperative Inc B, based on financial health (reserves and operating margin).
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Data for Holmes-wayne Electric Cooperative Inc (EIN 34-0294570) 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.