Holston Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves
Holston Electric Cooperative Inc is a 501(c)(12) organization based in Rogersville, Tennessee, registered in 1943, with $110,216,626 in FY2024 revenue. CharityIndex grades it A.
1200 W Main St, Rogersville, TN, 37857 EIN 62-0238497 Since 1943
Revenue (FY2024)
$110.2M
▲ 8.7% vs prior year
Expenses (FY2024)
$110.2M
Net assets
$112.5M
Employees
107
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 Holston 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 rating12 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 Holston Electric Cooperative Inc: 12 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Holston Electric Cooperative Inc: 5 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 Holston Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
At holston electric cooperative, our mission is to provide safe, dependable electric service to our member-owners at a reasonable cost.
What they do
Holston electric cooperative operates it's wholly owned subsidiary, holstonconnect, llc, to provide rural broadband services (internet, telephone and televison) to the current footprint of the electric cooperative. the most recent customer count is approximately 14,000 customers.
Contact & location
- Address
- 1200 W Main St, Rogersville, TN, 37857
- City
- Rogersville
- State
- Tennessee
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $72.2M (FY2015) to $110.2M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $46.2MNet assets $112.5M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$158.7M
Total liabilities
$46.2M
Net assets
$112.5M
Salaries & benefits
$813K
1% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $110,216,626▲8.7% | $110,216,626▲8.7% | $112,506,891▲7.7% | $158,742,986▲6.3% | 990 |
| 2023 | $101,432,047▼2.2% | $101,432,047▼2.2% | $104,420,461▲7.2% | $149,358,074▲4.2% | 990 |
| 2022 | $103,748,257▲5.9% | $103,748,257▲6.4% | $97,383,951▲6.9% | $143,343,428▲2.1% | 990 |
| 2021 | $97,958,544▲10.7% | $97,507,317▲11.1% | $91,135,859▲9.6% | $140,432,181▲5.2% | 990 |
| 2020 | $88,497,952▲9.3% | $87,795,569▲7.7% | $83,125,400▲10.3% | $133,452,137▲14.7% | 990 |
| 2019 | $80,989,721▲1.5% | $81,486,477▲1.3% | $75,395,087▲3.3% | $116,352,555▲14.0% | 990 |
| 2018 | $79,823,489▲2.9% | $80,454,225▲3.7% | $73,003,470▲4.0% | $102,063,238▲15.0% | 990 |
| 2017 | $77,575,203▲4.0% | $77,575,203▲4.0% | $70,224,853▲4.0% | $88,765,863▲3.2% | 990 |
| 2016 | $74,583,232▲3.3% | $74,583,232▲3.3% | $67,527,671▲1.1% | $86,021,025▲1.5% | 990 |
| 2015 | $72,188,057 | $72,188,057 | $66,797,212 | $84,764,183 | 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: James B Sandlin — $351,713 (0.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| James B Sandlin | General Manager | 55 | $351,713 |
| Shannon Bellamy | Director of Finance and Hu | 50 | $210,217 |
| Nathan Franklin | Director of Engineering | 50 | $173,311 |
| James Glenn Risner | Foreman | 50 | $164,335 |
| Renn Lawson | Foreman | 50 | $160,392 |
| Sammy W Trent | Director of Broadband Operations | 50 | $155,056 |
| Rex Cole | Foreman | 50 | $146,324 |
| Mark Derrick | Director | 8.4 | $19,425 |
| Phil Barrett | Director/vice President | 4.6 | $15,925 |
| David Marshall | Director/secretary/treasur | 5.1 | $15,725 |
| Crystal Price | Director | 5.1 | $15,175 |
| Gordell Ely | Director | 4.5 | $14,275 |
| Jeff Ringley | Director/president | 3.6 | $12,275 |
| Jerry Horner | Director | 3.2 | $11,150 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Carpenter's Pro Tree Service Inc | Tree Trimming | $2,079,392 |
| Couch-price Tree Service | Tree Trimming | $1,930,697 |
| Premier Comm Technologies | Fiber Construction | $1,660,385 |
| Galloway Construction | Electric Line Construction | $1,522,839 |
| Lutrell Staffing Group | Staffing Agency | $433,352 |
Frequently asked questions
- Is Holston Electric Cooperative Inc a legitimate nonprofit?
- Yes. Holston Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 62-0238497, based in Rogersville, Tennessee.
- What is Holston Electric Cooperative Inc's EIN?
- Holston Electric Cooperative Inc's Employer Identification Number (EIN) is 62-0238497.
- How much revenue does Holston Electric Cooperative Inc report?
- Holston Electric Cooperative Inc reported $110,216,626 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Holston Electric Cooperative Inc have?
- CharityIndex grades Holston Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Holston Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Holston Electric Cooperative Inc's latest Form 990 is $351,713, paid to James B Sandlin (General Manager).
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Explore more
Data for Holston Electric Cooperative Inc (EIN 62-0238497) 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.