Horry Electric Cooperative Inc
Strong reserves Growing revenue
Horry Electric Cooperative Inc is a 501(c)(12) organization based in Conway, South Carolina, registered in 1942, with $215,739,609 in FY2024 revenue.
Po Box 119, Conway, SC, 29528 EIN 57-0184136 Since 1942
Revenue (FY2024)
$215.7M
▲ 6.0% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$215.7M
Net assets
$221.7M
Employees
203
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 Horry 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 Horry Electric Cooperative Inc: 12 mo reserves · +0% 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 Horry Electric Cooperative 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 Horry Electric Cooperative 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
Horry electric cooperative, inc. is a non-profit, member-owned organization providing information and energy-related services on a fair and equitable basis.
What they do
Horry electric cooperative, inc. is a non-profit, member-owned organization providing information and energy-related services on a fair and equitable basis.
Contact & location
- Address
- Po Box 119, Conway, SC, 29528
- City
- Conway
- State
- South Carolina
- Category
- Public & Societal Benefit
- Subcategory
- Public Utilities
- Phone
- …
Financial trends
Revenue grew from $144.1M (FY2013) to $215.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $257.4MNet assets $221.7M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$479.1M
Total liabilities
$257.4M
Net assets
$221.7M
Salaries & benefits
$772K
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $215,739,609▲6.0% | $215,739,609▲6.0% | $221,745,724▲4.9% | $479,146,872▲4.3% | 990 |
| 2023 | $203,480,097▲10.7% | $203,480,097▲10.7% | $211,455,115▲4.0% | $459,257,637▲5.0% | 990 |
| 2022 | $183,800,746▲5.0% | $183,800,746▲5.0% | $203,275,347▲1.1% | $437,222,676▲8.8% | 990 |
| 2021 | $174,982,022▲2.7% | $174,982,022▲2.7% | $201,032,307▲4.4% | $401,901,252▲9.9% | 990 |
| 2020 | $170,342,849▼2.0% | $170,342,849▼2.0% | $192,495,267▲13.8% | $365,534,006▲9.0% | 990 |
| 2019 | $173,828,705▼3.5% | $173,828,705▼3.5% | $169,117,109▲18.5% | $335,498,328▲5.3% | 990 |
| 2018 | $180,090,688▲7.8% | $180,090,688▲7.8% | $142,712,801▲4.3% | $318,634,805▲1.2% | 990 |
| 2017 | $166,989,743▲4.3% | $166,989,743▲4.3% | $136,846,169▲12.0% | $314,967,691▲4.6% | 990 |
| 2016 | $160,141,777▲1.3% | $160,141,777▲1.3% | $122,185,752▲11.9% | $301,192,638▲1.1% | 990 |
| 2015 | $158,071,381▲1.4% | $158,071,381▲1.4% | $109,225,488▲12.9% | $297,985,500▲3.6% | 990 |
| 2014 | $155,935,677▲8.2% | $155,935,677▲8.2% | $96,779,516▲13.8% | $287,549,900▲1.9% | 990 |
| 2013 | $144,061,204 | $144,061,204▲6.4% | $85,033,902▲6.7% | $282,310,894▲0.7% | 990 |
| 2012 | — | $135,335,855▲3.2% | $79,695,109▲8.7% | $280,381,029▲0.2% | 990 |
| 2011 | — | $131,184,231▲1.2% | $73,335,191▲8.3% | $279,706,026▲1.3% | 990 |
| 2010 | — | $129,656,622 | $67,742,394 | $276,036,207 | 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: Daniel B Shelley — $393,580 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel B Shelley | Ceo | 50 | $393,580 |
| J Reed Cooper | Manager-eng. | 50 | $227,145 |
| Kisha Roberts | Cfo | 50 | $191,261 |
| Burroughs W Nobles | Manager of O | 50 | $191,236 |
| Christopher Teems | Mgr-special | 50 | $190,354 |
| Kevin Jordan | Supvr Engine | 50 | $189,874 |
| James P Howle | Former Ceo | — | $140,829 |
| Eugene Harriott Jr | Vice Preside | 12.46 | $32,021 |
| Jody Prince | Trustee | 7.92 | $31,555 |
| Ronald H Floyd | Trustee | 11.19 | $25,850 |
| Freddy Thompkins | Trustee | 8.42 | $23,784 |
| Frankie Blanton Sr | Trustee | 9.92 | $21,098 |
| Aaron Johnson | Trustee | 10.19 | $16,843 |
| Elaine Gore | Trustee | 8.23 | $15,671 |
| Clyde Ashley Anderson | Sec/treasure | 8.15 | $14,591 |
| Johnny Shelley | President | 9.48 | $14,170 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lee Electrical Construction Inc | Construction | $4,848,921 |
| Xylem Tree Experts | Row | $2,121,607 |
| Davis Construction Utilities | Construction | $765,402 |
| Down Under Direction Boring | Ug Boring | $748,951 |
| River City Construction Inc | Construction | $604,743 |
Grants received · $130K total
2 grants to Horry Electric Cooperative Inc totaling $130K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Electric Power Cooperative Inc | Economic development | 2024 | $100,000 |
| Central Electric Power Cooperative Inc | Economic development | 2022 | $30,000 |
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Frequently asked questions
- Is Horry Electric Cooperative Inc a legitimate nonprofit?
- Yes. Horry Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 57-0184136, based in Conway, South Carolina.
- What is Horry Electric Cooperative Inc's EIN?
- Horry Electric Cooperative Inc's Employer Identification Number (EIN) is 57-0184136.
- How much revenue does Horry Electric Cooperative Inc report?
- Horry Electric Cooperative Inc reported $215,739,609 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Horry Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Horry Electric Cooperative Inc's latest Form 990 is $393,580, paid to Daniel B Shelley (Ceo).
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Data for Horry Electric Cooperative Inc (EIN 57-0184136) 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.