Jo-carrol Energy Inc Nfp
501(c)(12)
Only null% goes to programs Strong reserves
Jo-carrol Energy Inc Nfp is a 501(c)(12) organization based in Elizabeth, Illinois, registered in 1943, with $70,269,716 in FY2024 revenue. CharityIndex grades it A.
793 Us Route 20 West, Elizabeth, IL, 61028 EIN 36-1284865 Since 1943
Revenue (FY2024)
$70.3M
▲ 6.3% vs prior year
Expenses (FY2024)
$70.2M
Net assets
$43.1M
Employees
156
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 Jo-carrol Energy Inc Nfp— 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 rating7 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 Jo-carrol Energy Inc Nfp: 7 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 Jo-carrol Energy Inc Nfp: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Jo-carrol Energy Inc Nfp: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Jo-carroll energy, inc. (nfp) is an electric, natural gas, and broadband/fiber distribution cooperative that exists to enhance the quality of life for our memebers.
Contact & location
Financial trends
Revenue held steady from $69.8M (FY2014) to $70.3M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $188.6MNet assets $43.1M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$231.7M
Total liabilities
$188.6M
Net assets
$43.1M
Salaries & benefits
$16.4M
23% of expenses
Board members
10
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $70,269,716▲6.3% | $70,244,003▲6.5% | $43,079,854▲1.6% | $231,718,768▲22.6% | 990 |
| 2023 | $66,110,466▲0.1% | $65,931,967▼1.0% | $42,403,937▲4.5% | $189,072,042▲13.4% | 990 |
| 2022 | $66,042,694▲5.7% | $66,631,163▲5.5% | $40,566,247▲5.9% | $166,773,401▲7.1% | 990 |
| 2021 | $62,457,846▲2.5% | $63,134,467▲2.4% | $38,304,664▲4.3% | $155,735,494▲4.4% | 990 |
| 2020 | $60,957,486▼2.1% | $61,629,658▼1.8% | $36,711,304▼0.5% | $149,104,587▼1.2% | 990 |
| 2019 | $62,280,134▲1.9% | $62,782,351▲1.6% | $36,886,531▲5.1% | $150,986,166▼2.3% | 990 |
| 2018 | $61,113,191▼5.0% | $61,810,017▼3.8% | $35,080,437▲6.1% | $154,482,531▲14.4% | 990 |
| 2017 | $64,305,409▲1.1% | $64,261,246▲1.2% | $33,050,235▲3.4% | $135,020,341▼0.6% | 990 |
| 2016 | $63,611,257▼3.4% | $63,524,788▼3.8% | $31,959,117▲8.4% | $135,779,550▲5.5% | 990 |
| 2015 | $65,883,505▼5.6% | $66,019,153▼4.3% | $29,470,138▲9.3% | $128,688,559▲2.1% | 990 |
| 2014 | $69,778,542 | $68,968,190 | $26,951,982 | $126,052,132 | 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: Michael Casper — $373,979 (0.53% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Casper | President & Ceo | 40 | $373,979 |
| Kyle J Buros | Sr. Vp & Coo | 40 | $222,282 |
| Charles Woods | Vice President & Cfo | 40 | $196,796 |
| Terry E Kurt | General Counsel | 40 | $189,878 |
| Bradley J Edler | Director of Utility Operations | 40 | $176,295 |
| Brandon L Sebena | Director of Utility Operations | 40 | $174,713 |
| Jennifer L Meyer | Vp of Cooperative Services | 40 | $171,663 |
| Meredith A Sevey | Vp of Human Resources | 40 | $171,159 |
| Jesse Ann Shekleton | Director of Broadband Operations | 40 | $170,644 |
| David H Senn | Chairman | 14 | $28,835 |
| Larry Carroll | Director | 8 | $22,910 |
| Gerald J Meyer | Director | 10 | $20,960 |
| Daniel F Tindell | Secretary | 8 | $18,565 |
| Thomas Lundy | Director | 6 | $17,380 |
| Joseph Mattingley | Director | 7 | $15,800 |
| Allen F Hendren | Director | 7 | $15,095 |
| Robert Austin Kuhns | Treasurer | 16 | $13,035 |
| Patricia A Smith | Director | 7 | $11,060 |
| Russell Holesinger | Pt Yr Vice Chairman | 7 | $5,925 |
| Ted James | Director | 7 | $4,085 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wolf Line Construction Co | Fiber Construction | $10,929,848 |
| Vantage Point Solutions Inc | Consulting/engineering | $2,919,660 |
| Jj Vondrum & Sons LLC | Fiber Construction | $2,494,700 |
| Zielies Tree Service Inc | Right of Way Clearing | $2,316,943 |
| Bkw Services Inc | Fiber Construction | $1,428,428 |
Grants made · $114K in FY2022
1 grant totaling $114K in FY2022. All grants made by Jo-carrol Energy Inc Nfp →
| Recipient | Purpose | Amount |
|---|---|---|
| Tri- County Economic Development Alliance Inc | Economic development | $114,000 |
Frequently asked questions
- Is Jo-carrol Energy Inc Nfp a legitimate nonprofit?
- Yes. Jo-carrol Energy Inc Nfp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 36-1284865, based in Elizabeth, Illinois.
- What is Jo-carrol Energy Inc Nfp's EIN?
- Jo-carrol Energy Inc Nfp's Employer Identification Number (EIN) is 36-1284865.
- How much revenue does Jo-carrol Energy Inc Nfp report?
- Jo-carrol Energy Inc Nfp reported $70,269,716 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Jo-carrol Energy Inc Nfp have?
- CharityIndex grades Jo-carrol Energy Inc Nfp A, based on financial health (reserves and operating margin).
- How much does Jo-carrol Energy Inc Nfp's highest-paid employee make?
- The highest reported compensation on Jo-carrol Energy Inc Nfp's latest Form 990 is $373,979, paid to Michael Casper (President & Ceo).
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Data for Jo-carrol Energy Inc Nfp (EIN 36-1284865) 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.