K C Electric Association
501(c)(12)
Only null% goes to programs Strong reserves
K C Electric Association is a 501(c)(12) organization based in Hugo, Colorado, registered in 1955, with $27,822,101 in FY2023 revenue. CharityIndex grades it B.
Po Box 8, Hugo, CO, 80821 EIN 84-0390042 Since 1955
Revenue (FY2023)
$27.8M
▼ 2.0% vs prior year
Expenses (FY2023)
$27.8M
Net assets
$44.8M
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 K C Electric Association— 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 rating19 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 K C Electric Association: 19 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 K C Electric Association— 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 K C Electric Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $24.9M (FY2013) to $27.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $20.0MNet assets $44.8M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$64.8M
Total liabilities
$20.0M
Net assets
$44.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $27,822,101▼2.0% | $27,822,101▼2.0% | $44,793,011▲3.9% | $64,774,944▲1.2% | 990 |
| 2022 | $28,375,807▲4.8% | $28,375,807▲1.0% | $43,092,458▲2.9% | $63,987,749▲9.1% | 990 |
| 2021 | $27,088,421▼2.3% | $28,088,421▲1.3% | $41,860,115▲1.9% | $58,667,697▲2.5% | 990 |
| 2020 | $27,727,081▲10.0% | $27,727,081▲7.8% | $41,076,978▲2.3% | $57,240,392▼1.1% | 990 |
| 2019 | $25,213,306▲5.2% | $25,713,303▲4.7% | $40,148,332▲0.7% | $57,865,775▲0.7% | 990 |
| 2018 | $23,963,602▲8.1% | $24,563,600▲11.7% | $39,856,629▼0.5% | $57,446,788▲3.4% | 990 |
| 2017 | $22,177,143▼3.1% | $21,993,070▼3.8% | $40,052,745▲0.9% | $55,570,982▲5.6% | 990 |
| 2016 | $22,885,577▲1.3% | $22,863,193▲1.1% | $39,712,739▲0.5% | $52,647,050▲0.9% | 990 |
| 2015 | $22,598,576▼9.1% | $22,625,487▼9.0% | $39,498,261▲0.6% | $52,165,180▲5.5% | 990 |
| 2014 | $24,853,729 | $24,853,729 | $39,282,146▲3.5% | $49,436,560▲1.8% | 990 |
| 2013 | $24,861,389 | $24,861,389▲1.1% | $37,943,959▲3.0% | $48,548,112▲8.1% | 990 |
| 2012 | — | $24,590,044▲10.5% | $36,821,741▲5.2% | $44,906,671▲6.4% | 990 |
| 2011 | — | $22,259,782▲22.5% | $34,996,211▲2.7% | $42,193,242▲0.6% | 990 |
| 2010 | — | $18,171,647 | $34,090,979 | $41,954,435 | 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 · $6,028 total
1 grant to K C Electric Association totaling $6,028, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Energy Outreach Colorado | Energy assistance | 2023 | $6,028 |
Frequently asked questions
- Is K C Electric Association a legitimate nonprofit?
- Yes. K C Electric Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 84-0390042, based in Hugo, Colorado.
- What is K C Electric Association's EIN?
- K C Electric Association's Employer Identification Number (EIN) is 84-0390042.
- How much revenue does K C Electric Association report?
- K C Electric Association reported $27,822,101 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does K C Electric Association have?
- CharityIndex grades K C Electric Association B, based on financial health (reserves and operating margin).
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Data for K C Electric Association (EIN 84-0390042) 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.