Lee County Electric Cooperative Inc
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Lee County Electric Cooperative Inc is a 501(c)(12) organization based in N Ft Myers, Florida, registered in 1945, with $616,115,448 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
4980 Bayline Dr, N Ft Myers, FL, 33917 EIN 59-0329555 Since 1945
Revenue (FY2024)
$616.1M
▲ 1.3% vs prior year
Expenses (FY2024)
$547.2M
Net assets
$568.6M
Employees
523
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Lee County Electric Cooperative Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +11% 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 Lee County Electric Cooperative Inc: 12 mo reserves · +11% 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 Lee County 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 Lee County Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Lee county electric cooperative, inc. (lcec) provides electric transmission and distribution services to residential and business customers within the cooperative's service territory.
Contact & location
- Address
- 4980 Bayline Dr, N Ft Myers, FL, 33917
- City
- N Ft Myers
- State
- Florida
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $405.9M (FY2013) to $616.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $694.2MNet assets $568.6M
Operating margin
11.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$694.2M
Net assets
$568.6M
Salaries & benefits
$3.8M
1% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $616,115,448▲1.3% | $547,211,131▲8.4% | $568,553,510▲15.3% | $1,262,768,758▲19.0% | 990 |
| 2023 | $608,109,826▼2.9% | $504,779,733▼17.9% | $493,139,034▲27.9% | $1,061,061,386▼4.5% | 990 |
| 2022 | $626,227,197▲25.9% | $614,788,809▲28.4% | $385,582,515▲4.0% | $1,110,507,384▲30.6% | 990 |
| 2021 | $497,387,726▲11.1% | $478,634,024▲8.5% | $370,619,155▲7.6% | $850,449,864▲8.3% | 990 |
| 2020 | $447,652,126▲4.4% | $441,289,217▲5.5% | $344,398,964▲1.1% | $785,170,912▲4.8% | 990 |
| 2019 | $428,944,955▲0.8% | $418,471,838▼3.1% | $340,667,896▲2.8% | $749,067,982▲2.5% | 990 |
| 2018 | $425,420,177▲4.1% | $431,982,902▲8.3% | $331,348,802▼1.9% | $731,030,275▲1.9% | 990 |
| 2017 | $408,808,283▲3.6% | $398,714,266▲1.6% | $337,724,635▲4.0% | $717,536,742▲5.8% | 990 |
| 2016 | $394,692,288▼4.6% | $392,594,994▼5.2% | $324,632,656▲1.5% | $678,484,511▲3.2% | 990 |
| 2015 | $413,766,373▲0.7% | $414,107,510▲0.4% | $319,979,138▼0.3% | $657,547,836▲2.6% | 990 |
| 2014 | $411,005,386▲1.2% | $412,660,811▲2.2% | $321,023,238▼2.1% | $640,773,493▼6.5% | 990 |
| 2013 | $405,940,611 | $403,736,284▲0.4% | $327,842,127▲3.1% | $685,237,668▲3.5% | 990 |
| 2012 | — | $402,008,714▼0.6% | $318,076,163▲0.4% | $661,761,280▲0.6% | 990 |
| 2011 | — | $404,336,826▼1.2% | $316,950,610▼0.4% | $657,997,235▼1.3% | 990 |
| 2010 | — | $409,405,098 | $318,096,712 | $666,847,059 | 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: Denise M Vidal — $723,445 (0.13% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Denise M Vidal | Evp/ceo | 58 | $723,445 |
| Sarah Bullock | Dir of Finan | 50 | $379,577 |
| Rodney C Hawkins | Director, El | 55 | $296,427 |
| Edward Nagy | Director, It | 40 | $295,423 |
| Karen Ryan | Director of | 50 | $260,893 |
| Derek Holland | Lineman | 79 | $257,398 |
| Gary Avin | Dir. Memb. S | 50 | $253,411 |
| Sandra Thompson | Director of | 48 | $253,018 |
| Troy Hamilton | Lineman | 73 | $247,755 |
| Walter Ruth | Dir. of Bus. | 55 | $231,137 |
| Shane Leach | Lineman | 72 | $227,320 |
| Amanda Smelker | Dir, Admin S | 45 | $222,053 |
| Richard B Lewis | Lineman | 70 | $221,967 |
| Myron Martin | Mgr-proc./su | 45 | $215,204 |
| Chauncey P Goss | Trustee | 4 | $26,850 |
| David Beam | Trustee | 4 | $25,850 |
| Michael Powell | Trustee/pres | 13 | $25,850 |
| Richard Turbeville | Trustee | 6 | $25,850 |
| Rick Joyce | Trustee | 10 | $25,850 |
| Russell Priddy | Trustee | 6 | $24,750 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Gresco Uility Supply | Electric Distr. | $27,426,617 |
| Wesco Distribution Inc | Electric Distr. | $25,449,528 |
| Stuart C Irby Co | Electric Distr. | $21,909,141 |
| Mastec North America Inc | Maint. & Constr | $17,304,962 |
| Pike Electric LLC | Maint. & Constr | $14,303,015 |
Grants made · $68K in FY2024
2 grants totaling $68K in FY2024. All grants made by Lee County Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Lee County Inc | — | $60,000 |
| Horizon Foundation Inc | — | $7,500 |
Frequently asked questions
- Is Lee County Electric Cooperative Inc a legitimate nonprofit?
- Yes. Lee County Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 59-0329555, based in N Ft Myers, Florida.
- What is Lee County Electric Cooperative Inc's EIN?
- Lee County Electric Cooperative Inc's Employer Identification Number (EIN) is 59-0329555.
- How much revenue does Lee County Electric Cooperative Inc report?
- Lee County Electric Cooperative Inc reported $616,115,448 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Lee County Electric Cooperative Inc's spending goes to programs?
- Lee County Electric Cooperative Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Lee County Electric Cooperative Inc have?
- CharityIndex grades Lee County Electric Cooperative Inc A+, based on program efficiency and fundraising cost.
- How much does Lee County Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Lee County Electric Cooperative Inc's latest Form 990 is $723,445, paid to Denise M Vidal (Evp/ceo).
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Data for Lee County Electric Cooperative Inc (EIN 59-0329555) 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.