Mid-carolina Electric Cooperative Inc is a 501(c)(12) organization based in Lexington, South Carolina, registered in 1942, with $144,829,639 in FY2023 revenue.
Revenue (FY2023)
$144.8M
▼ 2.2% vs prior year
Expenses (FY2023)
$144.8M
Net assets
$85.6M
Employees
168
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 Mid-carolina 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 →
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 Mid-carolina Electric Cooperative Inc: 7 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
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 Mid-carolina Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Mid-carolina Electric Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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We deliver reliable, cost efficient utilities and innovative solutions to our members.
Revenue grew from $122.5M (FY2016) to $144.8M (FY2023) across 8 reported years.
Financial snapshot
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$368.9M
Total liabilities
$283.3M
Net assets
$85.6M
Salaries & benefits
$944K
1% of expenses
Board members
9
9 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $144,829,639▼2.2% | $144,829,639▼2.2% | $85,621,186▲7.6% | $368,946,763▲11.9% | 990 |
| 2022 | $148,136,586▲13.3% | $148,136,586▲13.3% | $79,585,223▲9.7% | $329,734,139▲4.3% | 990 |
| 2021 | $130,746,610▲1.2% | $130,746,610▲1.2% | $72,532,815▲5.5% | $316,005,069▲4.7% | 990 |
| 2020 | $129,212,311▼2.5% | $129,212,311▼2.5% | $68,782,100▲3.0% | $301,678,019▲2.8% | 990 |
| 2019 | $132,579,704▼0.3% | $132,579,704▼0.3% | $66,761,237▲13.2% | $293,514,199▲3.9% | 990 |
| 2018 | $132,913,236▲6.1% | $132,913,236▲6.1% | $58,970,448▼3.3% | $282,494,662▲21.0% | 990 |
| 2017 | $125,282,082▲2.3% | $125,282,082▲2.3% | $60,974,137▲3.3% | $233,460,839▲11.7% | 990 |
| 2016 | $122,496,409 | $122,496,409 | $59,045,849 | $208,935,372 | 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.
Highest-paid: B Robert Paulling — $537,306 (0.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| B Robert Paulling | President & | 50 | $537,306 |
| Theresa Crepes | Cfo | 50 | $258,468 |
| Lee Ayers | Vp - Enginee | 50 | $237,415 |
| Troy Simpson | Vp - Member | 50 | $206,925 |
| Bobby Wilbur | Vp - Operati | 50 | $201,909 |
| Steve Davidson | Vp- Informat | 50 | $168,332 |
| Justin Watts | Trustee | 2.94 | $39,807 |
| Donette Kirkland | Secretary | 4.24 | $32,983 |
| Marvin Sox | Chairman | 4.63 | $28,230 |
| Clifford Shealy | Vice Chairma | 4.02 | $23,905 |
| Kenneth Lindler | Trustee | 5.02 | $20,147 |
| Alan Lunsford | Trustee | 4.53 | $17,147 |
| Carey Bedenbaugh | Trustee | 3.51 | $16,734 |
| J Allan Risinger | Treasurer | 4.16 | $14,647 |
| Eddie Best | Trustee | 3 | $13,647 |
| Contractor | Services | Paid |
|---|---|---|
| Right Way Tree Experts LLC | Tree Service | $991,330 |
| Jacksons Global Solutions LLC | Fiber | $845,490 |
| Michael Brandon Stacy | Engineering | $254,750 |
| Drg Technical Solutions | Consulting | $113,435 |
Explore more
Data for Mid-carolina Electric Cooperative Inc (EIN 57-0210417) 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.