Mountain Electric Cooperative Inc
501(c)(12)
100% goes to programs Strong reserves
Mountain Electric Cooperative Inc is a 501(c)(12) organization based in Mountain City, Tennessee, registered in 1942, with $71,599,601 in FY2023 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 180, Mountain City, TN, 37683 EIN 62-0301937 Since 1942
Revenue (FY2023)
$71.6M
▼ 1.8% vs prior year
Expenses (FY2023)
$70.1M
Net assets
$82.3M
Employees
101
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 Mountain Electric Cooperative Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +2% 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 Mountain Electric Cooperative Inc: 14 mo reserves · +2% 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 Mountain 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 Mountain Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Distribution of electricity
Contact & location
- Address
- Po Box 180, Mountain City, TN, 37683
- City
- Mountain City
- State
- Tennessee
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $62.8M (FY2020) to $71.6M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $60.8MNet assets $82.3M
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$143.1M
Total liabilities
$60.8M
Net assets
$82.3M
Salaries & benefits
$0
0% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $71,599,601▼1.8% | $70,093,367▲0.8% | $82,337,697▲0.2% | $143,099,743▲10.3% | 990 |
| 2022 | $72,876,656▲9.1% | $69,545,506▲9.4% | $82,197,473▲4.2% | $129,775,233▲6.6% | 990 |
| 2021 | $66,777,111▲6.4% | $63,542,940▲9.2% | $78,913,872▲7.0% | $121,686,166▲5.8% | 990 |
| 2020 | $62,750,809 | $58,179,883 | $73,768,422 | $115,037,060 | 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 (FY2023)
Highest-paid: Jonathan Kyle Holtsclaw — $85,694 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jonathan Kyle Holtsclaw | District Manager | 40 | $85,694 |
| Rodney Metcalf | General Manager | 40 | $85,357 |
| W O Hampton | Secretary Treasurer | 4.67 | $10,863 |
| Bruce Lacey | Trustee | 2.13 | $10,475 |
| David Ellis | President | 1.85 | $6,801 |
| Vickie Davidson | Trustee | 2.29 | $6,051 |
| Harry Smith | Trustee | 1.21 | $5,946 |
| Ronnie Townson | Trustee | 1.63 | $5,940 |
| David Atwood | Trustee | 1.83 | $5,844 |
| Robert Heck | Trustee | 1.13 | $5,740 |
Frequently asked questions
- Is Mountain Electric Cooperative Inc a legitimate nonprofit?
- Yes. Mountain Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 62-0301937, based in Mountain City, Tennessee.
- What is Mountain Electric Cooperative Inc's EIN?
- Mountain Electric Cooperative Inc's Employer Identification Number (EIN) is 62-0301937.
- How much revenue does Mountain Electric Cooperative Inc report?
- Mountain Electric Cooperative Inc reported $71,599,601 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mountain Electric Cooperative Inc's spending goes to programs?
- Mountain Electric Cooperative Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mountain Electric Cooperative Inc have?
- CharityIndex grades Mountain Electric Cooperative Inc A+, based on program efficiency and fundraising cost.
- How much does Mountain Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Mountain Electric Cooperative Inc's latest Form 990 is $85,694, paid to Jonathan Kyle Holtsclaw (District Manager).
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Data for Mountain Electric Cooperative Inc (EIN 62-0301937) 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.