Mpd Electric Cooperative Inc is a 501(c)(12) organization based in Florence, South Carolina, registered in 2023, with $214,898,728 in FY2024 revenue.
Revenue (FY2024)
$214.9M
▲ 204.1% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$210.6M
Net assets
$170.3M
Employees
121
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 Mpd 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 Mpd Electric Cooperative Inc: 10 mo reserves · +2% 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 Mpd Electric Cooperative Inc: 5 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 Mpd Electric Cooperative Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.
To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.
Revenue grew from $23.3M (FY2022) to $214.9M (FY2024) across 3 reported years.
Financial snapshot
Operating margin
2.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$401.9M
Total liabilities
$231.6M
Net assets
$170.3M
Salaries & benefits
$6.8M
3% of expenses
Board members
18
18 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $214,898,728▲204% | $210,570,727▲182% | $170,265,631▲18.3% | $401,909,826▲7.8% | 990 |
| 2023 | $70,674,045▲203% | $74,541,812▲220% | $143,912,866▲152% | $372,979,249▲75.3% | 990 |
| 2022 | $23,307,360 | $23,307,360 | $56,997,893 | $212,788,185 | 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: William L Fleming Jr — $633,203 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William L Fleming Jr | President (c | 40 | $633,203 |
| Robert B Fleming Jr | Chief Operat | 40 | $563,339 |
| Paul Conway | Vp Business | 40 | $535,744 |
| Annie Crowley | Cfo | 40 | $403,203 |
| Thomas H Freeman Jr | Sr Vp Admin | — | $389,721 |
| Jessica Mason | Vp, Accounti | 40 | $389,280 |
| Lori A Stuckey | Chief Consum | 40 | $357,091 |
| Donald Jeff Quick | Secretary/tr | 2 | $44,205 |
| David Howell | Director | 2 | $43,994 |
| Lee C White | Director | 2 | $43,994 |
| Sam P Mcinnis Jr | Chairman | 2 | $43,498 |
| Edgar Gordon | Director | 2 | $25,874 |
| Janelle Sauls | Director | 2 | $25,874 |
| John Alford | Director | 2 | $25,874 |
| Melvin Carabo | Director | 2 | $25,874 |
| Patrick Ann Toney | Director | 2 | $25,874 |
| Ricky Smith | Director | 2 | $25,874 |
| Robert Norton | Director | 2 | $25,874 |
| W Ronald Quick | Director | 2 | $25,874 |
| Don R Teal | Director | 2 | $25,756 |
| Contractor | Services | Paid |
|---|---|---|
| Be&k Building Group | Construction | $3,761,284 |
| Southeastern Limb & Tree | Trimming | $3,017,846 |
| Utility Innovation Group | Utility Serv | $1,517,849 |
| Turkey Creek Investments | Construction | $1,024,709 |
| Elementum Interiors | Int Furnishings | $585,931 |
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Data for Mpd Electric Cooperative Inc (EIN 85-4014392) 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.