National Rural Electric Cooperative Association
501(c)(6)
Only null% goes to programs Growing revenue
National Rural Electric Cooperative Association is a 501(c)(6) organization based in Arlington, Virginia, registered in 1947, with $227,345,758 in FY2024 revenue. CharityIndex grades it A.
4301 Wilson Blvd, Arlington, VA, 22203 EIN 53-0116145 Since 1947
Revenue (FY2024)
$227.3M
▲ 6.7% vs prior year
Expenses (FY2024)
$220.9M
Net assets
$104.6M
Employees
801
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 National Rural Electric Cooperative 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 rating6 mo reserves · +3% 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 National Rural Electric Cooperative Association: 6 mo reserves · +3% 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 National Rural Electric Cooperative Association: 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 National Rural Electric Cooperative Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Membership association dedicated to representing the national interest of cooperative electric utilities and the consumers they serve. nreca has more than 900 voting members that serve 42 million consumers in 48 states.
What they do
Consulting, training, and conferences: nreca provides voting members with essential industry specific training as well as director, manager, and employee training; consulting related to the organization and process improvements, and industry and technological changes; and conferences and membership meetings, promoting collaboration and networking.
Multiple employer benefit plan administration: nreca provides plan administration services to three multiple employer benefit programs in which most nreca voting members, and some nreca nonvoting members, can participate. they consist of two retirement programs, the nreca retirement security plan, which is a defined benefit pension plan, and the nreca 401(k) pension plan, which is a defined contribution pension plan. both plans are tax qualified benefit plans under the internal revenue code and are regulated by the employee retirement income security act. these two plans serve more than 60,000 active and retired employees of most nreca voting members and some nreca nonvoting members. the third plan is the nreca group benefits program, which is a veba trust that provides medical, dental, vision, and disability coverage, and which provides life, ad&d, and business travel accident insurance, to most nreca voting members and some nreca nonvoting members. this veba trust is exempt from income tax under irc section 501(c)(9).
Contact & location
Financial trends
Revenue grew from $194.5M (FY2013) to $227.3M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $186.5MNet assets $104.6M
Operating margin
2.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$291.1M
Total liabilities
$186.5M
Net assets
$104.6M
Salaries & benefits
$140.6M
64% of expenses
Board members
48
48 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $227,345,758▲6.7% | $220,881,253▲7.9% | $104,576,653▲4.3% | $291,115,816▲10.6% | 990 |
| 2023 | $213,167,702▲3.6% | $204,797,431▼0.1% | $100,309,031▲8.2% | $263,124,065▲3.8% | 990 |
| 2022 | $205,720,476▲5.6% | $204,982,837▲3.9% | $92,733,433▲0.6% | $253,418,209▲5.2% | 990 |
| 2021 | $194,864,336▲5.9% | $197,265,051▲7.5% | $92,134,785▼2.1% | $240,890,294▲4.8% | 990 |
| 2020 | $184,006,100▼9.3% | $183,527,819▼9.2% | $94,111,903▲0.7% | $229,873,296▲7.7% | 990 |
| 2019 | $202,779,789▲4.5% | $202,013,478▲4.1% | $93,473,828▲1.2% | $213,534,090▲3.0% | 990 |
| 2018 | $194,080,159▲8.5% | $194,127,310▲7.3% | $92,350,660▲3.6% | $207,412,991▲10.6% | 990 |
| 2016 | $178,794,177▲3.3% | $180,931,969▲2.6% | $89,129,913▲2.1% | $187,608,149▲4.4% | 990 |
| 2015 | $173,026,237▼6.6% | $176,347,990▼6.0% | $87,258,422▲2.2% | $179,704,649▼3.8% | 990 |
| 2014 | $185,329,846▼4.7% | $187,606,520▼7.4% | $85,393,484▲2.6% | $186,789,779▲10.3% | 990 |
| 2013 | $194,477,157 | $202,540,765▲20.9% | $83,203,778▼6.9% | $169,297,953▼20.0% | 990 |
| 2012 | — | $167,593,764▼3.3% | $89,416,243▲5.3% | $211,569,345▼0.5% | 990 |
| 2011 | — | $173,398,348▲27.2% | $84,925,781▲4.1% | $212,734,842▲14.4% | 990 |
| 2010 | — | $136,308,862 | $81,617,858 | $185,977,987 | 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: Jim Matheson — $2,946,380 (1.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jim Matheson | Chief Executive Officer | 49 | $2,946,380 |
| Peter Baxter | Svp Insurance & Financial Serv | 57 | $1,235,344 |
| Jeffrey Connor | Chief Operating Officer | 49 | $851,814 |
| Corey Amon | Vp Investment Strategy and Performance | 40 | $814,649 |
| Louis Finkel | Svp Government Relations | 51 | $796,660 |
| Digna Louis | Chief Financial Officer | 47 | $674,553 |
| Wayne Mcgurk | Svp Chief Information Officer | 47 | $648,366 |
| David Scott Barash | Svp and General Counsel | 44 | $516,073 |
| Kenneth Allen Lisaius | Svp Communications | 45 | $466,984 |
| Angela Strickland | Svp Business and Technology | 51 | $462,098 |
| Sharmilla Pradhan | Vp Chief Information Security Officer | 46 | $437,935 |
| Tony Anderson | President, Director | 23 | $125,200 |
| Chris Christensen | Director | 9.8 | $57,400 |
| Ingrid Kessler | Sec-treasurer, Director | 22.4 | $45,767 |
| Mel Coleman | Director | 6.2 | $41,400 |
| Bryan Case | Director | 7.8 | $41,200 |
| Gene Morris | Director (as of 03/24) | 5.6 | $41,200 |
| David Spradlin | Director | 6.3 | $39,200 |
| Jennifer Meason | Director (as of 03/24) | 8 | $39,200 |
| Randy Kleaving | Director | 8.1 | $38,800 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Optomi LLC | Staffing Services | $4,445,696 |
| Guidepoint Security LLC | It Security Consulting | $1,745,953 |
| Convergenz LLC | Employment Agency | $1,697,719 |
| Willis Towers Watson Us LLC | Consulting Services | $1,535,599 |
| Reasonn LLC | Software Consulting | $1,255,101 |
Grants received · $2.7M total
23 grants to National Rural Electric Cooperative Association totaling $2.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Frequently asked questions
- Is National Rural Electric Cooperative Association a legitimate nonprofit?
- Yes. National Rural Electric Cooperative Association is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 53-0116145, based in Arlington, Virginia.
- What is National Rural Electric Cooperative Association's EIN?
- National Rural Electric Cooperative Association's Employer Identification Number (EIN) is 53-0116145.
- How much revenue does National Rural Electric Cooperative Association report?
- National Rural Electric Cooperative Association reported $227,345,758 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does National Rural Electric Cooperative Association have?
- CharityIndex grades National Rural Electric Cooperative Association A, based on financial health (reserves and operating margin).
- How much does National Rural Electric Cooperative Association's highest-paid employee make?
- The highest reported compensation on National Rural Electric Cooperative Association's latest Form 990 is $2,946,380, paid to Jim Matheson (Chief Executive Officer).
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Data for National Rural Electric Cooperative Association (EIN 53-0116145) 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.