Northcentral Electric Cooperative
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Northcentral Electric Cooperative is a 501(c)(12) organization based in Byhalia, Mississippi, registered in 1965, with $151,735,196 in FY2024 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box 405, Byhalia, MS, 38611 EIN 64-0300045 Since 1965
Revenue (FY2024)
$151.7M
▲ 8.2% vs prior year
Expenses (FY2024)
$148.9M
Net assets
$125.0M
Employees
132
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 Northcentral Electric Cooperative: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 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 Northcentral Electric Cooperative: 10 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Northcentral Electric Cooperative: 5 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 Northcentral Electric Cooperative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To bring safe, reliable, and affordable power to customers in a courteous and timely manner.
Contact & location
- Address
- Po Box 405, Byhalia, MS, 38611
- City
- Byhalia
- State
- Mississippi
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $92.9M (FY2013) to $151.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $170.1MNet assets $125.0M
Operating margin
1.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$295.2M
Total liabilities
$170.1M
Net assets
$125.0M
Salaries & benefits
$8.1M
5% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $151,735,196▲8.2% | $148,892,479▲9.2% | $125,030,325▲2.9% | $295,152,965▲9.4% | 990 |
| 2023 | $140,220,095▼1.5% | $136,354,642▼0.3% | $121,462,696▲3.3% | $269,722,624▲18.1% | 990 |
| 2022 | $142,343,736▲13.0% | $136,760,738▲17.4% | $117,569,978▲2.5% | $228,436,980▲22.9% | 990 |
| 2021 | $125,968,963▲15.5% | $116,458,816▲16.0% | $114,673,046▲10.7% | $185,941,805▲15.8% | 990 |
| 2020 | $109,044,295▲4.5% | $100,358,551▼2.1% | $103,550,914▲9.2% | $160,612,108▲12.6% | 990 |
| 2019 | $104,349,184▼0.4% | $102,547,108▲1.2% | $94,824,403▲2.0% | $142,576,396▲2.8% | 990 |
| 2018 | $104,734,779▲1.6% | $101,319,051▲1.1% | $92,986,709▲3.9% | $138,659,251▲4.2% | 990 |
| 2017 | $103,053,343▲2.0% | $100,218,277▲2.1% | $89,533,932▲3.3% | $133,079,724▲2.8% | 990 |
| 2016 | $101,081,057▲9.1% | $98,204,856▲7.7% | $86,665,866▲3.5% | $129,420,684▲4.6% | 990 |
| 2015 | $92,679,076▼0.7% | $91,189,288▲0.1% | $83,763,086▲1.8% | $123,718,779▲0.5% | 990 |
| 2014 | $93,345,520▲0.4% | $91,070,188▲1.3% | $82,252,643▲2.9% | $123,052,790▲0.7% | 990 |
| 2013 | $92,938,987 | $89,882,916▲2.9% | $79,955,404▲4.0% | $122,143,034▲2.3% | 990 |
| 2012 | — | $87,329,193▲1.7% | $76,878,264▲4.3% | $119,402,998▲5.4% | 990 |
| 2011 | — | $85,904,947 | $73,727,539▲4.9% | $113,282,567▲3.2% | 990 |
| 2010 | — | $85,924,486 | $70,260,541 | $109,756,522 | 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: William K Doddridge — $585,542 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William K Doddridge | General Mana | 48 | $585,542 |
| Mark Nichols | Director of | 40 | $289,840 |
| Jonathan Cox | Director of | 45 | $222,072 |
| Larry Johnson | Director of | 54 | $217,983 |
| Jake Bellipanni | Director of | 30 | $208,677 |
| Darin Farley | Director of | 50 | $196,533 |
| Ricky Jones | Board Member | 8.4 | $24,800 |
| Tony Taylor | Board Member | 9.21 | $23,800 |
| Pat Woods | President | 5.13 | $21,300 |
| Phil Lachaussee | Board Member | 3.5 | $19,300 |
| Don Dickerson | Secretary | 5.06 | $18,800 |
| Julie Niblett | Board Member | 3.76 | $18,800 |
| Morris Thompson | Board Member | 4.45 | $18,800 |
| Jerry Nichols | Vice Preside | 2.73 | $16,300 |
| Patrician Griffin | Board Member | 6.74 | $13,050 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| National On Demand Inc | Fiber Construct | $15,199,421 |
| Dogwood Tree Service | Tree Service | $5,240,449 |
| Vantage Point Soluctions Inc | Fiber Design | $4,760,095 |
| Mdr Construction Inc | Electric Line | $3,120,756 |
| Desoto County Electric Inc | Electric Line | $2,347,479 |
Frequently asked questions
- Is Northcentral Electric Cooperative a legitimate nonprofit?
- Yes. Northcentral Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 64-0300045, based in Byhalia, Mississippi.
- What is Northcentral Electric Cooperative's EIN?
- Northcentral Electric Cooperative's Employer Identification Number (EIN) is 64-0300045.
- How much revenue does Northcentral Electric Cooperative report?
- Northcentral Electric Cooperative reported $151,735,196 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Northcentral Electric Cooperative's spending goes to programs?
- Northcentral Electric Cooperative spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Northcentral Electric Cooperative have?
- CharityIndex grades Northcentral Electric Cooperative A, based on program efficiency and fundraising cost.
- How much does Northcentral Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Northcentral Electric Cooperative's latest Form 990 is $585,542, paid to William K Doddridge (General Mana).
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Data for Northcentral Electric Cooperative (EIN 64-0300045) 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.