Northern Virginia Electric Co-op
501(c)(12)
Strong reserves Growing revenue
Northern Virginia Electric Co-op is a 501(c)(12) organization based in Manassas, Virginia, registered in 1945, with $907,031,155 in FY2024 revenue.
Po Box 2710, Manassas, VA, 20108 EIN 54-0346923 Since 1945
Revenue (FY2024)
$907.0M
▲ 3.6% vs prior year
Expenses (FY2024)
$882.2M
Net assets
$880.9M
Employees
406
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 Northern Virginia Electric Co-op— 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 rating12 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 Northern Virginia Electric Co-op: 12 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 Northern Virginia Electric Co-op: 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 Northern Virginia Electric Co-op: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Our mission is creating value for its members, employees and communities by providing safe, reliable electricity and quality products at competitive prices; serving approximately 182,074 meters/customers.
Contact & location
Financial trends
Revenue grew from $397.0M (FY2013) to $907.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $645.1MNet assets $880.9M
Operating margin
2.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$645.1M
Net assets
$880.9M
Salaries & benefits
$31.7M
4% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $907,031,155▲3.6% | $882,172,109▲2.7% | $880,883,360▲4.3% | $1,526,017,248▲10.0% | 990 |
| 2023 | $875,409,915▼12.3% | $858,829,865▼12.9% | $844,558,227▲3.4% | $1,386,742,429▲11.1% | 990 |
| 2022 | $998,080,039▲47.5% | $986,247,208▲51.8% | $817,108,552▲0.5% | $1,247,676,031▲16.4% | 990 |
| 2021 | $676,666,779▲28.8% | $649,621,354▲29.2% | $813,364,110▲4.1% | $1,071,859,351▲4.7% | 990 |
| 2020 | $525,186,117▼8.6% | $502,786,889▼8.5% | $781,052,365▲3.3% | $1,023,743,827▲3.4% | 990 |
| 2019 | $574,780,360▲6.7% | $549,302,662▲5.6% | $756,248,382▲4.6% | $990,050,799▲6.4% | 990 |
| 2018 | $538,762,673▲15.1% | $520,272,079▲18.1% | $722,662,837▲2.2% | $930,331,339▲5.0% | 990 |
| 2017 | $468,142,057▲7.0% | $440,491,914▲7.0% | $707,107,605▲4.9% | $885,642,299▲1.4% | 990 |
| 2016 | $437,707,158▼7.3% | $411,674,722▼8.9% | $673,891,838▲4.3% | $873,733,780▲2.3% | 990 |
| 2015 | $471,960,206▲9.0% | $451,674,125▲9.5% | $646,168,615▲3.2% | $854,427,969▲2.9% | 990 |
| 2014 | $433,093,921▲9.1% | $412,554,832▲10.6% | $625,947,600▲3.6% | $830,218,525▼1.9% | 990 |
| 2013 | $396,961,196 | $373,065,288▼4.2% | $604,228,355▲4.4% | $845,936,929▲7.0% | 990 |
| 2012 | — | $389,548,576▼14.5% | $578,629,470▲3.7% | $790,834,438▲12.4% | 990 |
| 2011 | — | $455,634,212▲14.9% | $558,147,233▲6.7% | $703,708,427▲4.0% | 990 |
| 2010 | — | $396,565,044 | $523,234,542 | $676,564,885 | 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: David Schleicher — $805,090 (0.09% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Schleicher | President and Ceo | 42 | $805,090 |
| Wilbur Rollins | Sr Vp Finance | 42 | $433,984 |
| Thomas Pierpoint Jr | Vp Operations | 42 | $430,066 |
| Patrick Toulme | Vp and Corporate Counsel | 42 | $416,382 |
| Arnold Singleton | Vp Engineering | 42 | $415,036 |
| Gilbert Jaramillo | Vp | 42 | $364,737 |
| Lisa Hooker | Vp Public Relations | 42 | $334,901 |
| Joyce Johnson | Vp Human Resources | 42 | $324,828 |
| Daniel Swingle | Vp Electric System Operations | 42 | $273,013 |
| John Rainey | Manager Special Projects | 42 | $237,595 |
| James Sirmons | Technician | 42 | $232,358 |
| Gerald Gardner | Lead Line Technician | 80 | $224,414 |
| Heather V Anderson | Manager System Engineering | 42 | $223,223 |
| Kyle R Sarvis | Lead Line Technician | 73 | $219,256 |
| Michael Hudak | Service Technician | 68 | $215,620 |
| Howard Spinner | Manager Regulatory and Rates | 42 | $214,140 |
| Grove Walter R | Past Director | 0 | $51,000 |
| Michael E Ragan | Secretary | 1.23 | $42,331 |
| Cynthia Gilbride | Treasurer | 1.04 | $42,095 |
| James Chesley | Vice Chairman | 1.35 | $42,021 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| New River Electrical Corp | Construction | $16,429,660 |
| Leo Construction Company | Underground Utility Construction | $11,701,273 |
| C W Wright Construction Company | Substation Construction | $9,493,129 |
| Lewis Tree Service Inc | Row Vegetation Management | $4,902,198 |
| Lee Electrical Construction | Construction | $3,848,009 |
Grants received · $100K total
1 grant to Northern Virginia Electric Co-op totaling $100K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2015 | $100,000 |
Frequently asked questions
- Is Northern Virginia Electric Co-op a legitimate nonprofit?
- Yes. Northern Virginia Electric Co-op is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 54-0346923, based in Manassas, Virginia.
- What is Northern Virginia Electric Co-op's EIN?
- Northern Virginia Electric Co-op's Employer Identification Number (EIN) is 54-0346923.
- How much revenue does Northern Virginia Electric Co-op report?
- Northern Virginia Electric Co-op reported $907,031,155 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Northern Virginia Electric Co-op's highest-paid employee make?
- The highest reported compensation on Northern Virginia Electric Co-op's latest Form 990 is $805,090, paid to David Schleicher (President and Ceo).
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Data for Northern Virginia Electric Co-op (EIN 54-0346923) 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.