Rappahannock Electric Cooperative
501(c)(12)
Strong reserves Growing revenue
Rappahannock Electric Cooperative is a 501(c)(12) organization based in Fredericksbrg, Virginia, registered in 1942, with $535,480,140 in FY2023 revenue.
Po Box 7388, Fredericksbrg, VA, 22404 EIN 54-1135340 Since 1942
Revenue (FY2023)
$535.5M
▲ 8.4% vs prior year
Expenses (FY2023)
$518.6M
Net assets
$442.1M
Employees
481
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—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 Rappahannock Electric Cooperative— 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 rating10 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 Rappahannock Electric Cooperative: 10 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 Rappahannock Electric Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Rappahannock Electric Cooperative: 5 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
Safe and effective distribution of electricity to the members of rappahannock electric cooperative.
What they do
Energized 67 additional miles of underground line
Contact & location
- Address
- Po Box 7388, Fredericksbrg, VA, 22404
- City
- Fredericksbrg
- State
- Virginia
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $415.7M (FY2013) to $535.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $757.4MNet assets $442.1M
Operating margin
3.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$757.4M
Net assets
$442.1M
Salaries & benefits
$68.5M
13% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $535,480,140▲8.4% | $518,647,835▲6.1% | $442,068,503▲1.7% | $1,199,468,499▲6.9% | 990 |
| 2022 | $493,777,612▲17.6% | $488,656,915▲16.2% | $434,774,816▼0.5% | $1,122,357,083▲7.6% | 990 |
| 2021 | $419,807,187▼1.5% | $420,421,503▼1.1% | $436,853,192▲2.4% | $1,043,159,165▲1.9% | 990 |
| 2020 | $426,168,943▼9.7% | $424,936,853▼9.9% | $426,654,247▲1.6% | $1,024,099,105▲9.9% | 990 |
| 2019 | $471,748,644▲4.1% | $471,771,422▲4.1% | $419,777,677▲3.3% | $931,777,168▼0.5% | 990 |
| 2018 | $453,259,593▲17.8% | $453,086,490▲17.5% | $406,204,508▲3.7% | $935,998,307▲4.2% | 990 |
| 2017 | $384,878,670▼10.6% | $385,748,204▼10.0% | $391,688,517▲3.2% | $897,920,253▲0.7% | 990 |
| 2016 | $430,603,338▼8.3% | $428,724,319▼8.7% | $379,610,008▲3.2% | $891,756,582 | 990 |
| 2015 | $469,796,707▲5.5% | $469,410,441▲5.7% | $367,768,597▲3.5% | $892,036,029▲6.1% | 990 |
| 2014 | $445,208,465▲7.1% | $444,011,632▲6.8% | $355,344,092▲3.5% | $840,369,888▲1.3% | 990 |
| 2013 | $415,687,708 | $415,880,176▲0.7% | $343,278,683▲3.8% | $829,378,390▲5.5% | 990 |
| 2012 | — | $412,893,136▼4.8% | $330,801,046▲4.3% | $785,845,336▲4.2% | 990 |
| 2011 | — | $433,858,767▲27.5% | $317,077,610▲4.7% | $754,420,378▼0.6% | 990 |
| 2010 | — | $340,293,851 | $302,843,663 | $759,029,987 | 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 (FY2023)
Highest-paid: John D Hewa — $889,738 (0.17% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John D Hewa | President & | 60 | $889,738 |
| Peter N Muhoro | Chief Strat | 55 | $429,442 |
| Tracey B Steiner | Chief Eng & | 55 | $401,202 |
| Lawrence G Andrews | Chief Admin | 60 | $353,561 |
| John M Arp | Chief Eng & | 40 | $336,067 |
| Leesetta J Brock | Principal En | 55 | $335,813 |
| John S Crawford | Mgr Dir Safe | 50 | $280,366 |
| Patricia J Hatcher | Mgr Dir Hr | 50 | $274,395 |
| Bret K Elliott | Mgr Dir It & | 50 | $253,794 |
| Jason E Satterwhite | Chief Grid O | 50 | $251,282 |
| Shawn P Mcdonough | Mgr Dir Reg | 40 | $248,347 |
| Bruce M Bowe Jr | Assistant Tr | 60 | $233,930 |
| Whitney S Watts | Assistant Se | 50 | $155,677 |
| Eric Paulson | Treasurer | 17 | $38,800 |
| Christopher G Shipe | Chairman | 30 | $37,500 |
| Eugene L Campbell Jr | Director | 14 | $37,100 |
| Linda R Gray | Secretary | 17 | $37,000 |
| Jesse R Thomas Jr | Director | 15 | $36,900 |
| J Mark Wood | Director | 15 | $36,600 |
| Sanford Reaves Jr | Vice Chairma | 10.5 | $35,900 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| S & N Communications | Construction | $20,598,649 |
| Lee Electrical Construction | Construction | $11,629,930 |
| Cw Wright Construction | Construction | $6,770,951 |
| Lewis Tree Service Inc | Row Clearing | $6,174,201 |
| Rappahannock Electric Comm Inc | Info Technology | $5,852,102 |
Grants made · $10K in FY2020
1 grant totaling $10K in FY2020. All grants made by Rappahannock Electric Cooperative →
| Recipient | Purpose | Amount |
|---|---|---|
| Germanna Community College Educational Foundation Inc | Community grant | $10,000 |
Frequently asked questions
- Is Rappahannock Electric Cooperative a legitimate nonprofit?
- Yes. Rappahannock Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 54-1135340, based in Fredericksbrg, Virginia.
- What is Rappahannock Electric Cooperative's EIN?
- Rappahannock Electric Cooperative's Employer Identification Number (EIN) is 54-1135340.
- How much revenue does Rappahannock Electric Cooperative report?
- Rappahannock Electric Cooperative reported $535,480,140 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Rappahannock Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Rappahannock Electric Cooperative's latest Form 990 is $889,738, paid to John D Hewa (President &).
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Data for Rappahannock Electric Cooperative (EIN 54-1135340) 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.