Sheridan Electric Co-op Inc
501(c)(12)
Only null% goes to programs Strong reserves
Sheridan Electric Co-op Inc is a 501(c)(12) organization based in Medicine Lake, Montana, registered in 1951, with $19,345,244 in FY2024 revenue. CharityIndex grades it B.
6408 Highway 16 S, Medicine Lake, MT, 59247 EIN 81-0216871 Since 1951
Revenue (FY2024)
$19.3M
▼ 4.2% vs prior year
Expenses (FY2024)
$19.3M
Net assets
$40.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
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 Sheridan Electric Co-op Inc— 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 rating25 mo reserves · +0% 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 Sheridan Electric Co-op Inc: 25 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Sheridan Electric Co-op Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Sheridan Electric Co-op Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6408 Highway 16 S, Medicine Lake, MT, 59247
- City
- Medicine Lake
- State
- Montana
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $13.5M (FY2013) to $19.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $27.7MNet assets $40.7M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$68.4M
Total liabilities
$27.7M
Net assets
$40.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $19,345,244▼4.2% | $19,345,244▲11.7% | $40,718,871▲0.4% | $68,442,098▲0.9% | 990 |
| 2023 | $20,196,712▲1.9% | $17,323,348▲8.5% | $40,558,590▲2.5% | $67,848,046▲0.5% | 990 |
| 2022 | $19,827,462▲6.7% | $15,965,553▲4.4% | $39,587,926▲6.3% | $67,525,493▲5.2% | 990 |
| 2021 | $18,584,978▼0.7% | $15,287,989▼8.3% | $37,256,978▲5.1% | $64,187,629▼1.2% | 990 |
| 2020 | $18,720,799▼9.2% | $16,675,418▼6.5% | $35,432,693▲6.1% | $64,977,818▼1.6% | 990 |
| 2019 | $20,614,215▲0.5% | $17,834,264▲6.5% | $33,387,312▲9.1% | $66,028,096▼1.9% | 990 |
| 2018 | $20,510,364▲2.0% | $16,745,439▼5.4% | $30,607,361▲14.0% | $67,295,663 | 990 |
| 2017 | $20,116,400▲3.3% | $17,699,199▲12.1% | $26,842,436▲9.9% | $67,270,797▼3.1% | 990 |
| 2016 | $19,480,492▲10.6% | $15,781,959▼2.1% | $24,425,235▲17.8% | $69,387,927▼2.7% | 990 |
| 2015 | $17,616,954▲18.8% | $16,112,319▲10.3% | $20,726,702▲7.8% | $71,298,214▲1.0% | 990 |
| 2014 | $14,831,829▲10.0% | $14,607,360▲13.8% | $19,222,067▲1.2% | $70,607,517▲32.1% | 990 |
| 2013 | $13,479,483 | $12,841,153▲12.5% | $18,997,598▲3.5% | $53,449,820▲66.4% | 990 |
| 2012 | — | $11,418,325▲15.4% | $18,359,268▲7.4% | $32,124,958▲15.1% | 990 |
| 2011 | — | $9,897,796▲9.2% | $17,090,548▲3.4% | $27,907,468▲14.5% | 990 |
| 2010 | — | $9,063,814 | $16,529,964 | $24,370,105 | 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.
Frequently asked questions
- Is Sheridan Electric Co-op Inc a legitimate nonprofit?
- Yes. Sheridan Electric Co-op Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 81-0216871, based in Medicine Lake, Montana.
- What is Sheridan Electric Co-op Inc's EIN?
- Sheridan Electric Co-op Inc's Employer Identification Number (EIN) is 81-0216871.
- How much revenue does Sheridan Electric Co-op Inc report?
- Sheridan Electric Co-op Inc reported $19,345,244 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Sheridan Electric Co-op Inc have?
- CharityIndex grades Sheridan Electric Co-op Inc B, based on financial health (reserves and operating margin).
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Data for Sheridan Electric Co-op Inc (EIN 81-0216871) 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.