Singing River Electric Cooperative is a 501(c)(12) organization based in Lucedale, Mississippi, registered in 1940, with $186,068,369 in FY2023 revenue. CharityIndex grades it A.
Revenue (FY2023)
$186.1M
▲ 6.3% vs prior year
Expenses (FY2023)
$189.5M
Net assets
$232.4M
Employees
218
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 Singing River 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 →
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 Singing River Electric Cooperative: 15 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
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 Singing River Electric Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Singing River Electric Cooperative: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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To provide safe and reliable electric service at the lowest possible cost while promoting energy efficiency and enhancing the lives of the members and communities we serve.
Revenue grew from $160.9M (FY2013) to $186.1M (FY2023) across 10 reported years.
Financial snapshot
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$537.3M
Total liabilities
$304.9M
Net assets
$232.4M
Salaries & benefits
$1.3M
1% of expenses
Board members
10
10 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $186,068,369▲6.3% | $189,546,039▲7.1% | $232,382,965▲4.1% | $537,266,697▲19.3% | 990 |
| 2022 | $174,969,099▲6.7% | $177,028,773▲7.7% | $223,208,939▲2.2% | $450,362,452▲8.9% | 990 |
| 2021 | $164,019,108▲0.9% | $164,425,227▲1.2% | $218,424,840▲4.0% | $413,652,861▲0.1% | 990 |
| 2020 | $162,514,293▲0.8% | $162,514,293▲0.8% | $210,034,032▲2.1% | $413,417,996▲0.7% | 990 |
| 2019 | $161,163,169▼3.6% | $161,163,169▼3.6% | $205,685,326▲4.9% | $410,560,269▲8.0% | 990 |
| 2018 | $167,192,000▲7.2% | $167,192,000▲7.2% | $196,076,888▲12.6% | $380,038,243▲5.8% | 990 |
| 2016 | $155,940,985▼6.6% | $155,940,985▼6.6% | $174,146,770▲3.8% | $359,135,259▲1.1% | 990 |
| 2015 | $166,988,164▼2.0% | $166,988,164▼2.0% | $167,775,041▲11.3% | $355,309,238▲1.5% | 990 |
| 2014 | $170,455,257▲6.0% | $170,455,257▲6.0% | $150,766,905▲5.3% | $350,008,024▲7.3% | 990 |
| 2013 | $160,872,367 | $160,872,367▼0.6% | $143,164,263▲10.3% | $326,057,521▲7.1% | 990 |
| 2012 | — | $161,796,038▼0.1% | $129,838,246▲5.3% | $304,471,875▲4.6% | 990 |
| 2011 | — | $162,028,037▲4.4% | $123,257,581▲10.6% | $291,158,817▲2.4% | 990 |
| 2010 | — | $155,140,612 | $111,427,565 | $284,248,162 | 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.
Highest-paid: Brian K Hughey — $376,483 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brian K Hughey | General Manager & Ceo | 50 | $376,483 |
| Tammy Y Hultz | Cfo | 45 | $210,730 |
| William T Davis | Director of Engineering | 42 | $165,531 |
| Rodney W Gibson | Serviceman | 61 | $150,671 |
| Lorri M Freeman | Manager of Public Relation | 47 | $142,915 |
| Robert J Smith | Manager of It | 43 | $141,536 |
| Gary B Allgood | Serviceman | 56 | $138,730 |
| Kristal Sisson | Director/board President | 3 | $39,362 |
| Cary Williams | Director/treasurer | 2 | $34,956 |
| Travis Baxter | Director/vice President | 3 | $31,429 |
| Robert Steele | Director | 4 | $29,406 |
| Stanley Busby | Director | 4 | $28,760 |
| Ronald Wilson | Director | 3 | $28,360 |
| Edward Thornton | Director/secretary | 3 | $27,710 |
| Howard Davis | Director | 4 | $25,710 |
| Mark Lasalle | Director | 3 | $25,710 |
| Roy Grafe | Director | 3 | $25,360 |
| Contractor | Services | Paid |
|---|---|---|
| Dycom Industries | Construction Services | $9,663,589 |
| Mdr Construction | Construction Services | $7,013,956 |
| Conexon LLC | Fiber Consulting/design | $6,064,872 |
| Itg Communications LLC | Construction Services | $5,229,356 |
| Vonalas Inc | Construction Services | $3,745,517 |
1 grant totaling $13K in FY2020. All grants made by Singing River Electric Cooperative →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way For Jackson George Greene Counties Mississppi Inc | Nhn eap donation and nhn grant recipient | $12,500 |
Explore more
Data for Singing River Electric Cooperative (EIN 64-0239641) 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.