South Central Power Company
501(c)(12)
Strong reserves
South Central Power Company is a 501(c)(12) organization based in Lancaster, Ohio, registered in 1937, with $391,809,698 in FY2024 revenue.
720 Mill Park Dr, Lancaster, OH, 43130 EIN 31-4311730 Since 1937
Revenue (FY2024)
$391.8M
▲ 6.2% vs prior year
Expenses (FY2024)
$391.8M
Net assets
$355.2M
Employees
304
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 South Central Power Company— 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 rating11 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 South Central Power Company: 11 mo reserves · +0% 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 South Central Power Company: 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 South Central Power Company: 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
To provide quality and reliable electric service to members at cost on a cooperative basis.
What they do
Security division:providing security services to our members on a cooperative basis. when cumulative margins derived from member subscriber sales of security services exceed cumulative net losses from such sales, the cooperative will allocate patronage capital to the member subscribers. there were 1,676 active subscribers at year end.
Contact & location
Financial trends
Revenue grew from $269.1M (FY2013) to $391.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $548.5MNet assets $355.2M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$903.7M
Total liabilities
$548.5M
Net assets
$355.2M
Salaries & benefits
$29.4M
8% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $391,809,698▲6.2% | $391,809,698▲6.2% | $355,164,245▲2.1% | $903,673,712▲13.7% | 990 |
| 2023 | $368,883,157▼0.2% | $368,883,157▼0.2% | $347,819,877▲1.5% | $794,658,708▲7.3% | 990 |
| 2022 | $369,451,843▲4.7% | $369,451,843▲4.7% | $342,734,949▲2.9% | $740,696,134▲6.5% | 990 |
| 2021 | $352,992,911▲7.7% | $352,992,911▲7.7% | $333,147,388▲4.3% | $695,490,462▲11.2% | 990 |
| 2020 | $327,620,560▲2.2% | $327,620,560▲2.2% | $319,467,886▲2.9% | $625,197,847▲6.7% | 990 |
| 2019 | $320,572,805▼5.4% | $320,572,805▼5.4% | $310,505,377▲1.8% | $585,821,081▲6.7% | 990 |
| 2018 | $338,803,254▲12.3% | $338,803,254▲12.3% | $304,973,860▲8.3% | $548,853,782▲6.1% | 990 |
| 2017 | $301,603,340▲3.5% | $301,603,340▲3.5% | $281,621,106▲3.4% | $517,150,360▲5.8% | 990 |
| 2016 | $291,299,969▼0.2% | $291,299,969▼0.2% | $272,336,675▲2.0% | $488,590,960▲4.1% | 990 |
| 2015 | $291,913,143▲4.0% | $291,913,143▲4.0% | $266,974,458▲6.1% | $469,239,874▲5.5% | 990 |
| 2014 | $280,758,542▲4.3% | $280,758,542▲4.3% | $251,665,453▲5.5% | $444,568,689▲3.7% | 990 |
| 2013 | $269,111,916 | $269,111,916▲4.0% | $238,538,768▲4.5% | $428,541,111▲4.8% | 990 |
| 2012 | — | $258,854,596▲10.6% | $228,257,420▲11.3% | $408,946,646▲7.7% | 990 |
| 2011 | — | $233,949,820▲7.5% | $205,118,973▲0.9% | $379,793,883▲2.8% | 990 |
| 2010 | — | $217,669,467 | $203,388,518 | $369,270,785 | 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: Richard Lemonds — $1,713,214 (0.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Richard Lemonds | President/ceo | 45 | $1,713,214 |
| Thomas Musick | Vp Engineering/broadband | 40 | $352,805 |
| Allison Saffle | Chief Financial Officer | 45 | $309,606 |
| Christopher Hall | Vp Operations | 40 | $231,170 |
| Bryan Barker | Safety & Environmental Control Mgr | 40 | $212,337 |
| Kyle Verrett | Vp Legal & Risk Management | 50 | $203,899 |
| Thomas Sestito | Line Servicer | 40 | $188,112 |
| Kyle Heavrin | Vp Member Services | 40 | $186,651 |
| Anthony Fowler | Line Servicer | 40 | $184,000 |
| Benjamin Jones | Line Servicer | 40 | $176,927 |
| Curtis Blase | Line Servicer | 40 | $175,846 |
| Amy Palmer | Vp Human Resources | 40 | $158,342 |
| Don Frank | Treasurer | 10 | $38,650 |
| Reed Bailey | Asst Treasurer | 10 | $37,100 |
| Alan Gabriel | Asst Secretary | 12 | $36,400 |
| James Evans | Trustee | 4 | $33,138 |
| Stephen Johnson | Trustee | 5 | $32,638 |
| Kenneth Davis | Chairman | 10 | $31,817 |
| Thomas Lamb | Secretary | 5 | $29,400 |
| Harold Cooper | Vice Chairman | 4 | $28,900 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wolf Line Construction | Construction | $21,732,987 |
| New River Electrical Corporation | Construction | $7,946,721 |
| Davis H Elliot Company Inc | Row Clearing | $7,914,201 |
| Penn Line Service Inc | Row Clearing | $6,071,036 |
| Thayer Power and Communication | Construction | $5,898,657 |
Grants made · $18K in FY2024
2 grants totaling $18K in FY2024. All grants made by South Central Power Company →
| Recipient | Purpose | Amount |
|---|---|---|
| United Way of Fairfield County | 2024 donation | $12,000 |
| Harcum House | 2024 donation | $5,600 |
Frequently asked questions
- Is South Central Power Company a legitimate nonprofit?
- Yes. South Central Power Company is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 31-4311730, based in Lancaster, Ohio.
- What is South Central Power Company's EIN?
- South Central Power Company's Employer Identification Number (EIN) is 31-4311730.
- How much revenue does South Central Power Company report?
- South Central Power Company reported $391,809,698 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does South Central Power Company's highest-paid employee make?
- The highest reported compensation on South Central Power Company's latest Form 990 is $1,713,214, paid to Richard Lemonds (President/ceo).
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Data for South Central Power Company (EIN 31-4311730) 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.