Southside Electric Cooperative Incorporated
501(c)(12)
Strong reserves
Southside Electric Cooperative Incorporated is a 501(c)(12) organization based in Crewe, Virginia, registered in 1937, with $145,238,799 in FY2024 revenue.
Po Box 7, Crewe, VA, 23930 EIN 54-0387895 Since 1937
Revenue (FY2024)
$145.2M
▲ 6.7% vs prior year
Expenses (FY2024)
$140.6M
Net assets
$130.1M
Employees
147
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 Southside Electric Cooperative Incorporated— 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 · +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 Southside Electric Cooperative Incorporated: 11 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 Southside Electric Cooperative Incorporated: 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 Southside Electric Cooperative Incorporated: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Safe and effective distribution of electricity to the members of southside electric cooperative.
Contact & location
Financial trends
Revenue grew from $109.9M (FY2013) to $145.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $233.7MNet assets $130.1M
Operating margin
3.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$363.8M
Total liabilities
$233.7M
Net assets
$130.1M
Salaries & benefits
$22.7M
16% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $145,238,799▲6.7% | $140,581,559▲5.6% | $130,134,533▲0.5% | $363,846,379▼0.8% | 990 |
| 2023 | $136,136,571▼5.0% | $133,137,908▼5.0% | $129,469,196▲0.4% | $366,924,000▲2.2% | 990 |
| 2022 | $143,326,007▲3.6% | $140,129,074▲2.0% | $128,921,854▲7.0% | $358,996,187▲1.3% | 990 |
| 2021 | $138,281,216▲8.5% | $137,334,406▲9.8% | $120,492,180▲4.9% | $354,447,330▲3.0% | 990 |
| 2020 | $127,474,778▼0.6% | $125,043,327▼2.2% | $114,822,451▲5.5% | $344,035,259▲2.6% | 990 |
| 2019 | $128,289,116▲1.4% | $127,867,899▲1.9% | $108,785,409▲1.1% | $335,380,686▼2.8% | 990 |
| 2018 | $126,462,574▲13.0% | $125,526,290▲12.2% | $107,600,953▲2.6% | $344,869,264▲0.7% | 990 |
| 2017 | $111,871,783▼3.4% | $111,858,092▼4.7% | $104,838,433▲3.6% | $342,522,962▲1.9% | 990 |
| 2016 | $115,821,688▼9.5% | $117,356,023▼8.7% | $101,210,698▲1.7% | $336,077,908▲5.4% | 990 |
| 2015 | $127,957,746▲3.7% | $128,487,661▲4.1% | $99,499,745▲1.4% | $318,953,391▲1.9% | 990 |
| 2014 | $123,372,998▲12.2% | $123,396,486▲13.1% | $98,126,479▲3.8% | $312,978,861▲5.1% | 990 |
| 2013 | $109,925,288 | $109,090,033 | $94,501,499▼0.2% | $297,901,250▲7.0% | 990 |
| 2012 | — | $109,136,819▼1.6% | $94,682,598▲0.4% | $278,419,502▲6.3% | 990 |
| 2011 | — | $110,885,063▲1.6% | $94,343,502▲0.4% | $261,887,774▲3.2% | 990 |
| 2010 | — | $109,171,629 | $93,976,835 | $253,730,652 | 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: George Felts — $431,287 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| George Felts | Vp Engineeri | 40 | $431,287 |
| Jason Loehr | President & | 40 | $373,801 |
| Ronald White | Vp Member Se | 40 | $260,381 |
| Sheena Lankford | Vp Member En | 40 | $234,468 |
| Jacob Mccann | Vp Human Res | 40 | $230,739 |
| Carly Bullock | Cfo | 40 | $226,592 |
| Louis Urbine | Director of | 40 | $179,904 |
| Daniel Dufour | Former Cfo | 40 | $172,108 |
| Frank W Bacon | Chairman | 24.98 | $45,000 |
| Brenda Johnson | Director | 7.63 | $30,000 |
| Charles J Friedl | Director | 6.05 | $30,000 |
| Clive Pettis | Director | 5.56 | $30,000 |
| Paul S Bennett | Secretary | 5.05 | $30,000 |
| Sarah Saunders | Director | 7.76 | $30,000 |
| William White | Director | 10.81 | $30,000 |
| Kristie Martin Wallace | Director | 10.02 | $27,500 |
| Earl C Currin Jr | Vice Chairma | 5.75 | $20,000 |
| Tracy M Gee | Director | 5.75 | $7,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Townsend Tree Service | Tree Removal | $4,351,164 |
| Carolina Power & Signalization | Construction | $2,230,841 |
| Asplundh Tree Expert LLC | Tree Removal | $1,726,529 |
| Osmose Utilities Services Inc | Pole Inspection | $1,139,863 |
| Rocky Creek Tree Service | Tree Removal | $1,139,565 |
Grants made · $8,000 in FY2021
1 grant totaling $8,000 in FY2021. All grants made by Southside Electric Cooperative Incorporated →
| Recipient | Purpose | Amount |
|---|---|---|
| Southside Opportunity Fund Inc | Scholarships | $8,000 |
Frequently asked questions
- Is Southside Electric Cooperative Incorporated a legitimate nonprofit?
- Yes. Southside Electric Cooperative Incorporated is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 54-0387895, based in Crewe, Virginia.
- What is Southside Electric Cooperative Incorporated's EIN?
- Southside Electric Cooperative Incorporated's Employer Identification Number (EIN) is 54-0387895.
- How much revenue does Southside Electric Cooperative Incorporated report?
- Southside Electric Cooperative Incorporated reported $145,238,799 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Southside Electric Cooperative Incorporated's highest-paid employee make?
- The highest reported compensation on Southside Electric Cooperative Incorporated's latest Form 990 is $431,287, paid to George Felts (Vp Engineeri).
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Data for Southside Electric Cooperative Incorporated (EIN 54-0387895) 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.