Spoon River Electric Co-operative Incorporated
501(c)(12)
Only null% goes to programs Strong reserves
Spoon River Electric Co-operative Incorporated is a 501(c)(12) organization based in Canton, Illinois, registered in 1940, with $12,488,219 in FY2024 revenue. CharityIndex grades it B.
930 S 5th Ave, Canton, IL, 61520 EIN 37-0527067 Since 1940
Revenue (FY2024)
$12.5M
▲ 1.6% vs prior year
Expenses (FY2024)
$11.8M
Net assets
$19.4M
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 Spoon River Electric Co-operative 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 rating20 mo reserves · +6% 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 Spoon River Electric Co-operative Incorporated: 20 mo reserves · +6% 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 Spoon River Electric Co-operative Incorporated— 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 Spoon River Electric Co-operative Incorporated: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from $10.2M (FY2013) to $12.5M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $20.1MNet assets $19.4M
Operating margin
5.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$39.5M
Total liabilities
$20.1M
Net assets
$19.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,488,219▲1.6% | $11,764,669▲2.4% | $19,439,837▲3.0% | $39,502,795▲5.8% | 990 |
| 2023 | $12,292,423▲9.1% | $11,494,122▲4.2% | $18,869,302▲4.4% | $37,342,598▲3.3% | 990 |
| 2022 | $11,269,227▼2.9% | $11,032,362▲6.8% | $18,070,221▲1.3% | $36,157,982▲4.5% | 990 |
| 2021 | $11,600,803▲6.1% | $10,333,899▼4.8% | $17,832,411▲8.0% | $34,615,741▲4.1% | 990 |
| 2020 | $10,938,788▼2.9% | $10,853,299▲2.0% | $16,508,979▲0.5% | $33,263,922▲2.3% | 990 |
| 2019 | $11,260,678▲1.5% | $10,635,358▼2.1% | $16,429,568▲4.1% | $32,503,424▲1.6% | 990 |
| 2018 | $11,096,283▲11.0% | $10,864,504▲11.1% | $15,788,040▲2.5% | $31,987,401▲2.1% | 990 |
| 2017 | $10,000,850▼4.9% | $9,778,398▼4.1% | $15,409,885▲8.0% | $31,337,680▲5.2% | 990 |
| 2015 | $10,514,812▲2.3% | $10,201,376▼6.5% | $14,272,876▲5.3% | $29,780,090▲4.7% | 990 |
| 2014 | $10,281,098▲0.4% | $10,916,184▲12.1% | $13,550,201 | $28,452,946▲3.2% | 990 |
| 2013 | $10,243,201 | $9,736,566▲5.5% | $13,556,142▲7.6% | $27,575,860▲5.3% | 990 |
| 2012 | — | $9,226,886▼7.9% | $12,593,473▲6.6% | $26,183,369▲2.5% | 990 |
| 2011 | — | $10,017,476▲11.6% | $11,809,390▲4.7% | $25,555,297▲4.2% | 990 |
| 2010 | — | $8,980,235 | $11,277,221 | $24,524,435 | 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 Spoon River Electric Co-operative Incorporated a legitimate nonprofit?
- Yes. Spoon River Electric Co-operative Incorporated is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 37-0527067, based in Canton, Illinois.
- What is Spoon River Electric Co-operative Incorporated's EIN?
- Spoon River Electric Co-operative Incorporated's Employer Identification Number (EIN) is 37-0527067.
- How much revenue does Spoon River Electric Co-operative Incorporated report?
- Spoon River Electric Co-operative Incorporated reported $12,488,219 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Spoon River Electric Co-operative Incorporated have?
- CharityIndex grades Spoon River Electric Co-operative Incorporated B, based on financial health (reserves and operating margin).
More nonprofits in Canton
Explore more
Data for Spoon River Electric Co-operative Incorporated (EIN 37-0527067) 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.