Tri-county Electric Cooperative
501(c)(12)
Strong reserves Growing revenue
Tri-county Electric Cooperative is a 501(c)(12) organization based in Portland, Michigan, registered in 1984, with $67,971,587 in FY2023 revenue.
7973 E Grand River Ave, Portland, MI, 48875 EIN 38-1109570 Since 1984
Revenue (FY2023)
$68.0M
▲ 0.5% vs prior year
Expenses (FY2023)
$69.0M
Net assets
$78.7M
Employees
122
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 Tri-county 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 →
AFinancial health25% of the rating14 mo reserves · -1% 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 Tri-county Electric Cooperative: 14 mo reserves · -1% 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 Tri-county Electric Cooperative: 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 Tri-county Electric Cooperative: 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 our members and customers with energy comfort and communication solutions that will enhance their quality of life.
What they do
Revenues from sale of high speed internet to customers 9,863. constructed 618.43 miles of fiber to provide high speed internet and phone service to our electric members and other non-member expansion areas.
Contact & location
Financial trends
Revenue grew from $47.4M (FY2013) to $68.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $157.9MNet assets $78.7M
Operating margin
-1.4%
Spent more than it raised in the latest fiscal year.
Total assets
$236.7M
Total liabilities
$157.9M
Net assets
$78.7M
Salaries & benefits
$9.6M
14% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $67,971,587▲0.5% | $68,955,336▲1.1% | $78,730,899▲3.8% | $236,676,088▲6.0% | 990 |
| 2022 | $67,642,226▲10.1% | $68,228,698▲8.8% | $75,849,912▲7.2% | $223,184,167▲15.1% | 990 |
| 2021 | $61,432,429▲11.4% | $62,723,681▲11.4% | $70,754,607▲7.6% | $193,902,809▲15.0% | 990 |
| 2020 | $55,156,556▲6.6% | $56,283,154▲6.2% | $65,755,886▲6.4% | $168,577,443▲12.9% | 990 |
| 2019 | $51,720,249▲0.9% | $52,994,211▲1.9% | $61,813,866▲0.4% | $149,313,985▲11.4% | 990 |
| 2018 | $51,245,926▲5.4% | $51,984,967▲6.5% | $61,583,631▲0.8% | $134,024,562▲11.2% | 990 |
| 2017 | $48,625,823▲2.4% | $48,825,823▲2.4% | $61,108,506▼0.3% | $120,479,118▲1.3% | 990 |
| 2016 | $47,487,981▼0.4% | $47,687,981▼0.4% | $61,306,079▲1.7% | $118,985,980▲0.7% | 990 |
| 2015 | $47,701,698▼0.1% | $47,901,698▼0.1% | $60,292,054▲2.6% | $118,189,035▲3.2% | 990 |
| 2014 | $47,734,166▲0.8% | $47,934,166▲0.8% | $58,758,388▲3.7% | $114,579,031▲1.9% | 990 |
| 2013 | $47,366,504 | $47,566,504▲2.5% | $56,669,471▲4.2% | $112,468,777▲4.5% | 990 |
| 2012 | — | $46,413,444▲11.2% | $54,369,452▲3.2% | $107,609,132▲1.2% | 990 |
| 2011 | — | $41,722,019▲12.7% | $52,666,210▲4.1% | $106,381,431▲4.6% | 990 |
| 2010 | — | $37,024,844 | $50,593,292 | $101,712,965 | 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 (FY2023)
Highest-paid: Christopher O Neill — $296,774 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher O Neill | President Ceo | 40.8 | $296,774 |
| Patrick Simmer | Cfo Coo | 42.2 | $171,425 |
| Jeremy Zuke | Lineman | 52.56 | $169,688 |
| Christopher Reed | Electric Operations Manager | 46.38 | $158,976 |
| Christian Jensen | Engineering Supervisor | 45.3 | $152,274 |
| Jeremy Zbytowski | Lineman | 47.7 | $150,702 |
| Thomas Manting | Cio | 40.6 | $148,145 |
| Brian Moore | Lineman | 47.87 | $142,222 |
| Luke Pohl | Chairman | 11.93 | $23,405 |
| James Stebbins | Board Member | 12.12 | $22,618 |
| Shirley Sprague | Board Member | 10.16 | $18,995 |
| Theresa Sopocy | Board Member | 7.41 | $17,390 |
| Ed Oplinger | Secretary Treasurer | 4.16 | $15,845 |
| John Lord | Vice Chairman | 8.91 | $15,845 |
| Kimber Hansen | Board Member | 8.36 | $9,660 |
| Jake Borton | Board Member | 7.75 | $8,075 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| B&m Ashman Inc | Fiber Construction | $3,798,634 |
| Spartan Consulting Group LLC | Fiber Construction | $2,339,781 |
| Fioptix Inc | Fiber Construction | $2,283,881 |
| Procare Tree Service LLC DBA Chop Tree Service | Row Clearing | $2,004,213 |
| Wright Tree Service Inc | Row Clearing | $1,461,925 |
Frequently asked questions
- Is Tri-county Electric Cooperative a legitimate nonprofit?
- Yes. Tri-county Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 38-1109570, based in Portland, Michigan.
- What is Tri-county Electric Cooperative's EIN?
- Tri-county Electric Cooperative's Employer Identification Number (EIN) is 38-1109570.
- How much revenue does Tri-county Electric Cooperative report?
- Tri-county Electric Cooperative reported $67,971,587 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Tri-county Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Tri-county Electric Cooperative's latest Form 990 is $296,774, paid to Christopher O Neill (President Ceo).
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Data for Tri-county Electric Cooperative (EIN 38-1109570) 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.