Tri-county Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Tri-county Electric Cooperative Inc is a 501(c)(12) organization based in St Matthews, South Carolina, registered in 1942, with $60,477,472 in FY2024 revenue. CharityIndex grades it C+.
Po Box 217, St Matthews, SC, 29135 EIN 57-0263136 Since 1942
Revenue (FY2024)
$60.5M
▲ 14.0% vs prior year
Expenses (FY2024)
$58.2M
Net assets
$43.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
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 Tri-county Electric Cooperative Inc— 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 rating9 mo reserves · +4% 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 Inc: 9 mo reserves · +4% 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 Tri-county Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 217, St Matthews, SC, 29135
- City
- St Matthews
- State
- South Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $44.4M (FY2016) to $60.5M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $135.5MNet assets $43.3M
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$178.7M
Total liabilities
$135.5M
Net assets
$43.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $60,477,472▲14.0% | $58,185,768▲12.2% | $43,264,696▲13.7% | $178,725,180▲3.1% | 990 |
| 2023 | $53,067,650▲9.9% | $51,881,148▲4.6% | $38,047,994▲14.7% | $173,402,940▲6.4% | 990 |
| 2022 | $48,302,778▲5.5% | $49,617,281▲8.5% | $33,157,838▲6.6% | $162,951,280▲17.2% | 990 |
| 2021 | $45,784,852▲3.7% | $45,750,458▲3.2% | $31,103,402▲3.1% | $138,986,472▲23.7% | 990 |
| 2020 | $44,160,884▼1.1% | $44,324,911▼0.9% | $30,166,275▲4.1% | $112,327,920▲8.3% | 990 |
| 2019 | $44,673,882▼2.1% | $44,710,887▼2.4% | $28,972,524▲0.8% | $103,672,390▲1.9% | 990 |
| 2018 | $45,643,306▲1.3% | $45,816,882▲1.8% | $28,739,170▲4.5% | $101,742,787▲1.9% | 990 |
| 2017 | $45,068,970▲1.4% | $44,988,827▲1.3% | $27,490,472▲3.5% | $99,816,748▲10.7% | 990 |
| 2016 | $44,430,231 | $44,401,649 | $26,564,486 | $90,184,560 | 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.
Grants received · $207K total
2 grants to Tri-county Electric Cooperative Inc totaling $207K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Electric Power Cooperative Inc | Economic development | 2024 | $187,199 |
| Central Electric Power Cooperative Inc | Economic development | 2022 | $20,000 |
Frequently asked questions
- Is Tri-county Electric Cooperative Inc a legitimate nonprofit?
- Yes. Tri-county Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 57-0263136, based in St Matthews, South Carolina.
- What is Tri-county Electric Cooperative Inc's EIN?
- Tri-county Electric Cooperative Inc's Employer Identification Number (EIN) is 57-0263136.
- How much revenue does Tri-county Electric Cooperative Inc report?
- Tri-county Electric Cooperative Inc reported $60,477,472 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Tri-county Electric Cooperative Inc have?
- CharityIndex grades Tri-county Electric Cooperative Inc C+, based on financial health (reserves and operating margin).
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Data for Tri-county Electric Cooperative Inc (EIN 57-0263136) 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.