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 Madison, Florida, registered in 1942, with $59,242,930 in FY2024 revenue. CharityIndex grades it B.
2862 W Us 90, Madison, FL, 32340 EIN 59-0485704 Since 1942
Revenue (FY2024)
$59.2M
▲ 12.0% vs prior year
Expenses (FY2024)
$60.0M
Net assets
$47.2M
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 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 · -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 Inc: 9 mo reserves · -1% 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 →
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 Tri-county Electric Cooperative Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $37.7M (FY2013) to $59.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $226.3MNet assets $47.2M
Operating margin
-1.3%
Spent more than it raised in the latest fiscal year.
Total assets
$273.5M
Total liabilities
$226.3M
Net assets
$47.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $59,242,930▲12.0% | $59,992,930▲13.4% | $47,170,635▲8.5% | $273,464,698▲41.4% | 990 |
| 2023 | $52,888,646▼1.2% | $52,888,646▼1.2% | $43,478,925▲8.8% | $193,404,609▲63.3% | 990 |
| 2022 | $53,542,460▲31.6% | $53,542,460▲31.6% | $39,949,304▲3.4% | $118,418,057▲15.7% | 990 |
| 2021 | $40,691,529▲2.5% | $40,691,529▲2.5% | $38,650,553▲1.1% | $102,346,093▲2.7% | 990 |
| 2020 | $39,706,561▼2.3% | $39,706,561▼2.3% | $38,237,528▲1.0% | $99,676,333▲2.2% | 990 |
| 2019 | $40,644,380▲0.5% | $40,644,380▲0.5% | $37,860,335▲2.1% | $97,541,131▲1.9% | 990 |
| 2018 | $40,441,015▲2.8% | $40,441,015▲2.8% | $37,073,352▲3.1% | $95,764,105▲1.4% | 990 |
| 2017 | $39,356,517▼0.6% | $39,356,517▼0.6% | $35,949,659▲2.5% | $94,453,665▲5.6% | 990 |
| 2016 | $39,606,884▼3.4% | $39,606,884▼3.4% | $35,083,550▲2.0% | $89,405,672▲3.6% | 990 |
| 2015 | $41,019,882▲0.3% | $41,019,882▲0.3% | $34,394,173▲5.8% | $86,325,842▲4.6% | 990 |
| 2014 | $40,895,696▲8.5% | $40,895,696▲8.5% | $32,516,178▲7.5% | $82,546,631▲2.6% | 990 |
| 2013 | $37,678,489 | $37,678,489 | $30,255,582 | $80,470,753 | 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 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 59-0485704, based in Madison, Florida.
- What is Tri-county Electric Cooperative Inc's EIN?
- Tri-county Electric Cooperative Inc's Employer Identification Number (EIN) is 59-0485704.
- How much revenue does Tri-county Electric Cooperative Inc report?
- Tri-county Electric Cooperative Inc reported $59,242,930 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 B, based on financial health (reserves and operating margin).
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Data for Tri-county Electric Cooperative Inc (EIN 59-0485704) 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.