Union Rural Electric Co-op Inc
501(c)(12)
100% goes to programs Strong reserves
Union Rural Electric Co-op Inc is a 501(c)(12) organization based in Marysville, Ohio, registered in 1937, with $65,687,173 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
15461 Us Highway 36, Marysville, OH, 43040 EIN 31-4329510 Since 1937
Revenue (FY2024)
$65.7M
▼ 1.9% vs prior year
Expenses (FY2024)
$65.7M
Net assets
$59.9M
Employees
52
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Union Rural Electric Co-op Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · -0% 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 Union Rural Electric Co-op Inc: 11 mo reserves · -0% 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 Union Rural Electric Co-op Inc: 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 Union Rural Electric Co-op Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Our mission is to make a difference in our community by delivering safe and reliable energy to our members at fair prices.
Contact & location
- Address
- 15461 Us Highway 36, Marysville, OH, 43040
- City
- Marysville
- State
- Ohio
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $57.3M (FY2020) to $65.7M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $60.7MNet assets $59.9M
Operating margin
-0.0%
Spent more than it raised in the latest fiscal year.
Total assets
$120.5M
Total liabilities
$60.7M
Net assets
$59.9M
Salaries & benefits
$814K
1% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $65,687,173▼1.9% | $65,687,910▲3.5% | $59,887,677▲1.0% | $120,545,250▲4.7% | 990 |
| 2023 | $66,933,265▲5.9% | $63,489,901▲0.4% | $59,314,635▲7.3% | $115,149,437▲3.0% | 990 |
| 2022 | $63,176,541▲3.5% | $63,239,404▲3.5% | $55,269,257▲1.7% | $111,821,827▲3.9% | 990 |
| 2021 | $61,032,798▲6.6% | $61,097,962▲6.6% | $54,339,427▲0.7% | $107,663,886▲1.4% | 990 |
| 2020 | $57,269,067 | $57,329,578 | $53,972,505 | $106,152,852 | 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: Anthony P Smith — $280,745 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anthony P Smith | President/ceo | 45 | $280,745 |
| Matthew J Zarnosky | Coo | 45 | $186,268 |
| David G Speicher | Vp Finance/cfo | 45 | $186,042 |
| Michael C Aquillo | Cxo | 40 | $169,979 |
| Sean T Luellen | Crew Leader | 44.89 | $135,769 |
| Benjamin A Hoyer | Crew Leader | 45.81 | $132,184 |
| Steve Lentz | Director of Information Technology | 45 | $132,170 |
| David Thornton | Trustee | 3.11 | $21,070 |
| Steve Patton | Trustee, Chairman | 3.13 | $13,275 |
| Dale Scheiderer | Trustee, Treasurer | 3.28 | $12,975 |
| Dan Westlake | Trustee, Vice Chairman | 2.67 | $12,975 |
| Jeffrey Reinhard | Trustee | 3.27 | $12,675 |
| Mark Lotcyz | Trustee | 2.72 | $12,625 |
| Clifford Collins | Trustee | 5.29 | $7,525 |
| Jeffrey Wilson | Trustee, Secretary | 2.76 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cooperative Building Solutions LLC | Building Contractor | $2,321,554 |
| New River Electrical Corp | Electric Utility Construction | $2,272,619 |
| Rahrig Tree Co Inc | Right-of-way Clearing | $498,322 |
| National Information Solutions Co | Software Support | $229,838 |
| Gsp Networks | Fiber Installation | $148,161 |
Grants made · $98K in FY2024
5 grants totaling $98K in FY2024. All grants made by Union Rural Electric Co-op Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Miscellaneous Under 5000 Dollars | Misc community support | $47,915 |
| Community Foundation of Union County Inc | Contribution to youth scholarship fund housed at community foundation of union county, inc | $27,000 |
| Ohio County & Independent Agricultural Societies | Capital campaign to build and improve buildings on the fairgrounds | $10,000 |
| Union County Junior Fair Livestock Committee | Grand total of winning bids of livestock and other fair projects by children and youth | $7,300 |
| Richwood Junior Fair Livestock Committee | Grand total of winning bids of livestock and other fair projects by children and youth | $6,069 |
Frequently asked questions
- Is Union Rural Electric Co-op Inc a legitimate nonprofit?
- Yes. Union Rural Electric Co-op Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 31-4329510, based in Marysville, Ohio.
- What is Union Rural Electric Co-op Inc's EIN?
- Union Rural Electric Co-op Inc's Employer Identification Number (EIN) is 31-4329510.
- How much revenue does Union Rural Electric Co-op Inc report?
- Union Rural Electric Co-op Inc reported $65,687,173 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Union Rural Electric Co-op Inc's spending goes to programs?
- Union Rural Electric Co-op Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Union Rural Electric Co-op Inc have?
- CharityIndex grades Union Rural Electric Co-op Inc A+, based on program efficiency and fundraising cost.
- How much does Union Rural Electric Co-op Inc's highest-paid employee make?
- The highest reported compensation on Union Rural Electric Co-op Inc's latest Form 990 is $280,745, paid to Anthony P Smith (President/ceo).
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Data for Union Rural Electric Co-op Inc (EIN 31-4329510) 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.