Washington Electric Co-operative Inc
501(c)(12)
Only null% goes to programs Strong reserves
Washington Electric Co-operative Inc is a 501(c)(12) organization based in E Montpelier, Vermont, registered in 1940, with $8,182,204 in FY2024 revenue. CharityIndex grades it B.
Po Box 8, E Montpelier, VT, 05651 EIN 03-0165895 Since 1940
Revenue (FY2024)
$8.2M
▲ 4.1% vs prior year
Expenses (FY2024)
$8.2M
Net assets
$26.9M
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 Washington Electric Co-operative 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 rating39 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 Washington Electric Co-operative Inc: 39 mo reserves · +0% 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 Washington Electric Co-operative 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 Washington Electric Co-operative Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 8, E Montpelier, VT, 05651
- City
- E Montpelier
- State
- Vermont
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $7.0M (FY2013) to $8.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $39.1MNet assets $26.9M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$66.0M
Total liabilities
$39.1M
Net assets
$26.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,182,204▲4.1% | $8,182,204▲4.1% | $26,885,508▲2.5% | $65,979,044▲0.7% | 990 |
| 2023 | $7,858,542▲13.0% | $7,858,542▲13.0% | $26,241,015▲2.7% | $65,549,921▲0.2% | 990 |
| 2022 | $6,953,598▼10.0% | $6,953,598▼10.0% | $25,544,068▲0.4% | $65,420,825▲0.5% | 990 |
| 2021 | $7,723,306▼9.9% | $7,723,306▼9.9% | $25,436,147▲1.4% | $65,071,467▼1.8% | 990 |
| 2020 | $8,572,091▲16.1% | $8,572,091▲16.1% | $25,082,476▲4.1% | $66,274,295▲2.1% | 990 |
| 2019 | $7,384,179▲5.0% | $7,384,179▲5.0% | $24,088,038▲1.1% | $64,942,858▲0.4% | 990 |
| 2018 | $7,033,808▲2.7% | $7,033,808▲2.7% | $23,817,288▲0.3% | $64,661,433▼1.3% | 990 |
| 2017 | $6,850,494▼8.2% | $6,850,494▼8.2% | $23,754,187▲0.5% | $65,491,865▲2.3% | 990 |
| 2016 | $7,462,987▲2.8% | $7,462,987▲2.8% | $23,645,365▲4.5% | $64,016,452▲4.3% | 990 |
| 2015 | $7,260,653▼0.1% | $7,260,653▼0.1% | $22,624,474▲4.5% | $61,378,609▼0.5% | 990 |
| 2014 | $7,268,516▲3.2% | $7,268,516▲3.2% | $21,650,009▲5.0% | $61,669,617▲0.7% | 990 |
| 2013 | $7,046,319 | $7,046,319 | $20,620,923 | $61,260,547 | 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 Washington Electric Co-operative Inc a legitimate nonprofit?
- Yes. Washington Electric Co-operative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 03-0165895, based in E Montpelier, Vermont.
- What is Washington Electric Co-operative Inc's EIN?
- Washington Electric Co-operative Inc's Employer Identification Number (EIN) is 03-0165895.
- How much revenue does Washington Electric Co-operative Inc report?
- Washington Electric Co-operative Inc reported $8,182,204 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Washington Electric Co-operative Inc have?
- CharityIndex grades Washington Electric Co-operative Inc B, based on financial health (reserves and operating margin).
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Data for Washington Electric Co-operative Inc (EIN 03-0165895) 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.