Washington-st Tammany Electric Cooperative Inc 1570
501(c)(12)
100% goes to programs Growing revenue
Washington-st Tammany Electric Cooperative Inc 1570 is a 501(c)(12) organization based in Franklinton, Louisiana, registered in 1939, with $119,527,789 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box 697, Franklinton, LA, 70438 EIN 72-6027617 Since 1939
Revenue (FY2023)
$119.5M
▲ 1.5% vs prior year
Expenses (FY2023)
$117.0M
Net assets
$58.4M
Employees
98
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 Washington-st Tammany Electric Cooperative Inc 1570: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +2% 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-st Tammany Electric Cooperative Inc 1570: 6 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Washington-st Tammany Electric Cooperative Inc 1570: 5 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 Washington-st Tammany Electric Cooperative Inc 1570: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide safe reliable and cost effective electric utility service to cooperative members in southeast louisiana and southern mississippi.
Contact & location
- Address
- Po Box 697, Franklinton, LA, 70438
- City
- Franklinton
- State
- Louisiana
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $92.2M (FY2020) to $119.5M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $227.0MNet assets $58.4M
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$285.4M
Total liabilities
$227.0M
Net assets
$58.4M
Salaries & benefits
$1.1M
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $119,527,789▲1.5% | $116,982,593▲0.1% | $58,411,739▲4.4% | $285,436,226▲3.1% | 990 |
| 2022 | $117,802,311▲21.0% | $116,915,429▲24.5% | $55,956,557▲1.4% | $276,965,432▲3.9% | 990 |
| 2021 | $97,380,073▲5.6% | $93,942,930▲4.1% | $55,191,746▲6.4% | $266,667,290▲17.0% | 990 |
| 2020 | $92,172,871 | $90,233,312 | $51,869,411 | $227,991,682 | 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: Charles Hill — $361,859 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charles Hill | Previous General Manager and Ceo | 40 | $361,859 |
| Dane Hocott | General Manager and Ceo | 50 | $238,570 |
| Walter Sylvest | Manager of Finance and Administration | 45 | $173,863 |
| Bryan Jones | Manager of Engineering | 45 | $141,415 |
| Ricky Simpson | Lineman | 50 | $139,556 |
| Daniel Wood | Lineman | 48 | $139,213 |
| David Jenkins | Lineman | 55 | $131,428 |
| Daniel Anthony | Lineman | 52 | $129,554 |
| Charles Graves | Board Member | 8 | $38,419 |
| Charles Singletary | Board Member | 4 | $38,219 |
| Francis Cefalu | Board President | 4 | $34,150 |
| Billy Rester | Board Member | 8 | $28,620 |
| Dennis Glass | Board Vice President | 10 | $19,795 |
| Glenn Magee | Treasurer | 8 | $18,484 |
| Joeseph Jarrell | Board Member | 10 | $8,234 |
| Olander Smith | Board Secretary | 10 | $7,034 |
| Frederick Smith | Board Member | 5 | $6,334 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Creel Brothers Inc | Right of Way Clearing | $4,350,433 |
| Chain Electric Company | Powerline Construction | $2,839,475 |
| Lewis Service Inc | Labor Contactor | $1,237,474 |
| E P Breaux Utility Service | Substation Repair | $531,414 |
| Jerdan Services LLC | Right of Way Spraying/mowing | $402,783 |
Frequently asked questions
- Is Washington-st Tammany Electric Cooperative Inc 1570 a legitimate nonprofit?
- Yes. Washington-st Tammany Electric Cooperative Inc 1570 is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 72-6027617, based in Franklinton, Louisiana.
- What is Washington-st Tammany Electric Cooperative Inc 1570's EIN?
- Washington-st Tammany Electric Cooperative Inc 1570's Employer Identification Number (EIN) is 72-6027617.
- How much revenue does Washington-st Tammany Electric Cooperative Inc 1570 report?
- Washington-st Tammany Electric Cooperative Inc 1570 reported $119,527,789 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Washington-st Tammany Electric Cooperative Inc 1570's spending goes to programs?
- Washington-st Tammany Electric Cooperative Inc 1570 spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Washington-st Tammany Electric Cooperative Inc 1570 have?
- CharityIndex grades Washington-st Tammany Electric Cooperative Inc 1570 A, based on program efficiency and fundraising cost.
- How much does Washington-st Tammany Electric Cooperative Inc 1570's highest-paid employee make?
- The highest reported compensation on Washington-st Tammany Electric Cooperative Inc 1570's latest Form 990 is $361,859, paid to Charles Hill (Previous General Manager and Ceo).
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Data for Washington-st Tammany Electric Cooperative Inc 1570 (EIN 72-6027617) 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.