Coosa Valley Electric Cooperative Inc

EIN: 630049012

Talladega, AL

Total Revenue
$60,472,758
Total Expenses
$60,472,758
Total Assets
$214,149,350
Net Assets
$70,951,590
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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
AL
Principal Officer
Jon Cullimore
Phone
2563624180
Tax Period
2024-01-01 to 2024-12-31

Coosa Valley Electric Cooperative Inc, founded in 1939, is a mid-sized nonprofit that reported $42.5M in total revenue in fiscal year 2018.

Mission

Coosa Valley Electric Cooperative is a member owned and operated total energy cooperative providing economic and community development while delivering high quality services at competitive rates with competent and well-trained employees adhering to strong and ethical business practices.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $53,901,519
Investment Income $137,414
Other Revenue $6,433,825
TOTAL REVENUE $60,472,758

Expense Breakdown

Grants Paid $28,500
Salaries & Benefits $697,935
Fundraising Expenses $0
Other Expenses $53,558,649
TOTAL EXPENSES $60,472,758

Year-over-Year Comparison

2024 2023 Change
Revenue $60,472,758 $57,978,806 +0.0%
Expenses $60,472,758 $57,978,806 +0.0%
Net Income $0 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
81
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$584,585
Total Directors
7
$185,650
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Land Vice President 5.00
Officer Director
$17,200 $0 $17,200
Marilyn George Davis President 5.00
Officer Director
$28,650 $0 $28,650
Michael Hubbard Secretary/Treasurer 5.00
Officer Director
$26,450 $0 $26,450
Sammy Gallman Director 5.00
Director
$31,400 $0 $31,400
Christine Garrett Director 5.00
Director
$27,400 $0 $27,400
Robert Dixon Director 5.00
Director
$27,000 $0 $27,000
Dennis Brasher Director 5.00
Director
$27,550 $0 $27,550
Kim Maye CFO 50.00
Officer
$142,321 $55,182 $197,503
Jon Cullimore General Manager 50.00
Officer
$218,856 $95,926 $314,782
Spencer Whisenant Mgr Engineering 50.00
Highest
$121,424 $9,376 $130,800
Allen Perly Crew Chief Lineman 50.00
Highest
$148,405 $45,605 $194,010
Roy Henderson Crew Chief Lineman 50.00
Highest
$154,483 $30,575 $185,058
Matt Walker Crew Chief Lineman 50.00
Highest
$159,213 $18,559 $177,772
Robert Smith Manager of Operations 50.00
Highest
$155,205 $149,402 $304,607
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2024 $60,472,758 $60,472,758 $214,149,350 No data
2023 $57,978,806 $57,978,806 $190,829,754 No data
2022 $50,119,583 $50,119,583 $161,924,550 No data
2021 $42,681,564 $42,681,564 $137,764,324 No data
2020 $41,121,533 $41,121,533 $115,936,662 No data
2019 $42,305,906 $42,305,906 $111,161,917 No data
2018 $42,549,251 $42,549,251 $108,923,758 No data
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