Hancock-Wood Electric Cooperative

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 344253615 ✦ North baltimore, OH ✦ Designated as a 501(c)(12)

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Overview

What is Hancock-Wood Electric Cooperative?

Hancock-Wood Electric Cooperative is a nonprofit organization committed to delivering top-notch services, including premium quality electricity and various utility offerings, to its members and the community at economical prices. Their mission revolves around providing these essential services, ensuring a consistent and reliable experience for all.


Official website here: www.hwe.coop

What are the reviews and ratings of this charity?

Hancock-Wood Electric Cooperative is not currently rated by Charity Navigator. The absence of a rating indicates that the organization has not been evaluated, rather than reflecting any positive or negative performance. A Charity Navigator rating requires data in areas such as Accountability & Finance or Impact & Measurement, which are not applicable here.

Charity Navigator provides ratings primarily for 501(c)(3) organizations, and since Hancock-Wood Electric Cooperative is not registered under this category, it falls outside their evaluation scope. The organization also lacks available financial documentation such as revenue, expenses, or key person salaries, which further limits the possibility of a formal evaluation.

No user reviews are available from GreatNonprofits, leaving a gap in gathering subjective feedback from clients, volunteers, or donors. This absence means potential supporters must seek alternative sources of information to gauge the cooperative’s community impact and operational efficiency.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Hancock-Wood Electric Cooperative?

76% of the 17 reviewers on Facebook recommend Hancock-Wood Electric Cooperative. Here's a summary of their insights:

Many customers express appreciation for the community events, specifically mentioning the fireworks show in Leipsic. One reviewer highlighted how memorable the experience was for their child, indicating that such events create positive community engagement.

Overall, people value the nonprofit’s efforts to contribute to their communities, recognizing the importance of these gatherings and the joy they bring. The cooperative seems to have a positive impact and is viewed favorably by a notable portion of its members.


This AI summary has been generated from reviews found on Facebook.

Is Hancock-Wood Electric Cooperative legitimate?

Hancock-Wood Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Hancock-Wood Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.hwe.coop

What is the mission statement of Hancock-Wood Electric Cooperative?

Hancock-Wood Electric Cooperative is committed to providing top-notch service to its members and community. They offer premium quality electricity and utility services at economical prices. Their mission is to ensure the delivery of reliable and efficient energy solutions to enhance the lives of those they serve. Through their electric distribution program, they strive to meet the unique energy needs of their members while fostering a sense of community engagement. Their goal is to build long-lasting relationships based on trust and mutual respect, ultimately improving the overall quality of life for those they serve.


Official website here: www.hwe.coop

Who is the CEO of Hancock-Wood Electric Cooperative?

Melissa Snyder is the Trustee of Hancock-Wood Electric Cooperative. The CEO's salary of Hancock-Wood Electric Cooperative is $248,505 and their total compensation is $314,837.


Official website here: www.hwe.coop

What is the revenue of Hancock-Wood Electric Cooperative?

Hancock-Wood Electric Cooperative's revenue in 2023 was $51,057,046.


Official website here: www.hwe.coop

Who are the executives of Hancock-Wood Electric Cooperative and what are their salaries?

There are 57 employees at Hancock-Wood Electric Cooperative.


Here are 18 key members and their salaries (Hancock-Wood Electric Cooperative's CEO's salary is $248,505 and their total compensation is $314,837):


Charles Beagle (Trustee)
  • Compensation: $7,950
  • Related: $0
  • Other: $0
Ed Crawford (Trustee)
  • Compensation: $9,100
  • Related: $0
  • Other: $0
Duane Fry (Trustee)
  • Compensation: $15,100
  • Related: $0
  • Other: $0
Thomas Kagy (Trustee)
  • Compensation: $19,200
  • Related: $0
  • Other: $0
Timothy Phillips (Trustee)
  • Compensation: $14,215
  • Related: $0
  • Other: $0
Ronald Riegle (Trustee)
  • Compensation: $11,500
  • Related: $0
  • Other: $0
Brian Terry (Trustee)
  • Compensation: $9,050
  • Related: $0
  • Other: $0
Gene Baker (Chairman)
  • Compensation: $17,325
  • Related: $0
  • Other: $0
Lee Anne Dierksheide (Asst. Secretary/Treasurer)
  • Compensation: $9,650
  • Related: $0
  • Other: $0
William Kale (Vice Chairman)
  • Compensation: $11,900
  • Related: $0
  • Other: $0
William Barnhart (President/Ceo)
  • Compensation: $248,505
  • Related: $0
  • Other: $66,332
Melissa Snyder (Cfo)
  • Compensation: $115,857
  • Related: $0
  • Other: $47,164
Curtis Croy (Coo)
  • Compensation: $143,829
  • Related: $0
  • Other: $36,821
Bradley Fisher (Vice President Engineering & Operations)
  • Compensation: $133,510
  • Related: $0
  • Other: $54,394
Ryan Marquette (It Manager)
  • Compensation: $118,359
  • Related: $0
  • Other: $53,429
Allen Riegle (Line Superintendent)
  • Compensation: $117,040
  • Related: $0
  • Other: $51,474
Joshua Kitzler (Lineman I)
  • Compensation: $116,316
  • Related: $0
  • Other: $39,691
David Ervin (Lineman I)
  • Compensation: $115,467
  • Related: $0
  • Other: $30,553


Official website here: www.hwe.coop

Where can I find the form 990 for Hancock-Wood Electric Cooperative?

Hancock-Wood Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.hwe.coop

Learn more at the official website: www.hwe.coop

Mission Statement of Hancock-Wood Electric Cooperative

Hancock-Wood Electric Cooperative is dedicated to delivering top-notch services and affordable electric and utility solutions to its members and the broader community. This utility cooperative prides itself on ensuring premium quality in all its offerings, making it a trusted name in the industry. With a strong commitment to its consumers, Hancock-Wood Electric Cooperative strives to provide economically priced electricity and other essential services, enhancing the overall quality of life for those it serves. By focusing on the needs and expectations of its members and community, this cooperative goes above and beyond to exceed service standards and deliver a customer experience that sets it apart.

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Impact




October, 2024

Hancock-Wood Electric Cooperative significantly impacts its community by delivering premium quality service and economically priced electricity. Based in North Baltimore, Ohio, the cooperative not only provides essential utility services to its members but also fosters economic growth within the community. By ensuring reliable and affordable electricity, Hancock-Wood supports local businesses and residences, contributing to a higher quality of life for its members. Additionally, the cooperative's commitment to public benefit promotes sustainable practices and community engagement, further enhancing its positive influence in the region.




This information is meant to be a general summary of Hancock-Wood Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$51,057,046 (2023)
Expenses
$46,384,540 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $99,151
  • Program Service Revenue: $49,156,147
  • Gross Receipts: $51,057,046

Assets and Liabilities:

  • Total Assets: $138,392,432
  • Total Liabilities: $60,225,150
  • Net Assets: $78,167,282

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ELECTRIC REVENUES

Revenue

$48,841,894

OTHER ELECTIC REVENUES

Revenue

$314,253

Organization Details

Founding Year

1938

Principal Officer

Melissa Snyder

Main Address

1399 BUSINESS PARK DRIVE SOUTH, NORTH BALTIMORE, OH, 45872

NTEE Category

Code: W80 - Public benefit

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