Overview
What is The Victory Electric Cooperative Association Inc?
The Victory Electric Cooperative Association Inc is a nonprofit organization based in Dodge City, Kansas. With 80 employees, their primary mission is to provide quality, reliable electric service to the cooperative's members on a cooperative basis, as stated in the 20,155 active services at year end. They emphasize safety, affordability, economic development, and financial stability, using prudent business practices and advanced technology. The cooperative aims to allocate patronage capital and ensure the delivery of a dependable energy supply to its consumers.
Official website here: www.victoryelectric.net
What are the reviews and ratings of this charity?
The Victory Electric Cooperative Association Inc is not currently rated by Charity Navigator as it does not fall under the 501(c)(3) IRS classification that the evaluation system uses. Without this classification, the organization is excluded from being assessed under several crucial methodologies such as Accountability & Finance, Impact & Measurement, and Leadership & Adaptability. Therefore, the absence of a rating is not indicative of any negative or positive aspects of the organization but rather a reflection of its ineligibility for certain evaluation criteria.
Historically, what ratings were assigned mainly aligned with the Accountability and Finance aspects relevant at the time, though these did not include considerations on Leadership, Culture, or Impact. As Victory Electric does not file Form 990 due to its classification, there is no available data on its financials or leadership remuneration, which further restricts any current assessments on Charity Navigator.
There are no user reviews available on GreatNonprofits, preventing an evaluation based on consumer feedback. Without these insights, the assessment remains purely structural, depending on eligibility factors instead of user experiences or direct impact measurements.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Victory Electric Cooperative Association Inc?
98% of 286 reviewers on Facebook recommend The Victory Electric Cooperative Association Inc. Here is a summary of their reviews:
Many customers express a high level of appreciation for the services provided by the cooperative, noting their gratitude for the work that the team does to keep the community powered. However, some concerns have been raised regarding outages, particularly instances where individuals have been without power for extended periods, while neighboring areas remained unaffected. This indicates a potential area for improvement in reliability during challenging weather situations or infrastructure updates.
Overall, while the majority of users support the cooperative and find value in their service, there is a noticeable concern regarding inconsistent power supply for some residents. Addressing these reliability issues could enhance the satisfaction levels even further among the community members.
This AI summary has been generated from reviews found on Facebook.
Is The Victory Electric Cooperative Association Inc legitimate?
The Victory Electric Cooperative Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. The Victory Electric Cooperative Association Inc 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: $1,374,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,649,787
For more financial information, click here
Official website here: www.victoryelectric.net
What is the mission statement of The Victory Electric Cooperative Association Inc?
The Victory Electric Cooperative Association Inc is dedicated to delivering safe and reliable electric service to its cooperative members at competitive rates. The organization's mission extends beyond energy provision, as it aims to foster economic development opportunities and offer essential services to consumers. Financial stability is ensured through the implementation of prudent business practices and the adoption of the latest technology. The cooperative provides electric energy on a cooperative basis, distributing patronage capital to its members. At the end of the year, there were 20,155 active services under its purview.
Official website here: www.victoryelectric.net
Who is the CEO of The Victory Electric Cooperative Association Inc?
Shane Laws is the Trustee of The Victory Electric Cooperative Association Inc. The CEO's salary of The Victory Electric Cooperative Association Inc is $378,139 and their total compensation is $539,958.
Official website here: www.victoryelectric.net
What is the revenue of The Victory Electric Cooperative Association Inc?
The Victory Electric Cooperative Association Inc's revenue in 2022 was $87,729,431.
Official website here: www.victoryelectric.net
Who are the executives of The Victory Electric Cooperative Association Inc and what are their salaries?
The average compensation at The Victory Electric Cooperative Association Inc during 2022 was $62,805. There are 80 employees at The Victory Electric Cooperative Association Inc.
Here are 19 key members and their salaries (The Victory Electric Cooperative Association Inc's CEO's salary is $378,139 and their total compensation is $539,958):
- Compensation: $24,839
- Related: $0
- Other: $0
- Compensation: $32,618
- Related: $0
- Other: $0
- Compensation: $23,818
- Related: $0
- Other: $0
- Compensation: $28,439
- Related: $0
- Other: $0
- Compensation: $4,417
- Related: $0
- Other: $0
- Compensation: $26,039
- Related: $0
- Other: $0
- Compensation: $36,518
- Related: $0
- Other: $0
- Compensation: $28,139
- Related: $0
- Other: $0
- Compensation: $24,239
- Related: $0
- Other: $0
- Compensation: $24,539
- Related: $0
- Other: $0
- Compensation: $34,718
- Related: $0
- Other: $0
- Compensation: $378,139
- Related: $0
- Other: $161,819
- Compensation: $185,135
- Related: $0
- Other: $94,303
- Compensation: $165,024
- Related: $0
- Other: $101,883
- Compensation: $144,687
- Related: $0
- Other: $153,049
- Compensation: $133,905
- Related: $0
- Other: $92,444
- Compensation: $131,377
- Related: $0
- Other: $73,913
- Compensation: $120,859
- Related: $0
- Other: $131,639
- Compensation: $118,144
- Related: $0
- Other: $48,426
Official website here: www.victoryelectric.net
Where can I find the form 990 for The Victory Electric Cooperative Association Inc?
The Victory Electric Cooperative Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.victoryelectric.net
Learn more at the official website: www.victoryelectric.net
Mission Statement of The Victory Electric Cooperative Association Inc
The Victory Electric Cooperative Association Inc is a dedicated organization committed to delivering quality and reliable electric service to its cooperative members. With a mission to provide a safe, dependable energy supply at competitive rates, this nonprofit goes beyond just powering homes and businesses. It aims to stimulate economic development opportunities for its consumers, ensuring the financial stability of the cooperative through prudent business practices and the use of modern technology.
At the core of The Victory Electric Cooperative Association Inc's operations is the cooperative principle, which involves the allocation of patronage capital to its members. This means that as the members use electricity, they contribute to the cooperative, and in turn, they share in the profits. By the end of the year, there were 20,155 active services being powered by the cooperative. In essence, The Victory Electric Cooperative Association Inc is not just a utility provider; it is a cooperative that empowers its members and invests in their communities.
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Impact
October, 2024
The Victory Electric Cooperative Association Inc significantly impacts its community by delivering quality and reliable electric service to over 20,000 active members. Based in Dodge City, Kansas, the cooperative prioritizes safety and reliability while maintaining competitive rates. By fostering economic development opportunities, it enhances the local economy and supports the needs of its consumers. The cooperative's commitment to prudent business practices and the use of modern technology ensures financial stability, allowing it to continue providing essential energy services to its members. Through its efforts, The Victory Electric Cooperative not only meets the immediate electrical needs of its community but also contributes to long-term sustainability and growth.
This information is meant to be a general summary of The Victory Electric Cooperative Association Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $194,831
- Program Service Revenue: $87,476,090
- Gross Receipts: $87,760,907
Assets and Liabilities:
- Total Assets: $184,950,618
- Total Liabilities: $108,224,506
- Net Assets: $76,726,112
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$78,484,311
SERVICE FEES
Revenue
$5,320,353
PATRONAGE DIVIDENDS
Revenue
$3,414,634
TRANSMISSION/WHEELING
Revenue
$256,792
Organization Details
Founding Year
1945
Phone
(620) 227-2139Principal Officer
Shane Laws
Main Address
PO BOX 1335, DODGE CITY, KS, 678011335
Website
www.victoryelectric.netNTEE Category
Code: W80 - Public benefit
If you are a representative of The Victory Electric Cooperative Association Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.