Tri-County Electric Cooperative Inc

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

EIN: 570263136 ✦ St matthews, SC ✦ Designated as a 501(c)(12)

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Overview

What is Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc, based in St. Matthews, South Carolina (PO Box 217), is a dedicated nonprofit organization focused on delivering superior electric services to residents and businesses within its system area. With a team of 66 employees, they are committed to offering the best possible electric service to all who desire it, ensuring a reasonable cost that aligns with the highest standards of service.

What are the reviews and ratings of this charity?

Tri-County Electric Cooperative Inc is not rated by Charity Navigator as it is not a 501(c)(3) IRS registered nonprofit, a requirement for evaluation by the platform. This absence of a rating is not indicative of the organization's performance, rather it points to a lack of available financial and operational transparency typically required for such assessments.

The organization's financial data, such as total revenue and expenses or the salary of key persons, is not available, which further limits what can be reported by rating platforms. As an independent entity, Tri-County Electric Cooperative operates outside of the typical nonprofit structures evaluated by Charity Navigator, which assesses factors like accountability and finance for 501(c)(3) organizations.

User reviews on GreatNonprofits are unavailable, leaving a gap in customer-based feedback. Without these insights, it remains unclear what individual or community experiences with the cooperative might be.


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

Is Tri-County Electric Cooperative Inc legitimate?

Tri-County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-County Electric Cooperative 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: $524,612
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc strives to deliver top-notch electric service to all who seek it within its operational area, ensuring a reasonable cost that aligns with the highest service standards. The cooperative is dedicated to meeting the electricity needs of its community effectively and efficiently. Its overarching goal is to provide dependable and affordable electric service, enhancing the quality of life for its customers. Additionally, the cooperative is committed to maintaining the highest operational and customer service standards, focusing on reliability and customer satisfaction.

Who is the CEO of Tri-County Electric Cooperative Inc?

Chad Lowder is the Ceo of Tri-County Electric Cooperative Inc. The CEO's salary of Tri-County Electric Cooperative Inc is $234,447 and their total compensation is $351,910.

What is the revenue of Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc's revenue in 2022 was $48,302,778.

Who are the executives of Tri-County Electric Cooperative Inc and what are their salaries?

The average compensation at Tri-County Electric Cooperative Inc during 2022 was $7,949. There are 66 employees at Tri-County Electric Cooperative Inc.


Here are 15 key members and their salaries (Tri-County Electric Cooperative Inc's CEO's salary is $234,447 and their total compensation is $351,910):


Chad Lowder (Ceo)
  • Compensation: $234,447
  • Related: $0
  • Other: $117,463
Jerrell Furtick (Coo)
  • Compensation: $174,221
  • Related: $0
  • Other: $89,069
Michael Weeks (Cfo)
  • Compensation: $155,820
  • Related: $0
  • Other: $84,678
George Stone (Serviceman/L)
  • Compensation: $101,042
  • Related: $0
  • Other: $56,780
Airfineil Whitmore (Sup. System)
  • Compensation: $104,392
  • Related: $0
  • Other: $45,341
Ida L Dixon (Vice Preside)
  • Compensation: $26,780
  • Related: $0
  • Other: $0
Billy Shannon (Trustee - Fo)
  • Compensation: $24,170
  • Related: $0
  • Other: $0
Willie E Jeffries (Trustee)
  • Compensation: $23,067
  • Related: $0
  • Other: $0
George Wilson (Trustee)
  • Compensation: $22,842
  • Related: $0
  • Other: $0
Gary F Geiger (Treasurer)
  • Compensation: $20,367
  • Related: $0
  • Other: $0
James R Dantzler (Trustee)
  • Compensation: $19,186
  • Related: $0
  • Other: $0
Barbara Weston (President)
  • Compensation: $17,358
  • Related: $0
  • Other: $0
Jacqueline S Shaw (Secretary)
  • Compensation: $15,136
  • Related: $0
  • Other: $0
Joe Strickland Jr (Trustee)
  • Compensation: $14,011
  • Related: $0
  • Other: $0
William Robinson (Trustee)
  • Compensation: $13,955
  • Related: $0
  • Other: $0
Where can I find the form 990 for Tri-County Electric Cooperative Inc?

Tri-County Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Tri-County Electric Cooperative Inc

Tri-County Electric Cooperative Inc, a dedicated electric service provider, is committed to delivering top-tier electric solutions to all those who seek it within their system area. The cooperative's mission is grounded in the belief of making quality electric services accessible to everyone at a reasonable and affordable cost. In pursuit of this goal, Tri-County Electric Cooperative Inc sets the bar high, striving for the highest standards of service to ensure customer satisfaction. This mission statement reflects the cooperative's unwavering commitment to providing reliable and efficient electric services to its community. By focusing on both the quality and affordability of its offerings, Tri-County Electric Cooperative Inc has positioned itself as a trusted and reliable electric service provider within its area.

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Impact




October, 2024

Tri-County Electric Cooperative Inc significantly impacts the communities it serves by ensuring reliable and affordable electric service. Based in St. Matthews, South Carolina, the organization prioritizes the delivery of high-quality electricity while maintaining reasonable costs for its members. Through its commitment to service excellence, Tri-County Electric Cooperative enhances the quality of life for residents within its service area, supporting both personal and community growth. The focus on accessibility and affordability of electric service contributes to economic development and sustainability in the region, making it a vital resource for local households and businesses alike.




This information is meant to be a general summary of Tri-County Electric Cooperative 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.

Revenue
$48,302,778 (2022)
Expenses
$49,617,281 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $175,504
  • Program Service Revenue: $48,127,274
  • Gross Receipts: $48,302,778

Assets and Liabilities:

  • Total Assets: $162,951,280
  • Total Liabilities: $129,793,442
  • Net Assets: $33,157,838

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Programs

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

ELECTRIC ENERGY SALES

Revenue

$44,851,954

FIBER ACCESS REVENUE

Revenue

$2,265,545

PATRONAGE CAPITAL - ASSOCIATE

Revenue

$976,047

POLE RENTAL REVENUE

Revenue

$33,728

Organization Details

Founding Year

1940

Principal Officer

Chad Lowder

Main Address

PO BOX 217, ST MATTHEWS, SC, 291350217

NTEE Category

Code: W80 - Public benefit

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