West Florida Electric Cooperative Association Inc

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

EIN: 590504115 ✦ Graceville, FL ✦ Designated as a 501(c)(12)

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Overview

What is West Florida Electric Cooperative Association Inc?

West Florida Electric Cooperative Association Inc is a nonprofit organization dedicated to delivering a dependable electricity supply and additional self-sustaining services to its members at the most affordable cost. They prioritize sound financial responsibilities and effective management practices to ensure the continuity of their operations. Providing electricity sales to their members is the primary mission of this cooperative association.


Official website here: www.wfeca.com

What are the reviews and ratings of this charity?

West Florida Electric Cooperative Association Inc currently does not have a rating on Charity Navigator. This absence of a rating is attributed to its status as a non-501(c)(3) organization, which excludes it from the eligibility criteria for a full evaluation. The historical ratings that exist are primarily reflective of the organization's Accountability and Finance components.

As there are no detailed financial data such as Total Revenue, Expenses, or Salary of Key Persons, a comprehensive financial assessment is not feasible. The organization's independent status suggests no affiliation with larger bodies, which may impact its evaluations differently than those for subsidiaries of larger nonprofits.

Without specific user reviews from GreatNonprofits or comprehensive evaluation data from Charity Navigator, forming an assessment of West Florida Electric Cooperative Association Inc.'s community impact or operational effectiveness remains challenging. Overall, the lack of publicly available data limits the ability to gauge the organization's strengths or areas for improvement.


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

Is West Florida Electric Cooperative Association Inc legitimate?

West Florida Electric Cooperative Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. West Florida 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,912,868

For more financial information, click here


Official website here: www.wfeca.com

What is the mission statement of West Florida Electric Cooperative Association Inc?

West Florida Electric Cooperative Association, Inc. is dedicated to delivering a dependable source of electricity and related services to its members at the most affordable cost, while adhering to external financial responsibilities and sound business practices. The organization focuses on providing electric sales to its community. By prioritizing reliability and affordability, West Florida Electric Cooperative Association, Inc. aims to meet the essential energy needs of its members, ensuring a consistent power supply for their daily lives. Additionally, the cooperative offers self-sustaining services to enhance the overall well-being of its members.


Official website here: www.wfeca.com

Who is the CEO of West Florida Electric Cooperative Association Inc?

Shawn Walling is the Director of West Florida Electric Cooperative Association Inc. The CEO's salary of West Florida Electric Cooperative Association Inc is $0 and their total compensation is $0.


Official website here: www.wfeca.com

What is the revenue of West Florida Electric Cooperative Association Inc?

West Florida Electric Cooperative Association Inc's revenue in 2022 was $72,691,010.


Official website here: www.wfeca.com

Who are the executives of West Florida Electric Cooperative Association Inc and what are their salaries?

The average compensation at West Florida Electric Cooperative Association Inc during 2022 was $17,549. There are 109 employees at West Florida Electric Cooperative Association Inc.


Here are 19 key members and their salaries (West Florida Electric Cooperative Association Inc's CEO's salary is $0 and their total compensation is $0):


Jackie Pooser (Director)
  • Compensation: $19,562
  • Related: $0
  • Other: $0
John W Adams (Director)
  • Compensation: $20,534
  • Related: $0
  • Other: $0
George Owens (Director)
  • Compensation: $19,675
  • Related: $7,201
  • Other: $0
David Corbin (Vice President)
  • Compensation: $14,650
  • Related: $0
  • Other: $0
Joe Rone (President)
  • Compensation: $19,200
  • Related: $13,602
  • Other: $0
Myron Hudson (Director)
  • Compensation: $24,874
  • Related: $0
  • Other: $0
Tim Alford (Director)
  • Compensation: $18,737
  • Related: $0
  • Other: $0
Randy Bush (Secretary-Treasurer)
  • Compensation: $16,050
  • Related: $0
  • Other: $0
David Tatum (Director)
  • Compensation: $18,608
  • Related: $0
  • Other: $0
James T Peel (Former Executive Vp & Ceo)
  • Compensation: $185,248
  • Related: $16,702
  • Other: $41,334
Marie Ashworth (Cfo)
  • Compensation: $142,608
  • Related: $0
  • Other: $20,437
Shawn Walling (Executive Vp & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Varnum (Manager - Engineering)
  • Compensation: $136,142
  • Related: $0
  • Other: $20,045
Wayne Williams (V.P. Of Operations)
  • Compensation: $117,436
  • Related: $0
  • Other: $19,806
Derek Chadwell (Vp Of Member Services)
  • Compensation: $109,937
  • Related: $6,001
  • Other: -$33,421
Donnie Worley (Safety Manager)
  • Compensation: $112,730
  • Related: $0
  • Other: $19,761
Jason Blanton (Key Employee)
  • Compensation: $117,305
  • Related: $0
  • Other: -$30,521
Jonathan T Love (Key Employee)
  • Compensation: $113,834
  • Related: $0
  • Other: $19,294
Kevin Nelson (Key Employee)
  • Compensation: $108,668
  • Related: $0
  • Other: -$35,925


Official website here: www.wfeca.com

Where can I find the form 990 for West Florida Electric Cooperative Association Inc?

West Florida Electric Cooperative Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wfeca.com

Learn more at the official website: www.wfeca.com

Mission Statement of West Florida Electric Cooperative Association Inc

West Florida Electric Cooperative Association, Inc. is dedicated to delivering a dependable electric power source and additional self-sustaining services to its members at the most affordable cost, all while adhering to external financial obligations and maintaining sound management practices. The cooperative's primary objective revolves around ensuring its members have access to uninterrupted electricity, along with other related services.

By committing to the lowest possible costs without compromising reliability or external financial responsibilities, West Florida Electric Cooperative Association, Inc. distinguishes itself in the energy sector. The organization's unwavering commitment to fiscal responsibility and effective management practices underpins its ability to provide affordable electricity and related solutions to its valued members.

The cooperative's mission goes beyond just electric sales. It aims to establish long-term partnerships with its members, supporting their households and communities with essential services that promote self-sustainability and improved living conditions. By focusing on affordability and dependability, West Florida Electric Cooperative Association, Inc. builds trust and confidence within the communities it serves.

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Impact




October, 2024

West Florida Electric Cooperative Association Inc. plays a significant role in delivering reliable electricity and related services to its members, ensuring access to essential resources at the lowest feasible cost. By prioritizing sound management practices and maintaining financial obligations, it effectively supports its community's energy needs. This cooperative approach not only fosters a stable energy supply but also contributes to the economic health of the region, enabling members to benefit from affordable electricity while promoting self-sustaining services. Through its commitment to quality service and community welfare, West Florida Electric enhances the quality of life for its members and bolsters local development.




This information is meant to be a general summary of West Florida 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.

Revenue
$72,691,010 (2022)
Expenses
$66,380,058 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $39,054
  • Program Service Revenue: $71,618,359
  • Gross Receipts: $72,691,010

Assets and Liabilities:

  • Total Assets: $167,263,194
  • Total Liabilities: $79,540,851
  • Net Assets: $87,722,343

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Programs

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

ELECTRIC SALES

Revenue

$71,618,359

Organization Details

Founding Year

1937

Principal Officer

Shawn Walling

Main Address

PO BOX 127, GRACEVILLE, FL, 32440

NTEE Category

Code: W80 - Public benefit

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