Overview
What is Withlacoochee River Electric Cooperative Inc?
Withlacoochee River Electric Cooperative Inc is a rural electric cooperative based in Dade City, Florida. Their primary mission is to provide their members with superior electric services at the most affordable price. With a workforce of 573 employees, they ensure the goal of delivering high-quality electricity is met for all their members. The cooperative's focus on affordability and excellent service has been its driving force since its inception.
Official website here: www.wrec.net
Is Withlacoochee River Electric Cooperative Inc legitimate?
Withlacoochee River Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Withlacoochee River 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: $1,726,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,974,019
For more financial information, click here
Official website here: www.wrec.net
What is the mission statement of Withlacoochee River Electric Cooperative Inc?
Withlacoochee River Electric Cooperative Inc is committed to delivering top-notch electric services to its members at the most affordable prices. The cooperative's primary objective is to ensure each member receives the best possible electrical service while keeping costs low. The cooperative's dedication extends beyond just selling electricity, as it strives to be a reliable partner to its rural community. By focusing on delivering quality and affordability, Withlacoochee River Electric Cooperative Inc aims to build strong relationships with its members and contribute to their overall satisfaction.
Official website here: www.wrec.net
What is the revenue of Withlacoochee River Electric Cooperative Inc?
Withlacoochee River Electric Cooperative Inc's revenue in 2024 was $601,244,559.
Official website here: www.wrec.net
Who are the executives of Withlacoochee River Electric Cooperative Inc and what are their salaries?
The average compensation at Withlacoochee River Electric Cooperative Inc during 2024 was $5,883. There are 629 employees at Withlacoochee River Electric Cooperative Inc.
Here are 16 key members and their salaries:
- Compensation: $35,235
- Related: $0
- Other: $0
- Compensation: $53,541
- Related: $0
- Other: $0
- Compensation: $22,600
- Related: $0
- Other: $0
- Compensation: $32,759
- Related: $0
- Other: $0
- Compensation: $40,608
- Related: $0
- Other: $0
- Compensation: $41,178
- Related: $0
- Other: $0
- Compensation: $52,191
- Related: $0
- Other: $0
- Compensation: $40,941
- Related: $0
- Other: $0
- Compensation: $28,751
- Related: $0
- Other: $0
- Compensation: $662,267
- Related: $0
- Other: $224,450
- Compensation: $382,154
- Related: $0
- Other: $109,414
- Compensation: $320,479
- Related: $0
- Other: $37,538
- Compensation: $278,241
- Related: $0
- Other: $113,623
- Compensation: $277,236
- Related: $0
- Other: $180,632
- Compensation: $296,665
- Related: $0
- Other: $41,521
- Compensation: $306,875
- Related: $0
- Other: $121,209
Official website here: www.wrec.net
Where can I find the form 990 for Withlacoochee River Electric Cooperative Inc?
Withlacoochee River Electric Cooperative Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wrec.net
Learn more at the official website: www.wrec.net
Mission Statement of Withlacoochee River Electric Cooperative Inc
Withlacoochee River Electric Cooperative Inc, a rural electric cooperative, is dedicated to delivering top-quality electric services to each of its members at the most affordable prices. By prioritizing the needs of its community, the cooperative sets the goal of providing the best possible service at the lowest cost.
With a commitment to excellence, Withlacoochee River Electric Cooperative Inc strives to ensure that every member receives the reliable and efficient electricity they require. The cooperative's mission is to build strong relationships and foster a sense of trust through its unwavering dedication to customer satisfaction. By working closely with its members and adapting to their specific needs, the cooperative is able to deliver on its promise of quality and affordability.
As a not-for-profit organization, Withlacoochee River Electric Cooperative Inc is driven by its desire to make a positive impact in the lives of its members. Through its sale of electricity, the cooperative plays a vital role in powering homes and businesses, enabling growth and progress in the community it serves. By keeping costs low and consistently delivering high-quality service, the cooperative not only enhances the daily lives of its members but also contributes to a stronger and more prosperous community as a whole.
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Impact
October, 2024
Withlacoochee River Electric Cooperative Inc plays a vital role in enhancing the quality of life for its members by providing reliable electricity at low rates. Focused on serving the needs of its community in rural Florida, the cooperative works diligently to ensure that all members receive the best possible service. Its mission emphasizes affordability and accessibility, making it a critical resource for residents who depend on electric service for their daily activities. By prioritizing member satisfaction and cost efficiency, the cooperative significantly contributes to the economic stability and overall well-being of the communities it serves.
This information is meant to be a general summary of Withlacoochee River 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $13,322,913
- Program Service Revenue: $586,943,577
- Gross Receipts: $601,494,456
Assets and Liabilities:
- Total Assets: $1,278,036,654
- Total Liabilities: $637,390,767
- Net Assets: $640,645,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SALES
Revenue
$570,784,619
G&T CAPITAL CREDITS
Revenue
$5,795,759
QUALIFIED POLE RENTAL
Revenue
$5,477,687
OTHER CAPITAL CREDITS
Revenue
$3,437,620
HOME GENERATOR
Revenue
$1,447,892
Organization Details
Founding Year
1941
Principal Officer
David B Lambert Ii
Website
www.wrec.netNTEE Category
Code: W80 - Public benefit
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