Mountain 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: 620301937 ✦ Mountain city, TN ✦ Designated as a 501(c)(12)

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Overview

What is Mountain Electric Cooperative Inc?

Mountain Electric Cooperative Inc, situated in Mountain City, Tennessee, is a nonprofit organization dedicated to providing reliable electric power at the most affordable cost. With a team of 96 employees, they focus on electricity distribution. Their mission extends beyond just powering homes and businesses. Employing a people-centric approach, they ensure their services are accessible to all residents in their coverage area.


Official website here: www.mountainelectric.com

What are the reviews and ratings of this charity?

Mountain Electric Cooperative Inc is not currently rated by Charity Navigator due to its classification outside of the 501(c)(3) IRS registered nonprofits, which Charity Navigator evaluates. The lack of a rating does not inherently convey a negative or positive judgment. It reflects the organization's ineligibility for evaluation under standard methodologies typically used for public charities.

The absence of detailed data such as total revenue, expenses, or salaries of key persons indicates limited public financial transparency on Charity Navigator. However, some IRS-related information, like the Business Master File data, is accessible, highlighting the organization's foundational status and central affiliation, but not providing sufficient basis for a comprehensive financial analysis.

Without user reviews from GreatNonprofits, there's a gap in community-driven insights that often reflect personal experiences and satisfaction with services. Thus, currently available data does not offer a clear picture of Mountain Electric Cooperative Inc's impact, governance, or community engagement.


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

Is Mountain Electric Cooperative Inc legitimate?

Mountain Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mountain 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mountainelectric.com

What is the mission statement of Mountain Electric Cooperative Inc?

Mountain Electric Cooperative Inc is dedicated to delivering reliable electric power at an affordable cost. Their mission is focused on electricity distribution, ensuring a steady supply of power to customers at reasonable rates. By prioritizing affordability and reliability, they aim to enhance the quality of life for those they serve. Through diligent operations and commitment to cost efficiency, Mountain Electric Cooperative Inc strives to maintain a strong and dependable electric power infrastructure. Their goal is to provide essential electric power services, enabling their community to thrive.


Official website here: www.mountainelectric.com

Who is the CEO of Mountain Electric Cooperative Inc?

Judy L Walsh is the General Manager of Mountain Electric Cooperative Inc.


Official website here: www.mountainelectric.com

What is the revenue of Mountain Electric Cooperative Inc?

Mountain Electric Cooperative Inc's revenue in 2022 was $66,777,111.


Official website here: www.mountainelectric.com

Who are the executives of Mountain Electric Cooperative Inc and what are their salaries?

There are 96 employees at Mountain Electric Cooperative Inc.


Here are 10 key members and their salaries:


Christopher J Stoia (General Manager)
  • Compensation: $187,822
  • Related: $0
  • Other: $0
Danny Cuthbertson (District Manager)
  • Compensation: $115,725
  • Related: $0
  • Other: $0
Bruce Lacey (Trustee)
  • Compensation: $8,853
  • Related: $0
  • Other: $0
W O Hampton (Secretary Treasurer)
  • Compensation: $8,440
  • Related: $0
  • Other: $0
Harry Smith (Trustee)
  • Compensation: $4,452
  • Related: $0
  • Other: $0
David Atwood (Trustee)
  • Compensation: $4,440
  • Related: $0
  • Other: $0
David Ellis (President)
  • Compensation: $3,529
  • Related: $0
  • Other: $0
Ronnie Townson (Trustee)
  • Compensation: $3,490
  • Related: $0
  • Other: $0
John Brookshire (Trustee)
  • Compensation: $3,220
  • Related: $0
  • Other: $0
Robert Heck (Trustee)
  • Compensation: $3,200
  • Related: $0
  • Other: $0


Official website here: www.mountainelectric.com

Where can I find the form 990 for Mountain Electric Cooperative Inc?

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


Official website here: www.mountainelectric.com

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

Mission Statement of Mountain Electric Cooperative Inc

Mountain Electric Cooperative Inc, a leading electric power distributor, is dedicated to delivering reliable electricity at the most affordable price. The organization's primary mission revolves around ensuring a consistent electric power supply, keeping in mind the financial needs of its consumers.

In simple terms, Mountain Electric Cooperative Inc strives to provide economical electric power solutions, maintaining a strong commitment to its customers. By prioritizing affordability, the cooperative aims to make electricity accessible to all, enabling them to lead comfortable lives.

Furthermore, Mountain Electric Cooperative Inc's unwavering focus on reliability sets it apart from other energy providers. The cooperative understands the importance of a steady electric power supply, especially in today's interconnected world, and works tirelessly to ensure that its customers never experience extended power outages. The cooperative's team of skilled technicians and engineers invest their time and resources into maintaining a robust electric power infrastructure, ensuring a consistent flow of electricity to its consumers.

In summary, Mountain Electric Cooperative Inc is a mission-driven organization that strives to provide reliable electric power at the lowest possible cost. By focusing on both affordability and reliability, the cooperative aims to make a positive impact on the lives of its customers, ensuring they have access to essential electric power services when they need it most.

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Impact




October, 2024

Mountain Electric Cooperative Inc plays a crucial role in the community by providing reliable electric power distribution to residents and businesses in Mountain City, TN. Its mission focuses on delivering electricity at the lowest possible cost, ensuring that the community has access to essential energy resources. This commitment not only supports everyday living but also fosters economic growth by enabling local businesses to operate efficiently. By prioritizing reliability and affordability, Mountain Electric Cooperative Inc contributes to the overall well-being and sustainability of the region, enhancing the quality of life for its members.




This information is meant to be a general summary of Mountain 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
$66,777,111 (2022)
Expenses
$63,542,940 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $143,916
  • Program Service Revenue: $65,254,528
  • Gross Receipts: $66,777,111

Assets and Liabilities:

  • Total Assets: $121,686,166
  • Total Liabilities: $42,772,294
  • Net Assets: $78,913,872

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Organization Details

Founding Year

1941

Principal Officer

Judy L Walsh

Main Address

604 S Church Street PO Box 180, Mountain City, TN, 37683

NTEE Category

Code: W80 - Public benefit

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