Overview
What is Woodruff Electric Cooperative Corp?
Woodruff Electric Cooperative Corp is a nonprofit organization based in Forrest City, Arkansas. With a total of 81 employees, their mission is to make electric energy accessible to their members at the most affordable cost, ensuring sound economy and good management. The cooperative provides electricity to rural areas and reported 24,329 services in place at the year-end.
Official website here: www.woodruffelectric.com
Is Woodruff Electric Cooperative Corp legitimate?
Woodruff Electric Cooperative Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Woodruff Electric Cooperative Corp 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: $707,114
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,508,424
For more financial information, click here
Official website here: www.woodruffelectric.com
What is the mission statement of Woodruff Electric Cooperative Corp?
Woodruff Electric Cooperative Corp is dedicated to making electric energy accessible to its members at the most affordable price, ensuring sound economy and good management. The cooperative prioritizes providing electricity to its community, with a total of 24,329 services in operation at the year end. The mission is to bring the essential power source to rural areas, maintaining a balance between affordability and effective management.
Official website here: www.woodruffelectric.com
Who is the CEO of Woodruff Electric Cooperative Corp?
Michael L Swan is the President/Ce of Woodruff Electric Cooperative Corp.
Official website here: www.woodruffelectric.com
What is the revenue of Woodruff Electric Cooperative Corp?
Woodruff Electric Cooperative Corp's revenue in 2022 was $59,033,506.
Official website here: www.woodruffelectric.com
Who are the executives of Woodruff Electric Cooperative Corp and what are their salaries?
The average compensation at Woodruff Electric Cooperative Corp during 2022 was $76,735. There are 81 employees at Woodruff Electric Cooperative Corp.
Here are 19 key members and their salaries:
- Compensation: $233,000
- Related: $0
- Other: $115,370
- Compensation: $157,481
- Related: $0
- Other: $89,554
- Compensation: $146,478
- Related: $0
- Other: $75,398
- Compensation: $133,293
- Related: $0
- Other: $78,323
- Compensation: $129,583
- Related: $0
- Other: $76,687
- Compensation: $102,202
- Related: $0
- Other: $64,387
- Compensation: $100,370
- Related: $0
- Other: $63,279
- Compensation: $104,224
- Related: $0
- Other: $55,760
- Compensation: $80,912
- Related: $0
- Other: $54,840
- Compensation: $31,530
- Related: $0
- Other: $0
- Compensation: $30,590
- Related: $0
- Other: $0
- Compensation: $27,677
- Related: $0
- Other: $0
- Compensation: $22,778
- Related: $0
- Other: $0
- Compensation: $22,630
- Related: $0
- Other: $0
- Compensation: $21,830
- Related: $0
- Other: $0
- Compensation: $15,073
- Related: $0
- Other: $0
- Compensation: $13,652
- Related: $0
- Other: $0
- Compensation: $11,700
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
Official website here: www.woodruffelectric.com
Where can I find the form 990 for Woodruff Electric Cooperative Corp?
Woodruff Electric Cooperative Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.woodruffelectric.com
Learn more at the official website: www.woodruffelectric.com
Mission Statement of Woodruff Electric Cooperative Corp
Woodruff Electric Cooperative Corp, a dedicated organization, strives to make electric energy accessible to its members at the most affordable price, in harmony with sound economic practices and good management. The cooperative's primary goal is to ensure a consistent and reliable electricity supply to its rural community, serving a total of 24,329 services at the year's end. By focusing on affordability and effective management, Woodruff Electric Cooperative Corp sets itself apart as a trusted provider in the energy sector.
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Impact
October, 2024
Woodruff Electric Cooperative Corp plays a crucial role in providing electricity to rural areas, ensuring that its members have access to reliable energy at the lowest possible cost. With a significant service footprint of 24,329 connections, the cooperative impacts the quality of life and economic development in Forrest City, Arkansas, and surrounding regions. By focusing on sound economic practices and effective management, it helps foster community growth and stability. Access to affordable electricity is essential for households, businesses, and local industries, enabling better opportunities and contributing to the overall welfare of the community.
This information is meant to be a general summary of Woodruff Electric Cooperative Corp. 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: $489,124
- Program Service Revenue: $58,493,061
- Gross Receipts: $59,110,108
Assets and Liabilities:
- Total Assets: $206,489,107
- Total Liabilities: $114,670,577
- Net Assets: $91,818,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING REVENUES
Revenue
$56,774,403
G&T AND OTHER CAPITAL CREDITS
Revenue
$1,718,658
Organization Details
Founding Year
1937
Phone
(870) 633-2262Principal Officer
Michael L Swan
Main Address
PO BOX 1619, FORREST CITY, AR, 72335
Website
www.woodruffelectric.comNTEE Category
Code: W80 - Public benefit
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