West Florida Electric Cooperative Association Inc

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

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

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

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 not tax deductible.

Here 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):

    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

    • 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

    • Jonathan T Love (Key Employee)
  • Compensation: $113,834
  • Related: $0
  • Other: $19,294

    • Donnie Worley (Safety Manager)
  • Compensation: $112,730
  • Related: $0
  • Other: $19,761

    • Jason Blanton (Key Employee)
  • Compensation: $117,305
  • Related: $0
  • Other: $-30,521

    • Derek Chadwell (Vp Of Member Services)
  • Compensation: $109,937
  • Related: $6,001
  • Other: $-33,421

    • Kevin Nelson (Key Employee)
  • Compensation: $108,668
  • Related: $0
  • Other: $-35,925

    • Joe Rone (President) [Trustee/Director]
  • Compensation: $19,200
  • Related: $13,602
  • Other: $0

    • George Owens (Director)
  • Compensation: $19,675
  • Related: $7,201
  • Other: $0

    • Myron Hudson (Director)
  • Compensation: $24,874
  • Related: $0
  • Other: $0

    • John W Adams (Director)
  • Compensation: $20,534
  • Related: $0
  • Other: $0

    • Jackie Pooser (Director)
  • Compensation: $19,562
  • Related: $0
  • Other: $0

    • Tim Alford (Director)
  • Compensation: $18,737
  • Related: $0
  • Other: $0

    • David Tatum (Director)
  • Compensation: $18,608
  • Related: $0
  • Other: $0

    • Randy Bush (Secretary-Treasurer) [Trustee/Director]
  • Compensation: $16,050
  • Related: $0
  • Other: $0

    • David Corbin (Vice President) [Trustee/Director]
  • Compensation: $14,650
  • Related: $0
  • Other: $0

    • Shawn Walling (Executive Vp & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wfeca.com

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    West Florida Electric Cooperative Association Inc's impact is primarily focused on providing its members with a reliable source of electricity and related self-sustaining services at the lowest possible cost. By fulfilling this mission, the organization contributes to the well-being and economic stability of the communities it serves. Furthermore, by operating as a cooperative, West Florida Electric Cooperative Association Inc promotes the principles of self-help, self-responsibility, democracy, equality, equity, and solidarity within its service area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    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
  • 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

    If you are a representative of West Florida Electric Cooperative Association Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.