NonprofitsCovington Electric Cooperative Inc

Covington Electric Cooperative Inc

ANDALUSIA, AL

Total revenue

$71.2M

Total expenses

$65.6M

Net assets

$97.0M

Grants received

EIN

630462077

Tax year

2024

Mission

The cooperative operates as an electric distribution cooperative.

Programs

1 program

Salaries of management and key personnel are reviewed by the board using comparable data from others in the industry. Periodically, positions and salaries are reviewed by an outside consultant.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$65.8M
Investment income$1.6M
Other revenue$3.9M
Total revenue$71.2M

Expenses

Grants paid
Salaries & benefits$1.4M
Fundraising
Other expenses$63.6M
Total expenses$65.6M
Total assets$243.5M
Net assets$97.0M

People

12 listed

NameRoleCompensation

MARK G PARKER

PRESIDENT &

Board

$337K

60 hrs/wk

KIMBERLY M CARTER

VP FINANCE

Board

$202K

55 hrs/wk

PATRICIA C JANASKY

SECRETARY/TR

Board

$28K

5 hrs/wk

JAMES F MARTIN JR

TRUSTEE

Board

$27K

4 hrs/wk

WILLIE B SMITH JR

CHAIRMAN

Board

$27K

5 hrs/wk

CHARLES GRACE

TRUSTEE

Board

$26K

5 hrs/wk

WILLIAM G KING JR

ASSISTANT SE

Board

$25K

6.2 hrs/wk

C HEFLIN SMITH

VICE CHAIRMA

Board

$24K

2 hrs/wk

BERT L CHAMPION

VP OPERATION

Staff

$202K

50 hrs/wk

FRANCIS M CHIRICO

DIRECTOR EN

Staff

$170K

40 hrs/wk

ANTHONY WILLIS

DIRECTOR TEL

Staff

$148K

60 hrs/wk

RANDALL HELMS

OPERATIONS M

Staff

$143K

45 hrs/wk

Independent contractors

FIBERRISE COMMUNICATION

BROADBAND CONST

$3.4M

HTC LLC

CONSTRUCTION

$1.6M

ASPLUNDH TREE EXPERT

ROW CLEARING

$1.2M

SOUTHERN STATES UTILITY

CONTRACT CONST

$1.0M

B & L CONSTRUCTION

CONSTRUCTION

$574K

Details

EIN630462077
Subsection12
Ruling date1957-09
Formed1944
Employees94
COVINGTON ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo