ZUnclassifiedEIN: 370527067· Ruling Year: 1940

Spoon River Electric Co-operative Incorporated

Canton, Illinois

B+Health Score
71B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 111 peers in Unclassified with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.64×
Peer Median5.86×
💰
$12.3M
Total Revenue
📊
$11.5M
Total Expenses
🏦
$18.9M
Net Assets
📋
$18.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+9.1%
Year-over-year change (2022 → 2023)
Net Margin
+6.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.64
Net assets divided by total expenses
Liabilities-to-Assets
49.5%
Total liabilities as % of total assets

Filing History

12 filings on record
YearRevenueExpensesAssets
2023$12,292,4239%$11,494,1224%$37,342,5983%
2022$11,269,2273%$11,032,3627%$36,157,9824%
2021$11,600,8036%$10,333,8995%$34,615,7414%
2020$10,938,7883%$10,853,2992%$33,263,9222%
2019$11,260,6781%$10,635,3582%$32,503,4242%
2018$11,096,28311%$10,864,50411%$31,987,4012%
2017$10,000,8505%$9,778,3984%$31,337,6805%
2015$10,514,8122%$10,201,3767%$29,780,0905%
2014$10,281,098$10,916,18412%$28,452,9463%
2013$10,243,2014%$9,736,5666%$27,575,8605%
2012$9,869,656$9,226,8868%$26,183,3692%
2011$9,888,264$10,017,476$25,555,297

Frequently Asked Questions

What does Spoon River Electric Co-operative Incorporated do?

Spoon River Electric Co-operative Incorporated is a unclassified nonprofit organization based in Illinois. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Spoon River Electric Co-operative Incorporated financially healthy?

Based on our 9-metric Financial Health Score model, Spoon River Electric Co-operative Incorporated has a score of 71/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Spoon River Electric Co-operative Incorporated generate?

Spoon River Electric Co-operative Incorporated reports $13.3M in annual revenue and holds $40.5M in total assets, based on IRS filings.

Similar Organizations

Explore more organizations in the Unclassified category, or browse all nonprofits in Illinois.