Covington Electric Cooperative INC
Andalusia, Alabama
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)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $67,323,003↑6% | $61,179,217↑2% | $245,434,365↑14% | |
| 2022 | $63,715,088↑11% | $59,825,928↑10% | $215,289,876↑19% | — |
| 2021 | $57,592,182↑2% | $54,275,475↑3% | $180,159,805↑1% | — |
| 2020 | $56,187,543↓3% | $52,948,907↓3% | $177,899,412 | — |
| 2019 | $57,779,280↑1% | $54,352,198↑1% | $177,644,857↑13% | — |
| 2018 | $56,928,436↑4% | $53,848,882↑1% | $156,545,617↑2% | — |
| 2017 | $54,721,428↓2% | $53,381,769↑1% | $153,059,601↑3% | — |
| 2016 | $55,601,669 | $53,057,672↓3% | $148,387,334↑2% | — |
| 2015 | $55,762,866↓1% | $54,667,478↓5% | $145,808,323 | — |
| 2014 | $56,299,920↑4% | $57,567,574↑2% | $145,995,977↑5% | — |
| 2013 | $54,289,647↓1% | $56,415,322↑4% | $139,359,269↑5% | — |
| 2012 | $54,834,661↓1% | $54,051,117 | $133,203,323↑5% | — |
| 2011 | $55,333,158 | $53,976,464 | $127,402,719 | — |
Frequently Asked Questions
What does Covington Electric Cooperative INC do?▼
Covington Electric Cooperative INC is a unclassified nonprofit organization based in Alabama. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covington Electric Cooperative INC financially healthy?▼
Based on our 9-metric Financial Health Score model, Covington Electric Cooperative INC has a score of 72/100 (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 Covington Electric Cooperative INC generate?▼
Covington Electric Cooperative INC reports $71.2M in annual revenue and holds $243.5M in total assets, based on IRS filings.
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