Mountain Electric Cooperative Inc

Mountain City, TN
Tax-exempt since Dec. 1942
EIN: 62-0301937

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$72.9M (2023)

Expenses

$69.5M (2023)

Total Assets

$130M (2023)

Total Liabilities

$47.6M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$72,876,656

Expenses

$69,545,506

Net Income

$3,331,150

Net Assets

$82,197,473

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$71,270,728	97.8%
Investment Income	$146,950	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,448,612	2.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10,366	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$129,775,233
Total Liabilities	$47,577,760
Net Assets	$82,197,473

Club or Co-Op Income
Income From Members	$71,270,728
Income From Other Sources	$1,605,928

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph A Thacker (General Manager)	$156,462	$0	$20,746
Jonathan Kyle Holtsclaw (District Manager)	$73,322	$0	$17,562
Christopher J Stoia (General Manager)	$66,827	$0	$5,100
David Ellis (President)	$7,450	$0	$79
Ronnie Townson (Trustee)	$6,200	$0	$39
Robert Heck (Trustee)	$5,700	$0	$52
Vickie Davidson (Trustee)	$5,443	$0	$0
W O Hampton (Secretary Treasurer)	$2,000	$0	$8,320
Harry Smith (Trustee)	$1,700	$0	$4,084
Bruce Lacey (Trustee)	$1,600	$0	$8,332
David Atwood (Trustee)	$1,600	$0	$4,076
John Brookshire (Trustee)	$900	$0	$13

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990

Filed on May 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$66,777,111

Expenses

$63,542,940

Net Income

$3,234,171

Net Assets

$78,913,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$65,254,528	97.7%
Investment Income	$143,916	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,378,667	2.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$121,686,166
Total Liabilities	$42,772,294
Net Assets	$78,913,872

Club or Co-Op Income
Income From Members	$65,245,096
Income From Other Sources	$1,388,099

Compensation

Key Employees and Officers	Compensation	Related	Other
Christopher J Stoia (General Manager)	$187,822	$0	$0
Danny Cuthbertson (District Manager)	$115,725	$0	$0
Bruce Lacey (Trustee)	$8,853	$0	$0
W O Hampton (Secretary Treasurer)	$8,440	$0	$0
Harry Smith (Trustee)	$4,452	$0	$0
David Atwood (Trustee)	$4,440	$0	$0
David Ellis (President)	$3,529	$0	$0
Ronnie Townson (Trustee)	$3,490	$0	$0
John Brookshire (Trustee)	$3,220	$0	$0
Robert Heck (Trustee)	$3,200	$0	$0

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990

Filed on April 27, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$62,750,809

Expenses

$58,179,883

Net Income

$4,570,926

Net Assets

$73,768,422

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$61,179,819	97.5%
Investment Income	$273,466	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,297,524	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$115,037,060
Total Liabilities	$41,268,638
Net Assets	$73,768,422

Club or Co-Op Income
Income From Members	$61,179,819
Income From Other Sources	$1,570,990

Compensation

Key Employees and Officers	Compensation	Related	Other
Joseph A Thacker Iii (General Manager)	$198,332	$0	$0
Christopher J Stoia (Engineer)	$162,547	$0	$0
Danny Cuthbertson (District Manager)	$111,575	$0	$0
Bruce Lacey (Trustee)	$11,522	$0	$0
W O Hampton (Secretary Treasurer)	$8,746	$0	$0
David Ellis (President)	$5,879	$0	$0
Robert Heck (Trustee)	$5,651	$0	$0
Ronnie Townson (Trustee)	$5,639	$0	$0
Harry Smith (Trustee)	$5,056	$0	$0
David Atwood (Trustee)	$5,044	$0	$0
John Brookshire (Trustee)	$4,866	$0	$0

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990

Filed on Feb. 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$60,283,758

Expenses

$57,761,375

Net Income

$2,522,383

Net Assets

$67,878,984

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$58,464,364	97.0%
Investment Income	$544,000	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,265,797	2.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,597	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$111,069,468
Total Liabilities	$43,190,484
Net Assets	$67,878,984

Club or Co-Op Income
Income From Members	$58,464,364
Income From Other Sources	$1,819,394

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2019

Revenue

$62,901,390

Expenses

$61,321,607

Net Income

$1,579,783

Net Assets

$65,302,543

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,729,054	96.5%
Investment Income	$982,475	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,177,230	1.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,631	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$104,335,495
Total Liabilities	$39,032,952
Net Assets	$65,302,543

Club or Co-Op Income
Income From Members	$60,729,054
Income From Other Sources	$2,172,336

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2018

Revenue

$61,689,609

Expenses

$60,747,572

Net Income

$942,037

Net Assets

$65,816,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$59,564,028	96.6%
Investment Income	$999,700	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,115,214	1.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10,667	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$88,469,381
Total Liabilities	$22,653,302
Net Assets	$65,816,079

Club or Co-Op Income
Income From Members	$59,564,028
Income From Other Sources	$2,125,581

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$59,028,443

Expenses

$57,386,770

Net Income

$1,641,673

Net Assets

$64,400,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$56,928,120	96.4%
Investment Income	$1,007,343	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,081,675	1.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$11,305	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$87,005,503
Total Liabilities	$22,604,574
Net Assets	$64,400,929

Club or Co-Op Income
Income From Members	$56,928,120
Income From Other Sources	$2,100,323

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$57,526,246

Expenses

$54,039,307

Net Income

$3,486,939

Net Assets

$63,039,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,507,764	94.8%
Investment Income	$1,062,432	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,936,474	3.4%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$19,576	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$85,302,498
Total Liabilities	$22,262,844
Net Assets	$63,039,654

Club or Co-Op Income
Income From Members	$54,507,764
Income From Other Sources	$3,018,482

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$60,246,792

Expenses

$57,773,225

Net Income

$2,473,567

Net Assets

$59,735,224

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$58,139,758	96.5%
Investment Income	$1,030,747	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,068,365	1.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,922	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$85,587,718
Total Liabilities	$25,852,494
Net Assets	$59,735,224

Club or Co-Op Income
Income From Members	$58,139,758
Income From Other Sources	$2,107,034

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$61,105,575

Expenses

$58,484,957

Net Income

$2,620,618

Net Assets

$57,743,964

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$59,065,747	96.7%
Investment Income	$1,001,259	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,034,699	1.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,870	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$84,186,904
Total Liabilities	$26,442,940
Net Assets	$57,743,964

Club or Co-Op Income
Income From Members	$59,065,747
Income From Other Sources	$2,039,828

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$60,853,097

Expenses

$58,014,179

Net Income

$2,838,918

Net Assets

$50,325,786

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$58,901,273	96.8%
Investment Income	$925,915	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,022,447	1.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,463	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$87,153,978
Total Liabilities	$36,828,192
Net Assets	$50,325,786

Club or Co-Op Income
Income From Members	$58,901,273
Income From Other Sources	$1,951,824

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$57,500,861

Expenses

$54,673,052

Net Income

$2,827,809

Net Assets

$46,980,114

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$55,545,968	96.6%
Investment Income	$920,560	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,029,543	1.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,790	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$84,975,788
Total Liabilities	$37,995,674
Net Assets	$46,980,114

Club or Co-Op Income
Income From Members	$55,545,968
Income From Other Sources	$1,954,893

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$61,063,254

Expenses

$60,654,939

Net Income

$408,315

Net Assets

$44,704,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$59,279,182	97.1%
Investment Income	$885,011	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$896,743	1.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,318	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$83,267,865
Total Liabilities	$38,563,724
Net Assets	$44,704,141

Club or Co-Op Income
Income From Members	$59,279,181
Income From Other Sources	$1,784,073

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending June
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Mountain Electric Cooperative Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $72.9M (2023)

Expenses $69.5M (2023)

Total Assets $130M (2023)

Total Liabilities $47.6M (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2010

No Extracted Financial Data

Document Links

Revenue

$72.9M (2023)

Expenses

$69.5M (2023)

Total Assets

$130M (2023)

Total Liabilities

$47.6M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005