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North Alabama Electric Cooperative

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$59.6M (2023)

Expenses
$56.8M (2023)

Total Assets
$64.7M (2023)

Total Liabilities
$29.9M (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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,602,382
Expenses
$56,820,087
Net Income
$2,782,295
Net Assets
$34,788,711
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,612,954
98.3%
Investment Income $224,026
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $680,179
1.1%
Net Fundraising $0
Sales of Assets $85,223
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $444,127
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $64,720,331
Total Liabilities $29,931,620
Net Assets $34,788,711
Club or Co-Op Income
Income From Members $58,632,811
Income From Other Sources $680,179
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $278,489 $0 $0
Bobby Hicks (Trustee) $27,865 $0 $0
Steve Carver (Trustee) $27,265 $0 $0
Mark Dover (Trustee) $27,265 $0 $0
James Goins (Trustee) $20,950 $0 $0
Parks Tubbs (Trustee) $17,499 $0 $0
Louis Crowder (Trustee) $13,342 $0 $0
Willard Townson (President) $11,256 $0 $0
Warren Whitcher (Trustee) $10,806 $0 $0
James O'neal (Trasurer) $9,390 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,513,867
Expenses
$51,084,400
Net Income
$4,429,467
Net Assets
$36,019,688
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $54,632,149
98.4%
Investment Income $153,016
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $610,667
1.1%
Net Fundraising $0
Sales of Assets $118,035
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $344,703
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $61,243,649
Total Liabilities $25,223,961
Net Assets $36,019,688
Club or Co-Op Income
Income From Members $54,632,199
Income From Other Sources $763,684
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $196,529 $0 $0
Steve Carver (Trustee) $25,337 $0 $0
Mark Dover (Trustee) $25,337 $0 $0
Bryan Hicks (Trustee) $18,720 $0 $0
Parks Tubbs (Trustee) $15,811 $0 $0
James Goins (Trustee) $15,649 $0 $0
Louis Crowder (Trustee) $12,144 $0 $0
Warren Whitcher (Trustee) $10,682 $0 $0
Willard Townson (Trustee) $10,682 $0 $0
James O'neal (Trustee) $9,356 $0 $0
Bobby Hicks (Trustee) $4,456 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$51,242,878
Expenses
$45,840,544
Net Income
$5,402,334
Net Assets
$31,587,986
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $50,370,255
98.3%
Investment Income $115,126
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $663,176
1.3%
Net Fundraising $0
Sales of Assets $94,321
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $327,454
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $56,830,143
Total Liabilities $25,242,157
Net Assets $31,587,986
Club or Co-Op Income
Income From Members $50,370,255
Income From Other Sources $778,302
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $185,928 $0 $0
Bryan Hicks (Trustee) $23,989 $0 $0
Steve Carver (Trustee) $23,989 $0 $0
Mark Dover (Trustee) $23,989 $0 $0
Parks Tubbs (Trustee) $14,776 $0 $0
James Goins (Trustee) $14,755 $0 $0
Louis Crowder (Trustee) $11,436 $0 $0
Warren Whitcher (Trustee) $10,272 $0 $0
Willard Townson (Trustee) $10,272 $0 $0
James O'neal (Trustee) $8,048 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,628,952
Expenses
$47,221,478
Net Income
$2,407,474
Net Assets
$25,929,297
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $49,097,679
98.9%
Investment Income $83,896
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $447,377
0.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $322,156
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $52,099,050
Total Liabilities $26,169,753
Net Assets $25,929,297
Club or Co-Op Income
Income From Members $49,097,679
Income From Other Sources $531,273
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $179,646 $0 $0
Bryan Hicks (Trustee) $23,552 $0 $0
Steve Carver (Trustee) $22,952 $0 $0
Mark Dover (Trustee) $22,952 $0 $0
Parks S Tubbs (Trustee) $16,267 $0 $0
James E Goins (Trustee) $15,443 $0 $0
Louis Crowder (Trustee) $11,976 $0 $0
Willard Townson (Trustee) $11,243 $0 $0
Warren Whitcher (Trustee) $11,093 $0 $0
James O'neal (Trustee) $7,032 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,898,045
Expenses
$48,155,188
Net Income
$1,742,857
Net Assets
$23,328,363
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $49,286,982
98.8%
Investment Income $88,272
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $522,791
1.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $335,665
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $49,451,523
Total Liabilities $26,123,160
Net Assets $23,328,363
Club or Co-Op Income
Income From Members $48,970,850
Income From Other Sources $611,707
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $184,541 $0 $0
Bryan Hicks (Trustee) $25,879 $0 $0
Mark Dover (Trustee) $25,276 $0 $0
Steve Carver (Trustee) $24,676 $0 $0
Parks S Tubbs (Trustee) $15,879 $0 $0
James E Goins (Trustee) $15,728 $0 $0
Louis Crowder (Trustee) $13,503 $0 $0
Warren Whitcher (Trustee) $11,347 $0 $0
Willard Townson (Trustee) $11,347 $0 $0
James O'neal (Trustee) $7,489 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,980,288
Expenses
$46,543,095
Net Income
$2,437,193
Net Assets
$21,430,137
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $48,382,073
98.8%
Investment Income $67,779
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $530,436
1.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $300,184
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $48,633,391
Total Liabilities $27,203,254
Net Assets $21,430,137
Club or Co-Op Income
Income From Members $48,382,073
Income From Other Sources $598,215
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $165,963 $0 $0
Bryan Hicks (Trustee) $24,667 $0 $0
Mark Dover (Trustee) $24,631 $0 $0
Parks S Tubbs (Trustee) $15,074 $0 $0
James E Goins (Trustee) $14,659 $0 $0
Louis Crowder (Trustee) $13,573 $0 $0
James O'neal (Trustee) $13,434 $0 $0
Willard Townson (Trustee) $10,580 $0 $0
Warren Whitcher (Trustee) $10,553 $0 $0
Martin Anderson (Trustee) $7,050 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,955,098
Expenses
$42,057,166
Net Income
$1,897,932
Net Assets
$18,838,783
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,402,748
98.7%
Investment Income $64,590
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $487,760
1.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $319,260
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $45,938,656
Total Liabilities $27,099,873
Net Assets $18,838,783
Club or Co-Op Income
Income From Members $43,402,749
Income From Other Sources $552,349
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $165,963 $0 $0
Louis Crowder (Trustee) $24,203 $0 $0
Mark Dover (Trustee) $24,203 $0 $0
Bryan Hicks (Trustee) $23,003 $0 $0
Parks S Tubbs (Trustee) $16,694 $0 $0
James E Goins (Trustee) $15,853 $0 $0
James O'neal (Trustee) $13,593 $0 $0
Martin Anderson (Trustee) $12,614 $0 $0
Warren Whitcher (Trustee) $11,570 $0 $0
Willard Townson (Trustee) $11,564 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,194,116
Expenses
$40,577,978
Net Income
-$383,862
Net Assets
$16,782,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,607,059
98.5%
Investment Income $76,541
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $510,516
1.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $301,801
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $43,464,105
Total Liabilities $26,681,664
Net Assets $16,782,441
Club or Co-Op Income
Income From Members $39,806,152
Income From Other Sources $587,057
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $162,790 $0 $0
Louis Crowder (Trustee) $21,541 $0 $0
Mark Dover (Trustee) $21,541 $0 $0
Bryan Hicks (Trustee) $20,941 $0 $0
Parks S Tubbs (Trustee) $15,040 $0 $0
James E Goins (Trustee) $13,989 $0 $0
Martin Anderson (Trustee) $13,672 $0 $0
James O'neal (Trustee) $12,341 $0 $0
Willard Townson (Trustee) $11,122 $0 $0
Warren Whitcher (Trustee) $8,824 $0 $0
Paulk (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,470,117
Expenses
$41,525,104
Net Income
-$1,054,987
Net Assets
$16,865,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,806,152
98.4%
Investment Income $128,222
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $535,743
1.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $320,998
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,858,649
Total Liabilities $21,993,167
Net Assets $16,865,482
Club or Co-Op Income
Income From Members $36,474,213
Income From Other Sources $641,807
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $162,828 $0 $0
Louis Crowder (Trustee) $21,536 $0 $0
Mark Dover (Trustee) $21,536 $0 $0
Bryan Hicks (Trustee) $20,936 $0 $0
Leon Miller (Trustee) $16,551 $0 $0
Parks S Tubbs (Trustee) $15,771 $0 $0
Paulk (Trustee) $15,336 $0 $0
Martin Anderson (Trustee) $13,298 $0 $0
James E Goins (Trustee) $13,237 $0 $0
Willard Townson (Trustee) $10,904 $0 $0
Cc Moss (Trustee) $9,065 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,680,661
Expenses
$38,071,524
Net Income
-$390,863
Net Assets
$19,116,360
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,062,962
98.4%
Investment Income $102,243
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $515,456
1.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $321,319
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,775,141
Total Liabilities $18,658,781
Net Assets $19,116,360
Club or Co-Op Income
Income From Members $36,646,166
Income From Other Sources $608,763
Compensation
Key Employees and Officers Compensation Related Other
Bruce L Purdy (General Manager) $153,609 $0 $0
Paulk (Trustee) $23,394 $0 $0
Mark Dover (Trustee) $21,645 $0 $0
Louis Crowder (Trustee) $21,045 $0 $0
Bryan Hicks (Trustee) $20,445 $0 $0
Leon Miller (Trustee) $16,285 $0 $0
James E Goins (Trustee) $16,048 $0 $0
Parks S Tubbs (Trustee) $15,291 $0 $0
Martin Anderson (Trustee) $12,382 $0 $0
Willard Townson (Trustee) $11,490 $0 $0
Cc Moss (Trustee) $9,685 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,957,916
Expenses
$35,454,158
Net Income
$503,758
Net Assets
$20,451,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,335,959
98.3%
Investment Income $107,304
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $514,653
1.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $297,031
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,681,222
Total Liabilities $19,230,108
Net Assets $20,451,114
Club or Co-Op Income
Income From Members $35,335,959
Income From Other Sources $621,957

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,619,966
Expenses
$35,215,841
Net Income
-$595,875
Net Assets
$19,599,997
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,997,098
98.2%
Investment Income $115,994
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $506,874
1.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $428,329
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $36,444,209
Total Liabilities $16,844,212
Net Assets $19,599,997
Club or Co-Op Income
Income From Members $33,997,098
Income From Other Sources $622,868

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$36,770,243
Expenses
$36,281,175
Net Income
$489,068
Net Assets
$20,187,366
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,124,509
98.2%
Investment Income $165,012
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $480,722
1.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $419,916
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,428,146
Total Liabilities $18,240,780
Net Assets $20,187,366
Club or Co-Op Income
Income From Members $36,124,509
Income From Other Sources $645,734

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

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

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

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

Document Links

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • 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.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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