CSCharityScored
90

Covington Electric Cooperative Inc

Other · Andalusia, Alabama

18836 Us Highway 84, Andalusia, AL 36421-8777

EIN: 630462077· Founded: Sep 1957· 69 years active· Filing Year: 2023

Annual Revenue

$67.3M

Total Expenses

$61.2M

Total Assets

$245.4M

Program Spending

104%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$982K

1.6% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$512K

Total Payroll

$1.9M

3% of total expenses

Where the Money Goes

100%
Programs: 100%
Payroll: 3%
Other overhead: -4%
Program Revenue$63.6M (94%)
Total Expenses$61.2M (91%)
Payroll$1.9M (3%)
Overhead (non-program)-4%

Trust Score Breakdown

Program Spending Ratio

104% of expenses go to programs

40%

Revenue & Stability

$67.3M annual revenue

15%

Executive Compensation

$982K total officer comp (1.6% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$245.4M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.