Washington Electric Cooperative INC

Not tax-deductible

Marietta, OHMutual-benefit / member-servingSince 1936Mutual / membership EIN 31-4335585Revenue $24.9M in FY2025

On file with the IRSweci.orgPo Box 800, 45750-0800 · Marietta, OHTax-exempt since Oct 1942

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Providing Electric power to Cooperative members.

100¢ of each $1 spent went to programs.
$942K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.2M a year · 5% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$942K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $9.2M in investments, Pt X · Ln 11–13
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$44.4M
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24.9M
+3% vs prior year
Spent
$23.7M
To programs
100%
Net assets
$30.6M
By yearFY2020–FY2025
Revenue
$24.9M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.5M
FY2021$21.6M
FY2022$22.8M
FY2023$22.2M
FY2024$24.2M
FY2025$24.9M
Expenses
$23.7M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$18.4M
FY2021$20.6M
FY2022$21.6M
FY2023$21.0M
FY2024$22.8M
FY2025$23.7M
Net assets
$30.6M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$27.3M
FY2021$27.9M
FY2022$28.4M
FY2023$29.1M
FY2024$29.8M
FY2025$30.6M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1942.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $23.7M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $942K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Mgr/
$219,806Pt VII · Sec A
Construction
$142,840Pt VII · Sec A
Lineman 1st
$139,024Pt VII · Sec A
Lineman 1st
$135,565Pt VII · Sec A
Lineman 1st
$130,393Pt VII · Sec A
Lineman 1st
$129,501Pt VII · Sec A
1st Vice Cha
$8,100Pt VII · Sec A
Secretary/Tr
$7,200Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeffrey Triplett$219,806$209,800$199,800$195,869$187,000$178,500
Jamie Hummerich$142,840$138,863$130,213$138,841$121,705$106,574
Dakota Hornak$139,024$133,750$122,411$116,923——
Tyler Bullock$135,565$123,875————
Ross Wallace$130,393—$116,477$119,810——
Cody Bush$129,501—————
Alex Haught—$128,864$119,721———
Kenneth Angle—$126,542$128,299$124,191$107,153$108,813

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Powers rural cooperatives and their members with reliable electricity.

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Provided by the organization

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1 program · $23.7M · in their own filed words · FY2025
01

Rural distribution of electric energy and related services to 10,540 consumer accounts.

$23.7Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 13 grants · $58K · 2020–2025
Unitemized GrantFY2025$4,775
Unitemized GrantFY2025$3,750
Unitemized GrantFY2024$6,575
Unitemized GrantFY2024$3,750
Unitemized GrantFY2023$3,750
Unitemized GrantFY2023$3,500
Unitemized GrantFY2022$3,750
Unitemized GrantFY2022$2,400
Unitemized GrantFY2021$10,000
Unitemized GrantFY2021$3,850
Unitemized GrantFY2021$3,200
Unitemized GrantFY2020$4,600
Unitemized GrantFY2020$3,750

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$24.9M
Ln 12
Fees for servicesLn 2g$23.8M
Other incomeLn 4–11$1.0M
Investment incomeLn 3$89K
Money outPt IX
$23.7M
Ln 25
Programscol B$23.7M
Owns and owesPt X
$30.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$75.0M
LiabilitiesLn 26$44.4M
PeoplePt VI, VII
14
listed · VII A
PaidVII A14
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$23.8M
Investment incomeLn 3$89K
Other incomeLn 4–11$1.0M
Gains on assetsLn 7$968
Total revenueLn 12$24.9M
Assets in detailPt X, end of year
CashLn 1$2.0M
Cash and savings togetherLn 1–2$2.0M
InvestmentsLn 11–13$9.2M
Land, buildings, equipmentLn 10c$58.2M
Total assetsLn 16$75.0M
LiabilitiesLn 26$44.4M
Net assetsLn 32$30.6M
OperationsPt I, VI
EmployeesI 529
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$2.7M$2.0M
InvestmentsLn 11–13$9.1M$9.2M
Land, buildings, equipmentLn 10c$56.1M$58.2M
Total assetsLn 16$73.8M$75.0M
LiabilitiesLn 26$44.1M$44.4M
Net assetsLn 32$29.8M$30.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$11K$11K
Grants to domestic individualsLn 2$9K$9K
Pay of current officers, directors and key staffLn 5$264K$264K
Other salaries and wagesLn 7$1.6M$1.6M
Pension plan contributionsLn 8$467K$467K
Other employee benefitsLn 9$501K$501K
Payroll taxesLn 10$150K$150K
Management feesLn 11a$55K$55K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$27K$27K
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$186K$186K
Information technologyLn 14$200K$200K
TravelLn 17$47K$47K
Conferences, conventions and meetingsLn 19$44K$44K
InterestLn 20$1.4M$1.4M
Depreciation, depletion and amortizationLn 22$2.3M$2.3M
InsuranceLn 23$92K$92K
Other expenses (24a–d)Ln 24$15.8M$15.8M
All other expensesLn 24e$551K$551K
Total functional expensesLn 25$23.7M$23.7M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $24.9M$23.7M$1.2M$30.6M 990 PDF
FY2024 $24.2M$22.8M$1.3M$29.8M 990 PDF
FY2023 $22.2M$21.0M$1.2M$29.1M 990 PDF
FY2022 $22.8M$21.6M$1.2M$28.4M 990 PDF
FY2021 $21.6M$20.6M$1.0M$27.9M 990 PDF
FY2020 $19.5M$18.4M$1.1M$27.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $24,881,718 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $23,281,665$23,792,458
I-10 Investment incomePrior year $103,410$88,502
I-11 Other revenuePrior year $804,763$1,000,758
I-12 Total revenuePrior year $24,189,838$24,881,718
I-13 Grants and similar amounts paidPrior year $15,713$19,588
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,777,398$2,948,234
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,048,664$20,683,766
I-18 Total expensesPrior year $22,841,775$23,651,588
I-19 Revenue less expensesPrior year $1,348,063$1,230,130
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $24,881,718 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,792,458$23,792,458
VIII-3 Investment incomeExcluded from tax $87,534$87,534
VIII-6 Net rental income or lossExcluded from tax $350,115$350,115
VIII-7 Net gain or loss on sales of assetsRelated to mission $968$968
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $650,643$650,643
VIII-12 Total revenueRelated to mission $23,793,426 · Excluded from tax $1,088,292$24,881,718
Part IX · Statement of functional expenses $23,651,588 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $11,063$11,063
IX-2 Grants to domestic individualsPrograms $8,525$8,525
IX-5 Pay of current officers, directors and key staffPrograms $264,206$264,206
IX-7 Other salaries and wagesPrograms $1,566,081$1,566,081
IX-8 Pension plan contributionsPrograms $466,894$466,894
IX-9 Other employee benefitsPrograms $501,388$501,388
IX-10 Payroll taxesPrograms $149,665$149,665
IX-11a Management feesPrograms $54,571$54,571
IX-11b Legal feesPrograms $5,782$5,782
IX-11c Accounting feesPrograms $26,600$26,600
IX-11g Other fees for servicesPrograms $6,050$6,050
IX-12 Advertising and promotionPrograms $2,246$2,246
IX-13 Office expensesPrograms $185,501$185,501
IX-14 Information technologyPrograms $199,827$199,827
IX-17 TravelPrograms $47,444$47,444
IX-19 Conferences, conventions and meetingsPrograms $44,189$44,189
IX-20 InterestPrograms $1,379,627$1,379,627
IX-22 Depreciation, depletion and amortizationPrograms $2,300,249$2,300,249
IX-23 InsurancePrograms $92,232$92,232
IX-24 Other expenses (24a–d)Programs $15,788,205$15,788,205
IX-24e All other expensesPrograms $551,243$551,243
IX-25 Total functional expensesPrograms $23,651,588 · Management $0 · Fundraising $0$23,651,588
Part X · Balance sheet $75,012,388 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,681,939$2,003,386
X-4 Accounts receivableStart of year $5,040,115$4,153,479
X-8 Inventories for sale or useStart of year $815,427$745,861
X-9 Prepaid expenses and deferred chargesStart of year $136,833$672,782
X-10c Land, buildings and equipment, netStart of year $56,103,643$58,227,923
X-12 Other securitiesStart of year $9,065,524$9,208,957
X-16 Total assetsStart of year $73,843,481$75,012,388
X-17 Accounts payable and accrued expensesStart of year $4,522,237$3,938,022
X-26 Total liabilitiesStart of year $44,058,189$44,389,639
X-32 Total net assets or fund balancesStart of year $29,785,292$30,622,749
X-33 Total liabilities and net assetsStart of year $73,843,481$75,012,388
Part XI · Reconciliation of net assets $30,622,749 net assets at year end
XI-1 Total revenue$24,881,718
XI-2 Total expenses$23,651,588
XI-3 Revenue less expenses$1,230,130
XI-4 Net assets at start of year$29,785,292
XI-9 Other changes in net assets−$392,673
XI-10 Net assets at end of year$30,622,749

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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