#251 of 500 · Member & Benefit Funds

Lee County Electric Cooperative Inc

EIN 59-0329555 · FL · NTEE n/a · Form 990, fiscal 2023

A not-for-profit electric distribution cooperative headquartered in North Fort Myers, Florida, founded in 1940. One of the largest cooperatives in the United States, it provides electricity to more than 240,000 customers across Southwest Florida, including Cape Coral, North Fort Myers, Sanibel, Captiva, Pine Island, Everglades City, Immokalee, Marco Island, Ave Maria and parts of Lehigh Acres. It is also one of the largest employers in Lee County.

Financials, fiscal 2023

Revenue

$608.1M

Expenses

$504.8M

Total assets

$1.06B

Net assets

$493.1M

Operating margin

17.0%

1-year growth

-2.9%

5-year growth (CAGR)

9.1%

Reserve (years of spending)

11.7

Contributions share

n/a

Programme spending

98.4%

Fundraising cost

n/a

Executive pay share

0.69%

Employees

487

Revenue per employee

$1.2M

Grants paid

$38K

Years filing

78

NFP Health Score: 79 / 100

Financial 61 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

LCEC energizes the community by providing reliable, cost-competitive electric and emerging energy solutions and quality service to its members.

Revenue history