#138 of 500 · Member & Benefit Funds

Old Dominion Electric Cooperative

EIN 23-7048405 · VA · NTEE n/a · Form 990, fiscal 2023

A not-for-profit generation and transmission electric cooperative headquartered in Glen Allen, Virginia. It provides wholesale electric power to its 11 member-owned distribution cooperatives serving roughly 1.5 million people across Virginia, Maryland, and Delaware. ODEC owns and contracts generation resources, including natural gas and renewable facilities, to supply reliable, affordable electricity to its member cooperatives.

Financials, fiscal 2023

Revenue

$1.09B

Expenses

$1.09B

Total assets

$2.23B

Net assets

$488.6M

Operating margin

0.5%

1-year growth

7.8%

5-year growth (CAGR)

3.0%

Reserve (years of spending)

5.4

Contributions share

n/a

Programme spending

99.1%

Fundraising cost

n/a

Executive pay share

0.48%

Employees

149

Revenue per employee

$7.3M

Grants paid

$269K

Years filing

52

NFP Health Score: 67 / 100

Financial 49 · Governance 75 · Operational 100. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide our members with safe, reliable, sustainable and affordable electricity.

Revenue history