#316 of 500 · Member & Benefit Funds

Sumter Electric Cooperative Inc

EIN 59-0469125 · FL · NTEE n/a · Form 990, fiscal 2023

A not-for-profit member-owned electric distribution cooperative headquartered in Sumterville, Florida. Established in 1938, it provides electric service to more than 265,000 member accounts across seven Central Florida counties: Citrus, Hernando, Lake, Levy, Marion, Pasco, and Sumter. It is among the largest electric cooperatives in Florida and the nation, governed by a member-elected board.

Financials, fiscal 2023

Revenue

$483.0M

Expenses

$472.5M

Total assets

$1.22B

Net assets

$366.9M

Operating margin

2.2%

1-year growth

-10.1%

5-year growth (CAGR)

4.9%

Reserve (years of spending)

9.3

Contributions share

n/a

Programme spending

99.9%

Fundraising cost

n/a

Executive pay share

1.13%

Employees

490

Revenue per employee

$986K

Grants paid

$2K

Years filing

84

NFP Health Score: 76 / 100

Financial 56 · 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

To provide exceptional service to our members, co-workers and communities.

Revenue history