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WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC

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Public IRS 990 nonprofit record

WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION INC

EIN 59-0504115 · Mutual & Membership Benefit (Y)

What they do

WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION, INC. is IN BUSINESS to PROVIDE ITS MEMBERS WITH A RELIABLE SOURCE of ELECTRICITY and OTHER RELATED, SELF-SUSTAINING SERVICES AT THE LOWEST POSSIBLE COST CONSISTENT WITH ITS EXTERNAL FINANCIAL OBLIGATIONS and SOUND MANAGEMENT PRACTICES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $91.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

86.88%of revenue went to mission work91.4% of expenses · Program services
$92.02spent for every $100 of revenueRevenue covered expenses this year.
$2.38in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $286,348 for SHAWN WALLING (FORMER EXECUTIVE VP & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$78,470,807
Mission workProgram services$68,172,97986.88% of revenue91.4% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$3,899,9354.97% of revenueShown in gray on the chart
Total expenses$74,570,87295.03% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 91.4% mission · 0.0% management · 0.0% fundraisingTotal expenses: 95.03% of revenue
2023Expense mix: 91.9% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.16% of revenue
2022Expense mix: 92.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 91.32% of revenue
2021Expense mix: 92.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.09% of revenue
2020Expense mix: 92.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.04% of revenue
2019Expense mix: 99.1% mission · 0.0% management · 0.0% fundraisingTotal expenses: 85.42% of revenue
2018Expense mix: 93.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 95.82% of revenue
2017Expense mix: 93.2% mission · 6.8% management · 0.0% fundraisingTotal expenses: 96.04% of revenue

Money in and money out

Revenue$81,035,170
Expenses$74,570,872
Annual surplus $6,464,298 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$68,172,979 · 91.4% of expenses
See all reported dollar amounts
Revenue$81,035,170
Expenses$74,570,872
Assets$177,738,202
Income$81,035,170
Mission work (program services)$68,172,979
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
SHAWN WALLINGFORMER EXECUTIVE VP & CEO · 40 hrs/week $286,348Base $227,049 · Other $59,299
PENNY BRYANVP OF ADMINISTRATION · 40 hrs/week $284,162Base $142,795 · Other $141,367
KEITH VARNUMMANAGER - ENGINEERING · 40 hrs/week $244,363Base $223,079 · Other $21,284
JAMES EFURDCHIEF INFORMATION OFFICER · 40 hrs/week $223,890Base $150,494 · Other $73,396
KEVIN NELSONKEY EMPLOYEE · 40 hrs/week $189,455Base $125,347 · Other $64,108
JONATHAN LOVEKEY EMPLOYEE · 40 hrs/week $180,285Base $148,173 · Other $32,112
WESLEY DUBOISEKEY EMPLOYEE · 40 hrs/week $179,341Base $139,600 · Other $39,741
WAYNE WILLIAMSINTERIM EXECUTIVE VP & CEO · 40 hrs/week $167,055Base $156,130 · Other $10,925
LUKE GATESKEY EMPLOYEE · 40 hrs/week $161,861Base $134,264 · Other $27,597
DONNIE WORLEYSAFETY MANAGER · 40 hrs/week $131,256
JAMIE ALDAYKEY EMPLOYEE · 40 hrs/week $126,635
KALEB FROSTKEY EMPLOYEE · 40 hrs/week $115,051

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

SHAWN WALLINGFORMER EXECUTIVE VP & CEO

PENNY BRYANVP OF ADMINISTRATION

KEITH VARNUMMANAGER - ENGINEERING

JAMES EFURDCHIEF INFORMATION OFFICER

KEVIN NELSONKEY EMPLOYEE

JONATHAN LOVEKEY EMPLOYEE

WESLEY DUBOISEKEY EMPLOYEE

WAYNE WILLIAMSINTERIM EXECUTIVE VP & CEO

LUKE GATESKEY EMPLOYEE

DONNIE WORLEYSAFETY MANAGER

JAMIE ALDAYKEY EMPLOYEE

KALEB FROSTKEY EMPLOYEE

MARIE ASHWORTHCFO

JOHN W ADAMSDIRECTOR

GEORGE OWENSDIRECTOR

TIM ALFORDPRESIDENT

RANDY BUSHDIRECTOR

MYRON HUDSONSECRETARY-TREASURER

DAVID TATUMDIRECTOR

JACKIE POOSERDIRECTOR

DAVID CORBINVICE PRESIDENT

MELISSA DAWN ERICKSONDIRECTOR

About this charity

Recognized since
January 1943
Location
PO BOX 127, GRACEVILLE, FL 32440-0127
County
Jackson
In care of
WAYNE WILLIAMS
Primary officer
WAYNE WILLIAMS, EXECUTIVE VP & CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CRI ADVISORS LLC
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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