#285 of 500 · Member & Benefit Funds

Rappahannock Electric Cooperative

EIN 54-1135340 · VA · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit electric distribution utility headquartered in Fredericksburg, Virginia. It provides electric service to more than 184,000 connections across portions of 22 Virginia counties, serving residential, commercial and community members as a locally governed cooperative.

Financials, fiscal 2023

Revenue

$535.5M

Expenses

$518.6M

Total assets

$1.20B

Net assets

$442.1M

Operating margin

3.1%

1-year growth

8.5%

5-year growth (CAGR)

3.2%

Reserve (years of spending)

10.2

Contributions share

n/a

Programme spending

99.0%

Fundraising cost

n/a

Executive pay share

0.79%

Employees

481

Revenue per employee

$1.1M

Grants paid

$44K

Years filing

81

NFP Health Score: 66 / 100

Financial 51 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To connect members and communities with safe, reliable, affordable and sustainable energy solutions.

Revenue history