#263 of 500 · Member & Benefit Funds

Withlacoochee River Electric Cooperative Inc

EIN 59-0545223 · FL · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit electric distribution cooperative founded in 1941 and headquartered in Dade City, Florida. It distributes electricity to members across west-central Florida and is a member-owner of generation and transmission provider Seminole Electric Cooperative. WREC focuses on providing safe, reliable, and affordable electric service while supporting the communities it serves.

Financials, fiscal 2023

Revenue

$574.8M

Expenses

$536.3M

Total assets

$1.34B

Net assets

$678.0M

Operating margin

6.7%

1-year growth

-1.6%

5-year growth (CAGR)

4.3%

Reserve (years of spending)

15.2

Contributions share

n/a

Programme spending

97.3%

Fundraising cost

n/a

Executive pay share

0.36%

Employees

622

Revenue per employee

$924K

Grants paid

$61K

Years filing

64

NFP Health Score: 68 / 100

Financial 55 · 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 provide its members with superior electric services at the most affordable price, delivering safe, resilient electric service at the best possible value while enriching and strengthening the communities it serves.

Revenue history