Callaway Electric Cooperative

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

12 people listed

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Distribution of electricity to rural members.

Sold and distributed electricity to rural members.

Revenue model: Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 91.7%; rating input score 92; 5th percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 69th percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 4.3%; rating input score 59; 59th percentile among comparable filings
Total-asset coverage ratio: 3.55; rating input score 83; 83rd percentile among comparable filings
Liabilities to assets ratio: 0.62; rating input score 26; 26th percentile among comparable filings
Officer compensation ratio: 2.4%; rating input score 66; 66th percentile among comparable filings

Program expense growth: 4.7% per year; rating input score 100; 52nd percentile among comparable filings
Revenue growth: 1.3% per year; rating input score 100; 27th percentile among comparable filings
Asset growth: 3.1% per year; rating input score 100; 41st percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
Programs: 1 filed program accomplishment · $22.8M in reported program spending
Leadership: top reported pay $235K · 12 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 2 contractors listed · $1.3M reported
Consistency: 10 of 11 current checks pass · 1 finding to review
Schedules: 4 filed schedules · includes executive pay
Filing history: 6 filing years from 2010 to 2015
Contacts: How to reach this organization
Money network: 12 filed money-flow records
Related organizations: 1 filed related-organization link
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
Review — Sustainability: Operating margin scored 59/100.
Review — Accountability: Governance controls: Other executive compensation review process not reported.
High — Sustainability: Liabilities to assets ratio scored 26/100.