Cherryland Electric Cooperative Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

15 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Electric cooperative

Provide electric services to over 38,000 members.

Revenue model: Earned-program. 94% 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: 100%; rating input score 100; 68th percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 8.8%; rating input score 69; 69th percentile among comparable filings
Total-asset coverage ratio: 2.56; rating input score 71; 71st percentile among comparable filings
Liabilities to assets ratio: 0.59; rating input score 29; 29th percentile among comparable filings
Officer compensation ratio: 3.3%; rating input score 34; 34th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 2.3% per year; rating input score 100; 16th percentile among comparable filings
Asset growth: 3.8% per year; rating input score 100; 26th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $319K · 15 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 4 contractors listed · $6.3M reported
Consistency: 13 of 13 current checks pass
Schedules: 5 filed schedules · includes major donors and executive pay
Filing history: 15 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 15 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.
Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

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