Dixie Electric Cooperative
Nonprofit profile at a glance
- EIN
- 630059155
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Montgomery, AL, US
- Phone
- 3342881163
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $88,254,655
- Expenses
- $83,084,831
- Assets
- $175,433,879
- Liabilities
- $95,930,468
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- GARY HARRISON (CEO/GENERAL)
Highest reported compensation
- GARY HARRISON (CEO/GENERAL): $527,766 total reported compensation
- BRANDON JOHNSON (VP-ENGINEERI): $381,228 total reported compensation
- ERNIE FAULKNER (VP-MARKETING): $289,658 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Home About Us Mission Statement Share to: []( [](javascript:%20void\(0\) "Print this page"). Home About Us Mission Statement Share to: []( [](javascript:%20void\(0\) "Print this page") Mission Statement. Dixie Electric Cooperative is committed to safely providing its member-owners with economical and reliable electric power and related services. VISION. 3. **Members' Economic Participation** — Members contribute equally to, and control, the capital of the cooperative. This benefits members in proportion to the business they conduct with the cooperative rather than on the capital invested. 4. **Autonomy and Independence** — Cooperatives are autonomous, self-help organizations controlled by their members. If the co-op enters into agreements with other organizations or raises capital from external sources, it is done so based on terms that ensure control by the members and maintains the...
What it reported doing in 2024
Provided electric service to an average of 26,989 member-owners within its eight county service territory located in central Alabama, including bullock, macon and montgomery counties.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 56
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.3%; rating input score 94
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- 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: Pass
- Other Form 990s reviewed: Missing
- 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: Limited
- Related-party transparency: Limited
Accountability
- 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
Sustainability
- Operating margin: 5.9%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 2.11; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 3.6% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 29th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 94.3% of revenue deployed · 100% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $83.1M in reported program spending
- Leadership: top reported pay $528K · 16 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.1M reported
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.