Fort Loudoun Electric Cooperative
Nonprofit profile at a glance
- EIN
- 620204106
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Vonore, TN, US
- Phone
- 1-877-353-2674
- Rating confidence
- Limited
Reported finances
- Revenue
- $93,154,859
- Expenses
- $89,411,764
- Assets
- $121,371,766
- Liabilities
- $18,332,346
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JARROD BRACKETT (CEO)
Highest reported compensation
- JARROD BRACKETT (CEO): $225,531 total reported compensation
- LELAND CHAD KIRKPATRICK (VP): $204,831 total reported compensation
- SHANE SCHAFFER (SUPERVISOR): $198,821 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide electricity to rural areas of monroe, loudon, and blount counties in east Tennessee.
Fort Loudoun Electric Cooperative (FLEC) is a member-owned electric utility serving portions of Monroe, Blount, and Loudon counties in East Tennessee. Headquartered in Vonore, FLEC provides reliable electricity and energy solutions to residential, commercial, and industrial members. The cooperative partners with the Tennessee Valley Authority (TVA) to offer energy-efficiency programs, including home energy evaluations and financing for qualifying upgrades. FLEC is governed by a board of directors elected by its members and is committed to community service and economic development.
Operating model
- Revenue model
- Earned-program. 97% 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 verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Accountability: 100
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- 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: 4%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 1.36; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 12th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 2 operating locations identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $89.4M in reported program spending
- Leadership: top reported pay $226K · 21 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5.9M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 21 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 52/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.