Golden State Power Cooperative
Nonprofit profile at a glance
- EIN
- 680441905
- IRS 990 coverage
- 2021–2025
- Forms available
- Form 990 2025, Form 990-EZ 2020
- Location
- Graeagle, CA, USA
- Phone
- 5309277856
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $424,878
- Expenses
- $423,931
- Assets
- $87,684
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- KEVIN SHORT (PRESIDENT)
Highest reported compensation
- JESSICA NELSON (GENERAL MANA): $212,912 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To use cooperative business model to assist California communities to create and manage non-profit, member-owned, member-controlled energy cooperatives that provide honest, efficient, affordable, and reliable electric service. Golden state power cooperative strives to minimize the legislative and regulatory burden on californi's electric cooperatives so that they can serve their communities affordably.
What it reported doing in 2025
To use cooperative business model to assist California communities to create and manage non-profit, member-owned, member-controlled energy cooperatives that provide honest, efficiant, affordable, and reliable elctric service. Golden state power cooperative strives to minimize the legislative and regulatory burdan on California's electric cooperatives so that they can serve their communities affordably.
Operating model
- Revenue model
- Membership-supported. 91% of the money available for current operations came from membership dues.
- Distribution model
- Direct operator. The filing allocates 100% 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
MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 60
- Accountability: 5
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.8%; rating input score 93
- Program expense ratio: 93%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 8th percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0.2%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.21; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 50.2%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 100% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 15.5% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 92.8% of revenue deployed · 93% of spending went to programs
- Governance: 0 of 4 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $213K · 5 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 2 filed schedules · includes executive pay
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 2 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.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 3/100.