Peace River Electric Cooperative
Legal name: Peace River Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 590395398
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Wauchula, FL, US
- Phone
- (800) 282-3824
- Rating confidence
- Limited
Reported finances
- Revenue
- $144,033,518
- Expenses
- $144,033,518
- Assets
- $414,973,561
- Liabilities
- $278,635,575
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- HOLLIS ALBRITTON JR (PRESIDENT)
- CHRIS PORTALE (VICE PRESIDENT)
- RANDALL W SHAW (GENERAL MANAGER/CEO)
Highest reported compensation
- RANDALL W SHAW (GENERAL MANAGER/CEO): $445,178 total reported compensation
- PAUL A ROBERTS (VP OF ENGINEERING): $262,132 total reported compensation
- LOUISE F BLACKMAN (VP - MEMBER SERVICES): $259,668 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 reliable, affordable electric service and innovative energy solutions to our member-owners while fostering community development and environmental stewardship.
What it reported doing in 2024
Providing electric energy to our members. 68,359 active services at year end were provided electricity on a cooperative basis through the allocation of patronage capital.
Operating model
- Revenue model
- Earned-program. 100% 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: 47
- Accountability: 100
- Sustainability: 47
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 8th 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- 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: 0%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 2.88; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.67; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 1.2%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.8% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 32nd percentile among comparable filings
Details
- What they do: 16 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $445K · 15 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $14.8M reported
- Consistency: 12 of 12 current checks pass
- Schedules: 6 filed schedules · includes foreign activity and executive pay
- Filing history: 14 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.