Withlacoochee River Electric Cooperative
Legal name: Withlacoochee River Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 590545223
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Dade City, FL, US
- Phone
- (352) 567-5133
- Rating confidence
- Limited
Reported finances
- Revenue
- $674,641,546
- Expenses
- $626,516,928
- Assets
- $1,502,854,443
- Liabilities
- $746,968,284
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- TERRENCE SCHRADER (PRESIDENT)
- ROBERT W STRICKLAND (VICE PRESIDENT)
Highest reported compensation
- DAVID B LAMBERT II (GENERAL MANAGER): $1,020,304 total reported compensation
- KRISTINA S WALZAK (MGR HR & JOB TRAINING & SA): $516,020 total reported compensation
- RALPH J BURDIN JR (MANAGER ENERGY & SYSTEM RELIABILITY): $506,114 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 exceed our Member's expectations by providing safe, resilient electric service at the best possible value while enriching and strengthening the communities we serve.
What it reported doing in 2025
Sale of electricity to members-rural electric cooperative
Operating model
- Revenue model
- Earned-program. 99% 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: 70
- Accountability: 94
- Sustainability: 60
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 13th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- 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: 65.6%; rating input score 66; 18th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 18th 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: 7.1%; rating input score 62; 62nd percentile among comparable filings
- Total-asset coverage ratio: 2.4; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.5; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -44.9% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 4.2% per year; rating input score 100; 30th percentile among comparable filings
Details
- What they do: 3 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: 8 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $626.5M in reported program spending
- Leadership: top reported pay $1M · 17 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $57.7M reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 24 filed money-flow records
- Related organizations: 12 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.
- High — Growth: Program expense growth scored 0/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.