#178 of 500 · Member & Benefit Funds

Northern Virginia Electric Co-Op

EIN 54-0346923 · VA · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit electric distribution cooperative headquartered in Manassas, Virginia. Formed in 1983 through the consolidation of two earlier cooperatives dating to 1939-1941, it is Virginia's largest electric cooperative, providing electricity to more than 180,000 homes and businesses across Prince William, Fairfax, Fauquier, Loudoun, Clarke and Stafford counties and nearby communities.

Financials, fiscal 2023

Revenue

$875.4M

Expenses

$858.8M

Total assets

$1.39B

Net assets

$844.6M

Operating margin

1.9%

1-year growth

-12.3%

5-year growth (CAGR)

11.1%

Reserve (years of spending)

11.8

Contributions share

n/a

Programme spending

98.7%

Fundraising cost

n/a

Executive pay share

0.41%

Employees

350

Revenue per employee

$2.5M

Grants paid

n/a

Years filing

78

NFP Health Score: 74 / 100

Financial 53 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history