#318 of 500 · Member & Benefit Funds

Southern Maryland Electric Cooperative Inc

EIN 52-0492367 · MD · NTEE W80Z · Form 990, fiscal 2023

A member-owned, not-for-profit electric distribution cooperative incorporated in 1937. It serves more than 175,000 member accounts in Charles, St. Mary's, and Calvert counties and part of Prince George's County in Southern Maryland. Among the 15 largest electric cooperatives in the United States, it delivers electricity and related services and is governed by a member-elected board of directors.

Financials, fiscal 2023

Revenue

$482.1M

Expenses

$479.6M

Total assets

$1.19B

Net assets

$311.7M

Operating margin

0.5%

1-year growth

-13.6%

5-year growth (CAGR)

1.2%

Reserve (years of spending)

7.8

Contributions share

n/a

Programme spending

98.4%

Fundraising cost

n/a

Executive pay share

0.94%

Employees

583

Revenue per employee

$827K

Grants paid

n/a

Years filing

85

NFP Health Score: 69 / 100

Financial 56 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To put members first by delivering safe, reliable, affordable, and sustainable electricity and related services that exceed expectations.

Revenue history