Volunteer Energy Cooperative

Organization Overview

Volunteer Energy Cooperative is located in Decatur, TN. The organization was established in 1956. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Volunteer Energy Cooperative employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Volunteer Energy Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 06/2022, Volunteer Energy Cooperative generated $270.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $259.1m during the year ending 06/2022. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 123,380 CUSTOMERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 123,380 CUSTOMERS.


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Board, Officers & Key Employees

Name (title)Compensation
Roderick R Blevins
President/ce
$350,750
Paul Killian
Working/sub
$156,185
Dustin Bates
Lineman
$143,860
Michael Bice
Lineman
$143,769
Mark Kennedy
Lineman
$143,048
Mark Verstynen
VP Accountin
$143,025

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wa Kendall And Company Llc
Tree Trimming
$5,441,414
Galloway Construction Llc
Tree Trimming
$1,683,451
Mps Llc
Line Construct.
$3,077,225
Advanced Power & Lighting Llc
Fiber Construct
$492,013
Red Stag Contractors Llc
Fiber Construct
$1,326,139
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$265,439,077
Investment income $601,546
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,079,869
Net Gain/Loss on Asset Sales -$82,985
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $270,037,507

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