Nonprofit · EIN 59-0504115
WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC
Tax-exempt · GRACEVILLE, FL 32440
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $81,035,170 | $80,464,208 | $570,962 | $177,738,202 | $81,185,459 | $96,552,743 |
| December 31, 2024 | 990 | $78,470,807 | $74,570,872 | $3,899,935 | $173,963,650 | $78,018,056 | $95,945,594 |
| December 31, 2023 | 990 | $73,858,381 | $71,025,749 | $2,832,632 | $170,906,277 | $80,446,401 | $90,459,876 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $79,691,562
- Investment income
- $50,426
- Other revenue
- $1,293,182
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,319,284
- Compensation of officers, directors and key employees
- $552,923
- Other salaries and wages
- $2,717,427
- Salaries, compensation and benefits (total)
- $3,779,432
- Professional fundraising fees
- $0
- Depreciation
- $6,007,943
Balance sheet and other
- Total assets, start of year
- $173,963,650
- Total assets, end of year
- $177,738,202
- Total liabilities, end of year
- $81,185,459
- Net assets, end of year
- $96,552,743
- Land, buildings and equipment
- $125,992,287
- Gross unrelated business income
- $151,043
- Gross receipts
- $81,035,170
- Employees
- 99
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES EFURD | FORMER CIO Highest-paid employee | 40 | $210,642 | $0 | $10,204 |
| HELEN DAVIS | MANAGER OF ACCOUNTING Officer | 40 | $138,410 | $0 | $77,180 |
| WAYNE WILLIAMS | VP OF OPERATIONS Highest-paid employee | 40 | $176,834 | $10,652 | $11,647 |
| PENNY BRYAN | VP OF ADMINISTRATIVE SVS. Highest-paid employee | 40 | $173,854 | $0 | $24,266 |
| SHAWN WALLING | FORMER CEO Former | 0 | $157,556 | $0 | $17,337 |
| WILL MELTON | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $141,082 | $0 | $24,185 |
| DONNIE WORLEY | DIRECTOR OF TRANSPORTATION & GROUNDS Highest-paid employee | 40 | $138,187 | $0 | $24,026 |
| NATHAN BERRY | CEO Officer | 40 | $123,251 | $11,100 | $16,829 |
| RANDY BUSH | DIRECTOR Trustee or director | 2 | $16,400 | $21,303 | $0 |
| JOHN ADAMS | DIRECTOR Trustee or director | 2 | $22,700 | $0 | $0 |
| MYRON HUDSON | SECRETARY Trustee or director, Officer | 2 | $21,300 | $0 | $0 |
| GEORGE OWENS | DIRECTOR Trustee or director | 2 | $20,250 | $0 | $0 |
| TIM ALFORD | PRESIDENT Trustee or director, Officer | 2 | $20,250 | $0 | $0 |
| JACKIE POOSER | DIRECTOR Trustee or director | 2 | $18,850 | $0 | $0 |
| DAVID TATUM | TREASURER Trustee or director, Officer | 2 | $18,800 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID CORBIN | VICE PRESIDENT Trustee or director, Officer | 2 | $15,300 |
| MELISSA ERICKSON | DIRECTOR Trustee or director | 2 | $11,000 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHAWN WALLING | FORMER EXECUTIVE VP & CEO Officer | 40 | $227,049 | $15,753 | $59,299 |
| PENNY BRYAN | VP OF ADMINISTRATION Highest-paid employee | 40 | $142,795 | $0 | $141,367 |
| KEITH VARNUM | MANAGER - ENGINEERING Highest-paid employee | 40 | $223,079 | $0 | $21,284 |
| JAMES EFURD | CHIEF INFORMATION OFFICER Highest-paid employee | 40 | $150,494 | $0 | $73,396 |
| KEVIN NELSON | KEY EMPLOYEE Highest-paid employee | 40 | $125,347 | $0 | $64,108 |
| JONATHAN LOVE | KEY EMPLOYEE Highest-paid employee | 40 | $148,173 | $0 | $32,112 |
| WESLEY DUBOISE | KEY EMPLOYEE Highest-paid employee | 40 | $139,600 | $0 | $39,741 |
| WAYNE WILLIAMS | INTERIM EXECUTIVE VP & CEO Highest-paid employee | 40 | $156,130 | $4,650 | $10,925 |
| LUKE GATES | KEY EMPLOYEE Highest-paid employee | 40 | $134,264 | $0 | $27,597 |
| DONNIE WORLEY | SAFETY MANAGER Highest-paid employee | 40 | $131,256 | $0 | $0 |
| JAMIE ALDAY | KEY EMPLOYEE Highest-paid employee | 40 | $126,635 | $0 | $0 |
| KALEB FROST | KEY EMPLOYEE Highest-paid employee | 40 | $115,051 | $0 | $0 |
| MARIE ASHWORTH | CFO Officer | 40 | $105,236 | $0 | $0 |
| RANDY BUSH | DIRECTOR Trustee or director | 2 | $18,150 | $14,200 | $0 |
| JOHN W ADAMS | DIRECTOR Trustee or director | 2 | $20,600 | $0 | $0 |
| GEORGE OWENS | DIRECTOR Trustee or director | 2 | $19,200 | $0 | $0 |
| TIM ALFORD | PRESIDENT Trustee or director | 2 | $18,850 | $0 | $0 |
| DAVID TATUM | DIRECTOR Trustee or director | 2 | $17,800 | $0 | $0 |
| MYRON HUDSON | SECRETARY-TREASURER Trustee or director | 2 | $17,800 | $0 | $0 |
| JACKIE POOSER | DIRECTOR Trustee or director | 2 | $16,400 | $0 | $0 |
| DAVID CORBIN | VICE PRESIDENT Trustee or director | 2 | $15,700 | $0 | $0 |
| MELISSA DAWN ERICKSON | DIRECTOR Trustee or director | 2 | $14,100 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES T PEEL | FORMER CEO Officer | 40 | $185,582 | $0 | $29,632 |
| MARIE ASHWORTH | CFO Officer | 40 | $154,042 | $0 | $22,299 |
| DEREK CHADWELL | INTERIM CEO Highest-paid employee | 40 | $124,417 | $14,402 | $29,787 |
| KEITH VARNUM | MANAGER - ENGINEERING Highest-paid employee | 40 | $146,537 | $0 | $21,808 |
| WAYNE WILLIAMS | V.P. OF OPERATIONS Highest-paid employee | 40 | $127,200 | $0 | $21,632 |
| KALEB FROST | KEY EMPLOYEE Highest-paid employee | 40 | $122,339 | $0 | $21,117 |
| LUKE GATES | KEY EMPLOYEE Highest-paid employee | 40 | $119,893 | $0 | $22,182 |
| DONNIE WORLEY | SAFETY MANAGER Highest-paid employee | 40 | $117,457 | $0 | $21,473 |
| JAMIE ALDAY | KEY EMPLOYEE Highest-paid employee | 40 | $116,188 | $0 | $21,999 |
| SHAWN WALLING | EXECUTIVE VP & CEO Officer | 40 | $83,195 | $7,751 | $6,064 |
| JOE RONE | PRESIDENT Trustee or director | 2 | $21,341 | $21,503 | $0 |
| TIM ALFORD | DIRECTOR Trustee or director | 2 | $20,925 | $0 | $0 |
| JOHN W ADAMS | DIRECTOR Trustee or director | 2 | $19,818 | $0 | $0 |
| GEORGE OWENS | DIRECTOR Trustee or director | 2 | $19,728 | $0 | $0 |
| MYRON HUDSON | DIRECTOR Trustee or director | 2 | $18,409 | $0 | $0 |
| RANDY BUSH | SECRETARY-TREASURER Trustee or director | 2 | $17,901 | $0 | $0 |
| JACKIE POOSER | DIRECTOR Trustee or director | 2 | $17,775 | $0 | $0 |
| DAVID TATUM | DIRECTOR Trustee or director | 2 | $17,171 | $0 | $0 |
| DAVID CORBIN | VICE PRESIDENT Trustee or director | 2 | $16,375 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 127, GRACEVILLE, FL 32440-0127
- Principal officer (990 for 2025)
- WILL MELTON, PO BOX 127, GRACEVILLE, FL 32440
- Signed the 990
- WILL MELTON, DIRECTOR OF ENGINEERING
- Phone
- (850) 263-3231
- Website
- WWW.WESTFLORIDA.COOP
- Return prepared by
- JACKSON THORNTON ADVISORS LLC
Mission
WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION, INC. IS IN BUSINESS TO PROVIDE ITS MEMBERS WITH A RELIABLE SOURCE OF ELECTRICITY AND OTHER RELATED, SELF-SUSTAINING SERVICES AT THE LOWEST POSSIBLE COST CONSISTENT WITH ITS EXTERNAL OBLIGATIONS AND SOUND MANAGEMENT PRACTICES.
Program accomplishments
- WEST FLORIDA ELECTRIC COOPERATIVE ASSOCIATION, INC. IS AN ELECTRIC DISTRIBUTION COOPERATIVE THAT PROVIDED 30,309 SERVICES TO ITS MEMBERS IN WEST FLORIDA IN 2025. WEST FLORIDA ELECTRIC MAINTAINED 4,495 MILES OF ELECTRIC DISTRIBUTION LINES AND SOLD 542,670,486 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0504115
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $177,738,202
- Income (IRS master file)
- $81,035,170
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $81,035,170 | $80,464,208 | $177,738,202 | XML |
| 990 | December 2024 | $78,470,807 | $74,570,872 | $173,963,650 | XML |
| 990 | December 2023 | $73,858,381 | $71,025,749 | $170,906,277 | XML |
| 990 | December 2022 | $72,691,010 | $66,380,058 | $167,263,194 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0504115).
Questions about WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC
- What is the EIN of WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC?
- The employer identification number (EIN) of WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC is 59-0504115.
- Is WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC?
- The 990 for the year ended December 31, 2025 names WILL MELTON.
- Who are the officers and directors of WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $210,642 (JAMES EFURD, FORMER CIO).
- How much revenue does WEST FLORIDA ELECTRIC COOPERATIVE ASSO INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $81,035,170, expenses of $80,464,208 and total assets of $177,738,202 at year end.
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