Nonprofit · EIN 63-0462077
COVINGTON ELECTRIC COOPERATIVE INC
Tax-exempt · ANDALUSIA, AL 36421
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $74,939,620 | $69,508,954 | $5,430,666 | $257,513,080 | $154,940,862 | $102,572,218 |
| December 31, 2024 | 990 | $71,225,741 | $65,563,167 | $5,662,574 | $243,525,069 | $146,544,134 | $96,980,935 |
| December 31, 2023 | 990 | $67,323,003 | $61,179,217 | $6,143,786 | $245,434,365 | $153,937,967 | $91,496,398 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $68,648,418
- Investment income
- $1,868,387
- Net rental income
- $4,234,590
- Other revenue
- $4,422,815
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $625,478
- Compensation of officers, directors and key employees
- $864,753
- Other salaries and wages
- $661,132
- Salaries, compensation and benefits (total)
- $1,525,885
- Professional fundraising fees
- $0
- Depreciation
- $7,208,026
Balance sheet and other
- Total assets, start of year
- $243,525,069
- Total assets, end of year
- $257,513,080
- Total liabilities, end of year
- $154,940,862
- Net assets, end of year
- $102,572,218
- Land, buildings and equipment
- $182,138,896
- Gross unrelated business income
- $4,234,590
- Gross receipts
- $74,939,620
- Employees
- 101
- Year formed
- 1944
- State of legal domicile
- AL
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 | Other / benefits |
|---|---|---|---|---|
| MARK G PARKER | PRESIDENT & Officer | 55 | $300,863 | $142,851 |
| KIMBERLY M CARTER | VP FINANCE Officer | 50 | $200,104 | $152,873 |
| FRANCIS M CHIRICO | DIRECTOR EN Key employee | 45 | $195,174 | $137,852 |
| ANTHONY WILLIS | DIRECTOR TEL Highest-paid employee | 50 | $161,684 | $151,255 |
| RANDALL HELMS | OPERATIONS M Highest-paid employee | 45 | $145,824 | $86,829 |
| TRACY TURNER | NETWORK ENGI Highest-paid employee | 55 | $124,049 | $62,477 |
| RONNIE DIXON | CONST FOREMA Highest-paid employee | 45 | $114,863 | $63,142 |
| DUSTIN HINSON | CONST FOREMA Highest-paid employee | 45 | $114,712 | $34,835 |
| CHARLES GRACE | TRUSTEE Trustee or director | 4.5 | $31,627 | $0 |
| JAMES F MARTIN JR | ASST. SEC/TR Trustee or director, Officer | 4.75 | $30,277 | $0 |
| WILLIE B SMITH JR | CHAIRMAN Trustee or director, Officer | 3.5 | $28,927 | $0 |
| PATRICIA C JANASKY | VICE CHAIRMA Trustee or director, Officer | 2.75 | $25,327 | $0 |
| WILLIAM G KING JR | SECRETARY/TR Trustee or director, Officer | 3 | $23,977 | $0 |
| JENELLE SMITH | TRUSTEE Trustee or director | 4 | $22,820 | $0 |
| C HEFLIN SMITH | TRUSTEE Trustee or director | 2 | $5,657 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK G PARKER | PRESIDENT & Officer | 60 | $336,651 | $119,198 |
| KIMBERLY M CARTER | VP FINANCE Officer | 55 | $202,313 | $115,206 |
| BERT L CHAMPION | VP OPERATION Former | 50 | $201,731 | $75,872 |
| FRANCIS M CHIRICO | DIRECTOR EN Key employee | 40 | $170,261 | $104,664 |
| RANDALL HELMS | OPERATIONS M Highest-paid employee | 45 | $143,006 | $75,184 |
| ANTHONY WILLIS | DIRECTOR TEL Highest-paid employee | 60 | $147,609 | $41,935 |
| PATRICIA C JANASKY | SECRETARY/TR Trustee or director, Officer | 5 | $28,212 | $0 |
| JAMES F MARTIN JR | TRUSTEE Trustee or director | 4 | $26,863 | $0 |
| WILLIE B SMITH JR | CHAIRMAN Trustee or director, Officer | 5 | $26,862 | $0 |
| CHARLES GRACE | TRUSTEE Trustee or director | 5 | $25,962 | $0 |
| WILLIAM G KING JR | ASSISTANT SE Trustee or director | 6.2 | $25,062 | $0 |
| C HEFLIN SMITH | VICE CHAIRMA Trustee or director, Officer | 2 | $24,163 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHARLES E SHORT | PRESIDENT & Former | 60 | $362,662 | $0 | $8,605 |
| MARK G PARKER | PRESIDENT & Officer | 55 | $265,256 | $0 | $91,080 |
| KIMBERLY M CARTER | VP FINANCE Officer | 50 | $194,682 | $0 | $104,673 |
| BERT L CHAMPION | VP OPERATION Officer | 50 | $192,841 | $0 | $72,644 |
| FRANCIS M CHIRICO | DIRECTOR EN Highest-paid employee | 45 | $160,214 | $0 | $88,811 |
| RANDALL HELMS | OPERATIONS M Highest-paid employee | 50 | $135,190 | $0 | $69,309 |
| WILLIAM BAINES | DIRECTOR TEL Key employee | 55 | $166,009 | $0 | $31,487 |
| JOHN JOHNSON | CONSTRUCTION Highest-paid employee | 49 | $107,518 | $0 | $34,698 |
| DUSTIN HINSON | CONSTRUCTION Highest-paid employee | 40 | $108,844 | $0 | $31,138 |
| WILLIE B SMITH JR | CHAIRMAN Trustee or director, Officer | 7 | $27,630 | $22,000 | $0 |
| CHARLES GRACE | TRUSTEE Trustee or director | 6 | $33,030 | $0 | $0 |
| PATRICIA C JANASKY | SECRETARY/TR Trustee or director, Officer | 4 | $27,980 | $0 | $0 |
| JAMES F MARTIN JR | TRUSTEE Trustee or director | 4 | $27,179 | $0 | $0 |
| WILLIAM G KING JR | ASSISTANT SE Trustee or director | 4 | $26,729 | $0 | $0 |
| C HEFLIN SMITH | VICE CHAIRMA Trustee or director, Officer | 2 | $20,880 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 18836 US HIGHWAY 84, ANDALUSIA, AL 36421-8777
- Principal officer (990 for 2025)
- MARK G PARKER
- Signed the 990
- MARK G PARKER, PRESIDENT & CEO
- Phone
- (334) 222-4121
- Website
- WWW.COVINGTON.COOP
- Return prepared by
- GRUENLOH MATZ & ASSOCIATES PC
Mission
THE COOPERATIVE'S PRIMARY MISSION IS TO PROVIDE SERVICE TO ITS APPROXIMATELY 23,000 MEMBER-OWNERS IN SOUTHERN ALABAMA.
Program accomplishments
- DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS.
- SALARIES OF MANAGEMENT AND KEY PERSONNEL ARE REVIEWED BY THE BOARD USING COMPARABLE DATA FROM OTHERS IN THE INDUSTRY. PERIODICALLY, POSITIONS AND SALARIES ARE REVIEWED BY AN OUTSIDE CONSULTANT.
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
- 63-0462077
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $257,513,080
- Income (IRS master file)
- $74,939,620
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $74,939,620 | $69,508,954 | $257,513,080 | XML |
| 990 | December 2024 | $71,225,741 | $65,563,167 | $243,525,069 | XML |
| 990 | December 2023 | $67,323,003 | $61,179,217 | $245,434,365 | XML |
| 990 | December 2022 | $63,715,088 | $59,825,928 | $215,289,876 | 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 63-0462077).
Questions about COVINGTON ELECTRIC COOPERATIVE INC
- What is the EIN of COVINGTON ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of COVINGTON ELECTRIC COOPERATIVE INC is 63-0462077.
- Is COVINGTON ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1957.
- Are donations to COVINGTON ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COVINGTON ELECTRIC COOPERATIVE 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 COVINGTON ELECTRIC COOPERATIVE 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 COVINGTON ELECTRIC COOPERATIVE 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 COVINGTON ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names MARK G PARKER.
- Who are the officers and directors of COVINGTON ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $300,863 (MARK G PARKER, PRESIDENT &).
- How much revenue does COVINGTON ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $74,939,620, expenses of $69,508,954 and total assets of $257,513,080 at year end.
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