Cloverland Electric Cooperative INC
Sault S Marie, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 111 peers in Unclassified with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $90,733,673↑1% | $83,672,248↓4% | $223,251,430↑4% | — |
| 2022 | $89,448,818↑3% | $86,833,977↑11% | $214,176,437↑2% | — |
| 2021 | $87,157,838↑7% | $77,884,316↑7% | $210,343,579↑3% | — |
| 2020 | $81,703,747 | $72,554,496↓5% | $203,278,204↑2% | — |
| 2019 | $81,901,012↓2% | $76,577,700↓4% | $198,578,715 | — |
| 2018 | $83,801,221↑7% | $79,397,910↑7% | $199,181,494↑2% | — |
| 2017 | $78,152,578↓3% | $74,229,172↓5% | $195,098,488↑2% | — |
| 2016 | $80,723,771↑1% | $78,361,561 | $191,354,983↑6% | — |
| 2015 | $79,579,382↓8% | $78,158,082↓8% | $180,580,959↑3% | — |
| 2014 | $86,404,239↑4% | $85,315,643↑4% | $175,009,826↑4% | — |
| 2013 | $83,281,766 | $81,726,660↓1% | $168,351,694↑11% | — |
| 2012 | $83,145,199↓5% | $82,525,923↓4% | $151,427,286↑4% | — |
| 2011 | $87,085,087 | $85,954,133 | $145,727,959 | — |
Frequently Asked Questions
What does Cloverland Electric Cooperative INC do?▼
Cloverland Electric Cooperative INC is a unclassified nonprofit organization based in Michigan. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Cloverland Electric Cooperative INC financially healthy?▼
Based on our 9-metric Financial Health Score model, Cloverland Electric Cooperative INC has a score of 63/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Cloverland Electric Cooperative INC generate?▼
Cloverland Electric Cooperative INC reports $91.3M in annual revenue and holds $235.0M in total assets, based on IRS filings.
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