ZUnclassifiedEIN: 560168825

Carteret-craven Electric Cooperative

Newport, North Carolina

BHealth Score
63B

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)

This Org0.97×
Peer Median5.86×
💰
$72.4M
Total Revenue
📊
$68.4M
Total Expenses
🏦
$66.5M
Net Assets
📋
$67.8M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+3.3%
Year-over-year change (2022 → 2023)
Net Margin
+5.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.97
Net assets divided by total expenses
Liabilities-to-Assets
50.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$72,417,1203%$68,415,5162%$134,267,9752%
2022$70,087,4111%$66,951,4125%$132,224,4794%
2021$69,642,7312%$63,628,3683%$137,343,8641%
2020$70,996,77210%$65,600,14311%$136,390,4423%
2019$78,765,8849%$73,724,32313%$132,668,4571%
2018$72,525,2279%$65,354,2147%$134,502,2635%
2017$66,361,608$60,979,9503%$128,695,8431%
2016$66,089,8243%$59,443,8984%$130,185,6135%
2015$68,111,4061%$62,061,9101%$124,326,1036%
2014$67,624,5875%$62,721,6824%$117,084,106
2013$64,340,3911%$60,170,181$116,916,1378%
2012$63,498,3702%$59,990,7043%$108,349,0143%
2011$64,957,144$62,101,795$105,034,129

Frequently Asked Questions

What does Carteret-craven Electric Cooperative do?

Carteret-craven Electric Cooperative is a unclassified nonprofit organization based in North Carolina. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Carteret-craven Electric Cooperative financially healthy?

Based on our 9-metric Financial Health Score model, Carteret-craven Electric Cooperative 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 Carteret-craven Electric Cooperative generate?

Carteret-craven Electric Cooperative reports $75.2M in annual revenue and holds $140.8M in total assets, based on IRS filings.

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