YMutual & Membership BenefitEIN: 590543772· Ruling Year: 1958

Gulf Coast Electric Coop Inc

Wewahitchka, Florida

B+Health Score
66B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 22 peers in Mutual & Membership Benefit with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org1.29×
Peer Median10.70×
💰
$64.8M
Total Revenue
📊
$60.2M
Total Expenses
🏦
$77.6M
Net Assets
📋
$166.7M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+10.6%
Year-over-year change (2022 → 2023)
Net Margin
+7.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.29
Net assets divided by total expenses
Liabilities-to-Assets
68.2%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$64,847,11311%$60,240,0499%$244,338,6334%
2022$58,628,084$55,115,90912%$234,149,3314%
2021$58,878,4657%$49,114,3064%$224,365,61915%
2020$55,070,8908%$47,176,5193%$263,318,3553%
2019$50,893,1265%$48,656,5226%$254,687,9272%
2018$48,596,2771%$45,836,641$261,191,25758%
2017$48,016,9691%$45,965,5314%$165,691,1963%
2016$47,364,6822%$44,322,4321%$160,498,308
2015$48,174,1671%$44,705,7933%$160,614,9505%
2014$48,656,5564%$46,009,5074%$153,580,9851%
2013$46,790,9391%$44,120,4462%$152,531,9011%
2012$47,234,853$43,189,519$151,304,9668%
2011$47,295,363$43,225,957$140,152,140

Frequently Asked Questions

What does Gulf Coast Electric Coop Inc do?

Gulf Coast Electric Coop Inc is a mutual & membership benefit nonprofit organization based in Florida. It is classified under NTEE code Y22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Gulf Coast Electric Coop Inc financially healthy?

Based on our 9-metric Financial Health Score model, Gulf Coast Electric Coop Inc has a score of 66/100 (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 Gulf Coast Electric Coop Inc generate?

Gulf Coast Electric Coop Inc reports $76.1M in annual revenue and holds $269.1M in total assets, based on IRS filings.

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