Civic Intelligence

Northern Virginia Electric Co-Op

EIN 54-0346923 • 501(c)12 • Manassas, VA

Profile

To exceed the expectations of our customers and to be the preferred energy provider in all markets served. Distribution of Electricity (153,892 Meters/Customers)

PO Box 2710Manassas, VA 20108-0875

www.novec.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.42x

Higher debt load relative to assets than 56% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Liabilities / Revenue

52nd percentile

0.71x

Higher debt load relative to revenue than 52% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Net Margin

33rd percentile

2.7%

Higher net margin than 33% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Top Officer Pay

33rd percentile

$890,306

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

$1B+ nonprofits • Source year 2024

Asset Growth

68th percentile

10%

Faster asset growth than 68% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

3.6%

Faster revenue growth than 23% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,526,017,248

Up $139,274,819 (+10%) from 2023

Liabilities

Up

$645,133,888

Up $102,949,686 (+19%) from 2023

Net Assets

Up

$880,883,360

Up $36,325,133 (+4.3%) from 2023

Revenue

Up

$907,031,155

Up $31,621,240 (+3.6%) from 2023

Expenses

Up

$882,172,109

Up $23,342,244 (+2.7%) from 2023

Net Income

Up

$24,859,046

Up $8,278,996 (+50%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0B$1.5B$1.0B$500M$0Assets 2010: $676,564,885Liabilities 2010: $153,330,343Net Assets 2010: $523,234,5422010Assets 2011: $703,708,427Liabilities 2011: $145,561,194Net Assets 2011: $558,147,2332011Assets 2012: $790,834,438Liabilities 2012: $212,204,968Net Assets 2012: $578,629,4702012Assets 2013: $845,936,929Liabilities 2013: $241,708,574Net Assets 2013: $604,228,3552013Assets 2014: $830,218,525Liabilities 2014: $204,270,925Net Assets 2014: $625,947,6002014Assets 2015: $854,427,969Liabilities 2015: $208,259,354Net Assets 2015: $646,168,6152015Assets 2016: $873,733,780Liabilities 2016: $199,841,942Net Assets 2016: $673,891,8382016Assets 2017: $885,642,299Liabilities 2017: $178,534,694Net Assets 2017: $707,107,6052017Assets 2018: $930,331,339Liabilities 2018: $207,668,502Net Assets 2018: $722,662,8372018Assets 2019: $990,050,799Liabilities 2019: $233,802,417Net Assets 2019: $756,248,3822019Assets 2020: $1,023,743,827Liabilities 2020: $242,691,462Net Assets 2020: $781,052,3652020Assets 2021: $1,071,859,351Liabilities 2021: $258,495,241Net Assets 2021: $813,364,1102021Assets 2022: $1,247,676,031Liabilities 2022: $430,567,479Net Assets 2022: $817,108,5522022Assets 2023: $1,386,742,429Liabilities 2023: $542,184,202Net Assets 2023: $844,558,2272023Assets 2024: $1,526,017,248Liabilities 2024: $645,133,888Net Assets 2024: $880,883,3602024

Highlighted filing

2024

Assets$1,526,017,248
Liabilities$645,133,888
Net Assets$880,883,360

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0B$500M$0Expenses 2010: $396,565,0442010Expenses 2011: $455,634,2122011Expenses 2012: $389,548,5762012Revenue 2013: $396,961,196Expenses 2013: $373,065,288Net Income 2013: $23,895,9082013Revenue 2014: $433,093,921Expenses 2014: $412,554,832Net Income 2014: $20,539,0892014Revenue 2015: $471,960,206Expenses 2015: $451,674,125Net Income 2015: $20,286,0812015Revenue 2016: $437,707,158Expenses 2016: $411,674,722Net Income 2016: $26,032,4362016Revenue 2017: $468,142,057Expenses 2017: $440,491,914Net Income 2017: $27,650,1432017Revenue 2018: $538,762,673Expenses 2018: $520,272,079Net Income 2018: $18,490,5942018Revenue 2019: $574,780,360Expenses 2019: $549,302,662Net Income 2019: $25,477,6982019Revenue 2020: $525,186,117Expenses 2020: $502,786,889Net Income 2020: $22,399,2282020Revenue 2021: $676,666,779Expenses 2021: $649,621,354Net Income 2021: $27,045,4252021Revenue 2022: $998,080,039Expenses 2022: $986,247,208Net Income 2022: $11,832,8312022Revenue 2023: $875,409,915Expenses 2023: $858,829,865Net Income 2023: $16,580,0502023Revenue 2024: $907,031,155Expenses 2024: $882,172,109Net Income 2024: $24,859,0462024

Highlighted filing

2024

Revenue$907,031,155
Expenses$882,172,109
Net Income$24,859,046

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,526$645$881$907$882$24.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,387$542$845$875$859$16.6
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,248$431$817$998$986$11.8
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,072$258$813$677$650$27.0
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,024$243$781$525$503$22.4
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$990$234$756$575$549$25.5
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$930$208$723$539$520$18.5
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$886$179$707$468$440$27.7
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$874$200$674$438$412$26.0
2015Detailed filing. Detailed filing data is available for this year.$854$208$646$472$452$20.3
2014Detailed filing. Detailed filing data is available for this year.$830$204$626$433$413$20.5
2013Detailed filing. Detailed filing data is available for this year.$846$242$604$397$373$23.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$791$212$579$390
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$704$146$558$456
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$677$153$523$397
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$998,080,039
Mission and Program Overview

Mission

To exceed the expectations of our customers and to be the preferred energy provider in all markets served. Distribution of Electricity (161,107 Meters/Customers)

Our mission is creating value for its members, employees and communities by providing safe, reliable electricity and quality products at competitive prices; serving approximately 178,903 meters/customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$767,846,699$779,679,530▲ $11,832,831
Land, Buildings, and Equipment, Net$667,312,500$726,447,074▲ $59,134,574
Accounts Receivable$59,092,260$107,708,335▲ $48,616,075
Other Notes and Loans Receivable, Net$76,840,596$74,892,684▼ $1,947,912
Investments Other Securities$64,967,000$58,944,000▼ $6,023,000
Pd in Cap Srpls Land Bldg Eqp Fund$44,844,614$36,778,914▼ $8,065,700
Prepaid Expenses and Deferred Charges$10,934,367$32,814,825▲ $21,880,458
Inventories for Sale or Use$21,524,755$29,322,779▲ $7,798,024
Savings and Temporary Cash Investments$28,077,414$21,966,063▼ $6,111,351
Cash and Non-Interest-Bearing Accounts$12,450,073$10,916,109▼ $1,533,964
Investments Program Related$6,746,840$6,737,632▼ $9,208
Cap Stk Tr Prin Current Funds$672,797$650,108▼ $22,689
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,071,859,351$1,247,676,031▲ $175,816,680
Other Assets Total$123,913,546$177,926,530▲ $54,012,984
Liabilities
Other Liabilities$120,287,927$222,180,724▲ $101,892,797
Accounts Payable and Accrued Expenses$38,829,469$115,896,850▲ $77,067,381
Mortgage Notes Payable Secured by Investment Property$98,901,390$92,113,802▼ $6,787,588
Deferred Revenue$476,455$376,103▼ $100,352
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$258,495,241$430,567,479▲ $172,072,238
Net Assets / Fund Balance
Total Net Assets Fund Balance$813,364,110$817,108,552▲ $3,744,442
Total Liabilities and Net Assets / Fund Balance$1,071,859,351$1,247,676,031▲ $175,816,680

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,696,209$14,195,577$0
Other Land Buildings$47,633,613$5,993,654$0
Land$55,326,942-$0
Equipment$601,798,330$363,312,375$0
Leasehold Improvements$1,991,980$624,458$0
Other Assets Org$22,974,113--
Closely Held Equity Interests$58,944,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Feuerberg Stanley CPresident/CEOFT$608,336$322,308$930,644
Schleicher DavidPresident & CEOFT$557,756$65,407$623,163
Rollins WilburSenior Vice President - FinanceFT$324,338$98,943$423,281
Bisson RobertVice President - Electric System DevelopmentFT$265,768$122,934$388,702
Toulme PatrickVice President & Corporate CounselFT$258,208$124,021$382,229
Dailey MichaelVice President - Energy Bus DevelopmentFT$256,703$121,810$378,513
Rainey JohnDirector - Origination and Plant OpsFT$177,955$105,652$283,607
Jaramillo GilbertManager - PWR Portfolio Opt & Bus DevelFT$175,828$98,712$274,540
Swingle DanielVice President - Electric System OperationsFT$177,252$88,437$265,689
Spinner HowardManager - Regulatory AffairsFT$160,066$89,757$249,823
Hollcroft II Mason LManager - System ConstructionFT$152,951$88,664$241,615
Williams Benjamin BLead Line TechnicianFT$194,042$35,684$229,726
Crouch Curt RManager Civil EngineeringFT$158,482$62,708$221,190
Krovi Sai SProgram and PMO ManagerFT$154,496$65,916$220,412
Hooker LisaVice President - Public RelationsFT$168,680$48,344$217,024
Hartung Paul JLead Line TechnicianFT$149,317$63,808$213,125
Whyte Kevin MDirector System EngineeringFT$149,282$60,513$209,795
Gilbride CynthiaTreasurer-$39,325$5,579$44,904
House Wade CChairman-$37,514$5,459$42,973
Ragan Michael ESecretary-$36,635$5,819$42,454
Chesley JamesVice Chairperson-$36,793$5,508$42,301
George BrentDirectorPT$37,675$4,382$42,057
Albrite Jr Cleil WDirector-$37,201$4,382$41,583
Bruno MarkDirector-$37,500$382$37,882
Middleton EdithPast Director's Wife-$20,296$1,260$21,556
Grove Walter RPast Director-$13,680$1,680$15,360

Highest Paid Contractors

ContractorServicesLocationCompensation
Leo Construction CompanyUnderground Utility Construction24080 Trailhead Drive, Aldie, VA 20105$7,729,479
C W Wright Construction CompanySubstation Construction11500 Ironbridge Road, Chester, VA 23831-8280$6,010,115
New River Electrical CorpConstructionPO BOX 70, Cloverdale, VA 24077$5,686,991
Lewis Tree Service INCROW Vegetation ManagementPO BOX 731897, Dallas, TX 75373-1897$2,623,970
Lee Electrical ConstructionConstructionPO Box 55, Aberdeen, NC 28315$2,429,752
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$992,337,511
Investment Income
$3,886,703
Other Revenue
$1,855,825
Change in Net Assets
$11,832,831

Audited Revenue Reconciliation

Revenue per Audited Statements
$998,080,039
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$998,080,039
Total Revenue per Form 990
$998,080,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$948,990,535
Salaries, Compensation, and Employee Benefits$26,802,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$31,005,513
Other Salaries and Wages---$19,443,186
Benefits to Members---$10,454,130
Other Expenses---$8,829,846
All Other Expenses---$8,753,588
Fees for Services Management---$6,157,546
Interest---$3,117,724
Information Technology---$3,047,477
Current Officers, Directors, Trustees, and Key Employees---$3,039,035
Office Expenses---$2,922,675
Pension Plan Contributions---$2,417,775
Insurance---$2,015,190
Payroll Taxes---$1,731,794
Fees for Services Legal---$1,297,479
Fees for Services Other---$1,295,912
Advertising---$836,021
Fees for Services Accounting---$337,400
Occupancy---$310,994
Payments to Affiliates---$174,954
Other Employee Benefits---$170,753
Travel---$114,251
Conferences and Meetings---$110,949
Fees for Services Lobbying---$81,725
Total Functional Expenses$0$0$0$986,247,208

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$986,247,208
Expenses per Audited Statements$975,793,078
Total Expenses per Audited Statements$975,793,078
Expenses Not Reported on Financial Statements$10,454,130
Other Expense Adjustments$10,454,130
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$21,500
Section 527 Activity Spending$21,500
Total Exempt Function Spending$21,500

Section 527 Organizations

OrganizationLocationAmount
76-0846380Fairfax, VA$1,000
01-0633222Clarksville, VA$1,000
54-1414651Springfield, VA$1,000
54-1999899Chesapeake, VA$1,000
81-2272522Williamsburg, VA$1,000
00-0000000Halifax, VA$1,000
45-2487823Bristol, VA$1,000
00-0000000Portsmouth, VA$1,000
00-0000000Powhatan, VA$1,000
80-0484973Woodstock, VA$1,000
83-1655345Broadlands, VA$1,000
27-1338500Burke, VA$1,000
00-0000000Mount Vernon, VA$750
87-0782633Alexandria, VA$750
83-2310503Herndon, VA$750
00-0000000Woodbridge, VA$750
55-0893686Fairfax Station, VA$500
81-3411283Centreville, VA$500
27-1694500Springfield, VA$500
83-3979630Norge, VA$500
26-3228943Alexandria, VA$500
00-0000000Dumfries, VA$500
90-0939170Hamilton, VA$500
00-0000000Bristow, VA$500
00-0000000Dumfries, VA$500
00-0000000Woodbridge, VA$500
47-1226486Arlington, VA$500
26-4035793Dumfries, VA$500
45-2444475Marshall, VA$500
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
CIAC Advanced Deposits$206,361,549
Consumer Deposits$6,989,651
Provision for Benefits$5,027,419
Other Misc Liabilities$3,802,105
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

NOVEC is a member owned electric cooperative.

Form 990, Part VI, Section A, Line 7A

NOVEC's members elect the governing body by vote or proxy at the annual meeting.

Form 990, Part VI, Section B, Line 11B

The Form 990 is reviewed by the Accounting Manager, Vice President of Finance and Board of Directors Audit committee for completeness and accuracy as compared to the audited financial statements. Other Board Members receive a summary for review.

Form 990, Part VI, Section B, Line 12C

The policy is monitored and enforced through education and awareness at regular employee meetings and inquiries of Directors.

Form 990, Part VI, Section B, Line 15

Human Resources is responsible for the compensation packet of top managerial staff. A market analysis is performed by an independent consultant group with benchmarks by industry and geographical data. The CEO approves compensation packets for key employees. The Executive committee of the Board of Directors reviews officers compensation, benefits and contract amendments with recommendations for approval.

Form 990, Part VI, Section C, Line 19

All documents are made available upon written request by mail, fax or electronic copy.

Filing and Contact Details

Filer

Filer Name
Northern Virginia Electric Co-op
EIN
54-0346923
Phone
7033350500
Address
PO Box 2710, Manassas, VA 20108-0875
Doing Business As
Novec

Signing Officer

Name
Wilbur Rollins
Title
Sr. VP of Finance
Phone
7033921626
Signed
2023-11-06

Organization Details

Principal Officer
David Schleicher
Formed
1983
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
327
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Change in membership dues: ($22,689); Assignable Patronage: $671; OCI & Reacquired Donations: ($2,251,206).

Financial Statement Notes

Schedule D, Part X, Line 2

The Cooperative has analyzed filing positions in all of the federal and state jurisdictions where it is required to file income tax returns, including its status as a tax exempt electric cooperative entity. The Cooperative believes its income tax filing positions, including its status as a tax exempt entity will be sustained on audit and does not anticipate any adjustments that will result in a material change to its financial position. Therefore, no reserves for uncertain tax positions, nor interest and penalties, have been recorded in the accompanying consolidated financial statements. The Cooperative recognizes interest and penalties related to uncertain tax positions as interest expense and penalty expense, respectively, in the Consolidated Statements of Operations and Patronage Capital.

Schedule D, Part XII, Line 4B

Includes patronage dividends in the amount of $10,454,130 paid to members that is not recorded as an expense on NOVEC's audited financial statements. Patronage dividends paid are a reduction to Equity on the audited balance sheet.

Raw XML AppendixShowing 400 of 1,321 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt038829469
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0115896850
IRS990/AccountsReceivableGrp/BOYAmt059092260
IRS990/AccountsReceivableGrp/EOYAmt0107708335
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0Our mission is creating value for its members, employees and communities by providing safe, reliable electricity and quality products at competitive prices; serving approximately 178,903 meters/customers.
IRS990/AdvertisingGrp/TotalAmt0836021
IRS990/AllOtherExpensesGrp/TotalAmt08753588
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NOVEC
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine2Txt0Northern Virginia Electric Cooperative
IRS990/BooksInCareOfDetail/PhoneNum07033350500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 2710
IRS990/BooksInCareOfDetail/USAddress/CityNm0Manassas
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0201080875
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IRS990/CashNonInterestBearingGrp/EOYAmt010916109
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IRS990/CollectionsOfArtInd00
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt111500 Ironbridge Road
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 70
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 731897
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO Box 55
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Aldie
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Chester
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2CLOVERDALE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3Dallas
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd020105
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd428315
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Leo Construction Company
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1C W Wright Construction Company
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2NEW RIVER ELECTRICAL CORP
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4LEE ELECTRICAL CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc0Underground Utility Construction
IRS990/ContractorCompensationGrp/ServicesDesc1Substation Construction
IRS990/ContractorCompensationGrp/ServicesDesc2Construction
IRS990/ContractorCompensationGrp/ServicesDesc3ROW Vegetation Management
IRS990/ContractorCompensationGrp/ServicesDesc4Construction
IRS990/CreditCounselingInd00
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IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03886703
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IRS990/Desc0Provide affordable service to its 178,903 members with 99.99% average system reliability rate. NOVEC returned to its member-owners $6.7M in patronage capital; connected 1,544 meters and completed $53M in net new construction during the fiscal year.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Feuerberg Stanley C
IRS990/Form990PartVIISectionAGrp/PersonNm1Schleicher David
IRS990/Form990PartVIISectionAGrp/PersonNm2Rollins Wilbur
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IRS990/Form990PartVIISectionAGrp/PersonNm17Gilbride Cynthia
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1President & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President - Electric System Development
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President & Corporate Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President - Energy Bus Development
IRS990/Form990PartVIISectionAGrp/TitleTxt6Dir - Origination and Plant Ops
IRS990/Form990PartVIISectionAGrp/TitleTxt7Manager - PWR Portfolio Opt & Bus Devel
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice President - Electric System Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt9Manager - Regulatory Affairs
IRS990/Form990PartVIISectionAGrp/TitleTxt10Manager - System Construction
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IRS990/MissionDesc0Creating value for its members, employees and communities by providing safe, reliable electricity and quality products at competitive prices. Distribution of Electricity (178,903 Meters/Customers)
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