Civic Intelligence

Mpd Electric Cooperative Inc

EIN 85-4014392 • 501(c)12 • Florence, SC

Profile

Providing electricity distribution services to its two sec 501(c)(12) members.

PO Box 100561Florence, SC 29502

mpd.coop

Siviq Scores

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

Liabilities / Assets

34th percentile

0.58x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

1.08x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2024

Net Margin

77th percentile

2.0%

Higher net margin than 77% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

64th percentile

7.8%

Faster asset growth than 64% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

204%

Faster revenue growth than 99% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$401,909,826

Up $28,930,577 (+7.8%) from 2023

Liabilities

Up

$231,644,195

Up $2,577,812 (+1.1%) from 2023

Net Assets

Up

$170,265,631

Up $26,352,765 (+18%) from 2023

Revenue

Up

$214,898,728

Up $144,224,683 (+204%) from 2023

Expenses

Up

$210,570,727

Up $136,028,915 (+182%) from 2023

Net Income

Up

$4,328,001

Up $8,195,768 (+212%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2022: $212,788,185Liabilities 2022: $155,790,292Net Assets 2022: $56,997,8932022Assets 2023: $372,979,249Liabilities 2023: $229,066,383Net Assets 2023: $143,912,8662023Assets 2024: $401,909,826Liabilities 2024: $231,644,195Net Assets 2024: $170,265,6312024

Highlighted filing

2024

Assets$401,909,826
Liabilities$231,644,195
Net Assets$170,265,631

Operations Trend

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

$300M$200M$100M$0-$100MRevenue 2022: $23,307,360Expenses 2022: $23,307,360Net Income 2022: $02022Revenue 2023: $70,674,045Expenses 2023: $74,541,812Net Income 2023: -$3,867,7672023Revenue 2024: $214,898,728Expenses 2024: $210,570,727Net Income 2024: $4,328,0012024

Highlighted filing

2024

Revenue$214,898,728
Expenses$210,570,727
Net Income$4,328,001

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.0
Gross Receipts
$214,898,728
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$251,004,686$275,064,362▲ $24,059,676
Rtn Earn Endowment Incm Other Fnds$143,912,866$170,265,631▲ $26,352,765
Accounts Receivable$53,922,428$49,579,837▼ $4,342,591
Investments Program Related$17,090,386$20,032,014▲ $2,941,628
Investments Other Securities$7,204,720$12,821,480▲ $5,616,760
Cash and Non-Interest-Bearing Accounts$3,891,909$12,126,391▲ $8,234,482
Inventories for Sale or Use$5,391,234$3,329,668▼ $2,061,566
Prepaid Expenses and Deferred Charges$756,859$510,917▼ $245,942
Total Assets$372,979,249$401,909,826▲ $28,930,577
Other Assets Total$33,717,027$28,445,157▼ $5,271,870
Liabilities
Mortgage Notes Payable Secured by Investment Property$172,024,774$185,135,101▲ $13,110,327
Other Liabilities$32,414,565$27,772,243▼ $4,642,322
Accounts Payable and Accrued Expenses$24,627,044$18,736,851▼ $5,890,193
Total Liabilities$229,066,383$231,644,195▲ $2,577,812
Net Assets / Fund Balance
Total Net Assets Fund Balance$143,912,866$170,265,631▲ $26,352,765
Total Liabilities and Net Assets / Fund Balance$372,979,249$401,909,826▲ $28,930,577

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$173,973,485$116,469,557$290,443,042
Buildings$64,658,431$5,685,975$70,344,406
Land$36,432,446-$36,432,446
Other Assets Org$324,889--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William L Fleming JrPresident (cFT$633,203$194,145$827,348
William L Fleming JrPresident (CEO)-$507,050$320,298$827,348
Robert B Fleming JrChief OperatFT$563,339$195,751$759,090
Robert B Fleming JrChief Operating Ofc-$421,050$338,040$759,090
Paul ConwayVP BusinessFT$535,744$170,496$706,240
Paul ConwayVP Business Strategy-$469,500$236,740$706,240
Annie CrowleyCFOFT$333,525$254,262$587,787
Jessica MasonVP, AccountiFT$389,280$175,915$565,195
Jessica MasonVP, Accounting-$336,550$228,645$565,195
Lori a StuckeyChief ConsumFT$357,091$164,669$521,760
Lori a StuckeyChief Consumer Ofc-$298,665$223,095$521,760
Thomas H Freeman JrSr VP Admin-$304,271$210,837$515,108
Donald Jeff QuickSecretary/tr-$44,205-$44,205
David HowellDirector-$43,994-$43,994
Lee C WhiteDirector-$43,994-$43,994
Sam P Mcinnis JrChairman-$43,498-$43,498
Edgar GordonDirector-$25,874-$25,874
Janelle SaulsDirector-$25,874-$25,874
John AlfordDirector-$25,874-$25,874
Melvin CaraboDirector-$25,874-$25,874
Patrick Ann ToneyDirector-$25,874-$25,874
Ricky SmithDirector-$25,874-$25,874
Robert NortonDirector-$25,874-$25,874
W Ronald QuickDirector-$25,874-$25,874
Don R TealDirector-$25,756-$25,756
Hamer ParnellDirector-$25,677-$25,677
William F Buster RogersDirector-$25,677-$25,677
James a GoodsonVice Chairma-$25,661-$25,661
Preston GaineyDirector-$10,898-$10,898
F Lashon SellersDirector-$6,761-$6,761

Highest Paid Contractors

ContractorServicesLocationCompensation
Be&k Building GroupConstruction201 EAST MCBEE AVENUE STE 400, Greenville, SC 29601$3,761,284
Southeastern Limb & TreeTrimmingPO BOX 1872, Ridgeland, SC 29936$3,017,846
Utility Innovation GroupUtility Serv702 OBERLIN RD STE 230, Raleigh, NC 27605$1,517,849
Turkey Creek InvestmentsConstruction465 FORDVILLE RD, Ridgeland, SC 29936$1,024,709
Elementum InteriorsInt Furnishings1527 RICHLAND ST, Columbia, SC 29201$585,931
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$208,557,950
Investment Income
$1,442,093
Other Revenue
$4,898,685
Change in Net Assets
$4,328,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$181,026,954
Salaries, Compensation, and Employee Benefits$6,772,916
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$22,770,857
Depreciation Depletion---$12,527,584
All Other Expenses---$12,456,166
Interest---$9,323,101
Other Expenses---$5,802,144
Current Officers, Directors, Trustees, and Key Employees---$3,774,694
Other Salaries and Wages---$2,998,222
Advertising---$480,021
Office Expenses---$307,957
Total Functional Expenses$0$0$0$210,570,727
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$15,989,716
Other Current & Accrued Liab$7,525,419
Other Deferred Credits$3,932,219
Other Liabilities$324,889
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The cooperative has members as provided for in its bylaws.

Form 990, Page 6, Part VI, Line 7A

The cooperative has members who elect other members of the governing body as provided for in the bylaws.

Form 990, Page 6, Part VI, Line 7B

Certain decisions of the governing body are subject to approval by members as provided for in the bylaws.

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed in detail by the cooperative's governing body, with all supporting documentation made available to them before being filed.

Form 990, Page 6, Part VI, Line 12C

The cooperative regularly and consistently monitors and enforces compliance with their conflict of interest policy as provided for in its policy which is included as a part of this return.

Form 990, Page 6, Part VI, Line 15A

Compensation of the ceo is reviewed and approved through the use of a performance review conducted by the member-elected board. As part of the process the board utilizes a salary study by a recognized national organization.

Form 990, Page 6, Part VI, Line 15B

Compensation for key employees is reviewed and approved through the use of a performance review conducted by the ceo.

Form 990, Page 6, Part VI, Line 19

Mpd electric makes available on request its governing documents (bylaws), conflict of interest policy, and financial statements.

Filing and Contact Details

Filer

Filer Name
Mpd Electric Cooperative Inc
EIN
85-4014392
Phone
8434793855
Address
PO BOX 100561, FLORENCE, SC 29502

Signing Officer

Name
William L Fleming Jr
Title
President (CEO)
Phone
8434793855
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William L Fleming Jr
Formed
2020
Legal Domicile
Sc
Voting Board Members
18
Independent Board Members
18
Employees
121

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Richard a Whitten Jr
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Benefits paid to members 22,024,764

Raw XML AppendixShowing 400 of 631 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4VP, ACCOUNTI
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IRS990/Form990PartVIISectionAGrp/TitleTxt6SR VP ADMIN
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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