Northwestern Electric Cooperative
How we got $42.9M
Based on IRS Form 990 (2025).
What we know
What they do
Northwestern Electric Cooperative is a member-owned electric cooperative that provides electricity to members in Northwest Oklahoma. It offers service start, stop and transfer, rebates, community solar, and community programs.
From the company's website. Industry: Electric Power Distribution.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NORTHWESTERN ELECTRIC COOPERATIVE this business | $42.9M | — |
| RURAL WATER DISTRICT NO2 WOODWARD COUNTY Woodward · 3 employees | $440K | 2.7 mi |
| CUSTOM ENEGERY SERVICES Sharon · 14 employees | $22.4M | 10.1 mi |
| RURAL WATER SEWER & SOLID WASTE MANAGEMENT DISTRICT NO 3 DEW Mutual · 3 employees | $972K | 17.9 mi |
| HARPER COUNTY RURAL WATER DISTRICT #1 Buffalo · 2 employees | $780K | 32.3 mi |
| HUMMEL WATER WELL SERVICES INC Alva · 4 employees | $1.3M | 34.5 mi |
| DO IT RIGHT IRRIGATION LLC Laverne · 1 employees | $282K | 39.5 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
These are the business's own reported figures, from its IRS Form 990 filing, not an estimate. EBITDA applies the industry margin to reported revenue.
| Revenue range | $40.7M – $45.0M |
| EBITDA range | $4.0M – $4.4M |
| Industry (NAICS) | Electric Power Distribution (221122) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Northwestern Electric Cooperative, Inc. (NWEC) was incorporated July 10, 1940, after farmers and ranchers in the northwestern part of Oklahoma were unable to secure electrical service from any other source.”
Advisors
- BankingThe Stock Exchange BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| The Stock Exchange Bank PPP 2020 | All 200 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/18/2020 | first | $1.2M | 54 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Northwestern Electric Cooperative
Northwestern Electric Cooperative is an electric power distribution company in Woodward, Oklahoma, in business since 1940. Its reported annual revenue is about $42.9M, with roughly $4.2M of EBITDA. It has about 54 employees.
Common questions
- Who owns Northwestern Electric Cooperative?
- The owner of Northwestern Electric Cooperative isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Northwestern Electric Cooperative make?
- Northwestern Electric Cooperative reported revenue of about $42.9M.
- How many employees does Northwestern Electric Cooperative have?
- About 54, as reported on its PPP loan.
- When was Northwestern Electric Cooperative founded?
- Northwestern Electric Cooperative has been in business since 1940.