Madison Energy Cooperative Associa… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Andy Duckworth

Phone

8888630032

Tax Period

2025-01-01 to 2025-12-31

Madison Energy Cooperative Association Inc, founded in 1997, is a community nonprofit in the Public & Societal Benefit sector that reported $5.3M in total revenue in fiscal year 2025.

Mission

None

Program Service Accomplishments

Program 1

Expenses: $5,273,399 Revenue: $5,257,561

Installation and maintenance of natural gas pipelines for the purpose of providing natural gas service for the benefit of members.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $12,725

Program Service Revenue $5,257,561

Investment Income $1

Other Revenue $0

TOTAL REVENUE $5,270,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,000

Fundraising Expenses $0

Program Expenses $5,273,399

Other Expenses $0

TOTAL EXPENSES $5,273,399

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,270,287	$4,988,364	+0.1%
Expenses	$5,273,399	$4,988,231	+0.1%
Net Income	$-3,112	$133	-24.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$9,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Wheatley	President	1.00	Officer	$1,800	$0	$1,800
Jeff Niemeyer	Treasurer	1.00	Officer	$1,800	$0	$1,800
Anthony Barnhart	Board Member	1.00	Officer	$1,800	$0	$1,800
Richard Ballard	Secretary	1.00	Officer	$1,800	$0	$1,800
Jeffrey J Pitt	Board Member	1.00	Officer	$1,800	$0	$1,800

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$5,270,287	$5,273,399	$2,139,863	$-3,112
2024	$4,988,364	$4,988,231	$2,318,249	$133
2023	$4,352,924	$4,352,934	$1,373,976	$-10
2022	$4,370,569	$4,370,133	$834,510	$436
2021	$3,580,556	$3,581,617	$811,465	$-1,061
2020	$2,827,196	$2,829,139	$482,396	$-1,943
2019	$3,003,422	$3,003,077	$517,535	$345
2018	$3,026,555	$3,015,530	$684,566	$11,025

Madison Energy Cooperative Association Inc