Monroe County Electric Cooperative… - 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

1938

Legal Domicile

Principal Officer

Alan Wattles

Tax Period

2023-01-01 to 2023-12-31

Monroe County Electric Cooperative Inc, founded in 1938, is a mid-sized nonprofit that reported $18.9M in total revenue in fiscal year 2023.

Mission

As a member owned organization, Monroe County Electric Cooperatives mission is to provide and maintain quality electric and related services for the benefit and well-being of its members.

Program Service Accomplishments

Program 1

Monroe County Electric Cooperative, Inc. is a member-owned electric cooperative. Using approximaately 1,200 miles of distribution and transmission electric line, Monroe County Electric Cooperative...

Monroe County Electric Cooperative, Inc. is a member-owned electric cooperative. Using approximaately 1,200 miles of distribution and transmission electric line, Monroe County Electric Cooperative, Inc. serves more than 7,500 local farms, homes and businesses located in Illinois with dependable electric power.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,862,300

Investment Income $-64,457

Other Revenue $74,940

TOTAL REVENUE $18,872,783

Expense Breakdown

Grants Paid $17,338

Salaries & Benefits $1,468,876

Fundraising Expenses $0

Other Expenses $16,326,253

TOTAL EXPENSES $18,872,783

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,872,783	$18,269,028	+0.0%
Expenses	$18,872,783	$18,269,028	+0.0%
Net Income	$0	N/A	N/A

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

Employees

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

$495,315

Total Directors

$46,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Wattles	President & CEO	43.00	Officer	$215,292	$127,646	$342,938
Christopher Scott	Operations Supervisor	42.00	Highest	$152,020	$58,841	$210,861
Ronald Rusteberg	Foreman	45.00	Highest	$137,007	$69,951	$206,958
Robert Gross	Foreman	44.00	Highest	$132,671	$50,745	$183,416
Christopher Deterding	Foreman	44.00	Highest	$127,331	$47,741	$175,072
Tracy Patton	CFO	40.00	Officer	$106,400	$45,977	$152,377
Andrew Gotto	Journeyman	45.00	Highest	$128,560	$21,654	$150,214
Larry Kraft	Director	4.08	Director	$8,250	$0	$8,250
George Obernagel	Director	3.57	Director	$6,750	$0	$6,750
Richard Neff	Director	3.40	Director	$5,250	$0	$5,250
Amy Hoffman-Rohlfing	Diarector	3.30	Director	$5,200	$0	$5,200
Greg Gregson	Director	1.73	Director	$4,900	$0	$4,900
Quent Stenzel	Director	2.01	Director	$4,800	$0	$4,800
Jeff Hoffmann	Director	1.01	Director	$4,300	$0	$4,300
Rich Hollis	Director	0.81	Director	$3,950	$0	$3,950
Joel Harres	Director	0.67	Director	$3,350	$0	$3,350

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
2024	No data	No data	No data	No data
2023	$18,872,783	$18,872,783	$52,959,364	No data
2022	$18,269,028	$18,269,028	$51,924,602	No data
2021	$17,977,778	$17,977,778	$48,641,421	No data
2020	$17,665,583	$17,665,583	$46,857,499	No data
2019	$18,224,104	$18,224,104	$45,420,527	No data
2018	$18,228,351	$18,228,351	$43,579,030	No data

Monroe County Electric Cooperative Inc