MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC (EIN 431827033) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

JOHN BEAR

Phone

3172495400

Tax Period

2023-01-01 to 2023-12-31

MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC, founded in 1998, is a major nonprofit in the Public & Societal Benefit sector that reported $548.6M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

MONITOR AND CONTROL ELECTRIC TRANSMISSION SYSTEM TO PROVIDE NON-DISCRIMINATORY OPEN-ACCESS TO ALL CUSTOMERS AND ENSURE SAFE, RELIABLE, AND EFFICIENT OPERATION FOR THE BENEFIT OF ALL CUSTOMERS.

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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 $119,528

Program Service Revenue $400,881,164

Investment Income $147,062,616

Other Revenue $540,559

TOTAL REVENUE $548,603,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,677,450

Fundraising Expenses $0

Program Expenses $473,351,632

Other Expenses $328,926,417

TOTAL EXPENSES $548,603,867

Year-over-Year Comparison

	2023	2022	Change
Revenue	$548,603,867	$460,845,431	+0.2%
Expenses	$548,603,867	$460,845,431	+0.2%
Net Income	$0	$0	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

1246

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

$15,626,815

Total Directors

$6,452,679

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BEAR	CEO	40.00	Officer Director	$4,705,329	$52,600	$4,757,929
TODD RABA	DIRECTOR	10.00	Director	$201,750	$0	$201,750
NANCY LANGE	DIRECTOR	10.00	Director	$191,750	$0	$191,750
THERESA WISE	DIRECTOR	10.00	Director	$189,750	$0	$189,750
HORACE DOGGETT	DIRECTOR	10.00	Director	$189,500	$0	$189,500
MARK JOHNSON	DIRECTOR	10.00	Director	$187,500	$0	$187,500
PHYLLIS CURRIE	DIRECTOR	10.00	Director	$187,500	$0	$187,500
ROBERT LURIE	DIRECTOR	10.00	Director	$185,500	$0	$185,500
BARBARA KRUMSIEK	DIRECTOR	10.00	Director	$183,500	$0	$183,500
JODY DAVIDS	DIRECTOR	10.00	Director	$178,000	$0	$178,000
CLAIR MOELLER	PRESIDENT	40.00	Officer	$1,791,948	$47,399	$1,839,347
MELISSA BROWN	SENIOR VP & CFO	40.00	Officer	$1,144,882	$44,242	$1,189,124
ANDRE PORTER	SVP & GENERAL COUNSEL	40.00	Officer	$1,063,647	$56,846	$1,120,493
JENNIFER CURRAN	SVP - PLAN & OP & CHIEF COMP. OFF.	40.00	Officer	$1,061,497	$34,908	$1,096,405
TODD RAMEY	SVP - MARKETS & DIGITAL STRATEGY	40.00	Officer	$992,390	$52,600	$1,044,990
RICHARD WAYNE SCHUG	VP - STRAT & BUS DVLPMNT	40.00	Officer	$686,744	$66,120	$752,864
TODD HILLMAN	SVP & CHIEF CUSTOMER OFFICER	40.00	Officer	$668,803	$13,818	$682,621
KERI GLITCH	VP & CHIEF INFO SECURITY (THRU 6/23)	40.00	Officer	$606,818	$21,816	$628,634
ALLEGRA NOTTAGE	VP - HR & CHIEF DIVERSITY OFFICER	40.00	Officer	$601,798	$40,872	$642,670
MELISSA SEYMOUR	VP - EXTERNAL AFFAIRS (THRU 8/23)	40.00	Officer	$581,051	$42,544	$623,595
RENUKA CHATTERJEE	VP - OPERATIONS	40.00	Officer	$579,639	$55,189	$634,828
AUBREY JOHNSON	VP - SYSTEM PLANNING	40.00	Officer	$568,247	$45,068	$613,315
TIMOTHY CAISTER	DEPUTY GENERAL COUNSEL	40.00	Highest	$570,292	$30,060	$600,352
KRISTINA TRIDICO	DEPUTY GENERAL COUNSEL	40.00	Highest	$565,216	$36,055	$601,271
BRIAN TULLOH	E.D. STRAT. COMMS. & POLICY COORD.	40.00	Highest	$541,499	$51,986	$593,485
ERIC STEPHENS	E.D. SECURITY & FACILITIES	40.00	Highest	$489,777	$34,618	$524,395
SCOTT WRIGHT	E.D. RESOURCE PLANNING	40.00	Highest	$482,464	$52,530	$534,994
RICHARD DOYING	FORMER OFFICER	0.00		$682,681	$0	$682,681

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	$548,603,867	$548,603,867	$2,918,427,543	No data
2022	$460,845,431	$460,845,431	$3,566,306,365	No data
2021	$407,489,988	$407,489,988	$2,446,006,704	No data
2020	$390,825,730	$390,825,730	$1,671,470,163	No data
2019	$408,166,395	$408,166,395	$1,544,213,050	No data
2018	$400,001,689	$400,001,689	$1,589,375,925	No data

MIDCONTINENT INDEPENDENT SYSTEM OPERATOR INC