MCLEAN ELECTRIC COOPERATIVE INC (EIN 450216719) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

MARK DOYLE

Phone

7014632291

Tax Period

2024-01-01 to 2024-12-31

MCLEAN ELECTRIC COOPERATIVE INC, founded in 1945, is a mid-sized nonprofit that reported $21.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

IT SHALL BE THE AIM OF THE MCLEAN ELECTRIC COOPERATIVE, INC. TO MAKE ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,182,103

Investment Income $26,009

Other Revenue $1,176,399

TOTAL REVENUE $21,384,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,378,817

Fundraising Expenses $0

Other Expenses $18,340,139

TOTAL EXPENSES $21,384,511

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,384,511	$17,551,685	+0.2%
Expenses	$21,384,511	$17,551,685	+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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$569,160

Total Directors

$53,240

Key Employees

$433,255

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY GESSELE	PRESIDENT	4.42	Officer Director	$10,940	$0	$10,940
DARCY KLAIN	VICE PRESIDENT	6.49	Officer Director	$8,900	$0	$8,900
ROD STOCKDILL	SECRETARY / TREASURER	4.19	Officer Director	$8,450	$0	$8,450
CLARENCE BEHLES	ASSISTANT SECRETARY / TREASURER	2.50	Officer Director	$6,050	$0	$6,050
KAREN HANSON	DIRECTOR	5.12	Director	$6,950	$0	$6,950
JAMES ODERMANN	DIRECTOR	4.21	Director	$6,650	$0	$6,650
TROY PRESSER	DIRECTOR	2.88	Director	$5,300	$0	$5,300
WENDY KINN	BUSINESS MANAGER	40.00	Officer	$132,919	$61,948	$194,867
MARK DOYLE	CEO / GENERAL MANAGER	40.00	Officer	$271,858	$68,095	$339,953
KEITH THELEN	OPERATIONS MANAGER	40.00	Key Emp	$177,069	$42,429	$219,498
LUCAS SCHAAF	ENGINEERING MANAGER	40.00	Key Emp	$177,789	$35,968	$213,757
TRAVIS VOTH	LINE FOREMAN	40.00	Highest	$122,162	$68,802	$190,964
JESSE CARTER	LINEMAN	40.00	Highest	$117,133	$51,259	$168,392
NATHAN RUUD	LINE FOREMAN	40.00	Highest	$123,715	$74,543	$198,258
LUCAS DUSEK	LINEMAN	40.00	Highest	$120,925	$52,902	$173,827
LOREN DESJARDINS	LINEMAN	40.00	Highest	$122,263	$66,167	$188,430

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	$21,384,511	$21,384,511	$61,329,917	No data
2023	$17,551,685	$17,551,685	$58,621,564	No data
2022	$16,700,142	$16,700,142	$54,174,137	No data
2021	$16,168,310	$16,168,310	$49,036,124	No data
2020	$15,767,647	$15,767,647	$49,043,812	No data
2019	$15,817,093	$15,817,093	$48,100,317	No data
2018	$16,435,112	$16,435,112	$45,444,340	No data

MCLEAN ELECTRIC COOPERATIVE INC