MCCONE ELECTRIC CO-OP INC

EIN: 810216629

Circle, MT

Total Revenue
$11,505,612
Total Expenses
$9,933,501
Total Assets
$42,278,132
Net Assets
$15,809,396
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
MT
Principal Officer
Steve Tilton
Phone
4064853430
Tax Period
2023-01-01 to 2023-12-31

MCCONE ELECTRIC CO-OP INC, founded in 1945, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2023. Expenses of $9.9M left a modest 14% surplus.

Mission

A non-profit, member-owned rural electric cooperative formed to distribute electric power to its members at the least possible cost consistent with sound business practices.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,135,724
Investment Income $42,719
Other Revenue $327,169
TOTAL REVENUE $11,505,612

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,982,713
Fundraising Expenses $0
Program Expenses $0
Other Expenses $6,950,788
TOTAL EXPENSES $9,933,501

Year-over-Year Comparison

2023 2022 Change
Revenue $11,505,612 $10,684,203 +0.1%
Expenses $9,933,501 $9,668,131 +0.0%
Net Income $1,572,111 $1,016,072 +0.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
23
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
7
$469,771
Total Directors
9
$224,092
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Tilton General Manager 45
Officer
$149,571 $36,652 $186,223
Theresa Haynie Manager of Finance & Administration 42
Officer
$100,934 $66,499 $167,433
Nathan Tuttle Line Foreman 42
Highest
$100,433 $11,222 $111,655
Carla Delp President/Treasurer 6
Officer Director
$30,521 $0 $30,521
Brent McRae Director 3
Director
$30,146 $0 $30,146
Conrad Moline Director/President 3
Officer Director
$30,071 $0 $30,071
Brett Beery Director 3
Director
$29,546 $0 $29,546
R Kurt Voss Director 5
Director
$26,501 $0 $26,501
Brent Kluth Vice President 7
Officer Director
$22,159 $0 $22,159
Ken Ehli Director 7
Director
$21,784 $0 $21,784
Ruth Hinnaland Secretary 12
Officer Director
$21,559 $0 $21,559
Patti Murphy Treasurer/Director 5
Officer Director
$11,805 $0 $11,805
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 $11,505,612 $9,933,501 $42,278,132 $1,572,111
2022 $10,684,203 $9,668,131 $39,516,727 $1,016,072
2021 $10,690,087 $9,268,876 $37,856,748 $1,421,211
2020 $10,003,139 $9,003,569 $34,731,713 $999,570
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