Monroe County Electric Coop Inc
EIN: 370425335 · Waterloo, IL
| Metric | Value |
|---|---|
| Total Revenue | $20.0M |
| Total Expenses | $18.9M |
| Net Assets | $19.0M |
Is Monroe County Electric Coop Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Monroe County Electric Coop Inc
Monroe County Electric Coop Inc (EIN: 370425335) is a nonprofit organization based in Waterloo, IL. The organization reported total revenue of $20.0M and total assets of $54.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monroe County Electric Coop Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monroe County Electric Coop Inc is a large nonprofit that has been operating for 87 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.9M |
| Total Expenses | $18.9M |
| Surplus / Deficit | +$0 |
| Total Assets | $53.0M |
| Total Liabilities | $33.9M |
| Net Assets | $19.0M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 64.0% |
| Months of Reserves | 33.7 months |
Financial Health Grade: B
In 2023, Monroe County Electric Coop Inc reported a surplus of $0 with revenue exceeding expenses, holds 33.7 months of operating reserves (strong position), has a debt-to-asset ratio of 64.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Monroe County Electric Coop Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +3.3% | +2.0% |
| 2022 | +1.6% | +1.6% | +6.7% |
| 2021 | +1.8% | +1.8% | +3.8% |
| 2020 | -3.1% | -3.1% | +3.2% |
| 2019 | +-0.0% | +-0.0% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1939 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Monroe County Electric Coop Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Monroe County Electric Coop Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.0%.
Frequently Asked Questions about Monroe County Electric Coop Inc
Is Monroe County Electric Coop Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Monroe County Electric Coop Inc (EIN: 370425335) insufficient data. 0 red flags identified, 0 strengths noted.
How does Monroe County Electric Coop Inc spend its money?
Detailed spending breakdown data is not yet available for Monroe County Electric Coop Inc. Check back for updated IRS 990 analysis.
Are donations to Monroe County Electric Coop Inc tax-deductible?
Monroe County Electric Coop Inc is registered as a tax-exempt nonprofit (EIN: 370425335). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Monroe County Electric Coop Inc located?
Monroe County Electric Coop Inc is headquartered in Waterloo, Illinois and files with the IRS under EIN 370425335.
How many years of IRS 990 filings does Monroe County Electric Coop Inc have?
Monroe County Electric Coop Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20.0M in total revenue.
Filing History
IRS 990 filing history for Monroe County Electric Coop Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monroe County Electric Coop Inc's revenue has grown by 36.6%, moving from $13.8M to $18.9M. Total assets increased by 48.8% over the same period, from $35.6M to $53.0M. Total functional expenses rose by 36.6%, from $13.8M to $18.9M. In its most recent filing year (2023), Monroe County Electric Coop Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $33.9M in liabilities against $53.0M in assets (debt-to-asset ratio: 64.0%), resulting in net assets of $19.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.9M | $18.9M | $53.0M | $33.9M | — | — |
| 2022 | $18.3M | $18.3M | $51.9M | $33.7M | — | — |
| 2021 | $18.0M | $18.0M | $48.6M | $31.4M | — | View 990 |
| 2020 | $17.7M | $17.7M | $46.9M | $31.1M | — | — |
| 2019 | $18.2M | $18.2M | $45.4M | $30.9M | — | — |
| 2018 | $18.2M | $18.2M | $43.6M | $29.8M | — | View 990 |
| 2017 | $17.2M | $17.0M | $42.6M | $29.8M | — | View 990 |
| 2016 | $16.9M | $16.4M | $41.9M | $30.1M | — | View 990 |
| 2015 | $16.4M | $16.3M | $41.1M | $29.9M | — | View 990 |
| 2014 | $15.8M | $15.8M | $40.1M | $29.1M | — | View 990 |
| 2013 | $15.3M | $14.5M | $39.3M | $28.8M | — | View 990 |
| 2012 | $14.3M | $14.7M | $37.0M | $27.3M | — | View 990 |
| 2011 | $13.8M | $13.8M | $35.6M | $24.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.9M, expenses of $18.9M, and assets of $53.0M (revenue +3.3% year-over-year).
- 2022: Revenue of $18.3M, expenses of $18.3M, and assets of $51.9M (revenue +1.6% year-over-year).
- 2021: Revenue of $18.0M, expenses of $18.0M, and assets of $48.6M (revenue +1.8% year-over-year).
- 2020: Revenue of $17.7M, expenses of $17.7M, and assets of $46.9M (revenue -3.1% year-over-year).
- 2019: Revenue of $18.2M, expenses of $18.2M, and assets of $45.4M (revenue +-0.0% year-over-year).
- 2018: Revenue of $18.2M, expenses of $18.2M, and assets of $43.6M (revenue +6.1% year-over-year).
- 2017: Revenue of $17.2M, expenses of $17.0M, and assets of $42.6M (revenue +1.6% year-over-year).
- 2016: Revenue of $16.9M, expenses of $16.4M, and assets of $41.9M (revenue +2.8% year-over-year).
- 2015: Revenue of $16.4M, expenses of $16.3M, and assets of $41.1M (revenue +4.2% year-over-year).
- 2014: Revenue of $15.8M, expenses of $15.8M, and assets of $40.1M (revenue +2.9% year-over-year).
- 2013: Revenue of $15.3M, expenses of $14.5M, and assets of $39.3M (revenue +7.5% year-over-year).
- 2012: Revenue of $14.3M, expenses of $14.7M, and assets of $37.0M (revenue +3.3% year-over-year).
- 2011: Revenue of $13.8M, expenses of $13.8M, and assets of $35.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monroe County Electric Coop Inc:
Data Sources and Methodology
This transparency report for Monroe County Electric Coop Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.