Monroe County Electric Coop Inc

Organization Overview

Monroe County Electric Coop Inc is located in Waterloo, IL. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Monroe County Electric Coop Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe County Electric Coop Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Monroe County Electric Coop Inc generated $18.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $18.0m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AS A MEMBER OWNED ORGANIZATION, MONROE COUNTY ELECTRIC COOPERATIVE'S MISSION IS TO PROVIDE AND MAINTAIN QUALITY ELECTRIC AND RELATED SERVICES FOR THE BENEFIT AND WELL-BEING OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 7,400 LOCAL FARMS, HOMES AND BUSINESSES LOCATED IN ILLINOIS WITH DEPENDABLE ELECTRIC POWER.


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Board, Officers & Key Employees

Name (title)Compensation
Alan Wattles
President &
$199,303
Christopher Scott
Operations S
$140,067
Ronald Rusteberg
Foreman
$118,140
Robert Gross
Foreman
$114,732
Alisa Wood Office Manager
Office Manag
$111,934
Allan Masterson
Dir - Mbr Se
$110,632

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Federated Rural Electric Insurance
Insurance
$184,985
United Utility Supply
Materials
$302,169
Ditch Witch Sales
Trencher
$181,020
Assn Of Il Elec Coops
Ancillary Services
$176,825
Nreca
Employee Benefits
$793,310
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $660,898
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$660,898
Total Program Service Revenue$17,258,617
Investment income $15,681
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $60,593
Net Gain/Loss on Asset Sales $3,756
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,977,778

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