Clearwater-polk Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves
Clearwater-polk Electric Cooperative Inc is a 501(c)(12) organization based in Bagley, Minnesota, registered in 1954, with $10,256,913 in FY2024 revenue. CharityIndex grades it B.
Po Box O, Bagley, MN, 56621 EIN 41-0654789 Since 1954
Revenue (FY2024)
$10.3M
▼ 1.2% vs prior year
Expenses (FY2024)
$10.2M
Net assets
$12.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Clearwater-polk Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating15 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Clearwater-polk Electric Cooperative Inc: 15 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Clearwater-polk Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Clearwater-polk Electric Cooperative Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $8.9M (FY2013) to $10.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $10.6MNet assets $12.8M
Operating margin
0.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$23.4M
Total liabilities
$10.6M
Net assets
$12.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,256,913▼1.2% | $10,185,531▲0.1% | $12,823,739▲0.4% | $23,404,579▲2.3% | 990 |
| 2023 | $10,382,499▼1.3% | $10,175,331▼1.2% | $12,770,213▲2.8% | $22,875,491▲0.6% | 990 |
| 2022 | $10,516,706▲0.8% | $10,295,232▲2.9% | $12,423,137▲1.9% | $22,739,377▲1.4% | 990 |
| 2021 | $10,431,714▲5.2% | $10,004,368▲3.1% | $12,187,460▲3.2% | $22,414,595▲3.2% | 990 |
| 2020 | $9,916,145▼0.8% | $9,700,649▼2.5% | $11,812,937▲1.8% | $21,716,441▲0.6% | 990 |
| 2019 | $9,997,650▼1.9% | $9,945,353▼1.8% | $11,604,858▲1.5% | $21,595,600▲2.1% | 990 |
| 2018 | $10,190,971▲6.0% | $10,129,863▲6.0% | $11,435,793▲3.8% | $21,150,020▼0.1% | 990 |
| 2017 | $9,611,904▲5.6% | $9,559,380▲6.1% | $11,020,296▲2.3% | $21,160,706▲3.1% | 990 |
| 2016 | $9,098,362▼0.4% | $9,005,751▲1.2% | $10,773,939▲2.5% | $20,528,383▲1.5% | 990 |
| 2015 | $9,139,484 | $8,898,262▼5.3% | $10,508,624▲4.6% | $20,231,574▲6.3% | 990 |
| 2014 | $9,139,063▲2.2% | $9,392,248▲6.0% | $10,050,151▲1.4% | $19,029,876▼1.3% | 990 |
| 2013 | $8,945,500 | $8,859,552▲8.6% | $9,915,927▲5.4% | $19,287,138▲5.3% | 990 |
| 2012 | — | $8,159,894▼1.1% | $9,410,249▲5.1% | $18,320,341▼0.1% | 990 |
| 2011 | — | $8,249,925▲21.5% | $8,957,477▲3.0% | $18,336,734▲4.9% | 990 |
| 2010 | — | $6,788,494 | $8,698,408 | $17,478,353 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Clearwater-polk Electric Cooperative Inc a legitimate nonprofit?
- Yes. Clearwater-polk Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 41-0654789, based in Bagley, Minnesota.
- What is Clearwater-polk Electric Cooperative Inc's EIN?
- Clearwater-polk Electric Cooperative Inc's Employer Identification Number (EIN) is 41-0654789.
- How much revenue does Clearwater-polk Electric Cooperative Inc report?
- Clearwater-polk Electric Cooperative Inc reported $10,256,913 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Clearwater-polk Electric Cooperative Inc have?
- CharityIndex grades Clearwater-polk Electric Cooperative Inc B, based on financial health (reserves and operating margin).
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Data for Clearwater-polk Electric Cooperative Inc (EIN 41-0654789) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.