Itasca Mantrap Co-op Electrical Assn
501(c)(12)
Only null% goes to programs Strong reserves
Itasca Mantrap Co-op Electrical Assn is a 501(c)(12) organization based in Park Rapids, Minnesota, registered in 1942, with $32,595,678 in FY2024 revenue. CharityIndex grades it B.
Po Box 192, Park Rapids, MN, 56470 EIN 41-0330817 Since 1942
Revenue (FY2024)
$32.6M
▲ 3.5% vs prior year
Expenses (FY2024)
$32.6M
Net assets
$36.1M
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 Itasca Mantrap Co-op Electrical Assn— 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 rating13 mo reserves · +0% 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 Itasca Mantrap Co-op Electrical Assn: 13 mo reserves · +0% 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 Itasca Mantrap Co-op Electrical Assn— 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 Itasca Mantrap Co-op Electrical Assn: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 192, Park Rapids, MN, 56470
- City
- Park Rapids
- State
- Minnesota
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $24.4M (FY2013) to $32.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $39.5MNet assets $36.1M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$75.6M
Total liabilities
$39.5M
Net assets
$36.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,595,678▲3.5% | $32,595,678▲3.5% | $36,115,011▲0.5% | $75,612,519▲2.9% | 990 |
| 2023 | $31,499,670▲1.9% | $31,499,670▲1.9% | $35,943,249▲2.1% | $73,502,047▲1.8% | 990 |
| 2022 | $30,902,494▲6.7% | $30,902,493▲6.7% | $35,189,097▲1.4% | $72,198,735▲6.9% | 990 |
| 2021 | $28,952,605▲16.3% | $28,952,603▲16.3% | $34,686,991▲2.6% | $67,529,595▲3.6% | 990 |
| 2020 | $24,896,448▼0.8% | $24,896,837▼0.8% | $33,821,049▲1.6% | $65,169,485▲0.6% | 990 |
| 2019 | $25,088,857▲4.2% | $25,085,075▲4.2% | $33,298,565▲3.0% | $64,752,786▲1.5% | 990 |
| 2018 | $24,079,756▼5.2% | $24,079,756▼5.2% | $32,324,266▲0.1% | $63,813,941▲3.9% | 990 |
| 2017 | $25,392,816▲1.9% | $25,392,817▲2.0% | $32,279,317▲4.6% | $61,419,822▲2.6% | 990 |
| 2016 | $24,924,305▲2.8% | $24,897,350▲2.5% | $30,847,591▲2.9% | $59,872,989▲2.2% | 990 |
| 2015 | $24,253,861▼1.6% | $24,300,470▼1.4% | $29,977,106▲4.6% | $58,562,662▼0.4% | 990 |
| 2014 | $24,643,756▲1.0% | $24,644,657▲1.0% | $28,657,417▲6.4% | $58,817,397▲0.7% | 990 |
| 2013 | $24,394,143 | $24,395,179▲15.3% | $26,936,753▲10.7% | $58,420,949▲9.1% | 990 |
| 2012 | — | $21,165,144▲2.6% | $24,333,172▲3.6% | $53,567,884▲2.1% | 990 |
| 2011 | — | $20,628,473▲14.8% | $23,491,517▲8.0% | $52,479,369▲4.0% | 990 |
| 2010 | — | $17,973,745 | $21,742,419 | $50,439,510 | 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 Itasca Mantrap Co-op Electrical Assn a legitimate nonprofit?
- Yes. Itasca Mantrap Co-op Electrical Assn is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 41-0330817, based in Park Rapids, Minnesota.
- What is Itasca Mantrap Co-op Electrical Assn's EIN?
- Itasca Mantrap Co-op Electrical Assn's Employer Identification Number (EIN) is 41-0330817.
- How much revenue does Itasca Mantrap Co-op Electrical Assn report?
- Itasca Mantrap Co-op Electrical Assn reported $32,595,678 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Itasca Mantrap Co-op Electrical Assn have?
- CharityIndex grades Itasca Mantrap Co-op Electrical Assn B, based on financial health (reserves and operating margin).
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Data for Itasca Mantrap Co-op Electrical Assn (EIN 41-0330817) 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.