Laclede Electric Cooperative
501(c)(12)
100% goes to programs Strong reserves
Laclede Electric Cooperative is a 501(c)(12) organization based in Lebanon, Missouri, registered in 1940, with $74,741,807 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
Po Box M, Lebanon, MO, 65536 EIN 44-0319785 Since 1940
Revenue (FY2023)
$74.7M
▼ 2.4% vs prior year
Expenses (FY2023)
$74.7M
Net assets
$101.0M
Employees
135
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
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. For Laclede Electric Cooperative: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 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 Laclede Electric Cooperative: 16 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
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. For Laclede Electric Cooperative: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Laclede Electric Cooperative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide electricity service to rural members on a non-profit cooperative basis.
Contact & location
Financial trends
Revenue grew from $66.6M (FY2013) to $74.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $129.2MNet assets $101.0M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$230.2M
Total liabilities
$129.2M
Net assets
$101.0M
Salaries & benefits
$748K
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $74,741,807▼2.4% | $74,741,807▼2.4% | $100,971,807▼1.1% | $230,177,778▲5.3% | 990 |
| 2022 | $76,618,594▲5.9% | $76,618,594▲5.9% | $102,142,442▲5.2% | $218,562,681▲5.0% | 990 |
| 2021 | $72,341,204▲0.6% | $72,341,204▲0.6% | $97,091,185▲3.6% | $208,167,243▲1.7% | 990 |
| 2020 | $71,888,232▼6.2% | $71,888,232▼6.2% | $93,755,116▲3.6% | $204,709,427▲1.8% | 990 |
| 2019 | $76,618,742▲3.2% | $76,618,742▲3.2% | $90,537,782▲6.4% | $201,035,735▲2.1% | 990 |
| 2018 | $74,266,261▲15.2% | $74,266,261▲15.2% | $85,091,480▲6.7% | $196,863,281▲1.5% | 990 |
| 2017 | $64,466,264▼2.3% | $64,466,264▼2.3% | $79,760,227▼0.4% | $193,968,948▼0.6% | 990 |
| 2016 | $65,991,893▲1.0% | $65,991,893▲1.0% | $80,079,426▲1.8% | $195,096,071▲2.1% | 990 |
| 2015 | $65,339,644▼5.1% | $65,339,644▼5.1% | $78,678,236▲2.1% | $191,102,109▲0.3% | 990 |
| 2014 | $68,873,895▲3.5% | $68,873,895▲3.5% | $77,035,871▲8.2% | $190,593,583▲1.7% | 990 |
| 2013 | $66,550,071 | $66,550,071▲7.7% | $71,188,682▲5.3% | $187,467,166▲6.9% | 990 |
| 2012 | — | $61,804,464 | $67,573,523 | $175,341,927 | 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.
Leadership & compensation (FY2023)
Highest-paid: Terry D Rosenthal — $218,708 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Terry D Rosenthal | Ceo/general Manager | 42.14 | $218,708 |
| Joe Knapp | Chief Financial Officer | 41.54 | $147,767 |
| David Archer | Manager of Operations | 41.1 | $143,621 |
| Tyler Hunt | Service Lineman | 43.54 | $142,216 |
| Brian O'dell | Line Superintendent | 41.31 | $136,737 |
| Byron Dudley | Manager of Comm & Member S | 40.92 | $136,443 |
| Bryan Bushley | Crew Foreman | 41.57 | $133,534 |
| Marc C Roecker | Ceo/general Manager | 18 | $127,487 |
| Kenneth D Bishop | Vice President | 8.31 | $32,681 |
| Jeannie Robbins | Director | 7.79 | $30,862 |
| W Melvin Hoffman | Treasurer | 4.94 | $30,581 |
| Joel Cravens | President | 9.31 | $24,226 |
| Jack W Harris Jr | Director | 8.19 | $22,451 |
| Carl Lowrance | Director | 10.11 | $19,815 |
| Brenda Nutter | Secretary | 6.23 | $18,358 |
| Randall Little | Director | 12.48 | $15,596 |
| Michael Rouse | Director | 9.13 | $14,996 |
| Craig Evans | Director | 4.24 | $6,186 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Asplundh Tree Expert Company | Right of Way Clearing | $3,567,423 |
| Consolidated Oil Field Services Inc | Electric Line Construction Work | $1,292,872 |
| National Information Solutions | Provide Software Support,print and Mailr | $721,209 |
| Ce Meyer LLC | Excavation and Line Repair | $469,390 |
| True Construction Inc | Headquarters Remodel Project | $274,655 |
Frequently asked questions
- Is Laclede Electric Cooperative a legitimate nonprofit?
- Yes. Laclede Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 44-0319785, based in Lebanon, Missouri.
- What is Laclede Electric Cooperative's EIN?
- Laclede Electric Cooperative's Employer Identification Number (EIN) is 44-0319785.
- How much revenue does Laclede Electric Cooperative report?
- Laclede Electric Cooperative reported $74,741,807 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Laclede Electric Cooperative's spending goes to programs?
- Laclede Electric Cooperative spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Laclede Electric Cooperative have?
- CharityIndex grades Laclede Electric Cooperative A, based on program efficiency and fundraising cost.
- How much does Laclede Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Laclede Electric Cooperative's latest Form 990 is $218,708, paid to Terry D Rosenthal (Ceo/general Manager).
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Data for Laclede Electric Cooperative (EIN 44-0319785) 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.