Mccone Electric Co-op Inc
501(c)(12)
Only null% goes to programs Strong reserves
Mccone Electric Co-op Inc is a 501(c)(12) organization based in Circle, Montana, registered in 1965, with $11,547,206 in FY2024 revenue. CharityIndex grades it B.
Po Box 368, Circle, MT, 59215 EIN 81-0216629 Since 1965
Revenue (FY2024)
$11.5M
▲ 0.4% vs prior year
Expenses (FY2024)
$10.9M
Net assets
$16.4M
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 Mccone Electric Co-op 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 rating18 mo reserves · +5% 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 Mccone Electric Co-op Inc: 18 mo reserves · +5% 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 Mccone Electric Co-op 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 Mccone Electric Co-op 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 $10.0M (FY2020) to $11.5M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $28.1MNet assets $16.4M
Operating margin
5.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$44.6M
Total liabilities
$28.1M
Net assets
$16.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $11,547,206▲0.4% | $10,920,940▲9.9% | $16,435,662▲4.0% | $44,555,020▲5.4% | 990 |
| 2023 | $11,505,612▲7.7% | $9,933,501▲2.7% | $15,809,396▲6.8% | $42,278,132▲7.0% | 990 |
| 2022 | $10,684,203▼0.1% | $9,668,131▲4.3% | $14,800,598▲4.5% | $39,516,727▲4.4% | 990 |
| 2021 | $10,690,087▲6.9% | $9,268,876▲2.9% | $14,162,499▲8.1% | $37,856,748▲9.0% | 990 |
| 2020 | $10,003,139 | $9,003,569 | $13,099,379 | $34,731,713 | 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 Mccone Electric Co-op Inc a legitimate nonprofit?
- Yes. Mccone Electric Co-op Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 81-0216629, based in Circle, Montana.
- What is Mccone Electric Co-op Inc's EIN?
- Mccone Electric Co-op Inc's Employer Identification Number (EIN) is 81-0216629.
- How much revenue does Mccone Electric Co-op Inc report?
- Mccone Electric Co-op Inc reported $11,547,206 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mccone Electric Co-op Inc have?
- CharityIndex grades Mccone Electric Co-op Inc B, based on financial health (reserves and operating margin).
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Data for Mccone Electric Co-op Inc (EIN 81-0216629) 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.