Mckenzie Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Mckenzie Electric Cooperative Inc is a 501(c)(12) organization based in Watford City, North Dakota, registered in 1961, with $441,740,325 in FY2023 revenue. CharityIndex grades it A.
Po Box 649, Watford City, ND, 58854 EIN 45-0217439 Since 1961
Revenue (FY2023)
$441.7M
▲ 10.1% vs prior year
Expenses (FY2023)
$441.7M
Net assets
$418.8M
Employees
77
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Mckenzie 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 rating11 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 Mckenzie Electric Cooperative Inc: 11 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Mckenzie Electric Cooperative Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Mckenzie Electric Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The tax-exempt purpose of the organization is to deliver electricity to its members.
Contact & location
- Address
- Po Box 649, Watford City, ND, 58854
- City
- Watford City
- State
- North Dakota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $90.6M (FY2013) to $441.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $161.4MNet assets $418.8M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$580.2M
Total liabilities
$161.4M
Net assets
$418.8M
Salaries & benefits
$8.6M
2% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $441,740,325▲10.1% | $441,740,325▲10.1% | $418,756,371▲10.7% | $580,205,485▲11.5% | 990 |
| 2022 | $401,082,882▲7.8% | $401,082,882▲7.8% | $378,290,670▲15.1% | $520,136,868▲23.2% | 990 |
| 2021 | $371,972,199▲7.0% | $371,972,199▲7.0% | $328,699,945▲10.2% | $422,129,232▲5.8% | 990 |
| 2020 | $347,685,156▲3.5% | $347,685,156▲3.5% | $298,237,908▲8.7% | $399,130,163▲1.4% | 990 |
| 2019 | $335,917,669▲8.6% | $335,917,669▲8.6% | $274,346,195▲10.6% | $393,514,370▲11.1% | 990 |
| 2018 | $309,175,400▲20.0% | $309,175,400▲20.0% | $247,982,570▲22.8% | $354,105,277▲12.6% | 990 |
| 2017 | $257,714,614▲8.8% | $257,714,614▲8.8% | $201,876,350▲14.7% | $314,568,419▼0.5% | 990 |
| 2016 | $236,814,718▲35.2% | $236,814,718▲35.3% | $175,993,865▲21.5% | $316,287,709▼5.6% | 990 |
| 2015 | $175,203,434▲35.1% | $174,975,079▲35.1% | $144,834,847▲25.4% | $334,935,220▲3.5% | 990 |
| 2014 | $129,654,416▲43.0% | $129,474,556▲43.1% | $115,524,742▲27.4% | $323,700,983▲102% | 990 |
| 2013 | $90,641,960 | $90,498,421▲35.4% | $90,661,458▲19.5% | $160,231,315▲31.1% | 990 |
| 2012 | — | $66,828,149▲70.3% | $75,861,626▲19.6% | $122,184,906▲29.3% | 990 |
| 2011 | — | $39,231,478▲62.6% | $63,425,802▲13.4% | $94,508,010▲36.9% | 990 |
| 2010 | — | $24,134,989 | $55,950,287 | $69,040,553 | 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: Matt Hanson — $256,647 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matt Hanson | Ceo | 57.5 | $256,647 |
| Karl Aaker | Director of Engineering Se | 42 | $168,119 |
| Jamie Cross | Business Manager | 47.5 | $166,654 |
| Zane Frick | Director of Operations | 46.75 | $162,371 |
| James Hansen | Construction Manager | 41.7 | $141,842 |
| Ryan Zastoupil | Journeyman Lineman | 47.7 | $140,683 |
| James Williams | Journeyman Lineman | 49.5 | $140,236 |
| Chris Link | Director | 9.6 | $45,925 |
| Travis Thompson | Director-at-large | 7.9 | $34,959 |
| Ray Tescher | Vice President | 6.8 | $34,884 |
| Cameron Wahlstrom | Director | 6.3 | $31,919 |
| Ken Sanford | Director | 5.9 | $28,309 |
| Richard Jore | Director | 3.9 | $26,369 |
| Clayton Monsen | President | 6.7 | $25,527 |
| Tim Wasem | Secretary/treasurer | 4.2 | $25,459 |
| Stephen Kershisnik | Director | 4.9 | $25,327 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Badlands Electric Inc | Line Construction | $8,483,401 |
| Stoel Rives LLP | Legal Services | $7,888,308 |
| Highmark Erectors Inc | Electrical Contractor | $3,992,073 |
| 4t Construction Inc | Line Construction | $3,475,005 |
| Mountain Plains LLC | Civil Engineering | $2,988,372 |
Frequently asked questions
- Is Mckenzie Electric Cooperative Inc a legitimate nonprofit?
- Yes. Mckenzie Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 45-0217439, based in Watford City, North Dakota.
- What is Mckenzie Electric Cooperative Inc's EIN?
- Mckenzie Electric Cooperative Inc's Employer Identification Number (EIN) is 45-0217439.
- How much revenue does Mckenzie Electric Cooperative Inc report?
- Mckenzie Electric Cooperative Inc reported $441,740,325 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mckenzie Electric Cooperative Inc have?
- CharityIndex grades Mckenzie Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Mckenzie Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Mckenzie Electric Cooperative Inc's latest Form 990 is $256,647, paid to Matt Hanson (Ceo).
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Data for Mckenzie Electric Cooperative Inc (EIN 45-0217439) 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.