Midcontinent Independent System Operator Inc
85% goes to programs $0 to raise $100 Thin reserves Growing revenue
Midcontinent Independent System Operator Inc is a 501(c)(4) organization based in Carmel, Indiana, registered in 2001, with $616,078,935 in FY2024 revenue. CharityIndex grades it B, and it directs about 85% of spending to programs.
720 City Center Dr, Carmel, IN, 46032 EIN 43-1827033 Since 2001
Revenue (FY2024)
$616.1M
▲ 12.3% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$616.1M
Net assets
$0
Employees
1,271
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating85% to programs · $0 to raise $100
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 Midcontinent Independent System Operator Inc: 85% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 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 Midcontinent Independent System Operator Inc: 0 mo reserves · +0% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Midcontinent Independent System Operator Inc: 6 of 6 checks met earns a A+ 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 Midcontinent Independent System Operator Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Monitor and control electric transmission system to provide non-discriminatory open-access to all customers and ensure safe, reliable, and efficient operation for the benefit of all customers.
Contact & location
- Address
- 720 City Center Dr, Carmel, IN, 46032
- City
- Carmel
- State
- Indiana
- Category
- Public & Societal Benefit
- Subcategory
- Public Utilities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $308.7M (FY2013) to $616.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.4BNet assets $0
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.4B
Total liabilities
$3.4B
Net assets
$0
Salaries & benefits
$244.9M
40% of expenses
Board members
10
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $616,078,935▲12.3% | $616,078,935▲12.3% | $0 | $3,354,403,000▲14.9% | 990 |
| 2023 | $548,603,867▲19.0% | $548,603,867▲19.0% | $0 | $2,918,427,543▼18.2% | 990 |
| 2022 | $460,845,431▲13.1% | $460,845,431▲13.1% | $0 | $3,566,306,365▲45.8% | 990 |
| 2021 | $407,489,988▲4.3% | $407,489,988▲4.3% | $0 | $2,446,006,704▲46.3% | 990 |
| 2020 | $390,825,730▼4.2% | $390,825,730▼4.2% | $0 | $1,671,470,163▲8.2% | 990 |
| 2019 | $408,166,395▲2.0% | $408,166,395▲2.0% | $0 | $1,544,213,050▼2.8% | 990 |
| 2018 | $400,001,689▲9.7% | $400,001,689▲9.7% | $0 | $1,589,375,925▲15.0% | 990 |
| 2017 | $364,712,007▲7.0% | $364,712,007▲7.0% | $0 | $1,382,273,613▲28.4% | 990 |
| 2016 | $340,723,419▲1.6% | $340,723,419▲1.6% | $0 | $1,076,944,285▲12.6% | 990 |
| 2015 | $335,261,589▲7.2% | $335,261,589▲7.4% | $0 | $956,430,705▼7.6% | 990 |
| 2014 | $312,698,066▲1.3% | $312,048,924▲1.1% | $0 | $1,035,629,330▲13.6% | 990 |
| 2013 | $308,680,293 | $308,680,293▲3.3% | $0 | $912,014,925▲35.3% | 990 |
| 2012 | — | $298,900,715▼7.5% | $0 | $674,233,858▼15.9% | 990 |
| 2011 | — | $323,018,626▲0.8% | $0 | $801,357,333▼0.8% | 990 |
| 2010 | — | $320,554,084 | $0 | $807,880,110 | 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 (FY2024)
Highest-paid: John Bear — $3,734,846 (0.61% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| John Bear | Ceo | 40 | $3,734,846 |
| Clair Moeller | President & Coo (thru 12/24) | 40 | $1,852,895 |
| Melissa Brown | Senior Vp & Cfo | 40 | $1,243,450 |
| Jennifer Curran | Svp - Plan & Op & Chief Comp. Off. | 40 | $1,195,658 |
| Andre Porter | Svp & General Counsel | 40 | $1,127,288 |
| Richard Doying | Former Officer | 0 | $1,126,878 |
| Todd Ramey | Svp - Markets & Digital Strategy | 40 | $1,121,901 |
| Allegra Nottage | Svp - Hr & Chief Diversity Officer | 40 | $733,638 |
| Eric Miller | Vp & Chief Info Security | 40 | $651,843 |
| Richard Wayne Schug | Vp - Strat & Bus Dvlpmnt (thru 3/24) | 40 | $647,287 |
| Todd Hillman | Svp & Chief Customer Officer | 40 | $636,706 |
| Aubrey Johnson | Vp - System Planning | 40 | $635,404 |
| Renuka Chatterjee | Vp - Operations | 40 | $608,897 |
| Timothy Caister | Vp - Legal Fed Regulatory Affairs | 40 | $595,137 |
| Kristina Tridico | Deputy General Counsel | 40 | $578,487 |
| Brian Tulloh | E.d. Strat. Comms. & Policy Coord. | 40 | $569,133 |
| Daryl Brown | E.d. Ext Affairs South | 40 | $511,100 |
| Eric Stephens | E.d. Security & Facilities | 40 | $497,494 |
| Scott Wright | E.d. Resource Planning | 40 | $492,452 |
| Nirav Shah | Vp - Chief Digital & Info (beg 5/24) | 40 | $433,103 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ge Energy Management Services LLC | Software Services | $15,861,753 |
| Monument Consulting LLC | Professional Services | $11,098,341 |
| Potomac Economics | Independent Market Monitor | $9,785,757 |
| Technology Site Planners Inc | Property Management | $4,798,048 |
| Utilicast | Professional Services | $3,932,311 |
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Frequently asked questions
- Is Midcontinent Independent System Operator Inc a legitimate nonprofit?
- Yes. Midcontinent Independent System Operator Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 43-1827033, based in Carmel, Indiana.
- What is Midcontinent Independent System Operator Inc's EIN?
- Midcontinent Independent System Operator Inc's Employer Identification Number (EIN) is 43-1827033.
- How much revenue does Midcontinent Independent System Operator Inc report?
- Midcontinent Independent System Operator Inc reported $616,078,935 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Midcontinent Independent System Operator Inc's spending goes to programs?
- Midcontinent Independent System Operator Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Midcontinent Independent System Operator Inc have?
- CharityIndex grades Midcontinent Independent System Operator Inc B, based on program efficiency and fundraising cost.
- How much does Midcontinent Independent System Operator Inc's highest-paid employee make?
- The highest reported compensation on Midcontinent Independent System Operator Inc's latest Form 990 is $3,734,846, paid to John Bear (Ceo).
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Data for Midcontinent Independent System Operator Inc (EIN 43-1827033) 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.