Mountrail-williams Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Mountrail-williams Electric Cooperative Inc is a 501(c)(12) organization based in Williston, North Dakota, registered in 1949, with $463,576,484 in FY2023 revenue. CharityIndex grades it A.
Po Box 1346, Williston, ND, 58802 EIN 45-0216732 Since 1949
Revenue (FY2023)
$463.6M
▲ 32.0% vs prior year
Expenses (FY2023)
$461.4M
Net assets
$389.3M
Employees
143
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 Mountrail-williams 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 rating10 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 Mountrail-williams Electric Cooperative Inc: 10 mo reserves · +0% margin earns a A 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 Mountrail-williams Electric Cooperative Inc: 6 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 Mountrail-williams Electric Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Meet the changing needs of members, provide excellent electric service & improve the community.
Contact & location
- Address
- Po Box 1346, Williston, ND, 58802
- City
- Williston
- State
- North Dakota
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $138.5M (FY2013) to $463.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $504.0MNet assets $389.3M
Operating margin
0.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$893.3M
Total liabilities
$504.0M
Net assets
$389.3M
Salaries & benefits
$20.0M
4% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $463,576,484▲32.0% | $461,449,647▲31.7% | $389,297,400▲11.8% | $893,263,831▲11.0% | 990 |
| 2022 | $351,151,917▲9.9% | $350,401,163▲9.7% | $348,083,067▲12.1% | $804,528,059▲10.3% | 990 |
| 2021 | $319,591,434▲0.4% | $319,421,884▲0.5% | $310,572,215▲8.2% | $729,403,133▲1.7% | 990 |
| 2020 | $318,238,351▼1.4% | $317,688,827▼1.3% | $287,108,219▲8.6% | $717,404,799▲2.7% | 990 |
| 2019 | $322,622,142▲3.9% | $321,889,963▲3.9% | $264,258,368▲12.2% | $698,555,752▲5.2% | 990 |
| 2018 | $310,574,546▲20.8% | $309,894,127▲20.7% | $235,488,896▲24.4% | $663,881,661▲9.8% | 990 |
| 2017 | $257,098,413▲5.3% | $256,758,802▲5.2% | $189,364,358▲14.0% | $604,607,838▲8.3% | 990 |
| 2016 | $244,256,993▲11.1% | $244,175,410▲11.3% | $166,163,837▲25.8% | $558,055,880▲6.9% | 990 |
| 2015 | $219,808,632▲14.9% | $219,434,651▲15.0% | $132,093,688▲34.7% | $521,973,541▲6.3% | 990 |
| 2014 | $191,264,455▲38.1% | $190,812,233▲38.3% | $98,061,295▲48.8% | $491,257,767▲21.6% | 990 |
| 2013 | $138,463,908 | $138,019,095▲60.9% | $65,906,377▲54.4% | $404,084,904▲35.0% | 990 |
| 2012 | — | $85,782,460▲53.1% | $42,682,114▲24.2% | $299,231,069▲77.3% | 990 |
| 2011 | — | $56,028,646▲55.4% | $34,370,626▲22.8% | $168,729,355▲41.9% | 990 |
| 2010 | — | $36,047,487 | $27,990,136 | $118,901,761 | 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: Dale L Haugen — $342,371 (0.07% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dale L Haugen | General Manager | 46.3 | $342,371 |
| Jay P Lux | Cfo | 44.8 | $235,511 |
| Alex Vournas | Coo | 48.8 | $227,599 |
| Jerry Rehak | Special Projects Manager | 40.9 | $201,603 |
| Leah Johnson Ellis | In-house Legal Counsel | 41.3 | $195,165 |
| Matthew Glueckert | Operations Manager | 44.3 | $179,223 |
| Darin Swensrud | Line Superintendent | 41.7 | $175,960 |
| Charlene Aubol | Director | 9.3 | $29,371 |
| Pete Petersen | Director | 13.8 | $28,552 |
| Robert Grant | Chairperson | 9.4 | $28,273 |
| Brion Norby | Director | 10 | $28,263 |
| Kyle Detienne | Treasurer | 6.8 | $23,055 |
| Ryan Wilhelmi | Director | 5.2 | $22,223 |
| Jennifer Wade | Director | 8.3 | $19,418 |
| Blaine Jorgenson | Secretary | 7.8 | $16,393 |
| Garrett Lalim | Vice Chairperson | 6.1 | $16,195 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Anderson & Wood Construction | Electric Substation & Transmission Const | $9,937,448 |
| J Grubl Excavating | Electric Distribution Construction | $8,071,023 |
| Keller Construction LLC | Electric Distribution Construction | $3,524,806 |
| Hdr Engineering Inc | Electrical Engineering | $2,308,139 |
| Jrg Power LLC | Electric Distribution Construction | $1,260,301 |
Frequently asked questions
- Is Mountrail-williams Electric Cooperative Inc a legitimate nonprofit?
- Yes. Mountrail-williams Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 45-0216732, based in Williston, North Dakota.
- What is Mountrail-williams Electric Cooperative Inc's EIN?
- Mountrail-williams Electric Cooperative Inc's Employer Identification Number (EIN) is 45-0216732.
- How much revenue does Mountrail-williams Electric Cooperative Inc report?
- Mountrail-williams Electric Cooperative Inc reported $463,576,484 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Mountrail-williams Electric Cooperative Inc have?
- CharityIndex grades Mountrail-williams Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Mountrail-williams Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Mountrail-williams Electric Cooperative Inc's latest Form 990 is $342,371, paid to Dale L Haugen (General Manager).
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Data for Mountrail-williams Electric Cooperative Inc (EIN 45-0216732) 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.