P K M Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves
P K M Electric Cooperative Inc is a 501(c)(12) organization based in Warren, Minnesota, registered in 1945, with $15,284,496 in FY2023 revenue. CharityIndex grades it B.
406 North Minnesota, Warren, MN, 56762 EIN 41-0484875 Since 1945
Revenue (FY2023)
$15.3M
▲ 0.6% vs prior year
Expenses (FY2023)
$15.1M
Net assets
$21.7M
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 P K M 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 rating17 mo reserves · +1% 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 P K M Electric Cooperative Inc: 17 mo reserves · +1% 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 P K M 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 →
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 P K M Electric Cooperative 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 $12.7M (FY2013) to $15.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $16.7MNet assets $21.7M
Operating margin
1.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$38.4M
Total liabilities
$16.7M
Net assets
$21.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $15,284,496▲0.6% | $15,094,578▲1.6% | $21,686,806▲6.1% | $38,351,962▲8.3% | 990 |
| 2022 | $15,190,253▲4.6% | $14,858,333▲8.0% | $20,448,425▲3.8% | $35,400,036▲2.2% | 990 |
| 2021 | $14,516,004▼4.6% | $13,757,347▼6.3% | $19,697,268▲11.6% | $34,625,055▲4.0% | 990 |
| 2020 | $15,210,319▼1.4% | $14,675,808▼2.9% | $17,656,129▲4.7% | $33,297,526▲7.2% | 990 |
| 2019 | $15,433,899▲4.2% | $15,118,132▲3.5% | $16,868,866▲7.3% | $31,051,007▲5.0% | 990 |
| 2018 | $14,814,247▲2.1% | $14,612,004▲2.4% | $15,721,207▲3.9% | $29,572,203▼1.4% | 990 |
| 2017 | $14,505,345▼4.0% | $14,266,455▼3.7% | $15,134,329▲4.5% | $29,999,346▲3.7% | 990 |
| 2016 | $15,105,955▲9.6% | $14,814,452▲7.0% | $14,485,594▲7.3% | $28,938,692▲4.4% | 990 |
| 2015 | $13,782,571▼6.4% | $13,841,849▼4.1% | $13,500,175▼3.2% | $27,722,614▼1.6% | 990 |
| 2014 | $14,727,514▲16.0% | $14,426,237▲14.3% | $13,945,559▲10.8% | $28,178,248▲3.5% | 990 |
| 2013 | $12,700,685 | $12,617,653▲4.6% | $12,582,521▼0.5% | $27,215,453▼0.5% | 990 |
| 2012 | — | $12,065,023▲7.8% | $12,645,468▲5.4% | $27,356,878▲14.9% | 990 |
| 2011 | — | $11,190,599▲19.7% | $11,998,754▲2.7% | $23,818,117▲1.2% | 990 |
| 2010 | — | $9,349,050 | $11,678,125 | $23,546,677 | 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.
Grants received · $249K total
4 grants to P K M Electric Cooperative Inc totaling $249K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2017 | $23,900 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2016 | $23,900 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2015 | $188,409 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2014 | $13,121 |
Frequently asked questions
- Is P K M Electric Cooperative Inc a legitimate nonprofit?
- Yes. P K M Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 41-0484875, based in Warren, Minnesota.
- What is P K M Electric Cooperative Inc's EIN?
- P K M Electric Cooperative Inc's Employer Identification Number (EIN) is 41-0484875.
- How much revenue does P K M Electric Cooperative Inc report?
- P K M Electric Cooperative Inc reported $15,284,496 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does P K M Electric Cooperative Inc have?
- CharityIndex grades P K M Electric Cooperative Inc B, based on financial health (reserves and operating margin).
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Data for P K M Electric Cooperative Inc (EIN 41-0484875) 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.