Todd Wadena Electric Co-operative
501(c)(12)
Only null% goes to programs Strong reserves
Todd Wadena Electric Co-operative is a 501(c)(12) organization based in Wadena, Minnesota, registered in 1942, with $23,655,877 in FY2024 revenue. CharityIndex grades it B.
Po Box 431, Wadena, MN, 56482 EIN 41-0579258 Since 1942
Revenue (FY2024)
$23.7M
▲ 2.6% vs prior year
Expenses (FY2024)
$23.1M
Net assets
$26.7M
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 Todd Wadena Electric Co-operative— 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 rating14 mo reserves · +3% 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 Todd Wadena Electric Co-operative: 14 mo reserves · +3% 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 Todd Wadena Electric Co-operative— 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 Todd Wadena Electric Co-operative: 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 $18.7M (FY2013) to $23.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $39.0MNet assets $26.7M
Operating margin
2.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$65.7M
Total liabilities
$39.0M
Net assets
$26.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $23,655,877▲2.6% | $23,057,919▲0.2% | $26,730,530▲4.0% | $65,727,797▲3.3% | 990 |
| 2023 | $23,052,133▲2.4% | $23,017,414▲1.9% | $25,692,792▲1.3% | $63,637,493▲2.6% | 990 |
| 2022 | $22,509,338▲3.0% | $22,592,159▲2.4% | $25,365,346 | $62,043,419▲4.5% | 990 |
| 2021 | $21,851,926▲7.9% | $22,054,776▲8.5% | $25,366,926▲1.4% | $59,373,114▲3.9% | 990 |
| 2020 | $20,246,671▼3.1% | $20,318,409▼2.8% | $25,024,946▲3.1% | $57,150,101▲6.2% | 990 |
| 2019 | $20,884,206▲2.0% | $20,904,663▲2.0% | $24,282,203▲2.3% | $53,836,529▲1.4% | 990 |
| 2018 | $20,480,878▲1.1% | $20,484,906▲1.1% | $23,741,774▲5.1% | $53,103,770▲4.7% | 990 |
| 2017 | $20,258,723▲7.6% | $20,263,421▲7.6% | $22,599,698▲6.0% | $50,737,468▲1.2% | 990 |
| 2016 | $18,822,350▲5.7% | $18,840,309▲5.7% | $21,313,293▲4.4% | $50,116,107▲5.4% | 990 |
| 2015 | $17,808,654▼7.0% | $17,830,696▼7.0% | $20,406,684▲2.9% | $47,550,201▲2.8% | 990 |
| 2014 | $19,153,911▲2.5% | $19,167,059▲2.5% | $19,833,612▲7.6% | $46,266,184▲2.8% | 990 |
| 2013 | $18,695,323 | $18,706,387▲8.3% | $18,435,598▲8.3% | $45,010,404▲6.0% | 990 |
| 2012 | — | $17,266,034▲14.0% | $17,015,769▲8.9% | $42,477,492▲4.2% | 990 |
| 2011 | — | $15,141,245▲4.7% | $15,619,087▲6.4% | $40,759,458▲2.1% | 990 |
| 2010 | — | $14,465,389 | $14,678,329 | $39,935,132 | 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 · $28K total
1 grant to Todd Wadena Electric Co-operative totaling $28K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund-territory threat | 2022 | $28,378 |
Frequently asked questions
- Is Todd Wadena Electric Co-operative a legitimate nonprofit?
- Yes. Todd Wadena Electric Co-operative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 41-0579258, based in Wadena, Minnesota.
- What is Todd Wadena Electric Co-operative's EIN?
- Todd Wadena Electric Co-operative's Employer Identification Number (EIN) is 41-0579258.
- How much revenue does Todd Wadena Electric Co-operative report?
- Todd Wadena Electric Co-operative reported $23,655,877 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Todd Wadena Electric Co-operative have?
- CharityIndex grades Todd Wadena Electric Co-operative B, based on financial health (reserves and operating margin).
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Data for Todd Wadena Electric Co-operative (EIN 41-0579258) 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.