Wright-hennepin Cooperative Electric Association
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Wright-hennepin Cooperative Electric Association is a 501(c)(12) organization based in Rockford, Minnesota, registered in 1939, with $125,052,995 in FY2023 revenue. CharityIndex grades it A.
6800 Electric Dr, Rockford, MN, 55373 EIN 41-0621437 Since 1939
Revenue (FY2023)
$125.1M
▼ 0.4% vs prior year
Expenses (FY2023)
$121.8M
Net assets
$102.9M
Employees
136
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 Wright-hennepin Cooperative Electric Association— 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 · +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 Wright-hennepin Cooperative Electric Association: 10 mo reserves · +3% 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 Wright-hennepin Cooperative Electric Association: 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 Wright-hennepin Cooperative Electric Association: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
Whcea is a member-owned, not-for-profit electric cooperative. electric utility that provides power to rural wright county and western hennepin county.
Contact & location
Financial trends
Revenue grew from $95.5M (FY2013) to $125.1M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $159.9MNet assets $102.9M
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$262.7M
Total liabilities
$159.9M
Net assets
$102.9M
Salaries & benefits
$2.5M
2% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $125,052,995▼0.4% | $121,841,198▲1.4% | $102,867,147▲0.8% | $262,748,920▲7.7% | 990 |
| 2022 | $125,595,485▲11.2% | $120,136,621▲16.8% | $102,012,200▲3.6% | $243,904,716▲4.4% | 990 |
| 2021 | $112,957,716▲7.5% | $102,890,600▼6.6% | $98,440,032▲6.6% | $233,547,306▲3.9% | 990 |
| 2020 | $105,067,587▼0.2% | $110,134,219▲1.8% | $92,359,205▲10.1% | $224,862,263▲11.6% | 990 |
| 2017 | $105,318,550▲7.3% | $108,146,040▲7.0% | $83,905,563▲2.9% | $201,505,699▲3.5% | 990 |
| 2016 | $98,147,376▲5.7% | $101,075,000▲7.7% | $81,519,139▲3.5% | $194,777,633▲0.7% | 990 |
| 2015 | $92,851,528▼0.7% | $93,807,162▲0.7% | $78,795,625▲1.4% | $193,374,989▲2.3% | 990 |
| 2014 | $93,469,487▼2.1% | $93,195,158▼0.9% | $77,712,269▲0.2% | $189,009,700▼0.9% | 990 |
| 2013 | $95,494,897 | $94,012,052▲7.9% | $77,538,508▲2.8% | $190,674,237▲3.8% | 990 |
| 2012 | — | $87,150,524▲1.9% | $75,421,420▲8.3% | $183,730,200▲9.4% | 990 |
| 2011 | — | $85,547,903▲12.8% | $69,650,913▲4.8% | $167,957,135▼0.5% | 990 |
| 2010 | — | $75,848,890 | $66,479,106 | $168,870,987 | 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: Timothy Sullivan — $461,540 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Timothy Sullivan | President & Ceo | 41.4 | $461,540 |
| Robert Sandberg | Vp of Power Supply | 45 | $280,824 |
| Brian Swanson | Cfo Until 09/23 | 27 | $248,468 |
| Lee Nordby | Operations Director | 45 | $225,743 |
| Curtis Cordt | Engineering Director | 45 | $214,996 |
| Scott Gearey | Line Crew Foreman | 51 | $176,005 |
| Jonathan Lee | Lead Line Crew Foreman | 49 | $171,780 |
| John Stueven | Relief Line Crew Foreman | 50 | $168,931 |
| Keith Burandt | Line Crew Foreman | 50 | $163,024 |
| Jennifer Severson | Vp of Human Resources | 35 | $161,262 |
| Lars Erickson | Relief Crew Foreman | 50 | $160,889 |
| Gabe Garlets | Vp of It Until 12/23 | 35 | $159,183 |
| Erick Heinz | Chair | 10.5 | $38,046 |
| Chris Lantto | Director | 14 | $33,250 |
| Mark Skinner | Director | 6 | $31,600 |
| Michael Tieva | Secretary-treasurer | 8.9 | $30,431 |
| John Reynolds | Director | 4.1 | $25,932 |
| Pat Bakeberg | Director | 6 | $24,544 |
| Timothy Young | Vice Chair | 5.3 | $24,475 |
| Duane Butch Lindenfelser | Director | 10 | $21,276 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Mp Nexlevel LLC | Line Construction | $2,784,253 |
| Asplundh Tree Expert Co | Tree Trimming | $972,396 |
| Zielie's Tree Service Inc | Tree Trimming | $806,369 |
| Bear Tree Care Inc | Tree Trimming | $688,926 |
| Michels Utility Services Inc | Line Construction | $603,410 |
Frequently asked questions
- Is Wright-hennepin Cooperative Electric Association a legitimate nonprofit?
- Yes. Wright-hennepin Cooperative Electric Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 41-0621437, based in Rockford, Minnesota.
- What is Wright-hennepin Cooperative Electric Association's EIN?
- Wright-hennepin Cooperative Electric Association's Employer Identification Number (EIN) is 41-0621437.
- How much revenue does Wright-hennepin Cooperative Electric Association report?
- Wright-hennepin Cooperative Electric Association reported $125,052,995 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Wright-hennepin Cooperative Electric Association have?
- CharityIndex grades Wright-hennepin Cooperative Electric Association A, based on financial health (reserves and operating margin).
- How much does Wright-hennepin Cooperative Electric Association's highest-paid employee make?
- The highest reported compensation on Wright-hennepin Cooperative Electric Association's latest Form 990 is $461,540, paid to Timothy Sullivan (President & Ceo).
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Data for Wright-hennepin Cooperative Electric Association (EIN 41-0621437) 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.