Nonprofit · EIN 37-0425335
MONROE COUNTY ELECTRIC COOP INC
Tax-exempt · WATERLOO, IL 62298
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $20,020,326 | $19,839,463 | $180,863 | $54,529,806 | $34,302,843 | $20,226,963 |
| December 31, 2023 | 990 | $18,872,783 | $18,872,783 | $0 | $52,959,364 | $33,916,005 | $19,043,359 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $180,863
- of which government grants
- $180,863
- Program service revenue
- $19,577,238
- Investment income
- $237,135
- Net rental income
- $57,378
- Net gain from sales of assets
- $116,370
- Other revenue
- $25,090
Expenses
- Grants and similar amounts paid
- $19,314
- Benefits paid to members
- $1,454,956
- Compensation of officers, directors and key employees
- $581,076
- Other salaries and wages
- $987,277
- Salaries, compensation and benefits (total)
- $1,568,353
- Professional fundraising fees
- $0
- Depreciation
- $1,803,809
Balance sheet and other
- Total assets, start of year
- $52,959,364
- Total assets, end of year
- $54,529,806
- Total liabilities, end of year
- $34,302,843
- Net assets, end of year
- $20,226,963
- Land, buildings and equipment
- $41,928,025
- Gross receipts
- $20,020,326
- Employees
- 30
- Year formed
- 1938
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alan Wattles | President & CEO Officer | 44 | $234,363 | $135,686 |
| Christopher Scott | Operations Supervisor Highest-paid employee | 41 | $166,692 | $62,845 |
| Ronald Rusteberg | Foreman Highest-paid employee | 44 | $133,132 | $73,722 |
| Alisa Wood | VP - Admin Highest-paid employee | 40 | $130,898 | $58,495 |
| Robert Gross | Foreman Highest-paid employee | 44 | $133,161 | $53,787 |
| Gary Gilbert | Foreman Highest-paid employee | 44 | $129,547 | $44,998 |
| Tracy Patton | CFO Officer | 40 | $115,072 | $47,545 |
| George Obernagel | Director Trustee or director | 3.35 | $8,000 | $0 |
| Amy Hoffman-Rohlfing | Diarector Trustee or director | 1.08 | $6,500 | $0 |
| Richard Neff | Director Trustee or director | 3.61 | $5,850 | $0 |
| Rich Hollis | Director Trustee or director | 0.83 | $5,500 | $0 |
| Greg Gregson | Director Trustee or director | 1.63 | $5,200 | $0 |
| Quent Stenzel | Director Trustee or director | 1.77 | $5,000 | $0 |
| Jeff Hoffmann | Director Trustee or director | 1 | $4,650 | $0 |
| Joel Harres | Director Trustee or director | 0.67 | $3,650 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Suzanne Knake | Director Trustee or director | 0.73 | $2,360 |
| Larry Kraft | Director Trustee or director | 2.43 | $1,700 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alan Wattles | President & CEO Officer | 43 | $215,292 | $127,646 |
| Christopher Scott | Operations Supervisor Highest-paid employee | 42 | $152,020 | $58,841 |
| Ronald Rusteberg | Foreman Highest-paid employee | 45 | $137,007 | $69,951 |
| Robert Gross | Foreman Highest-paid employee | 44 | $132,671 | $50,745 |
| Christopher Deterding | Foreman Highest-paid employee | 44 | $127,331 | $47,741 |
| Tracy Patton | CFO Officer | 40 | $106,400 | $45,977 |
| Andrew Gotto | Journeyman Highest-paid employee | 45 | $128,560 | $21,654 |
| Larry Kraft | Director Trustee or director | 4.08 | $8,250 | $0 |
| George Obernagel | Director Trustee or director | 3.57 | $6,750 | $0 |
| Richard Neff | Director Trustee or director | 3.4 | $5,250 | $0 |
| Amy Hoffman-Rohlfing | Diarector Trustee or director | 3.3 | $5,200 | $0 |
| Greg Gregson | Director Trustee or director | 1.73 | $4,900 | $0 |
| Quent Stenzel | Director Trustee or director | 2.01 | $4,800 | $0 |
| Jeff Hoffmann | Director Trustee or director | 1.01 | $4,300 | $0 |
| Rich Hollis | Director Trustee or director | 0.81 | $3,950 | $0 |
| Joel Harres | Director Trustee or director | 0.67 | $3,350 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 128, WATERLOO, IL 62298-0128
- In care of
- % ALAN WATTLES
- Principal officer (990 for 2024)
- Alan Wattles, PO Box 128, Waterloo, IL 62298
- Signed the 990
- ALAN WATTLES, President & CEO
- Phone
- (618) 939-7171
- Website
- www.mcec.org
- Return prepared by
- Kelso Lynch PC PA
Mission
As a member owned organization, Monroe County Electric Cooperatives mission is to provide and maintain quality electric and related services for the benefit and well-being of its members.
Program accomplishments
- Monroe County Electric Cooperative, Inc. is a member-owned electric cooperative. Using approximaately 1,200 miles of distribution and transmission electric line, Monroe County Electric Cooperative, Inc. serves more than 7,500 local farms, homes and businesses located in Illinois with dependable electric power.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 37-0425335
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $54,529,806
- Income (IRS master file)
- $20,020,326
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $20,020,326 | $19,839,463 | $54,529,806 | IRS |
| 990 | December 2023 | $18,872,783 | $18,872,783 | $52,959,364 | XML |
| 990 | December 2022 | $18,269,028 | $18,269,028 | $51,924,602 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-0425335).
Questions about MONROE COUNTY ELECTRIC COOP INC
- What is the EIN of MONROE COUNTY ELECTRIC COOP INC?
- The employer identification number (EIN) of MONROE COUNTY ELECTRIC COOP INC is 37-0425335.
- Is MONROE COUNTY ELECTRIC COOP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to MONROE COUNTY ELECTRIC COOP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MONROE COUNTY ELECTRIC COOP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONROE COUNTY ELECTRIC COOP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONROE COUNTY ELECTRIC COOP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MONROE COUNTY ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2024 names Alan Wattles.
- Who are the officers and directors of MONROE COUNTY ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $234,363 (Alan Wattles, President & CEO).
- How much revenue does MONROE COUNTY ELECTRIC COOP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $20,020,326, expenses of $19,839,463 and total assets of $54,529,806 at year end.
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