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Midwest Electric Cooperative Corporation

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$35.7M (2022)

Expenses
$37M (2022)

Total Assets
$83.3M (2022)

Total Liabilities
$40.7M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,694,791
Expenses
$37,039,098
Net Income
-$1,344,307
Net Assets
$42,597,597
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,455,238
99.3%
Investment Income $106,049
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $123,691
0.3%
Net Inventory Sales $5,488
0.0%
Other Revenue $4,325
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $447,626
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,392,199
6.5%
Assets/Debt
Total Assets $83,342,155
Total Liabilities $40,744,558
Net Assets $42,597,597
Club or Co-Op Income
Income From Members $35,455,238
Income From Other Sources $295,595
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jayson Bishop (General Manager) $167,207 $0 $86,629
Karl Lake (Engineering Manager) $107,897 $0 $63,440
Tim Johnson (Apparatus Technician) $105,682 $0 $58,249
Kyle R Deeds (Construction Foreman) $105,207 $0 $51,228
Kraig Wykert (Operations Manager) $105,142 $0 $61,557
Kelly Mccloskey (Staking Engineer) $102,964 $0 $53,285
Riley D Kennedy (Financial Manager) $99,095 $0 $46,596
Vance Mccoy (Treasurer) $7,475 $0 $0
Dennis Hutt (Director) $6,500 $0 $0
Mark Mcconnell (Director) $6,175 $0 $0
Gavin Mcclintock (Secretary) $5,850 $0 $0
Chris Cornelius (Director) $5,200 $0 $0
Nick Hanson (Vice President) $4,550 $0 $0
Dale Schroeder (Director) $4,225 $0 $0
Shawn Turner (President) $4,225 $0 $0
Brad Harms (Director) $3,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,806,010
Expenses
$31,794,142
Net Income
-$988,132
Net Assets
$42,815,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,163,208
97.9%
Investment Income $575,121
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $52,096
0.2%
Net Inventory Sales $8,253
0.0%
Other Revenue $7,332
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $421,090
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,264,396
7.1%
Assets/Debt
Total Assets $80,947,030
Total Liabilities $38,131,253
Net Assets $42,815,777
Club or Co-Op Income
Income From Members $28,413,105
Income From Other Sources $2,555,053
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jayson Bishop (General Manager) $156,281 $0 $89,899
Bruce A Geisert (Meter Technician) $102,717 $0 $60,770
Karl D Lake (Engineering Manager) $100,913 $0 $60,261
Riley D Kennedy (Financial Manager) $92,545 $0 $46,615
Vance Mccoy (Treasurer) $4,875 $0 $0
Mark Mcconnell (Director) $4,550 $0 $0
Shawn Turner (President) $4,550 $0 $0
Dale Schroeder (Director) $4,225 $0 $0
Dennis Hutt (Director) $3,900 $0 $0
Chris Cornelius (Director) $3,575 $0 $0
Gavin Mcclintock (Secretary) $3,575 $0 $0
Brad Harms (Director) $3,250 $0 $0
Nick Hanson (Vice President) $3,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,923,133
Expenses
$32,866,021
Net Income
-$942,888
Net Assets
$42,692,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,238,753
97.9%
Investment Income $707,032
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$30,026
Net Inventory Sales $3,728
0.0%
Other Revenue $3,646
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $367,521
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,223,552
6.8%
Assets/Debt
Total Assets $82,884,036
Total Liabilities $40,191,892
Net Assets $42,692,144
Club or Co-Op Income
Income From Members $29,495,295
Income From Other Sources $2,508,351
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jayson Bishop (General Manager) $133,261 $0 $65,131
Chris Schrotberger (Operations Manager) $103,374 $0 $47,216
Riley D Kennedy (Financial Manager) $86,769 $0 $41,411
Chris Cornelius (Director) $6,175 $0 $0
Vance Mccoy (Treasurer) $5,850 $0 $0
Nick Hanson (Vice President) $5,200 $0 $0
Dale Schroeder (Director) $4,875 $0 $0
Mark Mcconnell (Director) $4,875 $0 $0
Dennis Hutt (Director) $3,900 $0 $0
Shawn Turner (President) $3,900 $0 $0
Brad Harms (Director) $3,575 $0 $0
Gavin Mcclintock (Secretary) $2,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,890,805
Expenses
$27,601,218
Net Income
-$710,413
Net Assets
$42,688,512
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,526,778
94.9%
Investment Income $901,779
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $47,838
0.2%
Net Inventory Sales $46,832
0.2%
Other Revenue $367,578
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $415,291
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,129,126
7.7%
Assets/Debt
Total Assets $79,282,432
Total Liabilities $36,593,920
Net Assets $42,688,512
Club or Co-Op Income
Income From Members $23,589,994
Income From Other Sources $3,323,523
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry Umberger (General Manager) $164,282 $0 $77,669
Jayson Bishop (It Manager) $103,941 $0 $75,064
Riley D Kennedy (Financial Manager) $80,573 $0 $48,893
Dennis Hutt (Director) $5,850 $0 $0
Shawn Turner (President) $5,525 $0 $0
Vance Mccoy (Treasurer) $5,525 $0 $0
Mark Mcconnell (Director) $5,525 $0 $0
Dale Schroeder (Director) $5,200 $0 $0
Nick Hanson (Vice President) $4,225 $0 $0
Chris Cornelius (Director) $4,225 $0 $0
Gavin Mcclintock (Secretary) $3,900 $0 $0
Brad Harms (Director) $2,925 $0 $0
Ron Ivers (Director) $975 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,333,721
Expenses
$26,701,085
Net Income
-$367,364
Net Assets
$42,297,327
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,428,170
96.6%
Investment Income $811,453
3.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $39,665
0.2%
Net Inventory Sales $4,057
0.0%
Other Revenue $50,376
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $376,579
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,973,377
7.4%
Assets/Debt
Total Assets $78,251,132
Total Liabilities $35,953,805
Net Assets $42,297,327
Club or Co-Op Income
Income From Members $23,439,257
Income From Other Sources $2,904,312
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry Umberger (General Manager) $156,831 $0 $70,571
Jayson Bishop (It Manager) $100,147 $0 $56,552
Riley D Kennedy (Financial Manager) $76,505 $0 $35,197
Chris Cornelius (Director) $4,850 $0 $0
Mark Mcconnell (Director) $4,450 $0 $0
Shawn Turner (President) $4,075 $0 $0
Dennis Hutt (Director) $4,075 $0 $0
Dale Schroeder (Director) $3,850 $0 $0
Nick Hanson (Vice President) $3,750 $0 $0
Gavin Mcclintock (Secretary) $3,425 $0 $0
Ron Ivers (Director) $3,425 $0 $0
Vance Mccoy (Treasurer) $3,100 $0 $0
Nathan Geisert (Past Secretary) $2,475 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,744,467
Expenses
$29,440,431
Net Income
$1,304,036
Net Assets
$41,696,346
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,482,291
95.9%
Investment Income $1,256,650
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,011
0.0%
Net Inventory Sales -$666
Other Revenue $1,181
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $263,033
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,986,915
6.7%
Assets/Debt
Total Assets $77,987,306
Total Liabilities $36,290,960
Net Assets $41,696,346
Club or Co-Op Income
Income From Members $27,732,664
Income From Other Sources $1,905,163
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry Umberger (General Manager) $151,360 $0 $73,448
Shawn Turner (President) $5,500 $0 $0
Vance Mc Coy (Treasurer) $5,500 $0 $0
Gavin Mc Clintock (Asst. Treasurer) $5,500 $0 $0
Chris Cornelius (Director) $4,400 $0 $0
Ron Ivers (Director) $4,400 $0 $0
Nick Hanson (Vice President) $4,125 $0 $0
Nathan Geisert (Secretary) $4,125 $0 $0
Dennis Hutt (Director) $3,850 $0 $0
Greg Fleecs (Past Secretary) $825 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,579,826
Expenses
$28,523,968
Net Income
$1,055,858
Net Assets
$39,734,926
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,785,522
97.3%
Investment Income $761,970
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,546
0.1%
Net Inventory Sales $8,066
0.0%
Other Revenue $1,722
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $227,460
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,008,232
7.0%
Assets/Debt
Total Assets $77,502,302
Total Liabilities $37,767,376
Net Assets $39,734,926
Club or Co-Op Income
Income From Members $27,256,253
Income From Other Sources $1,573,770

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,118,744
Expenses
$27,175,427
Net Income
-$56,683
Net Assets
$37,877,106
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,060,666
96.1%
Investment Income $1,036,977
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,898
0.0%
Net Inventory Sales $1,081
0.0%
Other Revenue $17,122
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $219,674
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,919,057
7.1%
Assets/Debt
Total Assets $76,014,236
Total Liabilities $38,137,130
Net Assets $37,877,106
Club or Co-Op Income
Income From Members $24,285,501
Income From Other Sources $1,843,329

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,415,630
Expenses
$27,545,483
Net Income
-$129,853
Net Assets
$36,998,212
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,086,277
95.2%
Investment Income $1,307,820
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $10,620
0.0%
Net Inventory Sales $0
Other Revenue $10,913
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $224,886
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,898,077
6.9%
Assets/Debt
Total Assets $78,322,842
Total Liabilities $41,324,630
Net Assets $36,998,212
Club or Co-Op Income
Income From Members $26,086,277
Income From Other Sources $1,329,353

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,958,194
Expenses
$29,958,194
Net Income
$0
Net Assets
$36,257,474
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,904,612
99.8%
Investment Income $216,059
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$162,477
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $77,782,402
Total Liabilities $41,524,928
Net Assets $36,257,474
Club or Co-Op Income
Income From Members $28,342,954
Income From Other Sources $531,035
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Larry Umberger (Gm) $133,129 $0 $71,953
Calvin Dahlkoetter (Ops Mngr) $101,477 $0 $58,937
Dick Hasenauer (Pres) $5,500 $0 $0
Shawn Stutzman (Dir) $4,950 $0 $0
Rod Clough (Sec) $4,400 $0 $0
Greg Fleecs (Dir) $4,400 $0 $0
Shawn Turner (Dir) $4,125 $0 $0
Nathan Geisert (Dir) $3,850 $0 $0
Ronald Hagan (Vp) $3,300 $0 $0
Ron Ivers (Dir) $3,025 $0 $0
Kent Kroeker (Treas) $1,925 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,527,268
Expenses
$31,527,268
Net Income
$0
Net Assets
$35,021,762
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,226,618
99.0%
Investment Income $259,658
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $40,992
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,075,768
Total Liabilities $38,054,006
Net Assets $35,021,762
Club or Co-Op Income
Income From Members $30,076,534
Income From Other Sources $775,809

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,422,116
Expenses
$24,422,116
Net Income
$0
Net Assets
$33,539,708
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,992,867
98.2%
Investment Income $248,832
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $180,417
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,848,192
Total Liabilities $37,308,484
Net Assets $33,539,708
Club or Co-Op Income
Income From Members $22,920,510
Income From Other Sources $491,134

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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