Allamakee-clayton Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 420110380
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Postville, IA, USA
- Phone
- 5638647611
- Rating confidence
- Limited
Reported finances
- Revenue
- $24,808,365
- Expenses
- $24,808,365
- Assets
- $83,346,538
- Liabilities
- $56,387,818
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- JEFFREY BRADLEY (PRESIDENT UNTIL 09/2024)
- MICHAEL GIBBS (VICE PRESIDENT)
- ALAN STEFFENS (DIRECTOR/ PRESIDENT FROM 09/2024)
Highest reported compensation
- HOLLEE MCCORMICK (EXECUTIVE VP & GEN MANAGER): $203,256 total reported compensation
- JASON TROENDLE (DIRECTOR OF OPERATIONS): $154,458 total reported compensation
- JOSH ABBOTT (LEAD LINEMAN): $150,459 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Allamakee-clayton electric cooperative is dedicated to enhancing the quality of life for our members, partners and neighbors by providing safe, reliable and affordable electric services and other innovative solutions.
What it reported doing in 2024
Allamakee-clayton electric cooperative was organized in 1938 by members because investor-owned utilities bypassed rural Iowa due to its sparse population. Allamakee-clayton electric cooperative provides electric power to 9,964 customers on 2,530 miles of line in portions of eight counties: allamakee, clayton, fayette, winneshiek, chickasaw, bremer, Delaware and dubuque. Our customer base is 95% farm and rural residential and maintains 24-hour around-the-clock electric service. Crews are available to ensure quality service at all times.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 3.36; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $203K · 16 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $8.4M reported
- Consistency: 13 of 13 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 31/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.