Itasca-mantrap Co-op Electrical Ass'n

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

18 people listed

CHRISTINE FOX (PRESIDENT & CEO): $282,938 total reported compensation
GERALD BYER (OPERATIONS MANAGER - FORMER OFFICER): $245,873 total reported compensation
SHANNON SNELL (DIRECTOR OF OPERATIONS): $185,105 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Distribute electric energy to members.

Provide electric energy to 10,533 members.

Revenue model: Earned-program. 97% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass

Operating margin: 0%; rating input score 31; 31st percentile among comparable filings
Total-asset coverage ratio: 2.32; rating input score 67; 67th percentile among comparable filings
Liabilities to assets ratio: 0.52; rating input score 27; 27th percentile among comparable filings
Officer compensation ratio: 5.7%; rating input score 45; 45th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 3.2% per year; rating input score 100; 27th percentile among comparable filings
Asset growth: 2.7% per year; rating input score 100; 21st percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 6 of 7 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $283K · 18 people listed · 2 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $1.2M reported
Consistency: 14 of 14 current checks pass
Schedules: 6 filed schedules · includes grants and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 19 filed money-flow records
Related organizations: 2 filed related-organization links
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.

Signals prioritize questions for review. They are not findings of misconduct.