Itasca-mantrap Co-op Electrical Ass'n Trust

Nonprofit profile at a glance

EIN
205048055
IRS 990-EZ coverage
2010–2025
Forms available
Form 990-EZ 2025
Location
Park Rapids, MN, USA
Phone
2187323377
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$84,230
Expenses
$75,397
Assets
$32,888
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • RON AHMANN (FORMER CHAIR)
  • BARB BOECKMAN (TREASURER)
  • STEPHANIE CARLSON (CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Collect voluntary contributions from itasca-mantrap co-op electrical assocation members and provide monetary assistance to organizations in the service territory of itasca-mantrap co-op electrical assocation.

What it reported doing in 2025

The purpose of the organization is to accumulate and distribute funds for charitable and educational purposes. The organization is funded solely by voluntary operation round up contributions from members of the cooperative and from other sources of funds available to the trust. Operation round up contributions are used primarily in the local area served by the cooperative for charitable and educational purposes. Grants are awarded to non-profit or community-based organizations that demonstrate a commitment to enhancing the quality of life in the region.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86%; rating input score 86
  • Program expense ratio: 95.9%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 10.5%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 20.2% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 1.5% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 86% of revenue deployed · 95.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $72K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 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.

Key Signals

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

  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.