Laclede Electric
Legal name: Laclede Electric Cooperative
Nonprofit profile at a glance
- EIN
- 440319785
- IRS 990 coverage
- 2012–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Lebanon, MO, USA
- Phone
- 4175323164
- Rating confidence
- Limited
Reported finances
- Revenue
- $90,729,121
- Expenses
- $90,729,121
- Assets
- $250,649,947
- Liabilities
- $143,905,076
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- KENNETH D BISHOP (VICE PRESIDENT)
- JOEL CRAVENS (PRESIDENT)
- TERRY D ROSENTHAL (CEO/GENERAL MANAGER)
Highest reported compensation
- TERRY D ROSENTHAL (CEO/GENERAL MANAGER): $792,010 total reported compensation
- BYRON DUDLEY (MANAGER OF COMM & MEMBER S): $390,192 total reported compensation
- BRIAN O'DELL (MANAGER OF OPERATIONS): $379,054 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide reliable, affordable electricity services to members in its service territory. Laclede Electric Cooperative’s commercial rebate program makes incorporating energy-efficient improvements into your business easy and affordable. Whether you’re replacing outdated, inefficient equipment or installing high-efficiency equipment during new construction, Laclede Electric offers a variety of rebates to help you reduce the initial costs, resulting in lower energy consumption and savings. ENERGY AUDITS Commercial, School& Industrial Energy Audits** – Member to pay an initial 25% of the audit fee. This fee is reimbursable when the recommended measures are implemented within twelve months of the audit date.
What it reported doing in 2025
Provide electricity service to rural members on a non-profit cooperative basis.
Operating model
- Revenue model
- Earned-program. 98% 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: 82
- Accountability: 91
- Sustainability: 39
- 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; 66th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- 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; 65th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 2.76; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: -0.9% per year; rating input score 0; 10th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 13th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $792K · 17 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $6.5M reported
- Consistency: 10 of 10 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 18 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Operating margin scored 23/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.