United Electric Cooperative

Legal name: United Electric Cooperative Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

16 people listed

James Bagley (Chief Executive Officer): $282,292 total reported compensation
Mike Chellew (Chief Operating Officer): $198,241 total reported compensation
David Girvan (Chief Operating Officer - Subsidiary): $157,072 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

United Electric Cooperative's mission is to provide reliable, affordable electric service to its members while adhering to cooperative principles.

The Cooperative provides and sells electricity to approximately 10,000 rural members.

Revenue model: Earned-program. 94% 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: 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: Yes; rating input score 100

Independent voting board: 100%; rating input score 100; 67th 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: 6.22; rating input score 89; 89th percentile among comparable filings
Liabilities to assets ratio: 0.8; rating input score 16; 16th percentile among comparable filings
Officer compensation ratio: 3.2%; rating input score 59; 59th percentile among comparable filings

Program expense growth: -0.2% per year; rating input score 0; 17th percentile among comparable filings
Revenue growth: 2.9% per year; rating input score 100; 35th percentile among comparable filings
Asset growth: 8.6% per year; rating input score 100; 69th percentile among comparable filings

What they do: 1 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: 12 of 12 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $282K · 16 people listed · 1 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $7.4M reported
Consistency: 10 of 10 current checks pass
Schedules: 4 filed schedules · includes executive pay and related organizations
Filing history: 9 filing years from 2010 to 2018
Contacts: How to reach this organization
Money network: 16 filed money-flow records
Related organizations: 1 filed related-organization link
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.

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