Wisconsin Electric Cooperative Association

Nonprofit profile at a glance

EIN
391163563
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-EZ 2012
Location
Middleton, WI, USA
Phone
6084674650
Rating confidence
Limited

Official website

Reported finances

Revenue
$4,492,321
Expenses
$4,356,897
Assets
$2,151,622
Liabilities
$275,140

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

Leadership & pay

18 people listed

Executive titles in this filing

  • ROB RICHARD (CURRENT PRESIDENT & CEO)
  • TIMOTHY CLAY (VICE PRESIDENT OF OPERATIONS)
  • STEPHEN FREESE (FORMER PRESIDENT & CEO)

Highest reported compensation

  • TIMOTHY CLAY (VICE PRESIDENT OF OPERATIONS): $249,905 total reported compensation
  • ROB RICHARD (CURRENT PRESIDENT & CEO): $239,546 total reported compensation
  • STEPHEN FREESE (FORMER PRESIDENT & CEO): $235,835 total reported compensation

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

Overview

Mission

To provide information and assistance to its members to further their goal of providing low cost electric service.

What it reported doing in 2024

Skill builder and youth education programs: weca offers more than 45 education programs for its members annually. Programming includes a mix of director, co-op employee, and youth education programs that cover a number of subjects such as director roles and responsibilities, financial metrics, industry trends, and career-related content. Weca organizes two youth leadership programs annually. Weca's youth programs introduce students from across the state to cooperative business basics, demonstrates the value of cooperation in everyday life, and also focuses on the development of leadership skills.

Operating model

Revenue model
Other-operating. 94% of the money available for current operations came from other operating 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: 79
  • Accountability: 61
  • Sustainability: 34
  • 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; 63rd 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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 7th 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

Sustainability

  • Operating margin: 3%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0.49; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 20.8%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 12% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 13.2% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 6 filed program accomplishments
  • Leadership: top reported pay $250K · 18 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $862K reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 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.

Key Signals

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

  • Moderate — Accountability: Independent voting board scored 33/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.