NonprofitsMcdonough Power Cooperative Inc

Public & Societal Benefit

Mcdonough Power Cooperative Inc

MACOMB, IL

Total revenue

$12.9M

Total expenses

$12.9M

Net assets

$16.6M

Grants received

EIN

370408325

Tax year

2024

Mission

McDonough Power Cooperative is a member-owned and locally controlled cooperative business whose mission is to provide high quality electric and related services in a safe, reliable and financially responsible manner for the betterment of the membership and the area it serves.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$12.8M
Investment income$20K
Other revenue$43K
Total revenue$12.9M

Expenses

Grants paid
Salaries & benefits$1.3M
Fundraising
Other expenses$10.7M
Total expenses$12.9M
Total assets$38.5M
Net assets$16.6M

People

18 listed

NameRoleCompensation

Robert M Smith

President & CEO

Board

$188K

40 hrs/wk

Tracy Camden

CFO

Board

$129K

40 hrs/wk

Steve Hall

Director

Board

$7K

1 hrs/wk

Jeffrey Moore

Director

Board

$6K

1 hrs/wk

Walter Lewis

Director

Board

$6K

2 hrs/wk

David Lueck

Director

Board

$4K

2 hrs/wk

Michael Cox

Director

Board

$4K

1 hrs/wk

Courtney Chandler

Director

Board

$4K

1 hrs/wk

Robert Dwyer

Director

Board

$4K

1 hrs/wk

Bryson Bedwell

Director

Board

$2K

1 hrs/wk

Jerry Riggins

Director

Board

$2K

2 hrs/wk

Steven Lynn

Director

Board

$2K

1 hrs/wk

Ryan Litchfield

Director

Board

1 hrs/wk

Hunter Maxwell

Crew Foreman

Staff

$125K

45 hrs/wk

Doug Bear

Line Superintendent

Staff

$125K

40 hrs/wk

Joseph Wernsman

Journeyman Lineman

Staff

$124K

45 hrs/wk

Riley Entwistle

Journeyman Lineman

Staff

$122K

45 hrs/wk

Gabe Williams

Journeyman Lineman

Staff

$121K

45 hrs/wk

Independent contractors

Sellenriek Energy

Line Construction

$498K

Spoon River Electric Coop

Tree Trimming

$318K

Meridian

Software

$148K

Tharp Brothers

Boring

$144K

AIEC

Service Organizati

$119K

Details

EIN370408325
NTEE codeW80Z
Subsection12
Ruling date1940-01
Formed1938
Employees16
MCDONOUGH POWER COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo