2025-11-12T21:50:02-05:00 2024-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2024-01-01 370425335 Monroe County Electric Cooperative Inc % Alan Wattles MONR 6189397171 PO Box 128 Waterloo IL 62298 ALAN WATTLES President & CEO 6189397171 2025-11-11 true true GEORGE LYNCH P00187596 9138311150 2025-11-12 2024 2025-03-06 01:10:19Z Alan Wattles PO Box 128 Waterloo IL 62298 20020326 false X www.mcec.org X 1938 IL As a member owned organization, Monroe County Electric Cooperatives mission is to provide and maintain quality electric and related services for the benefit and well-being of its members. 9 9 30 0 0 180863 18862300 19577238 -64457 237135 74940 25090 18872783 20020326 17338 19314 1060316 1454956 1468876 1568353 0 0 16326253 16796840 18872783 19839463 180863 52959364 54529806 33916005 34302843 19043359 20226963 As a member owned organization, Monroe County Electric Cooperatives mission is to provide and maintain quality electric and related services for the benefit and well-being of its members. false false Monroe County Electric Cooperative, Inc. is a member-owned electric cooperative. Using approximaately 1,200 miles of distribution and transmission electric line, Monroe County Electric Cooperative, Inc. serves more than 7,500 local farms, homes and businesses located in Illinois with dependable electric power. false false false false false false false false true false true false true true true false false false false false false false false false false false true true false false false false false false false false false false false false false false true 54 0 true 30 true false false false false false 19187906 866755 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X Tracy Patton 6189397171 PO Box 128 Waterloo IL 62298 Alan Wattles President & CEO 44.00 0.00 X 234363 0 135686 Christopher Scott Operations Supervisor 41.00 0.00 X 166692 0 62845 Ronald Rusteberg Foreman 44.00 0.00 X 133132 0 73722 Alisa Wood VP - Admin 40.00 0.00 X 130898 0 58495 Robert Gross Foreman 44.00 0.00 X 133161 0 53787 Gary Gilbert Foreman 44.00 0.00 X 129547 0 44998 Tracy Patton CFO 40.00 0.00 X 115072 0 47545 George Obernagel Director 3.35 0.00 X 8000 0 0 Amy Hoffman-Rohlfing Diarector 1.08 0.00 X 6500 0 0 Richard Neff Director 3.61 0.00 X 5850 0 0 Rich Hollis Director 0.83 0.00 X 5500 0 0 Greg Gregson Director 1.63 0.00 X 5200 0 0 Quent Stenzel Director 1.77 0.00 X 5000 0 0 Jeff Hoffmann Director 1.00 0.00 X 4650 0 0 Joel Harres Director 0.67 0.00 X 3650 0 0 Suzanne Knake Director 0.73 0.00 X 2360 0 0 Larry Kraft Director 2.43 0.00 X 1700 0 0 1091275 0 477078 7 false true false NISC 1 Innovation Circle Lake Saint Louis MO 63367 Computer Support 192887 Osmose Utilities PO Box 736729 Dallas TX 75373 Pole Inspections 145845 2 180863 180863 Sale of Electricity 221000 18953581 18953581 Capital Credits 221000 495976 495976 Other Operating 221000 127681 127681 19577238 120765 120765 57378 57378 57378 57378 116370 116370 116370 116370 0 Misc Non-Operating 900099 -32288 -32288 -32288 20020326 19544950 0 294513 X 7500 11814 1454956 581076 987277 1306979 1803809 Cost of Power 10161639 10161639 Distribution Expense 1663396 1663396 Admin & General 1489693 1489693 Member Services 367573 367573 3751 19839463 0 0 0 950848 706823 1000000 1560000 1500624 1656027 915340 858618 180800 387092 64982579 23054554 41060449 41928025 7311955 7433221 39348 52959364 54529806 1663322 1720937 418289 410983 31466004 29381518 2400000 368390 389405 33916005 34302843 X 1646506 1674711 17396853 18552252 19043359 20226963 52959364 54529806 X 180863 1002741 X false true X true 1886967 1886967 3905166 2223061 1682105 59190446 20831493 38358953 41928025 Associated Organizations 7025214 C Subordinated Certificates 326402 C Other Investments 81605 C 7433221 Post Retirement Benefits 389405 389405 X 19839463 19839463 180863 180863 20020326 18384507 18384507 1454956 1454956 19839463 Part XI, Line 4b-Other revenue not included on Sch D but on 990 FEMA Grant $180,863 Part XII, Line 4b-Other expenses not included on Sch D but on 990 Margins Assigned to Members $1,454,956 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) An evaluation of whether or not it has any uncertain tax positions isdetermined on an annual basis the Association. While the Associationbelieves is has adequately provided for all tax positions, amounts assertedby taxing authorities could be different than the positions taken by theAssociation. The Association recognizes any interest and penaltiesassessed by taxing authorities in income tax expense, and, with fewexceptions, is no longer subject to federal, state or local income taxexaminations by taxing authorities for years before 2021. true 15 Grants to Various Schools 500 7500 Scholarships 15 7500 Assistance Electric Service 26 4314 X X false false false Alan Wattles President & CEO 234363 109528 26158 370049 Christopher Scott Operations Supervisor 166692 38455 24390 229537 Ronald Rusteberg Foreman 133132 59799 13923 206854 Robert Gross Foreman 133161 30354 23433 186948 Alisa Wood VP - Admin 130898 34651 23844 189393 Tracy Patton CFO 115072 24230 23315 162617 Gary Gilbert Foreman 129547 21565 23433 174545 Members or stockholder classes and rights Part VI line 6 Monroe Electric Cooperative is a member owned Cooperative. Member election for additional members Part VI line 7a Monroe County Electric Cooperative, Inc. members elect the board of directors. Governing body decisions Part VI line 7b Bylaw changes are to be voted on by the membership. Form 990 governing body review Part VI line 11 The President/CEO and the CFO review the Form 990 for reasonableness and consistency with prior years Form 990s and it is reviewed by the Board of Directors prior to filing. Conflict of interest policy compliance Part VI line 12c Reviewed annually at the monthly board meeting in addition to the BOD signing a conflict of interest form. CEO executive director top management comp Part VI line 15a Annual review and salary comparisons are based upon the NRECA Wage & Salary Survey with all salary amounts being approved by the Board of Directors. Other officer or key employee compensation Part VI line 15b Annual review and salary comparisons are based upon the NRECA Wage & Salary Survey with all salary amounts being approved by the Board of Directors. Governing documents etc available to public Part VI line 19 Bylaws are offered to all new members and are posted on our website. All other documents are available upon request. Explanation of other changes in net assets or fund balances Part XI line 9 Assignment of Net Margins to Members $ 1,454,956Other Changes $ 45,700Change in AOCI $ -27,318Retirement of Capital Credits $ -289,734FEMA Grant Offset $ -180,863Total $ 1,002,741 Part IX response or note to any line in Part IX Form 990, Part IX, Line 4The instructions to the 2024 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to thier members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 of the Form 990 represents the net margins assignable to the members for the calendar year ended December 31, 2024.