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Nonprofit · EIN 37-0408325

MCDONOUGH POWER COOPERATIVE INC

Tax-exempt · MACOMB, IL 61455

Financials

$12.8M$12.8M2023$12.9M$12.9M2024$14.5M$14.5M2025
Revenue Expenses · by fiscal year end
Financials of MCDONOUGH POWER COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$14,480,636$14,480,636$0$40,733,238$23,199,900$17,533,338
December 31, 2024990$12,887,511$12,887,511$0$38,491,607$21,843,398$16,648,209
December 31, 2023990$12,806,237$12,806,237$0$36,265,528$20,125,800$16,139,728
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$14,397,685
Investment income
$36,316
Net rental income
$9,504
Net gain from sales of assets
$14,900
Other revenue
$46,635

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,147,679
Compensation of officers, directors and key employees
$565,858
Other salaries and wages
$848,081
Salaries, compensation and benefits (total)
$1,413,939
Professional fundraising fees
$0
Depreciation
$1,352,489

Balance sheet and other

Total assets, start of year
$38,491,607
Total assets, end of year
$40,733,238
Total liabilities, end of year
$23,199,900
Net assets, end of year
$17,533,338
Land, buildings and equipment
$31,195,670
Gross receipts
$14,480,636
Employees
16
Year formed
1938
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Robert M SmithCEO
Officer
40$189,805$142,333
Doug BearLine Superintendent
Highest-paid employee
40$129,986$101,875
Tracy CamdenCFO
Officer
40$138,096$52,678
Joseph WernsmanJourneyman Lineman
Highest-paid employee
43$118,862$43,158
Hunter MaxwellJourneyman Lineman
Highest-paid employee
45$129,519$24,964
Gabe WilliamsJourneyman Lineman
Highest-paid employee
44$120,928$29,736
Riley EntwistleJourneyman Lineman
Highest-paid employee
44$123,885$25,168
David LueckDirector
Trustee or director
2$8,073$0
Steve HallDirector
Trustee or director
1$6,650$0
Walter LewisDirector
Trustee or director
2$6,600$0
Michael CoxDirector
Trustee or director
1$6,523$0
Jeffrey MooreDirector
Trustee or director
1$5,700$0
Ryan LitchfieldDirector
Trustee or director
1$5,100$0
Bryson BedwellDirector
Trustee or director
1$4,300$0
Courtney ChandlerDirector
Trustee or director
1$4,150$0
1 more people on this return
NameTitleHours / weekCompensation
Robert DwyerDirector
Trustee or director
1$3,800
990 for the year ended December 31, 2024: 18 people
NameTitleHours / weekCompensationOther / benefits
Robert M SmithPresident & CEO
Officer
40$187,984$120,288
Doug BearLine Superintendent
Highest-paid employee
40$124,894$86,114
Tracy CamdenCFO
Officer
40$129,060$48,805
Joseph WernsmanJourneyman Lineman
Highest-paid employee
45$123,843$38,419
Gabe WilliamsJourneyman Lineman
Highest-paid employee
45$121,050$30,465
Hunter MaxwellCrew Foreman
Highest-paid employee
45$125,434$23,255
Riley EntwistleJourneyman Lineman
Highest-paid employee
45$122,458$22,804
Steve HallDirector
Trustee or director
1$6,660$0
Jeffrey MooreDirector
Trustee or director
1$5,775$0
Walter LewisDirector
Trustee or director
2$5,700$0
David LueckDirector
Trustee or director
2$4,498$0
Michael CoxDirector
Trustee or director
1$4,348$0
Courtney ChandlerDirector
Trustee or director
1$4,150$0
Robert DwyerDirector
Trustee or director
1$3,725$0
Bryson BedwellDirector
Trustee or director
1$2,325$0
Jerry RigginsDirector
Trustee or director
2$2,108$0
Ryan LitchfieldDirector
Trustee or director
1$0$2,025
Steven LynnDirector
Trustee or director
1$1,575$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
Robert M SmithPresident & CEO
Officer
40$176,825$105,804
Doug BearLine Superintendent
Highest-paid employee
40$117,263$80,465
Jamison HolthausCrew Foreman
Highest-paid employee
44$118,704$45,718
Tracy CamdenCFO
Officer
40$128,108$36,088
Joseph WernsmanJourneyman Lineman
Highest-paid employee
45$121,526$34,252
Clay WiemerslageJourneyman Lineman
Highest-paid employee
46$125,918$28,660
Steve HallDirector
Trustee or director
1$5,685$0
Jerry RigginsDirector
Trustee or director
2$5,116$0
Walter LewisDirector
Trustee or director
2$5,099$0
Michael CoxDirector
Trustee or director
1$5,023$0
David LueckDirector
Trustee or director
1$4,773$0
Jeffrey MooreDirector
Trustee or director
1$4,199$0
Courtney ChandlerDirector
Trustee or director
1$3,800$0
Steven LynnDirector
Trustee or director
1$3,600$0
Robert DwyerDirector
Trustee or director
1$2,794$0

Address and contacts

Address (IRS master file)
1210 W JACKSON ST, MACOMB, IL 61455-1928
In care of
% ROBERT M SMITH
Principal officer (990 for 2025)
Robert M Smith, 1210 W Jackson Street, Macomb, IL 61455
Signed the 990
ROBERT M SMITH, President & CEO
Phone
(309) 833-2101
Return prepared by
Kelso Lynch PC PA

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.

990 for the year ended December 31, 2025

Program accomplishments

  • McDonough Power Cooperative supplies electric power to members in portions of Fulton, Hancock, Henderson, Knox, McDonough, Schuyler and Warren counties in West-Central Illinois. More than 5,000 households and businesses receive power from McDonough Power.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
37-0408325
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1940
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$40,733,238
Income (IRS master file)
$14,480,636

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$14,480,636$14,480,636$40,733,238XML
990December 2024$12,887,511$12,887,511$38,491,607XML
990December 2023$12,806,237$12,806,237$36,265,528XML
990December 2022$12,205,957$12,205,957$34,272,689IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-0408325).

Questions about MCDONOUGH POWER COOPERATIVE INC

What is the EIN of MCDONOUGH POWER COOPERATIVE INC?
The employer identification number (EIN) of MCDONOUGH POWER COOPERATIVE INC is 37-0408325.
Is MCDONOUGH POWER COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
Are donations to MCDONOUGH POWER COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MCDONOUGH POWER COOPERATIVE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MCDONOUGH POWER COOPERATIVE INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MCDONOUGH POWER COOPERATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MCDONOUGH POWER COOPERATIVE INC?
The 990 for the year ended December 31, 2025 names Robert M Smith.
Who are the officers and directors of MCDONOUGH POWER COOPERATIVE INC?
The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $189,805 (Robert M Smith, CEO).
How much revenue does MCDONOUGH POWER COOPERATIVE INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $14,480,636, expenses of $14,480,636 and total assets of $40,733,238 at year end.

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