Nonprofit · EIN 45-0217439
MCKENZIE ELECTRIC COOPERATIVE INC
Tax-exempt · WATFORD CITY, ND 58854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $514,412,694 | $514,412,694 | $0 | $705,586,901 | $194,945,181 | $510,641,720 |
| December 31, 2024 | 990 | $478,726,576 | $478,726,576 | $0 | $646,763,826 | $181,699,342 | $465,064,484 |
| December 31, 2023 | 990 | $441,740,325 | $441,740,325 | $0 | $580,205,485 | $161,449,114 | $418,756,371 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $480,365,124
- Investment income
- $12,768,632
- Net rental income
- $12,559
- Net gain from sales of assets
- $61,813
- Other revenue
- $21,278,938
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $55,783,856
- Compensation of officers, directors and key employees
- $760,902
- Other salaries and wages
- $7,107,283
- Salaries, compensation and benefits (total)
- $10,094,654
- Professional fundraising fees
- $0
- Depreciation
- $12,434,591
Balance sheet and other
- Total assets, start of year
- $646,763,826
- Total assets, end of year
- $705,586,901
- Total liabilities, end of year
- $194,945,181
- Net assets, end of year
- $510,641,720
- Land, buildings and equipment
- $141,532,016
- Gross receipts
- $514,412,694
- Employees
- 82
- Volunteers
- 0
- Year formed
- 1945
- State of legal domicile
- ND
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATT HANSON | CEO Officer | 55.1 | $309,704 | $50,372 |
| JAMIE CROSS | DIRECTOR OF ACCOUNTING AND Officer | 45.9 | $189,422 | $55,612 |
| KARL AAKER | DIRECTOR OF ENGINEERING SE Highest-paid employee | 43.2 | $189,566 | $44,256 |
| ZANE FRICK | DIRECTOR OF OPERATIONS Highest-paid employee | 44.6 | $188,206 | $42,591 |
| AUSTIN FIECHTNER | SUBSTATION TECHNICIAN FORE Highest-paid employee | 51.6 | $174,404 | $22,582 |
| JAMES HANSEN | CONSTRUCTION MANAGER Highest-paid employee | 42.3 | $152,641 | $41,277 |
| NICK SHATTUCK | JOURNEYMAN LINEMAN Highest-paid employee | 44.5 | $147,884 | $36,284 |
| CHRIS LINK | PRESIDENT Trustee or director, Officer | 8.6 | $32,375 | $0 |
| RAY TESCHER | VICE PRESIDENT Trustee or director, Officer | 8.8 | $31,725 | $0 |
| KEN SANFORD | DIRECTOR Trustee or director | 5.4 | $31,425 | $0 |
| TRAVIS THOMPSON | SECRETARY/TREASURER Trustee or director, Officer | 6.5 | $29,775 | $0 |
| STEPHEN KERSHISNIK | DIRECTOR Trustee or director | 4.3 | $28,125 | $0 |
| CAMERON WAHLSTROM | DIRECTOR AT LARGE Trustee or director | 5.2 | $27,825 | $0 |
| RICHARD JORE | DIRECTOR Trustee or director | 3.7 | $27,225 | $0 |
| CLAYTON MONSEN | DIRECTOR Trustee or director | 3.4 | $26,025 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CLAY BOMBACH EFF 62025 | DIRECTOR Trustee or director | 3.5 | $14,863 |
| TIM WASEM TERM 62025 | SECRETARY/TREASURER Trustee or director | 6.4 | $12,413 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATT HANSON | CEO Officer | 57.3 | $283,665 | $37,945 |
| JAMIE CROSS | DIRECTOR OF ACCOUNTING AND FINANCE Officer | 45.8 | $179,048 | $42,974 |
| KARL AAKER | DIRECTOR OF ENGINEERING SE Highest-paid employee | 42.5 | $180,378 | $36,809 |
| ZANE FRICK | DIRECTOR OF OPERATIONS Highest-paid employee | 45 | $177,111 | $33,085 |
| JAMES HANSEN | CONSTRUCTION MANAGER Highest-paid employee | 42.2 | $146,333 | $31,844 |
| AUSTIN FIECHTNER | SUBSTATION TECHNICIAN FOREMAN Highest-paid employee | 49.5 | $159,470 | $17,988 |
| RYAN ZASTOUPIL | JOURNEYMAN LINEMAN Highest-paid employee | 48.4 | $149,646 | $8,836 |
| KEN SANFORD | DIRECTOR Trustee or director | 6 | $31,875 | $0 |
| RAY TESCHER | VICE PRESIDENT Trustee or director, Officer | 7.4 | $31,525 | $0 |
| TIM WASEM | SECRETARY/TREASURER Trustee or director, Officer | 6.3 | $31,125 | $0 |
| CHRIS LINK | PRESIDENT Trustee or director, Officer | 5.8 | $30,725 | $0 |
| TRAVIS THOMPSON | DIRECTOR-AT-LARGE Trustee or director | 5.9 | $30,325 | $0 |
| RICHARD JORE | DIRECTOR Trustee or director | 5.2 | $29,475 | $0 |
| CAMERON WAHLSTROM | DIRECTOR Trustee or director | 5.2 | $29,175 | $0 |
| CLAYTON MONSEN | DIRECTOR Trustee or director | 5.4 | $28,275 | $0 |
| STEPHEN KERSHISNIK | DIRECTOR Trustee or director | 4.6 | $26,575 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATT HANSON | CEO Officer | 57.5 | $256,647 | $34,312 |
| JAMIE CROSS | BUSINESS MANAGER Officer | 47.5 | $166,654 | $37,305 |
| KARL AAKER | DIRECTOR OF ENGINEERING SE Highest-paid employee | 42 | $168,119 | $33,826 |
| ZANE FRICK | DIRECTOR OF OPERATIONS Highest-paid employee | 46.75 | $162,371 | $29,555 |
| JAMES HANSEN | CONSTRUCTION MANAGER Highest-paid employee | 41.7 | $141,842 | $30,613 |
| JAMES WILLIAMS | JOURNEYMAN LINEMAN Highest-paid employee | 49.5 | $140,236 | $15,144 |
| RYAN ZASTOUPIL | JOURNEYMAN LINEMAN Highest-paid employee | 47.7 | $140,683 | $8,294 |
| CHRIS LINK | DIRECTOR Trustee or director | 9.6 | $45,925 | $0 |
| TRAVIS THOMPSON | DIRECTOR-AT-LARGE Trustee or director | 7.9 | $34,959 | $0 |
| RAY TESCHER | VICE PRESIDENT Trustee or director, Officer | 6.8 | $34,884 | $0 |
| CAMERON WAHLSTROM | DIRECTOR Trustee or director | 6.3 | $31,919 | $0 |
| KEN SANFORD | DIRECTOR Trustee or director | 5.9 | $28,309 | $0 |
| RICHARD JORE | DIRECTOR Trustee or director | 3.9 | $26,369 | $0 |
| CLAYTON MONSEN | PRESIDENT Trustee or director, Officer | 6.7 | $25,527 | $0 |
| TIM WASEM | SECRETARY/TREASURER Trustee or director, Officer | 4.2 | $25,459 | $0 |
| STEPHEN KERSHISNIK | DIRECTOR Trustee or director | 4.9 | $25,327 | $0 |
Address and contacts
- Address (IRS master file)
- 3817 23RD AVE NE, WATFORD CITY, ND 58854-0000
- In care of
- % PERATIVE INC
- Principal officer (990 for 2025)
- MATT HANSON, 3817 23RD AVE NE, WATFORD CITY, ND 58854
- Signed the 990
- MATT HANSON, CEO
- Phone
- (701) 444-9288
- Return prepared by
- BRADY MARTZ PLLC
Mission
TO MAKE AVAILABLE AND TO SERVE ALL CONSUMERS WITHIN ITS BOUNDARIES WITH ELECTRIC ENERGY. TO ENSURE AN ADEQUATE SOURCE OF CENTRAL STATION POWER AND WORK TO MAKE THAT ENERGY AS RELIABLE AS POSSIBLE AT THE LOWEST COST POSSIBLE.
Program accomplishments
- THE COOPERATIVE DELIVERS ELECTRIC ENERGY TO MEMBERS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0217439
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $705,586,901
- Income (IRS master file)
- $514,412,694
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $514,412,694 | $514,412,694 | $705,586,901 | XML |
| 990 | December 2024 | $478,726,576 | $478,726,576 | $646,763,826 | XML |
| 990 | December 2023 | $441,740,325 | $441,740,325 | $580,205,485 | XML |
| 990 | December 2022 | $401,082,882 | $401,082,882 | $520,136,868 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 45-0217439).
Questions about MCKENZIE ELECTRIC COOPERATIVE INC
- What is the EIN of MCKENZIE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of MCKENZIE ELECTRIC COOPERATIVE INC is 45-0217439.
- Is MCKENZIE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1961.
- Are donations to MCKENZIE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MCKENZIE ELECTRIC 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 MCKENZIE ELECTRIC 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 MCKENZIE ELECTRIC 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 MCKENZIE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names MATT HANSON.
- Who are the officers and directors of MCKENZIE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $309,704 (MATT HANSON, CEO).
- How much revenue does MCKENZIE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $514,412,694, expenses of $514,412,694 and total assets of $705,586,901 at year end.
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