Nonprofit · EIN 81-0216629
MCCONE ELECTRIC CO-OP INC
Tax-exempt · CIRCLE, MT 59215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,547,206 | $10,920,940 | $626,266 | $44,555,020 | $28,119,358 | $16,435,662 |
| December 31, 2023 | 990 | $11,505,612 | $9,933,501 | $1,572,111 | $42,278,132 | $26,468,736 | $15,809,396 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $11,238,008
- Investment income
- $49,513
- Other revenue
- $259,685
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $544,644
- Compensation of officers, directors and key employees
- $740,480
- Other salaries and wages
- $1,651,001
- Salaries, compensation and benefits (total)
- $3,241,345
- Professional fundraising fees
- $0
- Legal fees
- $1,778
- Accounting fees
- $12,895
- Depreciation
- $1,489,621
Balance sheet and other
- Total assets, start of year
- $42,278,132
- Total assets, end of year
- $44,555,020
- Total liabilities, end of year
- $28,119,358
- Net assets, end of year
- $16,435,662
- Land, buildings and equipment
- $38,305,012
- Gross receipts
- $11,547,206
- Employees
- 24
- Volunteers
- 0
- Year formed
- 1945
- State of legal domicile
- MT
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steve Tilton | General Manager Officer | 45 | $149,310 | $53,669 |
| Theresa Haynie | Manager of Finance & Administration Officer | 43 | $113,883 | $75,537 |
| Nathan Tuttle | Line Foreman Highest-paid employee | 41 | $101,132 | $11,822 |
| Conrad Moline | President Trustee or director, Officer | 4 | $33,134 | $0 |
| Brent McRae | Director Trustee or director | 3 | $32,234 | $0 |
| R Kurt Voss | Director Trustee or director | 5 | $31,972 | $0 |
| Carla Delp | Treasurer Trustee or director, Officer | 7 | $28,422 | $0 |
| Brett Beery | Director Trustee or director | 4 | $24,395 | $0 |
| Brent Kluth | Vice President Trustee or director, Officer | 9 | $23,969 | $0 |
| Ken Ehli | Director Trustee or director | 8 | $23,144 | $0 |
| Ruth Hinnaland | Secretary Trustee or director, Officer | 12 | $23,144 | $0 |
| Patti Murphy | Director Trustee or director | 3 | $7,163 | $0 |
| Brianna Vine | Director Trustee or director | 1 | $3,306 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Steve Tilton | General Manager Officer | 45 | $149,571 | $36,652 |
| Theresa Haynie | Manager of Finance & Administration Officer | 42 | $100,934 | $66,499 |
| Nathan Tuttle | Line Foreman Highest-paid employee | 42 | $100,433 | $11,222 |
| Carla Delp | President/Treasurer Trustee or director, Officer | 6 | $30,521 | $0 |
| Brent McRae | Director Trustee or director | 3 | $30,146 | $0 |
| Conrad Moline | Director/President Trustee or director, Officer | 3 | $30,071 | $0 |
| Brett Beery | Director Trustee or director | 3 | $29,546 | $0 |
| R Kurt Voss | Director Trustee or director | 5 | $26,501 | $0 |
| Brent Kluth | Vice President Trustee or director, Officer | 7 | $22,159 | $0 |
| Ken Ehli | Director Trustee or director | 7 | $21,784 | $0 |
| Ruth Hinnaland | Secretary Trustee or director, Officer | 12 | $21,559 | $0 |
| Patti Murphy | Treasurer/Director Trustee or director, Officer | 5 | $11,805 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 368, CIRCLE, MT 59215-0368
- Principal officer (990 for 2024)
- Steve Tilton, PO Box 368, Circle, MT 59215
- Signed the 990
- Theresa Haynie, Manager of Finance & Administration
- Phone
- (406) 485-3430
- Website
- www.mcconeelectric.coop
Mission
To provide reliable, high-quality central station electrical power to its members at the lowest possible cost consistent with sound business practices, on a cooperative basis.
Program accomplishments
- Provided electric power to approximately 5,400 service locations to cooperative members in rural eastern Montana, 365 days per year, 24 hours per day.
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 | Not 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
- 81-0216629
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $44,555,020
- Income (IRS master file)
- $11,547,206
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,547,206 | $10,920,940 | $44,555,020 | IRS |
| 990 | December 2023 | $11,505,612 | $9,933,501 | $42,278,132 | XML |
| 990 | December 2022 | $10,684,203 | $9,668,131 | $39,516,727 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 81-0216629).
Questions about MCCONE ELECTRIC CO-OP INC
- What is the EIN of MCCONE ELECTRIC CO-OP INC?
- The employer identification number (EIN) of MCCONE ELECTRIC CO-OP INC is 81-0216629.
- Is MCCONE ELECTRIC CO-OP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1965.
- Are donations to MCCONE ELECTRIC CO-OP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MCCONE ELECTRIC CO-OP 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 MCCONE ELECTRIC CO-OP INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MCCONE ELECTRIC CO-OP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MCCONE ELECTRIC CO-OP INC?
- The 990 for the year ended December 31, 2024 names Steve Tilton.
- Who are the officers and directors of MCCONE ELECTRIC CO-OP INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 13 received compensation from the organization, the highest $149,310 (Steve Tilton, General Manager).
- How much revenue does MCCONE ELECTRIC CO-OP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,547,206, expenses of $10,920,940 and total assets of $44,555,020 at year end.
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