#350 of 500 · Member & Benefit Funds

Mckenzie Electric Cooperative Inc

EIN 45-0217439 · ND · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit rural electric cooperative headquartered in Watford City, North Dakota. Founded in 1945, it generates, transmits, and distributes electricity to members across parts of five North Dakota counties (McKenzie, Dunn, Billings, Golden Valley, and Mercer) and two Montana counties (Richland and Wibaux), a service area that includes the Bakken oil region. It is governed by a member-elected board and operates on the seven cooperative principles.

Financials, fiscal 2023

Revenue

$441.7M

Expenses

$441.7M

Total assets

$580.2M

Net assets

$418.8M

Operating margin

0.0%

1-year growth

10.1%

5-year growth (CAGR)

7.1%

Reserve (years of spending)

11.4

Contributions share

n/a

Programme spending

92.6%

Fundraising cost

n/a

Executive pay share

0.16%

Employees

77

Revenue per employee

$5.7M

Grants paid

n/a

Years filing

62

NFP Health Score: 80 / 100

Financial 63 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide members a higher quality of life by offering safe, reliable and affordable electricity.

Revenue history