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Nonprofiteer
← MCDONOUGH POWER COOPERATIVE INC

Form 990 for tax year 2025

Filed by MCDONOUGH POWER COOPERATIVE INC.

Totals

Total revenue
$14,480,636
Total expenses
$14,480,636
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,397,685
Investment income
$36,316
Other revenue
$46,635
Total assets, end of year
$40,733,238
Total liabilities, end of year
$23,199,900
Net assets or fund balances, end of year
$17,533,338
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Sale of Electricity

    total $13,688,479 · related or exempt $13,688,479

  • 2b · Program service revenue: Capital Credits

    total $639,754 · related or exempt $639,754

  • 2c · Program service revenue: Miscellaneous Electric

    total $69,452 · related or exempt $69,452

  • 3 · Investment income

    total $21,416 · excluded $21,416

  • 6a · Gross rents

    personal property $9,504

  • 6c · Rental income or loss

    personal property $9,504

  • 6d · Net rental income or loss

    total $9,504 · excluded $9,504

  • 7a · Gross sales of assets other than inventory

    other assets $14,900

  • 7c · Gain or loss

    other assets $14,900

  • 7d · Net gain or loss

    total $14,900 · related or exempt $14,900

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Other Non-Operating

    total $37,131 · related or exempt $37,131

  • 11e · Other revenue, total

    $37,131

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,147,679

  • 5 · Compensation of officers, directors and key employees

    total $565,858

  • 7 · Other salaries and wages

    total $848,081

  • 20 · Interest

    total $1,034,095

  • 22 · Depreciation, depletion and amortization

    total $1,352,489

  • 24a · Other expenses: Cost of Power

    total $7,621,151 · program services $7,621,151

  • 24b · Other expenses: Distribution Expense

    total $927,515 · program services $927,515

  • 24c · Other expenses: Admin & General

    total $747,680 · program services $747,680

  • 24d · Other expenses: Member Services

    total $178,540 · program services $178,540

  • 24e · All other expenses

    total $57,548

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,671 · end of year $161,609

  • 4 · Accounts receivable

    beginning of year $1,209,854 · end of year $1,460,095

  • 8 · Inventories for sale or use

    beginning of year $305,568 · end of year $261,278

  • 9 · Prepaid expenses and deferred charges

    beginning of year $59,967 · end of year $59,533

  • 10a · Land, buildings and equipment: cost or other basis

    $46,773,224

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,577,554

  • 10c · Land, buildings and equipment, net

    beginning of year $29,764,951 · end of year $31,195,670

  • 13 · Investments: program-related

    beginning of year $7,094,245 · end of year $7,567,739

  • 15 · Other assets

    beginning of year $28,351 · end of year $27,314

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,506,568 · end of year $1,557,805

  • 19 · Deferred revenue

    beginning of year $116,005 · end of year $126,175

  • 23 · Secured mortgages and notes payable

    beginning of year $20,020,825 · end of year $20,715,920

  • 24 · Unsecured notes and loans payable

    beginning of year $200,000 · end of year $800,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $92,151 · end of year $89,131

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $882,529 · end of year $976,690

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,673,529 · end of year $16,467,517

Mission and programs · 2025

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.

  • 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.

As filed on the 2025 return.

Listed in Part VII

  • Robert M Smith

    CEO

    Total calculated
    $332,138
    From this org
    $189,805
    From related orgs
    $0
    Other
    $142,333
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $189,805
    Bonus
    not reported
    Other
    not reported
    Deferred
    $112,608
    Nontaxable benefits
    $29,725
    Filer's total
    $332,138

  • Doug Bear

    Line Superintendent

    Total calculated
    $231,861
    From this org
    $129,986
    From related orgs
    $0
    Other
    $101,875
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $129,986
    Bonus
    not reported
    Other
    not reported
    Deferred
    $78,549
    Nontaxable benefits
    $23,326
    Filer's total
    $231,861

  • Tracy Camden

    CFO

    Total calculated
    $190,774
    From this org
    $138,096
    From related orgs
    $0
    Other
    $52,678
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $138,096
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,981
    Nontaxable benefits
    $21,697
    Filer's total
    $190,774

  • Joseph Wernsman

    Journeyman Lineman

    Total calculated
    $162,020
    From this org
    $118,862
    From related orgs
    $0
    Other
    $43,158
    Hours/week
    43

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $118,862
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,136
    Nontaxable benefits
    $21,022
    Filer's total
    $162,020

  • Hunter Maxwell

    Journeyman Lineman

    Total calculated
    $154,483
    From this org
    $129,519
    From related orgs
    $0
    Other
    $24,964
    Hours/week
    45

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $129,519
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,541
    Nontaxable benefits
    $14,423
    Filer's total
    $154,483

  • Gabe Williams

    Journeyman Lineman

    Total calculated
    $150,664
    From this org
    $120,928
    From related orgs
    $0
    Other
    $29,736
    Hours/week
    44

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $120,928
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,211
    Nontaxable benefits
    $17,525
    Filer's total
    $150,664

  • Riley Entwistle

    Journeyman Lineman

    Total calculated
    $149,053
    From this org
    $123,885
    From related orgs
    $0
    Other
    $25,168
    Hours/week
    44

  • David Lueck

    Director

    Total calculated
    $8,073
    From this org
    $8,073
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Steve Hall

    Director

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Walter Lewis

    Director

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Cox

    Director

    Total calculated
    $6,523
    From this org
    $6,523
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeffrey Moore

    Director

    Total calculated
    $5,700
    From this org
    $5,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ryan Litchfield

    Director

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bryson Bedwell

    Director

    Total calculated
    $4,300
    From this org
    $4,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Courtney Chandler

    Director

    Total calculated
    $4,150
    From this org
    $4,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert Dwyer

    Director

    Total calculated
    $3,800
    From this org
    $3,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
5 June 2026
IRS schema version
2025v4.1
Source object
202611569349301261

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