Blue Earth Nicollet Faribault Cooperative Electric Association
Mankato, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 111 peers in Unclassified with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $53,900,086 | $53,860,781 | $144,377,847↑5% | |
| 2022 | $53,795,371↑8% | $53,777,621↑17% | $137,782,800↑11% | — |
| 2021 | $49,683,649↑8% | $45,893,377↑3% | $123,765,879↑5% | — |
| 2020 | $45,959,324↓5% | $44,518,043↓4% | $118,260,844↑3% | — |
| 2019 | $48,217,093↓2% | $46,500,780↑1% | $114,600,121↑3% | — |
| 2018 | $49,021,122↑3% | $46,161,223↑4% | $110,994,265↑8% | — |
| 2017 | $47,637,148↑3% | $44,359,862↓2% | $103,142,625↑10% | — |
| 2016 | $46,169,037↑23% | $45,090,516↑22% | $93,785,217↑2% | — |
| 2015 | $37,523,277↑4% | $37,013,614↑7% | $91,658,573↑28% | — |
| 2014 | $35,983,515↑6% | $34,578,146↑1% | $71,602,165↑1% | — |
| 2013 | $34,022,997↑7% | $34,198,254↑8% | $71,122,401↑9% | — |
| 2012 | $31,871,359↑7% | $31,676,989↑10% | $65,033,175↑6% | — |
| 2011 | $29,808,143 | $28,730,701 | $61,138,585 | — |
Frequently Asked Questions
What does Blue Earth Nicollet Faribault Cooperative Electric Association do?▼
Blue Earth Nicollet Faribault Cooperative Electric Association is a unclassified nonprofit organization based in Minnesota. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Blue Earth Nicollet Faribault Cooperative Electric Association financially healthy?▼
Based on our 9-metric Financial Health Score model, Blue Earth Nicollet Faribault Cooperative Electric Association has a score of 69/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Blue Earth Nicollet Faribault Cooperative Electric Association generate?▼
Blue Earth Nicollet Faribault Cooperative Electric Association reports $53.2M in annual revenue and holds $146.5M in total assets, based on IRS filings.
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