Mille Lacs Energy Cooperative
Aitkin, 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 9 peers in Public & Societal Benefit 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 | $32,476,630↑11% | $31,688,640↑10% | $100,842,123↑13% | |
| 2022 | $29,203,634↓2% | $28,814,017↓2% | $88,985,955↑3% | — |
| 2021 | $29,692,681↑5% | $29,538,691↑6% | $86,769,519↑5% | — |
| 2020 | $28,320,088↓5% | $27,799,006↓2% | $82,311,330↓1% | — |
| 2019 | $29,742,616↑10% | $28,318,487↑3% | $83,188,878↑9% | — |
| 2018 | $27,117,494↑4% | $27,467,494↑3% | $76,403,010↑3% | — |
| 2017 | $26,043,531↑4% | $26,543,529↑6% | $74,254,117↑12% | — |
| 2016 | $25,005,997↑3% | $25,005,997↑3% | $66,009,668↑5% | — |
| 2015 | $24,193,613↓9% | $24,193,613↓9% | $63,054,023 | — |
| 2014 | $26,706,042↑5% | $26,706,042↑5% | $62,912,346↑4% | — |
| 2013 | $25,483,534↑5% | $25,483,534↑5% | $60,682,167↑9% | — |
| 2012 | $24,295,372↑4% | $24,295,372↑4% | $55,875,209↑3% | — |
| 2011 | $23,271,761 | $23,271,761 | $54,242,824 | — |
Frequently Asked Questions
What does Mille Lacs Energy Cooperative do?▼
Mille Lacs Energy Cooperative is a public & societal benefit nonprofit organization based in Minnesota. It is classified under NTEE code W80Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Mille Lacs Energy Cooperative financially healthy?▼
Based on our 9-metric Financial Health Score model, Mille Lacs Energy Cooperative has a score of 68/100 (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 Mille Lacs Energy Cooperative generate?▼
Mille Lacs Energy Cooperative reports $32.3M in annual revenue and holds $107.5M in total assets, based on IRS filings.
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