MINNESOTA RURAL ELECTRIC ASSOCIATIO N

MAPLE GROVE, MN, 55369-5589 (763) 424-1020 Est. 1940 EIN 41-0417193

Form 990 501(c)(6)

Mission

THE ASSOCIATION WAS FORMED TO PROVIDE SERVICES TO ITS MEMBERS INCLUDING EDUCATION, JOB TRAINING AND SAFETY, AND LEGISLATIVE AND REGULATOR REPRESENTATION.

Financials

Total Revenue

$5,483,823

Total Expenses

$5,015,041

Net Assets

$3,320,823

19 employees

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

7.9 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 10.5%

Expenses ↑ 8.7%

Revenue Sources

Earned revenue 96.8% Investment 3.2%

Expense Breakdown

Program 69.6% Management 30.4%

Officers & Key Employees (19)

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Grants Received (7)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990 Jan 1, 2024 to Dec 31, 2024	$5,483,823 ↑	$5,015,041	$3,320,823
2023 Form 990 Jan 1, 2023 to Dec 31, 2023	$4,963,044 ↑	$4,614,349	$2,848,194
2022 Form 990 Jan 1, 2022 to Dec 31, 2022	$4,674,458 ↑	$4,521,431	$2,473,286
2021 Form 990 Jan 1, 2021 to Dec 31, 2021	$4,154,040 ↑	$3,936,728	$2,338,972
2020 Form 990 Jan 1, 2020 to Dec 31, 2020	$3,833,827 ↓	$3,681,079	$2,119,218
2018 Form 990 Jan 1, 2018 to Dec 31, 2018	$3,995,591	$3,798,364	$1,978,653