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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Monroe County Electric Cooperative Inc

Monroe County Electric Cooperative Inc

Fiscal year ending 2024. Filed on November 13, 2025.

PO Box 128
Waterloo, Illinois 62298

Monroe County Electric Cooperative Inc (EIN: 37-0425335) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Monroe County Electric Cooperative Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 30 total employees. Among the employees shown here, the average compensation is $217,135. The highest compensated employee at Monroe County Electric Cooperative Inc is Alan Wattles with fiscal year 2024 compensation of $370,049.

Revenue, expenses, and employee compensation

Revenue

$20,020,326

Expenses

$19,839,463

Employee compensation

$1,568,353
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Alan Wattles
President and Chief Executive Officer
$370,049
$234,363 No related comp$135,686
Christopher Scott
Operations Supervisor
$229,537
$166,692 No related comp$62,845
Ronald Rusteberg
Foreman
$206,854
$133,132 No related comp$73,722
Alisa Wood
Vice President, Administration
$189,393
$130,898 No related comp$58,495
Robert Gross
Foreman
$186,948
$133,161 No related comp$53,787
Gary Gilbert
Foreman
$174,545
$129,547 No related comp$44,998
Tracy Patton
Chief Financial Officer
$162,617
$115,072 No related comp$47,545

Benchmark Employee Compensation

Non-Employee Board Members

George Obernagel
Director
$8,000
$8,000 No related compNo other comp
Amy Hoffman-Rohlfing
Diarector
$6,500
$6,500 No related compNo other comp
Richard Neff
Director
$5,850
$5,850 No related compNo other comp
Rich Hollis
Director
$5,500
$5,500 No related compNo other comp
Greg Gregson
Director
$5,200
$5,200 No related compNo other comp
Quent Stenzel
Director
$5,000
$5,000 No related compNo other comp
Jeff Hoffmann
Director
$4,650
$4,650 No related compNo other comp
Joel Harres
Director
$3,650
$3,650 No related compNo other comp
Suzanne Knake
Director
$2,360
$2,360 No related compNo other comp
Larry Kraft
Director
$1,700
$1,700 No related compNo other comp

Contractors

Nisc
Computer Support
$192,887
Osmose Utilities
Pole Inspections
$145,845

Mission Statement

As a member owned organization, Monroe County Electric Cooperatives mission is to provide and maintain quality electric and related services for the benefit and well-being of its members.

Revisions to this organization profile

November 13, 2025:
2024 Monroe County Electric Cooperative Inc 990 filed
October 22, 2024:
2023 Monroe County Electric Cooperative Inc 990 filed
August 28, 2023:
2022 Monroe County Electric Cooperative Inc 990 filed

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