Overview
What is Todd-Wadena Electric Cooperative Inc?
Todd-Wadena Electric Cooperative Inc is a nonprofit organization headquartered in Wadena, Minnesota. With a team of 29 employees, they provide reliable, safe, and affordable electricity to their 7,503 members. Beyond electric services, they offer various enhanced programs designed to conserve energy and promote efficiency. These initiatives include energy conservation and efficiency grants, rebates, free consultations, energy analysis services, and standalone generators. Todd-Wadena Electric also offers a renewable wind energy option and maintains a strong commitment to community involvement. They distribute funds through the 'Operation Round Up' program, which supports local community organizations, donating approximately $26,000 in 2022. Additionally, they sponsor youth initiatives, contributing $8,400 in 2022 to support 4H and a youth representative on the NRECA Youth Tour to Washington DC. Their mission emphasizes responsibility and utility services, while their values prioritize members, safety, communication, employees, service, and equity sharing.
Official website here: www.toddwadena.coop
What do the Facebook reviews say about Todd-Wadena Electric Cooperative Inc?
94% of 9 reviewers on Facebook recommend Todd-Wadena Electric Cooperative Inc. Here is a summary of their reviews:
The feedback highlights a strong sense of satisfaction among members, with many praising the cooperative as the best choice for electricity. Users appreciate the reliable service and the support they receive from the cooperative, indicating a positive relationship between the cooperative and its customers.
Overall, the sentiments expressed reflect a community that feels valued and well-served by Todd-Wadena Electric Cooperative Inc., showcasing their commitment to providing quality service.
This AI summary has been generated from reviews found on Facebook.
Is Todd-Wadena Electric Cooperative Inc legitimate?
Todd-Wadena Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Todd-Wadena Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $592,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.toddwadena.coop
What is the mission statement of Todd-Wadena Electric Cooperative Inc?
Todd-Wadena Electric Cooperative Inc is dedicated to delivering reliable, safe, and affordable electricity to its members. The cooperative's mission goes beyond just providing utility services, as it values its members, safety, communication, employees, service, and equity sharing. Its vision is to add value to the members it serves. The cooperative offers various enhanced services including energy conservation and efficiency grants, rebates, free consultations, and an energy analysis service. It also provides a renewable wind energy option, safety education, a loan program, multiple payment options, a monthly newsletter, and an interactive website. The cooperative is actively involved in its community, donating funds to local organizations and supporting youth initiatives. In 2022, it distributed $26,000 to 14 local service groups through its 'Operation Round Up' program, and sponsored 4H shirts and a youth representative on the NRECA Youth Tour. In addition, it supported education by paying out uncashed capital credits checks worth $6,000.
Official website here: www.toddwadena.coop
Who is the CEO of Todd-Wadena Electric Cooperative Inc?
Lisa Graba-Meech is the Board Chair of Todd-Wadena Electric Cooperative Inc. The CEO's salary of Todd-Wadena Electric Cooperative Inc is $228,690 and their total compensation is $300,130.
Official website here: www.toddwadena.coop
What is the revenue of Todd-Wadena Electric Cooperative Inc?
Todd-Wadena Electric Cooperative Inc's revenue in 2022 was $22,509,338.
Official website here: www.toddwadena.coop
Who are the executives of Todd-Wadena Electric Cooperative Inc and what are their salaries?
The average compensation at Todd-Wadena Electric Cooperative Inc during 2022 was $20,418. There are 29 employees at Todd-Wadena Electric Cooperative Inc.
Here are 14 key members and their salaries (Todd-Wadena Electric Cooperative Inc's CEO's salary is $228,690 and their total compensation is $300,130):
- Compensation: $17,250
- Related: $0
- Other: $0
- Compensation: $13,375
- Related: $0
- Other: $0
- Compensation: $12,475
- Related: $0
- Other: $0
- Compensation: $13,525
- Related: $0
- Other: $0
- Compensation: $13,075
- Related: $0
- Other: $0
- Compensation: $12,325
- Related: $0
- Other: $0
- Compensation: $11,725
- Related: $0
- Other: $0
- Compensation: $228,690
- Related: $0
- Other: $71,440
- Compensation: $141,470
- Related: $0
- Other: $102,502
- Compensation: $177,091
- Related: $0
- Other: $137,415
- Compensation: $139,761
- Related: $0
- Other: $60,156
- Compensation: $122,978
- Related: $0
- Other: $66,930
- Compensation: $118,479
- Related: $0
- Other: $39,706
- Compensation: $132,494
- Related: $0
- Other: $34,999
Official website here: www.toddwadena.coop
Where can I find the form 990 for Todd-Wadena Electric Cooperative Inc?
Todd-Wadena Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.toddwadena.coop
Learn more at the official website: www.toddwadena.coop
Mission Statement of Todd-Wadena Electric Cooperative Inc
Todd-Wadena Electric Cooperative Inc is dedicated to delivering reliable, safe, and affordable electricity to its members. Leveraging a mission grounded in value, the cooperative strives to responsibly provide utility services to its community. Its core values include members, safety, communication, employees, service, and equity sharing.
Todd-Wadena Electric Cooperative Inc offers various enhanced services tailored to the needs of its 7,503 members. These include energy conservation and efficiency grants, rebates, free consultations, an energy analysis service, and the option for standalone generators. The cooperative also provides a renewable wind energy option, safety education, a loan program, multiple payment options, a monthly newsletter, and an interactive website. In addition, the organization contributes to the local community by donating funds to various groups and organizations, such as schools, community action programs, fire departments, city festivals, and senior centers.
The 'Operation Round Up' program, overseen by an independent board of directors, is a 501(C)(3) initiative funded entirely by Todd-Wadena's members. This program distributes funds to local community organizations, including food shelves, school groups, civic groups, senior centers, historical societies, fire and rescue departments, and more. In 2022, $26,000 was distributed to 14 local service groups through this program. Beyond financial support, Todd-Wadena Electric Cooperative Inc also contributes to youth development by sponsoring local initiatives, such as 4H projects and supporting a youth representative on the NRECA Youth Tour to Washington D.C. In 2022, the cooperative underwrote $5,600 for these initiatives. Overall, Todd-Wadena Electric Cooperative Inc's commitment to community programs is reflected in its sponsorships, employee time provided, and the significant impact it has on the lives of its members and the local community.
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Impact
October, 2024
Todd-Wadena Electric Cooperative Inc. plays a vital role in enhancing the quality of life for its 7,503 members in Wadena, Minnesota, by ensuring access to reliable, safe, and affordable electricity. In addition to its core offering of electric services, the cooperative provides a range of enhanced services designed to promote energy conservation and efficiency. Through grants, rebates, and free consultations, members receive support in managing their energy usage effectively.
The cooperative's commitment to the community is evident through its financial contributions, with approximately $9,505 donated to various local groups, including schools, fire departments, and community events. The "Operation Round Up" program, funded entirely by its members, has distributed $26,000 to 14 local service organizations in 2022 alone, helping to support food shelves, civic groups, and senior centers.
Todd-Wadena Electric Cooperative is also a strong advocate for youth development, underwriting $5,600 in support for local initiatives such as 4H programs and educational opportunities, including partially sponsoring a youth representative for the NRECA Youth Tour to Washington, D.C. Furthermore, the cooperative supports education by returning $6,000 in uncashed capital credits checks to benefit local educational initiatives.
The cooperative's active involvement in community sponsorships, amounting to $10,450, reflects its dedication to fostering a spirit of collaboration and assistance within the communities it serves. Through these myriad efforts, Todd-Wadena Electric Cooperative Inc. reinforces its mission to be of great value to its members while prioritizing safety, communication, and equitable service.
This information is meant to be a general summary of Todd-Wadena Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $69,277
- Program Service Revenue: $22,028,170
- Gross Receipts: $22,523,204
Assets and Liabilities:
- Total Assets: $62,043,419
- Total Liabilities: $36,678,073
- Net Assets: $25,365,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$22,028,170
Organization Details
Founding Year
1940
Phone
(218) 631-3120Principal Officer
Lisa Graba-Meech
Main Address
PO BOX 431, WADENA, MN, 56482
Website
www.toddwadena.coopNTEE Category
Code: W80 - Public benefit
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