Civic Intelligence

Midwest Energy Association

EIN 41-0855255 • 501(c)6 • Bloomington, MN

Profile

To empower the energy industry through education, leadership development, and industry connections.

7825 Telegraph RdBloomington, MN 55438

www.midwestenergy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.26x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.40x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

5th percentile

-32%

Higher net margin than 5% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-16%

Faster revenue growth than 8% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$9,043,397

Down $1,774,181 (-16%) from 2023

Liabilities

Down

$2,306,889

Down $26,865 (-1.2%) from 2023

Net Assets

Down

$6,736,508

Down $1,747,316 (-21%) from 2023

Revenue

Down

$5,774,791

Down $1,099,827 (-16%) from 2023

Expenses

Up

$7,638,617

Up $718,470 (+10%) from 2023

Net Income

Down

-$1,863,826

Down $1,818,297 (-3994%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $4,361,554Liabilities 2011: $1,159,975Net Assets 2011: $3,201,5792011Assets 2012: $4,255,390Liabilities 2012: $612,131Net Assets 2012: $3,643,2592012Assets 2013: $5,303,357Liabilities 2013: $1,325,953Net Assets 2013: $3,977,4042013Assets 2014: $6,174,600Liabilities 2014: $1,412,025Net Assets 2014: $4,762,5752014Assets 2015: $6,206,555Liabilities 2015: $1,299,221Net Assets 2015: $4,907,3342015Assets 2016: $6,407,749Liabilities 2016: $1,212,565Net Assets 2016: $5,195,1842016Assets 2017: $6,604,609Liabilities 2017: $1,147,851Net Assets 2017: $5,456,7582017Assets 2018: $7,199,013Liabilities 2018: $1,565,210Net Assets 2018: $5,633,8032018Assets 2019: $7,584,773Liabilities 2019: $1,561,927Net Assets 2019: $6,022,8462019Assets 2020: $9,471,920Liabilities 2020: $3,408,995Net Assets 2020: $6,062,9252020Assets 2021: $11,233,346Liabilities 2021: $3,058,132Net Assets 2021: $8,175,2142021Assets 2022: $11,082,322Liabilities 2022: $2,933,957Net Assets 2022: $8,148,3652022Assets 2023: $10,817,578Liabilities 2023: $2,333,754Net Assets 2023: $8,483,8242023Assets 2024: $9,043,397Liabilities 2024: $2,306,889Net Assets 2024: $6,736,5082024

Highlighted filing

2024

Assets$9,043,397
Liabilities$2,306,889
Net Assets$6,736,508

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $3,363,8412011Expenses 2012: $3,668,2872012Revenue 2013: $4,066,014Expenses 2013: $3,782,090Net Income 2013: $283,9242013Revenue 2014: $5,030,299Expenses 2014: $4,281,155Net Income 2014: $749,1442014Revenue 2015: $4,920,497Expenses 2015: $4,749,116Net Income 2015: $171,3812015Revenue 2016: $5,193,783Expenses 2016: $4,942,162Net Income 2016: $251,6212016Revenue 2017: $5,884,532Expenses 2017: $5,728,367Net Income 2017: $156,1652017Revenue 2018: $6,170,721Expenses 2018: $5,824,374Net Income 2018: $346,3472018Revenue 2019: $6,173,418Expenses 2019: $6,448,271Net Income 2019: -$274,8532019Revenue 2020: $4,144,878Expenses 2020: $4,265,050Net Income 2020: -$120,1722020Revenue 2021: $6,357,097Expenses 2021: $4,416,372Net Income 2021: $1,940,7252021Revenue 2022: $6,986,236Expenses 2022: $5,793,748Net Income 2022: $1,192,4882022Revenue 2023: $6,874,618Expenses 2023: $6,920,147Net Income 2023: -$45,5292023Revenue 2024: $5,774,791Expenses 2024: $7,638,617Net Income 2024: -$1,863,8262024

Highlighted filing

2024

Revenue$5,774,791
Expenses$7,638,617
Net Income-$1,863,826

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.04$2.31$6.74$5.77$7.64$1.86
2023Detailed filing. Detailed filing data is available for this year.$10.8$2.33$8.48$6.87$6.92$0.05
2022Detailed filing. Detailed filing data is available for this year.$11.1$2.93$8.15$6.99$5.79$1.19
2021Detailed filing. Detailed filing data is available for this year.$11.2$3.06$8.18$6.36$4.42$1.94
2020Detailed filing. Detailed filing data is available for this year.$9.47$3.41$6.06$4.14$4.27$0.12
2019Detailed filing. Detailed filing data is available for this year.$7.58$1.56$6.02$6.17$6.45$0.27
2018Detailed filing. Detailed filing data is available for this year.$7.20$1.57$5.63$6.17$5.82$0.35
2017Detailed filing. Detailed filing data is available for this year.$6.60$1.15$5.46$5.88$5.73$0.16
2016Detailed filing. Detailed filing data is available for this year.$6.41$1.21$5.20$5.19$4.94$0.25
2015Detailed filing. Detailed filing data is available for this year.$6.21$1.30$4.91$4.92$4.75$0.17
2014Detailed filing. Detailed filing data is available for this year.$6.17$1.41$4.76$5.03$4.28$0.75
2013Detailed filing. Detailed filing data is available for this year.$5.30$1.33$3.98$4.07$3.78$0.28
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$0.61$3.64$3.67
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.36$1.16$3.20$3.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$5,836,216
Mission and Program Overview

Mission

To make utility distribution safer and more efficient.

To empower the energy industry through education, leadership development, and industry connections.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,592,620$4,869,976▲ $277,356
Land, Buildings, and Equipment, Net$2,762,296$3,332,495▲ $570,199
Prepaid Expenses and Deferred Charges$412,026$391,493▼ $20,533
Savings and Temporary Cash Investments$2,121,090$221,912▼ $1,899,178
Accounts Receivable$151,621$204,413▲ $52,792
Cash and Non-Interest-Bearing Accounts$777,925$23,108▼ $754,817
Total Assets$10,817,578$9,043,397▼ $1,774,181
Liabilities
Deferred Revenue$1,626,575$1,581,976▼ $44,599
Accounts Payable and Accrued Expenses$703,188$720,539▲ $17,351
Other Liabilities$3,991$4,374▲ $383
Total Liabilities$2,333,754$2,306,889▼ $26,865
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,483,824$6,736,508▼ $1,747,316
Total Net Assets Fund Balance$8,483,824$6,736,508▼ $1,747,316
Total Liabilities and Net Assets / Fund Balance$10,817,578$9,043,397▼ $1,774,181

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,217,285$59,335$2,276,620
Buildings$412,283$132,970$545,253
Land$535,067-$535,067
Leasehold Improvements$167,860$47,258$215,118
Equipment$0$45,067$45,067
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larson LeighPresident / SecretaryFT$224,381$85,519$309,900
Gaffaney KyleChief Financial OfficerFT$168,572$66,125$234,697
Gann JohnMembership and Marketing Sr. VPFT$130,111$47,848$177,959
Bonine StaceyProgram Services VPFT$122,573$50,344$172,917
Vita MartyProduct Management and Support VPFT$121,193$44,657$165,850
Shannon ChadMembership Services DirectorFT$123,685$19,808$143,493
Szambelan DeanMulti-media Technology ManagerFT$116,106$19,928$136,034
Robertson LindsayMarketing & Communications DirectorFT$117,745$17,419$135,164
Blow ChrystalElearning Developer SpecialistFT$110,301$20,285$130,586
Murray LarryCompliance DirectorFT$121,194$7,719$128,913

Board Members and Trustees

NameTitle
Ashton WesChair
Lorenz JimPast Chair
Asiyanbi Rich1st Vice Chair
Martuscelli Eric2nd Vice Chair
Allen ChuckDirector
Arana SalvadorDirector
Beatty MikeDirector
Cheatham ArthurDirector
Esparza LanceDirector
Farlinger MayDirector
Frieh CarlaDirector
Hasan Bey KarimaDirector
Hastings TedDirector
Inman ErinDirector
Johnson KeithDirector
Kelley JackDirector
Nelson MikeDirector
Scacco DonDirector
Shellberg ChrisDirector
Steber BradDirector
Berger AliciaExecutive Committee Delegate
Conder NancyExecutive Committee Delegate
Karolewski StevenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Stellar It Solutions INCSoftware Developer9210 CORPORATE BLVD SUITE 390, Rockville, MD 20850$1,145,555
Infor (us) INCEnergyu ProviderNW 7418 PO BOX 1450, Minneapolis, MN 55485-7418$467,360
Sheraton New Orleans HotelConference Host500 CANAL ST, New Orleans, LA 70130$348,323
Crowne Plaza SpringfieldConference Host3000 SOUTH DIRKSEN PARKWAY, Springfield, IL 62703$130,754
Robert Half TechnologyTemporary Staffing800 NICOLLET MALL 2700, Minneapolis, MN 55402$129,905
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,580,332
Investment Income
$194,459
Other Revenue
$0
Change in Net Assets
$-1,863,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,750,792
Revenue Not Reported on Financial Statements
$23,999
Revenue Not Reported on Form 990
$116,510
Total Revenue per Audited Statements
$5,867,302
Total Revenue per Form 990
$5,774,791
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,197,654
Salaries, Compensation, and Employee Benefits$3,440,963
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,834,329
Conferences and Meetings---$1,135,184
Current Officers, Directors, Trustees, and Key Employees---$1,061,323
Other Employee Benefits---$251,821
Advertising---$240,247
All Other Expenses---$236,095
Payroll Taxes---$202,959
Other Expenses---$149,441
Fees for Services Other---$141,501
Pension Plan Contributions---$90,531
Information Technology---$72,491
Office Expenses---$72,014
Occupancy---$56,588
Depreciation Depletion---$56,072
Fees for Services Legal---$51,944
Fees for Services Accounting---$50,483
Travel---$37,350
Insurance---$31,414
Fees for Service Investment Mgmnt Fees---$23,999
Total Functional Expenses$0$0$0$7,638,617

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,638,617
Expenses per Audited Statements$7,614,618
Total Expenses per Audited Statements$7,614,618
Expenses Not Reported on Financial Statements$23,999
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Compensation Payable$4,374
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

All members are in the governing body and consists of the chair, 1st and 2nd chair-elects, treasurer and two board members at large. They can act on behalf of the board between board meetings.

Form 990, Part VI, Section A, Line 6

Article iv | membership section 1 (classifications) the membership of mea consists of company members and individual members. Company members are those entered in the name of a company, corporation, partnership, individually operated concern, academic or not-for-profit organization. Individual memberships are those entered in the name of an individual. Individual members must be employed by or retired from a company member. Section 2 (company memberships) the following types of organizations are eligible for membership in mea as company members: a.distribution company any organization engaged in sales or distribution to the public end user of natural, manufactured or liquefied petroleum or mixed gases or electricity. B.transmission company any organization engaged in transporting gas or electricity for ultimate local distribution or direct industrial use. C.associate company any organization which manufactures or distributes equipment or apparatus pertinent to the gas, propane or electric industry, or others not eligible for other company membership classifications who are closely associated with and regularly render service to the gas, propane or electric industry in mea's area, such as consultants. D.contractor company any organization, which provides labor, services to the industry, including, but not limited to installing pipelines, electrical lines; providing location services; maintenance and repair services. E.energy marketer any organization that acts as principal or agent in arranging for the sale and purchase of natural gas, propane or electricity between the producer as seller and a distribution company or end user as a buyer. It may also extend to assisting the principals with the transportation arrangements, as well as other aspects of the transactions such as storage services. F.energy producer any organization that is engaged in production, gathering, and sale of natural gas, propane or electricity in interstate and/or intrastate commerce, but is not engaged in the transmission or distribution of energy. G.academic, not-for-profit or other organization any organization that is engaged in providing informational, educational, best practices, or other services consistent with the purposes of mea. Section 3 (individual memberships) individual members do not have voting privileges within mea, except for those designated by their employer (company member) as the official company delegate (ocd). Each individual member pays annual dues unless otherwise noted. The following individuals are eligible for mea individual membership: a.company member employees: employees must be individual owners, officers or employees of distribution, energy marketer, energy producer, associate, contractor, transmission or academic, not-for-profit or other organization member. B.retired company member employee: any person who has retired as an employee of a company member. C.educational members: instructors, teachers or students in educational institutions who, through research or otherwise, are interested in the advancement of the energy industry and are not engaged in providing consulting services. D.honorary members: honorary members are individual members who, by reason of accomplishment and service to the energy industry are so designated by the mea board of directors. The association's chairman of the board automatically becomes an mea honorary member at the conclusion of his term of office. Honorary members are not required to pay dues and may have their meeting registration fees waived for specific meetings. E.official company delegates (ocd), one per company member, are automatically designated individual members and are not required to pay dues. F.committee leadership members: persons serving as volunteer leaders within mea automatically become individual members in the year their term of service begins and are not required to pay dues.

Form 990, Part VI, Section A, Line 7A

The members of the organization annually elect the board of directors.

Form 990, Part VI, Section B, Line 11B

The form 990 is made available to the executive and finance committee prior to filing.

Form 990, Part VI, Section B, Line 12C

The staff are covered by a conflict of interest statement in the employee handbook that is provided to them upon hire or when revised. We also have a formal conflict of interest policy at the board level. Mea staff review conflicts disclosed, if any, and share those with the board if applicable. If a conflict is determined to exist that person is excluded from voting on the matter and that is noted in the minutes.

Form 990, Part VI, Section B, Line 15

The compensation for the president & ceo is determined by a committee of the board of directors, which utilizes association salary benchmark reports to set the appropriate salary. Similarly, the president & ceo establishes the compensation for mea's executives, also relying on association salary benchmark reports to guide the determination of their salaries.

Form 990, Part VI, Section C, Line 19

Copies of organizational documents, policy statements, and financial statements are provided to the public upon request made in writing to our office.

Filing and Contact Details

Filer

Filer Name
Midwest Energy Association
EIN
41-0855255
Phone
6512899600
Address
7825 TELEGRAPH RD, BLOOMINGTON, MN 55438

Signing Officer

Name
Leigh a Larson
Title
President/secretary
Phone
6512899600
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leigh a Larson
Formed
1905
Legal Domicile
Mn
Voting Board Members
24
Independent Board Members
23
Employees
26
Volunteers
250

Preparer

Firm
Cliftonlarsonallen Llp
Address
220 S 6TH STREET SUITE 300, MINNEAPOLIS, MN 55402
Preparer
Ann Neil
Phone
6123764500
Supplemental Narrative

Additional Explanations

Form 990, Part XII

The organization's financial statements for the year ended december 31, 2024 are currently undergoing an independent audit. At the time of filing this form 990, the audit had not yet been completed. The organization expects the audit to be finalized and the audited financial statements to be available upon completion.

Financial Statement Notes

PART X, LINE 2:

The association is exempt from federal income tax under section 501(c)(6) of the internal revenue code (irc). The association is exempt under a similar section of minnesota statutes. While the association is generally exempt from income taxes, it is subject to taxes on unrelated trade or business income. The association incurred no income taxes on unrelated business income for the year ended december 31, 2024.

Raw XML AppendixShowing 400 of 682 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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