EAST DAKOTA EDUCATIONAL COOPERATIVE (EIN 061209235) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

RENEE ULLOM

Phone

6053677680

Tax Period

2024-07-01 to 2025-06-30

EAST DAKOTA EDUCATIONAL COOPERATIVE, founded in 1989, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2017. Revenue decreased 17% compared to the prior year. Expenses of $2.6M left a modest 12% surplus.

Mission

EDUCATIONAL SERVICES

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,725,915

Program Service Revenue $7,941,318

Investment Income $4,479

Other Revenue $0

TOTAL REVENUE $10,671,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,874,012

Fundraising Expenses $0

Program Expenses $9,754,405

Other Expenses $2,741,548

TOTAL EXPENSES $10,615,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,671,712	$9,715,284	+0.1%
Expenses	$10,615,560	$9,337,533	+0.1%
Net Income	$56,152	$377,751	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

131

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$115,083

Key Employees

$177,231

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE ULLOM	PRESIDENT	4.00	Officer Director	$0	$0	$0
GORDON SWEETER	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
ALEXIA KLINKHAMMER	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT SANDAL	VICE PRESIDENT	2.00	Director	$0	$0	$0
JOAN FREVIK	DIRECTOR	40.00	Director Key Emp	$115,083	$0	$115,083
DAVID VANDER GRIFT	BUSINESS MANAGER	40.00	Key Emp	$62,148	$0	$62,148

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$10,671,712	$10,615,560	$4,697,752	$56,152
2024	No data	No data	No data	No data
2023	$7,807,370	$7,522,702	$4,495,602	$284,668
2022	$6,544,285	$6,338,446	$5,426,642	$205,839
2021	$4,710,433	$5,327,821	$3,183,055	$-617,388
2020	$3,236,683	$3,676,534	$2,721,346	$-439,851
2019	$3,042,822	$3,135,125	$3,125,621	$-92,303
2018	$2,978,239	$2,624,809	$3,247,738	$353,430

EAST DAKOTA EDUCATIONAL COOPERATIVE