LAKE COUNTRY POWER ELECTRIC TRUST

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

TRACY PETERSON WIRTANEN

Phone

8004219959

Tax Period

2024-01-01 to 2024-12-31

LAKE COUNTRY POWER ELECTRIC TRUST, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $234K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $226K left a modest 3% surplus.

Mission

THE PURPOSE OF THE TRUST SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES PRIMARILY IN THE AREAS SERVED BY LAKE COUNTRY POWER COOPERATIVE.

Program Service Accomplishments

Program 1

Expenses: $226,383

DONATIONS TO CHARITIES IN THE LAKE COUNTRY POWER ELECTRIC COOPERATIVE AREA FOR PURPOSE OF COMMUNITY SERVICE, EDUCATION & YOUTH, ENVIRONMENT AND EMERGENCY ENERGY ASSISTANCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $234,197

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $234,197

Expense Breakdown

Grants Paid $226,383

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $226,383

Other Expenses $0

TOTAL EXPENSES $226,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,197	$210,941	+0.1%
Expenses	$226,383	$211,413	+0.1%
Net Income	$7,814	$-472	-17.6%

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

N/A

Volunteers

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE ROSS	BOARD MEMBER (STARTED MAY 2024)	0.50	Director	$0	$0	$0
STEVE COUNCILMAN	BOARD MEMBER (STARTED MAY 2024)	0.50	Director	$0	$0	$0
KEYTH WALLIN	BOARD MEMBER (THROUGH JUNE 2024)	0.50	Director	$0	$0	$0
MARY JO STENSON	PRESIDENT	0.50	Officer Director	$0	$0	$0
TARRY EDINGTON	TREASURER	0.50	Officer Director	$0	$0	$0
RON SVATOS	BOARD MEMBER	0.50	Director	$0	$0	$0
KATIE HILDENBRAND	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
GENE RANDS	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY NELSON	SECRETARY	0.50	Officer Director	$0	$0	$0

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
2024	$234,197	$226,383	$43,846	$7,814
2023	$210,941	$211,413	$36,032	$-472
2022	$210,527	$212,940	$36,504	$-2,413
2021	$206,999	$218,306	$38,917	$-11,307