Adams Electric Cooperative (EIN 370147965) - Form 990 Financial Analysis & Trantor Score

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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

1938

Legal Domicile

Principal Officer

James Thompson

Phone

2175937701

Tax Period

2025-01-01 to 2025-12-31

Adams Electric Cooperative, founded in 1938, is a mid-sized nonprofit that reported $30.9M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Provide electric service to over 8,900 members on a cooperative basis

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $30,861,536

Investment Income $42,831

Other Revenue $0

TOTAL REVENUE $30,904,367

Expense Breakdown

Grants Paid $0

Salaries & Benefits $558,300

Fundraising Expenses $0

Program Expenses $30,904,367

Other Expenses $27,824,138

TOTAL EXPENSES $30,904,367

Year-over-Year Comparison

	2025	2024	Change
Revenue	$30,904,367	$28,284,162	+0.1%
Expenses	$30,904,367	$28,284,162	+0.1%
Net Income	$0	$0	N/A

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

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

$572,649

Total Directors

$44,554

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Thompson	General Manager	44.00	Officer	$262,176	$114,579	$376,755
Chad Reische	Design/Const Super	40.00	Highest	$130,637	$43,626	$174,263
Alexander Mossman	Mgr Engineering & Ops	40.00	Highest	$126,993	$37,173	$164,166
Cole Wellman	Journeyman Lineman	44.00	Highest	$126,066	$23,273	$149,339
Austin Aschemann	Journeyman Lineman	44.00	Highest	$123,494	$24,582	$148,076
Brennan Caspermeyer	Line Foreman	42.00	Highest	$122,817	$24,209	$147,026
Tara Neisen	Mgr of Finance & Accountin	43.00	Officer	$114,856	$63,984	$178,840
Rebecca Barlow	Director	4.00	Director	$6,750	$0	$6,750
Glen Koch	Director	4.00	Director	$6,000	$0	$6,000
Eric Ewing	Director	4.00	Director	$6,000	$0	$6,000
James Ward	Treasurer	5.00	Officer Director	$5,125	$0	$5,125
Rex Niekamp	Director	4.00	Director	$5,000	$0	$5,000
Laura Meyer	President	3.00	Officer Director	$4,000	$0	$4,000
Kristina Farwell	Vice-President	2.00	Officer Director	$4,000	$0	$4,000
Thomas Travis	Secretary	7.00	Officer Director	$3,929	$0	$3,929
Brent Clair	Director	4.00	Director	$3,750	$0	$3,750

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	$30,904,367	$30,904,367	$74,234,971	No data
2024	$28,284,162	$28,284,162	$70,640,838	No data
2023	$28,115,186	$28,115,186	$68,418,571	No data
2022	$26,550,065	$26,550,065	$65,386,496	No data
2021	$24,960,832	$24,960,832	$61,998,273	No data
2020	$24,279,830	$24,279,830	$58,919,326	No data
2019	$25,451,083	$25,451,083	$58,009,563	No data
2018	$24,756,557	$24,756,557	$56,388,608	No data

Adams Electric Cooperative