Clinton County Electric Cooperativ… - Form 990 Financial Data

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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

1939

Legal Domicile

Principal Officer

Robert J Kroeger

Phone

6185267282

Tax Period

2024-01-01 to 2024-12-31

Clinton County Electric Cooperative Inc, founded in 1939, is a mid-sized nonprofit that reported $19.0M in total revenue in fiscal year 2024.

Mission

CCECI exists to enhance the quality of life for our members. Our primary goal is to provide superior customer service. Our focus is on our core business - distribution of highest quality electric service.

Program Service Accomplishments

Program 1

Clinton County Electric Cooperative provides quality electric service to 6,259 accounts serving 5,170 member-consumers along 1,067 miles of energized line in the rural areas of our service territory.

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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 $0

Program Service Revenue $18,440,876

Investment Income $552,792

Other Revenue $-30,112

TOTAL REVENUE $18,963,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $562,860

Fundraising Expenses $0

Other Expenses $17,405,075

TOTAL EXPENSES $19,070,287

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,963,556	$18,404,256	+0.0%
Expenses	$19,070,287	$18,307,899	+0.0%
Net Income	$-106,731	$96,357	-2.1%

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

$536,060

Total Directors

$45,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J KROEGER	PresidentCOO	43.00	Officer	$150,432	$156,065	$306,497
RALPH J KUHL	Manager of Admin Svc	42.00	Officer	$121,057	$89,506	$210,563
MICHAEL M FAUST	Foreman Lineman	46.00	Highest	$160,960	$36,478	$197,438
CRAIG R BENHOFF	Foreman Lineman	46.00	Highest	$158,827	$26,885	$185,712
KYLE R WIEGMANN	Journeyman Lineman	46.00	Highest	$149,284	$6,508	$155,792
JUSTIN A HUBERT	Journeyman Lineman	46.00	Highest	$149,075	$6,590	$155,665
JACOB A HASELHORST	Journeyman Lineman	44.00	Highest	$138,871	$7,004	$145,875
RODNEY S TIMMERMANN	Trustee	4.00	Director	$6,800	$0	$6,800
JOSEPH A VOSS	Trustee	3.00	Director	$5,800	$0	$5,800
ROBERT C GERSTENECKER	Chairman	5.00	Officer Director	$5,400	$0	$5,400
KEVIN WIEGMANN	SecretaryTreasurer	4.00	Officer Director	$5,200	$0	$5,200
JOHN BECKER	Trustee	2.00	Director	$5,200	$0	$5,200
CARY DICKINSON	Trustee	2.00	Director	$4,600	$0	$4,600
STEPHEN F KALMER	Vice Chairman	3.00	Officer Director	$4,600	$0	$4,600
KEVIN G KAMPWERTH	Trustee	4.00	Director	$4,400	$0	$4,400
TIMOTHY D HANKE	Trustee	2.00	Officer Director	$3,800	$0	$3,800

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	$18,963,556	$19,070,287	$38,958,128	$-106,731
2023	$18,404,256	$18,307,899	$37,641,360	$96,357
2022	$17,975,293	$17,938,416	$36,756,793	$36,877
2021	$16,814,895	$17,115,254	$36,047,909	$-300,359
2020	$17,090,394	$17,020,712	$35,523,081	$69,682

Clinton County Electric Cooperative Inc