Corn Belt Energy Corporation (EIN 370228808) - 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

Don Taylor

Phone

3096625330

Tax Period

2024-01-01 to 2024-12-31

Corn Belt Energy Corporation, founded in 1938, is a mid-sized nonprofit that reported $88.3M in total revenue in fiscal year 2024.

Mission

To enhance the quality of life of our members and support the communities we serve by cooperatively providing reasonably priced energy with exceptional service.

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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 $87,349,265

Investment Income $828,535

Other Revenue $72,729

TOTAL REVENUE $88,250,529

Expense Breakdown

Grants Paid $14,750

Salaries & Benefits $2,868,873

Fundraising Expenses $0

Other Expenses $80,027,396

TOTAL EXPENSES $88,250,529

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,250,529	$91,331,713	0.0%
Expenses	$88,250,529	$91,331,713	0.0%
Net Income	$0	N/A	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

$924,967

Total Directors

$207,450

Key Employees

$608,275

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Don Taylor	President	50.00	Officer	$519,416	$149,564	$668,980
Ryan Campbell	VP Electric Distribtuion	50.00	Key Emp	$216,250	$118,853	$335,103
Leonard Joe Priestley	VP Utility Services	50.00	Key Emp	$208,453	$64,719	$273,172
Greg Yakle	Manager of Engineering	50.00	Highest	$180,204	$81,255	$261,459
Lynn Oleson	Dir of Accounting & Finance	56.00	Officer	$151,383	$104,604	$255,987
Brian Felker	Construction Foreman	57.00	Highest	$209,878	$45,546	$255,424
Chris Burnett	Journeyman	52.00	Highest	$174,899	$39,107	$214,006
Mike Conway	Area Serviceman	50.00	Highest	$160,405	$43,974	$204,379
Whitney Lee Shanholtz	Area Serviceman	50.00	Highest	$162,390	$30,523	$192,913
Rae Payne	Chairman of the Board	7.33	Director	$29,100	$0	$29,100
Jerry Starkey	Director	7.34	Director	$23,950	$0	$23,950
Peter Borowski	Secretary-Treasurer	5.36	Director	$20,550	$0	$20,550
Dennis Fredrickson	Vice Chairman	7.30	Director	$19,950	$0	$19,950
Barbara Metzger	Director	7.65	Director	$18,900	$0	$18,900
Beth Beachy	Director	4.08	Director	$18,650	$0	$18,650
Kay Werts	Director	8.54	Director	$18,450	$0	$18,450
Janice Reimer	Assist Sec-Treasurer	5.32	Director	$18,300	$0	$18,300
Denise Mayes	Director	3.52	Director	$14,250	$0	$14,250
Terry Longman	Director	3.61	Director	$12,750	$0	$12,750
Frank Koblisek	Director	3.62	Director	$12,600	$0	$12,600

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	$88,250,529	$88,250,529	$240,916,473	No data
2023	$91,331,713	$91,331,713	$224,077,494	No data
2022	$84,053,489	$84,053,489	$222,517,545	No data
2021	$84,317,914	$82,037,514	$225,280,163	$2,280,400
2020	$80,848,248	$80,848,248	$225,445,470	No data
2019	$82,444,859	$82,444,859	$212,494,414	No data
2018	$84,666,168	$84,664,564	$210,271,203	$1,604

Corn Belt Energy Corporation