M J M ELECTRIC COOPERATIVE INC (EIN 370394535) - 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

1939

Legal Domicile

Phone

2177076156

Tax Period

2024-01-01 to 2024-12-31

M J M ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $22.9M in total revenue in fiscal year 2024.

Mission

To safely provide reliable energy and related services to our members at the lowest cost.

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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 $22,721,884

Investment Income $-215

Other Revenue $215,802

TOTAL REVENUE $22,937,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,528

Fundraising Expenses $0

Program Expenses $0

Other Expenses $21,927,563

TOTAL EXPENSES $22,937,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,937,471	$22,964,060	0.0%
Expenses	$22,937,471	$22,964,060	0.0%
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

$20,925

Total Directors

$19,350

Key Employees

$331,253

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Randy Joe Heyen	President CEO	50.00	Key Emp	$195,659	$96,566	$292,225
Jeremy Pattillo	Director of Finance	43.00		$63,198	$16,626	$79,824
Adam Crowe	Line Foreman	45.00	Highest	$146,735	$35,539	$182,274
Matthew Waters	Line Foreman	45.00	Highest	$155,902	$24,120	$180,022
Douglass Eglehoff	Line Foreman	45.00	Highest	$130,209	$40,289	$170,498
Charles Lucykow	Line Foreman	45.00	Highest	$161,581	$42,848	$204,429
Jared Stanton	Line Foreman	45.00	Highest	$132,933	$31,079	$164,012
W Kay Schultz	Board Chairman	5.00	Officer	$6,300	$0	$6,300
Charles Huebener	Vice Chairman	5.00	Officer	$6,075	$0	$6,075
Robert Moore	Treasurer	3.00	Officer	$3,600	$0	$3,600
Marcie Tonsor	Secretary	3.00	Officer	$4,950	$0	$4,950
James Niemann	Director	3.00	Director	$3,600	$0	$3,600
Dwayne Milner	Director	3.00	Director	$2,700	$0	$2,700
Robert Lehmann	Director	3.00	Director	$3,375	$0	$3,375
Tyler Heyen	Director	3.00	Director	$3,375	$0	$3,375
Todd Stewart	Director	3.00	Director	$6,300	$0	$6,300
Brian Gunning	Director of Finance	43.00	Key Emp	$39,028	$0	$39,028

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	$22,937,471	$22,937,471	$69,939,203	No data
2023	$22,964,060	$22,964,060	$65,622,128	No data
2022	$22,406,705	$22,406,705	$62,951,279	No data
2022	$22,406,705	$22,406,705	$62,951,279	No data
2021	$20,636,262	$20,636,262	$60,033,059	No data
2021	$20,636,262	$20,636,262	$60,033,059	No data
2020	$20,851,003	$20,851,003	$58,924,125	No data
2019	$21,121,360	$21,121,360	$58,064,857	No data
2018	$21,464,440	$21,464,440	$52,521,041	No data

M J M ELECTRIC COOPERATIVE INC