McDonough Power Cooperative Inc (EIN 370408325) - 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

Robert M Smith

Tax Period

2023-01-01 to 2023-12-31

McDonough Power Cooperative Inc, founded in 1938, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $11.9M in total revenue in fiscal year 2018.

Mission

McDonough Power Cooperative is a member-owned and locally controlled cooperative business whose mission is to provide high quality electric and related services in a safe, reliable and financially responsible manner for the betterment of the membership and the area it serves.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,742,530

Investment Income $19,085

Other Revenue $44,622

TOTAL REVENUE $12,806,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,159,419

Fundraising Expenses $0

Other Expenses $10,812,704

TOTAL EXPENSES $12,806,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,806,237	$12,205,957	+0.0%
Expenses	$12,806,237	$12,205,957	+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

$446,825

Total Directors

$40,089

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert M Smith	President & CEO	40.00	Officer	$176,825	$105,804	$282,629
Doug Bear	Line Superintendent	40.00	Highest	$117,263	$80,465	$197,728
Jamison Holthaus	Crew Foreman	44.00	Highest	$118,704	$45,718	$164,422
Tracy Camden	CFO	40.00	Officer	$128,108	$36,088	$164,196
Joseph Wernsman	Journeyman Lineman	45.00	Highest	$121,526	$34,252	$155,778
Clay Wiemerslage	Journeyman Lineman	46.00	Highest	$125,918	$28,660	$154,578
Steve Hall	Director	1.00	Director	$5,685	$0	$5,685
Jerry Riggins	Director	2.00	Director	$5,116	$0	$5,116
Walter Lewis	Director	2.00	Director	$5,099	$0	$5,099
Michael Cox	Director	1.00	Director	$5,023	$0	$5,023
David Lueck	Director	1.00	Director	$4,773	$0	$4,773
Jeffrey Moore	Director	1.00	Director	$4,199	$0	$4,199
Courtney Chandler	Director	1.00	Director	$3,800	$0	$3,800
Steven Lynn	Director	1.00	Director	$3,600	$0	$3,600
Robert Dwyer	Director	1.00	Director	$2,794	$0	$2,794

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	No data	No data	No data	No data
2023	$12,806,237	$12,806,237	$36,265,528	No data
2022	$12,205,957	$12,205,957	$34,272,689	No data
2021	$12,220,126	$12,220,126	$32,292,237	No data
2020	$11,525,492	$11,525,492	$31,341,652	No data
2019	$11,984,881	$11,984,881	$30,844,070	No data
2018	$11,867,248	$11,867,248	$29,266,371	No data

McDonough Power Cooperative Inc