Western Illinois Electrical Coop (EIN 370580852) - 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

Michael Todd Grotts

Phone

2173573125

Tax Period

2024-01-01 to 2024-12-31

Western Illinois Electrical Coop, founded in 1938, is a mid-sized nonprofit that reported $11.4M in total revenue in fiscal year 2024.

Mission

We are committed to give our member-owners the most reliable, cost-effective electric energy services possible.

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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 $11,171,639

Investment Income $127,886

Other Revenue $72,249

TOTAL REVENUE $11,371,774

Expense Breakdown

Grants Paid $0

Salaries & Benefits $991,327

Fundraising Expenses $0

Other Expenses $9,458,264

TOTAL EXPENSES $11,371,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,371,774	$11,199,774	+0.0%
Expenses	$11,371,774	$11,199,774	+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

$337,583

Total Directors

$9,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Todd Grotts	Manager	40.00	Officer	$157,608	$51,786	$209,394
Andrew J Lafeber	Crew Foreman	40.00	Highest	$126,804	$43,433	$170,237
Eric Albert Johnson	Line Foreman	40.00	Highest	$121,722	$42,387	$164,109
Cody L Grainger	Area Service Technician	40.00	Highest	$128,040	$34,080	$162,120
Kyle Tanner	Apprentice Lineworker	40.00	Highest	$124,928	$22,750	$147,678
Wendi Renea Whitaker	Finance and Accounting Manager	40.00	Officer	$92,664	$35,525	$128,189
Mark Burling	Director	2.00	Director	$1,900	$0	$1,900
Janet Spory	Director	2.00	Director	$1,900	$0	$1,900
Jay Morrison	Director	2.00	Director	$1,700	$0	$1,700
Dustin Walker	Director	1.00	Director	$1,100	$0	$1,100
Stephen Patrick	Director	1.00	Director	$1,100	$0	$1,100
Kim Gullberg	Director	1.00	Director	$1,000	$0	$1,000
Landon Guymon	Director	1.00	Director	$900	$0	$900

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	$11,371,774	$11,371,774	$27,007,002	No data
2023	$11,199,774	$11,199,774	$27,450,583	No data
2022	$10,459,583	$10,459,583	$25,552,342	No data
2021	$9,998,239	$9,998,239	$25,735,291	No data
2020	$10,160,373	$10,160,373	$25,812,667	No data
2019	$10,040,968	$10,040,968	$25,214,213	No data
2018	$10,031,864	$10,031,864	$25,250,708	No data

Western Illinois Electrical Coop