CHERRYLAND ELECTRIC COOPERATIVE INC (EIN 380416525) - 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

MARK WILSON

Phone

2314869200

Tax Period

2023-01-01 to 2023-12-31

CHERRYLAND ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $59.8M in total revenue in fiscal year 2023.

Mission

ELECTRIC COOPERATIVE

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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 $56,539,884

Investment Income $3,064,993

Other Revenue $198,322

TOTAL REVENUE $59,803,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,775,129

Fundraising Expenses $0

Other Expenses $56,514,512

TOTAL EXPENSES $58,398,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$59,803,199	$62,035,173	0.0%
Expenses	$58,398,020	$59,726,647	0.0%
Net Income	$1,405,179	$2,308,526	-0.4%

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

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

$71,432

Total Directors

$121,307

Key Employees

$1,545,803

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA LAUTNER	DIRECTOR	14.00	Director	$16,850	$10	$16,860
TERRY LAUTNER	DIRECTOR	11.00	Director	$17,500	$10	$17,510
DEAN ADAMS	DIRECTOR	3.00	Director	$15,500	$5	$15,505
THOMAS VAN PELT	TREASURER	12.00	Officer Director	$17,000	$10	$17,010
DAVID SCHWEITZER	PRESIDENT	3.00	Officer Director	$18,650	$10	$18,660
GABRIEL TS SCHNEIDER	SENIOR VICE PRESIDENT	10.00	Officer Director	$17,150	$10	$17,160
VALARIE HANDY	SECRETARY	4.00	Officer Director	$18,600	$2	$18,602
ANTHONY ANDERSON	FORMER GENERAL MANAGER	30.00	Key Emp	$324,668	$162,037	$486,705
MARK WILSON	CFO	50.00	Key Emp	$177,149	$68,878	$246,027
FRANK SIEPKER	COO	50.00	Key Emp	$196,849	$367,172	$564,021
RACHEL JOHNSON	CEO	50.00	Key Emp	$199,580	$49,470	$249,050
DAVID BOTT	CREW FOREMAN	50.00	Highest	$163,923	$36,949	$200,872
BRUCE STOCKING	CREW FOREMAN	50.00	Highest	$148,266	$56,355	$204,621
CHADWICK CORDNER	LINEMAN	50.00	Highest	$158,458	$28,375	$186,833
JEFFREY BUTCHER	LINEMAN	50.00	Highest	$160,453	$20,389	$180,842
NICHOLAS NEWELL	LINEMAN	50.00	Highest	$149,663	$28,736	$178,399

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	$59,803,199	$58,398,020	$145,405,666	$1,405,179
2022	$62,035,173	$59,726,647	$135,639,535	$2,308,526
2021	$58,700,620	$56,668,877	$128,512,414	$2,031,743
2020	$55,779,369	$54,502,598	$124,589,351	$1,276,771
2019	$55,857,474	$53,911,155	$125,981,658	$1,946,319
2018	$54,464,304	$53,207,470	$119,157,927	$1,256,834

CHERRYLAND ELECTRIC COOPERATIVE INC