ADAMS-COLUMBIA ELECTRIC COOPERATIVE (EIN 390121840) - 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

1987

Legal Domicile

Principal Officer

JON CONGDON

Phone

6083393346

Tax Period

2025-01-01 to 2025-12-31

ADAMS-COLUMBIA ELECTRIC COOPERATIVE, founded in 1987, is a mid-sized nonprofit that reported $94.0M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO SUPPLY ELECTRICITY TO ITS MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $89,323,678

Investment Income $3,308,988

Other Revenue $1,340,180

TOTAL REVENUE $93,972,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,862

Fundraising Expenses $0

Other Expenses $80,469,042

TOTAL EXPENSES $93,763,153

Year-over-Year Comparison

	2025	2024	Change
Revenue	$93,972,846	$85,047,672	+0.1%
Expenses	$93,763,153	$84,830,624	+0.1%
Net Income	$209,693	$217,048	0.0%

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

$657,034

Total Directors

$67,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON CONGDON	GENERAL MANA	43.00	Officer	$266,318	$131,594	$397,912
JOSHUA BERGER	OPER & ENGR	46.00	Highest	$178,914	$65,544	$244,458
WILLIAM KEARNS	JOURNEYMAN L	48.00	Highest	$144,193	$80,113	$224,306
MINDY KERSKA	MEM SVCS/TRA	41.00	Highest	$161,758	$56,736	$218,494
ELIZABETH HENDRICKSEN	CFO	43.00	Officer	$164,288	$54,109	$218,397
DUANE MOORE	OPERATIONS S	44.00	Highest	$143,203	$54,244	$197,447
JASON HOOKER	JOURNEYMAN L	48.00	Highest	$147,117	$31,047	$178,164
KENDAL NICHOLS	EX DIRECTOR	N/A		$31,891	$19,349	$51,240
MARJORIE COLBY	EX DIRECTOR	N/A		$17,457	$5,839	$23,296
GARY SKOLARZ	DIRECTOR - S	4.10	Officer Director	$12,375	$0	$12,375
DEREK ALEXANDER	DIRECTOR	4.80	Director	$10,575	$0	$10,575
JON EBERT	DIRECTOR	4.30	Director	$10,275	$0	$10,275
RENEE WENDT	VICE CHAIR	3.00	Officer Director	$10,050	$0	$10,050
AARON HOERNKE	DIRECTOR - C	3.10	Officer Director	$9,975	$0	$9,975
ADAM JONES	DIRECTOR - T	3.10	Officer Director	$8,325	$0	$8,325
AARON BONNETT	DIRECTOR	1.50	Director	$6,375	$0	$6,375

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
2025	$93,972,846	$93,763,153	$269,845,427	$209,693
2024	$85,047,672	$84,830,624	$261,819,626	$217,048
2023	$86,231,995	$86,095,341	$255,167,724	$136,654
2022	$91,789,305	$91,638,180	$247,710,585	$151,125
2021	$77,428,375	$74,427,444	$247,246,792	$3,000,931
2020	$72,859,526	$71,467,980	$244,964,597	$1,391,546
2019	$72,066,327	$70,848,800	$235,969,782	$1,217,527
2018	$72,914,501	$72,914,501	$234,841,788	No data
2018	$72,914,501	$71,394,954	$234,841,788	$1,519,547

ADAMS-COLUMBIA ELECTRIC COOPERATIVE