BAYFIELD ELECTRIC COOPERATIVE (EIN 390154234) - 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

1940

Legal Domicile

Principal Officer

Sara Anderspm

Phone

7153724287

Tax Period

2025-01-01 to 2025-12-31

BAYFIELD ELECTRIC COOPERATIVE, founded in 1940, is a mid-sized nonprofit that reported $16.1M in total revenue in fiscal year 2025. Expenses of $15.4M left a modest 4% surplus.

Mission

Electric Energy Distribution

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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 $15,610,031

Investment Income $16,720

Other Revenue $458,208

TOTAL REVENUE $16,084,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,183,746

Fundraising Expenses $0

Program Expenses $15,448,919

Other Expenses $11,833,523

TOTAL EXPENSES $15,448,919

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,084,959	$15,481,680	+0.0%
Expenses	$15,448,919	$15,168,020	+0.0%
Net Income	$636,040	$313,660	+1.0%

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

$567,100

Total Directors

$63,150

Key Employees

$343,277

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher Kopel	CEO	40	Officer Key Emp Highest	$249,848	$93,429	$343,277
Robert Lahti	Operations Manager	40	Highest	$135,753	$64,151	$199,904
Sara Anderson	CFO	40	Officer Highest	$135,077	$64,046	$199,123
Amanda Kavajecz	Biling Specialist	51.75	Highest	$127,215	$50,313	$177,528
Matthew Tarasewicz	Lineman	46.59	Highest	$128,167	$31,914	$160,081
Braden Stegmann	Lineman	51.26	Highest	$141,705	$16,590	$158,295
Troy Seeger	Line Foreman	46.07	Highest	$136,250	$20,263	$156,513
Mark Santikko	President	5.81	Officer Director	$9,300	$0	$9,300
Curtis Berweger	Secretary/Treasurer	4.29	Officer Director	$7,700	$0	$7,700
Russell Bailey	Vice President	4.96	Officer Director	$7,700	$0	$7,700
James Kinzie	Director	5.38	Director	$7,450	$0	$7,450
Barry Radloff	Director	4.17	Director	$7,450	$0	$7,450
Carl Schutte	Director	4.58	Director	$7,450	$0	$7,450
Roy Settgas	Director	3.31	Director	$5,950	$0	$5,950
Michael Neslon	Director	2.62	Director	$5,200	$0	$5,200
Robert Kretzschmar	Director	2.52	Director	$4,950	$0	$4,950

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	$16,084,959	$15,448,919	$39,921,769	$636,040
2024	No data	No data	No data	No data
2023	$15,276,420	$14,799,335	$41,601,216	$477,085
2022	$15,614,627	$15,617,494	$40,635,209	$-2,867
2021	$14,541,507	$14,404,913	$40,468,234	$136,594
2020	$14,848,541	$14,783,168	$41,394,369	$65,373

BAYFIELD ELECTRIC COOPERATIVE