CHIPPEWA VALLEY ELECTRIC COOPERATIVE

EIN: 390207312

CORNELL, WI

Total Revenue
$17,120,097
Total Expenses
$17,034,652
Total Assets
$50,869,408
Net Assets
$24,343,243
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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
WI
Principal Officer
RUSS FALKENBERG
Phone
7152396800
Tax Period
2024-01-01 to 2024-12-31

CHIPPEWA VALLEY ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $17.1M in total revenue in fiscal year 2024.

Mission

SUPPLYING 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,636,948
Investment Income $179,392
Other Revenue $303,757
TOTAL REVENUE $17,120,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $290,482
Fundraising Expenses $0
Other Expenses $15,990,589
TOTAL EXPENSES $17,034,652

Year-over-Year Comparison

2024 2023 Change
Revenue $17,120,097 $17,168,399 0.0%
Expenses $17,034,652 $16,962,564 +0.0%
Net Income $85,445 $205,835 -0.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
28
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
1
$236,010
Total Directors
8
$81,929
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSS FALKENBERG PRES/CEO 45.00
Officer
$147,910 $85,850 $236,010
NICOLAS ALBERSON OPERATIONS M 45.00
Highest
$132,694 $38,253 $173,347
DANIEL FERRIS LINEMAN 43.84
Highest
$118,562 $48,116 $166,678
GREGORY OLMSTEAD LINEMAN 45.18
Highest
$121,583 $39,153 $160,736
TYLER JONES LINEMAN 46.02
Highest
$127,918 $31,792 $159,710
EDWARD ROSSETER LINEMAN 44.15
Highest
$124,659 $7,366 $132,025
KEVIN MEISTAD VICE-CHAIRMA 5.70
Director
$15,250 $0 $15,250
JOHN PETSKA CHAIRMAN OF 4.95
Director
$14,000 $0 $14,000
FRANCIS DRAXLER DIRECTOR 6.09
Director
$11,779 $0 $11,779
STEVE JOHNSON SECRETARY/TR 4.01
Director
$10,750 $0 $10,750
JOE MELVILLE DIRECTOR 2.79
Director
$9,800 $0 $9,800
SUE FREI DIRECTOR 6.10
Director
$8,850 $0 $8,850
STEVEN WALL DIRECTOR 2.58
Director
$7,200 $0 $7,200
DANY LISKE DIRECTOR (-A 8.69
Director
$4,300 $0 $4,300
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 $17,120,097 $17,034,652 $50,869,408 $85,445
2023 $17,168,399 $16,962,564 $49,531,836 $205,835
2022 $16,561,051 $16,447,564 $48,047,312 $113,487
2021 $15,311,392 $15,174,341 $47,837,760 $137,051
2020 $15,429,909 $14,752,441 $46,597,478 $677,468
2019 $15,663,798 $15,344,134 $45,450,226 $319,664
2018 $15,509,027 $15,152,611 $44,732,406 $356,416
2018 $15,509,027 $14,836,011 $44,732,406 $673,016
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