CLARK ELECTRIC COOPERATIVE (EIN 390212464) - 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

1937

Legal Domicile

Principal Officer

HERMAN SEEBANDT

Phone

7152676188

Tax Period

2024-01-01 to 2024-12-31

CLARK ELECTRIC COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $27.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SAFE, RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO OUR 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,701,180

Investment Income $146,350

Other Revenue $1,131,685

TOTAL REVENUE $26,979,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,787

Fundraising Expenses $0

Other Expenses $24,242,783

TOTAL EXPENSES $27,029,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,979,215	$25,902,143	+0.0%
Expenses	$27,029,729	$25,944,039	+0.0%
Net Income	$-50,514	$-41,896	+0.2%

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

$367,037

Total Directors

$63,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERMAN SEEBANDT	PRESIDENT	6.75	Officer Director	$9,600	$0	$9,600
ALLEN JICINSKY	VICE-PRESIDENT	3.28	Officer Director	$9,450	$0	$9,450
THOMAS ODEEN	SECRETARY/TREASURER	3.67	Officer Director	$8,050	$0	$8,050
JAMES HAGER	DIRECTOR	4.52	Director	$10,500	$0	$10,500
SCOTT JOHNSON	DIRECTOR	4.81	Director	$10,500	$0	$10,500
MARVIN VERKUILEN	DIRECTOR	3.34	Director	$8,050	$0	$8,050
CHARLES LINDER	DIRECTOR	3.88	Director	$7,700	$0	$7,700
TIMOTHY E STEWART	CEO/GENERAL MANAGER	50.00	Officer	$240,765	$99,172	$339,937
MICHAEL A RUFF	DIRECTOR OF OPERATIONS	50.00	Highest	$142,786	$71,737	$214,523
SCOTT BAILEN	LINEMAN	45.31	Highest	$121,471	$44,661	$166,132
KENT WEIGEL	LINEMAN	50.00	Highest	$121,423	$65,597	$187,020
JOSH BURNS	LINEMAN	50.00	Highest	$103,181	$62,184	$165,365
JESSE FRIEDENFELS	LINEMAN	44.90	Highest	$119,018	$50,435	$169,453

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	$26,979,215	$27,029,729	$63,248,036	$-50,514
2023	$25,902,143	$25,944,039	$62,001,319	$-41,896
2022	$25,712,386	$25,480,390	$60,830,685	$231,996
2021	$23,862,923	$24,019,025	$58,158,320	$-156,102
2020	$23,955,769	$23,769,435	$56,563,291	$186,334
2019	$24,244,209	$24,068,960	$53,600,210	$175,249
2018	$23,659,024	$23,458,333	$53,610,293	$200,691

CLARK ELECTRIC COOPERATIVE