CLARK ELECTRIC COOPERATIVE

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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

2025-01-01 to 2025-12-31

CLARK ELECTRIC COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $28.7M in total revenue in fiscal year 2025.

Mission

TO PROVIDE SAFE, RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO OUR MEMBERS

Program Service Accomplishments

Program 1

THE COOPERATIVE SOLD 222,229,370 KWH OF ELECTRICITY TO 9,770 MEMBERS DURING 2025. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED...

THE COOPERATIVE SOLD 222,229,370 KWH OF ELECTRICITY TO 9,770 MEMBERS DURING 2025. IN CONNECTION WITH THE COOPERATIVE'S MISSION, THE COOPERATIVE CONTINUES TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND RELATED SERVICES TO MEMBERS ON A NOT-FOR-PROFIT BASIS.

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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 $27,597,025

Investment Income $79,026

Other Revenue $1,071,014

TOTAL REVENUE $28,747,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $418,999

Fundraising Expenses $0

Other Expenses $26,025,406

TOTAL EXPENSES $28,396,114

Year-over-Year Comparison

	2025	2024	Change
Revenue	$28,747,065	$26,979,215	+0.1%
Expenses	$28,396,114	$27,029,729	+0.1%
Net Income	$350,951	$-50,514	-7.9%

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

$382,564

Total Directors

$65,665

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERMAN SEEBANDT	PRESIDENT	6.25	Officer Director	$10,680	$0	$10,680
ALLEN JICINSKY	VICE-PRESIDENT	4.52	Officer Director	$10,150	$0	$10,150
THOMAS ODEEN	SECRETARY/TREASURER	3.81	Officer Director	$8,400	$0	$8,400
JAMES HAGER	DIRECTOR	4.67	Director	$9,450	$0	$9,450
SCOTT JOHNSON	DIRECTOR	4.81	Director	$8,400	$0	$8,400
MARVIN VERKUILEN	DIRECTOR	2.35	Director	$6,335	$0	$6,335
CHARLES LINDER	DIRECTOR	6.81	Director	$12,250	$0	$12,250
TIMOTHY E STEWART	CEO/GENERAL MANAGER	50.00	Officer	$251,856	$101,478	$353,334
MICHAEL A RUFF	DIRECTOR OF OPERATIONS	50.00	Highest	$149,415	$74,263	$223,678
KENT WEIGEL	LINE SUPERINTENDENT	50.00	Highest	$127,105	$67,189	$194,294
JOSH BURNS	ASST LINE SUPERINTENDENT	50.00	Highest	$108,597	$63,503	$172,100
JAKE WALDHART	LINEMAN	50.00	Highest	$117,001	$45,302	$162,303
AMBER REDDY	DIRECTOR OF ADMINISTRATIVE SERVICES	50.00	Highest	$116,030	$42,733	$158,763

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	$28,747,065	$28,396,114	$64,136,524	$350,951
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