DAIRYLAND POWER COOPERATIVE (EIN 390233059) - 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

1941

Legal Domicile

Principal Officer

Brent Ridge

Phone

6087884000

Tax Period

2024-01-01 to 2024-12-31

DAIRYLAND POWER COOPERATIVE, founded in 1941, is a major nonprofit that reported $485.8M in total revenue in fiscal year 2024.

Mission

Dairyland Power Cooperative is an electric generation and transmission cooperative organized under the laws of WI & MN. The Cooperative, whose principal offices are located in WI, provides wholesale electric service to Class A members engaged in retail sale of electricity to member consumers located in WI, MN, IA and IL, and provides electric and other services to Class C, D, E and Special Services members, all on a cooperative, 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $483,178,241

Investment Income $2,563,378

Other Revenue $13,145

TOTAL REVENUE $485,754,764

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,623,597

Fundraising Expenses $0

Program Expenses $0

Other Expenses $372,379,845

TOTAL EXPENSES $480,951,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$485,754,764	$494,461,937	0.0%
Expenses	$480,951,186	$489,311,333	0.0%
Net Income	$4,803,578	$5,150,604	-0.1%

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

579

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

$1,612,617

Total Directors

$991,857

Key Employees

$4,622,115

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent Ridge	President and Chief Executive Officer	45	Officer	$1,073,891	$104,151	$1,178,042
John B Young	Vice President and Chief Risk Officer	47	Key Emp	$281,462	$291,048	$572,510
Benjamin L Porath	Executive Vice President and Chief Operating Officer	50	Key Emp	$408,251	$124,573	$532,824
Amanda Hoefling	Executive Vice President and Chief Administrative Officer	45	Key Emp	$388,073	$131,586	$519,659
John P Carr	Vice President Strategic Growth (retired Q1 2025)	0	Key Emp	$323,053	$159,820	$482,873
April Wehling	Executive Vice President and Chief Financial Officer	50	Officer	$342,186	$92,389	$434,575
Joyce Peppin	Executive Vice President and Deputy General Counsel	50	Key Emp	$331,537	$101,569	$433,106
Jeremy Browning	Vice President Generation	40	Key Emp	$313,402	$91,835	$405,237
Kevin Nordt	Executive Vice President and Chief Strategy Officer	50	Key Emp	$325,326	$41,891	$367,217
Nathaniel Melby	Vice President and Chief Information Officer	45	Key Emp	$274,017	$82,639	$356,656
Jason Herbert	Vice President External Affairs	50	Key Emp	$291,857	$35,808	$327,665
Greg Flege	Vice President Transmission	60	Key Emp	$234,321	$92,387	$326,708
Andy Black	Dir Organizational Effectiveness	40	Highest	$293,886	$22,726	$316,612
Ron Franz	Sr. Dir Resource and Energy Planning	45	Highest	$206,325	$108,136	$314,461
Matt Lewis	Dir Business Development and PMO	45	Highest	$232,455	$75,284	$307,739
Kathleen Galioto	Vice President and Deputy General Counsel	55	Key Emp	$240,371	$57,289	$297,660
Elizabeth Ressie	Sr. Dir Safety and Human Resources	50	Highest	$223,753	$71,598	$295,351
Ken Schlimgen	Mgr Mkt Opr Trading & Wholesale Power (retired Q1 2025)	0	Highest	$204,175	$90,019	$294,194
William L Berg	Former President and CEO	0		$144,706	$0	$144,706
Jenny Scharmer	Current Director	11	Director	$58,137	$6,878	$65,015
Joe Mattingley	Current Director	11	Director	$43,327	$9,020	$52,347
Jim Hager	Current Director	11	Director	$41,286	$7,028	$48,314
Barry Radloff	Current Director	9	Director	$39,200	$8,631	$47,831
Sandra Davidson	Current Director	8	Director	$43,347	$3,947	$47,294
Michael Baker	Current Director	10	Director	$39,607	$7,164	$46,771
Jeffrey Bradley	Current Director	7	Director	$38,682	$5,505	$44,187
Karen Newbury	Current Director	12	Director	$35,513	$7,230	$42,743
Dennis Frame	Current Director	8	Director	$38,065	$4,326	$42,391
Ed Gullickson	Current Director	14	Director	$34,307	$7,912	$42,219
Chuck Zenner	Current Director	9	Director	$34,978	$4,960	$39,938
John Petska	Current Director	7	Director	$34,068	$5,769	$39,837
Mark Kingland	Current Director	10	Director	$34,160	$5,538	$39,698
Jeff Monson	Current Director	10	Director	$36,347	$3,096	$39,443
Brian Berg	Current Director	11	Director	$31,603	$3,725	$35,328
Jerry Huber	Current Director	10	Director	$31,181	$3,775	$34,956
Bill Trygstad	Current Director	14	Director	$29,907	$4,506	$34,413
Clarence Boettcher	Current Director	8	Director	$30,226	$3,629	$33,855
Robert Hess	Current Director	12	Director	$29,325	$3,891	$33,216
Arthur Friedrich	Current Director	13	Director	$28,312	$3,343	$31,655
Daniel Korn	Current Director	11	Director	$27,708	$1,502	$29,210
Jane Reich	Current Director	20	Director	$25,343	$3,815	$29,158
Neil Plourde	Current Director	10	Director	$24,586	$4,455	$29,041
Tom Zwiefelhofer	Current Director	10	Director	$18,499	$2,975	$21,474
Dean L Stokke	Current Director	8	Director	$17,376	$2,461	$19,837
Larry Hall	Current Director	5	Director	$12,308	$1,557	$13,865
Dan Tindell	Current Director	0	Director	$3,374	$765	$4,139
Tracy L Lauritzen	Current Director	0	Director	$1,968	$0	$1,968
Bernadine Hornby	Current Director	0	Director	$1,609	$105	$1,714

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	$485,754,764	$480,951,186	$1,567,424,114	$4,803,578
2023	$494,461,937	$489,311,333	$1,585,303,722	$5,150,604
2022	$533,755,056	$530,932,528	$1,527,963,858	$2,822,528
2021	$466,517,279	$463,676,063	$1,543,973,952	$2,841,216
2020	$444,423,602	$442,431,296	$1,309,582,779	$1,992,306
2019	$474,866,334	$470,644,055	$1,363,201,775	$4,222,279
2018	$482,316,255	$472,833,916	$1,390,261,619	$9,482,339

DAIRYLAND POWER COOPERATIVE