JACKSON 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

CAROL BLAKEN

Phone

7152845385

Tax Period

2025-01-01 to 2025-12-31

JACKSON ELECTRIC COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $25.1M in total revenue in fiscal year 2025.

Mission

DISTRIBUTION OF ELECTRICITY PRIMARILY TO RURAL PARTS OF JACKSON COUNTY AND FIVE OTHER COUNTIES IN WEST-CENTRAL WISCONSIN TO 6,625 MEMBERS.

Program Service Accomplishments

Program 1

DISTRIBUTION OF ELECTRICITY PRIMARILY TO RURAL PARTS OF SIX COUNTIES IN WEST-CENTRAL WISCONSIN.

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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 $24,957,128

Investment Income $99,609

Other Revenue $1,624

TOTAL REVENUE $25,058,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $481,727

Fundraising Expenses $0

Other Expenses $22,025,058

TOTAL EXPENSES $25,071,176

Year-over-Year Comparison

	2025	2024	Change
Revenue	$25,058,361	$24,246,791	+0.0%
Expenses	$25,071,176	$24,246,791	+0.0%
Net Income	$-12,815	N/A	N/A

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

$723,199

Total Directors

$107,087

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BABCOCK	FORMER CEO	40.00	Officer	$298,444	$28,482	$326,926
CAROL BLAKEN	CEO	40.00	Officer	$144,720	$89,934	$234,654
ERIC STEIEN	LINE SUPERIN	40.00	Highest	$121,449	$70,542	$191,991
HAZY WOOD	LINEMAN	40.00	Highest	$114,686	$52,793	$167,479
ADAM WIEDL	LINEMAN	40.00	Highest	$116,998	$46,697	$163,695
JESSE HANSEN	LINEMAN	40.00	Highest	$111,840	$43,737	$155,577
GRANT WITCRAFT	LINEMAN	40.00	Highest	$119,016	$33,956	$152,972
BRADLEY ELVAKER	FINANCE MANA	40.00	Officer	$98,817	$24,088	$122,905
CHRISTOPHER J CURRAN	PRESIDENT	5.74	Officer Director	$13,988	$0	$13,988
KRISTI HANSON	VICE PRESIDE	5.16	Officer Director	$12,963	$0	$12,963
LESLIE DOKKESTUL	DIRECTOR	6.02	Director	$12,813	$0	$12,813
BRIAN HUBER	DIRECTOR	4.90	Director	$12,663	$0	$12,663
GARY WOODS	DIRECTOR	5.83	Director	$12,263	$0	$12,263
DAVID PEASLEY	SECRETARY/TR	4.73	Officer Director	$11,763	$0	$11,763
JERRY HUBER	DIRECTOR	6.86	Director	$11,463	$0	$11,463
TROY TORKELSON	DIRECTOR	4.01	Director	$10,263	$0	$10,263
DANIEL SMREKAR	DIRECTOR	2.93	Director	$8,908	$0	$8,908

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	$25,058,361	$25,071,176	$53,753,524	$-12,815
2024	No data	No data	No data	No data
2023	$25,220,038	$22,375,082	$52,517,629	$2,844,956
2022	$25,112,932	$22,746,892	$50,894,200	$2,366,040
2021	$22,584,888	$21,889,414	$49,440,004	$695,474
2020	$20,822,390	$20,754,677	$44,760,294	$67,713
2019	$22,701,248	$22,554,924	$38,947,573	$146,324
2018	$22,214,455	$22,074,548	$39,601,386	$139,907