Jackson Electric Cooperative (EIN 390370662) - 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

Kevin Babcock

Phone

7152845385

Tax Period

2023-01-01 to 2023-12-31

Jackson Electric Cooperative, founded in 1937, is a mid-sized nonprofit that reported $25.2M in total revenue in fiscal year 2023. Expenses of $22.4M left a modest 11% surplus.

Mission

Distribution of electricity primarily to rural parts of Jackson County and five other 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,643,410

Investment Income $84,806

Other Revenue $491,822

TOTAL REVENUE $25,220,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,163,426

Fundraising Expenses $0

Program Expenses $22,375,082

Other Expenses $21,211,656

TOTAL EXPENSES $22,375,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,220,038	$25,112,932	+0.0%
Expenses	$22,375,082	$22,746,892	0.0%
Net Income	$2,844,956	$2,366,040	+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

$478,242

Total Directors

$78,988

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Babcock	CEO	55.00	Officer	$265,082	$213,160	$478,242
Eric Steien	Line Superintendent	40.00	Highest	$116,730	$34,713	$151,443
Adam Wiedl	Lineman	40.00	Highest	$117,159	$3,501	$120,660
Grant Witcraft	Lineman	40.00	Highest	$103,921	$7,745	$111,666
Jesse Hansen	Lineman	40.00	Highest	$102,588	$10,218	$112,806
Hazy Wood	Lineman	40.00	Highest	$100,367	$9,254	$109,621
Gary Woods	Board President	4.00	Director	$11,450	$0	$11,450
Chris Curran	Board Vice President	4.00	Director	$8,968	$0	$8,968
David Peasley	Board Secretary	4.00	Director	$9,132	$0	$9,132
Leslie Dokkestul	Board Director	4.00	Director	$10,969	$0	$10,969
Brian Huber	Board Director	4.00	Director	$9,219	$0	$9,219
Jerry Huber	Board Director	4.00	Director	$8,972	$0	$8,972
Kristi Hanson	Board Director	4.00	Director	$8,804	$0	$8,804
Troy Torkelson	Board Director	4.00	Director	$5,956	$0	$5,956
Daniel Smrekar	Board Director	4.00	Director	$5,518	$0	$5,518

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	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

Jackson Electric Cooperative