JUMP RIVER ELECTRIC COOPERATIVE INC

EIN: 390382695

LADYSMITH, WI

Total Revenue
$16,995,197
Total Expenses
$16,818,231
Total Assets
$52,829,887
Net Assets
$19,528,783
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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
1938
Legal Domicile
WI
Principal Officer
WILLIAM VANDOORN
Phone
7155325524
Tax Period
2023-01-01 to 2023-12-31

JUMP RIVER ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $17.0M in total revenue in fiscal year 2023.

Mission

PROVIDE RELIABLE, SAFE, SUSTAINABLE, AFFORDABLE UTILITY SERVICES TO THE COMMUNITIES WE SERVE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,392,258
Investment Income $62,960
Other Revenue $539,979
TOTAL REVENUE $16,995,197

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,258
Fundraising Expenses $0
Other Expenses $14,989,669
TOTAL EXPENSES $16,818,231

Year-over-Year Comparison

2023 2022 Change
Revenue $16,995,197 $16,877,097 +0.0%
Expenses $16,818,231 $16,273,802 +0.0%
Net Income $176,966 $603,295 -0.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
27
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
4
$326,509
Total Directors
10
$60,400
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYRON BROOKS CHAIRMAN 12.12
Officer Director
$9,950 $0 $9,950
JASON WEAVER VICE CHAIRMAN 9.75
Officer Director
$4,650 $0 $4,650
JOE LORENCE SECRETARY/TREASURER 9.44
Officer Director
$10,050 $0 $10,050
BILL AMERY DIRECTOR 6.86
Director
$5,600 $0 $5,600
JERRY CAROW DIRECTOR 5.94
Director
$1,200 $0 $1,200
BILL VAN DOORN DIRECTOR 5.50
Director
$5,550 $0 $5,550
WALTER KRUK DIRECTOR 10.23
Director
$6,450 $0 $6,450
JANE REICH DIRECTOR 10.83
Director
$6,150 $0 $6,150
SANDRA SCHARA DIRECTOR 9.16
Director
$8,400 $0 $8,400
JAY WAELTZ DIRECTOR 2.22
Director
$2,400 $0 $2,400
KURT HARRIS GENERAL MANAGER 49.68
Officer
$177,860 $123,999 $301,859
KEVIN WRIGHT JOURNEY LINE WORKER 48.75
Highest
$122,273 $60,669 $182,942
CALVIN WIENER LINEMAN 53.37
Highest
$134,715 $39,738 $174,453
CORY ANDRASCHKO JOURNEY LINE WORKER 55.89
Highest
$136,331 $43,618 $179,949
GREG WALTERS JOURNEY LINE WORKER 46.49
Highest
$115,906 $88,680 $204,586
DANIEL ANGLEMYER JOURNEY LINE WORKER 47.39
Highest
$113,889 $54,019 $167,908
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
2024 No data No data No data No data
2023 $16,995,197 $16,818,231 $52,829,887 $176,966
2022 $16,877,097 $16,273,802 $50,800,248 $603,295
2021 $15,672,996 $15,465,731 $49,323,205 $207,265
2020 $15,198,319 $15,044,417 $48,826,179 $153,902
2019 $15,257,100 $15,017,519 $47,453,476 $239,581
2018 $14,796,798 $14,402,380 $41,469,744 $394,418
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