POLK-BURNETT ELECTRIC COOPERATIVE (EIN 390544115) - 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

1938

Legal Domicile

Principal Officer

EDWARD GULLICKSON

Phone

8004210283

Tax Period

2025-01-01 to 2025-12-31

POLK-BURNETT ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $41.4M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO BENEFIT MEMBER-OWNERS BY PROVIDING RELIABLE ELECTRICITY WITH EFFICIENCY AND EXTRAORDINARY SERVICE.

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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 $38,865,093

Investment Income $149,254

Other Revenue $2,359,366

TOTAL REVENUE $41,373,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $442,198

Fundraising Expenses $0

Other Expenses $35,656,708

TOTAL EXPENSES $40,175,791

Year-over-Year Comparison

	2025	2024	Change
Revenue	$41,373,713	$37,944,463	+0.1%
Expenses	$40,175,791	$37,507,261	+0.1%
Net Income	$1,197,922	$437,202	+1.7%

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

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

$668,086

Total Directors

$58,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN STROSHANE	GM/CEO	54.00	Officer	$272,089	$212,466	$484,555
JASON EVENSON	OPERATIONS M	48.00	Highest	$137,608	$88,742	$226,350
HEATHER GERBER	ACCOUNTING M	43.00	Officer	$116,209	$67,322	$183,531
MATTHEW KURTZHALS	IS MANAGER	44.00	Highest	$140,385	$40,777	$181,162
TRAVIS GINGRAS	LINEMAN	42.00	Highest	$125,215	$37,689	$162,904
KEEGAN KALLEVANG	LINEMAN	42.00	Highest	$125,395	$27,736	$153,131
CODY ENGSTRAND	LINEMAN	43.00	Highest	$130,369	$19,209	$149,578
JOE METRO	DIRECTOR	4.00	Director	$7,700	$0	$9,100
EDWARD GULLICKSON	PRESIDENT	8.00	Director	$8,400	$0	$8,400
CYNTHIA THORMAN	DIRECTOR	6.00	Director	$8,200	$0	$8,200
JOHN UKURA	DIRECTOR	3.00	Director	$7,450	$0	$7,450
WILFRED OWENS	DIRECTOR	4.00	Director	$4,850	$0	$6,250
MICHAEL MORRIS	VICE-PRESIDE	2.00	Director	$4,200	$0	$6,000
GERALD OKONEK	DIRECTOR	4.00	Director	$4,700	$0	$4,700
CHARLES BROOKSHAW	SECRETARY/TR	2.00	Director	$4,200	$0	$4,200
THOMAS SWENSON	DIRECTOR	3.00	Director	$4,200	$0	$4,200

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	$41,373,713	$40,175,791	$118,655,426	$1,197,922
2024	$37,944,463	$37,507,261	$114,232,212	$437,202
2023	$38,989,288	$37,586,386	$110,847,800	$1,402,902
2022	$38,082,423	$36,380,967	$107,806,214	$1,701,456
2021	$35,429,512	$34,921,039	$102,662,809	$508,473
2020	$34,411,005	$33,518,913	$97,773,111	$892,092
2019	$35,553,536	$34,492,066	$95,015,143	$1,061,470
2018	$34,334,787	$33,324,810	$92,607,734	$1,009,977

POLK-BURNETT ELECTRIC COOPERATIVE