VERNON ELECTRIC COOPERATIVE (EIN 390677390) - 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

1936

Legal Domicile

Principal Officer

CRAIG BUROS

Phone

6086343121

Tax Period

2025-01-01 to 2025-12-31

VERNON ELECTRIC COOPERATIVE, founded in 1936, is a mid-sized nonprofit that reported $25.2M in total revenue in fiscal year 2025.

Mission

TO PROVIDE ELECTRIC ENERGY TO THE COOPERATIVE'S MEMBERS.

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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 $24,932,779

Investment Income $104,202

Other Revenue $184,535

TOTAL REVENUE $25,221,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $489,464

Fundraising Expenses $0

Other Expenses $22,932,813

TOTAL EXPENSES $24,854,869

Year-over-Year Comparison

	2025	2024	Change
Revenue	$25,221,516	$24,066,862	+0.0%
Expenses	$24,854,869	$23,551,202	+0.1%
Net Income	$366,647	$515,660	-0.3%

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

$391,839

Total Directors

$97,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG BUROS	CEO/GENERAL	54.00	Officer	$260,539	$131,300	$391,839
KARLA YANSKE	DIRECTOR OF	54.00	Highest	$120,583	$105,490	$226,073
MARK SEE	LINE SUPERIN	50.00	Highest	$129,410	$91,485	$220,895
JASON JOHNSON	LINEMAN	46.00	Highest	$120,219	$60,769	$180,988
KENNETH KARWOSKI	FOREMAN	43.00	Highest	$115,283	$63,034	$178,317
TYLER HALVERSON	LINEMAN	43.00	Highest	$116,268	$13,514	$129,782
BERNADINE HORNBY	PRESIDENT	9.00	Director	$13,575	$0	$13,575
DANIEL KORN	DIRECTOR	7.00	Director	$11,100	$0	$11,100
JOHN YOUNG	DIRECTOR	5.00	Director	$10,725	$0	$10,725
RICHARD NEMEC	TREASURER	5.00	Director	$10,425	$0	$10,425
ORLAN BAKKUM	VICE PRESIDE	5.00	Director	$10,125	$0	$10,125
MICHAEL PAULSRUD	DIRECTOR	5.00	Director	$9,675	$0	$9,675
DANIEL GIESE	DIRECTOR	5.00	Director	$9,600	$0	$9,600
JAMES GOODMAN	DIRECTOR	4.00	Director	$9,600	$0	$9,600
JERRY KRAMER	DIRECTOR	4.00	Director	$8,850	$0	$8,850
DAVID DREGNE	SECRETARY (-	1.00	Director	$3,950	$0	$3,950

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	$25,221,516	$24,854,869	$74,963,130	$366,647
2024	No data	No data	No data	No data
2023	$23,434,167	$22,966,218	$73,064,561	$467,949
2022	$23,569,075	$23,142,418	$73,168,064	$426,657
2021	$21,898,133	$21,685,138	$71,843,525	$212,995
2020	$21,987,746	$21,577,705	$67,962,355	$410,041
2019	$22,627,129	$22,130,956	$64,212,788	$496,173
2018	$21,962,063	$21,592,948	$62,215,590	$369,115

VERNON ELECTRIC COOPERATIVE