COOPERATIVE LIGHT & POWER (EIN 410203975) - 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

CAREY HOGENSON

Phone

2188342226

Tax Period

2024-01-01 to 2024-12-31

COOPERATIVE LIGHT & POWER, founded in 1936, is a mid-sized nonprofit in the Mutual Benefit sector that reported $15.3M in total revenue in fiscal year 2024.

Mission

ELECTRIC ENERGY DISTRIBUTION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,899,473

Investment Income $86,422

Other Revenue $280,773

TOTAL REVENUE $15,266,668

Expense Breakdown

Grants Paid $0

Salaries & Benefits $528,908

Fundraising Expenses $0

Other Expenses $14,310,546

TOTAL EXPENSES $15,300,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,266,668	$14,718,706	+0.0%
Expenses	$15,300,746	$14,344,542	+0.1%
Net Income	$-34,078	$374,164	-1.1%

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

$517,983

Total Directors

$49,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT VEITENHEIMER	PRESIDENT	4.00	Officer Director	$8,320	$0	$8,320
ROGER PETERSON	VICE PRESIDE	5.00	Officer Director	$11,393	$0	$11,393
KYLE WEIDEMAN	TREASURER	4.50	Officer Director	$8,447	$0	$8,447
JESSICA WILLEMARCK	SECRETARY	4.00	Officer Director	$10,163	$0	$10,163
STEVE JOSEPHSON	DIRECTOR	5.00	Director	$10,925	$0	$10,925
JOEL JANORSCHKE	CEO	53.50	Officer	$247,990	$84,232	$332,222
SHANNON HAVERI	FINANCE MANA	43.50	Officer	$120,205	$27,233	$147,438
CHASE PETERSON	CONSTRUCTION	46.50	Highest	$147,829	$46,755	$194,584
VINCE UDENBERG	MAINTENANCE	44.90	Highest	$139,777	$58,815	$198,592
JEFF TOLAND	LINEMAN	46.50	Highest	$136,919	$30,340	$167,259
RICK HEATH	LEAD LINEMAN	47.30	Highest	$152,038	$39,706	$191,744
BRIAN BENTLER	OPERATIONS M	43.20	Highest	$130,429	$70,653	$201,082

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	$15,266,668	$15,300,746	$36,554,621	$-34,078
2023	$14,718,706	$14,344,542	$34,755,470	$374,164
2022	$14,384,512	$14,180,360	$32,952,450	$204,152
2021	$13,814,099	$14,265,949	$32,161,097	$-451,850
2020	$13,706,449	$13,478,190	$31,493,472	$228,259
2019	$13,524,405	$13,393,618	$30,855,710	$130,787
2018	$13,507,898	$13,221,933	$31,191,674	$285,965

COOPERATIVE LIGHT & POWER