CROW WING COOPERATIVE POWER & LIGH… - Form 990 Financial Data

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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

ERIC QUALE

Phone

2188292827

Tax Period

2023-01-01 to 2023-12-31

CROW WING COOPERATIVE POWER & LIGHT CO, founded in 1937, is a mid-sized nonprofit that reported $91.0M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRICAL SERVICES TO OVER 40,141 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD.

Program Service Accomplishments

Program 1

TO PROVIDE ELECTRICAL SERVICES TO 40,141 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD.

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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 $85,810,528

Investment Income $824,745

Other Revenue $4,401,855

TOTAL REVENUE $91,037,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $928,812

Fundraising Expenses $0

Other Expenses $82,197,223

TOTAL EXPENSES $88,904,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$91,037,128	$91,498,148	0.0%
Expenses	$88,904,111	$89,923,618	0.0%
Net Income	$2,133,017	$1,574,530	+0.4%

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

$807,658

Total Directors

$117,711

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN MCCULLOCH	SECRETARY	11.00	Director	$14,697	$0	$14,697
RICHARD LARSON	DIRECTOR (THROUGH SEPTEMBER 2023)	10.00	Director	$8,935	$0	$8,935
GERTRUDE ROGGENKAMP	DIRECTOR	10.50	Director	$13,914	$0	$13,914
ROBERT KANGAS	DIRECTOR	10.00	Director	$13,272	$0	$13,272
MARK RONNEI	PRESIDENT	10.50	Director	$13,899	$0	$13,899
LUANN NELSON	TREASURER	10.50	Director	$13,930	$0	$13,930
PAUL KOERING	DIRECTOR	9.50	Director	$12,664	$0	$12,664
DWIGHT THIESSE	DIRECTOR	10.00	Director	$12,944	$0	$12,944
GILES RADTKE	VICE PRESIDENT	10.00	Director	$13,456	$0	$13,456
BRUCE KRAEMER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$318,604	$32,981	$351,585
SUSANNAH JENSEN	CHIEF FINANCIAL OFFICER	40.00	Officer	$169,215	$39,626	$208,841
ERIC QUALE	CHIEF OPERATING OFFICER	40.00	Officer	$206,181	$41,051	$247,232
CHARLENE KINZER	PUBLIC RELATIONS MANAGER	40.00	Highest	$173,949	$22,088	$196,037
KELLY STORY	CREW FOREMAN	48.82	Highest	$137,159	$33,628	$170,787
ALLEN DAHL	CREW FOREMAN	48.55	Highest	$132,821	$33,492	$166,313
GAGE WATTENHOFER	MANAGER OF MAINTENANCE AND CONSTRUCTION	40.00	Highest	$144,224	$20,203	$164,427
TIM ALLEN	CREW FOREMAN	49.60	Highest	$150,438	$17,866	$168,304

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	$91,037,128	$88,904,111	$253,324,443	$2,133,017
2022	$91,498,148	$89,923,618	$244,245,271	$1,574,530
2021	$79,431,443	$81,725,296	$238,884,299	$-2,293,853
2020	$76,151,301	$75,525,761	$230,029,616	$625,540
2019	$75,588,033	$76,059,026	$228,203,152	$-470,993
2018	$76,790,056	$77,586,308	$215,726,765	$-796,252

CROW WING COOPERATIVE POWER & LIGHT CO