MIENERGY COOPERATIVE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

BRIAN KRAMBEER

Phone

8004322285

Tax Period

2023-01-01 to 2023-12-31

MIENERGY COOPERATIVE, founded in 1936, is a mid-sized nonprofit that reported $82.5M in total revenue in fiscal year 2023.

Mission

TO DELIVER HIGH-QUALITY ENERGY SERVICES AT REASONABLE PRICES AND MAXIMIZE VALUE TO OUR MEMBERS CONSISTENT WITH THE WISE USE OF RESOURCES.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 19,223 MEMBERS AND MAINTAINED 5,579 MILES OF LINES PRIMARILY IN RURAL AREAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $82,106,413

Investment Income $418,678

Other Revenue $-9,515

TOTAL REVENUE $82,515,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,411,433

Fundraising Expenses $0

Other Expenses $66,093,563

TOTAL EXPENSES $81,851,864

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,515,576	$81,038,011	+0.0%
Expenses	$81,851,864	$80,624,000	+0.0%
Net Income	$663,712	$414,011	+0.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$886,892

Total Directors

$189,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN NIERLING	PRESIDENT	7.00	Officer Director	$20,300	$0	$20,300
RONALD STEVENS	VICE PRESIDENT	8.00	Officer Director	$17,675	$0	$17,675
DON PETERSEN	TREASURER	11.00	Officer Director	$20,075	$0	$20,075
DENNIS PTACEK	SECRETARY	9.00	Officer Director	$17,911	$0	$17,911
KYLE HOLTHAUS	DIRECTOR	10.00	Director	$17,375	$0	$17,375
BETH OLSON	DIRECTOR	9.00	Director	$19,025	$0	$19,025
JEFF REDALEN	DIRECTOR	5.00	Director	$16,571	$0	$16,571
CARL REICKS	DIRECTOR	5.00	Director	$14,075	$0	$14,075
JENNIFER SCHARMER	DIRECTOR	11.00	Director	$17,375	$0	$17,375
AL SKIP WIESER	DIRECTOR	3.00	Director	$13,075	$0	$13,075
DENNIS YOUNG	DIRECTOR	7.00	Director	$16,075	$0	$16,075
BRIAN KRAMBEER	CEO	40.00	Officer	$346,377	$205,077	$551,454
SHELLY HOVE	CFO	40.00	Officer	$176,872	$82,605	$259,477
TYLER EIDE	JOURNEYMAN FOREMAN	40.00	Highest	$123,611	$23,718	$147,329
MICHAEL WALTON	VP OF ENGINEERING & SYSTEM PLANNING	40.00	Highest	$147,756	$103,517	$251,273
VASSIL VUTOV	VP OF INFORMATION TECHNOLOGY	40.00	Highest	$156,833	$61,756	$218,589
STEVEN OIAN	VP OF SYSTEM OPERATIONS	40.00	Highest	$155,400	$144,438	$299,838
DAVIN THOMPSON	DIRECTOR OF OPERATIONS	40.00	Highest	$115,919	$71,879	$187,798

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	$82,515,576	$81,851,864	$226,012,966	$663,712
2022	$81,038,011	$80,624,000	$215,609,172	$414,011
2021	$76,660,548	$74,632,672	$203,461,309	$2,027,876
2020	$75,636,530	$75,098,614	$202,972,954	$537,916
2019	$79,314,701	$78,766,463	$196,621,194	$548,238
2018	$77,244,311	$77,123,687	$189,771,432	$120,624