GOODHUE COUNTY COOPERATIVE ELECTRI… - 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

KELLY HOVEL

Phone

5077325117

Tax Period

2025-01-01 to 2025-12-31

GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION, founded in 1937, is a mid-sized nonprofit that reported $15.9M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO BE THE PROVIDER OF CHOICE FOR RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT BENEFIT THE COOPERATIVE MEMBERS.

Program Service Accomplishments

Program 1

RURAL ELECTRIC COOPERATIVE PROVIDED ELECTRICAL POWER TO 5,282 RURAL MEMBERS DURING THE YEAR.

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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 $16,127,860

Investment Income $-187,842

Other Revenue $0

TOTAL REVENUE $15,940,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,165

Fundraising Expenses $0

Other Expenses $14,652,018

TOTAL EXPENSES $16,186,246

Year-over-Year Comparison

	2025	2024	Change
Revenue	$15,940,018	$14,014,750	+0.1%
Expenses	$16,186,246	$13,960,502	+0.2%
Net Income	$-246,228	$54,248	-5.5%

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

$383,515

Total Directors

$48,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY KROHN	LINE SUPERIN	40.00	Highest	$124,915	$110,653	$235,568
CHRISTOPHER OLSON	FOREMAN	40.00	Highest	$125,102	$84,156	$209,258
KELLY HOVEL	GENERAL MANA	40.00	Officer	$149,242	$52,250	$201,492
RYNE MCNAMARA	LINEMAN	40.00	Highest	$122,289	$50,720	$173,009
AMBER GESME	FINANCE MANA	40.00	Officer	$106,193	$54,950	$161,143
ALLEN JANTZEN	FOREMAN	40.00	Highest	$113,937	$44,107	$158,044
DONNELL BUCK	DIRECTOR	5.00	Director	$5,950	$0	$5,950
EDWARD BAUMAN	DIRECTOR	5.00	Director	$5,850	$0	$5,850
GENE BANG	DIRECTOR	5.00	Director	$5,550	$0	$5,550
PAUL HUNEKE	TREASURER	5.00	Officer Director	$5,550	$0	$5,550
GARY ESTERBY	VICE PRESIDE	5.00	Officer Director	$5,350	$0	$5,350
LARRY JENSEN	DIRECTOR	5.00	Director	$5,350	$0	$5,350
DARLA VIETHS	DIRECTOR	5.00	Director	$5,150	$0	$5,150
JIM DICKE	SECRETARY	5.00	Officer Director	$5,030	$0	$5,030
DAVID HERNKE	PRESIDENT	5.00	Officer Director	$4,950	$0	$4,950

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	$15,940,018	$16,186,246	$48,372,630	$-246,228
2024	$14,014,750	$13,960,502	$45,187,806	$54,248
2023	$14,034,549	$13,964,921	$43,160,073	$69,628
2022	$13,694,063	$13,651,337	$41,973,914	$42,726
2021	$13,959,115	$13,410,963	$42,293,911	$548,152
2020	$13,012,858	$13,024,616	$42,643,000	$-11,758
2019	$13,229,544	$13,237,352	$37,769,288	$-7,808
2018	$13,080,142	$13,054,298	$36,524,617	$25,844

GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION