ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N (EIN 410330817) - 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

1939

Legal Domicile

Principal Officer

STEVEN M JOHNSON

Phone

2187323377

Tax Period

2024-01-01 to 2024-12-31

ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N, founded in 1939, is a mid-sized nonprofit that reported $32.6M in total revenue in fiscal year 2024.

Mission

DISTRIBUTE ELECTRIC ENERGY TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $31,567,385

Investment Income $136,988

Other Revenue $891,305

TOTAL REVENUE $32,595,678

Expense Breakdown

Grants Paid $13,166

Salaries & Benefits $1,018,457

Fundraising Expenses $0

Other Expenses $29,951,731

TOTAL EXPENSES $32,595,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,595,678	$31,499,670	+0.0%
Expenses	$32,595,678	$31,499,670	+0.0%
Net Income	$0	$0	N/A

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

$748,562

Total Directors

$83,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM KIVI	SECRETARY	3.39	Director	$13,725	$0	$13,725
BRIAN BEHRENS	CHAIR	4.58	Director	$13,000	$0	$13,000
TERRY COOK	VICE CHAIR	5.87	Director	$12,200	$0	$12,200
PAT ROEHL	TREASURER	3.95	Director	$11,600	$0	$11,600
AL CZECZOK	ASSISTANT SECRETARY/TREASURER	2.79	Director	$11,400	$0	$11,400
NANCY UTKE	DIRECTOR	7.10	Director	$11,200	$0	$11,200
DAN BREITBACH	DIRECTOR	4.18	Director	$10,800	$0	$10,800
CHRISTINE FOX	PRESIDENT & CEO	40.00	Officer	$235,463	$47,475	$282,938
SHANNON SNELL	DIRECTOR OF OPERATIONS	40.00	Officer	$151,459	$33,646	$185,105
NICOLE TORKELSON	MARKETING/MEMBER SERVICES MANAGER	40.00	Officer	$100,771	$36,682	$137,453
MINDY YOUNG	CFO	40.00	Officer	$95,043	$19,700	$114,743
STEVEN M JOHNSON	PRESIDENT & CEO	40.00	Officer	$26,126	$2,197	$28,323
MICHAEL MOEN	LEAD LINEMAN	40.00	Highest	$126,172	$21,039	$147,211
DAN COX	JOURNEYMAN LINEMAN	40.00	Highest	$125,743	$33,366	$159,109
CASEY DAVIS	LEAD LINEMAN	40.00	Highest	$122,545	$55,426	$177,971
CHRISTOPHER BUNGERT	JOURNEYMAN	40.00	Highest	$121,245	$35,329	$156,574
CHAD GRANDE	JOURNEYMAN	40.00	Highest	$120,686	$33,395	$154,081
GERALD BYER	OPERATIONS MANAGER - FORMER OFFICER	40.00		$131,243	$114,630	$245,873

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	$32,595,678	$32,595,678	$75,612,519	No data
2023	$31,499,670	$31,499,670	$73,502,047	No data
2022	$30,902,494	$30,902,493	$72,198,735	$1
2021	$28,952,605	$28,952,603	$67,529,595	$2
2020	$24,896,448	$24,896,837	$65,169,485	$-389
2019	$25,088,857	$25,085,075	$64,752,786	$3,782
2018	$24,079,756	$24,079,756	$63,813,941	No data

ITASCA-MANTRAP CO-OP ELECTRICAL ASS'N