KANDIYOHI POWER COOPERATIVE (EIN 410345595) - 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

1938

Legal Domicile

Principal Officer

PATRICK KRUEGER

Phone

3207960991

Tax Period

2023-01-01 to 2023-12-31

KANDIYOHI POWER COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $24.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ELECTRIC DISTRIBUTION AND OTHER RELATED SERVICES TO ITS 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,071,989

Investment Income $110,019

Other Revenue $1,222,248

TOTAL REVENUE $24,404,256

Expense Breakdown

Grants Paid $11,220

Salaries & Benefits $489,164

Fundraising Expenses $0

Other Expenses $21,309,524

TOTAL EXPENSES $24,168,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,404,256	$22,281,330	+0.1%
Expenses	$24,168,407	$22,081,711	+0.1%
Net Income	$235,849	$199,619	+0.2%

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

$408,741

Total Directors

$78,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBBERT STONE	DIRECTOR (THROUGH MARCH 2023)	4.08	Director	$2,235	$0	$2,235
KELLY ERICKSON	DIRECTOR	6.75	Director	$8,705	$0	$8,705
TODD POST	VICE CHAIR	10.00	Director	$10,305	$0	$10,305
DAN POMRANKE	DIRECTOR	5.99	Director	$8,330	$0	$8,330
DIANE HELGESON	DIRECTOR	5.36	Director	$8,955	$0	$8,955
ROLLO CAMPE	DIRECTOR	4.03	Director	$8,580	$0	$8,580
STANLEY WUBBEN	SECRETARY	6.52	Director	$8,805	$0	$8,805
LARRY POWERS	DIRECTOR	6.78	Director	$8,455	$0	$8,455
DALE ANDERSON	CHAIR	10.27	Director	$8,655	$0	$8,655
DARRELL FOSTERVOLD	DIRECTOR (STARTED APRIL 2023)	4.34	Director	$5,345	$0	$5,345
RYAN NELSON	CEO	40.00	Officer	$177,504	$49,802	$227,306
PATRICK KRUEGER	CFO	40.00	Officer	$136,536	$44,899	$181,435
DUSTIN WELZ	JOURNEYMAN LINE TECH IN-CHARGE	42.56	Highest	$114,754	$30,923	$145,677
MICHAEL MARCUS	JOURNEYMAN LINE TECH IN-CHARGE	42.52	Highest	$113,106	$37,081	$150,187
ROBERT SANKEY	JOURNEYMAN LINE TECH IN-CHARGE	42.42	Highest	$114,766	$15,237	$130,003
CASEY JENNY	JOURNEYMAN LINE TECH IN-CHARGE	42.57	Highest	$111,522	$36,969	$148,491
TROY MEAD	LINE FOREMAN	42.38	Highest	$116,169	$37,716	$153,885

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	$24,404,256	$24,168,407	$74,936,440	$235,849
2022	$22,281,330	$22,081,711	$73,609,035	$199,619
2021	$22,269,059	$22,121,203	$73,601,216	$147,856
2020	$21,729,475	$21,699,145	$71,985,531	$30,330
2019	$21,313,000	$21,282,165	$68,634,249	$30,835
2018	$21,896,645	$21,743,437	$68,133,909	$153,208

KANDIYOHI POWER COOPERATIVE