MCLEOD COOPERATIVE POWER ASSOCIATION (EIN 410403745) - 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

1935

Legal Domicile

Principal Officer

STEPHANIE JAKEL

Phone

3208643148

Tax Period

2023-01-01 to 2023-12-31

MCLEOD COOPERATIVE POWER ASSOCIATION, founded in 1935, is a mid-sized nonprofit that reported $23.1M in total revenue in fiscal year 2023.

Mission

TO ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS AND CUSTOMERS THROUGH EFFECTIVE SOLUTIONS.

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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 $21,854,962

Investment Income $178,671

Other Revenue $1,025,478

TOTAL REVENUE $23,059,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $493,750

Fundraising Expenses $0

Other Expenses $21,800,867

TOTAL EXPENSES $23,159,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,059,111	$23,147,730	0.0%
Expenses	$23,159,117	$25,277,145	-0.1%
Net Income	$-100,006	$-2,129,415	-1.0%

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

$469,375

Total Directors

$53,255

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG KIRTZ	PRESIDENT	3.00	Officer Director	$6,535	$0	$6,535
DAVID RESCH	VICE PRESIDENT	4.00	Officer Director	$5,430	$0	$5,430
SUSAN ANDERSON	SECRETARY TREASURER	5.00	Officer Director	$11,200	$0	$11,200
GARY BURDORF	ASST. SECRETARY TREASURER	3.00	Officer Director	$5,715	$0	$5,715
ALLAN DUESTERHOEFT	DIRECTOR	3.00	Director	$5,215	$0	$5,215
RANDY HLAVKA	DIRECTOR	5.00	Director	$4,645	$0	$4,645
KEITH PETERSON	DIRECTOR	3.00	Director	$5,145	$0	$5,145
JOE GRIEBIE	DIRECTOR	3.00	Director	$5,715	$0	$5,715
KIRK NEWMAN	DIRECTOR	2.00	Director	$3,655	$0	$3,655
RONALD MEIER	CEO	40.00	Officer	$192,700	$69,064	$261,764
STEPHANIE JAKEL	MANAGER OF FINANCE	40.00	Officer	$118,155	$60,576	$178,731
TERRY UNDERDAHL	LINE FOREMAN	40.00	Highest	$115,162	$73,140	$188,302
RYAN SCHUETTE	LINE FOREMAN	40.00	Highest	$116,029	$55,676	$171,705
CRAIG MARTI	LINE FOREMAN	40.00	Highest	$119,422	$56,186	$175,608
EMERSON BRADY	OPERATIONS MANAGER	40.00	Highest	$121,584	$54,752	$176,336
ERIC SELL	MANAGER OF INFORMATION SYSTEMS	40.00	Highest	$113,598	$66,867	$180,465

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	$23,059,111	$23,159,117	$84,165,367	$-100,006
2022	$23,147,730	$25,277,145	$80,287,869	$-2,129,415
2021	$22,595,442	$22,809,992	$80,754,087	$-214,550
2020	$21,187,327	$20,976,473	$80,726,435	$210,854
2019	$21,714,744	$21,658,633	$79,291,551	$56,111
2018	$21,046,317	$20,754,038	$71,927,291	$292,279

MCLEOD COOPERATIVE POWER ASSOCIATION