GLENCOE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MCLEOD COOPERATIVE POWER ASSOCIATION, founded in 1935, is a mid-sized nonprofit that reported $26.6M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion.
TO DELIVER ENERGY AND OTHER SERVICES THAT WILL IMPROVE THE QUALITY OF LIFE FOR OUR CUSTOMERS, AND TO MAXIMIZE CUSTOMER SATISFACTION BY DELIVERING THOSE SERVICES IN THE MOST FRIENDLY, SAFE, RELIABLE AND COMPETITIVE MANNER POSSIBLE.
PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 6,021 MEMBERS IN 2025. WE HAD A DECREASE OF 4 MILES OF LINE DURING 2025. THE COOPERATIVE HAS 2,035 MILES OF DISTRIBUTION LINE AS OF DECEMBER 31, 2025.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $26,598,923 | $23,628,331 | +0.1% |
| Expenses | $26,258,179 | $23,860,535 | +0.1% |
| Net Income | $340,744 | $-232,204 | -2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DOUG KIRTZ | PRESIDENT | 3.50 |
Officer
Director
|
$7,325 | $0 | $7,325 |
| DAVID RESCH | VICE PRESIDENT | 3.50 |
Officer
Director
|
$6,940 | $0 | $6,940 |
| SUSAN ANDERSON | SECRETARY TREASURER | 3.50 |
Officer
Director
|
$7,975 | $0 | $7,975 |
| GARY BURDORF | ASST. SECRETARY TREASURER | 2.50 |
Officer
Director
|
$7,015 | $0 | $7,015 |
| RANDY HLAVKA | DIRECTOR | 6.00 |
Director
|
$6,190 | $0 | $6,190 |
| KEITH PETERSON | DIRECTOR | 1.00 |
Director
|
$2,670 | $0 | $2,670 |
| KIRK NEWMAN | DIRECTOR | 2.00 |
Director
|
$6,475 | $0 | $6,475 |
| JONATHAN BURGSTAHLER | DIRECTOR | 1.00 |
Director
|
$3,150 | $0 | $3,150 |
| ALLAN DUESTERHOEFT | DIRECTOR | 3.00 |
Director
|
$6,230 | $0 | $6,230 |
| JEFF KOSEK | DIRECTOR | 3.00 |
Director
|
$6,790 | $0 | $6,790 |
| RONALD MEIER | CEO | 40.00 |
Officer
|
$216,117 | $75,925 | $292,042 |
| STEPHANIE JAKEL | MANAGER OF FINANCE | 40.00 |
Officer
|
$131,310 | $57,970 | $189,280 |
| RYAN SCHUETTE | LINE FOREMAN | 45.00 |
Highest
|
$141,093 | $63,019 | $204,112 |
| CRAIG MARTI | LINE FOREMAN | 44.00 |
Highest
|
$143,487 | $66,732 | $210,219 |
| EMERSON BRADY | OPERATIONS MANAGER | 40.00 |
Highest
|
$134,162 | $58,539 | $192,701 |
| TERRY UNDERDAHL | LINE FOREMAN | 44.00 |
Highest
|
$131,027 | $95,336 | $226,363 |
| PEYTON JASKEN | LINE WORKER | 41.00 |
Highest
|
$130,158 | $30,595 | $160,753 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $26,598,923 | $26,258,179 | $88,939,034 | $340,744 |
| 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 |
Compare MCLEOD COOPERATIVE POWER ASSOCIATION with other nonprofits in Minnesota and across the country.