MEEKER COOPERATIVE LIGHT & POWER A… - 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

1935

Legal Domicile

Principal Officer

SCOTT FROEMMING

Phone

3206933231

Tax Period

2024-01-01 to 2024-12-31

MEEKER COOPERATIVE LIGHT & POWER ASSOCIATION, founded in 1935, is a mid-sized nonprofit that reported $31.9M in total revenue in fiscal year 2024.

Mission

TO ENERGIZE AND CONNECT THE COOPERATIVE'S MEMBERS AND CUSTOMERS, ENHANCING THEIR LIVES.

Program Service Accomplishments

Program 1

PROVIDING SAFE, RELIABLE ENERGY AND OTHER VALUE ADDED SERVICES TO 8,016 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 $25,658,396

Investment Income $213,619

Other Revenue $6,001,399

TOTAL REVENUE $31,873,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $624,479

Fundraising Expenses $0

Other Expenses $28,486,508

TOTAL EXPENSES $31,839,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,873,414	$31,346,370	+0.0%
Expenses	$31,839,378	$31,928,696	0.0%
Net Income	$34,036	$-582,326	-1.1%

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

$580,801

Total Directors

$85,236

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL PEARSON	DIRECTOR	7.31	Director	$12,605	$0	$12,605
DAVID LEONHARDI	DIRECTOR	6.40	Director	$11,115	$0	$11,115
BRADLEY DONNAY	PRESIDENT	6.04	Director	$10,950	$0	$10,950
KAREN L BECKER	SECRETARY	4.63	Director	$9,780	$0	$9,780
JESSE TURCK	DIRECTOR	4.60	Director	$9,506	$0	$9,506
PAUL BUGBEE	VICE PRESIDENT	4.79	Director	$8,925	$0	$8,925
RANDY BRYANT	TREASURER	4.46	Director	$8,825	$0	$8,825
JAMES ELLINGSON	DIRECTOR (THRU AUG 2024)	4.25	Director	$5,930	$0	$5,930
BARBARA ANN NELSON	DIRECTOR (STARTED AUG 2024)	6.38	Director	$4,140	$0	$4,140
LARRY HUHN	DIRECTOR (THRU APRIL 2024)	4.33	Director	$2,145	$0	$2,145
JEROME WOSMEK	DIRECTOR (STARTED NOV 2024)	6.70	Director	$1,315	$0	$1,315
LUKE JOHNSON	CEO	60.27	Officer	$277,645	$97,979	$375,624
SCOTT FROEMMING	FINANCE MANAGER	43.85	Officer	$162,003	$43,174	$205,177
TONY MCCLEARY	BROADBAND OPERATIONS MGR	50.13	Highest	$183,879	$43,168	$227,047
STEVEN KOSBAB	ENERGY SERVICES MANAGER	48.15	Highest	$163,769	$42,910	$206,679
DANIEL SCHRUPP	OPERATIONS SUPERVISOR	45.29	Highest	$153,569	$80,760	$234,329
JOHN GRABOW	FOREMAN	45.81	Highest	$141,856	$41,166	$183,022
ALLEN RESMEN	FOREMAN	44.27	Highest	$130,487	$47,040	$177,527

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	$31,873,414	$31,839,378	$128,672,954	$34,036
2023	$31,346,370	$31,928,696	$120,230,995	$-582,326
2022	$29,571,990	$29,793,219	$113,346,809	$-221,229
2021	$25,674,897	$27,545,146	$105,104,612	$-1,870,249
2020	$23,036,328	$24,995,436	$102,319,993	$-1,959,108
2019	$23,219,282	$24,912,003	$92,510,021	$-1,692,721
2018	$24,057,146	$23,713,637	$73,457,034	$343,509

MEEKER COOPERATIVE LIGHT & POWER ASSOCIATION