MINNESOTA VALLEY COOPERATIVE LIGHT & POWER ASSOCIATION (EIN 410419129) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

PATRICK C CARRUTH

Phone

3202692163

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA VALLEY COOPERATIVE LIGHT & POWER ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $26.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE ELECTRICAL ENERGY SERVICES TO RURAL CUSTOMERS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,513,160

Investment Income $1,044,334

Other Revenue $1,458,868

TOTAL REVENUE $26,016,362

Expense Breakdown

Grants Paid $40

Salaries & Benefits $1,065,917

Fundraising Expenses $0

Other Expenses $21,572,035

TOTAL EXPENSES $25,343,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,016,362	$25,650,557	+0.0%
Expenses	$25,343,416	$26,043,792	0.0%
Net Income	$672,946	$-393,235	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$902,408

Total Directors

$131,603

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK PETERSON	SECRETARY	8.00	Director	$19,123	$0	$19,123
TIMOTHY VELDE	DIRECTOR	8.00	Director	$18,840	$0	$18,840
GARY GROOTHUIS	TREASURER	8.00	Director	$18,720	$0	$18,720
DONALD FERNHOLZ	VICE PRESIDENT	8.00	Director	$18,840	$0	$18,840
DARRYL BURSACK	DIRECTOR	8.00	Director	$18,760	$0	$18,760
STEVE NORMAN	PRESIDENT	8.00	Director	$18,840	$0	$18,840
WAYNE PELTIER	DIRECTOR	8.00	Director	$18,480	$0	$18,480
PATRICK CARRUTH	GENERAL MANAGER	40.00	Officer	$530,435	$144,864	$675,299
JILL ROTHSCHADL	OFFICE MANAGER	40.00	Officer	$174,543	$52,566	$227,109
ERIC WOLLSCHLAGER	OPERATIONS MANAGER	40.00	Highest	$125,455	$8,589	$134,044
SCOTT KUBESH	MEMBER SERVICES MANAGER	40.00	Highest	$155,253	$101,640	$256,893
KENT SMITH	FOREMAN	40.00	Highest	$123,130	$59,633	$182,763
TREVOR DIGGINS	SYSTEM COORDINATOR	40.00	Highest	$121,783	$59,126	$180,909
ANTHONY BEDNAREK	LINEMAN	40.00	Highest	$124,490	$15,586	$140,076

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	$26,016,362	$25,343,416	$101,109,680	$672,946
2023	$25,650,557	$26,043,792	$95,415,919	$-393,235
2022	$24,527,313	$25,134,140	$85,287,908	$-606,827
2021	$22,632,419	$23,060,089	$77,827,017	$-427,670
2020	$21,197,805	$22,265,877	$73,541,394	$-1,068,072
2019	$22,352,862	$24,616,833	$69,554,857	$-2,263,971
2018	$23,687,651	$23,636,667	$64,623,281	$50,984

MINNESOTA VALLEY COOPERATIVE LIGHT & POWER ASSOCIATION