NOBLES COOPERATIVE ELECTRIC (EIN 410443755) - 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

1936

Legal Domicile

Principal Officer

ADAM TROMBLAY

Phone

5073727331

Tax Period

2023-01-01 to 2023-12-31

NOBLES COOPERATIVE ELECTRIC, founded in 1936, is a mid-sized nonprofit that reported $23.1M in total revenue in fiscal year 2023.

Mission

MAINTAIN OUR ELECTRICAL DISTRIBUTION SYSTEM & PROVIDE ELECTRICITY TO MEMBERS IN RURAL AREAS

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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 $21,442,526

Investment Income $571,426

Other Revenue $1,117,167

TOTAL REVENUE $23,131,119

Expense Breakdown

Grants Paid $20,011

Salaries & Benefits $430,048

Fundraising Expenses $0

Other Expenses $20,198,073

TOTAL EXPENSES $22,742,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,131,119	$23,725,160	0.0%
Expenses	$22,742,483	$23,659,088	0.0%
Net Income	$388,636	$66,072	+4.9%

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

$399,498

Total Directors

$56,395

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD SCHWARTAU	PRESIDENT	3.10	Officer Director	$9,165	$0	$9,165
LEE YORK	VICE PRESIDENT	11.19	Officer Director	$7,025	$0	$7,025
CINDY HOKENESS	SECRETARY/TREASURER	7.04	Officer Director	$9,655	$0	$9,655
JERRY BECKERING	DIRECTOR	5.00	Director	$9,360	$0	$9,360
GARY CLARKE	DIRECTOR	3.67	Director	$7,505	$0	$7,505
TIMOTHY BICKETT	DIRECTOR	3.56	Director	$8,300	$0	$8,300
DAVID DORPINGHAUS	DIRECTOR	1.25	Director	$5,385	$0	$5,385
ADAM TROMBLAY	CHIEF EXECUTIVE OFFICER	45.00	Officer	$200,074	$63,397	$263,471
MICHAEL REEMTSMA	CHIEF FINANCIAL OFFICER	45.00	Officer	$89,401	$20,781	$110,182
JEFFERY AHLSCHLAGER	JOURNEYMAN LINEMAN	40.00	Highest	$100,597	$41,925	$142,522
RYAN LOOMANS	LINEMAN	40.00	Highest	$105,812	$14,543	$120,355
DRAKE TUTT	JOURNEYMAN LINEMAN	40.00	Highest	$103,852	$2,973	$106,825
DUSTIN SYKORA	LINEMAN	40.00	Highest	$107,492	$4,384	$111,876

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	$23,131,119	$22,742,483	$72,464,886	$388,636
2022	$23,725,160	$23,659,088	$71,903,264	$66,072
2021	$22,419,129	$24,321,656	$66,930,891	$-1,902,527
2020	$20,443,055	$20,545,431	$63,710,475	$-102,376
2019	$22,053,939	$21,922,002	$60,824,253	$131,937
2018	$21,679,205	$21,414,120	$58,329,105	$265,085

NOBLES COOPERATIVE ELECTRIC