PEOPLE'S COOPERATIVE SERVICES

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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

DODY WUBKER

Phone

5073677000

Tax Period

2024-01-01 to 2024-12-31

PEOPLE'S COOPERATIVE SERVICES, founded in 1936, is a mid-sized nonprofit that reported $58.3M in total revenue in fiscal year 2024.

Mission

TO DISTRIBUTE ELECTRICITY TO THE MEMBERS OF THE ELECTRIC COOPERATIVE.

Program Service Accomplishments

Program 1

THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO BUY ELECTRIC ENERGY AND SELL ELECTRIC ENERGY TO ITS 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 $56,404,006

Investment Income $204,887

Other Revenue $1,674,648

TOTAL REVENUE $58,283,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $752,186

Fundraising Expenses $0

Other Expenses $52,871,816

TOTAL EXPENSES $56,974,643

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,283,541	$55,571,089	+0.0%
Expenses	$56,974,643	$55,304,121	+0.0%
Net Income	$1,308,898	$266,968	+3.9%

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

$643,624

Total Directors

$151,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY LAURITZEN	BOARD TREASURER	16.71	Director	$27,513	$0	$27,513
JOHN D WINTER	DIRECTOR	9.54	Director	$24,475	$0	$24,475
JODIE TVEDT	BOARD VICE CHAIR	10.33	Director	$22,075	$0	$22,075
JEROME WOONER	BOARD CHAIR	12.13	Director	$19,725	$0	$19,725
ARTHER FRIEDRICH	DIRECTOR	10.13	Director	$19,675	$0	$19,675
JEFFERY ORTH	DIRECTOR	8.71	Director	$19,225	$0	$19,225
JONATHAN KROENING	BOARD SECRETARY	11.13	Director	$18,513	$0	$18,513
MICHAEL J HENKE	CEO/PRESIDENT	50.00	Officer	$281,455	$130,259	$411,714
DODY WUBKER	CFO	50.00	Officer	$150,806	$81,104	$231,910
MICHELLE OLSON	VICE PRESIDENT OF INFORMATION AND SERVICES	50.00	Highest	$154,156	$77,561	$231,717
TYLER STEINBRINK	LINEWORKER	53.00	Highest	$153,198	$52,667	$205,865
GWEN STEVENS	VICE PRESIDENT OF COOPERATIVE RELATIONS	50.00	Highest	$153,038	$76,180	$229,218
NICHOLAS WOETZEL	VICE PRESIDENT OF OPERATIONS	50.00	Highest	$136,371	$60,940	$197,311
NATHAN CLIFF	LINEWORKER	50.00	Highest	$134,511	$57,657	$192,168

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	$58,283,541	$56,974,643	$192,082,622	$1,308,898
2023	$55,571,089	$55,304,121	$183,327,546	$266,968
2022	$57,980,247	$53,763,724	$177,175,352	$4,216,523
2021	$51,884,380	$51,617,928	$177,535,847	$266,452
2020	$50,934,128	$51,260,027	$172,670,838	$-325,899
2019	$51,388,907	$50,450,039	$167,879,984	$938,868
2018	$50,915,021	$50,062,893	$157,429,718	$852,128