PEOPLE'S COOPERATIVE SERVICES

EIN: 410473341

ORONOCO, MN

Total Revenue
$58,283,541
Total Expenses
$56,974,643
Total Assets
$192,082,622
Net Assets
$71,698,032
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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
MN
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.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
69
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
2
$643,624
Total Directors
7
$151,201
Key Employees
0
$0
Highest Compensated
5
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
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