PKM ELECTRIC COOPERATIVE INC (EIN 410484875) - 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

1940

Legal Domicile

Principal Officer

KAREN OLSON

Phone

2187454711

Tax Period

2024-01-01 to 2024-12-31

PKM ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $16.4M in total revenue in fiscal year 2024. Expenses of $15.8M left a modest 4% surplus.

Mission

SALE OF ELECTRICITY TO 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 $15,754,752

Investment Income $558,721

Other Revenue $118,831

TOTAL REVENUE $16,432,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,284

Fundraising Expenses $0

Other Expenses $13,855,419

TOTAL EXPENSES $15,754,750

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,432,304	$15,284,496	+0.1%
Expenses	$15,754,750	$15,094,578	+0.0%
Net Income	$677,554	$189,918	+2.6%

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

$414,875

Total Directors

$68,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HATTON	PRESIDENT	8.00	Officer Director	$12,800	$0	$12,800
WAYNE MALM	SECRETARY TREASURER	8.00	Officer Director	$7,050	$0	$7,050
TOM WOINAROWICZ	DIRECTOR	5.00	Director	$6,050	$0	$6,050
STEVE GOODWIN	DIRECTOR	5.00	Director	$6,050	$0	$6,050
BLAKE OWENS	DIRECTOR	5.00	Director	$7,800	$0	$7,800
PAUL AAKRE	DIRECTOR	5.00	Director	$7,550	$0	$7,550
CHRIS MORTENSON	DIRECTOR	5.00	Director	$7,050	$0	$7,050
CLIFFORD PETERSON	VICE PRESIDENT	8.00	Officer Director	$8,050	$0	$8,050
JERRED COPP	DIRECTOR	5.00	Director	$6,300	$0	$6,300
KAREN OLSON	CFO	50.00	Officer	$121,435	$49,338	$170,773
JEFFREY RUSTAD	CEO	50.00	Officer	$148,997	$67,205	$216,202
JOE MARCOTTE	OPERATIONS MANAGER	50.00	Highest	$116,954	$92,888	$209,842
SCOTT SLUSAR	LINE FOREMAN	40.00	Highest	$130,883	$43,122	$174,005
CALEB NOVAK	JOURNEYMAN LINEWORKER	40.00	Highest	$114,291	$19,436	$133,727
BEN PAHLEN	LINE SUB-FOREMAN	40.00	Highest	$110,287	$35,963	$146,250
CHRIS DEROSIER	LINE FOREMAN/SAFETY COORDINATOR	40.00	Highest	$107,029	$70,030	$177,059

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	$16,432,304	$15,754,750	$41,644,641	$677,554
2023	$15,284,496	$15,094,578	$38,351,962	$189,918
2022	$15,190,253	$14,858,333	$35,400,036	$331,920
2021	$14,516,004	$13,757,347	$34,625,055	$758,657
2020	$15,210,319	$14,675,808	$33,297,526	$534,511
2019	$15,433,899	$15,118,132	$31,051,007	$315,767
2018	$14,814,247	$14,612,004	$29,572,203	$202,243

PKM ELECTRIC COOPERATIVE INC