RENVILLE - SIBLEY COOPERATIVE POWER ASSOCIATION (EIN 410501059) - 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

1938

Legal Domicile

Principal Officer

DEEANNE NORRIS

Phone

3208262593

Tax Period

2023-01-01 to 2023-12-31

RENVILLE - SIBLEY COOPERATIVE POWER ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $17.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC SERVICE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,895,247

Investment Income $213,283

Other Revenue $1,140,937

TOTAL REVENUE $17,249,467

Expense Breakdown

Grants Paid $17,996

Salaries & Benefits $767,270

Fundraising Expenses $0

Other Expenses $14,676,246

TOTAL EXPENSES $17,249,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,249,467	$16,394,612	+0.1%
Expenses	$17,249,467	$16,394,612	+0.1%
Net Income	$0	$0	N/A

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

$772,297

Total Directors

$47,157

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY EEKHOFF	DIRECTOR	3.40	Director	$7,963	$0	$7,963
ROGER MANTHEI	CHAIRMAN	4.30	Director	$7,225	$0	$7,225
GARY PETERSON	DIRECTOR	2.30	Director	$5,300	$0	$5,300
HELEN RUEBEL	DIRECTOR	2.30	Director	$4,950	$0	$4,950
KYLIE RIEKE	DIRECTOR (THROUGH SEPTEMBER 2023)	2.90	Director	$4,690	$0	$4,690
WAYLAND ZASKE	SECRETARY/TREASURER	1.60	Director	$4,375	$0	$4,375
ALAN HINDERMAN	VICE CHAIRMAN	1.70	Director	$3,979	$0	$3,979
ALAN NEYERS	DIRECTOR	1.80	Director	$3,550	$0	$3,550
JEFF BOERSMA	DIRECTOR (STARTED APRIL 2023)	1.60	Director	$2,600	$0	$2,600
VICKY FIRLE	DIRECTOR (STARTED OCTOBER 2023)	1.10	Director	$1,425	$0	$1,425
MATTHEW HAUBRICH	DIRECTOR (THROUGH MARCH 2023)	2.00	Director	$1,100	$0	$1,100
DEEANNE NORRIS	CEO	50.00	Officer	$233,776	$124,601	$358,377
GENE ALLEX	LINE SUPERINTENDENT	40.00	Officer	$108,195	$61,902	$170,097
CINDY MERTENS	ADMINISTRATIVE SERVICES	45.00	Officer	$80,089	$53,170	$133,259
NICK BRUNS	TECHNOLOGY MANAGER	45.00	Officer	$75,216	$35,348	$110,564
BRADLEY BRAULICK	CREW CHIEF	40.84	Highest	$107,338	$40,642	$147,980
SHAWN BECKLER	CREW CHIEF	43.09	Highest	$105,749	$46,450	$152,199
CLINT OLSON	JOURNEYMAN LINEMAN	42.99	Highest	$105,728	$19,053	$124,781
MIKE BENSON	JOURNEYMAN LINEMAN	43.13	Highest	$100,921	$35,381	$136,302
BRAYDEN FISCHER	JOURNEYMAN LINEMAN	43.22	Highest	$100,667	$32,152	$132,819

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	$17,249,467	$17,249,467	$53,881,804	No data
2022	$16,394,612	$16,394,612	$53,050,919	No data
2021	$17,258,635	$17,258,717	$40,713,973	$-82
2020	$16,486,591	$16,486,591	$38,100,201	No data
2019	$15,413,902	$15,413,902	$36,246,692	No data
2018	$17,860,838	$17,860,838	$35,795,555	No data

RENVILLE - SIBLEY COOPERATIVE POWER ASSOCIATION