ROSEAU ELECTRIC COOPERATIVE INC

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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

RYAN SEVERSON

Phone

2184631543

Tax Period

2024-01-01 to 2024-12-31

ROSEAU ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $20.4M in total revenue in fiscal year 2024.

Mission

ROSEAU ELECTRIC COOPERATIVE IS COMMITTED TO PROVIDING ITS MEMBER OWNERS LOW COST, HIGH QUALITY, SAFE, AND RELIABLE ELECTRICITY WITH FRIENDLY, EFFICIENT, AND KNOWLEDGEABLE SERVICE.

Program Service Accomplishments

Program 1

THE COOPERATIVE DELIVERS ELECTRIC ENERGY TO ITS 6,737 MEMBERS. THE COOPERATIVE SERVES 2,188 MILES.

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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 $19,679,288

Investment Income $77,889

Other Revenue $682,047

TOTAL REVENUE $20,439,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,408,246

Fundraising Expenses $0

Other Expenses $16,159,507

TOTAL EXPENSES $20,212,848

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,439,224	$20,588,990	0.0%
Expenses	$20,212,848	$20,027,627	+0.0%
Net Income	$226,376	$561,363	-0.6%

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

$544,352

Total Directors

$63,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE TESAREK	DIRECTOR	6.71	Director	$9,100	$0	$9,100
JAMES CHRISTIANSON	DIRECTOR	6.00	Director	$8,950	$0	$8,950
KERMIT JENSEN	DIRECTOR	5.67	Director	$7,850	$0	$7,850
BRIAN GRAFSTROM	VICE PRESIDENT	5.87	Officer Director	$7,850	$0	$7,850
MARK SAX	PRESIDENT	4.22	Officer Director	$5,750	$0	$5,750
MIKE WAHL	SECRETARY/TREASURER	4.02	Officer Director	$5,500	$0	$5,500
SHAWN GUST	DIRECTOR	7.51	Director	$4,750	$0	$4,750
RONALD STOREY	DIRECTOR (STARTED APRIL 2024)	3.33	Director	$4,600	$0	$4,600
ROBERT TUTTLE	DIRECTOR (STARTED APRIL 2024)	3.22	Director	$4,250	$0	$4,250
EDWARD WALSH	DIRECTOR (THROUGH APRIL 2024)	11.69	Director	$3,500	$0	$3,500
JAMES HALLAN	VICE PRESIDENT (THROUGH APRIL 2024)	3.08	Officer Director	$1,250	$0	$1,250
TRACEY STOLL	GENERAL MANAGER	40.00	Officer	$176,324	$133,217	$309,541
RYAN SEVERSON	ASSISTANT MANAGER	40.00	Officer	$160,226	$54,235	$214,461
MICHAEL MILLNER	LINE SUPERINTENDENT	40.00	Highest	$122,939	$74,709	$197,648
RALPH LANDMAN	LINE CREW FOREMAN	40.00	Highest	$117,514	$48,780	$166,294
JEREMY LINDEMANN	MEMBER SERVICE DIRECTOR	40.00	Highest	$113,775	$52,859	$166,634
JUSTIN OLSON	LINEMAN	40.00	Highest	$108,575	$61,858	$170,433
ALEX MCMILLIN	OFFICE MANAGER	40.00	Highest	$107,011	$58,467	$165,478

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	$20,439,224	$20,212,848	$46,463,378	$226,376
2023	$20,588,990	$20,027,627	$44,718,251	$561,363
2022	$20,847,676	$20,425,915	$42,951,995	$421,761
2021	$19,513,008	$18,596,565	$41,619,663	$916,443
2020	$19,891,415	$19,416,727	$39,495,654	$474,688
2019	$19,884,154	$19,575,142	$37,396,425	$309,012
2018	$19,630,549	$19,369,936	$37,387,283	$260,613