STEARNS COOPERATIVE ELECTRIC ASSOCIATION (EIN 410558175) - 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

1937

Legal Domicile

Principal Officer

MATTHEW O'SHEA

Phone

8009620655

Tax Period

2024-01-01 to 2024-12-31

STEARNS COOPERATIVE ELECTRIC ASSOCIATION, founded in 1937, is a mid-sized nonprofit that reported $71.5M in total revenue in fiscal year 2024.

Mission

GENERATION AND PURCHASE OF ELECTRICITY FOR DISTRIBUTION ON A COOPERATIVE BASIS 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 $68,905,868

Investment Income $558,855

Other Revenue $2,045,560

TOTAL REVENUE $71,510,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $839,703

Fundraising Expenses $0

Other Expenses $64,038,249

TOTAL EXPENSES $71,510,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,510,283	$68,934,211	+0.0%
Expenses	$71,510,283	$68,934,211	+0.0%
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

$455,464

Total Directors

$156,850

Key Employees

$285,989

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC PETERSON	PRESIDENT	8.00	Officer Director	$21,050	$0	$21,050
RANDALL ROTHSTEIN	VICE PRESIDENT	5.00	Officer Director	$17,000	$0	$17,000
MICHAEL CRAMER	SECRETARY/TREASURER	7.00	Officer Director	$20,550	$0	$20,550
ROBERT NIEHAUS	DIRECTOR	6.00	Director	$16,000	$0	$16,000
ARLYN LAWRENZ	DIRECTOR	8.00	Director	$16,000	$0	$16,000
GREG BLAINE	DIRECTOR	5.00	Director	$16,000	$0	$16,000
JEROME FRIES	DIRECTOR	7.00	Director	$16,000	$0	$16,000
JEFF KOEHLER	DIRECTOR	6.00	Director	$15,750	$0	$15,750
SCOTT DIRKES	DIRECTOR	8.00	Director	$18,500	$0	$18,500
MATTHEW O'SHEA	CEO	45.00	Officer	$280,547	$116,317	$396,864
VICTORIA A HERKENHOFF	VP OF ADMINISTRATION AND FINANCE	45.00	Key Emp	$192,344	$93,645	$285,989
CINDY ANDERSON	MANAGER OF FINANCE	45.00	Highest	$149,559	$81,014	$230,573
GLENN BLOMMEL	MANAGER OF OPERATIONS	48.00	Highest	$176,921	$88,825	$265,746
RYAN ZIERDEN	MANAGER OF IT	50.00	Highest	$163,745	$67,503	$231,248
JAMES TURNER	MANAGER OF ENGINEERING	43.00	Highest	$147,008	$51,698	$198,706
JACOB RONNING	JOUNEYMAN LINEMAN	47.27	Highest	$142,966	$27,844	$170,810

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	$71,510,283	$71,510,283	$190,422,858	No data
2023	$68,934,211	$68,934,211	$164,428,387	No data
2022	$64,351,952	$64,351,952	$157,900,352	No data
2021	$65,381,947	$65,381,947	$153,957,017	No data
2020	$61,265,048	$61,265,048	$147,743,922	No data
2019	$60,899,451	$60,899,451	$142,108,580	No data
2018	$60,381,799	$60,381,799	$137,573,482	No data

STEARNS COOPERATIVE ELECTRIC ASSOCIATION