MELROSE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)STEARNS COOPERATIVE ELECTRIC ASSOCIATION, founded in 1937, is a mid-sized nonprofit that reported $71.5M in total revenue in fiscal year 2024.
GENERATION AND PURCHASE OF ELECTRICITY FOR DISTRIBUTION AND SALE ON A COOPERATIVE BASIS TO MEMBERS.
SOLD 524,306,568 KWH'S TO OUR COOPERATIVE MEMBERS IN 2024. THE AVERAGE NUMBER OF TOTAL SERVICES WAS 28,559. WE OPERATE ON A COOPERATIVE BASIS TO GENERATE, PURCHASE, DISTRIBUTE, AND SELL ELECTRICITY...
SOLD 524,306,568 KWH'S TO OUR COOPERATIVE MEMBERS IN 2024. THE AVERAGE NUMBER OF TOTAL SERVICES WAS 28,559. WE OPERATE ON A COOPERATIVE BASIS TO GENERATE, PURCHASE, DISTRIBUTE, AND SELL ELECTRICITY TO OUR MEMBERS. NET PATRONAGE MARGINS, OUR NET INCOME, IS USED TO GROW OUR PLANT AND RETIRE CAPITAL CREDITS. NET MARGINS ARE ALLOCATED TO MEMBERS AND RETURNED TO OUR MEMBERS OVER TIME.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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 |
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
Sign In| 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 |
| 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 |
Compare STEARNS COOPERATIVE ELECTRIC ASSOCIATION with other nonprofits in Minnesota and across the country.