AGRALITE ELECTRIC COOPERATIVE

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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

1939

Legal Domicile

Principal Officer

WARREN RAU

Phone

3208434150

Tax Period

2024-01-01 to 2024-12-31

AGRALITE ELECTRIC COOPERATIVE, founded in 1939, is a mid-sized nonprofit that reported $26.5M in total revenue in fiscal year 2024.

Mission

TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE AND OTHER RELATED PRODUCTS TO IMPROVE THE QUALITY OF LIFE IN OUR REGION.

Program Service Accomplishments

Program 1

DISTRIBUTE ELECTRIC POWER TO APPROXIMATELY 5,679 MEMBERS ON 2,443 MILES OF LINE.

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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 $26,001,963

Investment Income $472,113

Other Revenue $65,592

TOTAL REVENUE $26,539,668

Expense Breakdown

Grants Paid $5,839

Salaries & Benefits $3,826,179

Fundraising Expenses $0

Other Expenses $20,752,373

TOTAL EXPENSES $25,768,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,539,668	$27,033,215	0.0%
Expenses	$25,768,343	$26,307,806	0.0%
Net Income	$771,325	$725,409	+0.1%

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

$476,870

Total Directors

$89,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN RAU	PRESIDENT	8.00	Officer Director	$14,300	$0	$14,300
ORVIN GRONSETH	VICE PRESIDENT	7.00	Officer Director	$12,150	$0	$12,150
JEFF HUFFORD	SECRETARY/TREASURER	8.00	Officer Director	$10,600	$0	$10,600
KATHY DRAEGER	DIRECTOR	3.00	Director	$13,600	$0	$13,600
STEVE NELSON	DIRECTOR	6.00	Director	$11,250	$0	$11,250
ANDREA THOMSON	DIRECTOR	5.00	Director	$13,650	$0	$13,650
BENNETT ZIERKE	DIRECTOR	5.00	Director	$13,650	$0	$13,650
JENNIFER STRYHN	CEO	50.00	Officer	$224,311	$52,689	$277,000
STEPHANIE WROBLESKI	CFO	45.00	Officer	$129,133	$33,687	$162,820
THOMAS HOFFMAN	OPERATIONS MANAGER	55.00	Highest	$166,667	$70,983	$237,650
JONANTHAN MESSNER	MEMBER SERVICES MANAGER	55.00	Highest	$144,342	$38,426	$182,768
ROBERT HOBERG	LEAD LINEMAN/FOREMEN	40.00	Highest	$129,062	$72,719	$201,781
JEREMY SCHAUER	LEAD LINEMAN/FOREMEN	40.00	Highest	$120,781	$24,996	$145,777
CHRIS LARSON	LEAD LINEMAN/FOREMEN	40.00	Highest	$121,923	$15,630	$137,553

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	$26,539,668	$25,768,343	$80,313,301	$771,325
2023	$27,033,215	$26,307,806	$73,316,237	$725,409
2022	$25,358,621	$24,722,194	$70,519,941	$636,427
2021	$24,861,344	$23,842,283	$69,462,503	$1,019,061
2020	$23,129,437	$22,688,478	$66,398,391	$440,959
2019	$23,619,317	$23,128,504	$61,014,368	$490,813
2018	$23,454,541	$22,957,343	$55,721,404	$497,198