TODD-WADENA ELECTRIC COOPERATIVE INC (EIN 410579258) - 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

1940

Legal Domicile

Principal Officer

LISA GRABA-MEECH

Phone

2186313120

Tax Period

2023-01-01 to 2023-12-31

TODD-WADENA ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $23.1M in total revenue in fiscal year 2023.

Mission

TO PROVIDE RELIABLE, SAFE AND AFFORDABLE ELECTRICITY TO OUR 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 $22,025,688

Investment Income $91,697

Other Revenue $934,748

TOTAL REVENUE $23,052,133

Expense Breakdown

Grants Paid $24,009

Salaries & Benefits $649,304

Fundraising Expenses $0

Other Expenses $20,938,273

TOTAL EXPENSES $23,017,414

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,052,133	$22,509,338	+0.0%
Expenses	$23,017,414	$22,592,159	+0.0%
Net Income	$34,719	$-82,821	-1.4%

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

$566,626

Total Directors

$95,610

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MILES KUSCHEL	BOARD CHAIR	14.00	Director	$18,360	$0	$18,360
TOM BRICHACEK	VICE CHAIR	9.00	Director	$13,225	$0	$13,225
DALE ADAMS	TREASURER	8.00	Director	$13,975	$0	$13,975
KRISTINE SPADGENSKE	DIRECTOR	8.00	Director	$13,075	$0	$13,075
MARIE KATTERHAGEN	SECRETARY	5.00	Director	$12,475	$0	$12,475
GENE KERN	DIRECTOR	6.00	Director	$12,775	$0	$12,775
MICHAEL THORSON	DIRECTOR	4.00	Director	$11,725	$0	$11,725
DAN CARLISLE	PRESIDENT/CEO	45.00	Officer	$241,791	$84,757	$326,548
LISA GRABA-MEECH	FINANCE MANAGER/CFO	45.00	Officer	$150,533	$89,545	$240,078
TYLER FISHER	OPERATIONS MANAGER	45.00	Highest	$134,493	$45,297	$179,790
JON GRENIER	CREW CHIEF	42.00	Highest	$120,618	$50,987	$171,605
JASON ORLANDO	CREW CHIEF	42.00	Highest	$117,636	$56,389	$174,025
JAMIE LINE	CREW CHIEF	42.40	Highest	$125,079	$28,440	$153,519
ALLISON FREDERICKSON	MEMBER SERVICE MANAGER	45.00	Highest	$140,376	$40,276	$180,652

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	$23,052,133	$23,017,414	$63,637,493	$34,719
2022	$22,509,338	$22,592,159	$62,043,419	$-82,821
2021	$21,851,926	$22,054,776	$59,373,114	$-202,850
2020	$20,246,671	$20,318,409	$57,150,101	$-71,738
2019	$20,884,206	$20,904,663	$53,836,529	$-20,457
2018	$20,480,878	$20,484,906	$53,103,770	$-4,028

TODD-WADENA ELECTRIC COOPERATIVE INC