CLEARWATER-POLK ELECTRIC COOPERATIVE INC (EIN 410654789) - 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

1947

Legal Domicile

Principal Officer

DEANNA LEFEBVRE

Phone

2186946241

Tax Period

2024-01-01 to 2024-12-31

CLEARWATER-POLK ELECTRIC COOPERATIVE INC, founded in 1947, is a mid-sized nonprofit that reported $10.3M in total revenue in fiscal year 2024.

Mission

ELECTRICAL DISTRIBUTION COOPERATIVE WITH SALE OF ELECTRICITY TO APPROXIMATELY 4,594 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 $10,187,168

Investment Income $15,798

Other Revenue $53,947

TOTAL REVENUE $10,256,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,017,525

Fundraising Expenses $0

Other Expenses $7,969,773

TOTAL EXPENSES $10,185,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,256,913	$10,382,499	0.0%
Expenses	$10,185,531	$10,175,331	+0.0%
Net Income	$71,382	$207,168	-0.7%

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

$835,814

Total Directors

$37,626

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY SURDEZ	DIRECTOR	2.00	Director	$7,981	$0	$7,981
GREG RENNER	PRESIDENT/DIRECTOR	2.00	Officer Director	$6,277	$0	$6,277
DENNIS ENGEBRETSON	DIRECTOR	2.00	Director	$6,014	$0	$6,014
CHERYL GROVER	VICE PRESIDENT/DIRECTOR	2.00	Officer Director	$5,900	$0	$5,900
HARLAN HIGHBERG	DIRECTOR	2.00	Director	$4,477	$0	$4,477
DOUG LINDGREN	DIRECTOR (START APR 2024)	2.00	Director	$3,000	$0	$3,000
KIM SOLBERG	SECRETARY/TREASURER	2.00	Officer Director	$2,977	$0	$2,977
BILL LANNERS	DIRECTOR (THROUGH MARCH 2024)	2.00	Director	$1,000	$0	$1,000
DEANNA LEFEBVRE	GENERAL MANAGER	40.00	Officer	$185,554	$159,324	$344,878
ANGELA SCHNEIDER	OFFICE AND FINANCE MANAGER	40.00	Officer	$112,064	$32,420	$144,484
TODD WAGGONER	OPERATIONS MANAGER	40.00	Officer	$113,028	$85,363	$198,391
MATTHEW RENDAHL	MEMBER SERVICE MANAGER	40.00	Officer	$98,251	$34,656	$132,907
TRAVIS TREFZ	JOURNEYMAN LINEMAN	40.00	Highest	$118,128	$18,825	$136,953
TRAVIS HUOT	LINE FOREMAN	40.00	Highest	$115,691	$43,930	$159,621
IAN WILLBORG	LINEMAN	40.00	Highest	$114,719	$16,462	$131,181
MIKE GIRTZ	LINE FOREMAN	40.00	Highest	$104,713	$59,479	$164,192
JOSH HENDRICKS	LEAD LINEMAN	40.00	Highest	$103,861	$42,280	$146,141

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	$10,256,913	$10,185,531	$23,404,579	$71,382
2023	$10,382,499	$10,175,331	$22,875,491	$207,168
2022	$10,516,706	$10,295,232	$22,739,377	$221,474
2021	$10,431,714	$10,004,368	$22,414,595	$427,346
2020	$9,916,145	$9,700,649	$21,716,441	$215,496
2019	$9,997,650	$9,945,353	$21,595,600	$52,297
2018	$10,190,971	$10,129,863	$21,150,020	$61,108

CLEARWATER-POLK ELECTRIC COOPERATIVE INC