STEARNS ELECTRIC ASSOCIATION TRUST

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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

1993

Legal Domicile

Principal Officer

RONALD PAULSEN

Phone

8009620655

Tax Period

2025-01-01 to 2025-12-31

STEARNS ELECTRIC ASSOCIATION TRUST, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $206K in total revenue in fiscal year 2025. Expenses of $194K left a modest 6% surplus.

Mission

TO SERVE AS RESPONSIBLE STEWARDS OF THE GENEROSITY OF STEARNS ELECTRIC ASSOCIATION MEMBER-CONSUMERS AND DISTRIBUTE GRANT FUNDS IN A MANNER THAT ENHANCES THE OVERALL QUALITY OF LIFE IN OUR LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $190,546 Revenue: $0

THE ORGANIZATION COLLECTS AND DISBURSES FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE AREA SERVED BY STEARNS COOPERATIVE ELECTRIC ASSOCIATION. GRANTS ARE GIVEN TO CHARITABLE ORGANIZATIONS...

THE ORGANIZATION COLLECTS AND DISBURSES FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE AREA SERVED BY STEARNS COOPERATIVE ELECTRIC ASSOCIATION. GRANTS ARE GIVEN TO CHARITABLE ORGANIZATIONS, WORTHY CAUSES, & INDIVIDUALS IN NEED AFTER THE BOARD REVIEWS AN "OPERATION ROUND UP APPLICATION" REQUESTING FUNDS. ORGANIZATIONS OR INDIVIDUALS REQUESTING FUNDS EXPLAIN WHAT THE FUNDS WILL BE USED FOR AND WHY THEY ARE IN NEED. PROFILE INFORMATION ON THE APPLICATION IS ALSO USED AS THE BASIS FOR A GRANT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $205,631

Program Service Revenue $0

Investment Income $430

Other Revenue $0

TOTAL REVENUE $206,061

Expense Breakdown

Grants Paid $190,546

Salaries & Benefits $2,800

Fundraising Expenses $0

Program Expenses $190,546

Other Expenses $1,032

TOTAL EXPENSES $194,378

Year-over-Year Comparison

	2025	2024	Change
Revenue	$206,061	$202,713	+0.0%
Expenses	$194,378	$190,953	+0.0%
Net Income	$11,683	$11,760	0.0%

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

N/A

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

$436,646

Total Directors

$2,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD PAULSEN	PRESIDENT	0.37	Officer Director	$500	$0	$500
CHRIS BERGMAN	VICE PRESIDENT	0.19	Officer Director	$200	$0	$200
STEVE GUDGELL	SECRETARY/TREASURER	0.33	Officer Director	$400	$0	$400
AL POSER	DIRECTOR	0.29	Director	$300	$0	$300
MEREDITH ULRICH	DIRECTOR	0.29	Director	$300	$0	$300
DAVID CEBULLA	DIRECTOR	0.29	Director	$300	$0	$300
NICOLE HOLTHAUS	DIRECTOR	0.29	Director	$300	$0	$300
MIKE MEAGHER	DIRECTOR	0.12	Director	$100	$0	$100
ANN REISCHL	DIRECTOR	0.19	Director	$200	$0	$200
CONNIE SPANSWICK	DIRECTOR	0.19	Director	$200	$0	$200
MATT O'SHEA	CEO-STEARNS ELECTRIC ASSOC	0.00	Officer	$0	$127,462	$435,546

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
2025	$206,061	$194,378	$80,530	$11,683
2024	$202,713	$190,953	$68,847	$11,760