WRIGHT-HENNEPIN ELECTRIC TRUST

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

RONALD ZACHMAN

Phone

7634773000

Tax Period

2024-01-01 to 2024-12-31

WRIGHT-HENNEPIN ELECTRIC TRUST, founded in 1994, is a small nonprofit in the Human Services sector that reported $269K in total revenue in fiscal year 2024.

Mission

THE PURPOSE OF THE TRUST SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES PRIMARILY IN THE AREAS SERVED BY WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $245,340

DONATIONS TO CHARITIES IN THE WRIGHT-HENNEPIN ELECTRIC COOPERATIVE ASSOCIATION AREA FOR PURPOSE OF COMMUNITY SERVICE, EDUCATION & YOUTH, ENVIRONMENT AND EMERGENCY ENERGY ASSISTANCE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $267,441

Program Service Revenue $0

Investment Income $1,164

Other Revenue $0

TOTAL REVENUE $268,605

Expense Breakdown

Grants Paid $245,340

Salaries & Benefits $6,665

Fundraising Expenses $0

Program Expenses $245,340

Other Expenses $18,398

TOTAL EXPENSES $270,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,605	$256,717	+0.0%
Expenses	$270,403	$290,617	-0.1%
Net Income	$-1,798	$-33,900	-0.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$2,945

Total Directors

$6,665

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD ZACHMAN	CHAIR	0.50	Officer Director	$775	$0	$775
BRENDA MOY	VICE CHAIR	0.30	Officer Director	$775	$0	$775
CAROL HALVORSON	TREASURER	0.30	Officer Director	$620	$0	$620
SHARON GLESSING	SECRETARY	0.30	Officer Director	$775	$0	$775
CONNIE ERICKSON	DIRECTOR	0.30	Director	$775	$0	$775
SHARON FOWLER	DIRECTOR	0.30	Director	$775	$0	$775
CATHRINE LEUER	DIRECTOR	0.30	Director	$775	$0	$775
MARIBETH NEARY	DIRECTOR (BEG OCT)	0.50	Director	$310	$0	$310
TAMI ODENTHAL	DIRECTOR (END JUN)	0.20	Director	$310	$0	$310
TRAVIS THEISS	DIRECTOR	0.30	Director	$775	$0	$775

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	$268,605	$270,403	$50,404	$-1,798
2023	$256,717	$290,617	$52,202	$-33,900
2022	$251,343	$249,184	$86,102	$2,159
2021	$243,860	$235,888	$83,943	$7,972
2020	$235,367	$220,844	$75,971	$14,523
2019	$229,220	$212,227	$61,448	$16,993
2018	$223,601	$271,451	$44,455	$-47,850