WRIGHT-HENNEPIN ELECTRIC TRUST

EIN: 411801974 501(c)(3) Human Services

ROCKFORD, MN

Total Revenue
$268,605
Total Expenses
$270,403
Total Assets
$50,404
Net Assets
$50,404
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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
1994
Legal Domicile
MN
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

PROVIDE FUNDS TO NON-PROFIT ORGANIZATIONS THAT SERVE PRIMARILY THE AREA SERVED BY WRIGHT-HENNEPIN COOPERATIVE ELECTRIC ASSOCIATION. PARTICIPATING MEMBERS OF WRIGHT-HENNEPIN COOPERATIVE ASSOCIATION CONTRIBUTE TO THE WRIGHT-HENNEPIN ELECTRIC TRUST BY ALLOWING THEIR ENERGY BILLS TO BE ROUNDED UP TO THE NEXT WHOLE DOLLAR AMOUNT EACH MONTH. THE EXCESS OF THIS ROUNDED UP AMOUNT OVER THE ENERGY BILL IS CONTRIBUTED TO THE TRUST.

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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%)

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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
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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

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Governance

Voting Members
9
Independent Members
9
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
4
$2,945
Total Directors
10
$6,665
Key Employees
0
$0
Highest Compensated
0
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
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