FARMERS ELECTRIC COOPERATIVE (EIN 420245083) - 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

1916

Legal Domicile

Principal Officer

TIM HEISDORFFER

Phone

3196832510

Tax Period

2024-01-01 to 2024-12-31

FARMERS ELECTRIC COOPERATIVE, founded in 1916, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $720K, a strong 20% operating margin.

Mission

PROVIDING ELECTRIC SERVICES TO 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 $2,772,182

Investment Income $63,742

Other Revenue $701,953

TOTAL REVENUE $3,537,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,111

Fundraising Expenses $0

Other Expenses $2,692,352

TOTAL EXPENSES $2,817,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,537,877	$2,721,421	+0.3%
Expenses	$2,817,463	$2,645,178	+0.1%
Net Income	$720,414	$76,243	+8.4%

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

$118,346

Total Directors

$17,335

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN MILLER	PRESIDENT	1.00	Officer Director	$3,750	$0	$3,750
DOUG SLABAUGH	VICE PRESIDENT	1.00	Officer Director	$3,510	$0	$3,510
STEVE HAMAN	SECRETARY	1.00	Officer Director	$3,310	$0	$3,310
JOHN MAST	DIRECTOR	1.00	Director	$3,255	$0	$3,255
KEITH TROYER	DIRECTOR	1.00	Director	$3,510	$0	$3,510
TIM HEISDORFFER	GENERAL MANAGER	40.00	Officer	$91,190	$16,586	$107,776

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	$3,537,877	$2,817,463	$7,023,751	$720,414
2023	$2,721,421	$2,645,178	$7,249,296	$76,243
2022	$2,490,146	$2,546,724	$6,690,741	$-56,578
2021	$2,400,690	$2,433,914	$7,002,198	$-33,224
2020	$2,327,413	$2,283,113	$6,845,397	$44,300
2019	$2,429,472	$2,494,695	$6,546,487	$-65,223
2018	$2,329,624	$2,316,635	$6,164,538	$12,989

FARMERS ELECTRIC COOPERATIVE