PELLA COOPERATIVE ELECTRIC ASSOCIATION (EIN 420461075) - 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

1936

Legal Domicile

Principal Officer

DOUGLAS STEWART

Phone

6416281040

Tax Period

2025-01-01 to 2025-12-31

PELLA COOPERATIVE ELECTRIC ASSOCIATION, founded in 1936, is a community nonprofit that reported $9.4M in total revenue in fiscal year 2025. Expenses of $8.7M left a modest 7% surplus.

Mission

DISTRIBUTION COOPERATIVE PROVIDING ELECTRIC SERVICE FOR FIVE COUNTIES IN SOUTH CENTRAL IOWA.

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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 $0

Program Service Revenue $8,887,256

Investment Income $71,297

Other Revenue $414,841

TOTAL REVENUE $9,373,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,151

Fundraising Expenses $0

Other Expenses $7,995,159

TOTAL EXPENSES $8,671,339

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,373,394	$8,896,399	+0.1%
Expenses	$8,671,339	$8,163,654	+0.1%
Net Income	$702,055	$732,745	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

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

$284,901

Total Directors

$69,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE VER PLOEG	PRESIDENT	3.42	Officer Director	$8,930	$0	$8,930
STEVE INSKEEP	VICE PRESIDENT	5.69	Officer Director	$12,015	$0	$12,015
CARROLL HOKSBERGEN	TREASURER	3.92	Officer Director	$9,100	$0	$9,100
ROBERT VAN SOELEN	TREASURER - PART YEAR	7.12	Officer Director	$7,485	$0	$7,485
DARRELL BOOT	ASST. SECRETARY/TREASURER	2.81	Officer Director	$8,650	$0	$8,650
BRYCE ARKEMA	SECRETARY	3.67	Officer Director	$9,730	$0	$9,730
JON VAN WOERKOM	DIRECTOR	3.61	Director	$10,850	$0	$10,850
ROY JAHNER	DIRECTOR	4.19	Director	$2,400	$0	$2,400
DOUG STEWART	CEO	47.00	Officer	$171,817	$57,174	$228,991

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	$9,373,394	$8,671,339	$32,668,211	$702,055
2024	$8,896,399	$8,163,654	$31,625,577	$732,745
2023	$8,311,439	$7,704,510	$31,232,690	$606,929
2022	$8,189,747	$7,741,951	$30,802,510	$447,796
2021	$7,320,362	$7,049,407	$28,046,134	$270,955
2020	$7,391,633	$6,966,612	$25,417,419	$425,021
2019	$7,511,245	$7,000,354	$23,679,362	$510,891
2018	$7,725,579	$7,025,402	$23,704,614	$700,177

PELLA COOPERATIVE ELECTRIC ASSOCIATION