ACCESS ENERGY COOPERATIVE

EIN: 420503322

MT PLEASANT, IA

Total Revenue
$39,618,237
Total Expenses
$37,555,154
Total Assets
$108,807,143
Net Assets
$58,839,676
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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
1938
Legal Domicile
IA
Principal Officer
KEVIN WHEELER
Phone
3193851577
Tax Period
2023-01-01 to 2023-12-31

ACCESS ENERGY COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $39.6M in total revenue in fiscal year 2023. Expenses of $37.6M left a modest 5% surplus.

Mission

DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMER

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $39,120,352
Investment Income $499,351
Other Revenue $-1,466
TOTAL REVENUE $39,618,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,450,262
Fundraising Expenses $0
Program Expenses $37,555,154
Other Expenses $34,847,722
TOTAL EXPENSES $37,555,154

Year-over-Year Comparison

2023 2022 Change
Revenue $39,618,237 $37,852,074 +0.0%
Expenses $37,555,154 $37,087,505 +0.0%
Net Income $2,063,083 $764,569 +1.7%
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
46
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
6
$611,167
Total Directors
9
$91,320
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY BARKER DIRECTOR 7.90
Director
$11,135 $11 $11,146
ROBERT CHESTNUT III VICE PRESIDENT 6.00
Officer Director
$9,385 $16 $9,401
FRED HICKENBOTTOM DIRECTOR 5.00
Director
$9,635 $11 $9,646
DAVE HOLLINGSWORTH DIRECTOR 8.20
Director
$9,135 $16 $9,151
MIKE HOLTKAMP SECRETARY 5.40
Officer Director
$10,385 $16 $10,401
MARVIN LARSON PRESIDENT 5.90
Officer Director
$10,620 $16 $10,636
MARVIN NEWTON DIRECTOR 10.80
Director
$13,135 $11 $13,146
ROBERT SMITH TREASURER 1.00
Officer Director
$4,385 $16 $4,401
LARRY WHITE DIRECTOR 7.40
Director
$13,385 $7 $13,392
KEVIN WHEELER CEO 44.20
Officer
$213,279 $97,098 $310,377
TAMMY SNAVELY CFO 46.30
Officer
$150,284 $115,667 $265,951
TYLER THEIN DIRECTOR OF ENGINEERING 43.20
Highest
$140,107 $43,466 $183,573
DANIEL PHILLIPS DIRECTOR OF OPERATIONS 44.00
Highest
$124,053 $106,359 $230,412
ANTHONY BROWN DISTRICT FOREMAN 42.80
Highest
$117,890 $62,239 $180,129
LEVON MULLEN SERVICEMAN 45.70
Highest
$117,256 $38,387 $155,643
WILLIAM SIMON SERVICEMAN 44.30
Highest
$117,109 $58,055 $175,164
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 No data No data No data No data
2023 $39,618,237 $37,555,154 $108,807,143 $2,063,083
2022 $37,852,074 $37,087,505 $104,520,997 $764,569
2021 $38,281,251 $36,198,177 $101,668,176 $2,083,074
2020 $38,237,813 $36,042,581 $100,047,722 $2,195,232
2019 $39,829,762 $36,122,630 $97,202,427 $3,707,132
2018 $41,044,287 $37,052,362 $92,928,030 $3,991,925
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