L&O POWER COOPERATIVE INC (EIN 420721692) - 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

1952

Legal Domicile

Principal Officer

DAVID DEBOER

Phone

7124722556

Tax Period

2024-01-01 to 2024-12-31

L&O POWER COOPERATIVE INC, founded in 1952, is a mid-sized nonprofit that reported $43.1M in total revenue in fiscal year 2024.

Mission

SALE OF ELECTRICITY 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 $43,026,923

Investment Income $76,460

Other Revenue $0

TOTAL REVENUE $43,103,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,500

Fundraising Expenses $0

Other Expenses $40,833,199

TOTAL EXPENSES $42,582,514

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,103,383	$43,789,036	0.0%
Expenses	$42,582,514	$43,149,268	0.0%
Net Income	$520,869	$639,768	-0.2%

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

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

$22,650

Total Directors

$61,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HUFF	SEC/TREASURER	6.00	Officer Director	$12,150	$0	$12,150
DAVID DEBOER	PRESIDENT	6.00	Officer Director	$6,900	$0	$6,900
DAVID HANSEN	DIRECTOR	6.00	Director	$5,400	$0	$5,400
ADAM HOEKSTRA	VICE PRESIDENT	6.00	Officer Director	$3,600	$0	$3,600
LUCAS ROSKAMP	DIRECTOR	6.00	Director	$4,800	$0	$4,800
DAN LEUTHOLD	DIRECTOR	6.00	Director	$3,900	$0	$3,900
DAVID MESCHKE	DIRECTOR	6.00	Director	$3,900	$0	$3,900
GREGG JOHNSON	DIRECTOR	6.00	Director	$4,500	$0	$4,500
GLENN DICKS	DIRECTOR	6.00	Director	$3,600	$0	$3,600
TERRENCE CLARK	DIRECTOR FROM 04/2024	6.00	Director	$3,000	$0	$3,000
NOLAN KOOIKER	DIRECTOR	6.00	Director	$3,600	$0	$3,600
DEAN HASPELS	DIRECTOR	6.00	Director	$4,200	$0	$4,200
STEVE VOSS	DIRECTOR UNTIL 03/2024	6.00	Director	$1,950	$0	$1,950
CURT DIEREN	MANAGER/CEO	30.00	Officer	$0	$0	$0

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	$43,103,383	$42,582,514	$80,459,643	$520,869
2023	$43,789,036	$43,149,268	$76,182,045	$639,768
2022	$39,486,397	$39,035,776	$64,562,746	$450,621
2021	$31,765,274	$31,660,209	$53,564,247	$105,065
2020	$30,651,353	$30,987,542	$49,750,469	$-336,189
2019	$33,098,794	$33,098,794	$46,461,801	No data
2018	$35,854,516	$34,294,138	$39,100,933	$1,560,378

L&O POWER COOPERATIVE INC