PRAIRIE ENERGY COOPERATIVE (EIN 421506645) - 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

2000

Legal Domicile

Principal Officer

TIM MARIENAU

Phone

5155322805

Tax Period

2023-01-01 to 2023-12-31

PRAIRIE ENERGY COOPERATIVE, founded in 2000, is a mid-sized nonprofit in the Mutual Benefit sector that reported $34.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC POWER TO THE COOPERATIVE'S MEMBERS LOCATED PRIMARILY IN THE RURAL AREAS OF WRIGHT AND HANCOCK COUNTIES OF THE STATE OF 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $30,904,943

Investment Income $86,883

Other Revenue $3,228,585

TOTAL REVENUE $34,220,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,420,331

Fundraising Expenses $0

Other Expenses $27,513,786

TOTAL EXPENSES $33,253,684

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,220,411	$33,622,237	+0.0%
Expenses	$33,253,684	$33,154,142	+0.0%
Net Income	$966,727	$468,095	+1.1%

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

$336,560

Total Directors

$53,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARION DENGER	PRESIDENT	5.00	Officer Director	$8,400	$0	$8,400
JOSHUA AMONSON	VICE PRESIDENT	2.50	Officer Director	$6,900	$0	$6,900
DONALD CHRISTOPHERSON	SECRETARY/TREASURER	4.00	Officer Director	$9,000	$0	$9,000
ALLYN WADDINGHAM	ASSISTANT SECRETARY/TREASURER	4.00	Officer Director	$8,100	$0	$8,100
RYAN EEKHOFF	DIRECTOR	4.00	Director	$7,200	$0	$7,200
TED HALL	DIRECTOR	4.00	Director	$6,000	$0	$6,000
SCOTT HASTY	DIRECTOR	4.00	Director	$7,800	$0	$7,800
TIM MARIENAU	CHIEF EXECUTIVE OFFICER	45.00	Officer	$138,539	$52,177	$190,716
LORI DEMUTH	FINANCE MANAGER	43.00	Officer	$93,306	$20,138	$113,444
KEN NOREM	DIR. OPERATIONS & ENGINEER	41.00	Highest	$132,134	$65,656	$197,790
TODD FOSS	MANAGER OF BUSINESS & COMMUNITY DEVELOPMENT	40.00	Highest	$113,303	$75,381	$188,684
WESTON HELD	LINEMAN	43.00	Highest	$110,786	$14,319	$125,105
TIMOTHY SLAICHERT	ASSISTANT OPERATIONS COORDINATOR	44.00	Highest	$112,230	$42,144	$154,374
HUNTER VENZ	LEAD LINEMAN	42.00	Highest	$104,620	$18,472	$123,092

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	$34,220,411	$33,253,684	$75,754,465	$966,727
2022	$33,622,237	$33,154,142	$72,702,398	$468,095
2021	$34,027,726	$33,253,620	$68,309,413	$774,106
2020	$34,301,166	$33,103,576	$63,709,001	$1,197,590
2019	$32,220,863	$31,493,864	$61,869,875	$726,999
2018	$31,691,522	$30,441,934	$58,130,040	$1,249,588

PRAIRIE ENERGY COOPERATIVE