CITIZENS ELECTRIC CORPORATION (EIN 430634203) - 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

1947

Legal Domicile

Principal Officer

Jason Cates

Phone

8778763511

Tax Period

2025-01-01 to 2025-12-31

CITIZENS ELECTRIC CORPORATION, founded in 1947, is a major nonprofit that reported $175.3M in total revenue in fiscal year 2025. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $163.8M left a modest 7% surplus.

Mission

Sale of electric energy to the cooperative's 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $173,037,983

Investment Income $2,288,177

Other Revenue $12,374

TOTAL REVENUE $175,338,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,316,343

Fundraising Expenses $0

Program Expenses $0

Other Expenses $153,442,339

TOTAL EXPENSES $163,758,682

Year-over-Year Comparison

	2025	2024	Change
Revenue	$175,338,534	$142,366,503	+0.2%
Expenses	$163,758,682	$131,647,921	+0.2%
Net Income	$11,579,852	$10,718,582	+0.1%

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

$584,026

Total Directors

$171,876

Key Employees

$549,129

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason D Cates	CEO	55	Officer	$316,415	$101,631	$418,046
Dan Coomes	VP of Engineering	45	Key Emp	$223,357	$90,471	$313,828
Curt Iffert	VP of Operations	45	Key Emp	$163,148	$72,153	$235,301
Kent Kassel	Superintendent	55	Highest	$142,225	$66,229	$208,454
Steve Hlavek	Manager of Engineering & Operations	48	Highest	$138,624	$65,909	$204,533
James Goodpasture	Superintendent	50	Highest	$139,403	$64,781	$204,184
Rachel Tiehes	Manager of Finance	55	Officer	$107,950	$58,030	$165,980
William Odneal	Director	4.63	Director	$25,500	$343	$25,843
Derek Miesner	President	3.42	Director	$18,550	$343	$18,893
Rodney Scherer	Director	2.82	Director	$18,200	$343	$18,543
Mark Wengert	Vice-President	4.24	Director	$17,500	$343	$17,843
Glen Weible	Secretary	4.98	Director	$16,400	$343	$16,743
Thomas Keim	Director	3.43	Director	$16,050	$343	$16,393
Richard T DeWilde	Director	2.94	Director	$15,500	$343	$15,843
Donald Fulford	Treasurer	2.75	Director	$15,350	$343	$15,693
Rex Meyr	Director	2.01	Director	$14,850	$343	$15,193
Doyle Oehl	Director	2.31	Director	$7,150	$172	$7,322
Dakota Oehl	Director	5.81	Director	$3,510	$57	$3,567

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	$175,338,534	$163,758,682	$377,070,578	$11,579,852
2024	$142,366,503	$131,647,921	$317,869,881	$10,718,582
2023	$140,040,021	$132,807,137	$189,554,520	$7,232,884
2022	$155,506,076	$152,945,071	$190,238,434	$2,561,005
2021	$127,569,254	$122,664,061	$191,077,739	$4,905,193
2020	$115,619,682	$107,090,751	$191,012,808	$8,528,931
2019	$119,269,030	$110,182,099	$189,609,288	$9,086,931
2018	$124,184,781	$114,875,670	$205,075,075	$9,309,111

CITIZENS ELECTRIC CORPORATION