Atchison-Holt Electric Cooperative (EIN 440156103) - 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

1938

Legal Domicile

Principal Officer

Kevin P Dechant

Phone

6607445344

Tax Period

2024-01-01 to 2024-12-31

Atchison-Holt Electric Cooperative, founded in 1938, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2024. Expenses of $11.0M left a modest 6% surplus.

Mission

See Note on Schedule O

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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 $657,858

Program Service Revenue $10,642,632

Investment Income $339,620

Other Revenue $39,413

TOTAL REVENUE $11,679,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,614,022

Fundraising Expenses $0

Other Expenses $8,183,050

TOTAL EXPENSES $11,021,665

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,679,523	$11,396,412	+0.0%
Expenses	$11,021,665	$10,689,258	+0.0%
Net Income	$657,858	$707,154	-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

$556,905

Total Directors

$98,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin P Dechant	General ManagerCEO	55.00	Officer	$236,034	$116,807	$352,841
Michael L Daugherty	Line Superintendent	41.00	Highest	$125,236	$94,661	$219,897
Kevin R Clark	CFO	55.00	Officer	$139,447	$64,617	$204,064
Joey R Bradley	Foreman	43.00	Highest	$112,849	$48,519	$161,368
Garrett R Schomburg	Journeyman Lineman	44.00	Highest	$113,888	$34,446	$148,334
Brock E Davis	Foreman	43.00	Highest	$115,563	$31,557	$147,120
Brogan S Lair	Journeyman Lineman	43.00	Highest	$104,557	$38,266	$142,823
Galen R Hunter	Journeyman Lineman	43.00	Highest	$110,803	$28,347	$139,150
Larry Lauman	Secretary	3.98	Director	$15,200	$0	$15,200
James Crawford	Director	2.98	Director	$13,300	$0	$13,300
Michael Peters	Director	2.22	Director	$12,825	$0	$12,825
David Frede	Treasurer	2.64	Director	$11,875	$0	$11,875
Hugh Wallace	Vice President	2.60	Director	$11,400	$0	$11,400
Nancy Daugherty	Director	2.63	Director	$10,925	$0	$10,925
Craig Heits	Director	2.37	Director	$10,550	$0	$10,550
Duane Klute	President	1.90	Director	$6,650	$0	$6,650
Marvin Gubser	Director	1.13	Director	$5,700	$0	$5,700

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	$11,679,523	$11,021,665	$36,567,075	$657,858
2023	$11,396,412	$10,689,258	$35,866,141	$707,154
2022	$10,788,403	$10,788,403	$36,164,975	No data
2021	$10,524,314	$10,524,314	$34,406,710	No data
2020	$9,636,127	$9,636,127	$30,806,798	No data
2019	$9,342,001	$9,342,001	$28,524,725	No data
2018	$10,785,683	$10,785,683	$28,416,019	No data

Atchison-Holt Electric Cooperative