Cass County Electric Cooperative Inc (EIN 450115790) - 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

1937

Legal Domicile

Principal Officer

Andy Weiss

Phone

7013564400

Tax Period

2025-01-01 to 2025-12-31

Cass County Electric Cooperative Inc, founded in 1937, is a major nonprofit that reported $162.4M in total revenue in fiscal year 2025.

Mission

To serve our member's energy needs with affordable and reliable electricity.

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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 $160,795,206

Investment Income $1,407,620

Other Revenue $172,380

TOTAL REVENUE $162,375,206

Expense Breakdown

Grants Paid $156,903

Salaries & Benefits $15,301,766

Fundraising Expenses $0

Other Expenses $139,024,418

TOTAL EXPENSES $164,732,393

Year-over-Year Comparison

	2025	2024	Change
Revenue	$162,375,206	$158,710,054	+0.0%
Expenses	$164,732,393	$157,152,520	+0.0%
Net Income	$-2,357,187	$1,557,534	-2.5%

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

127

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

$1,201,953

Total Directors

$170,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glenn Mitzel	Board Chair	5.50	Officer Director	$20,660	$0	$20,660
Terry Kraft	Vice Chair	6.10	Officer Director	$18,274	$0	$18,274
Paul White	Secretary	5.10	Officer Director	$17,310	$0	$17,310
Kalvin Hoff	Treasurer	6.80	Officer Director	$16,060	$0	$16,060
Douglas Anderson	Director	5.00	Director	$18,501	$0	$18,501
Vanessa Kummer	Director	5.20	Director	$23,810	$0	$23,810
Wendy Loucks	Director	6.70	Director	$22,873	$0	$22,873
Tom Seymour	Director	8.20	Director	$33,162	$0	$33,162
Stacey Ackerman	Director	5.30	Director	$0	$0	$0
Paul Matthys	CEO	47.20	Officer	$352,166	$262,281	$614,447
Chad Sapa	CFO until April 2025	42.30	Officer	$220,935	$52,431	$273,366
Andy Weiss	CFO as of April 2025	43.00	Officer	$181,812	$60,024	$241,836
Jodi Bullinger	VP of Engineering & Operations	40.60	Highest	$264,906	$44,725	$309,631
Chad Brousseau	VP of Member & Energy Serv	43.00	Highest	$165,587	$122,431	$288,018
Phillip Lamb	Line Crew Foreman	46.90	Highest	$164,995	$33,384	$198,379
Tim Sanden	CIO/VP of Information Tech until April	40.10	Highest	$162,844	$46,536	$209,380
Mitchell Lyter	CIO/VP of Information Tech	40.60	Highest	$152,302	$48,318	$200,620

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	$162,375,206	$164,732,393	$349,286,060	$-2,357,187
2024	No data	No data	No data	No data
2023	$162,114,780	$155,485,408	$329,441,334	$6,629,372
2022	$155,205,170	$153,938,943	$326,934,667	$1,266,227
2021	$149,157,181	$148,373,284	$311,989,434	$783,897
2020	$140,494,536	$137,505,057	$289,161,420	$2,989,479
2019	$141,867,307	$139,904,522	$285,510,375	$1,962,785
2018	$138,404,996	$137,074,558	$260,716,944	$1,330,438

Cass County Electric Cooperative Inc