VELVA, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VERENDRYE ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $58.3M in total revenue in fiscal year 2023. Expenses of $56.5M left a modest 3% surplus.
TO PROVIDE QUALITY ELECTRIC SERVICE AT A COMPETITIVE COST STRENGTHEN THE AREA ECONOMY & LEAD IN IMPROVING THE REGIONS QUALITY OF LIFE THROUGH INNOVATION WHILE OPERATING WITHIN THE COOPERATIVE PRINCIPLES
VERENDRYE ELECTRIC COOPERATIVE DISTRIBUTED ELECTRICITY TO 12,729 MEMBERS AT 16,699 METERING POINTS. VERENDRYE HAD 2,341 MILES OF OVERHEAD DISTRIBUTION LINE AND 2,276 MILES OF UNDERGROUND DISTRIBUTION...
VERENDRYE ELECTRIC COOPERATIVE DISTRIBUTED ELECTRICITY TO 12,729 MEMBERS AT 16,699 METERING POINTS. VERENDRYE HAD 2,341 MILES OF OVERHEAD DISTRIBUTION LINE AND 2,276 MILES OF UNDERGROUND DISTRIBUTION LINE FOR A TOTAL OF 4,617 MILES OF ENERGIZED LINE.
VERENDRYE ELECTRIC COOPERATIVE PROVIDES TO ITS MEMBERS PROGRAMS THAT PROMOTE ENERGY CONSERVATION AND EFFICIENCY SUCH AS WEATHERIZATION LOANS ENERGY AUDITS HIGH EFFICIENCY WATER HEATERS AND HEAT...
VERENDRYE ELECTRIC COOPERATIVE PROVIDES TO ITS MEMBERS PROGRAMS THAT PROMOTE ENERGY CONSERVATION AND EFFICIENCY SUCH AS WEATHERIZATION LOANS ENERGY AUDITS HIGH EFFICIENCY WATER HEATERS AND HEAT PUMPS. VERENDRYE ALSO HAS RENEWABLE ENERGY PROGRAMS SUCH AS SOLAR WATER PUMPING AND WIND ENERGY.
VERENDRYE ELECTRIC COOPERATIVE PROVIDES ELECTRICAL SAFETY PROGRAMS TO AREA SCHOOLS AND ORGANIZATIONS AND SPONSORS YOUTH PROGRAMS SUCH AS SCHOLARSHIPS AND A YOUTH TOUR TO THE NATIONS CAPITAL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $58,329,631 | $58,253,353 | +0.0% |
| Expenses | $56,474,366 | $56,817,444 | 0.0% |
| Net Income | $1,855,265 | $1,435,909 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RANDY HAUCK | GENERAL MANAGER | 50.00 |
Officer
|
$270,577 | $121,324 | $391,901 |
| BRAD DOLL | ENGINEERING MANAGER | 48.00 |
Key Emp
|
$179,781 | $74,735 | $254,516 |
| CHRISTEL LASKOWSKI | BUSINESS MANAGER | 48.00 |
Officer
|
$168,011 | $59,072 | $227,083 |
| TIM KRUMWIEDE | OPERATIONS MANAGER | 48.00 |
Key Emp
|
$152,671 | $73,298 | $225,969 |
| DJ RANDOLPH | COMPUTER ENGINEER | 48.00 |
Highest
|
$134,772 | $70,481 | $205,253 |
| RICK ERICKSON | AREA FOREMAN | 43.00 |
Highest
|
$126,330 | $61,040 | $187,370 |
| TOM RAFFERTY | MEMBER SERVICE MANAGER | 48.00 |
Highest
|
$128,530 | $50,187 | $178,717 |
| CURT PETERSON | LINEMAN | 46.00 |
Highest
|
$129,214 | $52,675 | $181,889 |
| BRYAN SCHWAN | LINEMAN | 47.00 |
Highest
|
$128,080 | $59,208 | $187,288 |
| BLAINE BRUNER | PRESIDENT | 4.00 |
Officer
Director
|
$10,013 | $0 | $10,013 |
| KAREN HENNESSY | VICE PRESIDENT | 10.00 |
Officer
Director
|
$23,813 | $0 | $23,813 |
| SHAWN KAYLOR | SECRETARY TREASURER | 4.00 |
Officer
Director
|
$9,813 | $0 | $9,813 |
| MAXINE ROGNLIEN | ASST SECRETARY TREASURER | 9.00 |
Officer
Director
|
$23,413 | $0 | $23,413 |
| CLINT GJELLSTAD | DIRECTOR | 5.00 |
Director
|
$12,413 | $0 | $12,413 |
| JON HANSEN | DIRECTOR | 4.00 |
Director
|
$9,213 | $0 | $9,213 |
| KEN SCHILD | DIRECTOR | 5.00 |
Director
|
$10,613 | $0 | $10,613 |
| ROBERT WOLF | DIRECTOR | 3.00 |
Director
|
$6,613 | $0 | $6,613 |
| ROBERT HARGRAVE | DIRECTOR | 3.00 |
Director
|
$6,206 | $0 | $6,206 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $58,329,631 | $56,474,366 | $181,199,972 | $1,855,265 |
| 2022 | $58,253,353 | $56,817,444 | $170,733,986 | $1,435,909 |
| 2021 | $53,998,395 | $51,976,938 | $164,038,117 | $2,021,457 |
| 2020 | $54,692,036 | $53,688,998 | $151,675,990 | $1,003,038 |
Compare VERENDRYE ELECTRIC COOPERATIVE INC with other nonprofits in North Dakota and across the country.