CAVALIER RURAL ELECTRIC COOPERATIV… - Form 990 Financial Data

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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

1945

Legal Domicile

Principal Officer

TIFFANY PRITCHARD

Phone

7012565511

Tax Period

2022-01-01 to 2022-12-31

CAVALIER RURAL ELECTRIC COOPERATIVE INC, founded in 1945, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2022.

Mission

ELECTRIC DISTRIBUTION COOPERATIVE SERVING 1,115 MEMBERS WITH 1,614 SERVICES IN PLACE

Program Service Accomplishments

Program 1

ELECTRIC DISTRIBUTION COOPERATIVE SERVING 1,115 MEMBERS WITH 1,614 SERVICES IN PLACE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,345,597

Investment Income $15,737

Other Revenue $121,903

TOTAL REVENUE $5,483,237

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,597

Fundraising Expenses $0

Other Expenses $4,824,782

TOTAL EXPENSES $5,467,051

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,483,237	$5,676,895	0.0%
Expenses	$5,467,051	$5,240,175	+0.0%
Net Income	$16,186	$436,720	-1.0%

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

$279,143

Total Directors

$23,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY OTTEM	VICE PRESIDENT (FROM DEC 2022)	1.00	Director	$3,100	$0	$3,100
DEL GAGE	DIRECTOR	1.00	Director	$2,450	$0	$2,450
JOHN MARTINSON	PRESIDENT	1.00	Director	$3,000	$0	$3,000
STEVE HART	SECRETARY	1.00	Director	$3,050	$0	$3,050
TIM DEVINE	VICE PRESIDENT (THROUGH NOV 2022)	1.00	Director	$6,650	$0	$6,650
CHRIS PANKRATZ	DIRECTOR	1.00	Director	$2,200	$0	$2,200
WADE HARPESTAD	DIRECTOR	1.00	Director	$2,600	$0	$2,600
CHRIS OLSON	DIRECTOR (FROM NOV 2022)	1.00	Director	$0	$0	$0
CHARLES RIESEN	GENERAL MANAGER (THROUGH FEB 2022)	40.00	Officer	$10,372	$61	$10,433
TIFFANY PRITCHARD	FINANCE MANAGER	40.00	Officer	$66,764	$5,579	$72,343
MARTY TETRAULT	GENERAL MANAGER (FROM FEB 2022)	40.00	Officer	$121,184	$75,183	$196,367

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
2022	$5,483,237	$5,467,051	$18,952,651	$16,186
2021	$5,676,895	$5,240,175	$18,133,180	$436,720
2020	$5,644,084	$5,561,090	$16,993,892	$82,994
2019	$5,586,917	$5,482,173	$17,051,104	$104,744

CAVALIER RURAL ELECTRIC COOPERATIVE INC