Dakota Valley Electric Cooperative Inc (EIN 450454206) - 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

2000

Legal Domicile

Principal Officer

Mark Kinzler

Phone

7014932281

Tax Period

2024-01-01 to 2024-12-31

Dakota Valley Electric Cooperative Inc, founded in 2000, is a mid-sized nonprofit in the Mutual Benefit sector that reported $61.0M in total revenue in fiscal year 2024.

Mission

Deliver electric energy to rural 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $60,440,308

Investment Income $563,664

Other Revenue $4,400

TOTAL REVENUE $61,008,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,997,250

Fundraising Expenses $0

Other Expenses $50,282,740

TOTAL EXPENSES $62,208,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,008,372	$61,076,760	0.0%
Expenses	$62,208,372	$61,076,758	+0.0%
Net Income	$-1,200,000	$2	-600001.0%

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

$779,738

Total Directors

$118,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kim Rasmussen	President	6.00	Officer Director	$17,150	$0	$17,150
Patricia Gehlhar	Vice President	5.00	Officer Director	$15,150	$0	$15,150
Connie Bitz	Secretary	3.00	Officer Director	$14,550	$0	$14,550
Bruce Bosse	Treasurer	2.00	Officer Director	$10,050	$0	$10,050
Mike Hauschild	Vice President (Until 6/24)	2.00	Officer Director	$4,200	$0	$4,200
Arden Fuher	Director	8.00	Director	$11,900	$0	$11,900
Paul Dimmer	Director (As of Jun 24)	2.00	Director	$8,750	$0	$8,750
Jeremy Nitschke	Director	2.00	Director	$8,200	$0	$8,200
Neil Olerud	Director	4.00	Director	$15,050	$0	$15,050
David Paulson	Director	4.50	Director	$13,500	$0	$13,500
Mark Kinzler	General Manager	43.30	Officer	$278,125	$104,332	$382,457
Kelly Wald	Business Manager	42.80	Officer	$167,132	$128,752	$295,884
Kristin Syverson	Business Manager (As of 10/24)	42.70	Officer	$40,142	$155	$40,297
Bradley Lunneborg	Operations Manager	42.50	Highest	$152,154	$32,958	$185,112
Brandon Giesler	Manager of Engineering & IT	41.90	Highest	$138,372	$49,456	$187,828
Jon Coleman	Edgeley Line Foreman	46.90	Highest	$150,709	$17,961	$168,670
Monty Zimmer	Oakes Line Foreman	44.80	Highest	$139,465	$34,099	$173,564
Trevor Intveld	Wahpeton Line Foreman	44.60	Highest	$137,638	$64,820	$202,458

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	$61,008,372	$62,208,372	$179,717,023	$-1,200,000
2023	$61,076,760	$61,076,758	$174,627,296	$2
2022	$61,778,658	$61,778,666	$161,341,737	$-8
2021	$58,630,686	$57,796,992	$148,670,720	$833,694
2020	$56,133,367	$56,133,367	$149,021,384	No data
2019	$59,508,662	$59,508,662	$145,223,766	No data
2018	$62,073,691	$62,073,694	$132,559,894	$-3

Dakota Valley Electric Cooperative Inc