BON HOMME YANKTON ELECTRIC ASSOCIA… - 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

1946

Legal Domicile

Principal Officer

STEPHANIE HORST

Phone

6054632507

Tax Period

2025-01-01 to 2025-12-31

BON HOMME YANKTON ELECTRIC ASSOCIATION, founded in 1946, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2025.

Mission

BON HOMME YANKTON ELECTRIC ASSOCIATION, INC. IS DEDICATED TO PROVIDING HIGH QUALITY, RELIABLE AND COMPETITIVELY PRICED ELECTRIC ENERGY AND OTHER PRODUCTS TO OUR MEMBER CONSUMERS.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,283 UNIQUE MEMBERS, SERVED 1,306.50 MILES OF LINE, ADDED 26.494 MILES OF LINE, AND REMOVED 25.90 MILES OF LINE.

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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 $13,105,347

Investment Income $46,712

Other Revenue $53,858

TOTAL REVENUE $13,205,917

Expense Breakdown

Grants Paid $6,371

Salaries & Benefits $2,033,324

Fundraising Expenses $0

Other Expenses $10,224,178

TOTAL EXPENSES $13,205,917

Year-over-Year Comparison

	2025	2024	Change
Revenue	$13,205,917	$12,365,618	+0.1%
Expenses	$13,205,917	$12,365,618	+0.1%
Net Income	$0	$0	N/A

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

$429,250

Total Directors

$43,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL VOIGT	DIRECTOR	4.50	Director	$6,225	$0	$6,225
DEAN STERNHAGEN	PRESIDENT (UNTIL SEP 2025)	3.40	Officer Director	$5,175	$0	$5,175
DAVID SYKORA - VICE PRESIDENT	PRESIDENT (BEG OCT 2025)	2.50	Officer Director	$5,550	$0	$5,550
DAVID STERNHAGEN - PRESIDENT	SECRETARY (UNTIL AUG 2025)	4.20	Officer Director	$3,125	$0	$3,125
ROBERT RUPPELT	TREASURER	3.80	Officer Director	$6,900	$0	$6,900
THOMAS BOYKO	DIRECTOR (BEG DEC 2025)	2.10	Director	$1,400	$0	$1,400
RICK CHELOHA - DIRECTOR	VICE PRESIDENT (BEG OCT 2025)	3.20	Officer Director	$7,800	$0	$7,800
BRIAN BRANDT - DIRECTOR	SECRETARY (BEG AUG 2025)	2.10	Officer Director	$7,125	$0	$7,125
STEPHANIE HORST	GENERAL MANAGER	40.00	Officer	$171,413	$62,485	$233,898
NICOLE EINREM	OFFICE MANAGER	40.00	Officer	$113,625	$39,235	$152,860
JESSICA CAMERON	OFFICE MANAGER (BEG DEC 2025)	40.00	Officer	$6,817	$0	$6,817
KENNETH CARDA	OPERATIONS MANAGER	40.00	Highest	$111,637	$39,351	$150,988
GUNNAR DALLY	JOURNEYMAN LINEMAN	40.00	Highest	$102,590	$30,470	$133,060
TRAVIS ZOMER	LEAD LINEMAN	40.00	Highest	$107,041	$58,911	$165,952
NATHAN KLOUCEK	LEAD LINEMAN	40.00	Highest	$100,391	$42,911	$143,302
ALEX CABA	JOURNEYMAN LINEMAN	40.00	Highest	$101,589	$29,150	$130,739

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	$13,205,917	$13,205,917	$43,723,005	No data
2024	$12,365,618	$12,365,618	$41,304,594	No data
2023	$12,469,058	$12,469,058	$40,729,100	No data
2022	$11,924,392	$11,924,392	$38,882,765	No data
2021	$11,277,774	$11,277,774	$36,651,316	No data
2020	$10,963,067	$10,963,067	$34,767,596	No data
2019	$10,875,447	$10,875,447	$33,408,306	No data
2018	$11,556,760	$11,556,760	$32,361,331	No data

BON HOMME YANKTON ELECTRIC ASSOCIATION