H-D ELECTRIC COOPERATIVE INC (EIN 460212565) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Phone

6058742171

Tax Period

2024-01-01 to 2024-12-31

H-D ELECTRIC COOPERATIVE INC, founded in 1947, is a mid-sized nonprofit that reported $11.9M in total revenue in fiscal year 2020.

Mission

PROVIDE SAFE RELIABLE HIGH QUALITY ELECTRIC SERVICE AT THE BEST VALUE POSSIBLE TO OUR MEMBERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,971,848

Investment Income $191,927

Other Revenue $156,730

TOTAL REVENUE $15,320,505

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $2,119,841

Fundraising Expenses $0

Program Expenses $0

Other Expenses $11,730,024

TOTAL EXPENSES $15,320,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,320,505	$14,079,105	+0.1%
Expenses	$15,320,505	$14,079,105	+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

$519,806

Total Directors

$88,600

Key Employees

$246,134

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW HOTZLER	GENERAL MANAGER	49.00	Officer	$191,119	$107,567	$298,686
TROY KWASNIEWSKI	OPERATIONS MANAGER	40.00	Key Emp	$155,110	$91,024	$246,134
ANNETTE ABERLE	FINANCE ADMIN MANAGER	40.00	Officer	$140,955	$80,165	$221,120
THOMAS LUNDBERG	MEMBER SERVICE MANAGER	46.00	Highest	$115,563	$62,344	$177,907
KEVIN HOLIDA	LEAD LINEMAN	41.00	Highest	$112,539	$63,212	$175,751
TODD SPRANG	LINE FOREMAN	41.00	Highest	$110,031	$78,294	$188,325
JOSEPH RAML	LEAD LINEMAN	42.00	Highest	$109,988	$45,448	$155,436
ROGER CUTSHAW	ENGINEER	40.00	Highest	$108,199	$26,517	$134,716
CASPER NIEMANN	DIRECTOR	7.00	Director	$12,350	$0	$12,350
CALVIN MUSCH	DIRECTOR	6.00	Director	$11,700	$0	$11,700
STEVE HANSEN	DIRECTOR-TREASURER	6.00	Director	$11,550	$0	$11,550
KEVIN DEBOER	DIRECTOR	6.00	Director	$11,350	$0	$11,350
TODD MORITZ	DIRECTOR	5.00	Director	$9,900	$0	$9,900
DALE WILLIAMS	DIRECTOR	5.00	Director	$9,500	$0	$9,500
TERRY STROHFUS	DIRECTOR-VICE PRESIDENT	4.00	Director	$8,200	$0	$8,200
ROXANNE BASS	DIRECTOR-SECRETARY	4.00	Director	$7,350	$0	$7,350
BERT ROGNESS	DIRECTOR-PRESIDENT	4.00	Director	$6,700	$0	$6,700

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	No data	No data	No data	No data
2024	$15,320,505	$15,320,505	$50,313,314	No data
2023	$14,079,105	$14,079,105	$48,931,326	No data
2022	$13,935,647	$13,935,647	$45,699,973	No data
2021	$12,726,954	$12,726,954	$42,244,168	No data
2020	$11,935,091	$11,935,091	$40,004,005	No data

H-D ELECTRIC COOPERATIVE INC