FEM ELECTRIC ASSOCIATION INC (EIN 460213171) - 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

1949

Legal Domicile

Principal Officer

GARY BACHMAN

Phone

6054266891

Tax Period

2024-01-01 to 2024-12-31

FEM ELECTRIC ASSOCIATION INC, founded in 1949, is a mid-sized nonprofit in the Unknown sector that reported $17.7M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $15.5M left a modest 12% surplus.

Mission

TO SAFELY PROVIDE RELIABLE, COST-EFFICIENT ELECTRICITY AND OTHER SERVICES.

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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 $17,979,566

Investment Income $170,043

Other Revenue $7,580

TOTAL REVENUE $18,157,189

Expense Breakdown

Grants Paid $7,380

Salaries & Benefits $2,349,060

Fundraising Expenses $0

Other Expenses $13,743,212

TOTAL EXPENSES $16,996,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,157,189	$18,064,744	+0.0%
Expenses	$16,996,417	$16,671,820	+0.0%
Net Income	$1,160,772	$1,392,924	-0.2%

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

$342,725

Total Directors

$33,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BACHMAN	PRESIDENT	4.00	Officer Director	$8,815	$0	$8,815
TOM THORPE	VICE PRESIDENT	1.80	Officer Director	$7,215	$0	$7,215
PAULA PETERSEN	TREASURER	1.90	Officer Director	$7,015	$0	$7,015
ERIC ODENBACH	SECRETARY	1.40	Officer Director	$4,815	$0	$4,815
KELLY MELIUS	ASSISTANT SECRETARY/TREASURER	0.80	Officer Director	$5,615	$0	$5,615
SCOTT MOORE	GENERAL MANAGER/CEO	41.69	Officer	$173,355	$135,895	$309,250
RHONDA TUSCHERER	DIRECTOR OF FINANCE & BENEFITS	40.00	Highest	$119,225	$74,506	$193,731
SEAN CHRISTIANSEN	OPERATIONS MANAGER	40.00	Highest	$112,623	$59,874	$172,497
RYAN HOLIEN	ELECTRICAL DEPT MANAGER	40.00	Highest	$110,297	$64,654	$174,951
JUSTIN LARSON	LINE FOREMAN	43.00	Highest	$103,835	$93,074	$196,909

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	$18,157,189	$16,996,417	$49,381,710	$1,160,772
2023	$18,064,744	$16,671,820	$48,279,286	$1,392,924
2022	$17,398,603	$15,864,385	$45,456,850	$1,534,218
2021	$15,874,732	$15,100,974	$42,436,941	$773,758
2020	$17,029,031	$16,111,053	$41,163,016	$917,978
2019	$16,749,932	$15,777,127	$41,357,973	$972,805
2018	$17,659,884	$15,530,666	$40,563,224	$2,129,218

FEM ELECTRIC ASSOCIATION INC