MOREAU GRAND ELECTRIC COOPERATIVE (EIN 460214198) - 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

1946

Legal Domicile

Principal Officer

KENT LARSON

Phone

6058653511

Tax Period

2024-01-01 to 2024-12-31

MOREAU GRAND ELECTRIC COOPERATIVE, founded in 1946, is a community nonprofit that reported $7.7M in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 18% operating margin.

Mission

COOPERATIVE -- ELECTRIC ENERGY TO 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 $1,010,965

Investment Income $100,119

Other Revenue $6,606,920

TOTAL REVENUE $7,718,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,450,199

Fundraising Expenses $0

Other Expenses $4,357,239

TOTAL EXPENSES $7,199,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,718,004	$7,746,471	0.0%
Expenses	$7,199,490	$6,914,691	+0.0%
Net Income	$518,514	$831,780	-0.4%

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

$215,689

Total Directors

$58,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA MAHER	MANAGER	40.00	Officer	$157,585	$41,104	$198,689
KENT LARSON	OPERATIONS/M	40.00	Highest	$124,655	$33,012	$157,667
JUSTIN THORSTENSON	LINE FOREMAN	40.00	Highest	$102,334	$52,720	$155,054
GERALYN HAHNE	SEC/TREASURE	3.00	Officer Director	$6,500	$0	$6,500
ROBERT KECKLER	DIRECTOR	3.00	Director	$6,250	$0	$6,250
CLINT CLARK	DIRECTOR	2.00	Director	$6,000	$0	$6,000
ROYCE WALKER	DIRECTOR	4.00	Director	$6,000	$0	$6,000
TROY WALL	DIRECTOR	3.00	Director	$6,000	$0	$6,000
LOIS BARTLETT	DIRECTOR	3.00	Director	$5,750	$0	$5,750
RYAN MAHER	PRESIDENT	3.00	Officer Director	$5,500	$0	$5,500
PAUL LAWRENCE	DIRECTOR	2.00	Director	$5,000	$0	$5,000
KERRY MCLELLAN	VICE PRESIDE	3.00	Officer Director	$5,000	$0	$5,000
LARRY HIEB	DIRECTOR	2.00	Director	$4,500	$0	$4,500
BRENT SCHWEITZER	DIRECTOR	1.00	Director	$1,500	$0	$1,500

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	$7,718,004	$7,199,490	$59,844,813	$518,514
2023	$7,746,471	$6,914,691	$57,435,664	$831,780
2022	$7,628,691	$6,281,370	$53,954,760	$1,347,321
2021	$6,970,678	$5,872,823	$51,309,288	$1,097,855
2020	$7,007,973	$6,379,299	$47,112,965	$628,674
2019	$7,031,385	$6,528,879	$45,291,334	$502,506
2018	$7,684,347	$6,303,295	$45,849,630	$1,381,052

MOREAU GRAND ELECTRIC COOPERATIVE