GRAND ELECTRIC COOPERATIVE INC (EIN 460221377) - 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

1950

Legal Domicile

Principal Officer

ERIC KAHLER

Phone

6052445211

Tax Period

2024-01-01 to 2024-12-31

GRAND ELECTRIC COOPERATIVE INC, founded in 1950, is a mid-sized nonprofit that reported $13.5M in total revenue in fiscal year 2018.

Mission

PROVIDING ELECTRICITY TO PEOPLE IN RURAL AREAS.

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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 $13,360,103

Investment Income $433,196

Other Revenue $37,872

TOTAL REVENUE $13,831,171

Expense Breakdown

Grants Paid $13,020

Salaries & Benefits $5,382,965

Fundraising Expenses $0

Other Expenses $7,002,280

TOTAL EXPENSES $13,382,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,831,171	$13,787,062	+0.0%
Expenses	$13,382,085	$13,377,762	+0.0%
Net Income	$449,086	$409,300	+0.1%

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

$300,554

Total Directors

$92,288

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J LONG	PRESIDENT	6.40	Officer Director	$10,532	$0	$10,532
ROSS KOPREN	VICE PRESIDENT	6.10	Officer Director	$13,032	$0	$13,032
SHARON LONGWOOD	SECRETARY	1.70	Officer Director	$6,532	$0	$6,532
MAXINE RASMUSSEN	TREASURER	3.20	Officer Director	$7,532	$0	$7,532
ERIC ARNESON	DIRECTOR	5.00	Director	$11,032	$0	$11,032
LORI BESLER	DIRECTOR	3.30	Director	$9,032	$0	$9,032
JAMES ERK	DIRECTOR	3.00	Director	$11,032	$0	$11,032
ROBERT JOHNSON	DIRECTOR	2.60	Director	$12,032	$0	$12,032
REID PALMER	DIRECTOR (END JUNE)	3.50	Director	$4,016	$0	$4,016
REGGIE KENNEDY	DIRECTOR (BEG JUNE)	1.20	Director	$7,516	$0	$7,516
ERIC KAHLER	GENERAL MANAGER	20.00	Officer	$107,351	$58,714	$166,065
TORI KLING	DIRECTOR OF FINANCE	20.00	Officer	$70,860	$26,001	$96,861
LYLE REIFF	MANAGER-TELECOM OPERATIONS	40.00	Highest	$109,801	$72,443	$182,244
MICHAEL L STADLER	MANAGER-ELECTRIC OPERATION	40.00	Highest	$115,306	$64,199	$179,505
RILEY DALZELL	ELECTRIC AREA FOREMAN	40.00	Highest	$118,160	$34,269	$152,429
JERRY J SWARTZ	ELECTRIC AREA FOREMAN	40.00	Highest	$114,031	$22,457	$136,488
LUKE M CLEMENTS	LINEMAN	40.00	Highest	$113,909	$56,788	$170,697

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	$13,831,171	$13,382,085	$67,556,793	$449,086
2023	$13,787,062	$13,377,762	$64,278,927	$409,300
2022	$13,303,696	$13,106,711	$66,121,486	$196,985
2021	$13,055,115	$12,032,068	$62,433,415	$1,023,047
2020	$12,941,881	$12,716,537	$62,613,708	$225,344
2019	$13,773,278	$13,565,262	$60,308,573	$208,016
2018	$13,450,038	$13,173,999	$60,587,279	$276,039

GRAND ELECTRIC COOPERATIVE INC