SOUTHERN MINNESOTA ENERGY COOPERATIVE (EIN 462932804) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

JIM KRUEGER

Phone

5073736421

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN MINNESOTA ENERGY COOPERATIVE, founded in 2013, is a mid-sized nonprofit in the Mutual Benefit sector that reported $63.9M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

SALE OF ELECTRICITY TO MEMBERS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,189,377

Investment Income $0

Other Revenue $684,464

TOTAL REVENUE $63,873,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,955

Fundraising Expenses $0

Other Expenses $62,621,133

TOTAL EXPENSES $63,873,841

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,873,841	$70,310,993	-0.1%
Expenses	$63,873,841	$70,310,993	-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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$20,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KRAMBEER	PRESIDENT	2.00	Director	$0	$0	$0
ADAM TROMBLAY	VICE-PRESIDENT	1.00	Director	$0	$0	$0
JIM KRUEGER	TREASURER	1.00	Director	$0	$0	$0
SYD BRIGGS	SECRETARY	2.00	Director	$0	$0	$0
RON HORMAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT REIMER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE SUNDERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HEIDEMANN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HENKE	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN DENZER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD BURUD	CEO	3.00	Officer	$20,955	$0	$20,955

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	No data	No data	No data	No data
2023	$63,873,841	$63,873,841	$9,216,834	No data
2022	$70,310,993	$70,310,993	$10,036,606	No data
2021	$58,900,363	$58,900,363	$10,747,193	No data
2020	$56,545,443	$56,545,443	$10,207,251	No data
2019	$63,745,175	$63,745,175	$10,841,713	No data
2018	$66,139,159	$66,139,159	$9,631,043	No data

SOUTHERN MINNESOTA ENERGY COOPERATIVE