Ark Valley Electric Cooperative (EIN 480124045) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

Jackie Holmberg

Phone

6206626661

Tax Period

2024-01-01 to 2024-12-31

Ark Valley Electric Cooperative, founded in 1939, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2024.

Mission

The Ark Valley Electric Cooperative Association, Inc., is dedicated to providing safe, reliable, high quality electric energy to its members at the lowest cost, while striving to improve the quality of life for all its members and adhering to cooperative principles.

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Trantor Score

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

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,858,228

Investment Income $179,677

Other Revenue $39,125

TOTAL REVENUE $14,077,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,459,822

Fundraising Expenses $0

Other Expenses $11,338,935

TOTAL EXPENSES $14,077,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,077,030	$14,366,383	0.0%
Expenses	$14,077,030	$14,261,237	0.0%
Net Income	$0	$105,146	-1.0%

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

$386,542

Total Directors

$27,950

Key Employees

$235,583

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jackie Holmberg	General Manager	46.00	Officer	$166,864	$73,325	$240,189
Jim Sherry	Director of Operations	50.00	Key Emp	$161,651	$73,932	$235,583
Justin Tankersley	Line Foreman	43.00	Highest	$133,325	$40,609	$173,934
Ryan Walton	Journeyman Lineman	44.00	Highest	$126,129	$34,533	$160,662
Cameron Horesky	Journeyman Lineman	45.00	Highest	$128,564	$31,284	$159,848
Aryn Walton	Journeyman Lineman	44.00	Highest	$126,865	$31,205	$158,070
Ryan Maehs	Journeyman Lineman	43.00	Highest	$121,084	$36,149	$157,233
Penny Wood	Office Manager	41.00	Officer	$111,947	$34,406	$146,353
Larry Froese	Treasurer	2.00	Director	$5,150	$0	$5,150
Joseph Seiwert	Director	2.00	Director	$4,650	$0	$4,650
Jaime Howard	Secretary	2.00	Director	$3,950	$0	$3,950
Keith McNickle	President	3.00	Director	$3,500	$0	$3,500
Doug Barr	Director	2.00	Director	$3,500	$0	$3,500
Steve Schweizer	Vice President	2.00	Director	$3,250	$0	$3,250
Peggy Burgess	Director	2.00	Director	$2,950	$0	$2,950
Judy Kinsler	Director	2.00	Director	$1,000	$0	$1,000

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	$14,077,030	$14,077,030	$44,118,487	No data
2023	$14,366,383	$14,261,237	$45,246,819	$105,146
2022	$15,570,728	$15,570,728	$45,574,215	No data
2021	$15,134,706	$15,134,706	$45,661,646	No data
2020	$14,063,355	$14,063,355	$45,923,294	No data
2019	$14,504,533	$14,504,533	$43,567,654	No data
2018	$14,320,516	$14,320,516	$40,856,901	No data

Ark Valley Electric Cooperative