Doniphan Electric Cooperative Assoc (EIN 480198945) - 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

1937

Legal Domicile

Principal Officer

Michael Volker

Tax Period

2023-01-01 to 2023-12-31

Doniphan Electric Cooperative Assoc, founded in 1937, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Net assets of $6.8M represent 25 months of operating reserves.

Mission

To provide reliable energy and related services to our members at the lowest cost.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,205,404

Investment Income $17,071

Other Revenue $4,724

TOTAL REVENUE $3,227,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,417

Fundraising Expenses $0

Other Expenses $2,545,218

TOTAL EXPENSES $3,227,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,227,199	$3,539,156	-0.1%
Expenses	$3,227,199	$3,539,156	-0.1%
Net Income	$0	N/A	N/A

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

$88,709

Total Directors

$15,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Trevor Schmille	Line Supt	40.00	Highest	$100,591	$35,650	$136,241
Susan Williams	Accountant	40.00	Officer	$56,160	$32,549	$88,709
Richard Lemke	President	4.00	Director	$5,756	$0	$5,756
Timothy Hegarty	Trustee	3.00	Director	$2,762	$0	$2,762
Grant Foley	Vice-President	3.00	Director	$2,566	$0	$2,566
Norman Sigrist	Secretary	3.00	Director	$2,327	$0	$2,327
Christopher Gaither	Trustee	3.00	Director	$2,056	$0	$2,056
Michael Volker	General Manager	0.00	Officer	$0	$0	$0

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	$3,227,199	$3,227,199	$8,162,660	No data
2022	$3,539,156	$3,539,156	$8,111,810	No data
2021	$3,099,914	$3,099,914	$7,620,895	No data
2020	$3,016,727	$3,016,727	$7,648,006	No data
2019	$3,316,542	$3,316,542	$7,924,854	No data

Doniphan Electric Cooperative Assoc