PRAIRIE LAND ELECTRIC COOPERATIVE INC (EIN 480354623) - 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

1938

Legal Domicile

Principal Officer

KIRK GIRARD

Phone

7858773323

Tax Period

2023-01-01 to 2023-12-31

PRAIRIE LAND ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $65.6M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

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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 $65,129,534

Investment Income $266,830

Other Revenue $191,950

TOTAL REVENUE $65,588,314

Expense Breakdown

Grants Paid $30,164

Salaries & Benefits $8,954,737

Fundraising Expenses $0

Other Expenses $51,488,835

TOTAL EXPENSES $65,588,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,588,314	$75,114,051	-0.1%
Expenses	$65,588,314	$75,114,051	-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

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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

$893,905

Total Directors

$153,650

Key Employees

$566,802

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA BENOIT	SECRETARY	16.90	Officer Director	$17,500	$0	$17,500
IVAN BOHL	TRUSTEE	7.10	Director	$11,550	$0	$11,550
JERRY GALLAGHER	TRUSTEE (JAN-MAR)	8.80	Director	$3,150	$0	$3,150
RONALD GRIFFITH	PRESIDENT	16.00	Officer Director	$20,650	$0	$20,650
OTTO LEVIN	TRUSTEE	6.50	Director	$10,150	$0	$10,150
ROBERT PAXSON	TREASURER	7.00	Officer Director	$11,900	$0	$11,900
WILLIAM PETERSON	TRUSTEE	11.00	Director	$15,750	$0	$15,750
MIKE ROGERS	VICE PRESIDENT	7.50	Officer Director	$11,200	$0	$11,200
KEITH ROSS	TRUSTEE	8.50	Director	$21,000	$0	$21,000
LOWELL THOMAN	TRUSTEE (APR-DEC)	3.80	Director	$8,050	$0	$8,050
SCOTT URBAN	TRUSTEE	7.80	Director	$9,800	$0	$9,800
ERIC WITMER	TRUSTEE	9.00	Director	$12,950	$0	$12,950
KIRK GIRARD	CEO	50.00	Officer	$283,909	$264,572	$548,481
ALISHA STARK	CFO	46.00	Officer	$189,380	$94,794	$284,174
JAMES COASH	OPERATIONS MANAGER - EAST	40.00	Key Emp	$184,162	$105,862	$290,024
LON DEAN WISEMAN	OPERATIONS MANAGER - WEST	45.00	Key Emp	$184,791	$91,987	$276,778
SHANE SCHUMAKER	DIRECTOR OF TECHNICAL SERVICES	41.00	Highest	$149,915	$67,997	$217,912
APRIL KARNOPP	DIRECTOR OF ADMINISTRATION	45.00	Highest	$141,507	$93,835	$235,342
DAVID TIEMEYER	AREA SUPERVISOR	45.90	Highest	$127,714	$71,057	$198,771
BRETT MCCHESNEY	CONSTRUCTION FOREMAN	47.40	Highest	$125,000	$40,761	$165,761
BRANDON BLUE	AREA SUPERVISOR	43.80	Highest	$122,928	$44,457	$167,385

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	$65,588,314	$65,588,314	$197,680,042	No data
2022	$75,114,051	$75,114,051	$196,002,147	No data
2021	$87,385,850	$87,385,850	$193,607,034	No data
2020	$65,672,178	$65,672,178	$180,732,143	No data
2019	$70,247,982	$70,247,982	$179,529,543	No data
2018	$74,418,192	$74,418,192	$175,201,581	No data

PRAIRIE LAND ELECTRIC COOPERATIVE INC