KANSAS ELECTRIC POWER COOPERATIVE INC (EIN 480836984) - 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

1975

Legal Domicile

Principal Officer

STEVEN FOSS

Phone

7852737010

Tax Period

2023-01-01 to 2023-12-31

KANSAS ELECTRIC POWER COOPERATIVE INC, founded in 1975, is a major nonprofit that reported $147.8M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

TO PROCURE AN ADEQUATE AND RELIABLE POWER SUPPLY FOR THE ORGANIZATION'S 16 DISTRIBUTION RURAL ELECTRIC COOPERATIVE MEMBER/OWNERS AT A REASONABLE 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 $145,751,928

Investment Income $1,789,380

Other Revenue $211,538

TOTAL REVENUE $147,752,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,001,056

Fundraising Expenses $0

Other Expenses $140,462,461

TOTAL EXPENSES $145,463,517

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,752,846	$165,593,549	-0.1%
Expenses	$145,463,517	$164,193,277	-0.1%
Net Income	$2,289,329	$1,400,272	+0.6%

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

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

$591,927

Total Directors

$96,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK GOECKEL	VICE-PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE MORTON	PRESIDENT	6.00	Officer Director	$0	$0	$0
BRYAN W COOVER	SECRETARY	3.00	Officer Director	$12,449	$0	$12,449
KEN HEDBERG	TREASURER	3.00	Officer Director	$12,923	$0	$12,923
KEVIN BROWNLEE	TRUSTEE	3.00	Director	$0	$0	$0
KEVIN COMPTON	TRUSTEE	3.00	Director	$12,923	$0	$12,923
LARRY FROESE	TRUSTEE	3.00	Director	$10,880	$0	$10,880
DAN HUBERT	TRUSTEE	3.00	Director	$10,336	$0	$10,336
LORI JONES	TRUSTEE	3.00	Director	$15,829	$0	$15,829
DONALD METZEN	TRUSTEE	3.00	Director	$11,424	$0	$11,424
CHRIS PARR	TRUSTEE	3.00	Director	$0	$0	$0
MARK SCHEIBE	TRUSTEE	3.00	Director	$0	$0	$0
JOHN SCHON	TRUSTEE	3.00	Director	$10,211	$0	$10,211
DENNIS SVANES	TRUSTEE	3.00	Director	$0	$0	$0
KIRK THOMPSON	TRUSTEE	3.00	Director	$0	$0	$0
PAUL WILSON	TRUSTEE	3.00	Director	$0	$0	$0
SUZANNE LANE	EXEC VP & CEO	40.00	Officer	$435,821	$130,734	$566,555
SUSAN CUNNINGHAM	SR VP, REG & GOV'T AFFAIRS	40.00	Highest	$222,459	$83,156	$305,615
MARK BARBEE	SR VP & COO	40.00	Highest	$240,114	$164,781	$404,895
MARK DOLJAC	EXEC DIR REGULATORY AFFAIRS	40.00	Highest	$159,885	$73,311	$233,196
COLEEN WELLS	SR VP & CFO	40.00	Highest	$267,253	$136,637	$403,890
SHAWN GEIL	EXEC DIR TECHNICAL & ENERGY SVC	40.00	Highest	$146,708	$66,068	$212,776

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	$147,752,846	$145,463,517	$312,040,387	$2,289,329
2022	$165,593,549	$164,193,277	$309,864,388	$1,400,272
2021	$155,298,946	$154,230,546	$324,892,215	$1,068,400
2020	$149,853,338	$149,881,009	$303,130,738	$-27,671
2019	$154,657,016	$151,860,557	$291,259,404	$2,796,459
2018	$164,607,848	$161,897,545	$280,168,485	$2,710,303

KANSAS ELECTRIC POWER COOPERATIVE INC