BLUESTEM ELECTRIC COOPERATIVE INC (EIN 481206132) - 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

1999

Legal Domicile

Principal Officer

MICHAEL LEITCH

Phone

7854562212

Tax Period

2025-01-01 to 2025-12-31

BLUESTEM ELECTRIC COOPERATIVE INC, founded in 1999, is a mid-sized nonprofit in the Mutual Benefit sector that reported $20.8M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDE SAFE RELIABLE ENERGY TO RURAL COOPERATIVE MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,182,136

Investment Income $581,234

Other Revenue $17,045

TOTAL REVENUE $20,780,415

Expense Breakdown

Grants Paid $23,693

Salaries & Benefits $3,588,005

Fundraising Expenses $0

Other Expenses $15,140,223

TOTAL EXPENSES $20,780,415

Year-over-Year Comparison

	2025	2024	Change
Revenue	$20,780,415	$19,004,266	+0.1%
Expenses	$20,780,415	$19,004,266	+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

$489,872

Total Directors

$151,113

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK DIEDERICH	PRESIDENT	15.50	Officer Director	$15,692	$0	$15,692
BRUCE MEYER	SECRETARY	20.70	Officer Director	$23,469	$0	$23,469
AMANDA GNADT	TREASURER	7.50	Officer Director	$9,712	$0	$9,712
RICHARD RIDDER	TRUSTEE	9.80	Director	$12,660	$0	$12,660
MATTHEW REZAC	TRUSTEE	7.50	Director	$8,614	$0	$8,614
STEPHEN O'SHEA	TRUSTEE	11.20	Director	$11,741	$0	$11,741
GARY BUSS	TRUSTEE	21.60	Director	$26,673	$0	$26,673
PATRICIA BLOOMDAHL	TRUSTEE	12.50	Director	$13,144	$0	$13,144
STEVE OHLDE	TRUSTEE	8.80	Director	$8,716	$0	$8,716
BRENT MCKEEMAN	TRUSTEE	11.60	Director	$11,520	$0	$11,520
DONALD CLASSEN	VICE PRESIDENT	8.00	Officer Director	$9,172	$0	$9,172
MICHAEL M MORTON	GENERAL MANAGER (RET 1/3/25)	24.00	Officer	$48,210	$3,791	$52,001
TRISHA BRADLEY	MANAGER OF ACCOUNTING & FINANCE	43.40	Officer	$133,806	$43,230	$177,036
MICHAEL LEITCH	CEO	46.30	Officer	$167,919	$34,871	$202,790
KEVIN HEPTIG	MANAGER OF MEMBER SERVICES	45.50	Highest	$113,905	$100,357	$214,262
BENJIMIN EASTERBERG	MANAGER OF AMI & MAPPING	43.90	Highest	$112,223	$47,958	$160,181
BENJAMIN MATTHEWS III	OPERATIONS FOREMAN	43.40	Highest	$112,497	$61,623	$174,120
JEROD CHAFFEE	MANAGER OF LINE OPERATIONS	42.00	Highest	$120,997	$65,425	$186,422
THAD DONNELLY	ASSISTANT MANAGER OF LINE OPERATIONS	41.80	Highest	$111,717	$74,179	$185,896

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
2025	$20,780,415	$20,780,415	$66,362,820	No data
2024	$19,004,266	$19,004,266	$64,685,026	No data
2023	$19,246,612	$19,246,612	$63,782,231	No data
2022	$19,515,990	$19,515,990	$63,678,036	No data
2021	$18,369,331	$18,369,331	$60,019,975	No data
2020	$17,843,940	$17,843,940	$57,132,154	No data
2019	$17,618,154	$17,618,154	$54,731,161	No data
2018	$17,615,727	$17,615,727	$51,051,338	No data

BLUESTEM ELECTRIC COOPERATIVE INC