CHOPTANK ELECTRIC COOPERATIVE INC (EIN 520271943) - 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

MICHEAL E MALANDRO

Phone

4104790420

Tax Period

2025-01-01 to 2025-12-31

CHOPTANK ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $190.1M in total revenue in fiscal year 2025. Expenses of $182.7M left a modest 4% surplus.

Mission

CHOPTANK ELECTRIC COOPERATIVE ("CEC") EXISTS TO PROVIDE RELIABLE AND COST EFFECTIVE ELECTRICITY THAT IMPROVES THE QUALITY OF LIFE FOR OUR MEMBER- OWNERS. CEC IS COMMITTED TO SERVICE EXCELLENCE GUIDED BY THE SEVEN 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $187,877,801

Investment Income $1,616,851

Other Revenue $568,608

TOTAL REVENUE $190,063,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,609,190

Fundraising Expenses $0

Other Expenses $145,483,050

TOTAL EXPENSES $182,717,542

Year-over-Year Comparison

	2025	2024	Change
Revenue	$190,063,260	$181,987,587	+0.0%
Expenses	$182,717,542	$166,550,159	+0.1%
Net Income	$7,345,718	$15,437,428	-0.5%

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

187

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

$3,207,427

Total Directors

$324,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHEAL E MALANDRO	PRESIDENT &	29.00	Officer	$479,496	$84,183	$782,404
TIMOTHY MCGAHA	VP TECH SERV	15.00	Officer	$116,984	$62,253	$411,176
LEROY SVERDUK	VP ENGINEERI	22.00	Officer	$155,151	$57,917	$381,364
LISA DESANTIS	VP & CFO	23.00	Officer	$153,074	$74,831	$335,855
PAULA J BISHOP	VP H.R.	40.00	Officer	$242,359	$71,720	$314,079
VALERIE CONNELLY	VP GOV. AFFA	27.00	Officer	$187,104	$39,289	$294,612
SARAH M DAHL	VP GENERAL C	29.00	Officer	$172,385	$53,992	$294,245
LANCE LOCKERMAN	VP OPERATION	27.00	Officer	$220,811	$49,821	$271,942
SHAWN SPARKS	MGR OPERATIO	36.00	Highest	$172,494	$74,497	$264,751
TIFFANY TRAUTMAN	DIRECTOR OF	36.00	Highest	$189,551	$46,661	$255,768
CHARLES GLEATON JR	CHIEF ENGINE	37.00	Highest	$175,374	$45,754	$236,140
MATTHEW TEFFEAU	MGR. GOV'T A	29.00	Highest	$185,934	$28,138	$214,072
NATHAN SCHREPPLER	CHIEF ENGINE	40.00	Highest	$171,194	$32,617	$203,811
DONNA R WEST	DIRECTOR	9.53	Director	$26,700	$0	$45,100
JOHN J BURKE	TREASURER	6.63	Officer Director	$24,700	$0	$39,100
JEFFREY D RATHELL SR	DIRECTOR	6.69	Director	$21,800	$0	$37,200
CRAIG N MATHIES	DIRECTOR	3.92	Director	$20,200	$0	$34,600
ROBERT B THOMPSON	DIRECTOR	4.25	Director	$16,250	$0	$30,650
DOUGLAS D SCOTT	CHAIRMAN	3.47	Officer Director	$15,100	$0	$29,500
ROBERT E ARNOLD	VICE CHAIRMA	3.80	Officer Director	$13,300	$0	$28,700
KRISTEN NICKERSON	DIRECTOR	3.37	Director	$13,300	$0	$27,700
AMY I BRANDT	DIRECTOR	2.62	Director	$13,150	$0	$27,550
MATTHEW HOLLOWAY	SECRETARY	2.02	Officer Director	$10,050	$0	$24,450

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	$190,063,260	$182,717,542	$534,029,256	$7,345,718
2024	$181,987,587	$166,550,159	$514,178,827	$15,437,428
2023	$183,421,421	$160,337,675	$511,081,877	$23,083,746
2022	$164,513,922	$161,680,269	$487,333,208	$2,833,653
2021	$137,215,364	$137,631,953	$432,450,863	$-416,589
2020	$137,390,491	$136,653,768	$425,098,589	$736,723
2019	$149,707,367	$148,797,799	$418,966,377	$909,568
2018	$149,387,265	$148,262,971	$411,092,213	$1,124,294

CHOPTANK ELECTRIC COOPERATIVE INC