KENERGY CORP (EIN 611345109) - 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

TIMOTHY LINDAHL

Phone

8008444832

Tax Period

2023-01-01 to 2023-12-31

KENERGY CORP, founded in 1999, is a major nonprofit that reported $347.3M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring.

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 $344,126,401

Investment Income $541,305

Other Revenue $2,619,140

TOTAL REVENUE $347,286,846

Expense Breakdown

Grants Paid $38,317

Salaries & Benefits $12,846,770

Fundraising Expenses $0

Other Expenses $334,721,554

TOTAL EXPENSES $347,606,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,286,846	$624,047,751	-0.4%
Expenses	$347,606,641	$624,019,806	-0.4%
Net Income	$-319,795	$27,945	-12.4%

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

135

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

$1,086,902

Total Directors

$149,050

Key Employees

$1,010,370

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN AYER	VICE CHAIRMAN	6.00	Officer Director	$12,100	$0	$12,100
RICHARD BASHAM	DIRECTOR	8.00	Director	$13,800	$0	$13,800
SUSAN BLANFORD	DIRECTOR	4.00	Director	$15,300	$0	$15,300
LARRY ELDER	DIRECTOR	8.00	Director	$14,100	$0	$14,100
RYAN HAMMACK	DIRECTOR	8.00	Director	$12,900	$0	$12,900
MICHAEL HAZELWOOD	DIRECTOR	4.00	Director	$13,500	$0	$13,500
EDDIE LEACH	DIRECTOR	12.00	Director	$14,400	$0	$14,400
WILLIAM REID	CHAIRMAN	3.50	Officer Director	$15,300	$0	$15,300
CRAIG ROBERTS	SECRETARY/TREASURER	8.00	Officer Director	$12,150	$0	$12,150
ROBERT WHITE	DIRECTOR	6.00	Director	$12,600	$0	$12,600
BRENT WIGGINTON	DIRECTOR	8.00	Director	$12,900	$0	$12,900
JEFF HOHN	PRESIDENT & CEO (JAN-MAR)	50.00	Officer	$244,815	$134,125	$378,940
TIMOTHY LINDAHL	PRESIDENT & CEO (MAR-DEC)	60.00	Officer	$238,017	$60,857	$298,874
DEBRA HAYDEN	EXECUTIVE ASST. SECRETARY	40.00	Officer	$104,392	$35,588	$139,980
TRAVIS SIEWERT	VP - FINANCE & ACCOUNTING	45.00	Officer	$177,744	$51,814	$229,558
ROB STUMPH	VP - ENGINEERING	45.00	Key Emp	$235,029	$218,114	$453,143
KEITH ELLIS	VP - ADMINISTRATIVE SERVICES	50.00	Key Emp	$201,013	$89,805	$290,818
STEVE THOMPSON	VP - REGULATORY/EXTERNAL AFFAIRS	40.00	Key Emp	$197,058	$69,351	$266,409
MICHAEL CHURCH	OPERATIONS MANAGER	55.00	Highest	$145,986	$88,524	$234,510
CASEY BAKER	OPERATIONS MANAGER	50.00	Highest	$140,532	$59,395	$199,927
ANDREW WEBSTER	CREW LEADER	55.00	Highest	$139,741	$35,010	$174,751
LOGAN HARPOLE	SERVICE TECHNICIAN	58.00	Highest	$138,988	$33,221	$172,209
THANE LACAZE	CREW LEADER	54.00	Highest	$137,727	$32,768	$170,495

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	$347,286,846	$347,606,641	$321,555,799	$-319,795
2022	$624,047,751	$624,019,806	$278,992,513	$27,945
2021	$473,591,627	$473,428,740	$260,651,880	$162,887
2020	$359,241,395	$359,090,088	$255,635,328	$151,307
2019	$395,124,072	$394,964,455	$248,759,515	$159,617
2018	$405,915,148	$405,797,067	$254,889,322	$118,081

KENERGY CORP