GOLDEN STATE POWER COOPERATIVE (EIN 680441905) - 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

Jessica Nelson

Phone

5309277856

Tax Period

2024-01-01 to 2024-12-31

GOLDEN STATE POWER COOPERATIVE, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $371K in total revenue in fiscal year 2024.

Mission

To use the cooperative business model to assist California communities to create and manage non-profit, member-owned, member-controlled energy cooperatives that provide honest, efficient, affordable, and reliable electric service. Golden State Power Cooperative strives to minimize the legislative and regulatory burden on California's electric cooperatives so that they can serve their communities affordably.

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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 (2024)

Revenue Breakdown

Contributions & Grants $370,753

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $370,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,218

Fundraising Expenses $0

Program Expenses $0

Other Expenses $65,100

TOTAL EXPENSES $368,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$370,753	$352,425	+0.1%
Expenses	$368,318	$343,336	+0.1%
Net Income	$2,435	$9,089	-0.7%

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

N/A

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

Total Directors

Key Employees

$289,590

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Nelson	General Manager	45	Key Emp Highest	$205,346	$84,244	$289,590
Bob Marshall	Director	1	Director	$0	$0	$0
Kevin Short	President of Board of Directors	1	Officer	$0	$0	$0
Paul Hauser	Vice President of Board of Directors	1	Officer	$0	$0	$0
Bradley Kresge	Secretary/Treasurer of Board of Directors	1	Officer	$0	$0	$0

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	No data	No data	No data	No data
2024	$370,753	$368,318	$86,737	$2,435
2023	$352,425	$343,336	$84,302	$9,089
2022	$341,572	$325,827	$75,213	$15,745
2021	$290,791	$285,849	$59,468	$4,942

GOLDEN STATE POWER COOPERATIVE