Canadian Valley Electric Cooperative Inc (EIN 730171526) - 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

1939

Legal Domicile

Phone

4053823680

Tax Period

2023-01-01 to 2023-12-31

Canadian Valley Electric Cooperative Inc, founded in 1939, is a mid-sized nonprofit that reported $78.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $86.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE RETAIL ELECTRIC UTILITY SERVICE TO COOPERATIVE MEMBERS ON A NOT-FOR-PROFIT BASIS, PRIMARILY IN RURAL AREAS.

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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 $83,885,264

Investment Income $952,209

Other Revenue $-6,339,383

TOTAL REVENUE $78,498,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,346,310

Fundraising Expenses $0

Program Expenses $0

Other Expenses $75,785,328

TOTAL EXPENSES $86,813,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,498,090	$68,485,719	+0.1%
Expenses	$86,813,053	$92,064,449	-0.1%
Net Income	$-8,314,963	$-23,578,730	-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

108

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

$838,863

Total Directors

$123,296

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Trustee - Treasurer	5.0	Officer Director	$15,308	$0	$15,308
N/A	Board Trustee - President	18.0	Officer Director	$16,460	$0	$16,460
N/A	Board Trustee - Secretary	6.0	Officer Director	$16,939	$0	$16,939
N/A	Board Trustee - Vice President	5.0	Officer Director	$13,255	$0	$13,255
N/A	Board Trustee	10.0	Director	$11,798	$0	$11,798
N/A	Board Trustee	5.0	Director	$15,616	$0	$15,616
N/A	Board Trustee	18.0	Director	$16,260	$0	$16,260
N/A	Board Trustee	18.0	Director	$17,660	$0	$17,660
N/A	CEO	44.0	Officer	$309,064	$64,039	$373,103
N/A	Manager of Finance	42.0	Officer	$146,233	$41,762	$187,995
N/A	COO	48.0	Officer	$169,940	$45,863	$215,803
N/A	Manager of IT	46.0	Highest	$135,070	$40,815	$175,885
N/A	Director of Safety	43.0	Highest	$135,259	$40,632	$175,891
N/A	Area Serviceman	61.0	Highest	$172,866	$26,809	$199,675
N/A	General Manager of Broadband	42.0	Highest	$152,709	$37,544	$190,253
N/A	Area Serviceman	58.0	Highest	$147,942	$33,187	$181,129

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	$78,498,090	$86,813,053	$228,017,097	$-8,314,963
2022	$68,485,719	$92,064,449	$211,219,672	$-23,578,730
2021	$69,270,313	$74,583,868	$173,885,980	$-5,313,555
2020	$64,253,669	$64,253,669	$129,647,902	No data
2019	$66,445,905	$66,445,905	$123,634,009	No data
2018	$64,804,949	$64,804,949	$121,745,813	No data

Canadian Valley Electric Cooperative Inc