LAKE REGION ELECTRIC COOPERATIVE INC (EIN 730579543) - 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

1949

Legal Domicile

Principal Officer

GLEN CLARK

Phone

9187722526

Tax Period

2024-01-01 to 2024-12-31

LAKE REGION ELECTRIC COOPERATIVE INC, founded in 1949, is a mid-sized nonprofit that reported $74.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE ELECTRICITY TO MEMBERS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,477,272

Investment Income $716,909

Other Revenue $15,253,029

TOTAL REVENUE $74,447,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,836,218

Fundraising Expenses $0

Other Expenses $68,488,765

TOTAL EXPENSES $74,447,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,447,210	$72,029,079	+0.0%
Expenses	$74,447,210	$72,029,079	+0.0%
Net Income	$0	N/A	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

132

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

$758,148

Total Directors

$319,930

Key Employees

$555,776

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEISA WALKER	DIRECTOR OF	40.00	Key Emp	$233,237	$322,539	$555,776
JOHN LEE	CEO	45.00	Officer	$264,143	$125,228	$389,371
WENDELL WELCH	SR DIR IT &	40.00	Highest	$235,470	$86,796	$322,266
LOGAN PLEASANT	DIR OF OPERA	40.00	Highest	$236,420	$80,250	$316,670
BEN MCCOLLUM	DIR FINANCE	40.00	Officer	$145,306	$146,577	$291,883
FRANK TEAGUE	LINEMAN	40.00	Highest	$176,140	$70,305	$246,445
RANDALL SCOTT	LINEMAN	40.00	Highest	$176,473	$44,491	$220,964
LAYNE MARSHALL	LINEMAN	40.00	Highest	$182,576	$24,291	$206,867
HAMID VAHDATIPOUR	INTERIM CEO	40.00	Officer	$62,574	$14,320	$76,894
JAMES MANES	PRESIDENT	8.00	Director	$60,755	$0	$60,755
JAMES WALLS	DIRECTOR	3.00	Director	$54,355	$0	$54,355
RANDALL SHANKLE	SECRETARY/TR	3.00	Director	$50,355	$0	$50,355
GARY COOPER	DIRECTOR	8.00	Director	$48,755	$0	$48,755
LYNN LAMONS	VICE PRESIDE	6.00	Director	$38,970	$0	$38,970
DIANNE MAYFIELD	DIRECTOR	3.00	Director	$36,570	$0	$36,570
JACK TEAGUE	ASST. SEC/TR	10.00	Director	$30,170	$0	$30,170

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	$74,447,210	$74,447,210	$274,914,956	No data
2023	$72,029,079	$72,029,079	$263,310,807	No data
2022	$59,904,146	$59,904,146	$216,382,983	No data
2021	$55,653,539	$55,653,539	$189,199,818	No data
2020	$51,418,857	$51,327,402	$170,354,416	$91,455
2019	$50,566,679	$50,425,094	$150,765,905	$141,585
2018	$49,837,366	$50,039,247	$137,089,100	$-201,881

LAKE REGION ELECTRIC COOPERATIVE INC