SAN BERNARD ELECTRIC COOPERATIVE INC (EIN 740880083) - 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

Principal Officer

MIKE ABLES

Phone

9798653171

Tax Period

2024-01-01 to 2024-12-31

SAN BERNARD ELECTRIC COOPERATIVE INC, founded in 1939, is a major nonprofit that reported $105.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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 $105,489,008

Investment Income $217,610

Other Revenue $158,222

TOTAL REVENUE $105,864,840

Expense Breakdown

Grants Paid $60,661

Salaries & Benefits $8,253,894

Fundraising Expenses $0

Other Expenses $86,920,489

TOTAL EXPENSES $105,801,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$105,864,840	$106,501,692	0.0%
Expenses	$105,801,516	$106,516,169	0.0%
Net Income	$63,324	$-14,477	-5.4%

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

116

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

$754,658

Total Directors

$209,669

Key Employees

$296,865

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY CHANEY	DIRECTOR	9.00	Director	$18,310	$0	$18,310
SAMMY CONDRA	PRESIDENT	12.00	Officer Director	$32,364	$0	$32,364
DAVID EHLER	DIRECTOR (MAY-DEC)	5.00	Director	$11,306	$0	$11,306
VANCE R ELLIOTT	SECRETARY/TREASURER	10.00	Officer Director	$22,210	$0	$22,210
COLT HAACK	DIRECTOR	10.00	Director	$32,764	$0	$32,764
JASON JOHNSON	DIRECTOR	7.00	Director	$19,911	$0	$19,911
NORMAN KIECKE	VICE PRESIDENT	9.00	Officer Director	$27,787	$0	$27,787
CHARLES MATULA	SECRETARY/TREASURER (JAN-MAY)	3.00	Officer Director	$7,504	$0	$7,504
KARL N MICKLITZ	DIRECTOR	8.50	Director	$20,403	$0	$20,403
LORI WALKER	3RD CHAIR	10.00	Officer Director	$17,110	$0	$17,110
MICHAEL ABLES	CEO/GM	55.00	Officer	$243,719	$172,992	$416,711
JARED JANICEK	BUS GROUP MANAGER/CFO	42.00	Officer	$156,299	$74,673	$230,972
JAMES JOUETT	ELECTRIC SYSTEMS GROUP MGR	50.00	Key Emp	$200,180	$96,685	$296,865
SHAWN BARD	IT GROUP MANAGER	41.00	Highest	$154,646	$68,528	$223,174
ROGER HAYES	LINE CREW LEADER	46.00	Highest	$133,846	$85,749	$219,595
ROBERT HROMADKA	LINE CREW LEADER	52.00	Highest	$160,259	$90,281	$250,540
JAMES PHILLIPS	1ST CLASS LINE TECH	57.00	Highest	$148,054	$69,788	$217,842
JOHN SPIESS	MEMBER SERVICES MANAGER	44.00	Highest	$147,564	$86,520	$234,084

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	$105,864,840	$105,801,516	$280,283,668	$63,324
2023	$106,501,692	$106,516,169	$266,819,265	$-14,477
2022	$107,023,324	$106,982,864	$291,758,444	$40,460
2021	$97,543,303	$97,533,457	$290,497,219	$9,846
2020	$87,212,566	$87,132,886	$221,760,323	$79,680
2019	$84,021,251	$84,042,516	$219,103,280	$-21,265
2018	$82,874,947	$82,785,502	$207,690,083	$89,445

SAN BERNARD ELECTRIC COOPERATIVE INC