DEAF SMITH ELECTRIC COOPERATIVE INC (EIN 750230385) - 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

1937

Legal Domicile

Principal Officer

TIMOTHY BURKHALTER

Phone

8063641166

Tax Period

2023-01-01 to 2023-12-31

DEAF SMITH ELECTRIC COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $75.2M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

TO PROVIDE ELECTRICITY TO RURAL AREAS 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 $74,761,041

Investment Income $408,925

Other Revenue $0

TOTAL REVENUE $75,169,966

Expense Breakdown

Grants Paid $9,150

Salaries & Benefits $4,792,639

Fundraising Expenses $0

Other Expenses $55,313,376

TOTAL EXPENSES $75,169,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,169,966	$86,716,385	-0.1%
Expenses	$75,169,966	$86,716,385	-0.1%
Net Income	$0	$0	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

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

$359,782

Total Directors

$196,044

Key Employees

$216,009

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE OLSON	VICE CHAIRMAN	3.80	Officer Director	$27,132	$0	$27,132
VICK CHRISTIAN	DIRECTOR	4.50	Director	$28,012	$0	$28,012
JIM HOELTING	CHAIRMAN	4.80	Officer Director	$27,224	$0	$27,224
DANNY HAND	SECRETARY/TREASURER	3.50	Officer Director	$29,839	$0	$29,839
MELVIN BETZEN	DIRECTOR	3.00	Director	$28,589	$0	$28,589
MICHAEL CARLSON	DIRECTOR	3.80	Director	$30,269	$0	$30,269
ROBERT BOOZER	DIRECTOR	3.50	Director	$24,979	$0	$24,979
TIMOTHY BURKHALTER	PRESIDENT/GENERAL MANAGER	45.00	Officer	$203,839	$71,748	$275,587
JUANITA ALEJANDRE	ACCOUNTING MANAGER	40.00	Key Emp	$156,448	$59,561	$216,009
WILLIAM STEFFENS	JOURNEYMAN LINEMAN	52.00	Highest	$132,574	$47,680	$180,254
BRANDON MCCAMISH	JOURNEYMAN LINEMAN	65.00	Highest	$130,813	$34,162	$164,975
BEAU HARMON	FOREMAN JOURNEYMAN LINEMAN	48.00	Highest	$130,655	$40,611	$171,266
ELIO HERNANDEZ	ENGINEER	40.00	Highest	$130,430	$27,978	$158,408
JOSEPH MURRAY	JOURNEYMAN LINEMAN	50.00	Highest	$128,553	$39,226	$167,779

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	$75,169,966	$75,169,966	$136,454,276	No data
2022	$86,716,385	$86,716,385	$130,870,300	No data
2021	$79,450,297	$79,450,297	$131,981,381	No data
2020	$64,266,853	$64,266,853	$122,883,212	No data
2019	$57,673,046	$57,673,046	$121,498,916	No data
2018	$64,029,981	$64,029,981	$109,405,149	No data

DEAF SMITH ELECTRIC COOPERATIVE INC