SHERIDAN ELECTRIC COOPERATIVE (EIN 810216871) - 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

1946

Legal Domicile

Principal Officer

RODNEY SMITH

Phone

4064892231

Tax Period

2023-01-01 to 2023-12-31

SHERIDAN ELECTRIC COOPERATIVE, founded in 1946, is a mid-sized nonprofit that reported $20.2M in total revenue in fiscal year 2023. Expenses of $17.3M left a modest 14% surplus.

Mission

RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICES TO CONSUMERS.

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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 $19,380,859

Investment Income $143,305

Other Revenue $672,548

TOTAL REVENUE $20,196,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,895

Fundraising Expenses $0

Other Expenses $17,311,453

TOTAL EXPENSES $17,323,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,196,712	$19,827,462	+0.0%
Expenses	$17,323,348	$15,965,553	+0.1%
Net Income	$2,873,364	$3,861,909	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN DANIELSON	BOARD MEMBER	N/A	Director	$0	$0	$0
ANDREW DETHMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
JODY LAGERQUIST	BOARD MEMBER	N/A	Director	$0	$0	$0
SHERL SHANKS	BOARD MEMBER	N/A	Director	$0	$0	$0
HARLAN SKILLINGBERG	BOARD MEMBER	N/A	Director	$0	$0	$0
RICK HANSEN	VICE PRESIDE	N/A	Officer	$0	$0	$0
KERREY HEPPNER	TREASURER	N/A	Officer	$0	$0	$0
ROBERT RUST	SECRETARY	N/A	Officer	$0	$0	$0
RODNEY SMITH	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$20,196,712	$17,323,348	$67,848,046	$2,873,364
2022	$19,827,462	$15,965,553	$67,525,493	$3,861,909
2021	$18,584,978	$15,287,989	$64,187,629	$3,296,989
2020	$18,720,799	$16,675,418	$64,977,818	$2,045,381
2019	$20,614,215	$17,834,264	$66,028,096	$2,779,951
2018	$20,510,364	$16,745,439	$67,295,663	$3,764,925

SHERIDAN ELECTRIC COOPERATIVE