CORE ELECTRIC COOPERATIVE

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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

1938

Legal Domicile

Principal Officer

PAM FEUERSTEIN CEO

Phone

7207335477

Tax Period

2024-01-01 to 2024-12-31

CORE ELECTRIC COOPERATIVE, founded in 1938, is a major nonprofit that reported $413.2M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE FOLLOWING MISSION STATEMENT GUIDES THE COOPERATIVE IN FULFILLING ITS TAX EXEMPT PURPOSE OF PROVIDING QUALITY AND RELIABLE ELECTRIC SERVICE TO OUR MEMBER-CONSUMERS: IMPROVING LIVES AND COMMUNITIES THROUGH CHOICE AND INNOVATION.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 180,898 ACTIVE SERVICES LOCATED IN PORTIONS OF 11 COUNTIES SURROUNDING THE...

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 180,898 ACTIVE SERVICES LOCATED IN PORTIONS OF 11 COUNTIES SURROUNDING THE DENVER, COLORADO AREA AT YEAR END.

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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 $412,183,103

Investment Income $274,478

Other Revenue $711,552

TOTAL REVENUE $413,169,133

Expense Breakdown

Grants Paid $524,646

Salaries & Benefits $40,090,926

Fundraising Expenses $0

Other Expenses $316,025,400

TOTAL EXPENSES $413,169,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,169,133	$353,755,406	+0.2%
Expenses	$413,169,133	$353,755,406	+0.2%
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

345

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

$3,755,410

Total Directors

$356,911

Key Employees

$2,317,187

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY WHITE	PRESIDENT	8.00	Officer Director	$65,442	$0	$65,442
BRUFF SHEA	VICE PRESIDENT	3.00	Officer Director	$52,543	$0	$52,543
WILLIAM KILGORE	DIRECTOR	5.00	Director	$35,414	$0	$35,414
MICHAEL SPERRY	DIRECTOR	6.00	Director	$48,643	$0	$48,643
ROBERT GRAF	DIRECTOR	12.00	Director	$63,955	$0	$63,955
MICHAEL KEMPE	ASST. SECRETARY/TREASURER	7.00	Officer Director	$33,154	$0	$33,154
JAMES ANEST	SECRETARY/TREASURER	7.00	Officer Director	$57,760	$0	$57,760
AMANDA LESHER	CHIEF MEMBER EXPERIENCE OFFICER	45.00	Officer	$422,424	$73,069	$495,493
DIERDRE JONES	CHIEF FINANCIAL OFFICER	40.00	Officer	$580,085	$119,971	$700,056
JEFFREY BAUDIER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$475,410	$103,117	$578,527
KATHLEEN SOLANO	CHIEF ADMINISTRATIVE OFFICER	40.00	Officer	$434,949	$130,350	$565,299
LAURIE BURKHART	CHIEF FINANCIAL OFFICER	50.00	Officer	$56,493	$6,751	$63,244
MARK JURGEMEYER	CHIEF OPERATING OFFICER	40.00	Officer	$362,817	$88,959	$451,776
PAMELA FEUERSTEIN	CHIEF EXECUTIVE OFFICER	55.00	Officer	$565,334	$126,782	$692,116
ANDREW MINTER	DISTRIBUTION OPERATIONS DIRECTOR	40.00	Key Emp	$262,873	$84,571	$347,444
CHRISTOPHER HILDRED	POWER SUPPLY DIRECTOR	45.00	Key Emp	$259,199	$69,086	$328,285
MARCY HUDSON	PEOPLE OPERATIONS DIRECTOR	50.00	Key Emp	$251,681	$95,718	$347,399
JEREMY CANNON	INFORMATION TECHNOLOGY DIRECTOR	45.00	Key Emp	$292,300	$96,274	$388,574
STELLA SELANDER	FLEET AND FACILITIES DIRECTOR	45.00	Key Emp	$232,016	$47,980	$279,996
BRIAN RICHTER	ENGINEERING DIRECTOR	40.00	Key Emp	$231,381	$51,925	$283,306
WADE PYNES	CONTROLLER	55.00	Key Emp	$288,859	$53,324	$342,183
BRIAN HINKS	DISTRIBUTION OPERATIONS MANAGER	40.00	Highest	$218,682	$59,545	$278,227
MATTHEW BASFORD	JOURNEYMAN LINEMAN	53.00	Highest	$219,605	$26,858	$246,463
ROBERT KIESS	DISTRICT MANAGER	40.00	Highest	$215,191	$46,802	$261,993
MICHAEL MCCORKELL	DISTRICT MANAGER	40.00	Highest	$214,721	$45,393	$260,114
THOMAS HAVENS	DISTRICT MANAGER	40.00	Highest	$214,288	$39,926	$254,214

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	$413,169,133	$413,169,133	$1,440,297,004	No data
2023	$353,755,406	$353,755,406	$1,351,724,523	No data
2022	$345,089,935	$345,089,935	$1,250,610,468	No data
2021	$331,307,918	$331,307,918	$1,228,049,117	No data
2020	$313,688,675	$313,688,675	$1,208,217,959	No data
2019	$303,554,876	$303,554,876	$1,128,947,537	No data
2018	$302,028,115	$302,028,115	$1,104,130,170	No data