DUNCAN VALLEY ELECTRIC COOPERATIVE INC (EIN 860086280) - 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

1947

Legal Domicile

Principal Officer

KASSI MORTENSEN

Phone

9283592503

Tax Period

2024-01-01 to 2024-12-31

DUNCAN VALLEY ELECTRIC COOPERATIVE INC, founded in 1947, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 3% surplus.

Mission

TO PROVIDE ELECTRIC AND GAS ENERGY 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,008,603

Investment Income $173,317

Other Revenue $33,512

TOTAL REVENUE $5,215,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,315,835

Fundraising Expenses $0

Other Expenses $3,726,157

TOTAL EXPENSES $5,041,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,215,432	$5,472,570	0.0%
Expenses	$5,041,992	$5,608,583	-0.1%
Net Income	$173,440	$-136,013	-2.3%

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

$324,819

Total Directors

$43,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY AVILA	DIRECTOR	2.60	Director	$3,800	$0	$3,800
BILL CUTHBERTSON	DIRECTOR	2.40	Director	$4,000	$0	$4,000
FRANK DOWNS	SECRETARY	2.10	Officer Director	$5,400	$0	$5,400
JOHNNIE FRIE	DIRECTOR	3.30	Director	$5,200	$0	$5,200
ERNESTO GARCIA	DIRECTOR	3.50	Director	$6,600	$0	$6,600
TOM LOVETT	PRESIDENT	6.10	Officer Director	$7,900	$0	$7,900
TOM POWERS	VICE PRESIDENT	1.50	Officer Director	$2,800	$0	$2,800
DUSTIE ROBINETTE	DIRECTOR (JAN-APR)	2.80	Director	$3,200	$0	$3,200
DANIEL SANCHEZ	DIRECTOR (APR-DEC)	2.20	Director	$4,200	$0	$4,200
KASSI MORTENSEN	CEO	40.00	Officer	$124,937	$31,785	$156,722
KIMBERLY WATERS	OFFICE MANAGER/ACCOUNTANT	40.00	Officer	$107,086	$44,911	$151,997
MICHAEL STRAIN	OPERATIONS MANAGER	45.00	Highest	$125,228	$83,614	$208,842

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	$5,215,432	$5,041,992	$12,057,357	$173,440
2023	$5,472,570	$5,608,583	$12,086,294	$-136,013
2022	$5,692,030	$5,558,171	$11,812,605	$133,859
2021	$4,342,345	$4,082,260	$11,704,172	$260,085
2020	$4,047,287	$4,101,682	$10,820,190	$-54,395
2019	$4,773,491	$4,814,503	$10,743,600	$-41,012
2018	$4,841,058	$4,840,443	$10,161,929	$615

DUNCAN VALLEY ELECTRIC COOPERATIVE INC