LAKEVIEW LIGHT & POWER (EIN 910287923) - 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

1922

Legal Domicile

Principal Officer

DERISE WARNER

Phone

2535846060

Tax Period

2024-01-01 to 2024-12-31

LAKEVIEW LIGHT & POWER, founded in 1922, is a mid-sized nonprofit that reported $24.9M in total revenue in fiscal year 2024. The organization ran a surplus of $8.0M, a strong 32% operating margin.

Mission

PROVIDE RELIABLE AND EFFICIENT ELECTRIC UTILITY SERVICE TO ITS MEMBERS.

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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 $24,114,087

Investment Income $687,986

Other Revenue $137,568

TOTAL REVENUE $24,939,641

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $1,855,185

Fundraising Expenses $0

Other Expenses $15,078,622

TOTAL EXPENSES $16,944,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,939,641	$25,483,643	0.0%
Expenses	$16,944,807	$15,713,149	+0.1%
Net Income	$7,994,834	$9,770,494	-0.2%

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

$585,536

Total Directors

$91,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM MCDONALD	PRESIDENT	3.00	Officer Director	$19,200	$0	$19,200
AVERY JOHNSON	VICE PRESIDENT	3.00	Officer Director	$17,100	$0	$17,100
ROBERT ESTRADA	SECRETARY	3.00	Officer Director	$11,700	$0	$11,700
ALAN HART	TREASURER	3.00	Officer Director	$18,750	$0	$18,750
LINDA MCDERMOTT	DIRECTOR	3.00	Director	$22,950	$0	$22,950
JESSICA ELWESS	DIRECTOR	3.00	Director	$1,800	$0	$1,800
JOHN DEVORE	GENERAL MANAGER	40.00	Officer	$241,171	$56,390	$297,561
DERISE WARNER	CHIEF FINANCIAL OFFICER	40.00	Officer	$180,899	$40,326	$221,225
ANTHONY RUSIN	IT/SUBSTATION TECHNICIAN	40.00	Highest	$183,350	$48,531	$231,881
COREY LIND	LINEMAN	40.00	Highest	$174,134	$26,823	$200,957
KELLY BUTTS	SUPERINTENDENT	40.00	Highest	$179,752	$52,291	$232,043
LEVI HALL	LINE FOREMAN	40.00	Highest	$173,759	$35,695	$209,454
DANIEL FORSMAN	LINE FOREMAN	40.00	Highest	$179,994	$48,116	$228,110

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	$24,939,641	$16,944,807	$65,706,773	$7,994,834
2023	$25,483,643	$15,713,149	$64,477,935	$9,770,494
2022	$25,225,871	$17,114,537	$57,095,778	$8,111,334
2021	$24,172,277	$16,452,603	$50,109,948	$7,719,674
2020	$24,001,679	$16,307,831	$45,037,683	$7,693,848
2019	$25,254,318	$16,449,047	$41,291,755	$8,805,271
2018	$26,019,061	$17,896,747	$35,987,795	$8,122,314

LAKEVIEW LIGHT & POWER