TANNER ELECTRIC COOPERATIVE INC

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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

1936

Legal Domicile

Principal Officer

STEVE WALTER

Phone

4258880623

Tax Period

2023-01-01 to 2023-12-31

TANNER ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $13.8M in total revenue in fiscal year 2023. The organization ran a surplus of $2.1M, a strong 15% operating margin.

Mission

THE MISSION OF TANNER ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, SUSTAINABLE ELECTRIC POWER AND RELATED SERVICES TO THE COMMUNITIES WE ARE PROUD TO SERVE.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 5,317 ACTIVE SERVICES 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,100,359

Investment Income $91,763

Other Revenue $646,454

TOTAL REVENUE $13,838,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,660,785

Fundraising Expenses $0

Other Expenses $8,874,935

TOTAL EXPENSES $11,760,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,838,576	$13,148,895	+0.1%
Expenses	$11,760,155	$12,188,094	0.0%
Net Income	$2,078,421	$960,801	+1.2%

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

$699,877

Total Directors

$61,550

Key Employees

$254,897

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HODGE	PRESIDENT	3.30	Officer Director	$12,000	$0	$12,000
CAROL PASCHAL	TREASURER	3.60	Officer Director	$11,200	$0	$11,200
JOHN SAATELA	DIRECTOR	2.80	Director	$6,300	$0	$6,300
STEVE NICHOLES	DIRECTOR	2.30	Director	$5,500	$0	$5,500
ROGER GUAY	VICE PRESIDENT	2.50	Officer Director	$6,250	$0	$6,250
SUSAN SERRETTE-EGAN	SECRETARY (JAN-FEB)	0.40	Officer Director	$600	$0	$600
DAVID MCGOLDRICK	DIRECTOR	1.80	Director	$5,700	$0	$5,700
DUTCH SIEDENTOPF	SECRETARY	1.10	Officer Director	$7,000	$0	$7,000
KRISTINA MICHAEL	DIRECTOR	1.00	Director	$3,800	$0	$3,800
MALCOLM LYBECK	DIRECTOR (JUNE-DEC)	3.60	Director	$3,200	$0	$3,200
STEVE WALTER	CEO	45.00	Officer	$276,496	$171,295	$447,791
KEVIN BURNS	DIRECTOR OF FINANCE	45.00	Officer	$165,879	$49,157	$215,036
NICK HIMEBAUCH	MGR OF OPERATIONS	40.00	Key Emp	$181,575	$73,322	$254,897
KYE REFVEM	LINEMAN	54.00	Highest	$223,889	$24,553	$248,442
CHAD LOHREY	LEAD LINEMAN	50.00	Highest	$212,178	$25,411	$237,589
RORY WALTER	LINEMAN	51.00	Highest	$204,532	$22,714	$227,246
BLAINE BARNARD	LINEMAN	51.00	Highest	$204,102	$23,432	$227,534
JUSTIN ISACKSON	FOREMAN	49.00	Highest	$202,915	$52,241	$255,156

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	$13,838,576	$11,760,155	$39,734,098	$2,078,421
2022	$13,148,895	$12,188,094	$39,195,305	$960,801
2021	$13,296,092	$11,811,459	$38,780,092	$1,484,633
2020	$12,480,407	$11,656,539	$38,390,835	$823,868
2019	$11,612,111	$11,537,475	$38,737,195	$74,636