LANE 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

1939

Legal Domicile

Principal Officer

Scott Coe

Phone

5414841151

Tax Period

2024-01-01 to 2024-12-31

LANE ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $29.5M in total revenue in fiscal year 2024.

Mission

PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS

Program Service Accomplishments

Program 1

Expenses: $29,192,513 Revenue: $29,338,228

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 10,000 MEMBERS THROUGH WHOLESALE PURCHASE OF POWER, MAINTENANCE OF TRANSMISSION AND DISTRIBUTION FACILITIES AS WELL AS OVERALL OPERATION ACTIVITIES.

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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 $29,192,513

Investment Income $74,835

Other Revenue $218,398

TOTAL REVENUE $29,485,746

Expense Breakdown

Grants Paid $20,500

Salaries & Benefits $2,377,154

Fundraising Expenses $0

Program Expenses $29,192,513

Other Expenses $25,311,669

TOTAL EXPENSES $29,192,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,485,746	$28,802,287	+0.0%
Expenses	$29,192,513	$28,636,397	+0.0%
Net Income	$293,233	$165,890	+0.8%

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

$730,067

Total Directors

$121,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Debora Wilson	General Manager	45	Officer	$296,139	$111,026	$407,165
Jeffrey Dau	Line Foreman	55	Highest	$251,945	$76,925	$328,870
Travis Larsen	Foreman	53	Highest	$234,269	$85,306	$319,575
Brian Mattie	Serviceman	51	Highest	$224,695	$81,600	$306,295
Myles Rodakowski	Foreman	50	Highest	$220,297	$85,311	$305,608
Herb Anderson	Serviceman	52	Highest	$231,202	$73,914	$305,116
Karl Ramsey	Manager, Finance and Administration	40	Officer	$199,639	$46,538	$246,177
Susan Knudsen Obermeyer	Secretary	15	Officer Director	$22,125	$0	$22,125
Chris Seubert	Treasurer	12	Officer Director	$20,675	$0	$20,675
Jeanette I Kessler	Director	28	Director	$19,200	$0	$19,200
Kris Martes	President	10	Officer Director	$18,925	$0	$18,925
Kathy Keable	Director	13	Director	$18,100	$0	$18,100
Dean Livelybrooks	Vice-President	8	Officer Director	$15,000	$0	$15,000
James Martini	Director	6	Director	$6,900	$0	$6,900
Paula Brown	Director	6	Director	$800	$0	$800

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
2025	No data	No data	No data	No data
2024	$29,485,746	$29,192,513	$99,187,111	$293,233
2023	$28,802,287	$28,636,397	$89,131,436	$165,890
2022	$29,293,150	$28,985,238	$84,464,864	$307,912
2021	$28,132,650	$27,852,334	$79,862,417	$280,316
2020	$27,715,478	$27,406,733	$79,399,349	$308,745