Co-operative financial model, built free.
A three-statement Excel model for a co-operative or mutual, built from your own figures and checked to balance.
- Free account
- No card
- Usually ready within the hour
We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more
A member-owned business — agricultural supply or marketing co-operative, purchasing or retail co-operative, or other mutual — that returns value through the price it pays or charges members and through patronage rebates rather than dividends, funded by member shares and retained surpluses.
In short
- 01
Three linked statements
Income statement, balance sheet and cash flow, linked in every period.
- 02
Valued two ways
Discounted cash flow and net asset value, side by side.
- 03
Monthly to annual
Monthly, quarterly, half-yearly or annual periods, for up to 30 years.
- 04
Checked every period
A Checks sheet shows the balance sheet balances and the cash reconciles.
The sample, as Excel draws it.
Built by the same system and checks as yours: its structure and its inputs, ready for your own figures.
The sample describes no real business. Yours is calibrated to your own figures, so its results are your business’s.
How the model works for a co-operative.
- How it earns revenue3 formulasMember trade and price-to-member · All member segmentsClosing supplying membersOpening supplying membersGrowth in supplying members a yearshare of the yearMember trade and price-to-member · All member segmentsPayments to supplier membersVolume supplied by membersFinal price for the season (opening price plus step-ups)Member trade and price-to-member · All member segmentsSales of member produceVolume supplied by membersRealised value of product sold per unit supplied
- What drives its costs3 formulasDirect costs (top-down) · Across the businessCost of salesRevenuefrom statementsGross marginOperating expenses · Across the businessTotal FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administrationOperating expenses · Across the businessTotal average FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
- What it invests in3 formulasCorporate fixed assetsCapital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capexCorporate fixed assetsDepreciationDepreciation of the opening asset baseDepreciation of new capexCorporate fixed assetsClosing net book valueOpening net book valueCapital expenditureDepreciation
- How it is funded3 formulasDebtRepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweepDebtClosing balanceOpening balanceDrawdownsRepaymentsDebtInterest expenseOpening balanceAll-in interest rateshare of the year
- How profit becomes cash3 formulasWorking capitalTrade receivablesRevenuefrom statementsDebtor daysDays in periodWorking capitalInventoryDirect costs (positive)from statementsInventory daysDays in periodWorking capitalTrade payablesCash operating costs (positive)from statementsCreditor daysDays in period
12 parts, each one tested.
Every part is a tested building block with its own checks: yours is put together from the ones your business needs.
- CPI forecastConsensus curve with long-run anchor
- Revenue (top-down)Price × volume
- Direct costs (top-down)Gross margin %
- Operating expensesHeadcount build by function
- Corporate costsFixed cost base indexed to CPI
- Working capitalFull working capital
- Corporate fixed assetsStraight-line over remaining life
- DebtAmortising term loan
- Discounted cash flow valuationDCF on free cash flow to the firm
- Net asset valueBook net asset value
- LeasesLease register
- Member trade and price-to-memberAnnounced price with step-upsThe business members do with the co-operative — produce supplied or goods and services bought — and the price it pays or charges them, the main lever by which a co-operative returns value.
The numbers it tracks.
- 01members
- 02member throughput
- 03price paid to members against benchmark
- 04rebates per member
- 05retained surplus
- 06member capital
- 07gearing
What it is used for.
- Budget and rolling forecastGuide · Cash flow forecast
- Operating forecastGuide · Financial projections
- Lending and credit analysisGuide · Three-statement model
- Equity capital raisingGuide · Startup financial model
- ValuationGuide · DCF valuation model
- Merger or acquisition (strategic)Guide · Financial modelling services
- Restructuring and liquidityGuide · Financial modelling services
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Looking for a co-operative financial model template? Ours arrives built for your business, with your figures in it.
See a finished model, sheet by sheetThe sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.