STEUBEN RURAL ELECTRIC COOPERATIVE INC (EIN 160650108) - 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

1941

Legal Domicile

Principal Officer

Bryant Dillon

Phone

6077764161

Tax Period

2025-01-01 to 2025-12-31

STEUBEN RURAL ELECTRIC COOPERATIVE INC, founded in 1941, is a mid-sized nonprofit that reported $14.8M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $14.1M left a modest 5% surplus.

Mission

The mission of Steuben Rural Electric Cooperative is to improve the quality of rural life by providing our members with low cost, reliable electricity and related services in a safe manner.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,683,211

Investment Income $68,258

Other Revenue $86,716

TOTAL REVENUE $14,838,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,491

Fundraising Expenses $0

Program Expenses $14,136,784

Other Expenses $13,341,735

TOTAL EXPENSES $14,136,784

Year-over-Year Comparison

	2025	2024	Change
Revenue	$14,838,185	$12,813,066	+0.2%
Expenses	$14,136,784	$12,764,695	+0.1%
Net Income	$701,401	$48,371	+13.5%

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

$211,611

Total Directors

$58,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD BORKOWSKI	DIRECTOR	4.55	Director	$9,320	$0	$9,320
JAMES R MCCORMICK	PRESIDENT	4.81	Officer Director	$7,500	$0	$7,500
GERALD CHASE	DIRECTOR	4.46	Director	$7,460	$0	$7,460
GORDON FOSTER	TREASURER	3.96	Officer Director	$7,760	$0	$7,760
ROBERT V NICHOLS	VICE PRESIDENT	3.52	Officer Director	$6,980	$0	$6,980
RANDY STANKEY	DIRECTOR	3.35	Director	$6,200	$0	$6,200
JANICE HOAD	SECRETARY	2.67	Officer Director	$6,500	$0	$6,500
WILLIAM H MOSS III	DIRECTOR	1.88	Director	$3,300	$0	$3,300
WALTER LONGWELL	DIRECTOR	1.09	Director	$3,600	$0	$3,600
BRYANT DILLON	GENERAL MANAGER	48.52	Officer	$131,703	$51,168	$182,871
WADE NELSON	LINE FOREMAN	43.82	Highest	$135,702	$36,677	$172,379
RICHARD PENDLE	CHIEF LINEMAN	48.33	Highest	$166,107	$36,045	$202,152
DOUGLAS HOSMER-SMITH	FIRST CLASS LINEMAN	46.24	Highest	$136,994	$0	$136,994
JUSTIN YOUNG	FIRST CLASS LINEMAN	43.68	Highest	$140,274	$26,251	$166,525
EVAN GREEN	CHIEF LINEMAN	47.41	Highest	$138,020	$0	$138,020

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	$14,838,185	$14,136,784	$49,728,987	$701,401
2024	No data	No data	No data	No data
2023	$11,304,486	$11,107,369	$43,343,667	$197,117
2022	$12,328,406	$11,501,376	$40,590,511	$827,030
2021	$11,402,118	$10,741,330	$38,467,203	$660,788
2020	$10,996,544	$10,431,174	$37,951,862	$565,370
2019	$10,661,557	$10,563,596	$40,268,310	$97,961
2018	$11,147,076	$10,907,184	$40,407,096	$239,892

STEUBEN RURAL ELECTRIC COOPERATIVE INC