Rochester District Heating Cooperative (EIN 161235605) - 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

1986

Legal Domicile

Principal Officer

Brian Pack

Phone

5855468890

Tax Period

2024-09-01 to 2025-08-31

Rochester District Heating Cooperative, founded in 1986, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $4.7M left a modest 10% surplus.

Mission

Rochester District Heating Cooperative, Inc. was formed to acquire, modernize, improve and operate a steam heating generation and distribution system for the benefit of 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 $4,112,810

Investment Income $139,429

Other Revenue $956,126

TOTAL REVENUE $5,208,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,447,052

Fundraising Expenses $0

Other Expenses $2,245,593

TOTAL EXPENSES $4,692,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,208,365	$4,741,258	+0.1%
Expenses	$4,692,645	$4,532,924	+0.0%
Net Income	$515,720	$208,334	+1.5%

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

$538,107

Total Directors

$116,664

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mr Michael A Howard	Board Secretary	30.00	Officer Director	$116,664	$0	$116,664
Mr Dan DiLoreto	Board President	1.00	Officer Director	$0	$0	$0
Mr George VanArsdale	Board Member	1.00	Director	$0	$0	$0
Mr Kurt Sertl	Board Vice President	1.00	Officer Director	$0	$0	$0
Mr Alex Gales	Board Member	1.00	Director	$0	$0	$0
Mr Marvin Parker Jr	Board Member	1.00	Director	$0	$0	$0
Mr Sean Murphy	Board Member	1.00	Director	$0	$0	$0
Mr Charles Bruno	Board Member	1.00	Director	$0	$0	$0
Mr Brian Pack	Treasurer	1.00	Officer Director	$0	$0	$0
Mr Richard Perrin	Board Member	1.00	Director	$0	$0	$0
Mr John Duchesneau	General Manager	40.00	Officer	$204,117	$47,874	$251,991
Mr Ryan Macauley	Chief Financial Officer	40.00	Officer	$127,464	$41,988	$169,452
Mr Zachary Day	Plant Operator	40.00	Highest	$108,287	$19,280	$127,567
Mr Michael Patanella	Former Board Member	1.00		$0	$0	$0

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	$5,208,365	$4,692,645	$12,121,226	$515,720
2024	$4,741,258	$4,532,924	$12,092,491	$208,334
2023	$4,616,037	$4,629,951	$12,228,852	$-13,914
2022	$4,538,318	$4,359,436	$12,577,794	$178,882
2021	$4,753,433	$4,396,433	$13,022,704	$357,000
2020	$4,215,266	$4,229,138	$13,226,366	$-13,872
2019	$4,449,938	$4,031,175	$12,978,628	$418,763
2018	$4,356,300	$4,116,288	$12,714,654	$240,012

Rochester District Heating Cooperative