BEDFORD RURAL ELECTRIC COOPERATIVE INC (EIN 230394875) - 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

1939

Legal Domicile

Principal Officer

BROOKS SHOEMAKER

Phone

8146235101

Tax Period

2024-01-01 to 2024-12-31

BEDFORD RURAL ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $35.9M represent 41 months of operating reserves.

Mission

DISTRIBUTION OF ELECTRICITY TO MEMBERS IN RURAL AREAS OF BEDFORD COUNTY, PA ON A COOPERATIVE BASIS.

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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 $0

Investment Income $42,250

Other Revenue $10,546,653

TOTAL REVENUE $10,588,903

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,281

Fundraising Expenses $0

Other Expenses $7,985,966

TOTAL EXPENSES $10,588,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,588,903	$11,245,772	-0.1%
Expenses	$10,588,903	$11,245,772	-0.1%
Net Income	$0	$0	N/A

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

$493,893

Total Directors

$47,980

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL GARLAND	DIRECTOR	5.00	Director	$5,783	$0	$5,783
PAUL RUMMEL JR	SECRETARY	5.00	Officer Director	$5,807	$0	$5,807
DALE SPRIGG II	DIRECTOR	5.00	Director	$6,084	$0	$6,084
TROY MICKLE	DIRECTOR	5.00	Director	$6,059	$0	$6,059
RONALD WILKINS	PRESIDENT	5.00	Officer Director	$4,151	$0	$4,151
REUBEN LAFFERTY	TREASURER	5.00	Officer Director	$5,783	$0	$5,783
DONALD HOENSTINE	VICE PRESIDENT	5.00	Officer Director	$3,851	$0	$3,851
TRAVIS WIGFIELD	DIRECTOR	5.00	Director	$4,127	$0	$4,127
BRIAN HOOVER	DIRECTOR	5.00	Director	$6,335	$0	$6,335
BROOKS SHOEMAKER	GENERAL MANAGER & CEO	40.00	Officer	$221,326	$83,631	$304,957
BRENT KAUFFMAN	FINANCE & ACCOUNTING MANAG	40.00	Officer	$116,624	$52,720	$169,344
RYAN YOUNG	OPERATIONS & ENGINEERING M	40.00	Highest	$139,143	$60,380	$199,523
GARY LAFFERTY	WORKING FOREMAN	40.00	Highest	$107,840	$41,944	$149,784
TIMOTHY SHOOK	LINE SUPERINTENDENT	40.00	Highest	$114,762	$51,538	$166,300
BRAD GLESSNER	WORKING FOREMAN	40.00	Highest	$108,518	$40,972	$149,490
WADE MELLOTT	I.T. MANAGER	40.00	Highest	$107,052	$48,710	$155,762

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	$10,588,903	$10,588,903	$69,264,799	No data
2023	$11,245,772	$11,245,772	$63,281,023	No data
2022	$11,384,083	$11,384,083	$61,419,051	No data
2021	$11,935,648	$11,935,648	$56,175,004	No data
2020	$10,992,149	$10,992,149	$54,202,545	No data
2019	$8,794,189	$8,794,189	$50,384,631	No data
2018	$8,956,156	$8,956,156	$51,075,752	No data

BEDFORD RURAL ELECTRIC COOPERATIVE INC