VALLEY RURAL ELECTRIC COOPERATIVE INC ANCIENT AND HONORABLE WORKERS (EIN 231179011) - 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

1938

Legal Domicile

Principal Officer

RICH BAUER

Phone

8146432650

Tax Period

2025-01-01 to 2025-12-31

VALLEY RURAL ELECTRIC COOPERATIVE INC ANCIENT AND HONORABLE WORKERS, founded in 1938, is a mid-sized nonprofit that reported $23.9M in total revenue in fiscal year 2025. Expenses of $20.8M left a modest 13% surplus.

Mission

DISTRIBUTION OF ELECTRICITY TO MEMBERS/OWNERS IN RURAL AREAS OF 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $52,544

Other Revenue $23,803,816

TOTAL REVENUE $23,856,360

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $1,043,742

Fundraising Expenses $0

Program Expenses $20,764,054

Other Expenses $19,600,843

TOTAL EXPENSES $20,764,054

Year-over-Year Comparison

	2025	2024	Change
Revenue	$23,856,360	$23,404,486	+0.0%
Expenses	$20,764,054	$21,094,971	0.0%
Net Income	$3,092,306	$2,309,515	+0.3%

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

$974,222

Total Directors

$123,816

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEROY BARNES	VICE CHAIRMAN	1.90	Officer Director	$11,774	$0	$11,774
RANDALL HUNTSMAN	TREASURER	3.60	Officer Director	$14,524	$0	$14,524
GREG HENRY	DIRECTOR	2.80	Director	$13,524	$0	$13,524
LINDA MCMATH	DIRECTOR	3.80	Director	$14,524	$0	$14,524
JOANNE WHITSEL	DIRECTOR	3.90	Director	$14,024	$0	$14,024
JAMES STAUFFER	CHAIRMAN	3.70	Officer Director	$13,474	$0	$13,474
KEVIN STATES	DIRECTOR	2.30	Director	$12,424	$0	$12,424
CINDY BIGELOW	SECRETARY	3.40	Officer Director	$14,524	$0	$14,524
KENNETH SODER JR	DIRECTOR	3.10	Director	$15,024	$0	$15,024
RICH BAUER	CEO/PRESIDENT	40.00	Officer	$415,932	$125,968	$541,900
ETHAN DEVORE	VICE PRESIDENT OF FINANCE	40.00	Officer	$129,943	$50,773	$180,716
DANIELLE ESTEP	MANAGER OF HR AND ACCOUNTI	40.00	Officer	$150,375	$46,935	$197,310
TODD ROSS	MANAGER OF OPERATIONS	40.00	Highest	$180,902	$73,271	$254,173
BENJAMIN GORMAN	MANAGER OF BUSINESS ADMIN	40.00	Highest	$179,476	$74,265	$253,741
ADAM ATHERTON	CREW LEADER	40.00	Highest	$151,657	$41,355	$193,012
STEPHAN GUTSHALL	CREW LEADER	40.00	Highest	$154,107	$57,458	$211,565
MICHAEL LANSBERRY JR	DISTRICT MANAGER	40.00	Highest	$148,104	$66,923	$215,027

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	$23,856,360	$20,764,054	$107,588,702	$3,092,306
2024	$23,404,486	$21,094,971	$106,392,710	$2,309,515
2023	$22,611,331	$20,255,070	$103,320,368	$2,356,261
2022	$22,430,749	$18,830,961	$102,128,226	$3,599,788
2021	$22,053,014	$18,144,655	$99,255,907	$3,908,359
2020	$21,313,347	$18,970,808	$93,863,837	$2,342,539
2019	$19,732,509	$18,004,389	$92,652,066	$1,728,120
2018	$19,562,787	$18,092,659	$91,931,510	$1,470,128

VALLEY RURAL ELECTRIC COOPERATIVE INC ANCIENT AND HONORABLE WORKERS